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Wipro Outlook: Due to weak results contrary to the estimates in the December quarter, the shares of the giant IT company Wipro fell about 6 percent today.
Wipro Outlook: Due to weak results contrary to estimates in the December quarter, the shares of the giant IT company Wipro fell about 6 percent today (January 13). The company had a consolidated net profit of Rs 2969 crore in October-December 2021, which remained almost the same as in December 2020. However, the company’s revenue from operations stood at Rs 20,313 crore with a jump of about 29.6 per cent year-on-year. The next day after the announcement of the results of Wipro, the price of Wipro slipped to a price of Rs 648, down more than 6 percent. Brokerage firms have mixed opinions about investing in its shares.
Wipro’s board has approved an interim dividend of Re 1 per equity share to the members of the company. The record date for this has been fixed on 24 January and interim dividend will be paid on or before 5 February.
TCS Outlook: TCS prices up 2% after quarterly results; Market experts expressed the possibility of 30% increase, check target price
IDBI Capital: HOLD
Target Price: Rs 780
In the third quarter October-December 2021 of the current financial year 2021-22, Wipro’s revenue grew at the rate of 3 per cent in constant currency term and its margins remained below the estimates of IDBI Capital. However, the brokerage firm believes that the new CEO’s strategy of retaining a global delivery executive and hiring new people for faster growth seems to be working. Apart from this, the investment outlook in this is looking positive due to the boom in the IT industry, 27 per cent year-on-year growth in order book and accelerating organic growth. However, for now its stock may have to wait for a long time. In such a situation, the brokerage firm has held its rating by reducing the rating to the target price of Rs 780.
Parbhudas Liladher: BUY
Target price: Rs 737
After missing the revenue target for the December 2021 quarter, Prabhudas Lilladher has cut Wipro’s revenue estimates by 1.5 per cent for the financial year 2023/24. The company’s management specifically mentioned that Q3 attrition has stabilized and may moderate in the coming quarters. In such a situation, brokerage firms believe that margins are likely to increase in the next financial year. In view of this, Prabhudas Lilladher has advised to buy this stock at a target price of Rs 737. However, the brokerage firm also said that investors should pay attention to any sharp selling in it.
Stock Tips: Infosys price jumps after quarterly results, market experts increase target price
Kotak Securities: REDUCE
Target price: Rs 665
Wipro’s revenue figure for the December 2021 quarter was lower than the estimates of Kotak Securities. The company has made significant changes in the organization structure, improved leadership profile and bench strength and has put more emphasis on large deals. Due to all this, the brokerage firm believes that organic revenue growth can be 15.1 percent in FY 2022. Kotak Securities has retained Wipro’s revenue and EPS estimates in view of the company’s better growth forecast. However, the changes or corrections made by the company may have adverse effects and the December quarter results confirm this. Kotak Securities has retained its reduce rating but has increased the fair value from Rs 625 to Rs 665.
(Article: Harshita Tyagi)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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AI trend drives demand for memory and logic
Revenue from memory almost doubled on a YoY (year-over-year) basis as the AI (artificial intelligence) trend picked up.
On Applied Materials’ fiscal 1Q18 earnings call, the company’s CEO, Gary Dickerson, explained how the AI trend is boosting demand for memory and logic.
He explained that one of the principal applications of AI is NLP (natural language processing), a capability that’s now featuring in more and more devices in the form of voice assistants. As language processing is compute-intensive, it needs dedicated data centers to handle the AI workloads.
Compared to traditional enterprise servers, the new AI-based server architectures have up to eight times more logic and four times more memory content by area. Several cloud service providers have significantly increased their capital spending to grow the data center limit.
In terms of AI at the edge, Dickerson stated that language processing carried out by voice assistants has a silicon area double the size of a mobile application processor. Now, smartphones are coming up with neural processing features via which a camera reacts to what it sees. Such features could further drive memory and logic content per device.
Wafer fab equipment spending
Dickerson also stated that chip makers are making disciplined investments in capacity and technology. Memory chip makers Samsung (SSNLF), Micron Technology (MU), and SK Hynix have increased their capital spending for 2018. AMAT expects combined wafer fab equipment spending for 2018 and 2019 to reach ~$100 billion.
AMAT’s strategy to tap semiconductor opportunity
Dickerson stated that AMAT is looking to tap the semiconductor opportunity using a three-part strategy:
First, the company will make advancements in systems in which it’s already a market leader. Such systems help chip makers improve the power, efficiency, and performance of transistors and interconnect that’s important for high-performance computing.
Second, AMAT will look to increase its market share in areas in which it isn’t the market leader, such as patterning, inspection, and metrology. Dickerson stated that the company aims to generate over $1 billion in revenue from patterning and boost revenue from e-beam inspection in 2018.
Third, AMAT is working with its customers to develop innovative technologies in materials deposition, materials removal, materials modification, and materials analysis.
Next, we’ll look at the Applied Global Services division.

domain: news


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The Panel with Bernard Hickey and Vicki Hyde (Part 2)
Topics - Trees may turn golden for reasons that have nothing to do with the onset of autumn. Some senior prefects at a Wellington private boys' college have had their badges stripped after they were caught drinking on a school trip to Fiji. Nearly every day, Amazon announces a new venture. It just bought an online education company and introduced a payment mechanism for Internet retailers that competes with PayPal.


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CHICOPEE, Mass. (WWLP) – Governor Charlie Baker is pumping another 2 million dollars into a program that’s meant to encourage you to switch to an electric car.
The money will go to the state’s electric vehicle rebate program. The program offers Massachusetts residents rebates up to 25-hundred dollars if they buy or lease an electric vehicle.
Some say it’s a good use of the state’s money. Jim Mercier of Longmeadow told 22News, “I think long term it’s best for the state and best for the county. It reduces emissions, green house gas, yeah, I mean there’s lots of ways the state could spend the money but I think it’s a great idea.”
So far, the program has given rebates for more than 700 low-emission cars, including battery electric and zero-emission motorcycles.


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After hinting at more restrictions last week, the governor introduced his latest measure during his news conference on Tuesday.
The 10 p.m. to 5 a.m. curfew will start on Thursday and run for 21 days. Retail must close at 10 p.m. Restaurants can stay open for delivery and takeout, and pharmacies and grocery stores can also remain open. DeWine said the curfew is not intended to stop anyone from going to work or getting medical attention, adding people should use common sense.
“We believe this will help reduce COVID-19 spread. I’m also asking each Ohioan every day to do at least one thing that reduces your contact with others,” DeWine said.
Lt. Gov. Jon Husted said he met with different business leaders, and concluded this was the least disruptive option with the most meaningful impact.
Ohio Restaurant Association President John Barker, who joined the news conference via video, said the board of directors is in support of the curfew.
The latest headlines from FOX8.com:
- Disney has ‘enough room to build another Disneyland’ in California city, chairman says
- Christmas tree illuminated at Rockefeller Center
- Henry Kissinger, former secretary of state and diplomat, dies at 100
- American diplomat Henry Kissinger dies at 100
- Man arrested after protesters try to confront Transportation Secretary Buttigieg at Michigan event


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HTC One X, X+, XL and Butterfly receive Android 4.2.2-Update. HTC has announced the rollout of the new firmware update for the HTC One X, One X+, One XL as well as the ROM update for the HTC Butterfly. All mentioned HTC smartphones receive the update to Android 4.2.2 now. However, it could last a bit till every HTC One-device [Continue reading…]
The Taiwanese smartphone manufacturer HTC has announced the new middle-class smartphone HTC Desire 500, which offers a similar equipment like the HTC One mini, but there are concessions in some aspects compared to the new HTC One mini, of course.


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Supported by potato industry stakeholders, Washington State University expands research on soil health
November 13, 2020
Launching new research in support of Washington potato growers, Washington State University is partnering with industry leaders to study healthier, more sustainable, and productive soils.
Key Technology Introduces Zephyr™ Next-Generation Horizontal-Motion Conveyor
October 20, 2020
Featuring a patented direct drive with a counterbalance system, Zephyr's unique motion profile gently moves product with no segregation or stratification and at higher capacities than can be achieved with other horizontal motion conveyors.
Expansion Potato Processing Plant McCain Foods in Othello to resume early October
September 29, 2020
McCain Foods USA announced the restart of construction of its 170,000-square-foot expansion at its Othello, Washington potato processing facility. Paused due to COVID-19 restrictions, construction will resume in early October.
Economic hit of COVID-19 to the Washington State Potato Sector estimated at USD 1 Billion
September 11, 2020
A WSU study has estimated the 2020 economic losses from potato production and processing in Washington. The demand shocks of COVID-19 resulted in a hit of roughly $1 billion dollars in gross state product.
McCain Foods USA Celebrates Groundbreaking of Major Expansion in Othello, Washington
October 17, 2019
McCain Foods USA, a leading supplier of frozen potato and snack food products across the country, celebrated the official start of construction of a 170,000-square-foot expansion at its Othello, Washington potato processing facility.
McCain Foods USA announced a major expansion of its potato processing capacity in Othello, Washington
May 02, 2019
Today, McCain Foods USA Inc., a division of McCain Foods Limited, the world’s largest producer of frozen french fries, announced a $300 million investment in its Othello, Washington potato processing plant.
Will A Slow Start For Pacific North-west Potato Farmers lead to a French Fry shortage?
April 25, 2019
Spring is just now beginning to shine in much of eastern Oregon and Washington. A winter of record snowfall left the ground frozen or flooded much later than normal. As a result, farmers are getting a late start on their crops.


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Posted on the official Mass Effect website, Bioware released today that they would be postponing the next chapter in the Mass Effect series, Mass Effect: Andromeda, until early 2017. The reasons for delaying the game are to give Bioware the time to add some new features and mechanics to the game, such as new levels of freedom of where you can go, new factions within the Mass Effect universe that we haven't met before in the Milky Way, and pushing the Frostbite engine as far as they can to create a stunning experience for the latest consoles. As a long time supporter of these games, I can appreciate that this RPG giant is wanting to take their time and put out a good quality game, rather than push the game and patch it at some later point during it's life cycle.
There is a scheduled conference during E3 on June 12th that will provide an update on the game, so hopefully we will get to see more of Bioware's progress on the Mass Effect title.
Keep coming back to Rocket Punch for all the latest news happening in the Andromeda system!


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(Bloomberg) — Snap Inc.’s co-founders got richer by billions of dollars in just a few hours, after the company reported better-than-expected results as the coronavirus pandemic boosted usage of its app. Shares soared as much as 25% to $35.57 in late New York trading after the owner of the […]
People are getting richer in the tech world during the pandemic everything from work, shopping, schooling and entertainment shifts to online — an example of this are the founders of Snap Chat – Evan Spiegel and Bobby Murphy.
Read full story at finance.yahoo.com (photo credit)
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Apr – May 2019
At WCS in Singapore, IATA’s Glyn Hughes said air freight has become more innovative than at any time in its history, with everyone talking about new initiatives they are working on, often reflecting new possibilities that technology opens up.
And a shift towards ‘solution-led standards’ from ‘standard-led solutions’ means companies and individuals are now trying new things that can then lead to the basis for new standards. That is faster and much more dynamic, encouraging greater innovation, Hughes notes, enabled by dramatic advances in digital technology.
Indeed, almost all of the tracks at WCS featured a strong vein of digitalisation, along with information-sharing and collaboration. And those three themes are common for most areas air freight needs to address, Hughes believes.
Importantly, there also now seems to be unprecedented support for pursuing initiatives to meet these challenges, with heads of cargo ‘bullish’ about embracing technology, and in a hurry to do so, he notes.
As well as being themes within this magazine’s coverage of WCS, they are common themes within the other articles: from the interview with Lufthansa Cargo CEO (and IATA Cargo Committee chairman) Peter Gerber on page 4, to the discussions about investments in cargo handling infrastructure on page 14; the dynamic changes within Asia highlighted on page 18; to the articles on data-sharing and new quality standards within pharma and perishables handling on pages 24 and 44, respectively.
Hughes noted how optimistic people seemed at WCS, despite the year starting relatively poorly – in terms of air cargo demand and uncertainty in the wider global economy. He suggests the sector has become more resilient than in the past, perhaps also buoyed by continuing strong demand from certain special cargo verticals, particularly e-commerce, in the last few years.
He believes this is one of the most significant ‘structural’ changes the sector has seen since the global financial crisis and growing protectionism slowed ‘the multiplier between international trade growth and GDP growth’ from around 2:1 to just 1:1. The ‘modal windfall’ from those special verticals means air freight is now ‘somewhat cushioned’ from the full depth of any slowdown in international trade.
IATA’s conclusion is this: while there has been a slowdown in recent months, once the uncertainty – e.g. from the US-China trade war and Brexit – is resolved, the industry can go back to a higher growth trajectory.
And in the meantime, there is a lot of innovation – notably involving digitalisation, data-sharing and collaboration – to be getting on with. And that all seems to make sense. In theory, at least!
Featured in this issue
Gearing up for the future
The biggest issue driving the renewal of Lufthansa Cargo’s Frankfurt freight hub is the need to modernise and develop new ways of handling and processing cargo fit for the digital age, CEO and execu...Read More
Airlines’ ever-increasing focus on temperature-sensitive cargo has been forcing handling agents to put more resources into this segment – even if they are sometimes unable to charge carriers any e...Read More
Markets in motion
Trade wars, shifting manufacturing production and rapid economic development are all playing a major role in reshaping Asia’s air cargo business, reports Donald Urquhart The US-China trade disput...Read More
Established practices and concerns over how data will be used are delaying meaningful progress in data sharing. But customer demand, improving technology, and potential outside intervention mean this ...Read More
Global Pharma Tracker programme launches
Air freight data-sharing and visibility initiative completes a successful proof of concept and pilot phase in a collaboration between tech specialist Nallian and Pharma.Aero, reports Will Waters Da...Read More
An era of unilateralism
IATA’s downgraded 2% growth forecast reflects a shift away from global multilateralism, explains chief economist Brian Pearce IATA’s decision to downgrade its 2019 growth forecast from 3.7% to ...Read More
Responding to the e-revolution
Collaboration is crucial for air cargo to get up to speed on e-commerce, speakers at WCS say Collaboration among members of the air logistics chain is crucial if the air freight sector is to get up...Read More
IATA’s latest shipper survey highlights a surprising lack of DG awareness among customers in the transport of e-commerce products, reports Donald Urquhart IATA’s latest Shipper Survey turned up...Read More
Unilode wins 2019 Innovation Award
Bluetooth-based ULD tracking solution promises to improve control, visibility, transparency, accuracy and safety in the air cargo supply chain Unilode Aviation Solutions has won the IATA Air Cargo ...Read More
Cargo iQ unveils new solution for SME forwarders
Portal promises to provide ‘vastly improved planning and control’ for air freight shipments to small and medium-sized freight agents Air freight quality body Cargo iQ has successfully trialled ...Read More
Picking up the pace
IATA Cargo Committee calls for faster adoption of industry projects, reports Donald Urquhart The 13th IATA World Cargo Symposium in Singapore concluded after three intensive days of conference disc...Read More
Rising to the challenge
Air cargo is at its most innovative point in history, says IATA’s Glyn Hughes The air cargo industry is “at its most innovative that it’s ever been at any point in its history,” was the upb...Read More
IATA launches CEIV Fresh
Perishables transport quality certification initiative builds on PCR regulations and success of the association’s CEIV Pharma standard The International Air Transport Association (IATA) has launc...Read More
CCA members launch perishables data-sharing trial
Consignments will be tracked on every stage of a cool chain trade lane to identify inefficiencies and help reduce food loss Cool Chain Association (CCA) members will pilot a data-sharing initiative...Read More
Turkish begins belly freight handling at new Istanbul Airport hub
Cargo division to use a temporary satellite facility from April, when the remainder of the airline’s passenger flights move from Ataturk Airport, where freighter flights will remain Turkish Carg...Read More
ABC doubles Rickenbacker capacity
AirBridgeCargo reinforces its position at the US ‘cargo-friendly’ airport with a second weekly B747F flight A year after entering the Columbus, Ohio market, AirBridgeCargo Airlines (ABC) is ex...Read More


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Surprised when you order a T-shirt or fitness watch and they arrive in an oversized box? Many of us are, which is why PostNL and sports chain Decathlon are working to develop customised packaging and other sustainable solutions, aimed at reducing Decathlon’s environmental footprint.
“We want people to be able to exercise outside comfortably, which is why we want to contribute to a clean environment,” says Roeland Vervloet, ‘sustainability leader’ at Decathlon Netherlands. Decathlon and PostNL have worked together since the sports chain launched its webshop in 2013. “PostNL has a good image, which is key to working with them. And we both agree that we can send goods in a more environmental friendly way,” Roeland explains.
One way to achieve this is by sending articles in smaller boxes. Roeland: “Larger boxes don’t help anyone. The consumer doesn’t want the cardboard, and bigger boxes mean more journeys to our distribution centre, increasing CO2 emissions. One of the solutions we now use is machines producing made-to-measure boxes, meaning packages that fit the order.” Reusable packaging also reduces waste. Roeland: “The challenge lies in getting consumers to return the packaging after they’ve opened the bag, but we are looking at ways to solve this.”
In the future, we want all of our buildings and sorting centres to be either CO2 neutral or CO2 positive. By 2019, 18 of our 25 parcel processing and distribution centres had been fitted with LED lighting, while 24 produced renewable energy through roof-fitted solar panels. Our mail sorting centres were already equipped with LED lighting before the start of 2019. We installed building management systems at two of our centres, which will enable us to reduce our energy consumption.
The three parcel sorting and distribution centres that we opened in 2019 were awarded the BREEAM certificate 'Outstanding'. We achieved this rating by investing in the most sustainable building materials available, installing waste heat recovery systems, and placing around 950 solar panels on the roof of each sorting centre.
On average, LED lighting cuts energy consumption by 50% compared to halogen lights. During the year we continued to switch to LED lighting across our operations. Of our 25 parcel sorting and distribution centres, seven were fully equipped with LED lighting and 11 had LED lights fitted in the production hall by year-end. Six centres will have LED lights installed in their production hall in the first quarter of 2020.
In 2019 we placed over 5,500 panels on the roofs of six of our parcel sorting and distribution centres, bringing the total number of panels on our 24 parcel centres to just over 25,000 by year end. In total, these panels produced around 6 million kwh over the course of the year, equating to around 43% of the centres' total annual energy consumption on lighting. For those centres that had solar panels up and running for the entire year, this figure rose to 47% of their annual energy consumption on lighting.
Moving towards emission-free deliveries involves more than just introducing electric vehicles. We also need to update and adapt our infrastructure. Across a number of our sorting and delivery centres we have commissioned and begun constructing loading docks for e-vehicles. At our Amsterdam centre, for example, we have completed preparation for 48 docks, 24 of which are live. At our centre in Almere we have prepared 83 docks, 30 of which are live. And at our Dordrecht centre 60 docks have been prepared, with the first set to go live in 2020. Going forward, we will continue to work on bringing additional docks live, including at our centre in Tilburg where we have just completed the design phase.


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Nearly 60 titles are disappearing from Netflix in May, but nearly 60 titles are being added. Find out what to stream while you can and what you have to look forward to here.
Scrutiny from regulators proves too much for a proposed $45 billion deal to combine the two biggest US cable operators. However, the merger frenzy may start back up, thanks to Charter Communications.
In the world of American motorcycles, tradition usually trumps technology. Erik Buell has been pushing the two-wheeled envelope for decades, and EBR looks set to bring us into the future.
Lincoln's new Continental Concept is looking lovely on the show floor of the New York International Auto Show. Let's take a closer look.
Technically Incorrect: A survey suggests that American cell phone users headed to foreign lands don't know enough about costs and data usage. Which means unsettling changes in behavior.
The App Store for Apple Watch features curated collections such as family, travel, health and fitness, creativity, work and communication.
Republicans on the Federal Communications Commission and in Congress question the White House's influence over the agency, and claim dire consequences if the broadband industry undergoes stricter regulations.
The administration will offer loans and work to remove law that limit consumers' ability to choose fast, affordable broadband.
Thanks to the popularity of online media sites like YouTube, mainstream entertainment soon may look more like that kid clowning around in front of a laptop camera.
According to a survey, Americans say their biggest concern with online infiltrators is that their financial info will be spied on. Some even admit they're worried about privacy while browsing porn.


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Apple and Sonos today announced that Apple Music, Apple’s streaming music service, will be available on Sonos, allowing those who own Sonos speakers to use them with the Apple Music service for the first time since it launched in June. A public beta of the new feature is also available leading up to the official launch.
Sonos users will be able to access Apple Music on their Sonos speakers, streaming songs from For You, New, Radio, and My Music. The beta will allow users to access the Apple Music features through their dedicated Sonos apps on iPhone, iPad, iPod touch, Mac, and PC, with full support set to roll out in 2016.
“Many of our members love Sonos and want to enjoy our service throughout their homes,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We’re thrilled to be working with Sonos to provide the Apple Music experience in even more places fans enjoy music.”


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Former restaurant owners of the UK’s only Melbourne style cafes are now running a vegetable delivery box service, after they made the difficult decision to close last year.
After three years they closed the restaurant in Stokes Croft after the couple had a baby which meant they had to hire new staff, adding further to their outgoings which meant the business was not financially viable.
Léa said the restaurant was placed in the highest tax bracket due to its popularity, which is partly why they launched a crowdfunder in 2018 , attempting to raise £9,000 towards running costs at the brunch hotspot.
But now they have put their passion for food into helping others and launched the initiative after they noticed a lot of vulnerable people were “struggling to get food”.
Léa Chaouchi, 26, co-owner of Ceres Veg Box Delivery said: “It's important to help vulnerable people during this time and a lot of our customers have cancer or severe illnesses, can't leave their homes or are elderly.
“But, it’s been so heart warming because people leave little notes on their door and on our Facebook page.
“Food is something that connects everybody, so if we can't feed people through the restaurant then we can bring it to their doorstep.”
The fruit and vegetable is from Bristol Fruit Market, based on Albert Crescent.
Dan Ingram and Léa, Ceres Veg Box Owners, said Bristol Fruit Market was the first market which came to mind as they knew they would be “suffering”, during this time due to their main trade being supplying to restaurants in Bristol.
They also provide a meat box, which is from Sandy Park Butchers.
A fruit box costs £15, a veg box £20 and a meat box £35, with butter, milk and eggs as optional additions.
Currently they’re also donating their perishables to Aid Box Community, a charity for refugees and asylum seekers. They distribute it to those who have settled in the UK and are vulnerable.
"I’ve literally had people with tears of joy on the doorstep"
Léa does the administration for the business and Dan and a couple of other delivery drivers deliver the food.
Most recently, Dan and a few of his colleagues who were also chefs were made redundant, due to their restaurant Corkage, in Bath closing as a result of coronavirus.
Dan, 37, said: “24 hours later, I’d taken a punt on the fact that people may need food delivered and launched “Ceres Veg Box” delivery.
“We now have four drivers plus me, and have only employed people who have lost work due to the outbreak. We have a self-employed builder, a chef, a cake maker and an immersive theatre events manager- all enjoying the humble task of packing up our beautiful fruit veg and meat boxes and delivering to people in need.
“We also have a restaurant manager working from home helping to process the orders.
“It’s become a very rewarding job. It’s early starts as the market opens at 5am, but it really feels like we are delivering a much needed service.
“The feedback has been amazing. I’ve literally had people with tears of joy on the doorstep.”
“So many lovely messages from people who’ve been incredibly worried about leaving the house, people sending boxes to their grandparents, families who are self isolating and avoiding supermarkets.
“We heard there was a month's wait to have food delivered from the supermarkets, so we’ve tried to plug this gap for people.”
They are also hoping to use their cooking credentials to do some cooking videos based on the vegetables in their boxes.
Where can you get your hands on one?
They cover BS1 to BS20 and then BS30 to BS39. They also cover BA1, 2, 3 in Bath.
They do 60 drops a day and meet at 6am everyday and then deliver from 11am in the morning. If things go to plan, all boxes are delivered from 11am to 5pm.
From March 14, they will officially offer next day delivery for customers.
For more information, reach them here: 07367 885630 and they’re website will be going live on March 13, but updates can be found on their Facebook page for now.


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Don't give that big 'ol FTICR away just yet. They found some Helium!
Say Good-bye to the Helium shortage and Hello to your favorite 1 Hz FTICR again. Researchers collaborating with an un-named entity found a huge reserve beneath the country of Tanzania. Hopefully this leads to cheap helium again and some economic gains for one of the world's poorest countries. Wins all around!
BBC article here. Wait. Is it still B-BC? Didn't they change their name or something recently?


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Exhibition in Milan is cancelled
The awards ceremony and exhibition of the 21 winning products and product ideas during the Tortona Design Week 2020 in Milan will not take place this year. Due to the current security situation the event unfortunately is cancelled.
Due to the current security situation caused by the spread of COVID-19, the exhibition of the 21 award-winning products and product ideas of the ein&zwanzig competition during the Tortona Design Week in Milan cannot take place this year.
After the shortlist 2020 has been published, the winners of the ein&zwanzig will be announced on March 18. The product awarded "Best of Best" in our international newcomer competition will be published on our website on April 20.


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China’s BYD boasts Warren Buffett, Bill Gates and David Sokol as beta testers for its electric vehicles. “They’re definitely coming to the United States,” Sokol said today, but timing will depend in part on how quickly it can ramp up battery production.
Panasonic (s PC) EVP Bob Perry made it clear at this week’s TV of Tomorrow Show that there’s not much love lost in America for cable TV. He joked that even Wall Street bankers might be more popular than cable execs, and warned that cable companies won’t survive if they continue to force consumers into a business model that nobody wants. “There is over a hundred million households yearning to be free,” he says.
Perry also had another warning for the cable industry: Government has stepped in before to enforce competition and decouple infrastructure from services. The phone business went through this transition, and power companies have been facing similar regulations, he said. Could cable be next? Will Congress eventually force cable companies to open up their pipes for competitors to sell programming? “It certainly happened to many other businesses,” he mused.
Of course, cable isn’t the only gatekeeper in this newteevee world. Device makers increasingly hold the key to over the top platforms, deciding which services to include and which to leave out. So how will Panasonic deal with this responsibility? I decided to find out and ask Perry a few more questions.
Read More about Panasonic EVP Bob Perry: Consumers Desire Choice
Yesterday, the New York Times published an article examining what it refers to as the upcoming “war” between computer chip manufacturers. It’s an interesting read if you’re desperately into that sort of thing, but what’s most compelling is the assertion that Apple (s aapl) probably invested at least a billion dollars in the iPad’s custom silicon.
As we reported here, Apple bought chip manufacturer P.A. Semi back in April 2008 for a cool $278 million, ostensibly to acquire the company’s engineering talent and manufacturing expertise, and, perhaps, the use of its existing facilities to produce its own custom-designed chips. Perhaps this helped save Apple a little money up-front, if the NYT’s is correct about the development costs of the chips alone;
Even without the direct investment of a factory, it can cost […] about $1 billion to create a smartphone chip from scratch.
Does this mean Apple saved a cool seven hundred million dollars when it bought P.A. Semi? If you’re a company with almost forty billion dollars in the bank, finding the ready cash to develop your own groundbreaking processor doesn’t seem quite such a mammoth undertaking. And I’ll be the first to admit I’m likely oversimplifying the whole thing, but y’know, that Jobs fellow is a wily old fox… Read More about Apple’s Billions and Billions
Two and a half years ago, the first edition of “The New Rules of Marketing and PR” hit the shelves. David Meerman Scott’s guide to using other online tools for marketing was a game changer. Last month, the second edition of the book came out.
Think, the Norwegian electric car maker that aims to start selling its Think City model in the U.S. next year, has been doing its homework: slicing and dicing the massive U.S. auto market into an index of cities where its mid-range two-seater is most likely to take off early on.
“Ideally,” Think CEO Richard Canny says in a release today of the company’s top 15 “EV-Ready” cities, Think would like to sell the City nationwide next year. “[B]ut in our early commercialization phase, it is important that we first establish a strong concentration of sales in key, highly attractive markets.” Topping Think’s list are Los Angeles, San Francisco, Chicago and New York (full index below the break). Read More about Want Think’s Electric Car? Better Live in One of These Cities
One very impressive thing about the international reaction to Haiti’s recent devastating earthquake is the many, many ways you can contribute to relief efforts. The Red Cross and other humanitarian organizations acted quickly, setting up donations via the web, through partnerships with product makers, and through incredibly simple text messages charged directly to your bill.
The flipside is that it can be hard to know exactly which methods are legit, and in which cases the bulk of your donation actually goes to relief work. Apple (s aapl) and the Red Cross have set up a method for donating money that makes it very simple to make a contribution that will go entirely towards helping Haitians deal with the fallout of this tragic event; you can now donate via iTunes. Read More about Donate Directly to Haiti Relief Efforts via iTunes
The first day of the North American International Auto Show brought us the first glimpse of Toyota’s concept for a Prius family of hybrids, news of Ford’s plans for a major investment in electric vehicles and other goodies (highlighted for you with plenty of pics here). Today the annual event, taking place in Detroit, brings us a slew of fresh photos, promises, posturing and announcements (including one acquisition) from the likes of Tesla Motors, BYD Auto, Daimler, Dow Kokam and other companies. Below you’ll find highlights from Day 2 of the show.
Read More about Detroit Auto Show Day 2: Cheap EV Dreams, Dirty Cars and When Automakers Attack (Eek!)
For China’s BYD, the Warren Buffett-backed battery company turned automaker, hybrid sales have been anything but brisk this year. Since launching its F3DM plug-in hybrid model in December 2008, BYD has sold “several hundred” of the vehicles, according to a Reuters report on Tuesday. That’s up from only 80 F3DM sales through April of this year, and less than 100 as of August.
But while the pace has apparently picked up in the latter half of 2009, the model has come in well below the company’s ambitious sales targets — BYD originally aimed to sell 10,000 of the plug-in hybrids in 2009, and this fall reportedly scaled back to a goal of 3,000-4,000 units for the year. Read More about BYD Plug-in Hybrid Sales Wallow in the Hundreds
As far as China’s BYD Co. is concerned, Los Angeles has at least five markings of a prime launchpad for electric vehicles: high population density, air pollution problems, a large car market, affluent consumers, and a yen for new technologies. That’s why the battery giant and automaker has named the L.A. area as the region “at the top of the list” of potential lead markets for its electric vehicle and inaugural U.S. offering, the five-seat e6 scheduled to launch next year.
Read More about China’s BYD Eyes SoCal for Its U.S. Electric Car Ambitions
Warren Buffett, the closely watched investor and mega-billionaire, expects that 20 years from now, all cars will run on electricity. At least, that’s what he told Rice University business students at his Omaha headquarters this month when asked for his thoughts on peak oil and replacements for “carbon fuels,” the Houston Chronicle reports (hat tip Gasgoo and GuruFocus).
Such a rapid transition to electric vehicles could work out well for BYD, the China-based developer of electric vehicles and lithium-ion batteries in which Buffett’s Berkshire Hathaway investment firm holds a 10 percent stake. But some other forecasts suggest we’re more likely to see a mix of fuels — including gasoline and electricity — powering vehicles for some time to come, rather than a wholesale switch to plug-ins by 2030.
Read More about Warren Buffett: All Cars Will Be Electric By 2030


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Partners Applaud Cisco's $1.4 Billion Purchase of IoT Superstar Jasper; Expect IoT Sales To Ramp Up
Partners are hailing Cisco's $1.4 billion purchase of cloud-based Internet of Things provider Jasper Technologies as a way to drive new IoT sales and recurring revenue.
"No question, it will help drive IoT sales," said Brian Ortbals, vice president of Advanced Technology at World Wide Technology, a St. Louis-based solution provider and Cisco Gold partner, ranked No. 11 on CRN's Solution Provider 500 list. "We heard time and time again Cisco's desire to move to an IoT platform strategy, and certainly you look at what Jasper provides and some of their reference solutions -- they're a key piece in an overall platform strategy. It makes perfect sense."
Privately held Jasper Technologies, named in CRN's 10 Coolest IoT Startups Of 2015, delivers a cloud-based IoT service platform aimed at helping enterprises and service providers launch, manage and monetize IoT services on a global scale. Cisco touts Jasper, based in Santa Clara, Calif., as the industry's leading IoT service platform in terms of the number of enterprises and service providers it serves.
Jasper develops and provides a Software-as-a-Service platform with recurring revenue IoT business that manages and drives a range of connected devices and services for more than 3,500 enterprises and 27 service provider groups globally, said Rob Salvango, Cisco's vice president of Cisco's Corporate Business Development, in a blog post.
"Jasper recognized early on that in order to support its enterprise customers, it needed to tightly integrate with service provider networks. This strategic decision was game changing -- it helped them create an expansive recurring revenue-based business model that offers more breadth and reach than any other IoT player today," said Salvango in the post.
Jamie Shepard, senior vice president of strategy and health care at Lumenate, an Addison, Texas-based Cisco partner, said the acquisition will help his company better align itself with Cisco to drive IoT revenue.
"Cisco is giving us an opportunity to walk into the world's most sophisticated firms, no matter where they are, and help architecture [an IoT] solution," Shepard said. "They're giving us a great mechanism to have bigger, deeper discussions, and that's going to continue to drive our Cisco practice."
In a statement, Cisco CEO Chuck Robbins said the acquisition will accelerate how customers recognize the value of IoT.
"Together, we can enable service providers, enterprises and the broader ecosystem to connect, automate, manage and analyze billions of connected things, across any network, creating new revenue streams and opportunities," said Robbins in the statement.
Jasper's IoT service platform automates the management of IoT services across devices and enables companies to create new business models. The acquisition allows San Jose, Calif.-based networking giant Cisco to offer a complete solution that is interoperable across devices and works with IoT service providers, application developers and partners.
Matt Duncan, director of GDT Labs at General Datatech, a Cisco Gold partner ranked No. 45 on CRN's SP500, said the acquisition is "good news for everybody," because more IoT vendor integration is better for business.
"The more places to integrate, the better. The more tools we have, the better," said Duncan. "It helps us a lot, because we're having a lot of conversations with customers in the IoT space, [talking about] what it means to them to monetize these efforts in different ways. We're exploring those option internally for ourselves as well as for our customers."
Cisco is paying $1.4 billion in cash and assumed equity awards, plus additional retention-based incentives, for Jasper. The hefty price tag caught some partners off guard.
"[The price] is no drop in the bucket, that's for sure," said Michael Girouard, executive vice president of sales at TekLinks, a Birmingham, Ala.-based solution provider and Cisco Gold partner. "Chuck [Robbins] wanted to move fast -- he said he was going to move fast. They've made some investments in IoT organically and inorganically. This is a pretty bullish move by Cisco."
Jasper CEO Jahangir Mohammed will run Cisco's new IoT Software Business Unit under Rowan Trollope, Cisco senior vice president and general manager, IoT and Collaboration Technology Group. The acquisition is expected to close in the third quarter of fiscal year 2016.
In October, Cisco unveiled its plan to purchase IoT data analytics specialist ParStream.


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CHICAGO -- A Chicago McDonald's worker is out of a job because of what was written on a coffee cup.
An Eyewitness News viewer sent us a photo from the McDonald's at Kedzie and Foster on the city's Northwest Side.
The word "chino" - a Spanish slang term for Asian - was written on the cup, along with a drawing of a face. The customer who ordered the coffee is Korean.
McDonald's said it has fired the employee.


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Animoca Makes, the pointed out Hong-Kong centered trader in non-fungible token (NFT) and metaverse projects has issued a warning on Twitter about a scam that entails the sale of a fake ERC-20 token, labelled “Animoca Makes Metaverse”, on Uniswap V2, a protocol for automated token trade on the Ethereum blockchain. The Net3 trader stated in an official take note that the namesake token makes use of the “Animoca” image to claim affiliation but is just not in any way associated with Animoca Makes, deeming it pretend.
The Etherscan entry of the fraudulent token can be reveals, that 53 wallet holders have fallen for the fraud so much, despite the fact that the quantity also suggests no wide attempt has been produced to propagate the token nonetheless. It is also worthy of noting that if you head into ‘Info’ and ‘Contract’ tabs for the faux token, there is practically nothing to be observed. Moreover, there are only 83 transfers so considerably, signalling confined investing. Nevertheless, Animoca Models reacted to protect its potential players from possessing a worthless asset.
????????????Fraud Warn! ‼‼‼It arrived to our attention that there is ongoing scam using our title. We are not related with this new ERC-20 token “Animoca Brands Metaverse”.
Far more data at: https://t.co/mblbAMhSpm
— Animoca Brands (@animocabrands) February 17, 2022
Animoca Makes, in its note, strongly suggested the general public to steer clear of this fraudulent token and any linked activities related to it such as social media and messaging apps. The blockchain gaming investor urged consumers to only visit the formal inbound links for legitimate video games, NFTs, and token sales, emphasising that Animoca Makes and its operated initiatives will under no circumstances directly get to out to men and women to arrange gross sales of tokens.
Currently an recognized title in the gaming room, Animoca Manufacturers has identified its footing in the metaverse and NFT worlds. The blockchain gaming organization introduced strategies to develop into Japan with the launch of its strategic subsidiary Animoca Brands KK just after increasing approximately $10 million (approximately Rs. 75 crore) in its seed spherical very last thirty day period.
The Japanese arm will let intellectual assets (IP) holders in the country to difficulty their very own NFTs and alternative tokens, and create fan communities by participation in the broader Net3 ecosystem. It also uncovered plans to do the job with experts around the planet to aid Japanese IP holders develop into international marketplaces.


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The Options Price Reporting Authority plans to raise subscriber fees and change its rate structure later this year.
Under the current system, OPRA subscribers pay a $45 location charge and $1 for each device displaying options information. OPRA disseminates bid and offer quotes and last-sale prices for the five options markets -- the American, New York, Pacific and Philadelphia stock exchanges and the Chicago Board Options Exchange.
In the second half of 1989, OPRA will eliminate the location
Julie Lerner joins to talk about the hemp market and PanXchange's launch of a hemp exchange.Subscribe to Weekly Wrap emails


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Beats Electronics has filed a lawsuit targeting Chinese counterfeiters that are producing knockoffs of its headphones.
54 Recent Stories
Facebook and criminal activity don't mix well. Here are seven people who landed in legal hot water for their use of the social network.
The state of New York is suing Barclays over the company's claims to clients regarding high-frequency trading.
The Beastie Boys have taken away GoldieBlox's license to ill. Bowing to legal pressure over the use of "Girls," a 1986 song from the rap trio, GoldieBlox changed the soundtrack in its viral ad to a purely instrumental tune. The original version of the video, meanwhile, has been marked private. See also: The Most-Shared Ads of 2013 The move comes after the Beastie Boys' lawyer contacted GoldieBlox this week to discuss alleged copyright infringement.
Twitter was sued for $124 million by two financial firms that claim the Internet company engineered a failed private sale of its shares to pump up investor interest for its planned initial public offering. The firms, Precedo Capital Group Inc. and Continental Advisors SA, sued Wednesday in Manhattan federal court, claiming Twitter fraudulently used the aborted sale to set a $10 billion valuation for itself and a floor price for the IPO.
Amazon has won the latest round in a battle with IBM to build a massive computer cloud for intelligence agencies. Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled in Amazon’s favor after oral arguments held behind closed doors on Monday. The ruling was in favor of Amazon’s motion for judgment on the administrative record, which means Wheeler concluded there was sufficient evidence in Amazon’s favor that it was not worth proceeding with a trial.
Google said a lawsuit by Max Mosley, Formula One’s former president, asking it to block any further search results referring to a “Nazi-themed” sex party would create unprecedented censorship on the Internet. Lawyers for Mosley asked a French court today to force Google, the owner of the world’s most-used Internet search engine, to build software filters that would detect and delete certain content, Daphne Keller, an associate general counsel at Google, said in a post on its website.
In the latest installment of the Apple-Samsung patent battle, judge Lucy Koh has decided that Samsung did not infringe Apple's patents willfully, therefore overturning one element of the jury's ruling from August 2012. Originally, the jury had determined Samsung's infringement of Apple's patents was willful in several instances, which could possibly triple the $1.05 billion damages granted to Apple.
If you're looking for a succinct explanation of the court battles between Apple and Samsung, you've come to the right place.
Oracle's legal woes aren't over yet. On Tuesday a federal judge ordered the company to reimburse Google $1,130,350 in legal costs stemming from the high-stakes copyright battle earlier this year. Google originally wanted Oracle to fork over more than $4 million to cover the expenses they racked up in the patent trial that Google ended up winning in May.
That distant sound you hear is Apple and Samsung slamming into each other in a San Jose courtroom like two bighorn rams vying for dominance. Apple says Samsung stole its ideas; Samsung says it had similar ideas first. For many, it’s a simple patent case that will be won or lost based on the evidence of inspiration. Yet what’s at stake is more than the $2.5 billion Apple wants from Samsung’s hide -- it’s the future of innovation, and maybe even the very definition of an idea.
When you're dealing with technology, you're bound to find glitches, from misleading movie trailers to annoying spam. Some people, however, seem to take these hiccups more seriously -- enough to file a lawsuit. Here are 10 of the most curious complaints that have actually gone to court. 1. The Oatmeal vs. FunnyJunk In 2011, Matthew Inman, creator of humor site The Oatmeal, called out user-generated site FunnyJunk for reposting his comic strips without permission.
Cord-cutting startup Aereo got an early win Wednesday in its on-going lawsuits with major broadcasters including ABC, NBC and CBS. A federal judge in the Second District of New York denied broadcasters' request for a preliminary injunction against the New York-based startup. Aereo argued that such an injunction would essentially put it out of business.
Google is facing copyright infringement charges from New York start-up CamUp over a video-sharing feature used on Google's social network, Google+. The lawsuit accuses Google of stealing the "watch with your friends" button from CamUp. The button currently directs users from YouTube to a Google+ Hangout page where multiple people can video chat while viewing video content together.
Shareholders have sued Facebook and CEO Mark Zuckerberg over the company's bungled IPO, charging they hid bearish forecasts prior to going public. The suit, filed Wednesday morning in the U.S. District Court in Manhattan by the Brian Roffe Profit Sharing Plan, Jacob Salzmann and Dannis Palkon, charges that Facebook and its lead underwriter concealed "a severe and pronounced reduction" in Facebook revenue growth forecasts before the company's shares were offered to the public.
A federal jury has issued a partial verdict in the Oracle/Google lawsuit. Although the jury found that Google infringed on Oracle's Java tools, it deadlocked around the question of whether Google proved that its use of Java constituted "fair use." Oracle sued Google in 2010 over its use of the Java programming language and software tools. Oracle acquired Java when it purchased Sun Microsystems in 2010.
How is Yahoo like Dancing With the Stars? Randi Zuckerberg, former Facebook director of marketing and sister of Mark Zuckerberg, attempted to answer that question via Twitter on Tuesday as Yahoo faced a shower of mostly negative sentiment. Yahoo brought the wrath of Twitter on Monday, when it filed a complaint against Facebook alleging the latter violated 10 patents relating to messaging, news feed generation, social commenting advertising display, preventing click fraud and privacy controls.
Yahoo on Monday made good on its promise to sue Facebook, alleging in a complaint that Facebook violated 10 patents. The complaint, filed in the U.S. District Court in San Jose, Calif., makes a case that Yahoo innovated on several fronts, including messaging, news feed generation, social commenting advertising display, preventing click fraud and privacy controls. "Facebook was not launched until 2004, 10 years after Yahoo was founded," the complaint reads.
The U.S. Justice Department has accused Apple and five publishers of colluding to keep ebook prices high, according to a report. Some of the parties -- it's not clear which -- have met with the DOJ to settle the antitrust case, according to The Wall Street Journal, which cites "people familiar with the matter" in its report. Such a settlement could result in lower ebook prices, according to the report. Apple reps could not be reached for comment.
Aereo, the startup that aims to help New York City residents stream live broadcast television online, is being sued by Fox, Univision, Tribune Company and PBS. The broadcasters allege that Aereo's service violates copyright laws under the United States Copyright Act and unfair competition statutes under the common law of the State of New York. As we discussed in our review of Aereo, the startup hoped to mitigate some of its legal hurdles when it designed the service.
On the list of things guaranteed to happen from Google getting caught circumventing privacy settings on the iPhone's web browser, you can check off "lawsuit." At least two people are separately suing Google, accusing the search giant of violating federal laws.
“Too Big to Fail” is the albatross of the Great Recession. Now under the specter of a double dip, does the phrase apply to online content distribution as well? On the surface, banks that bet on mortgage securities do not belong in the same sentence as YouTube. So how does the world’s largest content platform resemble Wall Street? Simply, YouTube may be the recipient of a government bailout, albeit a less obvious one.
Looking to earn back some of the $12.5 billion it's spending to buy Motorola Mobility, Google sent a letter to the Institute of Electrical and Electronics Engineers looking for a maximum 2.25% cut of sales for phones that use Motorola's technology, including Apple's iPhone. The letter, which went out to the IEEE on Wednesday, outlines Google's position on Motorola patents if and when the proposed takeover is executed.


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Backers of allowing retail cannabis dispensaries to open in Princeton, as well as those who are opposed to it, staked out their positions at a special Princeton Council meeting March 29.
The featured speakers ranged from the regional organizer for NORML – an advocacy group that has promoted legalization of cannabis, or marijuana – to the Maplewood deputy mayor, a clinical neuropsychologist and a psychologist who specializes in addiction.
Those who favored allowing retail cannabis stores to open in Princeton framed the argument in social justice terms, pointing to the many Black and Brown people who were historically arrested for possession of marijuana.
Opponents countered that it’s about making money and ignoring the potential for mental health and addiction issues to develop. They also dismissed claims that allowing cannabis stores would promote social and racial justice.
A date for the continuation of the forum, which attracted nearly 400 viewers on Zoom, has not been set.
Chris Goldstein, NORML’s regional organizer, reminded attendees that New Jersey voters overwhelmingly approved legalizing cannabis and allowing for its retail sale on a November 2020 ballot question.
Banning cannabis retail stores in Princeton won’t stop people from using it, Goldstein said. If they can’t buy it in Princeton, they will purchase it from a store in another community and have it delivered to their home.
Goldstein said the town would be missing out on the 2% sales tax that would be levied on the sale of cannabis from a retail store. He also dismissed allegations that cannabis stores would bring more crime. Store owners invest in significant security measures, he said.
One of the reasons to opt in and allow for retail cannabis stores is to encourage Black and Brown entrepreneurs to open a store, Goldstein said. Many towns are choosing to create “equity space” in their business districts, he said.
“This is less about cannabis and more about equity. Don’t Black entrepreneurs deserve a chance to be in Princeton? You can create equity space for small businesses,” Goldstein said.
Maplewood Deputy Mayor Victor DeLuca, who said he believed “strongly” in making cannabis legal and accessible, outlined the town’s approach to allowing medical marijuana dispensaries and retail cannabis stores.
DeLuca said the town initially banned retail cannabis stores because “we wanted to make sure we were always on control of the process.” Its first medical marijuana store recently opened.
The Maplewood Township Committee approved an ordinance in December 2021 to allow a variety of cannabis-related businesses – from retail stores to delivery businesses, cultivators, manufacturers, wholesalers and distributers.
The ordinance allows up to four cannabis retail stores and up to five delivery licenses. There is one license each available for a cultivator, a manufacturer, a wholesaler and a distributer, he said.
Would-be business owners/licensees’ applications are scrutinized and earn points, based on eligibility criteria, DeLuca said. They earn up to 60 points in areas such as describing storage and security measures, and a commitment to ensure that at least half of the employees are Maplewood residents.
Additional points are earned for being a social equity business, for being a diversity-owned business and for being a micro-business, DeLuca said. Town officials review the applications and make decisions on who should be licensed.
But Matt Bellace, who is a clinical neuropsychologist and drug prevention speaker, and Aaron Weiner, who is an addiction specialist and a psychologist and former hospital administrator, spoke to the reasons to ban retail cannabis stores in Princeton.
Bellace pointed to Sonoma, California, which had retail cannabis stores. Many of those stores struggled and closed. Big box cannabis stores moved in, so in his mind, Bellace said, “it’s all about money.”
“Any time you have a business that (offers) an addictive product, they need three things – young, vulnerable brains; high-concentration products; and heavy users. That’s what these businesses are all about.”
Bellace said that while cannabis has been legalized in New Jersey, it is still illegal at the federal level. Legalizing cannabis in New Jersey does not mean that every town has to allow for cannabis businesses, he said. It is not mandatory to “opt in,” he said.
“There are some myths we have to dispel. The myth is (legalizing cannabis) will remedy all racial and social justice problems we have in this country. I wish it were true, but sadly it isn’t,” Bellace said.
Weiner, who is an addiction specialist and licensed psychologist, said he decided to speak out because he has worked with people “who are literally the human fallout of these policies (that legalize cannabis or marijuana)”.
“It was absolutely mind-boggling to me to see the commercial addiction-for-profit industry pull the wool over a new generation of Americans. This is not about social justice. People think they are voting for social justice, when what they are actually voting for is THC commercialization,” Weiner said.
Weiner pointed to several recent studies, including one that shows that for people who live within a four-mile radius of a retail cannabis store, there is a greater likelihood of its use, heavier use and more problematic use.
Another study showed that one additional retail cannabis store per square mile in a ZIP code led to a 6.8% increase in the number of marijuana-associated hospitalizations – particularly in areas of color and low income, he said.
Weiner urged the Princeton Council to proceed “thoughtfully.”
“If you are under the impression that there will be no impact to this other than just taking current cannabis users and giving them a legal place to buy it, that is incorrect. The question really is, what are these consequences worth to you?” he said.
“There are other ways to achieve social justice. There are other ways to lift under-served communities than by selling marijuana to them and potentially addicting a new generation of young people,” Weiner said.


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Just when the IPO market finally seemed to be slowing down, AT&T is revving it up again.
Next week, the largest U.S. telco is spinning off its wireless division in what is expected to rank as the largest initial offering ever to hit the U.S. markets. All told, AT&T is seeking to raise more than $10 billion through a massive 360-million share offering.
Despite a market downturn that has propelled a number of companies to postpone stock offerings, market analysts see the AT&T Wireless deal as one that will create its own momentum.
"This one sort of trades in its own world," said Ben Holmes, founder of Ipopros.com. "They're a member of a very exclusive club. When it comes to brand recognition – market strength – there are very few companies that rival AT&T."
Judging by size alone, the much-awaited offering from AT&T (T) stands apart in the crowded ranks of soon-to-be public companies. And it rivals some of the biggest-ever IPOs, including UPS and Goldman Sachs. Last year, AT&T Wireless Group reported revenue of $7.6 billion and counted more than 12 million subscribers.
The company has been aggressively expanding to cover a broader swath of the United States and to develop speedier wireless data services. The company was profitable in 1997 and 1998, but reported a $321 million loss in 1999, the result of heavy investment and price competition from other wireless providers.
The deal also comes as wireless technology – despite a recent stock market dip – remains a popular bet with investors.
Although AT&T wireless is a pricey deal, analysts expect that the popularity of the wireless, combined with AT&T's tremendous clout, will bring in the requisite investors.
"AT&T is really in one of the driver's seats of the wireless market at this point. They have a national footprint, they have a large audience, and they will have high speed data in the network," said Larry Swasey, vice president of communications research at Allied Business Intelligence.
Certainly the investment banks have already been big supporters. AT&T Wireless lined up 17 of the most prominent ones to underwrite its massive offering. Holmes said that's more than he's ever seen on a single deal.
Once the IPO is completed, parent company AT&T will still own the vast majority of shares in its wireless unit. A successful wireless IPO could boost its own stock as well.
"AT&T's taking a real beating lately," noted Craig Mathias, principal at the Farpoint Group.
The company's strategy in separating out its wireless unit isn't too different from that of a lot of large corporations that spin off fast growing divisions as separate stocks.
Such strategies have worked particularly well in the wireless industry. Sprint's (FON) wireless tracking stock, Sprint PCS (PCS), for example, has more than doubled in value in the past year, despite a recent drop. It has a stock market value of $47 billion, nearly as high as its parent company, valued at $52 billion.
Whether AT&T can expect similar added value from its wireless spin-off has yet to be seen. But for investors in the IPO arena, it remains one of the only choices on the calendar for next week.
AT&T's confidence in the IPO market, it appears, is not shared by a lot of other technology companies. As of Friday, few were planning to test the water with initial offerings.
Those that are, which include a $128 million deal from Praecis Pharmaceuticals and a $200 million offering from customer management software developer ClientLogic, will certainly be surpassed in the pre-IPO attention department.


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GRAND RAPIDS, Mich. (WOOD) — A 31-year-old woman and a 6-year-old, from different West Michigan counties, contracted a strain of E. Coli after drinking raw milk from a cow share program.
According to a press release from the Kent County Health Department, the 31-year-old was from Muskegon County and the child was from Kent County. Sources tell 24 Hour News 8 the cow share program that the two drank milk from Green Pastures in Coopersville.
Both of these cases were reported in March and April of this year.
The owner of Green Pastures, Jesse Meerman, spoke to 24 Hour News 8 Friday and said his milk is safe.
“There’s a lot of people who really believe the bacteria that are killed by pasteurization are important in our diets,” said Meerman. When asked if anyone had ever gotten sick from drinking milk from his farm, Meerman replied, “there have been people getting sick, but again, we go back to the milk and the milk’s always tested negative, but it’s impossible to say.”
Meerman said his farm tests samples of milk monthly at a private lab in Grand Rapids. He claimed those tests have consistently come back negative.
“People get sick from time to time and they have to look at everything they’re eating, not just the milk,” said Meerman.
It is illegal to sell raw milk or raw milk products in the state of Michigan, but raw milk can be obtained through herd share programs.
In a herd share program, consumers purchase a share of a cow and are provided raw milk from the farmer as owner of the cow.
These herd share dairy programs are not licensed, regulated or inspected by state or local agencies.
“When we have two people, and both of them we have knowledge that they drank raw milk from the same cow share, that’s pretty strong evidence,” said Eric Pessell, the director of the Environmental Health Division at the Kent County Health Department.
Pessell said the health department does not have jurisdiction to go to the farm and take a sample of the milk.
Contamination of milk occurs when fecal matter is present on the udder of the animal or equipment used to process the product. The CDC reports that unpasteurized milk is 150 times more likely to cause food-borne illness, and results in 13 times more hospitalizations than illnesses involving pasteurized dairy products.
“When we know for a fact, there’s no getting around it, that milk that hasn’t gone through the pasteurization process may contain certain bacteria – bacteria that doesn’t just make you sick, bacteria that can make you lose your kidneys for the rest of your life – you’re gonna be on dialysis – I’m choosing pasteurization for my child hands down,” said Pessell.
He went on to say, “The analogy I can think of [is] to Russian roulette. You’re just waiting for something bad to happen, eventually it probably will.”
If you or someone you know has become sick in the days following consumption of a raw milk product, seek medical attention.
Symptoms of the illness include vomiting, diarrhea, and abdominal pain along with fever, headache, and body ache. Pregnant women, infants, small children, the elderly, and people with chronic illnesses should never consume raw milk products.


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Manufacturers are facing a ‘digital transformation mid-life crisis’. That’s the view of Greg Gorbach of ARC Advisory Group, one of the authors of a new report on digital manufacturing commissioned by Microsoft.
The industry has been “battered by the pandemic, conflicts in Europe, and economic instability; seen its supply chains slow down if not completely shut down; and confronted a labour shortage as one generation of workers retires and another generation has not yet filled the gap,” adds Alfonso Rodriguez Lepage, Microsoft’s director of product marketing for manufacturing.
To build a greater understanding of manufacturing transformation, Microsoft commissioned ARC Advisory Group to conduct a factory digitalisation study. Released in December 2022, The Digital Manufacturing Journey – An ARC Global Analysis provides insights from a survey of 1,024 information technology, operational technology (OT) and engineering technology (ET) decision-makers from North America, Asia and Europe – all of whom have deep knowledge of their status and plans for factory digitalisation over the next three years.
“The main takeaway is that most manufacturers are well on their journey to digitalisation, but continue to face complexities to scale out,” says Rodriguez Lepage.
The ARC survey follows hot on the heels of the IoT Signals: Manufacturing Spotlight report by IoT Analytics, Intel and Microsoft published in August 2022, which provided a scope of manufacturing insights. With the Digital Manufacturing Journey survey, Microsoft wanted to take a deeper dive into the factory-specific challenges.
“The ARC survey provided us with a way to see where there was alignment between the various geographies and decision-makers, and the different views on their digitalisation efforts,” Rodriguez Lepage told Technology Record. “We also wanted to know their thoughts on future investments as well as what is holding back scaling efforts across factories.”
The industry cloud platform aims to simplify and accelerate manufacturers’ transformation journeys. It brings together leading-edge solutions and expertise from Microsoft and its partners, enabling manufacturers to bridge skills gaps and benefit from the opportunities the cloud facilitates.
Since its inception in 2021, Microsoft Cloud for Manufacturing has made it easy for manufacturers to adopt the solutions they need to address pressing business needs – such as building more intelligent factories, creating more resilient and sustainable supply chains, unlocking innovation and improving the customer experience.
One of the major issues impacting how far manufacturers have progressed on their transformation journeys is security.
Rodriguez Lepage explains: “We asked whether they could show return on investment from their digitalisation efforts – and the results show that those further ahead are seeing more benefits and that they don’t see security as the big challenge. However, those that haven’t started the move to the cloud still list security concerns as one of the reasons they haven’t done so yet.”
Working on their digital transformation journey with a trustworthy partner is common ground for the IT, OT and ET decision-makers. “They value industry knowledge,” says Rodriguez Lepage. “Yes, they want hyperscalers, but they’re mostly looking for those that deliver the industry cloud infrastructure and platform at scale. What they value the most is having an ecosystem of partners that are building on that common and shared platform, because that helps them with security, IT/OT convergence and overall scalability.”
Survey respondents said employee security training (38.2 per cent), security monitoring and threat analysis (37.9 per cent) and a dedicated security policy (35.9 per cent) were essential to digitising factories. Rodriguez Lepage says this is especially true as manufacturers build their digital transformation on the cloud, with those in key OT roles showing the most concern about public cloud adoption.
In addition to integrated security and being part of an expansive partner ecosystem, decision-makers across the board said they valued integration with standard productivity tools. “Most of our manufacturing customers are telling us that Microsoft Teams, and Microsoft 365 more broadly, is a mission-critical platform given the changes in the way they work,” says Rodriguez Lepage, referencing the rise in remote and hybrid working. Microsoft has a strong partner ecosystem and has the de facto office collaboration environment for manufacturers that value integrated security tools and being able to deliver integration with standard tools.
One current struggle for manufacturers is the hundreds of different protocols. “Some will have thousands of different vendors, equipment, proprietary protocols and applications that they’re trying to stitch together,” says Rodriguez Lepage. “They’re all looking for help with digitalisation, with IT connectors to the enterprise systems and OT connectors to manufacturing execution systems (MES).
“Connecting them and creating a unified and extensible factory data model also came out as a high priority for manufacturers to accelerate their digitalisation efforts. Ease of use in terms of interoperability with the standard tools is also important.”
The report also focuses on issues such as the energy crisis and climate change.
Rodriguez Lepage adds: “The energy crisis has put a spotlight on investments, but it’s also been good for sustainability. For example, how do you reduce your energy consumption or optimise it?”
Future investment was a key point of the survey, as well as to help guide Microsoft on its next steps for the Cloud for Manufacturing. Executives were given a three-year horizon to look towards. “In terms of the IT, OT and ET responders, there is a lot of alignment on where we are today, but differing views on whether they’re going to stay on-premises or when they move to the cloud,” says Rodriguez Lepage.
“The engineering executives understand PLM, the tools they use to design plants and solutions, so they have more comfort, but also want to keep it close – they want the private cloud. Similarly, the folks in the factory acknowledge there’s benefits to moving to the cloud, but when it comes to MES and SCADA applications, they are much more conservative. If they do, they want to make sure it is tightly managed and secure – there’s still that perception that the private cloud would be the immediate stepping stone.”
“The IT/OT divide isn’t really a divide; it is a natural tension. IT has skills and responsibilities in terms of securing networks and access to systems and delivering things like the enterprise system tools at scale. They clearly understand that space. Similarly, when you look at the operational technology executives, they are more focused on outcomes in terms of quality of product, cost of product, outages and service levels. OT is much closer to the business impact in terms of the plant.”
IT, OT and ET decision-makers are collaborating more than ever, with Microsoft well positioned to help with its strategy of partnership and driving adoption through a manufacturing ecosystem.
“Our investments in Microsoft Cloud for Manufacturing will focus on these capabilities in terms of data model extensibility, composability in terms of low code/no code, making sure that our partner ecosystem is coming along with us, and making it easier to roll out those solutions to the cloud.”
We asked a range of Microsoft partners about their views on Microsoft Cloud for Engineering and digital transformation in the manufacturing industry.
“As manufacturers look to respond to market disruptions, digital manufacturing systems are closing the business-to-plant collaboration gap and improving value chain efficiency,” says Sree Hameed, consumer products industry specialist at AVEVA.
“Business models are blurring. Fuelled by omnichannel solutions, online marketplaces and rapid advances in logistics, many manufacturers are now distributors as well. Business-to-business firms sell direct to consumers,” says Matt Abbott, chief strategy officer at Cavallo.
“Sales have become increasingly complex and legacy processes have become more wasteful. A configure, price, quote (CPQ) solution streamlines the entire configuration and quoting process,” says Peter Willemse, vice president of product management at Experlogix.
“Cloud services provide engineering and management with a way to gather historical and real-time manufacturing data from across the enterprise, and then put it to use,” says Xavier Mesrobian, vice president of sales and marketing at Skkynet Cloud Systems.
Read more from these partners as well as Ansys, Avanade, HiveMQ, isolved and Orbus Software in the Spring 2023 issue of Technology Record.


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Amid a pandemic and civil unrest, Chicago’s mayor chooses to crack down on parties.
New Illinois House bill would prevent local governments from banning Airbnb and other vacation rental services.
City bureaucracy – not consumer complaints – has left thousands of Chicago hosts barred from the Airbnb platform.
As Airbnb begins to remit Naperville’s hotel/motel use tax, some downstate municipalities are considering similar measures.
The mayor’s proposed 2 percent fee would punish short-term rental customers and providers.
Illinois' fifth-largest city is moving to raise taxes on telecommunications and hotels, and fold homesharing into the latter.
Chicago has some of the highest taxes on travelers in the nation.
Chicago Alderman Marty Quinn is attempting to squeeze out home-sharing in the 13th Ward.
Lake Bluff homeowners home sharing with Airbnb were forced to cease and desist by the village zoning board.
It’s no secret Chicago aldermen aren’t friendly to outsider businesses and innovative industries. Here’s a look at some of the most egregious examples from 2016.


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Iran represents a promising market for international pharmaceutical companies
- Study by Roland Berger and ILIA Corporation: Lifting of sanctions opens the Iranian market to international pharmaceutical firms
- Economic growth topping 12 percent per year; population numbering 80 million with another 400 million in neighboring countries
- Pharmaceutical market currently worth some 2 billion dollars and growing at 6 percent per annum, with total healthcare spending set to reach 40 billion dollars by 2020
- 100 Iranian pharma firms and 60 production sites offer potential for partnerships
Munich, January 2017: Since most of the international sanctions against Iran were lifted a year ago, the country has become a promising place for foreign firms to do business. International pharmaceutical companies are no exception: With some 100 Iranian pharma firms on the ground, there is plenty of potential for attractive partnerships. A local involvement holds ample promise: With Iran’s pharmaceutical market currently worth some 2 billion dollars and growing by about 6 percent a year, the country’s annual spending on health is set to reach approximately 40 billion dollars by 2020. Added to that, pharmaceutical companies operating out of Iran will have the opportunity to develop a sizable market of 400 million consumers in 15 neighboring countries.
“International sanctions considerably impeded the development of Iran’s pharmaceutical sector over the past several decades,” said Morris Hosseini, Partner at Roland Berger. “As a result, the opportunities for growth are even greater now.” That said, the Iranian market brings more than just impressive growth potential for pharmaceutical companies. It also holds certain risks for newcomers, according to the recent study by Roland Berger and Iranian consultancy ILIA Corporation entitled “Iran’s pharmaceutical market – Rediscovering a sleeping giant”.
Opening up to the global market guarantees fast growth
The conditions for the pharmaceutical industry in Iran are good, with a booming local economy and gross domestic product (GDP) likely to grow by 12 percent per annum in the coming years. Having previously been cut off from the global market, the country boasts some 60 pharmaceutical production sites, which are currently being refitted with state-of-the-art technology. Not only that, but it also has a well-functioning healthcare market featuring about 100 competing companies, some of which already offer significant expertise in areas like biosimilar manufacturing.
Pharmaceutical companies will find large numbers of highly qualified workers in Iran as well, notwithstanding the fact that the country has experienced a certain brain drain in recent years. And Iran’s geographic position and good relations with many neighboring countries – with whom they share trade agreements and special economic zones – serve to make the country an ideal export hub for developing a market of some 400 million people, in Central Asia in particular. “Politically, it’s all looking good, too,” said Marlon Jünemann, Managing Partner of ILIA Corporation. “Since the end of the sanctions the Iranian government is taking active steps to ensure a stable and open market and is seeking foreign investment.”
First in is best placed
As far as the experts are concerned, now is the right time to secure a competitive edge by getting in to the Iranian pharmaceutical market early. But companies should not rush in ill prepared. The move needs to be well planned: “The Iranian healthcare market has certain specific features which pose both an opportunity and a threat for new market entrants,” said Jünemann. Having been cut off from the world market for so long, the country has established a well-functioning and self-sufficient system spanning licensing and regulatory institutions, including the body that decides whether or not health insurers can reimburse the cost of individual drugs, as well as drug manufacturers, prescribing physicians, state-run and private pharmacies, and patients.
“Foreign firms coming in to the Iranian pharmaceutical market for the first time can benefit from these structures, but they could present problems too,” said Hosseini. “It is therefore crucial to start with an in-depth understanding of the way the local market works, what the regulatory framework looks like, how the corporate culture is expressed and who the competitors are in the domestic market.” Further steps for pharma firms include deciding between exporting their products to Iran or producing them in-country, and seeking promising market niches and suitable partners locally.
All in all, the experts’ study concludes that Iran presents a lucrative playing field for multinational pharmaceutical companies: “Well-planned and forearmed, firms that enter the market soon will undoubtedly have very good opportunities for growth,” concluded Thilo Kaltenbach, Partner at Roland Berger.
You can download the study here:


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It recommends that households should switch their energy provider to secure the most competitive fixed price dual fuel or separate gas and electricity tariffs, instead of languishing on expensive ‘default’ or standard variable rate tariffs.
The Competition and Markets Authority (CMA) has spent a year looking at the way the energy market works and has today published a new report which says there are “a range of problems” with the industry – not least that domestic customers have been paying £1.2 billion a year too much.
Specific mention is made of the ‘Big Six’ energy firms (British Gas, EDF, Eon, nPower, Scottish and SSE), which supply around 90% of domestic gas and electricity customers.
The CMA says: “We calculate that, over the period Quarter 1 2012 to Quarter 2 2014, most customers of the Six Large Energy Firms could have made considerable savings from switching a combination of suppliers, tariffs and payment methods.
“For all the dual customers of the Six Large Energy Firms, average potential gains from switching externally to any tariff offered were equivalent to 14% of the average bill (equivalent to about £160 a year) over the period."
Lack of competition
Competition should be driving down gas and electricity prices as suppliers compete for our business, but it isn’t. The investigation’s chairman, Roger Witcomb, said: “There are millions of customers paying too much for their energy bills.”
On average, bill payers spend around £1,200 a year on energy, but the CMA research found 7 in 10 households are on expensive standard variable tariffs, even though they could be paying less on cheaper tariffs.
Between us, it means we’ve been lining the pockets of energy suppliers with £1.2 billion a year more than we need to.
The watchdog thinks bill payers are either confused by the switching process or simply unaware of the savings on offer – and are missing out on that £160 annual saving as a result.
The CMA also said that recent moves by the market regulator, Ofgem, to reduce the number of tariffs offered by each energy supplier (to four) to encourage switching had not worked.
While the CMA is making recommendations to fix the broken market, MoneySuperMarket is now urging households to take matters into their own hands by switching suppliers.
The watchdog thinks bill payers are either confused by the switching process or simply unaware of the savings on offer
Our energy expert Stephen Murray said: “It’s disappointing that despite a number of high profile changes to the market to stimulate switching, these have failed to make an adequate impact.
“Energy providers have been taking advantage of the long term apathy in the market and it clearly hasn’t been in their interests to encourage customers to move onto cheaper deals.
“Ultimately consumers have to take control of their energy bills and be prepared to switch.
“With energy bills costing up to 10% of household expenditure, for those who’ve never changed their energy tariff, it is vital they take control and switch to a cheaper fixed rate deal, as there are tariffs available for around £900 a year.
“Faster switching times should also encourage consumers to not to rest on their laurels and wait for the CMA to publish its ‘remedies’ for the industry at the end of the year, by then they could have spent far more than they need to heat and power their homes.”
What happens next?
In the short term, the CMA is proposing price caps on the most expensive tariffs until wider reforms to the industry can be made. It has stopped short of recommending that the Big Six suppliers be broken up.
Roger Witcomb said: “These measures can and will help deliver change but we are also aware that we cannot expect an overnight transformation.”
In the meantime, as our expert says, you can make your own savings by switching to the cheapest energy deal. The application process takes around half an hour and you’ll be on your new, cheaper tariff in around 17 days. Click here to get started.
Please note: any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.
* 51% consumers could save up to £231.63. MoneySuperMarket data, May 2015


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14 hrs ago
International Business Times
Minecraft: 1.8 Update's New Terrain Generator Explained; Xbox 360...
Mojang, the developers of sandbox video game Minecraft, have revealed the working of a new feature - terrain generator - in the upcoming 1.8 update for Minecraft, via a new video.
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Thu Apr 17, 2014
'Minecraft' Candy Texture Pack hits Xbox 360, 4J focuses on Xbox One, PS4, Vita
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Sun Apr 13, 2014
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THE credit crunch is hitting the property market in the Paphos region of Cyprus. Other businesses are also being affected including restaurants and hairdressers according to a report in today’s Cyprus Mail. It seems that the only ones seeing a boom are the charity shops.
Credit crunch: Paphos feels the squeeze
Businesses and charities in Paphos are already feeling the effects of a slowing economy, as people try to curtail spending habits.
Small businesses and charities seem to be the worst affected, as consumers manage their money with ever greater care. Paphos is feeling the brunt of the problem because of its dependence on the British expat market – particularly hit by the credit crunch.
For Monica Antoniades of Capital homes in Paphos, the global financial crisis “is definitely affecting us“. Capital homes were established in the UK more than 30 years ago, and have had offices in Cyprus for the past five years.
“The last three months have seen a massive reduction in the number of house purchases being completed. I would estimate we’re already down about 90 per cent compared with the same period last year,” she said.
“People are still eager to buy in Cyprus, but I think they’re exercising caution, and waiting for the situation to stabilise before taking the plunge.”
Antoniades added that rentals of apartments and houses were up though, “and I think this is because of people waiting to see the outcome, and also there’s an increase in younger families moving here from the UK. I think they’re coming out to Paphos and testing the ground first, before committing themselves to buying anything.
“I’m hoping things will improve,” she said. “There are still people who can’t afford to buy in the UK, and they’re moving out here. People are just taking a more sensible approach.”
The property market isn’t the only sector to suffer; food and drink outlets are also experiencing a drop.
Restaurateur Yiannis Solomou owns the popular Jade Palace Chinese Restaurant in Coral Bay and Porto Bello in Kato Paphos.
He told the Cyprus Mail, “Trade is down all over the world, so of course Cyprus is being affected. When the UK is down, we’re down because we’re so dependent on this market.
“I would estimate that in the last three months, our trade is down at least 30 per cent on the previous year, and guests are tending to spend less when they go out to eat.”
Solomou said repeat custom was still there, but visits were less frequent than when the financial market is buoyant.
“Cyprus is too expensive for the British market, and I think we need to lower our prices.
The government must do something to help. For example, airport taxes could be lowered. I haven’t raised my prices for two years. We have to make sure we give the best to help us survive this crisis.”
Beauty shops, spas, nail salons and hairdressers, are all noticing a fall in custom.
Mandy Maskell of Golden Girl hairdressers in Paphos said, “I’ve noticed a decrease in the number of people getting their hair done in the last three months. I would say it’s dropped by at least 15 per cent. Clients are still coming, but just not as regularly,” she added.
According to Maskell, it seems the group worst affected is the older generation, as they’re receiving a poor rate when they exchange sterling UK pensions for the euro.
“I hope we will be able to weather the storm, and I’m lucky to have a loyal client base. I’m aiming to keep the prices low and giving good service. The important thing in situations such as this is not to be greedy,” she said.
The only ones seeing a boom in business are charity shops.
Caroline Harman-Smith, the social event organiser for the Paphos Friends hospice charity, confirmed the trend: “We’ve just had our best month ever. In October, I believe our takings were around €7,000.When you consider the nominal sale price of each item, you realise that’s a lot of sales,” she said.
The charity has two shops, one in Chlorakas in Paphos, and a further one in Pissouri.
“We’ve had the shops for about two years, and takings are steadily rising. When there’s a credit crisis, people have less money to spend on clothes and household items, and many people turn to thrifty spending and recycling,” she confided.
But although shop takings may be up, Harman-Smith expressed concern over social fundraising events.
“I was organising a mid-summer ball, but we had to cancel it as we didn’t sell enough tickets. People just don’t have the money to spend on these occasions at present, and charities will suffer.
“I’m having to look at cheaper ways to raise money for the hospice, as the support is there, but people are tightening their belts.”
Bob Windsor, the deputy director of the Cyprus Samaritans agreed sales figures for their charity shop were healthy.
“October was a good month for sales in our charity shop in Paphos, as people are watching what they spend; they will try and find alternative sources to purchase clothes. We sell shirts for as little as €1, and I think we’ll see sales figures increase over the coming months,” he said.
By Bejay Browne
Copyright © Cyprus Mail 2008


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Former store clerk charged with fraud
Investigators with the Troup County Sheriff’s Office announced Monday afternoon they charged a former convenience store worker with financial transaction card fraud, theft of a financial transaction card and theft under $1,500.
According to TCSO Chief Investigators Mike Caldwell, the employee — identified as Tavon Copeland, 22, of Troup County — allegedly took money from the Money Back store at 4630 Hamilton Road.
Investigators allege Copeland also took a customer’s financial card.
Copeland was booked into the Troup County Jail. He has posted bond.
By Melanie Ruberti firstname.lastname@example.org A picture taken by the driver of a truck hit by a Volkswagen Jetta that was... read more