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“This stock is absolutely undervalued,” said Money Morning Capital Wave Strategist Shah Gilani on the FOX Business program “Varney & Co.” this morning. “They’re going to buy more shares, they’ve got so much cash. This stock is going to continue to grow.”
Currently trading at about $118.50, Apple Inc. (Nasdaq: AAPL) stock has a laughably low price/earnings ratio of 13.63. It’s forward P/E is just 10.88.
To get an idea of how cheap AAPL stock is right now, compare that to the P/E ratios of fellow tech giants Microsoft Corp. (Nasdaq: MSFT) and Alphabet Inc. (formerly Google Inc.) (Nasdaq: GOOGL, GOOG). The Alphabet P/E is 30, while Microsoft’s is 35.44.
The P/E ratio for the Standard & Poor’s 500 is just below 22. If Apple had a P/E of 22, it would trade at $190 a share – a 61% gain from the current Apple stock price.
So where is Wall Street going wrong?
Two related issues keep tripping up the “experts.” One is that Apple is too dependent on the iPhone. The other is that sales in China have become Apple’s primary source of growth.
It’s true. The iPhone represents about two-thirds of Apple’s revenue and profit. Although Greater China was just under 25% of Apple’s revenue in Q4, the year-over-year growth in that segment has been phenomenal.
In the Q4 Apple earnings, sales in Greater China (which includes Hong Kong and Taiwan) grew 99% over the same period last year. Total iPhone sales were up 120% in mainland China.
Many perceive this as a major risk for Apple stock. They speculate on the impact of a slowing Chinese economy, or the possibility that consumers will abandon the iPhone for lower-priced competitors.
And they might have a point if any of that was happening. Meanwhile, they’re overlooking a far more obvious and more likely possibility – that China will fuel massive sales growth for Apple over the next few years.
Here’s what I mean…
How China Will Help Push Apple Stock Higher
First of all, concern over the iPhone’s outsized role in Apple earnings assumes that the product has peaked, or that something else is on the verge of replacing the smartphone. Both will happen someday, but are years away.
And China is much less of a risk than it is a huge opportunity.
Money Morning Chief Investment Strategist Keith Fitz-Gerald pointed out that the perceived slowdown in China isn’t a sign of a failing economy, but the hiccups of a giant economy in transition.
“The Red Dragon has had the world’s largest GDP for 18 out of the past 20 centuries,” Fitz-Gerald said. “They will again as Chinese consumers set their sights on the things we take for granted in the West including homes, cars, appliances, electronics, travel, and education for their children.”
Not only is Wall Street wrong about the Chinese economy, they don’t understand the Chinese consumer.
Take the assumption that cheap smartphones running Android would undermine iPhone sales. Over the past year, Apple has jockeyed with Xiaomi Inc. and Huawei Corp. for the top rank in smartphone market share in China.
According to Counterpoint Monthly data, Apple was first in February and March, fell to third through the middle of the year, then jumped back to No. 1 in September. The September numbers put iPhone market share at 19%, with Huawei at 17% and Xiaomi at 16%.
But the point is it doesn’t matter who’s No. 1 in any given month, but that the iPhone’s appeal to Chinese consumers has remained consistent.
It’s because Apple isn’t selling a generic piece of hardware, but a complete ecosystem. Apple is expanding its chain of retail stores in China and has introduced Apple Music there. Revenue from the App Store in China grew 127% in Q4.
Just as key is that Apple is perceived as a luxury brand and status symbol in China.
When you think about it, the Chinese middle class are buying iPhones for the same reasons as the U.S. middle class. And the iPhone has a 44% share in the United States.
The difference – and a big part of Apple’s opportunity – is that China’s middle class is growing much faster.
What China’s Middle Class Will Do for AAPL Stock
In the analyst conference call, Apple CEO Tim Cook noted that the Chinese middle class stood at 50 million five years ago and will be 500 million five years from now.
A Credit Suisse Group (NYSE: CS) report released two weeks ago put the current size of China’s middle class at 108.76 million, bigger than its estimate of the U.S. middle class of 91.86 million.
Think about it. Apple’s Greater China revenue in Q4 was $12.52 billion. A five-fold increase in the size of China’s middle class may not translate to a five-fold increase in Apple’s revenue there, but it’s hard to imagine it won’t at least triple.
Let’s do some back-of-the-napkin calculations. Roughly tripling Greater China sales would add $25 billion in revenue and about $5.39 billion in profits, or $0.95 per share.
That means China alone will add at least $3.80 per share of earnings over the next five years. Even at a P/E of 13.63, that puts the AAPL stock price at about $169.
And that’s not counting the contributions of such new Apple ventures as the Apple Watch and Apple TV or future products like an Apple Car. Nor does that include iPhone growth in other emerging markets, particularly India, where Apple recently partnered with India-based electronics chain Croma to create a “store within a store” program.
Underestimating the Chinese market – and Apple’s ability to exploit it – is why AAPL stock isn’t trading higher.
Someday Wall Street will realize that. But in the meantime, Apple stock is a steal.
The Bottom Line: Wall Street worries over the Chinese economy and how the iPhone dominates Apple earnings have resulted in a severe undervaluation of AAPL stock. With the Chinese middle class expected to grow five-fold over the next five years, Apple will have more than enough customers to sustain healthy iPhone sales growth.
We’re in the midst of the greatest investing boom in almost 60 years. And rest assured – this boom is not about to end anytime soon. You see, the flattening of the world continues to spawn new markets worth trillions of dollars new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially; and a technological revolution even in the most distant markets on the planet. And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come.


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VAN NUYS, Calif. — Pure Play Media and Trans 500 have announced the release of their latest DVD title, “Transsexual Sexcapades.” a new title featuring the city’s sexiest, horniest and most eager TS call girls.
“Transsexual Sexcapades” stars Daisy, Alessandra Ribiero, Nina Lawless, Juliana Souza, Rafaella Ferrari and Eva Lin.
“This new release is premium TS content with a twist, this time starring six of the industry’s most popular performers known for their enthusiasm and on-camera antics,” Pure Play Media Sales Representative Mike L. said. “Trans 500 has built a loyal fan base thanks to its attention to detail and true understanding of what their fans want to see, and the girlfriend experience theme is always a top TS seller.”
Trans 500 is available exclusively in the U.S. through Pure Play Media.
For wholesale orders, e-mail firstname.lastname@example.org, or call (800) 929-3267 (x2224).

domain: news


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Among the passengers on the flight, coded TG926, were 20 travel agents, tour operators and seven members of the media taking part in a famliarisation trip organised by the TAT.
The “fam trip”, from Nov 17-23, will give journalists and tour operators a taste of Phuket and the surrounding areas.
“This new TG route shows how popular the island of Phuket is as a holiday destination for long-haul visitors and confirms that confidence in Thailand is high among European travellers. There is so much to visit in Phuket and in nearby provinces,” TAT Governor Yuthasak Supasorn said at Phuket Airport today.
“Supporting the campaign ‘Discover Amazing Stories in Amazing Thailand’, we want this fam trip to showcase some of the unique Thai activities people can enjoy here, not to mention the welcoming hospitality to be found on the Pearl of the Andaman.”
The travel agents, tour operator representatives and media members will visit Khao Lak in Phang Nga and explore the old town of Takua Pa, with its Chinese business and markets.
The fam trip will also provide the opportunity for the visitors to see first-hand the community-based tourism at Tha Din Daeng in Phang Nga and learn about how the local fishermen live and work.
There will also be a trip to the Coastal Fisheries Research and Development Centre in Thai Muang, where turtles will be released into the sea.
“The fam trip will also take the visitors to explore four islands in Krabi by longtail boat and experience community-based tourism in Ko Yao by visiting rice and coconut farms; learn about rubber tapping, and see displays of local craftsmen,” said a TAT release issued today.
“The fam trip has been designed to give a taste of the luxury experiences in and around Phuket as well as eco-friendly and community based activities, all of which are increasingly popular with European tourists,” the release added.
Frankfurt-Phuket flights TG926, serviced by a Boeing 777, will operate three flights a week – Wednesdays, Fridays and Sundays.
Last year, Thailand welcomed 760,604 German visitors to the Kingdom, up 6.34 per cent, generating about B47 billion tourism revenue, reported the TAT.
From January to August this year, Thailand welcomed 536,422 German visitors, up 10.18% on the same period last year.


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"We are honored to receive this award," said Craig Rickenbach, CEO and co-founder of Persnickety Clothing Company. "Our customers have been the biggest part of our success along with our retailers, who believed in the company as much as we did and flocked to support us in our business from the start. It's a testament to what people can do when they're united behind a cause."
Persnickety has a unique cause-related business model that enables it to deliver quality, US-made clothing to brick and mortar stores and online retailers around the country, while focusing a significant amount of its profits on global-reaching philanthropic endeavors, like providing school uniforms to children in Nicaragua or replenishing grain silos in villages ravaged by flooding in Central America.
"We wanted to create a company that was not only good at what it does but also good to other people as well," said Corinne Rickenbach, chief designer and co-founder of Persnickety Clothing. "Our focus has always been to share with those less fortunate and try to leave the world better than we found it. Nicaragua has been a great place for us to start."
The focus on giving back has paid off handsomely for Persnickety as the UVEF Award attests. Persnickety now joins the ranks of some of Utah's most prosperous companies, such as ZAGG, Altiris, Omniture and Xango, that are among the more than 200 companies recognized since the UVEF Award was created.
"Every year, the list of recipients for the Award is truly astonishing," said UVEF board member, John Pilmer. "This year was no exception, and Persnickety was a standout winner among our judges. We are pleased to honor them."
Founded in 2008, Persnickety Clothing Company designs and manufactures totally unique girls clothing that has been characterized as vintage with a fanciful twist.
Persnickety Clothing Company
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The V3 chargers have a charging capacity of up to 250 kW, while the V2 Superchargers have a charging capacity of up to 150 kW. However, Tesla will not be replacing all V2 Superchargers with the more powerful V3 units any time soon, but they promise future improvements. There are currently 23 locations in the Netherlands where Tesla has its Superchargers, a total of 384 charging stations.
The peak power that the car battery receives is determined by factors such as the size and age of the battery and the ambient temperature. Under ideal circumstances, a Model 3 Long Range could theoretically rake in 120 kilometres of range in 5 minutes.
Tesla’s Superchargers are not available to owners of other electric vehicles.
Tesla reported a modest decline in new-car deliveries for the second quarter, as sales in China in other foreign markets helped the company weather the coronavirus pandemic in the United States.
The company said it delivered 90,650 cars in the quarter, down 5 percent from the 95,365 it sold in the same period in 2019. It sold 88,496 cars in the first quarter of 2020, when most of the company’s operations were largely unaffected by the virus.
Local officials forced Tesla to shut down its main car factory, in Fremont, Calif., in March. Two months later, the company restarted production earlier than it was authorized to do so after its chief executive, Elon Musk, criticized stay-at-home orders as “fascist.”
Note added June 26, 2020 » This should have been a good news story for both Kia and Dodge. Instead the media (including this site) is focused on Tesla’s terrible ranking.
J.D. Power’s Initial Quality Study, now in its 34th year, examines problems experienced by purchasers and lessees of new 2020 model-year vehicles during the first 90 days of ownership. According to J.D. Power, Initial Quality has proven to be an excellent predictor of long-term reliability, which has a significant impact on owner satisfaction and brand loyalty.
This is the first time a Detroit automaker topped the list in 34 years. The Dodge Durango and Dodge Challenger models both scored very high in their segments.
Kia tied Dodge and maintained its six-year streak as top-ranked auto brand.
Tesla, which outdid perennially bottom-ranked Land Rover, has traditionally refused to cooperate with outside researchers like J.D. Power. Perhaps we now understand more the reasons for this.
The J.D. Power IQS results vindicate the many reports from owners, journalists, and analysts concerning Tesla’s persistent production quality issues. J.D. Power is well respected in the industry.
That mindset doesn’t appear to have changed as the newest Model Y is experiencing many of the same difficulties and widespread defects that have afflicted earlier models.
Hype and being first to market has proven profitable for Elon Musk and shareholders, and they have built up a fan base. However, if Tesla does not improve quality, they will not be able to grow their base into paying customers at a time when other manufacturers with much better reputations for quality products are rapidly bring EVs to market.
Tesla is not about to go the way of Edsel any time soon. But just as there will always be a market of Land Rover, there will always be a fans of Tesla.
The Dodge brand, long a quality laggard, surged to take the top spot in the 2020 Power IQS, tying Kia, while toppling traditional benchmarks including Korea’s Genesis, Japan’s Lexus and Germany’s Porsche.
If anything, Porsche plunged to the lower quartile in the latest quality study, while Lexus and Genesis also slid sharply down the list. But no one fared more poorly than Tesla. Covered for the first time in the IQS, the California EV maker was, by far, posted an industry-worst score, underscoring recent reports of endemic quality issues impacting its line-up and, in particular, the new Model Y battery-SUV.
The 20 percent improvement in range over the previous variant comes after Tesla CEO Elon Musk publicly took issue over the 391 mile rating, claiming EPA officials left the door ajar and the key in the test vehicle overnight, both of which drained the battery a little. I would have thought a modern and sophisticated battery electric vehicle would have developed software and systems to combat these human errors. The EPA refuted Musk’s claim. Did the squeaky wheel just get the grease?
To squeak out the extra range, Tesla installed several upgrades in the latest version of the Model S Long Range. Tesla says the “standardization of Tesla’s in-house seat manufacturing” lead to a significant weight loss. The automaker also redesigned its aero-focused wheels and used different tires specifically engineered to reduce rolling resistance. An electric oil pump replaced a mechanical version, and the gearbox was tweaked in some way that helped contribute to the increased range.
Tesla engineers reworked the Model S’s regenerative braking system, too. A new drive feature called HOLD “blends the motor’s regenerative braking with physical brakes to bring our cars to a stop by easing off of the accelerator pedal.” This system works at a lower speed than previous iterations and can send more energy back to the battery pack.
Tesla Inc has received government approval to build Model 3 vehicles in China equipped with lithium iron phosphate (LFP) batteries, a document on Ministry of Industry and Information Technology website showed.
Tesla Inc.’s Elon Musk told employees the electric-car maker is having issues boosting output of its new Model Y crossover and said he’ll be walking the assembly line on a weekly basis to troubleshoot production snafus.
It is extremely important for us to ramp up Model Y production and minimize rectification needs. I want you to know that it really makes a difference to Tesla right now.
Model Y, especially GA, is the top priority for both production and manufacturing engineering. GA4 is also top priority for facilities improvements. For those working in GA4, thank you for bearing with tough conditions. Will get better fast. I will be walking the line personally every week.
We are doing reasonably well with S, X, and 3, but there are production and supply chain ramp challenges with Model Y, as is always the case for new products.
Please let me know if there’s anything I can do to help.
Tesla Inc. is proffering a decidedly different take on the coronavirus-related shutdowns CEO Elon Musk called “fascist” and sued over weeks ago by suggesting they may bolster the case for banning internal-combustion engine cars.
In its 2019 Impact Report released Monday, Tesla pointed to sharp improvements in air quality in recent months tied to restrictions on business and travel aimed at containing the spread of COVID-19. The company said the drop in pollution could embolden governments that already have been making plans to eventually ban vehicles that run on fossil fuels.
“It is not hard to imagine that many cities could become electric-only in the near future as they begin to witness the impact that ICE vehicles have on air quality,” Tesla said in the report.


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Anchor Bay Preparing 35th Anniversary HALLOWEEN Blu-ray!
The greatest horror film of all time turns 35 this year, and Anchor Bay has something brewing that already sounds like a “must own” release. John Carpenter’s HALLOWEEN is set to receive a 35th year anniversary Blu-ray release courtesy of Anchor Bay, and they’ve revealed that Carpenter has reunited with Jamie Lee Curtis for a brand new commentary track!
No street date or additional extras have been announced yet, but I’m assuming/hoping a bevy of features are included along with a new transfer that reinstates cinematographer Dean Cundey’s signature blue hue.
*Editor’s Note: Thanks to the folks over at Halloweenmovies.com, it’s been announced that Cundey is indeed supervising the transfer!


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After the market closed on Tuesday, several interesting media-related items hit the wires.
The battle for dominance in the kids’ cable television market was underscored by announcements from Time Warner’s (TWX) Cartoon Network and Viacom’s (VIA)(VIA.B) Nickelodeon. Cartoon Network said it “finished July as the highest-rated ad-supported cable network with kids 2-11 in prime time, posting a 4.7 rating, and the second-highest-rated network with households in prime time, posting a 2.0.”
“Moreover,” the network said, it “won prime time in household ratings on 12 nights in July -- more than any other basic cable network.”
Nickelodeon, on the other hand, said that during July it “outdistanced the nearest cable competitors, Cartoon Network and TBS Superstation. On a 24-hour average, Nickelodeon outperformed Cartoon Network … by 29 percent in rating and 57 percent in household delivery, and TBS … by 48 percent in rating and 44 percent in delivery.”
Further, Nickelodeon said the July Nielsen Media Research figures bore out its claim to being “the number-one basic cable network.”
Well, the thing to remember here is that both networks are significant cash cows for their companies; for Time Warner, Cartoon Network is an obvious distribution vehicle for the vast Warner Bros., MGM and Hanna-Barbera cartoon libraries, one that helps facilitate merchandise sales and keeps the brand viable for movies like “Space Jam.” For Viacom’s Nickelodeon has established new kids’ brands, both in animation (“Rugrats,” “Doug,” “CatDog,” etc.) and live action (“All That,” “The Brothers Garcia”). Merchandising and movie tie-ins have made billions of dollars for Sumner Redstone’s company.
Clear Channel closes SFX buy
Clear Channel Communications (CCU) closed its acquisition of live entertainment promoter SFX Entertainment on Tuesday. Analysts have applauded the deal because concert promotion dovetails with Clear Channel's radio and outdoor advertising units.
Beasley breezes past cash flow views
Beasley Broadcasting Group (BBGI) said its second-quarter after-tax cash flow rose 61 percent on the contributions of newly-acquired radio stations and solid ratings in pre-existing markets.
After-tax cash flow jumped to $5.2 million, or 21 cents a share, from $3.2 million, or 18 cents, in the same period last year. Analysts polled by First Call were looking for a figure of just 16 cents. Shares rose 1/16 to 15 7/16 ahead of the news.
Disney earnings preview
You should always read between the lines when you look at an earnings report, but that rule of thumb will apply more than usual when Walt Disney Co. reports its fiscal third-quarter results.
On average, analysts polled by First Call expect the entertainment giant -- which never reveals in advance the precise date of its earnings announcements but is expected to report soon -- to post a profit of 14 cents a share, compared to 18 cents in the same period last year.
Bear in mind that beginning with the June period, the results include losses associated with Go.com, the company’s Internet segment. Earlier, excluding Go results, the average estimate of the First Call respondents was 24 cents a share.
Though its broadcast and cable networks should continue to post strong advertising growth, Disney will be hampered by tough comparisons with home video results in the same period last year, as well as ongoing problems in its consumer products segment, analysts said.
Much of the momentum that propelled Disney (DIS) shares to a 52-week high of 43 1/8 on May 1 from a Jan. 3 close of 29 7/8 had to do with ABC’s blockbuster 1999-2000 season, and yes, here is yet another mention of “Who Wants to Be a Millionaire.” The Regis Philbin-hosted quiz show, easy answers, dramatic music and all, lifted the network to an easy ratings victory in both total households and the key 18-49 demographic.
ABC’s strength continued to be a big story in Disney’s third quarter.
During the period, the network sold well over $2 billion in advertising for the fall 2000 season, said Merrill Lynch analyst Jessica Reif Cohen, as advertisers lined up to buy time for four primetime nights of “Millionaire.”
ABC was able to command as much as 20 percent more for each thousand viewers those spots were projected to reach than it could at the same time a year earlier.
The company’s ESPN, the most successful cable network in existence, posted strong increases in ad revenue, as well. Yet, says David Miller, analyst at Sutro & Co., there will be some “softness” in the cable business because of start-up costs at new networks, including SoapNet, a 24-hour soap opera channel; Toon Disney, and international channels. In addition, ESPN found itself coughing up higher rights fees to air baseball, hockey and NASCAR events.
Cohen estimates that operating income at the cable networks will drop 13 percent to $240 million.
In Creative Content, the segment that includes Disney’s theatrical films, television productions and consumer products units, Cohen sees cash flow plunging 51 percent to $55 million.
The problem? In last year’s June period, Disney had solid home video success with the digitally animated “A Bug’s Life” and the Will Smith-Gene Hackman action thriller “Enemy of the State.” This year, releases such as “The Insider” and “Dogma” will have a hard time measuring up.
Looking ahead to the current period, however, things should improve, said Miller.
“There are two direct-to-video titles, ‘Little Mermaid 2’ and ‘Buzz Lightyear,’ which I anticipate to be immediate hits in the family-oriented market,” Miller said.
Among theatrical films, another digital animation showcase, “Dinosaur,” “should pass the $400 million mark worldwide,” Miller predicted. And “Scary Movie,” Keenan Ivory Wayans’ send-up of the horror genre, “should be tremendously profitable” in the September quarter.
Miller believes it will take “three to four quarters” to turn around the consumer products division, which has long been a blight in the Disney world. “I wouldn’t be surprised at all to see Disney enter into some direct relationships with mass market retailers, similar to what Martha Stewart did with Kmart.
The company will also roll out redesigned Disney Stores in a couple of key test markets soon, Miller said.
Getting back to the fiscal third quarter, theme parks, usually a bright spot for the company, should again be a positive, Cohen said. She sees operating income rising 12 percent to $555 million.


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3D printed food is currently in its infancy. And it’s pretty grim. If you do get the chance to try it, you’ll probably be eating a sloppy pizza or weird chocolate shapes. But amazing things are coming.
A Dutch industrial design student called Chloé Rutzerveld has come up with something totally unique. Rutzerveld calls it her Edible Growth Project. It’s a simple idea but amazingly intelligent and could change the way we eat. So what is this revolutionary new food? Rutzerveld has designed a 3D printed biscuit with seeds in it. A 3D food printer prints the biscuit base, then the biscuit is left for a day or two. The biscuit acts like soil and the food “sprouts” in it.
Says Rutzerveld, “Edible growth is a future food concept that forms the bridge between new technologies and authentic practices of growing and breeding food. New technologies have always influenced our eating habits, food supply chains, preparation methods and introduced entirely new food products to the market. With the rise of more high-tech food and new production methods consumers are becoming increasingly more concerned about the quality and ‘realness’ of the food and their health.
“So why are we using additive manufacturing techniques to create fancy shapes of chocolate, sugar and dough? Starting from this critical view, I made it my mission to find a way to use this technology to create healthy, functional food. Food that could contribute in solving world food problems and environmental issues.
“The consumer becomes the farmer and will be more involved in the production of their food, without spending a lot of time gardening. The farmer will become the supplier of the raw materials.”
While Rutzerveld hasn’t got the huge investment cash that other experimental projects have, it is another example of the move away from conventional farming. Yes we still need the “base ingredients” for the printer to make the biscuit base. But, the idea is tantalising. Self-grown fresh food that doesn’t need to be transported hundreds of kilometres is a very tempting idea.
Because only the raw materials have to be delivered, the food production chain is very short. Produce does not need to be transported from the field to distribution centre and eventually to the consumer. It’s printed directly and on demand.
Most of all, Rutzerveld wants people to eat better. The idea of a biscuit full of fungi may not appeal to everyone. But we should all give it a try, because you never know, this may end up being the start of something beautiful.


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Pig infertility in Spain could mean problems for humans too
Zaragoza - In 2010, there was a mysterious drop in pig fertility in various farms, located all over Spain. Since then, a Spanish scientist has investigated the situation and it seems her findings could have serious implications for us humans, too.
Up to half our food ends up in the trash, says new British study
Buy one get one free, often means buy one and bin the other one reports a new British study on food waste from the UK’s Institution of Mechanical Engineers titled Global Food, Waste Not Want Not.
France bans BPA in food packaging
The French government has voted to ban the use of bisphenol A (BPA) in food contact materials. This will impact how foods are packaged and sold in France.
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One of today’s worst phobias is getting hacked. That’s because not only are we at risk, but the companies and institutions that have our most vital data as well, from banks to big government—we’re vulnerable no matter what we do. All the protection in the world might not prevent our information from getting stolen out of businesses and corporations whose security systems have been compromised and whose data have been breached.
What Is A Data Breach
A data breach is the intentional or unintentional release of secure information to an untrusted environment. Information might be accidentally or deliberately released, or stolen for use by others. Data breaches may involve financial information such as credit card or bank details, personal information such as name and address, identifiers such as Social Security number and Driver’s License Number, content such as emails or letters, and even medical information.
Data breaches are considered to be one of the biggest online security threats in the world due to their potentially devastating effects on customers, businesses, governments, and even entire countries. They can result in anything from lost revenue through unauthorized access to payment card details, to damage to reputation that may lose a business customer.
The 5 Most Costly Data Breaches Strategies
A list of the biggest data breaches would be considerably extensive, and let’s not forget all the unreported ones that never make headlines, but still cause plenty of damage. Here are the five most costly data breaches we’ve seen so far:
The data of a good 60 million users were stolen during this hack in 2011, and caused about $4 billion in damage. It was thought that the data had been protected using strong encryption, but hackers still managed to break into systems and steal information.
The leaked personal information of about 160 million people in 2017 proved that financial security companies are also vulnerable to hacking criminals. The breach caused $700 million in damages.
This 2006 data breach compromised the protected information of about 26 million veterans, and all because one employee left unencrypted data on an external hard drive, which was later stolen. The data seized included Social Security numbers. Resolving the breach cost up to $500 million.
Even though they waited until 2016 to reveal the damage, the huge Yahoo data breaches in 2013 and 2014 saw a whopping 3 billion user accounts get hacked, along with an additional 500 million. Together, they represent the largest data breach in history.
Reparations for damages were settled at what amounted to $117.5 million, but if you add the $350 million cut from the original price for which Verizon was acquiring Yahoo, you get a total cost of almost $470 million in losses because of the hack, and because of Yahoo’s failure to disclose what occurred.
The data breach in 2013 cost the retail giant the data from 40 million customer credit cards, and after a long list of payments to settle a long list of damages and lawsuits, the final tally of all long-term consequences by 2017 reached around $300 million.
How to Prevent Data Breaches
There are several ways to protect yourself against these attacks, starting with your own behavior. Make sure you’re never the one who starts the attack by clicking on phishing links, opening suspicious emails, or downloading files from untrusted sources. You should be cautious in every step of the online process, especially when it comes to banking and shopping websites.
You should also make sure to keep any passwords you use as secure as possible and make sure they’re unique for each account. Those who want to go the extra mile can activate two-factor authentication on their accounts, which makes it impossible for attackers to access them unless they have your phone in their hands (or at least the code that only you should know).
Companies can prevent data breaches by making sure their employees are aware of the need for security in all online activities, and by hiring cybersecurity experts to protect themselves against future threats. They should also improve protection on sensitive data so that it becomes almost impossible to access without authorization.
There are plenty of lessons to be learned from what we’ve seen so far, and there’s no telling how long it’ll take for the next data breach of this kind to occur. But one thing is certain – it will happen again at some point. It’s just a matter of time before another company fails to secure its users’ sensitive information.
So, before you give away any private data, make sure it’s going to a trustworthy source. If you’re not completely certain about the website asking for your information, don’t give them anything. Remember that companies should be working harder to protect their users from scams and identity theft because without that effort from both sides, all the money and efforts to resolve consequences after a data breach will just be a waste.
Sunvera Software develops next-level software applications from start-to-finish. We are a premier software and mobile app development agency specializing in healthcare mobile app development, custom mobile app development, telehealth software, sales dashboards, custom mobile app development services, retail software development, supply-chain software, ecommerce, shopify, web design, iBeacon apps, security solutions and unified access software.
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Schedule a free 30-minute call with us to discuss your business, or you can give us a call at (949) 284-6300.


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ZilArena is the first release on the V3 update of ZilChill. It is a decentralized platform to host, play, manage and organize battle arenas.
RedChillies Labs team is planning to release its biggest update “V3” as a part of “Moruga” phase. This will be branded into 3 dApps. token.


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Officials promote ‘Sweet Grown Alabama’ branding for local products — ‘Safest way to shop during pandemic’
MONTGOMERY — Prominent officials from Alabama’s public and private sectors, including Governor Kay Ivey, joined together at the Capitol steps on Wednesday to publicize the new “Sweet Grown Alabama” brand that is meant to promote products grown and made in the Yellowhammer State.
The Sweet Grown Alabama website features a database of Alabama products and farms from across the state that consumers can use to see where they can buy local in their area.
“Everything that is grown in the state of Alabama can be found on our website,” said Ellie Watson, director of the Sweet Grown Alabama initiative.
Multiple officials stressed the lack of coronavirus risk in buying local.
“What’s a safer, healthier food than when you know it is just one other person who has ever touched your food?” Agriculture Commissioner Rick Pate asked rhetorically in regards to keeping farmers’ markets open during the pandemic.
“When you buy from a local farmer, you know exactly how your product has been grown, and exactly whose hands have been on that product,” added Watson, who also said buying local was the “safest way to shop during the pandemic.”
Ivey declared July 22, 2020, “Sweet Grown Alabama” day across the state on Wednesday, and visited several of the stalls set up as part of a pop-up farmers market in downtown Montgomery.
Ivey said one of the goals of the Sweet Grown Alabama brand was to “increase demand for Alabama grown goods.”
“Sweet Grown Alabama focuses on helping consumers identify and purchase locally grown products,” added the governor.
Ivey was joined by Pate, Watson, Montgomery Mayor Steven Reed, Alabama Farmers Federation President Jimmy Parnell and PowerSouth Energy Cooperative Vice President Horace Horn for the event.
Pate, Horn and Parnell are all board members of Sweet Grown Alabama.
Sweet Grown Alabama is incorporated as a 501(c)6 business association that exists as an independent offshoot of the Alabama Department of Agriculture.
The founding sponsors of the program are the Alabama Dept. of Ag, ALFA Farmers, Alabama Farmers Co-op, Poarch Band of Creek Indians, Alabama Association of RC&D Councils, First South Farm Credit and Alabama Ag Credit.
Mayor Reed told the public that his wife was an enthusiastic supporter of local farmers markets.
“I can’t buy tomatoes out of the grocery store, I have to buy them from the farmers market or else I get in trouble,” he remarked.
Reed also said that locally grown products can help alleviate food deserts such as ones experienced in some parts of his city, by providing fresh food options from local producers.
Commissioner Pate commented that Alabama did not have any branding for products grown in the state when he was elected, and he was glad to have pushed along the effort to make that happen.
Parnell said Sweet Grown Alabama “has the potential to be much bigger than ever imagined by any of us.”
“There is a possibility of so many items that the consumers in this state consume … products that could be branded Sweet Grown Alabama,” added Parnell.
Yellowhammer News asked Commissioner Pate what he thought were some hidden gems among the many products grown and made across the state.
“You know honey has got to be it, the honey people are just everywhere,” replied Pate.
“I think people would be surprised at the depth of what we grow here,” added the commissioner, who also mentioned Alabama’s production of catfish, sweet potatoes, peaches, Slocumb tomatoes, Sand Mountain tomatoes, and the citrus trees in Baldwin County.
“That’s the whole thing about SweetGrownAlabama.org, you can go on there and search for all the different fruits and vegetables you’re looking for,” he concluded.


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iMac with 5K Retina Display Details Unveiled
Taylor Swift 1989 Album to be released on iTunes Today?
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Black Friday 2014 iPad Deals will be Amazing
Fury took the Weekend Box Office
Harold Hamm Lecture
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Hermes, known for its squared silk scarves as well as its hand-stitched $10,000 Kelly or Birkin bags, trades off its "Made in France" appeal and is famed for attracting long waiting lists.
Like luxury peers, Hermes benefited from strong appetite from Asian shoppers in 2017, lifting its sales and profits to record levels.
In the fourth quarter, sales growth slowed slightly from the previous three months, however, as stocks of its handbags ran low.
Hermes, originally a saddle and equestrian equipment maker, said its 16th leather goods workshop, located in the country not far from the city of Mulhouse, would eventually house 260 specialists trained to hand-craft a bag from start to finish.
Vuitton is also expanding its leather goods production with at least two new domestic workshops this year and next.
Hermes has tended to pick sites in rural areas for its plants, hiring locally and training staff-in house, for workshops of around 300 people maximum.
Hermes also plans two more production sites in France by 2020, and currently employs around 3,310 leather goods workers making everything from saddles to wallets.
France's manufacturing sector has seen a burst of renewed job creation recently, after almost two decades of rapid de-industrialisation.
The industrial sector saw its first net job creation since 2001 in the last three months of 2017, national statistics showed last month.
(Reporting by Sarah White; Editing by Susan Fenton)


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Baffin partners with Hamilton Tiger Cats
by CM Staff
Baffin is an official partner and the exclusive boots of the Tiger-Cats and Tim Hortons Field.
HAMILTON — Baffin has announced a partnership extension with the Hamilton Tiger-Cats of the Canadian Football league through the 2022 season.
Baffin and the Hamilton organizations have had ongoing partnerships since 2014. Baffin is an official partner and the exclusive boots of the Tiger-Cats and Tim Hortons Field.
Baffin is a Canadian-owned, family run company offering a various product ranges, from comfortable cold climate boots and cold weather base layers to industrial work boots and hunting and fishing boots.
The footwear producer says it tries to focus on manufacturing locally as much as possible. The company has a full-scale Canadian domestic manufacturing and production operation that stands at 80,000 square feet in Stoney Creek, a community in Hamilton.
“It’s an honour to continue our strong partnership with the Hamilton Tiger-Cats. Like Baffin, the Tiger-Cats are a true home-grown organization, and we admire everything they do to bring pride to the city of Hamilton.” says Mark Hubner, senior vice president, commercial in a statement.
“We are delighted to stand alongside them as we watch Hamilton, and the team, continue to thrive.”


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Written by: Keith Tully
Published: 8th May 2019
At least 8 per cent of UK companies, and quite possibly many more, are displaying ‘zombie-like’ symptoms and struggling to make positive financial progress.
That’s according to the professional services firm KPMG, which is warning that the prevalence of companies with falling revenues and stifled profitability could be acting as a drag on the overall economy.
The firm also says that roughly one in seven companies across the country could have collapsed altogether in recent months or years if it weren’t for historically low rates of interest.
Some 21,000 businesses were assessed by KPMG as part of its recent research and report, which uses the idea of zombie-like companies to describe operations with financial difficulties including squeezed margins, limited cash reserves, high leverage levels and problems with a consistent inability to improve profitability.
Sectors most under strain and with the highest concentrations of zombie-like firms were found to include the energy sector, the automotive industry and utilities.
As many as 23 per cent of all energy sector operators were deemed to be under financial stress, along with 17 per cent of those in the automotive field and 15 per cent of those in utilities.
Across the economy, it could be that close to 14 per cent of businesses are exhibiting zombie-like symptoms and struggling to stay afloat in the current climate, according to KPMG’s assessments.
The company has said that “the rise of zombie firms in the UK could spell trouble ahead” for the British economy.
“The threat that zombie companies pose to the wider economy is very real,” said Yael Selfin, KPMG’s chief economist in the UK.
“If interest rates rise further, highly-leveraged businesses may soon find that borrowing will become more difficult to repay, and if the economy continues to stutter, these businesses, will be left especially vulnerable to adverse market forces.”
Blair Nimmo, head of restructuring for KPMG UK, added: “Urgent dialogue is required between regulators, banks and businesses in order to minimise the ongoing drag that these companies have on the economy.”
8th April 2021
Retailers in the UK are generally against the idea of having customers be required to present paperwork as evidence of being vaccinated against Covid-19.Read More
7th April 2021
Cinemas chains are concerned that government plans to implement ‘vaccine passport’ policies will hinder their recovery from the Covid-19 crisis.Read More


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Bob’s Pizza will open its fourth location at 1518 E. Harper Court in the space formerly operated by Native Foods. The chain is known for its pickle pizza but also offers traditional staples such as pepperoni, Margherita and sausage.
The Hyde Park menu will feature exclusive items like the “Bob Kim” pizza with bacon, ssam sauce, shredded cabbage, fried garlic and scallions. This culinary collaboration with Won Kim, the executive chef at Korean-Polish restaurant Kimski is super tasty. Kimski also designed murals inside the Harper Court location.
Other Hyde Park exclusives include two new pizzas — a chicken sausage pie and a meatball pie — and two appetizers, crispy Brussels sprouts and baked goat cheese.
“Pizzas often deal with a lot of pork products … so the two new pizzas I added are different proteins, which helps with people that may not even eat pork,” executive chef Matthew Wilde said.
The Hyde Park Bob’s will seat 66 people inside, and a 60-person patio is set to open in the spring. The location will also feature a full bar. It will be open 11 a.m.-10 p.m. Sunday-Thursday and 11 a.m.-11 p.m. Friday-Saturday. Grand opening details will be announced on Bob’s website: www.famousbobspizza.com


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Gene Saez pulled up to St. Lawrence Catholic Church in Redondo Beach on a recent Saturday morning with his car brimming to the rim with pastries. He opened the trunk to reveal Entenmann’s, bear claws, danishes, birthday cakes and cinnamon rolls. He opened the side door and the passenger door and more pastries overflowed the seats.
Saez is one of many parishioners at St. Lawrence who contribute to the food pantry garage, a collection of food items, household goods and clothing the church collects in a garage just off the rear parking lot. Every Saturday morning, they offer the items for free. Currently 80 families receive help in this way from the church twice a week.
Along with a bag of groceries, families can choose a few household items and clothing they have on hand or whatever else happens to be plentiful. On the Saturday we visited, they had 12 cases of bananas from Amazon grocery center.
“The only qualification is they have to be human,” said Jim Egnatuk, who heads the homeless outreach ministry or the ministry of peace and justice as he likes to call it. “It’s got lots of names,” said Egnatuk, who revealed a smile under his thick white beard and broad rim hat.
Along with being human, recipients also must be residents of Redondo Beach or Torrance and have an ID to prove it, he said. But that’s pretty much it.
“If they come to us, we don’t do a background check or anything,” he said. “If they say they are in need of groceries and can hardly pay their rent and pay for food, then we help them.”
At St. Lawrence, helping those less fortunate is…
click here to read more.


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₹84.40 Tuesday in Mumbai. The carrier, the first in India to operate a dedicated cargo fleet, is doubling down on the airfreight business, with plans to spin it off by Jan.
1, Singh said. SpiceJet is also in talks with Boeing to buy freighter versions of 10 narrow-body and 5-10 wide-body aircraft, he said. “The cargo business is growing very rapidly and we are looking at all opportunities to raise funds to grow this business fast quickly, and that includes selling a stake," Singh said. “We expect the valuation will be quite significant." Never miss a story!


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Walmart is making the latest entry into the grocery delivery wars — now an active battleground between Walmart, Amazon and Target for who can get the groceries to consumers door, fastest and for the least money. Walmart's latest offering is “Delivery Unlimited” subscription, which will offer consumers the option of either paying $12.95 per month plan or a $98 per year for a subscription that will let them shop online and have their groceries delivered as often as they like.
The process is familiar to anyone who has ever ordered groceries through the Walmart app — and there aren't any restrictions on delivery times. According to Walmart, it is just another payment option for online orders.
At $98 per year, Walmart’s Delivery Unlimited service is competitively priced with Target's Shipt, which runs for $99 a year; Instacart, which is also $99; and Amazon Prime, which is $119 (but comes with a host of other services).
As of launch, it is unclear how widely available the new option is. Walmart's firmest guidance on that point seem to be an FAQ answer that states “there’s a good chance Delivery Unlimited is in your area.” We imagine it depends on where your area is.
Walmart also does not as of yet have its own network of delivery professionals or independent contractors and instead partners with delivery providers across the U.S., including Point Pickup, Skipcart, AxleHire, Roadie, Postmates and DoorDash. The buttressing of its delivery options comes as grocery is an increasingly important revenue generator and draw or consumers to Walmart locations. Combined with growth in the home and fashion categories, it has been critical in boosting Walmart's eCommerce performance. In Q1 2019 eCommerce was up 37 percent.
Walmart has also invested heavily in its grocery curbside pick-up program which has proved to be a powerful success with consumers. Pick up is currently in 2,450 location. As a point of comparison, delivery is at nearly 1,000 locations. By the end of 2019, Walmart plans to have expanded those counts to 3,100 stores and 1,600 stores respectively.


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Herr's potato chips firm founder dies at 87
James S. Herr founded Herr Foods Inc.
The founder of the company that makes Herr's potato chips has died at his suburban Philadelphia home at age 87.
Family members say James S. Herr died on Thursday night in Nottingham, where Herr Foods Inc. is based.
Son Ed Herr is the company's president. He says his father had been fighting a respiratory illness.
James Herr was born in Lancaster and founded the company in 1946 at the age of 21. By 1999, sales volume had grown to $100 million annually with a staff of 1,100 employees making 240 varieties of snacks in a nine-state region.
Herr is survived by his wife, five children and 20 grandchildren.
Ed Herr says there will be a private burial on Saturday, with a public visitation the following weekend and a public memorial in several weeks.


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In this article, we will consider the valuable contributions of two recent remarkable reports: Market Forecast Outlook: Europe, North America and Latin America, by VIXIO GamblingCompliance, a relevant provider of independent legal, regulatory and business intelligence to the global gambling industry, and Total U.S. Gambling Spend by Category – 2022 study, by renowned boutique research and consulting firm Eilers & Krejcik Gaming, LLC.
Regulated U.S. online sports betting and gaming gross revenue jumped by 61% to an estimated USD 12.4 billion in 2022, blazing past the symbolically significant USD 10 billion mark as the U.S. overtook the UK to become the largest regulated online gambling market in the world within four years of the repeal of the Professional and Amateur Sports Protection Act of 1992 (PASPA). Gross revenue across 23 active online sports betting states soared by 91% year-on-year to an estimated USD 6.9 billion and, in doing so, overtook the parallel U.S. iGaming sector where GGR is estimated to have risen by 34% to USD 5.5 billion across a smaller footprint of seven states.
This latest balance shift reflects the differing fortunes of the two verticals in the legislative arena, with 14 new states having launched online sports betting operations since the start of 2020 versus an equivalent three in the iGaming arena.
The online sector’s growth has been driven by an unprecedented deluge of successful gambling expansion bills in recent years and a step change in consumer habits following the onset of COVID-19 that has been sustained amid a strong rebound in land-based casino revenue. On the sports betting side, strong growth in existing states such as Illinois, Tennessee and Virginia during 2022 was supported by sizeable contributions from newer online markets, including Arizona, Louisiana and, most notably, New York. The launch of online sports betting in Maryland, Kansas and Ohio during the 2022 NFL season was followed by the debut in Massachusetts (March 10th 2023), with these four states expected to collectively drive well over USD 1 billion in incremental gross revenue during 2023.
However, market growth from 2024 onwards will necessarily become more organic in nature. In fact, a lack of new markets has already constrained growth on the iGaming side. Just two additional states (Indiana and Iowa) are expected to go live over the next years.
CANADA’S LANDSCAPE: THE ONTARIO CASE
Over the border in Canada, Ontario became arguably the global online gambling industry’s most important new market upon its launch in April 2022, completing its transition from an OLG monopoly to a competitive model. That status is chiefly a result of Ontario’s sizeable population, exceeded by just four U.S. states, and a unique but ultimately “European-style” open licensing framework for a full product suite, with 73 licenses issued as of early February 2023.
The steady transition of major operators from Ontario’s grey market to the licensed sector resulted in quarterly online net revenue progressively improving from C$162 million (USD 121 million) in the second quarter of 2022, debut figures that were widely viewed as somewhat underwhelming, to C$267 million (USD 200 million) in Q3 and C$457 million (USD 342 million) in Q4.
GAMBLING SPENDING LED BY CASINOS
When focusing on people’s spending in gambling, it’s very interesting to take a look at the Total U.S. Gambling Spend by Category – 2022 report from Eilers & Krejcik Gaming. The company elaborated this annual report to provide a top-level view of the U.S. gambling market in terms of B2C revenue generated by market category, understanding revenue as total wagers less payouts (Gross Gaming Revenue, GGR).
This document shows that U.S. consumers spent USD 157 billion on gambling activities in 2022. Casinos captured 63% of the total GGR, followed by Lottery at 23%, then Distributed Gaming/Route Ops (5%), Sports Betting (5%), Charity (2%), and Racing (2%), with retail and online gambling spend combined for each category. The online channel (including online casino, poker, sports betting, iLottery, and pari-mutuel ADW) represented 9% of the total vs. 7% the prior year.
When considering Market Growth Rates Comparison for the last 5 years in terms of Compound Annual Growth Rate (CAGR), we can see different numbers by segment. Sports Betting (Online) had a CAGR of an astounding +130% over the last five years, followed by Casino & Poker (Online), with +85%; iLottery (Online), with +53%; Sports Betting (Retail), with +30%, and Pari-Mutuel ADW (Online), with +11%.
A FUTURE SCENARIO OF MORE EXPANSION
According to VIXIO GamblingCompliance estimates, regulated U.S. online gambling revenue will reach USD 23.8 billion in 2026, with online sports betting climbing at a compound annual rate of 21% to USD 14.8 billion, and iGaming expanding at an equivalent CAGR of 13% to USD 9 billion.
Excluded from this base case are potential online sports betting launches in California, Florida and Texas, as well as the plausible addition of iGaming in New York, with these potential new markets collectively representing multi-billion-dollar upside to the forecasts.
Regarding Canada, overall regulated online gambling revenue will reach just under C$6 billion (USD 4.5 billion) by 2026. A majority C$4.5 billion (USD 3.3 billion) of this total is expected to be generated in “re-regulated” competitive markets, with Ontario’s C$3 billion fully regulated system predicted to be followed by the introduction of competitive sports betting markets in Alberta, British Columbia and Manitoba over the next two to three years.
Taken together and focusing at a global level, VIXIO GamblingCompliance’s suite of interactive Forecasting Dashboards model anticipates 12% compound annual growth in regulated online gambling revenue across Europe, North America and Latin America from USD 45.5 billion in 2022 to USD 71.7 billion in 2026.
The addressable regulated online market opportunity in Europe and the Americas is therefore projected to grow by more than 250% or over USD 50 billion in absolute terms versus its pre-pandemic level of USD 20.4 billion in 2019.
In sum, ongoing legislative expansion and organic growth in the United States, complemented by sizable new market launches in Ontario and Brazil, is forecasted to more than double the broader Americas regulated “Total Addressable Market (TAM)” from USD 15.6 billion in 2022 to USD 32.5 billion by 2026.


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Though key stock market indices just posted their worst yrs considering the fact that 2008, main sporting activities leagues like the NBA and the NFL documented record decades of profits and their maximum-valued franchise revenue ever in 2022.
In accordance to one field expert, these revenue most likely are not slowing down any time soon.
“I do consider if some of individuals groups [for sale] trade, we will see an additional milestone yr,” Bill Mulvihill, head of U.S. Bank Athletics and Amusement Group, advised Yahoo Finance. “I will not have any reason to feel we’re likely to see a pullback in valuations.”
The history $4.65 billion sale of the Denver Broncos by Walmart (WMT) heir Rob Walton pushed sports franchise valuations to new highs in 2022.
This year, there are even additional superior-worth sporting activities teams for sale, which includes MLB’s Los Angeles Angels of Anaheim and Washington Nationals, Leading League’s Manchester United, and NFL team Washington Commanders.
According to Forbes, the Commanders could sell for extra than $7 billion, which would dwarf the preceding file set by Walton’s order of the Broncos.
Mulvihill, like other field specialists, attributed mounting sports valuations to the industry’s increasing romance with Large Tech.
In 2022, Apple (AAPL) broadcasted MLB video games and dedicated about $2.5 billion to Main League Soccer (MLS) in excess of the up coming ten years. The NFL entered into a $1 billion annual contract with Amazon (AMZN) and gave exclusive streaming rights for its NFL Sunday Ticket to YouTube (GOOG) for an approximated $2.5 billion.
“We realized sports activities and amusement was worthwhile about dwell eyeballs,” San Francisco 49ers President and Elevate Sports activities Ventures Chairman and CEO Al Guido explained to Yahoo Finance. “We did not know how important it was at the time you were being able to reduce the cord. That was actually the only sticky thing still left from an eyeball perspective.”
Media is a primary driver of athletics income, accounting for additional than 50% of most teams profits, according to Mulvihill. In a league like the NFL, in which nationwide broadcast earnings is dispersed evenly, it’s simple to see the earnings expansion and as a result prospective return on financial commitment.
Very last calendar year, the Inexperienced Bay Packers documented shared media income of $347.3 million. With charges of about $501 million, the Packers ended up 70% of the way to profitability prior to the regular year even started. Billion-dollar bargains with businesses like Amazon and Google (GOOGL) force individuals team valuations up even better.
“It’s not like you are shopping for into crypto or an online stock exactly where there’s practically nothing there,” Michael Rapkoch, founder and CEO of Sports Worth Consulting, informed Yahoo Finance. “There’s really some thing there. Revenues are mounting. Attendance is nevertheless potent.”
Josh is a reporter and producer for Yahoo Finance.
Examine the latest economic and business enterprise news from Yahoo Finance
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Bramble Energy has been announced as Hydrogen Sector Lead at this year’s World EV Day on 29th September 2022. We are powering the #netzero future using today’s #technology. Our unique #hydrogen #fuelcell leverages the existing printed circuit board supply chain, to deliver a lower cost, more adaptable approach, capable of scaling #Hydrogen solutions with #zeroemissions across the transport sector.
World EV Day is a global movement, driving change, together. A day of celebration of emobility, and a day to shift the transition to sustainable transport with consumer, business and policy outcomes.
This year, World EV Day was mentioned in the UK parliament, and celebrated by the White House’s top climate advisor. In 2022 we will continue to ask businesses across the world how they will #DriveChange to support the shift to emobility
Find out more about World EV Day and how you can #DriveChange HERE


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VIDEO ON MSN MONEY
Hewlett-Packard and Procter & Gamble are upgraded.
- US Airways (LCC) upgraded to Overweight from Equal Weight at Barclays
- Procter & Gamble (PG) upgraded to Outperform from Sector Perform at RBC Capital
- Hewlett-Packard (HPQ) upgraded to Sector Perform from Underperform at Pacific Crest
- Green Mountain (GMCR) upgraded to Outperform from Market Perform at William Blair
- Seagate (STX) upgraded to Buy from Hold at Argus
Accept a buyout offer when it comes. It is the only sensible move.
Yahoo (YHOO) should take the money and run -- fast.
According to Reuters, Blackstone Group and Bain Capital -- along with some Asian partners -- are preparing a bid of about $25 billion for all of the Internet portal. It remains unclear whether China's Alibaba, which wants to buy back Yahoo's 40% ownership stake in it, will participate in the $20-per-share bid, though it seems likely it would.
A string of better-than-expected quarters suggests a turnaround is developing for the retailer.
There’s a nice turnaround story building at Foot Locker (FL), the specialty athletic retailer that operates approximately 3,400 stores in 22 countries.
Solid operating momentum, a cash-heavy balance sheet, and an attractive yield of nearly 3% are just a few of the attractions of these shares.
Its best-selling drug ever goes off patent. What's next for the world's largest drug company?
The day finally came when the world's largest drug company, Pfizer (PFE), lost patent protection on the best selling drug ever, cholesterol fighter Lipitor.
Lipitor has been a major source of income for the New York-based pharmaceutical. The pill was released in 1997, and by 2006 it had reached peak sales of $12.9 billion, accounting for 27% of the company's revenue. Even after Pfizer acquired Wyeth, Lipitor still accounted for 15.8% of total revenue in 2010, with $10.8 billion in sales. Altogether, Lipitor sales surpassed $100 billion.
Despite economic uncertainty, people have continued to eat out. We've found 5 restaurant stocks that offer both fundamental and technical strength. Pizza chains are stand-outs.
By Kate Stalter, MoneyShow.com
Consumers and businesses have continued going out to restaurants and spending money, even in a shaky economy. While many stocks have been struggling below key moving averages in the recent market volatility, several restaurants are trading at or near all-time highs.
Pizza restaurants, in particular, are standouts, with a few chains delivering fresh price action that’s far outpacing the broader market.
So far, betting on upscale retailers has proved to be a wise strategy, but a disappointing forecast from Tiffany's could mean future growth will be harder to find.
By Suzanne McGee, The Fiscal Times
Tiffany's (TIF) earnings may look glittery on the surface, with the jeweler on Tuesday reporting a 63% jump in its third-quarter results and boosting its forecast for the year by another nickel a share to as much as $3.80. But even the news that Tiffany's same-store sales climbed by 16% (excluding currency fluctuations) in the third quarter – at a time when other retailers have a tough time topping 4% or 5% – wasn't enough to allow the stock to shine. Even as the broader market rallied strongly Wednesday, Tiffany’s shares edged lower, following a drop of almost 9% the day before.
Sales growth at Tiffany’s seems to be slowing, and the fourth quarter will be a slower one than the company expected. Investors also were unnerved by the company's news that gross margins narrowed, in large part due to the fact that sales were of more costly items, which usually have lower margins.
As jobs come back, so will homebuyers.
Has housing bottomed? Did we finally get a number Wednesday that shows it is bottoming? Possibly, but it wasn't the pending home sales figure. Although they jumped 10.4%, that isn't how housing will trough.
It will be based on employment, and the numbers from ADP said the U.S. added 206,000 jobs in November. That's much better than the expected 130,000, and it may be the key number to focus on if we are to believe that housing can stop going down.
The master limited partnerships provide high income as well as growth leveraged to the energy sector.
The case for commodities is clear, but so is the case for income. What better way to kill two birds with one stone than to invest in income plays leveraged to commodities.
Here are two of our favorites -- master limited partnerships in the energy area poised to capitalize on high oil prices.
Master limited partnerships (MLPs) are required to distribute the bulk of their cash flow to stockholders.
Superstar collections fail to bring in the crowds as the deparment store continues to struggle.
Kim Kardashian became a world sensation almost overnight. The celebrity has her own reality show and millions of fans. So you would think the fashionably chic Kardashian Kollection would have been besieged by shoppers and sold out during the Black Friday rush. After all, practically all major retail stores, including Macy’s (M) and Target (TGT), were swamped by tens of thousands of eager shoppers.
But that wasn't the case at Sears (SHLD), where the Kardashian Kollection held sway and was among the elegant products displayed for sale. In fact, Sears was betting the Kardashian name and collection of fashion products would stir up consumer excitement.
Privatization is a growing trend in the water sector; here's how to play this theme.
As budget-strapped municipalities seek funding to clean up their decaying water and wastewater systems, privatization is a word that keeps popping up.
With the EPA estimating that it will cost more than $1 trillion over the next 20 years to maintain the current water infrastructure system, privatizing the systems may be an attractive solution.
The glass maker recently increased its dividend by 50% -- a sign it expects long-term improvement in its business.
Builders get upgraded at Raymond James, as do several energy stocks at Barclays.
- Anadarko (APC) upgraded to Overweight from Equal Weight at Barclays
- Nexen (NXY) upgraded to Overweight from Equal Weight at Barclays
- Cenovus Energy (CVE) upgraded to Overweight from Equal Weight at Barclays
- Transocean (RIG) upgraded to Hold from Trim at Tudor Pickering
- Navistar (NAV) upgraded to Neutral from Sell at Goldman
- Toll Brothers (TOL) upgraded to Outperform from Market Perform at Raymond James
- D.R. Horton (DHI) upgraded to Outperform from Market Perform at Raymond James
- Lennar (LEN) upgraded to Outperform from Market Perform at Raymond James
The tobacco company expects significant market share gains in Japan, Indonesia, Philippines, South Korea and Vietnam.
PMI expects cigarette volume (outside the U.S.) to increase as much as 1.3% a year over the next five years -- an improved outlook compared with previous forecasts. Philip Morris International competes with British American Tobacco (BTI), Japan Tobacco and Imperial Tobacco Group (IMT) in its various geographical segments.
Investors are cheering a decision by the Federal Reserve to pump cheaper dollars into eurozone banks. Yet this merely treats a symptom, not the disease. And it won't save the euro.
All week, the U.S. stock market was curiously buoyant as the eurozone crisis deepened. Wednesday morning, we learned why: The Federal Reserve, in cooperation with major central banks around the world, reduced the cost of providing dollar liquidity to banks in need from 1% over the rate set in the market to 0.5% over.
This unleashed a surge of buying, short covering, and cheerfulness as initial scans of the headlines seemed to suggest the Fed was riding to Europe's rescue. Not quite.
The Fed is merely postponing the inevitable, treating a symptom (bank funding problem) not the disease (a solvency crisis amongst eurozone governments).
The stock is downgraded to 'underperform' by a prominent analyst who says the company is broken.
On a day when stocks soared, Netflix's (NFLX) drop was particularly jarring.
The stock just can't catch a break after passing $300 in July. Its plunge since then has been breathtaking, with shares closing at $64.53 Wednesday.
The day's fall was triggered largely by a downgrade from one of the more prominent analysts covering the stock. Michael Pachter of Wedbush Morgan said in a research note to investors that the company is broken.
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[BRIEFING.COM] S&P futures vs fair value: -4.80. Nasdaq futures vs fair value: -7.80. U.S. equity futures remain below their flat lines, which has been the case through the course of the night. If the current indication holds, the S&P 500 will take a step back after climbing 1.4% during the first two sessions of the week.
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The UK government has failed to demonstrate the economic benefits of its trade deals after Brexit and needs to do more to consult businesses and consumers on future free trade agreements, MPs warned.
In a mixed opinion on the first year of post-Brexit dealmaking, the House of Commons’ Public Accounts Committee said it was questionable whether the government would meet its target of ensuring 80 percent of all UK trade would be covered by a free trade agreement by the end of this year.
In a report published Friday, the committee urged the government to be more transparent about its dealmaking by better consulting parliament, industry and special interest groups, such as farmers and environmentalists, about the shape of future deals.
Sir Geoffrey Clifton-Brown, the commission’s deputy chair, said the international trade department had “really struggled to pinpoint tangible wins for British business, consumers or our own agricultural sector”.
The government was accused by the National Farmers’ Union of ‘treason’ after signing a new deal with Australia in December 2021 in which farmers claimed British farming was being penalized.
The post-Brexit agreements signed so far, including EU-era agreements that have been converted into bilateral agreements, cover a total of 64 percent of UK trade. The UK has started negotiations with India and hopes to improve existing deals with Canada and Mexico.
But the report said that if Washington rules out a quick deal, the government would face “significant challenges” in meeting the 80 percent target, as the US accounts for 16.8 percent of UK trade. .
Even making a deal with India and joining the transpacific CPTPP trading bloc — both deals the government has in its sights — would only contribute 0.4 percent and 1.5 percent to that goal.
Trade policy experts, consumer, agricultural and environmental groups all welcomed the commission’s calls for greater transparency and consultation on future agreements, accusing the government of yielding to key principles in its haste to achieve its goal. reaches.
David Henig, a former UK trade negotiator, said the government was “in denial” about how far it fell short of international best practices on consultation and monitoring. “Hopefully this new report will provide impetus for improvement,” he said.
Nick von Westenholz, trade director at the NFU, said the government’s own impact assessments showed that trade deals with major agricultural exporters, such as Australia, would affect agricultural production in the UK, but little was done to help farmers adapt. to suit.
“Hopefully this report is a wake-up call that we need much better coordination between domestic and trade policies, and that we need to closely monitor the impact of trade agreements as they come online, to better design and adapt policies to ensure ensure that farms benefit,” he said.
Sarah Williams of the Greener UK coalition, which represents 12 major environmental groups, said she was concerned that the government was rushing to sign agreements with partners such as India and the Gulf States, where environmental standards and human rights issues were a concern.
“We’ve already toned down climate commitments to win the deal with Australia,” she said. “We need a coherent strategy with tradeoffs captured during, rather than after, negotiations.”
The government said it deliberately set a high bar with its 80 percent target and launched a new strategy last year to help companies export.
It added: “We take parliamentary scrutiny of FTAs very seriously and have made greater commitments to scrutiny and transparency at every stage of the negotiations, going well beyond our legal requirements.”
This post UK failed to demonstrate benefit of post-Brexit trade deals, MPs warn
was original published at “https://www.ft.com/content/af1ef504-ee32-43c0-b7d5-81d045714618”


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Hawalli Governor Abdullah Al-Fares applauded Kuwait Finance House (KFH) for its efforts in supporting Kuwaiti youths through training and hiring them, which allows them to hold senior posts.
It is worth noting that Al-Fares has inaugurated KFH’s branch in Wataniya Mall in Salmiya, where he praised the bank for taking into consideration the requirements of Kuwaiti families in its products and services. He added that banks and the private sector must carefully study the needs of various members of the society, and called for developing products and services.
Meanwhile, KFH’s CEO Mohammed Al-Omar revealed that KFH will continue to grant Kuwaitis the opportunity to improve their skills, and added that KFH’s strategy focuses on the employee. He went on to say that KFH is keen to overcome any obstacles that might face employees, and raises their awareness regarding the bank’s commercial, investment, banking and real estate services. He stated that KFH has products and services for all members of the society, such as Al-Khair prepaid card and Al-Usra card that help families in saving money. He mentioned that KFH has over 50 branches in various areas in Kuwait, which underlines its keenness to satisfy its clients, not to mention KFH’s electronic and phone services.


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All Blogs Entries
Thursday, February 20, 2014
The impact of this once in a lifetime winter simply cannot be understated when viewing how it has impacted myriad facets of daily life and freight transportation operations, too, of course. What Old Man Winter has wrought early in the year looking at metrics like sluggish retail sales and declining truck tonnage is obvious to say the least. And while it will not last forever, its impact remains intact for now anyway.
Posted on 02/20 at 03:13 AM
Monday, February 17, 2014
While we honor past presidents today, the National Association of Manufacturers (NAM) is calling upon the nation’s current chief executive to move on his promise to promote U.S. exports.
Friday, February 14, 2014
The FMCSA is committed to getting unsafe truckers off the road, and Administrator Ferro has, in essence, put shippers on notice. Stop playing Russian Roulette with trucks! If your company uses even one unsafe carrier, and something bad happens, your company will pay a price and (in the words of Administrator Ferro) be “held accountable.”
Posted on 02/14 at 02:34 AM
Monday, February 10, 2014
The freight market is starting to heat up, and smart shippers need to evaluate their supply chain strategies if they are going to control their costs before it’s too late.
Posted on 02/10 at 01:56 AM
Wednesday, February 05, 2014
A staggering 40 percent of big-box industrial requirements are correlated to e-commerce; a sector growing globally by 20 percent each year.
Friday, January 31, 2014
Since the Federal Motor Carrier Safety Administration (FMCSA) formally rolled out its new trucking Hours-of-Service (HOS) regulations, and in advance of their debut really, there has been and remains a large amount of differing opinions about why these rules were needed, if they really took into account the day-to-day travails of trucking, and, of course, the safety reasons that came with these new rules.
Posted on 01/31 at 06:09 AM
Thursday, January 30, 2014
According to research published recently by CDP and Accenture, companies are increasingly recognizing climate risk in their supply chains. But investment in emissions reductions programs is going down.
Tuesday, January 21, 2014
When the commercial real estate service Cushman & Wakefield released its year-end national market research data this week, some important regional advantages were outlined in detail.
Wednesday, January 15, 2014
Port of Oakland Executive Director Chris Lytle just announced maritime industry leader John C. Driscoll as the Port’s new Director of Maritime.
After YRC's Teamsters shoot down management's proposal for further wage and benefits cuts, stakeholders wonder if and when customer defections could begin.
Posted on 01/15 at 05:00 AM
YRC Worldwide •


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Every state's sales tax system is already riddled with exemptions and exceptions that treat different goods and services "unfairly."
No. In fact, it would be blatantly unfair to tax out-of-state vendors that do business in a state over the Internet. Taxes pay for services, such as police and fire protection, roads, and parks. As Adam Thierer of The Heritage Foundation has pointed out, ". . . out-of-state vendors of electronic commerce, though subjected to the same tax burdens that Main Street vendors must bear, would receive none of the benefits for the taxes they paid to state and local governments where they did not reside. This amounts to a form of taxation without representation."7
One reason many people assume Internet sales should be taxed is because without realizing it, they have absorbed the mentality of those who believe in taxation of almost anything as a matter of principle. Instead, taxation is actually a practical matter involving the limited powers the American people grant to government.
There is no underlying assumption in the American system that says everything should be taxed just because it's "out there." Under the American system, the people grant to government the limited powers that it wields, including taxation. Those powers are limited by the federal and state constitutions, and as long as the people do not expand the government's power to tax, the fact that a new sort of commerce comes along creates no moral, legal, or economic sanction for expanding that power to the new commerce.
Besides, as Aaron Lukas writes,
. . . it's not fair to force out-of-state firms to act as tax collectors when they don't benefit from state services. When a [Michigan] business collects sales taxes, there is a clear linkage between the taxes paid, the services provided, and legislative representation. After all, local firms benefit from police and fire protection, roads and waste collection and other state services, so it is proper that they help cover those costs. And local firms can make their voice heard directly through lobbying and membership in groups like the Chamber of Commerce.
Remote sellers, on the other hand, don't enjoy any of those advantages. If the state wants more of the taxpayers' money, it should collect it itself and not try to push the burden onto out-of-state businesses.
Finally, differentiated tax rates create healthy competition that helps keep local rates under control. For example, some residents of Manhattan drive to Delaware to avoid sales taxesan option that has undoubtedly curbed the profligate fiscal habits of New York politicians. Electronic commerce similarly guards against excessive taxation. When sales tax rates get too high, it's important that [Michiganians] have a shopping alternative.8
Heritage's Thierer notes that the "fairness" argument simply misses the point entirely:
. . . state and local businesses pay sales (and other) taxes because they can take advantage of the government programs or public services provided with those funds, such as roads, schools, parks, and police and fire protection. Remote vendors engaging in interstate electronic transactions do not benefit in a similar way either from these taxes or from the programs or services these taxes fund. Moreover, Internet vendors are tangible "bricks and mortar" businesses that will continue to pay routine corporate income and property taxes where they reside. Even a permanent Internet tax moratorium would not prevent states and localities from imposing equal sales tax rates on companies within their own jurisdictions.9
John R. LaPlante, managing editor of the Heartland Institute's Intellectual Ammunition , cites scholars at the University of Texas who estimate that "in 1998 alone, the Internet was responsible for over 1.2 million jobsrepresenting more income for workers, and for governments, more taxes. By contrast, University of Chicago and Harvard researchers estimate that less than 2 percent of sales tax revenues will be 'lost' to unreported Internet transactions."10
The National Governors' Association is fond of citing a poll which found that 72 percent of Americans believe it is unfair that local businesses must collect sales taxes while online sellers do not. But the very same poll also shows that 85 percent of Americans do not approve of a tax to make up for any shortage in revenues due to the rise of untaxed e-commerce.11
Finally, governors and mayors who argue for taxing Internet purchases for reasons of "fairness and equity" cannot have their cake and eat it, too. Every state's sales tax system is already riddled with exemptions and exceptions that treat different goods and services "unfairly." Most states do not apply sales tax to food or clothing. Many exempt services. Some exempt agricultural equipment, and so on.


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DON’T MESS UP TOURISM WITH VALUE ADDED TAX CHARGES SAY TANZANIA’S TOURISM STAKEHOLDERS
(Posted 04th July 2016)
Relations between the Tanzanian tourism fraternity and their tourism minister Prof. Maghembe have reached a new low, posing a challenge to the politician as alienating his sector may make it difficult if not impossible to effectively manage the industry.
He got into the bad books over his insistence that heaping an 18 percent value added tax on tourism services will be ok as, in his own words ‘where will they go‘ referring to tourists as if they have no choice.
While in Kenya the VAT on tourism services was lifted, following the devastating impact the measure had on the tourism industry over the past two years, did Tanzania’s Finance Minister Dr. Mpango the opposite, clearing ignoring expert advice and the negative example of how this worked out in Kenya.
The tourism sector in Tanzania, following a meeting of over 500 stakeholders over the weekend, has now resolved to appeal directly to President John Magufuli to remove the contentious clause from the Finance Bill 2016, a move which is a resounding vote of no confidence in their tourism minister.
Kenyan tourism stakeholders were swift in supporting their Tanzanian counterparts, recalling the problems their 16 percent VAT created through higher prices for safari and holiday packages and sympathized with their colleagues who are now faced with the prospect of learning the hard way what misguided political action can mean for an already struggling tourism industry.
Reportedly have sections of the tourism fraternity in Tanzania also lobbied to take the matter to court and get an injunction, but first indications are that the cost for safaris, including park entrance fees, has risen since the 01st of July by a staggering 18 plus percent, as commissions need to be built into safari prices and the new VAT factored in.
‘Count on safari packages going up by about 20 percent‘ said a regular source from Arusha before adding ‘This will outprice us in comparison with for instance Kenya but also with other safari countries like Zimbabwe, where they are just lifting the 15 percent VAT on accommodation. When we lose business and the statistics back us up, who is to blame? Of course government and these ignorant and arrogant ministers who cannot see what damage VAT on tourism services has done elsewhere‘.
Harsh but well deserved words in particular against their own tourism minister who has clearly chosen confrontation and upheavals over consensus, support for the industry and smooth sailing.


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JOLIET, Ill., May 30, 2013 /PRNewswire-iReach/ -- As new pickup trucks continue to get bigger, bolder, and more aggressive, the soon-to-be-released 2014 Chevy Silverado has embodied those trends to create one of the most rugged and uncompromising pickup trucks to date. With a re-engineered platform from its predecessor, drivers can expect even bigger and better things from the Silverado in the 2014 model year.
With the abundance of success from the 2013 Chevy models near Chicago, the 2014 Silverado is set to pave the way for the upcoming series of Chevrolet vehicles. Powered by an EcoTec3 5.3-liter V8 engine, the new Silverado will feature improved fuel economy figures — 22 MPG highway — without sacrificing strength. The engine is set to provide drivers 383 lb.-ft. of maximum torque and 355 horsepower.
In terms of strength, the new Silverado hauls more in 2014 than it ever has before, but it's not just the capacity that sets it apart. Chevy engineers added integrated pocket hand grips to make for easier entry into the bed while LED lamps under the bed rails allow drivers to finish the job, no matter what time of day or night. A Max Trailering Package also is set be available with the release of Chevy's new pickup truck, which will enhance the Silverado's towing capacity. That package includes a rear-view camera, Trailer Sway Control with StabiliTrak, and auto grade braking. The new Silverado features new brakes in Joliet, IL that are designed to last twice as long as conventional brakes.
The Silverado is expected to arrive at Bill Jacobs Joliet in the coming weeks. For more information about the arrival of the 2014 Chevy Silverado, visit www.billjacobsjoliet.com or call 815-741-6975.
Media Contact: Max Jacobs, Bill Jacobs Automotive Group, 815-741-6975, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Bill Jacobs Automotive Group


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To amplify its range of laptops, HP India has launched a campaign communicating the importance of well-designed products and how they can simplify one’s life.
2020 turned out to be a year of digital presence and evolution in our lives. Technology is now an integral part of our life, not just for millennials and GenZ but for the boomers as well. The latest HP India campaign touches upon five key aspects of computing and communication in 2020 through a series of five films.
They are trying to highlight the key product USPs of their laptops range.
As stressful as the year has been, HP has attempted to communicate the quirkier side to everyday struggles in the new campaign, whether it is surviving choppy connectivity to hiding yourself during video calls to sneak in little adventures.
The films concentrate on key laptop features such as extended battery life and a key that can help users better control their webcam shutter. In one of the videos, the skills one learns while playing games online have been highlighted, positioning HP laptops as a good choice in the genre. Speed issues with shared WiFi have also been addressed.
All the films in the campaign depict life under lockdown.


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Hackers Go on a Magento Attack Spree Using a Helpdesk Extension
Rafia Shaikh reports:
Cybercriminals are targeting Magento sites running Mirasvit Helpdesk – a popular helpdesk extension. The extension enables site owners to add a “Chat with us” widget on their Magento shops. Mirasvit was vulnerable to security flaws that affect every version of the extension up until version 1.5.2. Security firm WebShield had first published details about these security bugs back in September. While the developers had delivered a prompt fix and released version 1.5.3 in the same month, it appears websites are still using the vulnerable versions.
In a latest report, security researcher Willem de Groot has revealed that hackers are exploiting both these vulnerabilities with a goal to steal payment card data from the affected stores.
Read more on WCCFtech.
Catalin Cimpanu - December 29, 2017
Wow. The text of that article looks familiar. I wonder where I’ve seen it before… hmm


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In the coming weeks the Pierce County Council will consider an ordinance proposing hazard pay for grocery store employees, effective through the duration of the governor’s declared COVID-19 emergency.
Co-sponsored by councilmembers Jani Hitchen, District 6, and Ryan Mello, District 4, the ordinance as initially drafted proposes all employees of a grocery store with 500 or more employees worldwide receive an additional $4/hour of hazard pay during their shift. The ordinance applies to incorporated and unincorporated Pierce County.
“These workers have been on the frontlines for the last year and it has not been easy,” said Councilmember Hitchen. “While the proposed additional pay won’t make their jobs easier, it provides much-needed compensation for the hazards of working while facing significant exposure to COVID-19.”
Councilmember Mello added:
“With a fourth COVID surge here, rising case counts and a roll back to Phase 2 of our Healthy Washington reopening plan, it is clear our grocery workers are facing unprecedented danger by showing up to work every day. These working families face many hardships in an already low-paid environment. That’s not fair and hazard pay is the least we can do.”
Angel Gonzalez, President of the United Food & Commercial Workers Local 367, thanked members Hitchen and Mello for bringing forward the proposed ordinance.
“While the grocery stores’ profits have increased tremendously this last year, our grocery workers have incurred personal unexpected costs including purchasing their own personal protection equipment, COVID-tests, additional childcare costs due to school closings, and losing pay due to illness or exposure,” Gonzalez said. “Grocery workers are vital to our communities and they deserve a safe workplace and fair pay for the risks and stress they experience daily.”
At its April 20, 2021 regular meeting Council set the legislative timeline for the proposed ordinance. The ordinance will first be reviewed by the Pierce County Council Human Services Committee in a special meeting Friday, April 30, 2021 at 9:30 a.m. It is set for final action before Council at its May 4, 2021 meeting at 3 p.m.
What about us child care workers we need that pay also
Karri Ann Mace says
The Hazard pay should be for the Hotel employees to that stayed open we put our lives on the line as much as the grocery store workers to
Pierce County should stay out of this. You see what is happening in Seattle with stores closing, the price of food going up. I know a number of workers who refused to go to work not because of the COVID-19, but they were getting paid more to stay home. There are other people who were considered essential who went to work everyday including me. Where do you draw the line? Pierce County Council should be taking care of the real problems in the county, crime, defending the sheriff from these false charges, taking care of the homeless, etc. Do there morons not know these extra charges gets passed to the consumer? So the $4 hazard pay only gets eaten up in higher cost for everyone, including the employee!
What about manicurists and those who give pedicures? Barbers and hair stylists work in close proximity to people; don’t forget them. And, hey! Don’t forget those who administer bikini waxes and other areas of hair removal!
There are a plethora of people who come in contact with others. This idea of everyone needing to be paid extra for it is ridiculous. Stop this greediness, and stop it now.
Going to get your nails or feet done, a bikini wax to a haircut is a choice one makes and is nowhere essential of a need like going to a grocery store! You need food! You can’t survive without it! You can however survive without pampering yourself!
There is no difference between the hazards in those other professions and grocery workers. It’s that the UFCW, who represents the workers for those large stores, has found a way to convince a couple council members that grocery workers’ jobs are more hazardous than others.
The “victim mentality” marches on and, if money can be made from it then the constant complaining has paid off.
Hey! Then the public that wears their masks, gets their shots, and only ventures out of the home only to pick a few dandelions for a salad are victims too! Where’s MY check?!
What about the trucking industry. We have been making sure that supplies get to the business thst need them including grocery stores
A case of P.County trying to out woke K.County or just your usual money grab by a union…either way ridiculous.
Derek m. says
I work at home depot and have been there throughout the pandemic. No extras money is needed. This is about people who are working being selfish. Not like we’ve been out of work. The companies are the ones who should be using the extra profits to increase pay. The country and state should keep their bosses out of it. But they can’t because they’re Demonrats and love wielding control over the masses. Open everything back up and most of these issues with employment would figure themselves out.
Silly, you can have groceries delivered contactless.
Under the umbrella of “lives matter” we are all essential as humans. Life is priceless so let’s all of us get a couple extra dollars just because. Why not, we can just print money, as much as we need, right?
Oh wait inflation and all the US businesses will just move operations off shore.
Maybe when there are no customers buying the toilet paper then there won’t be a need for a grocery store worker.
Sheri greene says
Fast food workers should also get paid hazzard pay since we are also dealing with the public and people not wanting to wear masks coming to the drive thru
What about deli workers IN the grocery stores on military bases? Are they included in hazard pay?


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Indie development studio Black Delta has announced its kart racing game KartKraft will be making its way to Steam Early Access in November. The game has been in development for over four years.
According to a recent announcement, the racing game will be available on Steam Early Access next month. The new build of the game is said to be a complete rewrite compared to the 2016 builds.
The racing game was supposed to release in June 2016 after going through its closed beta testing phase, but was ultimately never released and the studio ceased to provide updates on its progress.
The studio now states that there hasn't been a day the game hasn't been worked on, played or tested with over 15,200 code and art submissions in that time.
The new version features a large amount of new gameplay mechanics and tweaks, including a physics-based tire model, improved physics engine, remodeled karts, improved AI, cloud saving, leaderboard ghost modes and customization systems.
KartKraft will be making its way to Steam Early Access on November 1, 2018.