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Almost all of the tycoon's immense fortune is invested in the carmaker, whose share price has fallen sharply in recent days. The entrepreneur needs liquidity to finance the operation of Twitter
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Elon Musk at a Tesla event (Reuters)
Businessman Elon Musk has sold 19.5 million shares of Tesla worth 3.95 billion dollars, according to documents delivered this Tuesday by the automaker to the United States Securities Market Commission (SEC)
The sale of Tesla shares took place on November 4 , days after Musk took effective control of Twitter, a company for which he paid some 44,000 million dollars. Musk has been pushing to find ways to pay off the huge deal, for which he took on billions of dollars in debt and previously sold $15.5 billion worth of Tesla stock.
Following the sale of those Tesla shares, Musk still owns around 455 million shares of the luxury electric carmaker.
November 1-7, during the first full week of Musk at the head of Twitter, Tesla shares lost 16% of their value: This Tuesday, the automaker's shares fell another 2.93% and at the close of the markets they were trading at $191.3.
Musk sold his shares at prices between $203.6 and $219.9, according to SEC filings.
Some analysts had anticipated that Musk would be forced to sell part of his shares in Tesla to finance the operation of Twitter, which according to the businessman himself, is losing 4 million dollars a day.
Musk's decision to make detwittering a private company and going public has allowed it to make big changes quickly, but has led the company to take on more debt, a risky option for a money-losing business.
In early November, he announced an $8 monthly fee for verified user accounts, arguing that his plan could solve the platform's problems with bot accounts and spam while creating a new source of revenue for the company.
Almost all of Musk's immense fortune, which until the acquisition of Tesla was above 200,000 million dollars, is invested stake in the car manufacturer's shares.
(With information from EFE and AFP)


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A patron loaned his iPhone to a stranger who then fled with the phone.
Schools out for summer! Recent phone thefts on BART: July 18 2018 7:20pm https://www.bartcrimes.com/incident/25180/ July 18 2018 7:07pm https://www.bartcrimes.com/incident/25179/ July 12 2018 4:40pm https://www.bartcrimes.com/incident/25148/ July 12 2018 4:33pm https://www.bartcrimes.com/incident/25149/ July 11 2018 11:46am https://www.bartcrimes.com/incident/25142/ July 8 2018 5:07 https://www.bartcrimes.com/incident/25133/ July 6 2018 4:14pm https://www.bartcrimes.com/incident/25121/ July 5 2018 3:19pm https://www.bartcrimes.com/incident/25113/ July 5 2018 3:34pm https://www.bartcrimes.com/incident/25112/ July 4 2018 5:09pm https://www.bartcrimes.com/incident/25108/ July 4 2018 2:04pm https://www.bartcrimes.com/incident/25105/ July 3 2018 6:10pm https://www.bartcrimes.com/incident/25102/ July 1 2018 2:55pm https://www.bartcrimes.com/incident/25092/ July 1 2018 2:18pm https://www.bartcrimes.com/incident/25093/ June 30 2018 8:20pm https://www.bartcrimes.com/incident/25093/ June 30 2018 11:19am https://www.bartcrimes.com/incident/25087/ June 30 2018 10:00am https://www.bartcrimes.com/incident/25089/
July 6 2018 4:14pm https://www.bartcrimes.com/incident/25121/
Criminals love BART because riders and tourists have the false sense of security. They believe that there are working cameras to prevent thefts, they think that everyone is a paying rider just like them, and they believe that there is an active police force to apprehend any criminals. The criminals know all of that to be bullshti and they know there is a 99% chance they won’t be caught committing crimes, and in the 1% chance they they are, the punishment is a slap on the wrist.

domain: news


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The Government of Bangladesh has taken steps for resumption of construction work by next month for the upcoming ‘garment village’ in Munshiganj, according to a Financial Express report.
The Government envisages relocation of about 1,000 apparel units to the garment village by January 2014.
In the wake of the recent Tazreen Fashions fire incident, Prime Minister Sheikh Hasina has expressed her desire to see all garment units in the county to be fully compliant with safety standards.
Hence, the Prime Minister has also directed setting up of garment villages in Savar, Chittagong and Gazipur in phases, in addition to the one being set up at Munshiganj.
Meanwhile, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufactures and Exporters Association (BKMEA) have agreed to submit a detailed proposal on the ‘garment village’ this month.
The reports would help Bangladesh Economic Zone Authority (BEZA) to resume construction work at the proposed garment village.
The proposed garment industrial park will have 976 plots with infrastructural facilities, utility services, medical facilities, CETPs, day care centres, roads, drainage facilities, waste-dumping yard, firefighting equipment, banks, insurance offices and IT parks, according to Financial Express.


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|More from: | TechCrunch |||
Over the course of the last year, Google has launched a number of services that bring to other companies the same BeyondCorp model for managing access to a company’s apps and data without a VPN that it uses internally. Google’s flagship product for this is Cloud Identity, which is essentially Google’s BeyondCorp, but packaged for other businesses.
Today, at its Cloud Next event in London, it’s expanding this portfolio of Cloud Identity services with three new products and features that enable developers to adopt this way of thinking about identity and access for their own apps and that make it easier for enterprises to adopt Cloud Identity and make it work with their existing solutions.
The highlight of today’s announcements, though,
About | TechCrunch |
TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.


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The fast food chain is in the middle of its worst slump in ten years, reports the Wall Street Journal in an in-depth look at McDonald’s recent sales losses.
To blame? Millenials, the young customers who are daring to disperse favors among the many food options, including new favorites Chipotle and and Five Guys, according to data the WSJ had restaurant consultancy Technomic Inc. compile.
These millennials don’t want to commit, and are often looking for healthier fare than what has been the mainstays of fast food.
“The millennial generation has a wider range of choices than any generation before them,” McDonald’s Global Chief Brand Officer Steve Easterbrook said in an interview. “They’re promiscuous in their brand loyalty. It makes it harder work for all of us to earn the loyalty of the millennial generation.”
That’s why we’re seeing things like the McWrap, points out Gothamist, which isn’t exactly new, novel health food, but apparently works as millennial bait anyway. Because nothing says, “be mine alone” like a 600-calorie snack.
McDonald’s has been having a tough go of it in the media recently, along with its disappointing numbers. A growing effort to push fast food chains like McDonald’s to raise the minimum wage has kept the company in the news. Not to mention bad feedback over its tone deaf advice about how workers should tip the pool cleaner during the holidays and a sample budget provided to employees that seems wholly unrealistic.
That, and the fact that Consumer Reports subscribers rated McDonald’s burgers as the worst-tasting of 20 burger chains, and you’d better believe McDonald’s is really wishing its customers were ready to go steady right about now.
“Diners, especially younger adults in the millennial generation, may be more willing to go out of their way to get a tasty meal,” Consumer Reports pointed out.
McDonald’s Faces ‘Millennial’ Challenge [Wall Street Journal]


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Blockchain info twitter
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The latest tweets from @PolisBlockchain
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or information they may have accessed,” Twitter's spokesman adde BAT – the crypto asset for the new Internet economy. The $330 billion digital advertising industry is failing users, publishers and advertisers.


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Pilot Flying J is seeking to make contact with drivers who bought fuel at the Pilot Travel Center in Von Ormy, Texas, on exit 140 on Interstate 35. ccording to media reports, several drivers reported trucks running poorly after refueling at Von Ormy, a city in Bexar County near San Antonio.
“We first learned of the situation Tuesday afternoon when a professional driver notified the general manager of the Pilot Travel Center in Von Ormy, Texas,” Pilot Flying J said in a prepared statement. “The general manager then notified our corporate office, and the diesel pumps used to fuel tractor trailers were closed. We immediately started investigating the cause of the issue and are still currently doing so.” The pumps have been reopened with no reported problems.
Pilot is asking drivers who purchased diesel for their trucks between 2:40 p.m. and 3:50 p.m. CDT Tuesday at the Von Ormy, Texas, truck stop to contact Pilot’s Customer Service Department at (877) 866-7378.
Pilot Flying J is asking callers to have the receipt or credit card number used for the purchase ready.
“The safety and convenience of our customers is top priority at Pilot Flying J,” the company said, according to the release.
* On approved credit


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Internode have this afternoon confirmed a number of existing out-of-contract customers would have to be moved onto the company’s newer plans because of a wholesaler “price squeeze”.
In a post on the company’s blog, Internode managing director Simon Hackett confirmed a number of Internode customers who are out of their contract period would have no option but to switch to one of Internode’s new plans, unveiled earlier in the month.
Hackett said the “consideration process” about moving customers onto the new plans in some areas is now complete, with the Internet provider deciding it had no option but to move some customers across. “While the majority of our customers are not impacted, unfortunately some of our customers will be,” Hackett wrote.
Affected customers will from today receive notices in the mail giving them 30 days notice of the plan Internode intends to switch them to, with customers given the option to change their Internode-elected plan, terminate their Internode service or agree to the changes.
To be sent such a notice, customers will have to be out of their contract period, be on one of Internode’s older plans or live in a geographic location that isn’t serviced by one of Internode’s own DSLAM services or those of other, more competitive wholesale DSL providers.
“We sincerely regret the (rare) occasion of having to impose a price change for some of our existing customers,” Hackett added. “This is not being done lightly, and despite the Internet industry being a bit of an anomaly in the services industries in general (in the sense of it not tending to impose price rises very often, compared to things like power, water and gas bills, for instance), on this occasion these changes are necessary ones.”
The controversial new plans caused a stir amongst some Internode customers, because it turned out that some were better off on their existing deal. Internode however claimed the high wholesale prices placed on the company meant pricing had to be adjusted in order to allow the company to remain “financially sustainable.”
“Absent of any ACCC activity to encourage appropriate change, our most recent wholesale pricing negotiations have failed to yield any effective improvement in our access costs,” Hackett wrote last month upon the announcement of the new plans. “In fact our effective wholesale access costs have actually risen in some geographic areas despite movement in the opposite direction in applicable retail pricing conditions.”
At the time, Internode was considering its options on whether or not it would have to force existing, out of contract customers across to a similar new plan because of the so-called price squeeze.


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Acumen, with support from Dow, Coca-Cola and Standard Chartered hosted the Technical Assistance (TA) Initiative Summit from 14th – 16th May 2013 in Nairobi, Kenya. The Summit signaled the start of the TA Imitative that aims to accelerate the development and distribution of crucial products and services in agriculture, water, sanitation and energy across East and West Africa.
“Dow is proud to collaborate with Acumen to foster sustainable change and business growth in the region,” said Ross McLean, president, Dow Sub-Saharan Africa. “The collaboration represents an important opportunity to create shared learning and open dialogue on how best to support local economies and address societal needs in Africa at a time of significant business growth.”
The Summit brought together 10 social enterprises in Acumen’s portfolio from across East and West Africa. They were joined by Dow, Coca-Cola, Standard Chartered and several other leading corporations. Duncan Onyango, Acumen East Africa Regional Director said “this Initiative will help craft a realistic model to resolve daily operational challenges faced by social enterprises”.
Acumen’s mission is to change the way the world tackles poverty by using investment tools to build businesses that serve low-income communities across South Asia and Africa. Acumen has invested over $30M across East Africa, impacted 81M lives through its investments and helped social enterprises attract an additional $66M. Acumen established a local presence in East Africa in 2007 and has created and supported 44,000 jobs through its investments.
Sapna Shah, Acumen’s Portfolio Manager in East Africa, has invited the social enterprises attending the Summit to apply for Technical Assistance funds available to support their operations as they seek to scale. In addition, plans are underway with several of the participating corporations to engage directly with the social enterprises in support of their growth.
For more information please contact Kenneth Macharia, East Africa Business Development and Communications Manager at Acumen (kmacharia@localhost).
Acumen is a not-for-profit working to change the way the world tackles poverty by investing in companies, leaders and ideas. We invest patient capital in business models that deliver critical goods and services to the world’s poor, improving the lives of millions. Since 2001, Acumen has invested more than $83 million in 73 companies across South Asia and Africa. We are also working to build a global community of emerging leaders that believe in creating a more inclusive world through the tools of both business and philanthropy. Please visit www.localhost for more information.
Dow (DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow’s diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of $57 billion and employed approximately 54,000 people worldwide. The Company’s more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.


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"You guys, imagine this, but all in lip kits," said Kylie Jenner during her interview with the Billionaires magazine Forbes, "I think it needs to be a clear vending machine where you see all the colors."
This is how 'youngest self-made US billionaire' mind’s thinks, Kylie Jenner, the last born sister of the Kardashian-Jenner family and owner of Kylie Cosmetics.
Kylie Cosmetics made their debut in the market two years ago with a 2800KSH “lip kit” which consists of a matching set of lipstick and lip liner. Since its launch, the lip kit has made 63 billion Kenyan Shillings. Other cosmetics like eye shadow and concealer complete the nearly 80 billion Kenyan Shillings net worth of the company. Kylie is the sole owner of the company.
Other sources of her fortune include, TV programs and sponsored products like Puma sports shoes and Pacsun clothing completing her 90 billion Kenyan Shillings worth at only 20. This makes her the youngest person on the fourth annual ranking of America’s Richest Self-Made Women. Her sister Kim Kardashian West is also in the list with a 35 billion Kenyan Shillings fortune.
"What her half-sister Kim Kardashian West did for booty, Jenner has done for full lips," Forbes writes. Jenner admitted during the interview that her natural lips had been “an insecurity” that she wanted to change. What inspired her to help other women with her cosmetics company.
Another year of growth in Kylie’s fortune will make her the youngest self-made billionaire ever, female or male, overcoming Facebook co-founder Mark Zuckerberg, who became a billionaire at 23 years old.
The youngest Kardashian-Jenner sister is worth a cool 900 million dollars (Ksh.90 Billion).


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This March 3, 2011, file photo shows a Borders, the second-largest U.S. bookstore chain, store displaying banners and placards announcing closing business in Washington, D.C. Ann Arbor-based Borders is on the brink of liquidation after the collapse of a deal with the Najafi investment firm aimed at saving the bankrupt company.
Borders Group threw in the towel this afternoon and agreed to submit a previously announced liquidation plan to the U.S. Bankruptcy Court in Manhattan on Thursday.
The Ann Arbor-based bookseller had been trying to reorganize for five months, but was overwhelmed with debt, losses and changing consumer tastes.
Borders now operates 399 stores and employs approximately 10,700 workers. It has 408 employees at its Ann Arbor headquarters and 473 at its 26 Michigan stores. ...


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Dentsu’s John Lee, Global Chief Strategy Officer at its Merkle unit, is joining NBCU in the newly-created role of Chief Data Officer, sitting within the company’s Global Advertising & Partnerships division.
Late last year we spoke with Lee about publisher uses of “identifiers” in audience targeting. We have re-published that video and story with today’s news.
Our report from November:
Little by little, inventions and partnerships are working to heal a digital advertising world wounded by the erosion of third-party identity tracking.
In the latest, MediaMath’s Source buying DSP is integrating another identity solution, purporting to support the identification of consumers across devices on premium publishers’ sites, without cookies.
The solution is Merkury, the ID graph from Dentsu’s Merkle. In this video interview with Beet.TV, Merkle’s John Lee outlines the opportunity.
From third to first base
A recent Digiday survey found 38% of publishers will not have a solution for identifying audience targets after third-party cookies are turned off.
“Identity has been really third-party conversation in the past – third-party cookies, device IDs, things that could be rented and managed by a few companies that maintain these big identity graphs,” Lee says.
“With cookie deprecation, with increasing consumer privacy regulation depending on which market we’re talking about, the ability to rely on these third-party identifiers is obviously becoming obsolete.
“So the conversation’s needing to shift inherently for the buy and the sell side of the equation, the clients, the brands and the publishers to take ownership of their own identity, which is primarily based on first party data as we go forward.
“We are transitioning towards a world in which brand and publisher ownership of first party identity is going to be the key to maintaining addressability in the ecosystem.”
Merkle has recently been building out its identity chops, off the back of its Merkury, an identity graph platform covering 96% of US adults aged over 18 that includes associated email addresses, device identifiers like cookies and device IDs.
It recently acquired 4Cite Marketing, bringing in a first-party identity engine, allowing Merkury to incorporate first-party data like web and email traffic, helping ad buyers and publishers enable personalisation and targeting.
Lee hails it as “a huge step forward” in a world where traditional third-party identifiers are drying up. More than that, in MediaMath’s Source, ad buyers have more extensive information available about their ad supply chain.
“The marketers can go in and see how all the different pieces connect and where all the handoffs are,” Lee says. “That applies not just to the programmatic bidding pipes, but it applies to the identity pieces as well.
“So with Source, MediaMath welcomes us to say, ‘Hey, bring your Merkury ID into source and we will use it being a cookie-less ID as the currency that we allow advertisers to use to manage reach frequency’.”
Here is the press release on today’s news.


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Marico is aiming for a 10 percent market share in the health and immunity segment, banking on the growth of its honey and chyawanprash offerings, the FMCG major’s management told CNBC-TV18 on Tuesday. As part of its growth strategy to become a full-spectrum foods player, Marico is aiming to achieve a turnover of Rs 350 crore this fiscal and hit Rs 500 crore by the end of FY22, clocking a 30-40 percent growth.
The health and immunity products have taken off in a big way over the last year with several companies launching new products amid rising health awareness in the backdrop of the COVID-19 pandemic. According to Nielsen’s latest data, ‘Hygiene & Immunity building’ categories clocked a value growth of 46 percent versus the year-ago, along with a 34 percent volume growth.
Marico plans to launch differentiated products under these two brands to cash-in on the health and immunity segment. In fact, for Marico, honey has been doing well with the company expecting a Rs 100 crore run rate by the end of this fiscal.
Saugata Gupta, Managing Director, Marico told CNBC-TV18 that the company has crossed 10 percent market share for honey in modern trade (supermarkets) and e-commerce.
Chyawanprash, on the other hand, is a fairly new entry for Marico and the company will now grow this segment as well with differentiated products.
“Chyawanprash will take some time. We have launched Chyawan Amrut also in this space and we will have differentiated products. It is still a test market product. So it will take some time before we gain critical mass,” Gupta said.
Marico sees a big opportunity in the chyawanprash segment given the size of the market is estimated to be around Rs 1,000 crore and where Dabur currently claims to have an over 60 percent market share.
Marico also sees a huge potential in the plant-based protein segment, which Gupta estimates to be a Rs 900-crore branded category.
“People are looking at protein alternatives which are healthy. The category is growing in double digits and we are hoping to get a sizeable share of this in 3-4 years. We will look at value-adding to Soya chunks,” Gupta said.
In fact, catering to the segment is the larger part of Marico’s plan to become a full-spectrum foods player. The foods business, which comprises the health and immunity segment, oats and plant-based protein is expected to clock roughly Rs 350 crore of turnover this financial year and grow to Rs 500 crore by the end of FY22, clocking a 30-40 percent growth.
While the company is focusing on health and immunity food products, on the personal hygiene front, it is seeing a drop in demand for products such as sanitisers, disinfectant sprays, among others. The company will completely defocus these segments and is likely to stop selling most hygiene products in five-six months.


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A recent study found that the social network is still the dominant platform in the restaurant space, although Chipotle begs to differ.
Everyone knows that social media has completely changed marketing. According to Toast’s recent 2019 Restaurant Success Report, 34% of restaurant operators and owners have a dedicated employee whose full-time job is running social media.
In recent years, social media has changed from being a platform for brand advertisements to a place for unique and complex marketing campaigns. Considering Facebook has a staggering 2 billion users and Instagram 1 billion, it seems absurd that 12% of brands are still hesitant to get onboard.
Although 91% of brands in the restaurant space leverage Facebook over other platforms, that isn’t stopping some companies from experimenting with new apps.
Chipotle recently became the first and only major restaurant franchise to have a TikTok account. The decision seems to be paying off for the brand, who embarked on a six-day #ChipotleLidFlip campaign, which ran in early May, generated 104 million video starts.
The brand’s foray into TikTok doesn’t stop there. Last month’s #GuacDance challenge generated 250,000 video submissions and 430 million videos—TikTok’s highest performing branded challenge yet. The hashtag brought results in the real world as well, with the chain’s avocado usage jumping 68%.
It could be this new marketing strategy that has resulted in McDonald’s decision to replace leaving CMO with an SVP of global marketing and SVP of marketing technology. Only time will tell if other brands follow suit.
It all begs the question—if a brand isn’t pioneering a viral fast-food-dance-challenge in 2019, are they even marketing?


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With the rise of internet-enabled devices and the highest smartphone penetration in the world, video content delivered via the internet – known as Over-The-Top video (OTT) – has never been more sought after in Singapore.
Blackbox was tasked by the Media Development Authority of Singapore (MDA) in 2015 with establishing the impact of increased awareness and availability of OTT video on local viewers. The study’s findings help to paint a clearer picture of Singaporeans’ changing video usage, preferences and habits.
Our findings show that many viewers are turning their attention away from traditional TV, instead preferring online alternatives. Over half of the Singaporean population now watch OTT video, this figure increasing to nearly 90% in the millennial age bracket. Despite this migration, 77% stated that they would not be prepared to pay for future online content, with only 11% of the population doing so currently. These findings highlight both the challenges being faced by traditional media, as well as the need to reinvent online content delivery to ensure its monetisation.
Click here to view the statement from MDA and read their full report.


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CHARLES CITY, Iowa – A man is pleading not guilty to credit card fraud in Floyd County.
42-year-old Danny Jay Brown of Charles City was accused in December 2017 of illegally using a company credit card for personal uses. Authorities say that between April and June of 2017, Brown used a card belonging to his employer to buy $7,200 in goods and services.
Police say those purchases included gas, auto parts, games and Play Stations.
Brown’s trial is scheduled to begin on March 22.
- Guilty plea in Charles City credit card fraud
- Not guilty plea in Charles City credit card fraud
- Grafton man pleads not guilty to credit card fraud
- Rose Creek woman pleads not guilty to credit card fraud
- Mason City man to stand trial for credit card fraud
- Mason City man gets second sentence for credit card fraud
- Ex-employee arrested for using Charles City company's credit cards
- Charles City man arrested for Medicaid fraud
- Osage teen to stand trial for credit card fraud
- Guilty plea in injuries to baby in Charles City


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More than $1 million in rat and small mammal meat was passed off as mutton in a ring Chinese police busted, in a country wrought with environmental pressures such as the bird flu outbreak and incidences of fake or toxic food run high.
Fake meat was likely sold in Shanghai and in Jiangsu provinces, CBS reported, and 63 have been arrested in connection with the ring. More than 22 tons of fake or inferior meat products, which appears to have been on the market since 2009, have been seized by authorities, officials said. And that number is likely to rise.
Urgent: Is Obamacare Hurting Your Wallet? Vote in Poll
The arrests were a fraction of the 904 arrests authorities made since the end of January. The suspects have been accused of producing or selling fake or tainted meat products masked with chemicals, the Ministry of Public Security said in a statement posted on its website on Thursday, according to Reuters.
One of the suspects, Wei, who was thought to lead the ring, reportedly purchased the unpalatable meat, treated it with gelatin, carmine, and nitrate, then spiced it up to sell it as mutton (lamb). He spiced up meats like rat, fox, and mink.
Users took to China's microblogging site Sina Weibo to vent their outrage.
"Rats? How disgusting. Everything we eat is poison," one user wrote.
The ministry didn't say much to help people feel less disgusted, effectively shrugging their shoulders.
"Food safety crimes are still prominent, and new situations are emerging with new characteristics," the ministry's statement said.
Just a month ago, consumers had another all-consuming food-related concern: an outbreak of the H7N9 bird flu virus, which deterred many consumers from purchasing poultry.
Reuters reports that the outbreak caused sales to drop 80 percent in eastern China, where the virus has been most prevalent
. Officials have asserted cooked chicken is in fact safe to qualm fears.
Before that outbreak, more than 16,000 rotting pigs were found floating
in one of Shanghai's main water sources in March and more than 1,000 dead ducks were found as well
. The source was likely over-crowding at pig farms; farmers dumped their carcasses in the Huangpu river. In that case as well, officials tried to reassure residents the water was safe to drink.
Renmin University professor Mao Shoulong told the New York Times that China should expect more scares in the years to come.
“The United States and Europe can’t eradicate these problems either, but they are even more complicated in China,” Shoulong said. “Chinese food production has become larger scale and more technological, but the problems emerging also involve using more sophisticated technology to beat regulators and cheat consumers."
Officials have to come up with more advanced technology to quash the issue.
“The government’s efforts need to catch up with the scale and complexity of the problems,” he said.
: These 7 Things Activate Alzheimer’s In Your Brain
CDC: Following New Bird Flu Closely, Preparing Vaccine
© 2016 Newsmax. All rights reserved.


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Cambridge Sensotec Ltd, manufactures portable and bench mounted gas analysers and recently celebrated its tenth anniversary.
The company found its footing a decade ago in the modest environment of a bedroom. Since then, the firm has grown significantly into an ISO accredited manufacturer and exporter of gas analysers. In celebration of this landmark birthday, the company has undergone significant rebranding and launched a new website.
The relaunched and re-vamped site now features a full on-line shopping cart service. Furthermore, the company has announced plans to move to larger premises in the New Year. Initially the company specialised in zirconia sensors for measuring low ppm oxygen; particularly in vacuum applications. Among its first releases was The Rapidox 2000 and 3000 analysers which were launched in 2001, these were subsequently succeeded by the Rapidox 2100 and 3100, which are still sold today.


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A Pablo Picasso painting has smashed the world record for the most expensive piece of artwork to have ever sold at auction.
Women Of Algiers (Version O) went for $179.4million (£115million).
It comes as a piece by Alberto Giacometti has become the most expensive sculpture ever to be sold at auction at $141.3million (£90.7million).
The bidders wished to remain anonymous.
The life-size Pointing Man was among dozens of masterpieces from the 20th century that Christie’s offered in a sale titled Looking Forward To The Past.
Christie’s global president, Jussi Pylkkanen, said: ‘I’ve never worked with two such beautiful objects.’
Overall, 34 of 35 lots sold at last night’s New York auction for a total of $706million (£453million).


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PITTSBURGH (KDKA) — Starbucks is bringing back its free coffee giveaway for first responders and health care workers as the number of COVID-19 cases continues to rise.
The Seattle-based coffee giant made the announcement that starting Tuesday through Dec. 31, “any customer who identifies as a front-line responder to the COVID-19 outbreak” will receive a free tall brewed coffee, hot or iced.”READ MORE: Giant Eagle Looking To Fill More Than 1,000 Permanent Jobs
Starbucks started their initiative in March, as the pandemic started sweeping the nation, and gave out millions of free cups of coffee.READ MORE: Pittsburgh Weather: Wind And Light Drizzle Expected On Tuesday
“It has been an extraordinarily difficult year, especially for the front-line responders who are serving our communities,” said Virginia Tenpenny, Starbucks vice president, Global Social Impact. “We want to show our deep gratitude for those who support and protect us every day with a small gesture of kindness and a cup of coffee.”MORE NEWS: FDA Advisory Panel To Discuss Endorsement Of Pfizer's COVID-19 Vaccine For Children
For more details on who is eligible, click here.


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The Board of Commissioners approved an increase in the county’s annual tobacco retail license fee March 14, the first increase since the program went into effect in 2016.
“Before the tobacco retail licensing, we had no way to track who was selling tobacco in our community. We had one of the highest rates of illegal sales to minors in Oregon and nationally,” Chair Deborah Kafoury said Thursday. “This allows us to provide education, to do inspection, trainings, compliance… Illegal sales to kids are down significantly, and that’s exactly the outcome we were looking for.”
Illegal tobacco sales
Youth advocates and public health experts in Multnomah County began advocating for a retail license program in 2015. At the time, the rate of illegal sales of tobacco to minors in Multnomah County was triple the national rate according to studies by the U.S. Substance Abuse and Mental Health Services Administration.
Federal compliance checks the year before had found nearly one-in-three stores in Multnomah County illegally sold cigarettes to youth under 18. A study of 411 retail stores in Multnomah County described a landscape where tobacco was heavily advertised, discounted, and sometimes sold illegally, to boost sales to minors.
Yet Oregon, unlike most states, had no tobacco retail licensing. And without knowing where tobacco and nicotine products were sold, Oregon counties couldn’t systematically hold businesses accountable for illegal sales to minors. Most counties had no retail licensing program of their own; and those that did charged only a nominal fee that didn’t cover the cost of enforcing the law.
In 2015, the Multnomah County Board of Commissioners held six public meetings and convened a Tobacco Retail Licensing Committee that included vendors who sold tobacco. The county considered establishing a graduated fee for the license, based on sales volume. But such a fee could be considered a tax, they learned, and Oregon law preempts counties from levying tobacco taxes.
“It would be great if we were not preempted from taxing tobacco,” Commissioner Jessica Vega Pederson said Thursday as she considered whether to support the increase.
Instead the Committee in 2016 recommended each vendor apply for a license and pay a fixed fee, established at $580, that would allow the county to support retailers in complying with laws regarding tobacco marketing and sales to minors.
The license rule went into effect July 1, 2016, and within six months, 691 stores had obtained a license. Over the next 12 months, the tobacco control team conducted 129 Outreach visits, 886 routine inspections, held 3 in-person trainings, developed an online training, and levied 13 fines.
Raising the Sales Age
Multnomah County meanwhile lobbied the state to raise the age at which people could buy tobacco and nicotine, and in 2017, the Legislature did just that, increasing the legal purchase age to 21. When the law went into effect in January, 2018, Multnomah County hired a team of teens to pair up with inspectors and ensure vendors were following the rules.
The past year has shown how well the system works, Kari McFarlan, the tobacco control and prevention manager, said Thursday.
By August of 2018, her staff of inspectors and undercover teens had conducted 525 inspections. The youth would try to buy cigarettes, cigarillos, e-cigarettes or flavored e-liquids containing nicotine. The youth were ages 18 and 19 years old and carried their valid state-issued ID, which they would present if the store clerk asked. If asked their age, the youth couldn’t lie.
Of those inspections, 84 retailers failed, triggering a non-negotiable $500 fine and mandatory training. Of those who failed, 7 failed again, triggering another fine and a 30-day suspension of their tobacco retail license.
By March 2019, the tobacco control team had tallied 916 inspections, while the violation rate continues to hover at about 15 percent. That demonstrates how a healthy license fee supports healthy oversight.
“Our goal is to reduce youth access. Nationally, the evidence indicates that robust programs are associated with a reduction of teen smoking and vaping,” McFarlan said. “That’s our public health goal.”


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Realme is all set to launch the Realme 5 series smartphones on August 20. The Realme 5 series consists of the Realme 5 and the Realme 5 Pro and will go on sale via Flipkart. Ahead of the official launch, a Geekbench listing has revealed some of the key tech specs of one of the devices.
The device is marked as ‘realme RMX 1911’ and doesn’t reveal the exact identity. It is expected to arrive as the Realme 5. The device was also recently certified in Thailand and Malaysia, paving a way for its launch in these regions. In the Geekbench listing, it performed along the expected line for a phone in its class managing a score of 1525 and 5498 points in the single-core and multi-core tests respectively.
The listing further reveals that the handset will be powered by a chipset nicknamed ‘trinket’ which is the same processor for devices like Xiaomi Mi A3 and the Mi CC9e. They are powered by the Snapdragon 665 and if the listing is genuine, it would be safe to assume that the Realme 5 will house the same chipset. It will be paired with 4GB RAM and run Android 9 Pie out-of-the-box.
The other specs of the Realme 5 are yet to be revealed. However, the Flipkart teaser and the company itself confirmed that it will ship with a quad-camera setup on the rear. It is part of a company’s plans to launch every Realme phone with a quad-camera setup. The Realme 5 is rumored to sport a 16MP camera and a teardrop notch to house the selfie camera through the exact details are yet to be made public.
The pricing and availability of the Realme 5 series will be revealed on August 20. We will be covering more details from the launch event. Till then, keep tuned.


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Pharmaceutical giant Glenmark Pharma is reportedly set to announce a stake sale in its subsidiary, Glenmark Life Sciences. The proceeds from the sale are expected to help in debt reduction and facilitate the company’s expansion in the US market.
What Happened: Glenmark Pharma is likely to discuss the proposed stake sale in Glenmark Life Sciences at a press conference later today, according to a report by CNBC Awaaz. Glenmark Pharma, however, has not officially confirmed this yet.
As per shareholding patterns for the June quarter, Glenmark Pharma currently holds a majority stake of 82.85% in Glenmark Life Sciences. A potential reduction of 7%-8% in company’s stake in Glenmark Life had earlier been hinted by VS Mani of Glenmark Pharma during a conversation with CNBC-TV18.
Glenmark Life Sciences, a company that specialises in developing, manufacturing and supplying non-commoditised APIs in chronic therapeutic areas, is expected to witness a boost in its share value post the announcement.
Why It Matters: The potential stake sale is a significant move for Glenmark Pharma as it aligns with the company’s strategic plan to reduce debt and expand in the US market. This step would also help it comply with the public shareholding norms, potentially increasing the liquidity of Glenmark Life Sciences’ shares.
Get all the latest Share Market trends and news to set you up for the week ahead.
The announcement is expected to positively impact the share value of Glenmark Life Sciences, thus benefitting the shareholders.
Price Action: Glenmark Life Sciences’ share price was up 0.49% at ₹638.20
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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U.S. Big 3 automakers prepare for the worst
A lot has been reported in the general media about the American ‘Big 3’ automakers asking for U.S. government loans to help them survive the current economic crisis, considering the companies were in bad shape to begin with. While almost everyone expected them to get the loan, politicians blocked the money in the end just yesterday.
Basically, the American government has already agreed to hand over $700 billion in ‘bailout’ money to incompetent financial institutions such as Citibank and others to cover their massive losses. These stupidly-managed institutions have made world stock markets collapse, which is why people can’t get car loans or home mortgages even in this part of the world right now, as all banks cut down on spending.
Due to this, the ‘Big 3,’ namely General Motors, Ford and Chrysler, asked for a total of $34 billion from the government to continue their restructuring plans, currently being hindered by the crisis. However, unlike the dimwitted banks, the Big 3 had to suffer various sessions of public questioning to beg for the money. Having passed through various levels of politicians, the amount eventually came down to $14 billion, and now to zero.
Reports also suggest that the UAW — a powerful and greedy auto-workers union that forces the Big 3 to pay high salaries and benefits to blue-collar factory workers — have refused to take further pay cuts that would make their salaries similar to that paid to workers in American factories for foreign automakers.
Chrysler and GM have already hired bankruptcy lawyers, while Ford says they can hold on a little longer. For decades, the American car companies made awful products and managed their costs poorly. Now they are paying the price, just when they finally are building class-leading products. Analysts say the Big 3 going bankrupt will worsen the recession, which means the world will continue to go down with the Americans.
Whether you love or hate American cars, everyone will be affected. We assume at least some of the popular brands will survive after bankruptcy, including Jeep, Chevrolet and of course Ford. Car prices overall are coming down right now in the GCC, since demand has fallen and few can get bank loans. But imagine the prices other car companies will ask for, once a huge chunk of their competition is gone in the near future. Here’s hoping for the best.


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Second hotel, final piece of Germantown's Thornwood development, passes planning commission
A second hotel is in the works for the Thornwood development and is closer to breaking ground after the Germantown planning commission approved a final plan for the hotel.
The commission unanimously voted in favor of the plans for a 114-room Marriott-TownePlace Suites hotel — the final phase of the 17-acre mixed-use development — on Tuesday. The item passed with little conversation among commissioners.
Commissioner Dike Bacon said he was excited to see how the project has come together over the years, and Alderman Forrest Owens called Thornwood a success story.
Documents submitted to the planning commission indicate the hotel will be housed inside a five-story, 83,000-plus-square-foot building. About 5,500 square feet on the first floor will be for commercial or retail uses.
The hotel, which will occupy 1.2 acres at the corner of Neshoba Road and Owen Manor Avenue, will also have surface level and underground parking. It will also feature a rooftop event space.
The hotel represents the sixth and final phase of the smart-growth project.
Developer Spence Ray said the existing hotel in the development was often full even during non-event weeks.
“We are very excited about this project,” he said. “The Hampton Inn and Suites is doing fantastic.”
Ray added that the nightly room rate was recently raised to more than $200 due to demand, putting it 30 to 40% of other nearby hotels, he told the commission. He said he thought the success of the hotel was due to the shopping and dining options offered in Thornwood and Germantown’s safe reputation.
“Why would someone pay such a premium to be at a hotel when they can be in proximity?” he asked. “We think it’s the atmosphere of the overall development.”
According to Ray, all but three retail spaces in the development are rented, the Market Row and Residences apartments at the complex are more than 75% full, leading to a rise in rental rates at the end of last year.
No one spoke about the project during public comment Tuesday.
The planning commission approved an amended outline plan for Thornwood in February. The board of mayor and aldermen is set to consider that outline plan at a regularly scheduled meeting Monday. The plans for the hotel approved Tuesday by the planning commission will also have to be approved by the board of mayor and aldermen.
Corinne Kennedy is a reporter for The Commercial Appeal. She can be reached via email at firstname.lastname@example.org or on Twitter @CorinneSKennedy


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On Saturday, April 6, the lobby of Ogden Hall became a venue for the global fashion industry’s latest movement–sustainable fashion. The event, called ReFashion, featured the work of local high school students including three from Storm King, who collaborated with a graduate student of New York City’s School of Visual Arts. Mrs. Pratiksha Rathi, who is studying Design for Social Innovation at SVA, recruited the students’ help earlier this year while preparing her graduate thesis on the topic of recyclable fashion.
Storm King students Emily Elizabeth Kent ’21, Gloria Siyu Wang ’19, Iris Xuechun Zhang ‘19 and several students from Beacon High School had the initial task of assisting Mrs. Rathi in researching the topic of sustainable fashion–fashion that is derived from recycled, repurposed, and environmentally-friendly materials. Following their research, the students collected suitable fabrics, second-hand clothing, and other materials to use as they created their own ReFashion designs. At Saturday’s event in Ogden Hall, Mrs. Rathi presented her thesis along with the students’ work. During the presentation, each student had the chance to explain their own sustainable creation to an audience of faculty, family members, and fellow students.
For sophomore Emily Elizabeth and seniors Gloria and Iris, assisting Mrs. Rathi was a very positive experience. While the students used their creativity and applied what they learned in Storm King’s inaugural fashion design class this past fall, Mrs. Rathi benefited from their enthusiasm and their understanding of the subject matter. “Our cooperation fit perfectly and the students were wonderful to work with. I really appreciated their efforts, skills, and creativity. It was definitely a win-win situation for both sides,” explained Mrs. Rathi. The three Storm King students, as well as Beacon High School junior Marianne Fultz, agreed.
“We started working on the project in January after Mrs. Rathi contacted our schools searching for fashion students who were interested in helping out,” explained the students. Iris and Gloria spent a lot of time conducting research before they created their pieces. “We researched environmental fashion designers, environmentally friendly fabrics like organic cotton, and we tried to understand the market for sustainable fashion. Our research started in January and we began sewing the clothing after spring break,” explained Gloria. “We were very interested to participate in this project. Many fashion design students don’t realize the importance of creating sustainable fashion. They are just in it for the creativity and designing. They aren’t aware of all the negative impacts this industry can have on the environment. We hope to help change that in the future,” continued Gloria and Iris. “For me, I’m happy to know that I can still make creative pieces of clothing that are not harming our natural world,” added Emily Elizabeth.


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After a long time of being shoved aside by competing architectures like ARM and X86, IBM has decided to strike back by creating an alliance with companies like Google, Mellanox, Tyan and Nvidia to breathe new life into its Power architecture.
IBM’s own family architectures and instruction sets called Power were fairly common back in the days and was once considered a strong opponent to Intel’s X86 architecture. Power was base for many Apple Mac computers and was also found inside many of last generation video game consoles; Xbox 360, Playstation 3 and Nintendo Wii.
IBM has cooperated with other companies in the past to further develop and market its architecture, including Apple and Motorola. But after ARM got its big breakthrough on the mobile market Power has lost market shares and dropped almost 25 percent of the revenue in the last year. It is nowadays mostly used in servers.
A new alliance and more open marketing model
IBM has teamed up with several big names in the industry to form a new alliance, Openpower Consortium. The team consists of IBM, Mellanox, Tyan, Nvidia, and Google, and the goal is to give the Power circuits a bigger presence among servers, data centers and storage.
At the same time IBM takes a big step and has turned Power open for other to contribute in the development and available for licensing, after being locked down as a proprietary technology at IBM. Openpower Consotium welcomes other companies that want to contribute to the alliance.
The new marketing model reminds a lot of the one ARM uses, where companies can acquire licenses for complete products or design their own. For example Nvidia wants to combine Power with its own GPU technology and CUDA, which is also available for licensing today.
When the cooperation may result in new servers and other products is unclear, but it is very interesting how many previously proprietary technologies are transferred into new, open models.


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Apple reportedly ready to release a mini-version of the course will also be priced cheaper than its flagship smartphone, the iPhone.
Quoted from Techradar, Saturday (2/23), according to the report, the presence of the iPhone Mini will happen this summer.
BlackBerry Live event held in Orlando, USA, Tuesday (14/5), BlackBerry announced their new hero on the BlackBerry 10 platform, the BlackBerry Q5.
Quoted from Ubergizmo, Wednesday (15/5), according to a recent leak outstanding, the Q5 is a cheap version [...]
News of the warm coming from two future Samsung products mentioned in this release, the Galaxy Tab 3 and Galaxy Note 3.
Quoted from Ubergizmo, Thursday (21/3), both rumored to appear first on IT exhibition IFA 2013 in Berlin, Germany.
This event is scheduled [...]
The good news for you smartphone users had Windows Phone OS. Angry Birds can now be downloaded for free.
Quoted from Ubergizmo, Thursday (2/5), Angry Birds has changed the status of being free is the original version, that is Angry Birds first.
According to previous reports in which 40 percent of the 70 thousand applications available for BlackBerry 10 is the result of the Android port, apparently Skype is one of them.
Quoted from Neowin, Friday (2/8), the Skype application on the BlackBerry [...]
Google has finally released Google Now app for Apple devices, the iPhone and iPad.
Quoted from Techradar, Tuesday (30/4), as a whole, Google Now in the both iOS device that is very similar, and no different with the launch for Android.
For those who [...]
Moscow – Thousands of Russian citizens were mobilized to clean up the damage caused by the meteor hit near the Ural mountains failed to find the space rock fragments. Failing that later sparked a conversation about the conspiracy theories about [...]
Amazon, one of the sites online stores which previously launched the Kindle Fire, is currently preparing the set-top box itself.
Set-top box (STB) is a device that plugs into the receiver where the TV is capable of displaying special display or like [...]
Sony has just announced a new game console, the PlayStation 4, the PlayStation event in the U.S. (2/21). What are the new features of the PS4? The following brief review.
Yes, PS4 will include a new controller called the DualShock 4. Controller [...]
Hewlett Packard (HP) as one of the printer manufacturers claim the new printer, the HP Officejet Pro X Series X476 and X451 Color MFP, the fastest printer in the world.
Recorded in the Guinness World Records, the printer is capable of printing 70 pages [...]
Good news for you gamers fans of Assassin’s Creed. The latest series of the popular game will be back for the Xbox 360, PS3, and Wii U.
Quoted from IGN, Friday (3/1), as the publisher and developer Ubisoft game plan will reveal the details of the [...]


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Woo hoo. Another way to save money and get us out of this recession - sell off Britains woodlands. That's what the Government is trying to do right now. News here.
Save our forests! There's a petition to sign here.
DESIGNER - mel armstrong - Today I wanted to introduce two more designers who have joined the P&P Directory. The first is Mel Armstrong a freelance pattern designer and illustrator f...


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At last week’s San Diego Comic-Con, Capcom debuted a brand new playable build of Resident Evil 6 featuring missions for the game’s three protagonists – Leon S. Kennedy, Chris Redfield and Jake Muller – as well as an RE6 panel where the development team showcased further new content from the game.
In addition, Capcom showed a new trailer for the game. With devastating bioterrorism incidents occurring simultaneously across the world, this trailer shows horrific panic moments witnessed by Leon Kennedy, Chris Redfield and their comrades pushing them that much closer to the edge of sanity. Is there really no hope left?
If you can’t wait for the October 2 release date for a hands-on taste of Resident Evil 6,remember that a demo of the game is available now, exclusively for owners of the Xbox 360 version of Capcom’s excellent Dragon’s Dogma role-playing game.


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The Amazing Binh Dinh Fest 2024 is currently underway in Binh Dinh province, featuring a plethora of cultural, sports, and tourism activities. Alongside this festival is the Grand Prix of Binh Dinh 2024, an international powerboat tournament aimed at showcasing the culture, tourism, history, and sports spirit of the central province.
The Amazing Binh Dinh Fest 2024 highlights include a culinary culture festival, a buffet party featuring 77 local specialities, an international music program, a Binh Dinh Martial Arts performance, an Aquabike show, and a drone lights and motorised paragliding display. Additionally, there will be an investment promotion conference and a trade promotion conference organised by the Vietnam-Canada Business Association.
According to the Investment Promotion Center of Binh Dinh province, the Binh Dinh investment promotion conference on March 29 will see the participation of 11 billionaires from Thailand, South Korea, Sweden, Israel, Singapore, and the UAE. This conference is part of the Amazing Binh Dinh Fest 2024 Week, scheduled from March 22 to 31. Approximately 1,000 delegates from government agencies, embassies, international organisations, business associations, and companies will convene at the Binh Dinh Provincial Convention Center in Quy Nhon City for the conference.
Here is the list of the 11 world billionaires attending the conference:
- Mr. Peter Palanugool (Thailand) – Chairman of Bangkok Assay Office Group, involved in various sectors such as real estate, tourism, golf, jewelry, cosmetics, and gold processing from electronic waste.
- Businessman Lee Soo Man, founder of SM Entertainment, a company managing artists and operating in music, event organization, and music publishing. SM Entertainment plays a significant role in the global spread of the Kpop movement.
- Billionaire Muhammed Akhtar Zaman (Swedish), founder and main shareholder of Kmanjaro Holdings Group, Chairman of Royal Falcon Group, and co-Chairman of 6G Digital Sweden Company. With over 25 years of experience, he has built businesses worth more than $9 billion for shareholders, strategic partners, and governments of Vietnam, Cambodia, and Laos.
- Billionaire Cyril Dissescou (Singapore), founder and CEO of Nexif Ratch Energy SE Asia Pte., Ltd, specializing in energy, thermal power, and oil and gas.
- Three Israeli billionaires: Mr. Rami Levy, president and CEO of Rami Levy Hashikma Marketing; Mr. Yhouda Levy, co-founder of Rami Levy Hashikma Marketing; Mr. Aviv Yosef Brosilovski, president and general director of Forta Pro.
- Billionaire Oded Zucker, advisor to Grupo Salinas, with assets of about 2 – 3 billion USD, serving as a bank manager and direct investment advisor to 10 of the most famous and wealthy families in Mexico and Israel.
- Billionaire Carl Anthony Cruz, chairman and general director of Cross Energy Corporation, a major real estate investor in Mexico with investments in seaports and energy.
- The United Arab Emirates is represented by two billionaires: Mr. Taher Ali Shahin Albulushi Altahri, chief executive officer of UB General Trading FZC, and Mr. Saif Ali Shahin Mohammed Altahri, chief executive officer of the UB General Trading FZC trade group.


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Changing consumer behavior will make this economic slowdown like none the restaurant industry has seen before, according to a new report from The NPD Group.
Even as restaurants feel the pinch of slowed spending by skittish consumers, other trends—like the shift from meals to snacking, more ready-to-eat meal options and fewer women entering the workforce—are exacerbating the situation, the Port Washington, N.Y.-based research firm found.
“While the economic situation is having an impact on consumer confidence and behavior, this particular slowdown goes beyond just plain economics,” said Bonnie Riggs, an NPD analyst. “We are seeing a shift in consumer behavior as it relates to consumer purchase behavior.”
In fact, according to NPD, a bad economy does not always translate into slowed restaurant traffic. Although the restaurant industry has experienced five economic downturns in the last three decades, four of which were recessions, not all these periods of economic stress resulted in traffic declines.
“Each recession had unique characteristics…different things that caused the recession,” Riggs said. “Today’s slowing economy is having its impact on the restaurant industry, and there is a lot that can be learned from the past.”
The restaurant industry experienced its steepest traffic decline during the period of highest food and energy prices from 1979 to 1980. According to the data, restaurant industry traffic declined 4 percent in 1979, after a 6-percent gain the prior year. In 1980, traffic declined another 2 percent.
In 1982, and again in 1990 and 1991, the country experienced not just economic downturns, but recessions. A recession is defined as two or more consecutive quarters of negative gross domestic product. Despite the recessions, however, restaurant industry traffic did not decline during those periods and the industry was virtually unscathed. According to NPD’s data, in 1982 traffic was up almost 2 percent over the previous year. In 1990, traffic increased 2 percent over the prior year, and it inched up another 1 percent in 1991.
“Operators learned some things [from the previous downturn],” Riggs said, explaining why traffic did not decline during these periods. “They cannot pass on all high food costs to consumers.”
But the steps operators took to drive traffic in the early 1980s and 1990s weren’t enough to combat the many forces—from corporate scandals to Sept. 11 to the war in Afghanistan—that were working against the industry in 2001, 2002 and 2003. Although traffic didn’t dip nearly as much earlier this decade as it did in the late 1970s, NPD found the slowdown from 2001 to 2003 to be one of the longest periods of sluggishness for the industry. According to the data, traffic declined 1 percent in 2002, after only a modest 1-percent gain the prior year. Traffic continued to decline in 2003, dipping another half percent.
Today, customers once again are reining in their eating out. Total customer traffic was up barely 1 percent in 2007, according to NPD.
In February, NPD asked consumers who had visited a restaurant in the past 30 days how rising food costs were affecting their eating-out behavior. More than one-third of respondents said they were visiting restaurants less often, while nearly a third said they were cooking more at home. A significant portion of respondents also noted that when they did eat out they still were looking for ways to save money. For instance, they said they were more likely to have tap water as a beverage, look for restaurants offering specials, order from value menus and order less expensive entrées.
The shift in consumer purchase behavior can be seen in daypart performance as well, NPD found.
Historically, supper has held up best during periods of economic stress. Even though supper traffic was negative during the downturn from 1979 to 1980, that daypart fared better overall, Riggs noted. During the downturn in the early 1990s, supper traffic was up 3 percent in 1990 over the prior year. In 1991 traffic was up 1 percent.
“We’re not seeing that this time around,” Riggs said. “[Supper] is taking a hard hit.”
According to NPD, there’s been little growth in supper traffic since 2000. In the year ended November 2007, supper traffic declined nearly 2 percent, after posting no growth the year earlier.
Typically, lunch is most affected by recessions led by high unemployment, such as in 1982, NPD found. Despite what experts say is a fully employed economy, the data reveal that lunch traffic has been slowing, and at times has trended down, for the last few years. In the year ended November 2007, lunch traffic was flat, after slowing 1 percent the year earlier.
Over the years, the morning meal has fared well during stressful economic periods and continues to perform well in the current downturn. Morning meal traffic has been on the rise since 2002. In the year ended November 2007, morning traffic was up more than 5 percent, after growing more than 4 percent in the prior year.
While snacks, considered the most discretionary meal, are usually among the first to go during tough times, there has been strong growth for the meal occasion in recent years. In the year ended November 2007, snack traffic was up nearly 4 percent, after growing 4 percent the year earlier.
During the current downturn, consumers also are straying from their historic tendency to eat more meals off-premise, NPD found.
In the past, convenience needs, largely driven by the growing number of women entering the work-force, supported the off-premise side of the business, Riggs noted. However, with the growth of women entering the workforce stalled since the early 2000s, that support has diminished. In addition, time-pressed consumers have more off-premise meal options than ever before.
“Even though inflation at supermarkets is the highest it’s been in 17 years, there are more fast, inexpensive options available to consumers at grocery stores that didn’t exist years ago,” Riggs said. “The ready-to-eat meals, frozen meals, etc., have multiplied over the years, giving consumers more options and putting downward additional pressure on the restaurant industry.”
The housing crisis and the weak U.S. dollar also make this downturn unlike any other, Riggs noted.
Despite the challenges ahead, Riggs said there are steps operators can take to help themselves.
“[Operators] are going to have a strong value proposition, but one that has a competitive edge,” Riggs said. “Right now everything is the same. If [they’re] going to drive traffic, [operators] are going to have to do something outside the norm.”
For the operators who thrive during difficult economic times, the secret is not about offering something new and trendy, but doing what they already do even better.
Glendale, Calif.-based IHOP ,which celebrates its 50th anniversary this year, attributes its survival, at least in part, to continuous improvement. Although IHOP has had its ups and downs over the last half-century, the 1,344-unit chain has reported 20 consecutive quarters of positive same-store sales.
“You have to evolve but give people what they expect,” said IHOP spokesman Patrick Lenow. “We’re not going to let a tough economy get us off our game.”
Since its inception in 1983, Burlington, Vt.-based Bruegger’s Bagels has survived through everything from challenging economic times to a change in ownership to the Atkins Diet craze. Currently, the 275-unit fast-casual bakery chain is on its 15th consecutive quarter of same-store sales growth. One key reason it has been able to maintain and grow customer visits, particularly at lunchtime, in the current economy is its commitment to customer service, officials said.
“We have focused extensively over the last three years on guest service,” said Chris Cheek, vice president of franchise development for Bruegger’s. “What that translates into is [we’ve] become the neighborhood bakery of choice.”


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Thieves stole the Bible at night, first trying to remove a portion of the window using glass cutters, then when that didn't work, resorting to a smash and grab approach breaking the window and taking the book.
The Bible was the only thing taken, said Robyn Pyrczak, manager of the Bibles for Missions thrift shop on Victoria Road South.
"They obviously had it planned out," said Pyrczak.
Pyrczak didn't want to tell CBC News the value of the bible but said the starting bid was $250.
"Not only do we lose the money that could've been generated from the Bible, but also that window is going to cost us $1,000 to fix now," said Pyrczak.
The bible was donated to the Bibles for Missions store and is from 1850, with an embossed black leather cover and gold closures. It also includes colour illustrations by artist Gustave Dore.
Police are reviewing security footage from the store, Pyrczak said.
"We would like it to be in the hands of person who really would want it and know the true value of the words inside it," said Pyrczak.


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These were some of the biggest stories in the automotive industry the week of March 28, 2016.
Something missing? Tweet us at @CarStory or shoot us a message on Facebook. We’re listening.
Chinese cars can scan faces now. In the words of Donald Trump, “China is beating us!”
We want self-driving cars, but we can’t even get our headlights right. USA Today
Should New Yorkers have the right to leave their kids in cars unattended? New York Post
Dyson is going to start manufacturing cars. Vroom, vroom. Fortune
We’re officially living in the future: Hawaii lawmakers start legislating on how baked is too baked to drive. ABC News
Massachusetts says “Bring it on!” to self-driving cars; launches research initiatives. MassLive
Elon Musk is a real renaissance man: rockets, electric cars, online payment platform…and psychic? Quartz
Toyota’s dabbling in manga… cool. GreenCarReports
It’s not the car, it’s the code. ReCode
Everything you need to know about buying EVSEs. GreenCarReports
Self-driving cars are going to change the geography of our intersections. Vox
Bad news out of Takata. All those recalls cost about $24 Billion. Bloomberg


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Rentokil's washroom woes
ROYAL rat-catcher Rentokil Initial has its work cut out in the lavatory-cleaning department.
After an 8.2% decline in first-half revenues from its textiles and washroom operations - which account for more than a quarter of group business - chief executive Doug Flynn said the board had 'reduced our full-year profit expectations for that business'.
Flynn, brought in 16 months ago to turn around the fortunes of the FTSE 100 support services firm, blamed tough trading conditions. He said washroom revenues for the second half would be 'broadly flat with the first half'.
He will also have to grapple with more hard slog in the electronic security and building management divisions, which both suffered falling operating profits.
Like-for-like revenue in electronic security was flat, prompting Flynn to admit "further work" was needed to stem the problem of customers 'calling off work that has already been won'.
Organic revenue rose 1.1% at Rentokil's pest control business. Acquisitions boosted divisional income by 28.8% to £133.2m, helping peg half-year operating profits at £31.8m.
Flynn promised more improvement to come from the rat-catching business, where a decline in first-half business prompted a management clearout. 'The new team will be making major changes to invigorate this programme,' he said.
The second quarter showed some signs of life, with revenues from continuing business up 11.1% on last year, but the problems in the washroom department held back organic revenue growth at 1.9%, down from 4.7% in the first quarter.
Group operating profit from continuing operations fell 6.2% to £74.1m in the six months to 30 June. The dividend is unchanged at 2.13p. Flynn stuck with his predictions of a 'return to modest profit growth in 2007'.
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Analysis: The gap between winners and losers in retail is stark
The ability to adapt to what are likely to be continually changing circumstances will continue to be a hallmark of those who prosper
It may seem that financial markets have been immune to the global pandemic.
Since mid-February 2020 to date, based on the S&P 500, share prices have risen over 30 per cent against a horrific social and economic backdrop.
Unprecedented fiscal support and unparalleled vaccine development have been huge drivers of this robust financial market performance. It is an outstanding result.
This is not to say that financial markets have been stress-free. While at the top level, stocks have been fine, we have seen huge divergences in performances between sectors as the pandemic has dealt a crushing blow to some, and opportunities to others.
We know all too well where the pain has been felt, in sectors such as airlines, hospitality and leisure. E-commerce companies on the other hand have been able to progress at even faster rates than hitherto. The gap between the best- and worst-performing sectors in the stock market exploded. At the start of the pandemic the spread was 27 per cent but this had surged to 80 per cent over the past 15 months – the widest margin in recent history.
But the impact of the pandemic goes deeper yet. Even within sectors, we have seen seismic shifts between the leaders and the laggards – and critically it is not that clear how reversible this may be.
Retail is in the front line. The gap between winners and losers within this sector is among the widest of all industries.
The retail landscape moved through periods of grocery hoarding, followed by clothing overstock and faced new consumer behaviours met by new business practices that may permanently re-shape the industry.
The levers for success are clear. The pandemic provided strong tail-winds to those retailers with already strong omni-channel presence. A McKinsey report concludes that those companies, usually with tech-forward business models, that “were seemingly inches ahead before the crisis gained miles on the competition” through the pandemic.
An ability to cater on line for those nesting or embracing new hobbies and lifestyles was key. Lock-downs were positive for those retailers with strong digital footprints. But others such as retailers reliant on office workers or business apparel faced existential challenges.
Scale was also a key part of the recipe for success. Five companies in the US accounted for more than 80 per cent of the stock market performance of the retail sector. And companies who had the advantage of scale at the beginning have grown even bigger.
Are there pointers for the future in what we’ve seen?
Firstly we cannot really regard retail as a wholly homogeneous sector – there has been too wide a range of experience and investment performance. The ability to adapt to what are likely to be continually changing circumstances and fast decision making will continue to be a hallmark of the winners. It is likely that retailers continue to see digital investments as a priority — whether they have their own eco-system or work with partners. Next step will be Improving the profitability and efficiency of that on-line channel, which may include increasing the average basket value or using local stores for fulfilment rather than large distribution centres.
Focus will matter — especially for multi-channel players. For example multi-channel operators such as Zara, H&M have been challenged from store closures which have had knock-on effects on overall business.
For other retailers it may be a question of “sticking to the knitting” more than ever. Burberry, the global top-end brand, produced very positive figures this week and feel they have transformed their business. More than ever, they are fully anchored in luxury. This means a reduction in wholesale activity, a big cut-back in mark-downs and opening new stores to ensure full control of the customer experience.
Indeed if on-line is key for this retail future, we also shouldn’t expect it to be a “one-way street”. Recently Asos, the global retail platform, announced a moving of some Topshop brands, which they had recently bought, back into the brick and mortar world with their Nordstrom deal in the US.
There is clear potential in this broad sector. This can be seen, for example, in the current bids on the table for UK supermarket Morrisons. Would-be investors are willing to pay close to 50 per cent premium to where shares had been trading. Company management feel their performance through the pandemic has improved their standing. Bidders feel there is more to come.
The other positive undercurrent for the sector is the pent-up spending we are likely to see as conditions improve. Goldman Sachs estimate that forced savings in the Euro area amount to just under 20 per cent of quarterly Euro area pre-pandemic GDP.
This could mean a lot of spending. For retailers, being positioned right, for this more positive wave, is key.
Eugene Kiernan is an independent investment strategist and is president of the Chartered Institute for Securities and Investment


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Tiger Global, one of the most aggressive and powerful VC firms operating in India, is reducing the number of start-up deals and is pushing for consolidation
New Delhi/Bengaluru: Start-ups such as hotel aggregator Zo Rooms and online local services provider LocalOye, the non-unicorns in US investment firm Tiger Global Management’s India portfolio, are looking for new investors to lead their next rounds of funding as Tiger takes a back seat, three people familiar with the matter said.
Like other investors, Tiger Global, one of the most aggressive and powerful venture capital (VC) firms operating in India, is reducing the number of start-up deals and is pushing for consolidation, the three people said.
Tiger, which is unusually media-shy, didn’t respond to emails requesting comment.
Tiger will not just be conservative in leading new funding rounds but it is also rethinking its strategy of investing enough to retain its stake in portfolio companies raising a new round of funding, the three people said on condition of anonymity.
Apart from a handful of its portfolio companies, including Flipkart, Ola and Quikr (the three unicorns, or $1 billion-plus valued start-ups, in its portfolio), Tiger is pushing many of its portfolio companies to find new backers, the people added.
For instance, Tiger did not lead the funding round in hyper-local delivery company Grofers, which recently closed a $120 million round led by SoftBank Corp.
“Tiger wants new investors to set the valuation in the next rounds; it doesn’t want to act as the lead investor in most cases," said one of the three people cited above. “It is also pushing for a strategic stake sale wherever possible."
Tiger, known for pushing through mergers among start-ups, is again trying to lead consolidation.
Oyo Rooms, run by Oravel Stays Pvt. Ltd, is in early talks with peer Zo Rooms (promoted by Zostel Hospitality Pvt. Ltd) for a potential buyout, another three people familiar with the matter said.
Zo, which is backed by Tiger and Orios Ventures, is trying to raise money from new investors after Tiger declined to lead a new round of funding, these people said.
Earlier this month, Mint reported that online classifieds start-up Quikr is close to buying real estate site CommonFloor. Both are funded by Tiger. According to the three people cited above, Tiger had declined to lead a new funding round for CommonFloor and encouraged the real estate portal to explore a sale to Quikr.
Tiger has also alerted its portfolio companies about a slowing global market and is urging them to slash costs.
Its actions indicate Tiger is worried about some of its India investments.
Industry experts say that Tiger has globally shown exits in 5-7 years time in most markets. India has panned out differently.
“Even if you take the China argument (that it takes time)—the gestation period in China was five to six years from the time a company gets funded," said Kashyap Deorah, author of The Golden Tap, a story of hyperfunded start-ups in India.
Tiger funded China’s JD.com three-six months before it invested in Flipkart and while Flipkart is yet to show any signs of providing an exit, JD got listed on Nasdaq in May 2014.
On Tuesday, Tiger Global said in US regulatory filings that it had raised a new fund of $2.5 billion. Tiger, which picks up stakes in both public and private companies, is one of the most prolific e-commerce and tech investors around the world, having held stakes in companies such as China’s Alibaba Group Holdings and Facebook Inc.
Its private equity investments, including those in India, are spearheaded by 35-year-old Lee Fixel.
It is unclear how the new fund will be deployed.
If Tiger cuts funding for its smaller start-ups, this will be the second time it does so.
Tiger followed a similar strategy from 2012 through the early part of 2014, during which time it put a majority of its cash into online retailer Flipkart Ltd, its biggest bet ever. Tiger pumped in more than $1 billion into Flipkart over eight funding rounds in roughly five years even as new investors were leery of putting money into any Indian start-up, even a clear market leader such as Flipkart.
Tiger was the most eager backer of consumer Internet businesses in 2010 and 2011. From the following year, however, Tiger cut funding and drove consolidation among its portfolio companies as actual sales growth didn’t match initial expectations.
Tiger facilitated the sale of Letsbuy to Flipkart and Exclusively.in to Myntra in 2013. While another VC firm, Accel Partners, was also a common investor in these four companies, it is well known that Tiger was the driving force behind these deals. Another Tiger-funded start-up, women’s products retailer Urbantouch, was sold to Smile Group in 2013. In May 2014, Tiger and Accel helped arrange another marriage, Flipkart’s $330 million-plus buyout of Myntra.
Some of Tiger’s other investments fell by the wayside after it declined to fund them further. Online kidswear retailer BabyOye was struggling for years to raise money until its distress sale to Mahindra Retail in February.
A similar scenario is now starting to play out again.
For a year starting May 2014, Tiger was the most aggressive investor in India, striking more than 15 new deals, according to Mint research. It also continued to put large amounts of money into some of its existing companies such as Flipkart, Quikr and Ola.
In all, Tiger has invested more than $1.5 billion into Indian start-ups over the past 18 months, according to Mint research.
Now the firm is indicating it will pull back.
The so-called signalling risk that Tiger carries is unrivalled in India’s start-up business; this risk is being exacerbated as the formerly aggressive investor is now urging its portfolio companies to find new backers.
If a firm, especially a deep-pocketed one such as Tiger, declines to back one of its early-stage start-ups in a later round of fundraising, potential new investors become wary of putting up money. Such a situation can become worse in times like these when capital isn’t easily available.
“It is inevitable that some of Tiger’s companies will fail. That is true with any investor. But the risk for a start-up is much higher when Tiger decides not to fund it anymore because it has such deep pockets and is hardly risk-averse," one venture capitalist said on condition of anonymity.
This time around, one big difference compared with 2012-13 is that Tiger isn’t the only investor with deep pockets.
With the entry of Japan’s SoftBank Group and Russia’s DST Global, Tiger’s influence isn’t as outsized as it was in 2012-13, indicating that it may not be able to push through deals as easily as it did earlier.
For instance, Tiger and SoftBank are on opposite sides in three large businesses. SoftBank is the largest investor in Snapdeal, Flipkart’s arch rival; SoftBank-funded Oyo Rooms is the early market leader in budget hotels, ahead of Zo Rooms; and SoftBank-funded Housing competes with CommonFloor.
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It may sound unbelievable, but the average woman size is not 2, 4 or 6. It’s hard to believe this, because every day we see on social media how thin and lean the celebrities are. But in the real life, it’s not exactly like that. We have some good news for everybody.
Information from 10 years ago shows that the average size of women in America is actually 14.
Nowadays ladies with perfectly sculpted shapes show up everywhere in the social media which might be disturbing or offensive to other women. Yes, it is offensive, because they feel pressured to change their bodies.
A new study performed among 5,500 American women (20-year-old and older) proves that the average size has increased between sixteen and eighteen. This is a very important news for all women.
Hopefully, the fashion designers will also pay attention to the latest stats.
It will be good if the clothing companies start making larger sizes, because now there are many stores that don’t have bigger than size twelve. This will be good for both women and the fashion industry.
It could be very disappointing if you don’t fit in the jeans or the jacket you fell for. It will be very good and fun if the industry makes the shopping a little more comfortable for women with normal size.


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Suzuki Jimny got us all hyped every time there was some news of it being launched or showcased in India. This is because since the legendary Gypsy got discontinued, there hasn’t been a reliable, affordable, capable off-roader on the market.
Auto Expo 2020
The manufacturer recently showcased the Jimny at the Auto Expo 2020 and after the Futuro-E concept, it was the Jimny that created so much excitement among the visitors. However, this time it may get launched in India as Maruti will start manufacturing the three-door Jimny at the Hansalpur plant in Gujarat. The entire production will be exported to various international markets. However, the India spec will not be a 3-door as the Indian market prefer practicality over capability. Because of this Maruti will be stretching the wheelbase of the Jimny to convert it to a 5-door which might affect its off-road capability but it could still attract a lot of Indian buyers.
Internationally, Jimny has been known for its immense off-roading capability due to its light three-door form, low-range gearbox, ladder-frame chassis and four-wheel drive. You would be able to find a lot of videos online where the Jimny holds its own against big full-size SUVs such as the Mercedes-Benz G class and Land Rovers that cost 8-10 times more. Because the Jimny does not weigh much and comes with low transfer gearbox, it can tackle very tricky situations. The 1.5-litre naturally aspirated petrol engine produces 100bhp which is enough for the SUV.
Suzuki Jimny has also proved itself internationally against the big competitors. The Jimny was positioned as an affordable small SUV which can perform really well on and off-road as well. The manufacturer is selling the Jimny for almost 20 years now and that continuous production shows that it has been doing well in the market. The SUV is easy to drive, easy to maintain, offers good visibility and is reliable which makes it perfect for the people who like to go on occasional offroad tours.
On average, the UK pricing is around 1.58 times more than the Indian cost of the same car. For instance, the Alpha variant of the Baleno costs Rs. 6.8 lakhs and when compared to the UK pricing, a similarly equipped 1.2 SZ3 manual variant costs around £ 13,044 which is around Rs. 12.19 lakhs when converted to INR. Similarly, the Ignis is priced at £ 11,644 when converted to INR is Rs. 10.89 lakhs. Whereas a similar spec of Ignis in India costs Rs. 6.8 lakhs which is again around 1.6 times less than the UK pricing.
If we consider this calculation the Jimny’s base model should be priced around Rs. 9.15 lakhs and the higher variant should cost around Rs. 10.7 lakhs. As the Jimny will be built and assembled locally in India which means Maruti Suzuki can price it competitively in the market. We are expecting the Jimny to be priced from Rs. 9 lakhs to 13 lakhs.
With the competitive pricing, tried and tested powertrain and the hype that the Jimny has created even without being launched in the country, it should be a good seller. Also, it is priced lower than the competitors where the current Thar starts from Rs. 9.5 lakhs and the Force Gurkha which starts at Rs. 9.75 lakhs. Mahindra Thar will soon be discontinued and replaced with the next generation which means that it will cost a bit more. The sales of Gurkha are already not good which means that Jimny would be the most affordable and desirable SUV in the segment.
With all the things in favour of Jimny, it would make the segment very competitive and considering the demand for an affordable SUV is increasing, the Jimny should be an easy sell for the Maruti Suzuki. The Jimny is a worthy successor to the legendary Gypsy that has ruled the market in its era.


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Apple May Fight Psystar with Tech
And while Psystar may be violating Apple's end user license agreement, or EULA, by doing this, legally there's not much Apple can do about it, says Raj Abhyanker, a patent lawyer who used to write patents for Apple.
"Basically, when people go to a store or download software, they have a license with Apple to use this patented software on their computer. But breach of contract is one of the weakest forms of legal disputes," Abhyanker says, referring to EULA violations.
While Apple could likely tie Psystar up in litigation by filing patent or copyright lawsuits, the better choice may be technical -- issuing OS X firmware updates.
"Apple issues regular updates to Leopard," Abhyanker says. "Future revisions might require massive changes to the way [Psystar] sells software in this virtual environment and usually these things don't last long unless there's some sort of agreement."
Sort of akin to how quickly they put out firmware updates to the iPhone to block jailbreaks. Since 10.5.3 is still being worked on, might we see something added to that?