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Romanian entrepreneurs are the most advanced in the use of digital tehnologies than their peers in the other 14 countries in Central and Eastern Europe, according to PwC Central and Eastern Europe’s Private Business Survey 2019.
64 percent have already designed a digital strategy, double compared to the region’s average.
“We note that 82 percent of Romanian entrepreneurial companies believe that digital transformation will have a high impact on the long-term viability of their businesses. This perception is seen in entrepreneurs’ interest in technology-based business strategies, especially as in Romania the main competitive advantage is digital infrastructure, while other chapters, such as physical infrastructure or public investment policies, are deficient,” said Ionut Simion, the Country Managing Partner of PwC Romania.
Romanian entrepreneurial companies topped the list when it came to the use of six out of eight essential digital tehnologies (known as the Essential Eight): Artificial Intelligence (AI), Augmented Reality (AR), blockchain, drone, Virtual Reality (VR) and 3D printing.
In the case of robotics and Internet of Things (IoT), Romania ranks third and fourth respectively.
“This high use of Essential Eight technologies in Romania may reflect the emergence there of a vibrant tech ecosystem of start-ups, accelerators and funding hubs, also boosted by the country’s facillity to exempt software programmers income tax,” said Ionut Sas, PWC Romania Partner and tax advisory services leader.
In this context, the study reveals that Romania and Slovenia are the only countries in the region having sufficient in-house talent to realize the full benefits of digital technologies.
The study also surprised entrepreneurs’ perception of the state of business, namely the evolution of profitability over the last three years, as well as their estimates of revenue over the next 12 months.
Success mixed with pessimism
”Most Romanian entrepreneurs have had good financial results over the last three years, and yet they are more pessimistic than their their peers in the region over the next year’s prospects. Including digital technologies in their business strategy can help them discover new revenue opportunities as it arise when existing business models are constantly challenged, and employees are encouraged to develop ideas and test them. In this context, the intention of 29 percent of the Romanian entrepreneurs to allocate over 5 percent of the investments for digitization – compared to 23 percent in the region – shows that more of them understand and put into practice the new technologies,” said Mihai Anita, PwC România Partner and Entrepreneurial & Private Business Leader.
The main conclusions of the Romania’s digitization report
- Entrepreneurs believe that the most relevant technologies are, in order: blockchain, IoT, robotics, AI, AR, VR, 3D printing and drones.
- 41% of the local entrepreneurs show that they invest between 1-3% of the turnover in digitization, 29% spend over 5% for investments in this area, 18% give less than 1%, and 12% 5%
- The main restrains in implementation of new tehnologies are costs, risks associated with technology/cyber, the lack of relevant know-how/expert knowledge and resistance to change.
- 8% of Romanian entrepreneurs use AI in business processes; 40% – AR; 39.5% – virtual reality; 29.5% – blockchain; 27.9% – Drones.
The main conclusions about Romanian entrepreneurial companies state of business
- 58% of the Romanian entrepreneurs consider that the profitability of the last three financial years was good and 22% fairly good compared to the regional average of 53% and 31%, respectively.
- 50% expect business revenue to grow over the next 12 months, while 46% expect to remain the same and 4% a deterioration.
- By comparison, 55% of entrepreneurs in the region forecast improved indicators, 37% remain the same and 8% deteriorating.


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Weekly episodes, news, and insights from the world of regenerative CPG
We can’t thank you all enough for reading this newsletter and engaging with us.
Since launching 10 months ago we have:
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🎯 A newsletter is only as good as the value it brings to its readers. So we would really appreciate your feedback on what we’ve done to date and what you’d like us to do moving forward.
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📧 Drop me a line if you have something to share at the intersection of regenerative agriculture and CPG.
ReGen Brand News:
The company has committed to sourcing one million pounds of 100% grass-fed, grass-finished beef bones.
“One of the biggest gaps we see today is the need to bring awareness to the concept of regenerative agriculture in order to increase supply and demand for both farmers and buyers. The more people understand, the more we hope to help increase the amount of regeneratively sourced ingredients in grocery stores.”
👉 Regenerative Organic Certified® Eclipses 5 Million Acres
The certification program has now certified 5.7 million acres, over 50,000 farmers, and 371 crops with 188 licensed brands and 827 products available in the marketplace.
Credit: Regenerative Organic Alliance
🏃♂ Quick Hits:
“Last year, the passage of the IRA included a historic $20B investment in conservation. Now, members of Congress are trying to divert those funds towards commodity programs - in fact, the proposed diversion of funds could benefit “fewer than 6000” of America’s farmers and shut out as many as 165,000 producers from conservation funding.
Credit: Kiss The Ground / Regenerate America
Take action as a consumer citizen: If you care about the food you eat, the health of the environment, or the future of farming, contact Congress today - visit the Action Center and call or email your representative to demand that they protect the IRA funding for ag conservation.”
Does anyone else get this all the time?
I swear it is the response like 40% of the time. 😂
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First seeds, now mysterious face masks arriving
First came reports of unwanted seeds arriving in the mail from China. Now, people are reporting similar packages containing a face mask that they did not order or want.
Angela Osborne opened her mailbox the other day and found something strange inside, with her name and address on the package. ”I noticed this odd package with what appeared to be Chinese writing,” she said, “and noticed the sender, and said, ‘I didn’t order anything from China.’”
But someone had sent her a single pandemic face mask. Not a pack of masks, but just one blue surgical mask, probably worth 50 cents.
”So I brought it in the house and peeled it back away and realized it was a face mask,” Osborne said. “And I said, ‘that’s a little creepy!’”
Osborne thought of the effort involved in shipping one face mask from China, aboard a ship, to her local post office. She figured it wasn’t just someone being nice. ”There’s no note, nothing, and all I got is a faded tracking address and some tracking numbers.”
Just like with the mystery seeds, the US government thinks it may all be a marketing scam. The FTC and Better Business Bureau call this the “brushing” scam.
Chinese sellers get your name and address (sometimes from another, legitimate seller you bought from). In some cases, the FTC says, a hacker sells them your Amazon profile.
They then ship you cheap items to boost their ratings on either Amazon or Alibaba, the giant Chinese retailer.
Last year, Michael Gallivan received dozens of unexpected items, from Christmas lights to phone cases. The senders then posted 5-star reviews in his name.
”They were giving themselves 5 star glowing reviews, not just of the product but of the company themselves,” Gallivan said.
How to protect yourself
The FTC says if this happens to you: Change your password at all e-commerce sites you use, including Amazon, eBay, Best Buy, etc.
If it arrived in an Amazon box, contact Amazon customer service and report it.
Angela Osborne says she’s not using the free mask, saying a friend told her, “That’s super creepy. Throw that out now!”
With this scam, the good news is you are not being scammed out of money, but your good name is probably being used to boost a business.
Copyright 2020 WBRC. All rights reserved.


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The CNE has recently be known for taking food to another level, such as Tim Horton’s Cotton Candy Timbits, Cronuts, Deep Fried Cheesecake, and Bacon Wrapped Grilled Cheese. This year, however, in its 138th season, the Canadian National Exhibition is flexing its innovation muscle by announcing the “Emerging Innovators Pitch Competition.”
The Ex has been privy to showcasing some emerging tech, specifically Edison’s phonograph in 1888, apparently a wireless telephone in the 1890s, radio in 1922, and Virtual Reality in 1992.
This year the Ex will be holding a three-day pitch competition in several innovative categories:
- Agri-tech & Food Tech (Friday, August 19 at 12:30 pm)
Advancements in the agriculture field including everything from farm to table
- Biotech (Friday, August 19 at 3 pm)
Advancements in the biological and medical fields with an emphasis on health and innovations that can benefit our aging society
- Lifestyle Innovation (Saturday, August 20 at 2:30 pm)
A broad overview of any and all innovation that make a mark on everyday life, from automated cars and wearable technology and everything in between
- Social Innovation (Saturday, August 20 at 3 pm)
Explores innovation in education, philanthropy, and culture
- Virtual/Augmented Reality (Sunday, August 21 at 12:30 pm)
Features innovations that utilize virtual or augmented reality
The actual competition takes place in the CNE Innovation Garage on August 19th to 21st with $25,000 in prizes is up for grabs. The CNE states the competition is open to 25 young investors who will have the opportunity to use the winnings to “accelerate their career dreams.”
This year also houses the “Innovation Playground” at the Ex, which allows visitors to get up-close and experience the latest products including wearable technology, 3D printers and more.
[source] CNE [/source]


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The mobile-shooter has hit the milestone in just eight months having been released worldwide in October 2019. The install total is a combination of the versions run by Activision and by its international publishing partners.
What's more impressive is that Call of Duty: Mobile has achieved a higher download count than both Fortnite and PUBG Mobile in that same time frame, which generated 78 million and 236 million respectively. Within its launch week, Activision's title was installed approximately 100 million times.
Moreover, the game has proven to be most popular in the US, where 18 per cent of installs were generated, or rather 45 million downloads. India and Brazil are in second and third place respectively for the number of installs.
Show me the money
So far, Call of Duty: Mobile has grossed around $327 million through user spending worldwide. This is 78 per cent more than what PUBG Mobile earned in the same time period. To top it off, it made 83 per cent more than Epic's battle royale did through iOS in eight months.
In May, the shooter generated $53 million, the game's second-best month for revenue so far with a 62 per cent increase from January. In its launch month, the title brought in $55 million.
Yet again, the US has shown Call of Duty: Mobile the most love as it is responsible for $134 million, or 41 per cent of total earnings. Japan comes in at No.2 with Brazil just behind at No.3.


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Sad news for Los Angeles residents: The mission to clean up the Sunset Strip continues, and this time you can thank Gwyneth Paltrow. TMZ reports that Paltrow and her business partner, Gary Landesberg, just purchased the Hustler Hollywood store. Don’t expect to find macrobiotic treats next to adult toys, because Paltrow and her partners plan to tear down the Hustler Store and replace it with an exclusive club.
Hustler Hollywood is another blow to fans of the classic image of the Sunset Strip. In August of 2014, it was announced that another Sunset Strip landmark, the House of Blues, would be torn down in late 2015 to make way for a luxury hotel. At last report, Live Nation, which owns the House of Blues, was still looking for a new venue for the legendary club.
The new club set to replace Hustler Hollywood, called The Arts Club, will be modeled off of a posh London social club of the same name. Members of The Arts Club in London enjoy luxuriously furnished sitting rooms, an upscale restaurant, and reciprocal access to similar clubs around the world. The Arts Club also has locations in Chicago and Washington DC. The clubs have strict policies for dress code and behavior. Membership at all three clubs costs roughly $1,000 a year for one person.
According to TMZ, Gwyneth Paltrow is a board member and investor in The Arts Club while Landesberg is the chairman and principal investor. There’s no word on whether either of them have an official membership at the social club chain.
The purchase won’t do much to endear Gwyneth Paltrow to her critics. As previously reported by the Inquisitr, Paltrow came under fire after she launched a lifestyle website named GOOP. Fans and critics accused Paltrow of being out of touch with the “common woman” and attempting to pose as a lifestyle guru.
Gwyneth Paltrow has been on the defensive side about GOOP and the public perception of her in recent weeks. In an interview, Paltrow admitted that she isn’t exactly like the common woman, but claimed that she is close because she is both a woman and a mother.
“We are all seekers, we all want questions, we all want fulfillment, we want to live our best lives. We want to be healthy and happy and squeeze the most that we can out of life. I think that’s all women.”
Paltrow’s version “squeezing the most out of life” has a hefty price tag. It’s not unusual to find clothing and accessories on GOOP listed for several hundred dollars.
Fans of Hustler Hollywood can rest easy; the adult entertainment store will move from the landmark Sunset Strip location to a new store near the Kodak Theater.


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COVID-19 and SMEs: supporting small enterprises to avoid a nutrition crisis
* Originally published by the SUN Business Network Today, 2 billion people suffer from an inadequate diet, and the emergence of COVID-19 is only expected to accelerate the number of malnourished and hungry people worldwide. Preliminary assessments suggest that the COVID-19 pandemic may add between 83 and…
Today, 2 billion people suffer from an inadequate diet, and the emergence of COVID-19 is only expected to accelerate the number of malnourished and hungry people worldwide. Preliminary assessments suggest that the COVID-19 pandemic may add between 83 and 132 million people to the total number of undernourished in the world in 2020. Small and medium enterprises (SMEs) are on the frontline of tackling malnutrition and, in Africa, provide 70% of the food that reaches low-income consumers. SME’s proximity to local communities means they are well placed to shape their businesses in response to new challenges and consumer demands, and can adapt delivery models as required, especially around last-mile distribution. However, the pandemic is putting a strain on SMEs’ operations with national lockdowns driving up food production and distribution costs, which is likely to result in price shocks, unemployment, bankruptcies and potential food shortages.
Surveying SME needs
To improve the consumption of nutritious and safe food in emerging markets, the Scaling up Nutrition (SUN) Business Network (SBN) mobilises businesses to invest in sustainable food system innovations. Co-convened by the Global Alliance for Improved Nutrition (GAIN) and the UN World Food Programme (WFP), SBN works in 17 SUN countries across Africa, Asia and Latin America to broker partnerships and collaborations between businesses and nutrition actors to build the business case for investment in nutrition.
Recognising the unprecedented impact of COVID-19 on food systems, in May 2020, SBN undertook a survey, which aimed to assess the impacts of COVID-19, the associated control measures on SMEs, and to identify SME support needs across the 17 SUN countries. Responses were received from 363 enterprises, primarily in the processing and distribution sectors, as well as the fruit, grains and vegetable value chains. Key findings indicated that: 94% of SMEs have been impacted by the pandemic, mainly via decreased sales (82%), difficulty accessing inputs (49%), and difficulty paying staff (44%); 85% of respondents anticipated future impacts on their supply chains, including shortages of supplies (61%) and transportation and distribution disruptions (49%); and 81% and 64% of SMEs reported urgently needing financial and technical support, respectively, to cope with the pandemic’s effects.
“Our survey reveals the devastating extent of the pandemic so far on the SME sector, especially for businesses involved in fruit, vegetable, grain, and fish value chains. Decreased sales, difficulty accessing inputs, and reduced production has put businesses, jobs, and access to healthy diets at risk in communities already facing the challenge of malnutrition,” explains Jonathan Tench, SBN Global Coordinator.
The startling survey figures also demonstrate the critical need for SME support to keep local food systems moving, and to ensure the adequate supply of safe and nutritious foods – particularly in low- and middle-income countries (LMICs). “SBN calls on partners to assist us in providing access to finance and technical assistance to keep nutritious food-producing SMEs afloat – and help them build stronger, more resilient businesses with an even greater impact on nutrition, so that they can bounce back from this crisis,” Tench continues.
See survey results for:
Read the full article in the SUN Business Network website
#COVID19 is expected to accelerate the number of malnourished and hungry people worldwide. #SMEs are on the frontline of tackling #malnutrition yet are facing unprecedented challenges to their business operations.
— SUN Business Network (@SUNBizNet) September 18, 2020


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NADAguides, a Costa Mesa-based new- and used-vehicle information provider, recently indicated consumer interest in domestic and Korean auto manufacturers has continued to rise. The vehicle-information service revealed its Consumer Market Interest Report for the third quarter of 2011, which noted a 215 percent increase in consumer appeal for the 2012 Kia Sorento. The top five leaders on the NADAguides report are the 2012 Kia Sorento, Chevrolet Equinox, Hyundai Sonata, Hyundai Elantra and Ford Mustang.
The 2012 Kia Sorento
Troy Snyder, director of product development at NADAguides, said, “It is clear that the Korean makes are becoming more top-of-mind with consumers, as their product offerings in different segments continue to break through in terms of quality, price point, awareness and acceptance. It's also interesting to note an uptick in interest in the number of smaller, more fuel-efficient cars and crossover vehicles.”
The Sorento was one of the most researched vehicles on NADAguides. Michael Sprague, vice president of marketing and communications for the Irvine-based automaker, added, “Kia is the fastest-growing car company in the U.S., and as our best-selling vehicle over the last two years, the Sorento has been the cornerstone of Kia Motors America's unprecedented sales and market share gains this year.”
NADAguides lists the Most In-Demand Vehicles
NADAguides names most fuel-efficient autos
NADAguides: Wholesale, retail used-car prices jump


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It is no surprise that credit card security is major concern for any merchant. With the growing number of ways criminals can obtain this data, making sure it is safe from every angle becomes a major component for success.
Recently, the National Small Business Association (NSBA) published the results of a survey of 845 small business owners. The goal of the report was to examine the feelings of merchants toward credit card payments. An interesting trend emerged that found online merchants who would seem to rely on plastic payments are looking for something else.
According to the numbers, 69 percent of respondents accept credit and debit card payments on their websites. That number is down from 91 percent that did in 2010. Instead, many organizations are starting to move toward alternative payment options like PayPal because the believe it is more secure. That system has seen an increase of 25 percent over that same time frame, topping out at 47 percent.
"The shift in online payments is likely due in part to increasing worries about cyber security as well as costs and lack of transparency when it comes to swipe fees," NSBA Chair David Ickert and NSBA Chief Executive Officer Todd McCracken wrote in a statement accompanying the study.
In the end, the security for all of these systems falls back on having secure POS software in place that can keep customer and company information safe from any attacks. Credit card processing is still a cornerstone of the payment industry and merchants need to make sure it is safe.


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As Apple's fall product reveal approaches, alleged images of the new iPhone parts are appearing with greater frequency. The latest is plastic packaging for an iPhone 5C, which appeared on the Chinese WeiPhone discussion forum. The 5C could be the rumored lower-cost, plastic-encased iPhone that could show up along with an updated iPhone 5, expected to be call the 5S.
Read: The Apple guessing game
It's uncertain whether the image is the real thing. It doesn't fit into Apple's current visual treatment for an iPhone with two characters, such as the 4S, but given the makeover … Read more


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OAL is pleased to announce its Startup Growth Capsule, an exciting legal and business accelerator initiative of its Sports, Entertainment and Technology (SET) practice group. The program which began in March 2021 followed a competitive selection process and has seen six startups accepted into the maiden cohort of the OAL Startup Growth Capsule, 2021.
These early stage startups will participate in tailored business and legal engagement sessions with industry experts to improve their knowledge of the Nigerian business and regulatory landscape, one-on-one mentoring sessions with leading founders and professionals and get access to 24/7 quality legal support and technical documents amongst other perks.
OAL understands the significant role that startups play in creating value, solving problems and creating prosperity in Nigeria’s emerging economy and sees the need for innovative legal solutions to meet the needs of today’s startup which will evolve into tomorrow’s unicorns. According to Beverley Agbako-Onyejianya, Head, S.E.T Practice, “we have recently witnessed a flurry of excitement and activity in the startup space in Nigeria which is encouraging. However, the reality remains that there is still a major knowledge gap of the legal and regulatory landscape as well as lack of understanding of how to set up and run sustainable business structures”.
The formal legal and business accelerator program will be held over the course of 3 months beginning from May 3rd to July 23rd, 2021.
Post the program, OAL will continue regulatory advisory, legal and business support to the startups over a period of 24 months.
The selected startups in the growth capsule cut across fintech, healthtech, media/entertainment, renewable energy and mobility/logistics sectors.


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KANSAS CITY — Water-holding capacity, allergens, cost and flavor all come into play when companies choose plant protein sources for meat alternatives. Each source has its own strengths and weaknesses.
Soy delivers a higher protein content but has some flavor-masking challenges and allergy concerns, said Scott Cowger, vice president and national sales manager for Cereal Ingredients, Inc., Leavenworth, Kan., which offers texturized vegetable protein. Wheat has a higher protein content, but some people have a negative opinion of gluten, he said. Peas contain a considerable amount of protein and not an allergen concern, but they have some flavor challenges. Chickpeas show promise, but their fat content may create extrusion challenges.
“We have been working with chickpea protein as the next possible big thing,” Mr. Cowger said.
Hormel Ingredient Solutions, Austin, Minn., uses pea protein in its new meat alternative ingredients: full cooked traditional and Italian-style crumbles and uncooked grounds. Potential applications include breakfasts, soup, pizza or entrees.
“We had very specific eating qualities we wanted to achieve,” said Dawn Canon, PhD, a food scientist for Hormel Ingredient Solutions. “Pea protein met all of the expectations we set for the product and achieved a higher level of sensory quality than other proteins.
“In addition to being extremely versatile, pea protein provides a very clean flavor that works well with the Italian-style seasoning profile, and as an allergen-friendly food, we felt that peas are an excellent form of protein that also represent a good source of essential amino acids.”
Archer Daniels Midland Co., Chicago, has formulated with beans.
“Beans can enhance a product label and also provide visual appeal in meat alternative products,” said Dina Fernandez, director of protein nutrition solutions, ADM Nutrition. “However, beans can come with functionality challenges. Their gelling, emulsification and water-holding capacity is more comparable to pea or chickpea ingredients than to soy proteins, which necessitates careful consideration during the product development process.”
ADM recently was asked to create a meat alternative burger patty featuring beans as the main protein source, she said.
“Initial prototypes were too soft and had a somewhat pasty texture,” Ms. Fernandez said. “We were able to overcome this challenge by incorporating multiple forms (whole and powder) of our VegeFull cooked ground bean ingredients to achieve a more desirable texture and improved visual characteristics.”
Vital wheat gluten helps to provide a resilient texture and bite, said Brook Carson, vice president of development and marketing for Manildra Group USA, Leawood, Kan.
“The viscoelastic nature of the protein contributes to a meat-like texture,” she said. “Seitan is a well-known meat substitute made from wheat gluten that is a great starting point for developing meat substitutes. It builds structure but can then be modified.
“Additionally, vital wheat gluten can add binding for burger and sausage type products. In these applications the gluten acts as the glue that holds the pieces together, but it also contributes an important textural component. If that binding interface is too soft or too firm, the bite of the burger can miss the mark on replicating the texture of meat.”
Textured soy protein remains the most economical and versatile plant-based protein for meat analogs, said Melissa Machen, senior technical services specialist – plant protein for Cargill, Minneapolis.
“This adaptable ingredient is available in numerous shapes, sizes and even colors, enabling formulators to mimic meat’s natural fibers,” she said.


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A new barber shop has opened in Burnham-On-Sea town centre.
Well-known local barber Michael Lowe has opened his new premises, Lowe’s Barber Shop, in the town’s High Street this month opposite Boots and Superdrug.
“It’s an exciting venture,” he said. “I’m enjoying welcoming existing and new customers to the shop, where a high end service is offered, with complimentary drinks, free WiFi, plus newspapers and magazines while you wait.”
“Whilst I appreciate that a barbers isn’t something unique for the town, it has been well received by passers-by and customers alike. It’s also positive that an empty shop has been filled in the town.”
“There are plans for more barbers to join the Lowe’s team shortly in the near future.”
The barber shop is open from 8am-5pm on Mondays to Fridays, and 8am-4pm on Saturdays, with no appointment needed. Lowes is joining Burnham Chamber of Trade and Commerce.


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VAT loopholes on digital sales cost UK more than £1.6bn annually
Tax loopholes on digital the sales of digital services will cost the UK government more than Olympics between 2008 and 2014, a new research has revealed.
Intensifying pressure on George Osborne to close VAT loopholes in his autumn statement, researcher at Greenwich Consulting estimated that the UK government is losing more than £1.6bn (_2bn) per year in VAT on digital services purchased by British consumers from multinational companies, like Amazon, which are headquartered overseas.
Between 2008 and 2014, the government will lose an estimated of £10 billion, more than the London Games that cost the government £9 billion.
When asked what the government was doing to tackle with tax avoidance, David Cameron's office said, "The issue for government is how we tackle that tax avoidance . What we have to do in government is make sure we are tackling that kind of aggressive tax avoidance."
The Prime Minister's office added that they were taking a number of steps to tackle the problem of tax avoidance, such as introducing a general anti-avoidance rule and seeking cooperation of other countries.
Uncut, an anti-tax avoidance pressure group, warned it would stage protests in Starbucks cafes. The protests, which will be against multinational companies like Starbucks, Google and Amazon, will involve tactics like creative civil disobedience.
Meanwhile, Chancellor George Osborne is widely expected to find more cash in his Wednesday's autumn statement to fund a drive by Her Majesty's Revenue & Customs to raise additional £10 billion in tax revenues.
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THE hospitality industry at the coast says the emergence of the online marketplace and hospitality service which enables people to lease or rent accommodation on short-term basis is threatening their businesses.
Airbnb enables people to lease or rent apartments, homes, hostel and hotels rooms without any operators licence nor adherence to the industry’s standards and practices.
The company does not own any lodgings; it is merely a broker, and receives commission from guests and hosts for every booking.
It has over three million accommodation listings in 65 000 cities and in 191 countries.
Anett König of the Hotel Association of Namibia (HAN) at Swakopmund said there were about 225 Airbnb members from Swakopmund and Walvis Bay, most of them not registered with the Namibia Tourism Board (NTB).
“Everyone thinks that tourism is the answer, and so all are jumping on the bandwagon for a quick buck. Neither HAN nor the NTB has problems with people wanting to come on board, but they have to follow the same procedures as registered members. This will ensure accountability and the maintenance of standards that Namibia is known for,” she reasoned.
She said Airbnb members are increasing at a rapid pace as no registration fees are required, and instantly one gets one’s name onto the global market.
Airbnb does, however, indemnify themselves by telling members to ensure they abide by the rules in their countries.
Renatus Neema, a senior inspector for the NTB, told The Namibian that according to NTB laws, anyone engaging in a tourism business must be registered with the NTB, and the fees are not high.
“If they run businesses such as accommodation establishments which are not registered with us, then they are breaking the law. We try and inform the people of the illegality of it, and the necessity to register. While some respond positively, there are those who accuse us of harassing them, and refuse to register. People who know what to do but still refuse to comply will face legal action,” he warned.
He added that unregistered businesses can charge high fees and give nothing back to the community, even through levies and taxes. Data on tourism is also lost because of unregistered businesses, which statistics are important tools in marketing Namibia as a tourism destination.
“Airbnb is a good marketing tool, and we understand that we need to remain on the cutting edge of business approaches, but it must remain transparent,” said König.
“If there is no transparency and accountability, these people will drag Namibian standards down, which in turn could have a detrimental effect on the tourism industry as a whole.”
Culled from namibia.com.na


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Today, it’s mostly the masks that remind us how restaurant life has changed, like costumes from a Halloween that never ended. But a year ago, the masks couldn’t save us from the pandemic stay-at-home order that turned out the lights in San Antonio restaurant dining rooms at 11:59 p.m. on March 18.
The doors swung back open at 25 percent capacity May 1, but restaurants already had begun to pivot, staking their immediate futures on more delivery and takeout, bigger patios, touch-free electronic menus, even selling eggs, milk and toilet paper like pop-up bodegas.


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China’s import PE, PP markets rebounding; but cautiousness remains
LDPE film has taken the sharpest U-turn among all PE grades, with the weekly average of prices on CIF China basis gaining a total of $75/ton since last week. HDPE and LLDPE film prices have gained around $10-20/ton recently.
Import homo-PP raffia prices, meanwhile, have witnessed a weekly increase of $20/ton. The market had stabilized at its 4-month low in the past two weeks.
What has propelled prices?
Demand towards import offers have slightly improved lately, but players note that the main factor lifting the market sentiment has been the combination of the bullish crude oil and rising Dalian futures.
“Rising crude oil prices and Dalian futures have boosted sentiment for polyolefins.
However, buyers are still cautious about their purchases due to concerns over Covid in Asia. Buying enquiries have improved recently but purchasing volumes are still limited to buyers’ needs,” commented a trader.
An agent of a major Saudi producer explained, “On the demand side, there has been a slight improvement due to firmer prices as well as some manufacturers’ stocking plans. However, the overall demand is still limited amid the off-season. On the supply side, meanwhile, no issues have been reported. We think that prices may extend their moderate gains over the near term but we still prefer to remain cautious.”
A converter in China also noted, “PP and PE prices are rising. LDPE has seen the largest gains compared to other products. But we are not sure about the sustainability of the upturn. Demand concerns persist over COVID-19 infections and electricity shortages in Guangdong. Plus, the upcoming polyolefin capacities in China are likely to put pressure on the markets over the medium term.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Energy consumption curbs start to bite Chinese petchem markets
- Spot PE markets yield to fading demand, better availability in Europe
- Turkey’s PS, EPS markets retain uptrend on low availability
- China’s PP, PE and PVC markets continue to offer poor netbacks despite better sentiment
- LDPE run-up enters its third month in China as tightness persists
- African PP, PE markets extend gains into Sept on tightness
- European PS follows SM lower in Sept, ABS flat on tightness
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs


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Fiat 500e is Chrysler's "First Step" into EVs
Luckily, the rather spectacular Fiat 500e is "just the first step" for Chrysler in the electric vehicle arena.
Those are the words of Mike Duhaime, global director of Chrysler’s electrified propulsion and engineering.
Duhaime Looking at EV Stuff
Duhaime's past includes being chief engineer of powertrain for the Chevy Volt, so we think he's capable of more stellar electrified vehicles. Oh, he's got 33 years of experience under his GM belt too and is 1 year into his Chrysler stint now.
Chrysler admits to being behind the time in regards to electric vehicles and knows that catching up what happen quick enough.
But Duhaime does note that "There are electric vehicles in our future."
Duhaime says he took the spot at Chrysler under the promise of getting a chance to develop new electric vehicles, something Chrysler desperately needs. So, let's hope that the 500e isn't a once and done.
Source: Detroit Free Press


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In the midst of increasing competition, falling tariffs and shrinking profit margins, the market for solar trackers picked up sharply in India in 2017. Developers were increasingly keen to use trackers to enhance project performance to maximize returns. Commissioned capacity using trackers increased from 86 MW in 2016 to 1,427 MW in 2017.
India being one of the largest and fastest growing solar markets around the world, is also expected to be an attractive market for trackers. However, a sharp 25% reduction in module prices over last few months has been a setback. Tracker installations in H1 2018 reduced to 246 MW and are estimated at 380 MW in the entire year.
Figure: Solar tracker installations in India
At lower module prices, it is more beneficial to increase DC:AC overloading (ie. deploying additional modules) rather than using trackers to enhance project performance. Fall in module prices has also unfortunately coincided with increase in price of steel, which accounts for more than 70% of cost of trackers, further dampening market prospects.
Slowdown in demand has led tracker suppliers in India to change their strategy. US-based NEXTracker, the second largest supplier in the Indian market, has put on hold its plans of setting up a domestic manufacturing facility. Indian companies like Mahindra Susten and Scorpius, which together hold a 32% market share, are investing in structure redesign and arranging for cheaper steel supplies to reduce cost of production. Moreover, they are increasingly relying on exports to make up for reduced demand in the domestic market.
However, one significant advantage of trackers is getting overlooked in India. Trackers reduce peak power generation and instead increase output in the morning and evening hours. In other words, they make the generation profile flatter, thereby reducing variability of power output and enhancing grid stability. This feature is highly valuable but the Indian market design is unfortunately completely focused on delivering lowest cost of power.


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The Nigerian textile sector is facing a huge financial crunch as it is unable to prove its competitiveness. Although several factories have benefited from a $500m government intervention to revive the country's textile industry, according to manufacturers monetary support alone will not fix the problem.
Saidu Dattijo Adahama of Adahama Textiles said that they not only need the financing but also the electricity supply which is still below 20 percent.
Secondly, the business environment is not really sufficient enough for "made in Nigeria" products to compete with the Chinese imports. The Nigerian textile sector cannot compete with the Chinese without protection.
Since manufacturers cannot produce enough material, this means that textile traders down the line must rely on imports, much of which is smuggled.
At the same time, importers have tightened the supply chain, insisting on upfront payment since the local currency, the naira, was devalued.
Traders, on the other hand, want a quick propping up of the local currency to make imports affordable. Until such interventions happen, more traders and manufacturers will be at the mercy of Asian suppliers.
Cheap imported fabrics, power cuts and a rise in production costs are making it difficult to for Nigerian textile traders in the country's northern city of Kano to compete.
Nura Maliya, local textile trader, said that many traders have closed shop as supply lines are drying up as distributors insist traders pay upfront before they deliver. He, too, is about to follow if things don't improve soon.
In the face of stiff Asian competition, the manufacturers are asking for government protection as they can only rely on the government to lend them a helping hand in this crisis.
A report that is issued every week covers price statistics and objective analysis of the market trends on various textile value chains
A crisp report that is issued every month covers analysis of the price and market trends on various textile value chains
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
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Recession Seen as Unlikely in '95 or '96
Published: September 12, 1995
WASHINGTON, Sept. 11— The economy has reached the long-discussed "soft landing," with no recession in sight, top analysts believe.
The consensus of the latest surveys by the National Association of Business Economists and the newsletter Blue Chip Economic Indicators is that the economy will grow by 2.9 percent this year and by 2.4 percent in 1996.
"Out of 49 respondents, only one anticipates that a recession will begin this year," the business economists said in releasing their survey results today. "Three more expect the next recession to begin sometime in 1996."
None of the 52 forecasters in the Blue Chip survey saw a recession coming in either year.
The term "soft landing" is often used to describe an economy slowing sufficiently to keep inflation in check, but not stalling into a recession.
That was the Federal Reserve's goal when it raised short-term interest rates seven times in 15 months through February 1995. But after the economy slowed almost to a stop last spring, and without any serious inflationary pressures in sight, the central bank lowered rates in July.
The business economists conducted their survey in August. The results were released at the association's annual meeting in San Francisco and made available here. The poll by Blue Chip, which is based in Sedona, Ariz., was taken in September.
The two polls produced identical predictions for inflation: 3 percent this year and 3.2 percent in 1996. The Consumer Price Index rose 2.7 percent in 1994.
They also included similar expectations of unemployment prospects. The business economists' consensus was that the jobless rate would fall to an average of 5.7 percent this year from 6.1 percent in 1994, before edging up to 5.9 percent next year.
The prediction in the Blue Chip survey was for unemployment of 5.7 percent this year and 5.8 percent in 1996.
The business economists' prediction for economic growth this year, 2.9 percent, would be a weaker reading than the 3.2 percent estimate in the association's previous survey, in May. But the latest forecast for 1996 indicated stronger growth than the earlier forecast of 2.2 percent.
Growth slowed from a 5.1 percent annual rate in the final quarter of 1994 to 2.7 percent in the first quarter of 1995 and 1.1 percent in the second.
The growth rate for April through June was the slowest since the economy expanded at a one-tenth of 1 percent rate in the final three months of 1991. The business economists' group predicted it would be the weakest of the year.
Contributing to economic growth this year will be business investment in new plants and equipment, which the business economists predicted would rise by 14.3 percent, and consumer spending, which they saw rising by 2.7 percent.
But the forecasters expected other economic factors, including residential expenditures, government spending and net exports, to decline.
The business economists saw a different growth composition for next year.
The association projected that growth in businesses' fixed investments, at 5.6 percent, would drop into single digits for the first time since 1992. "Growth in consumption will again about match the performance of the overall economy," at 2.3 percent, the group said.
"Modest gains, rather than declines, will be posted by residential investment," at seven-tenths of 1 percent, and by government purchases, at four-tenths of 1 percent, the business economists said, while net exports will rebound strongly, they added.
Finally, the economists predicted that businesses would continue to trim their inventories through much of 1996, paring $9 billion worth of goods.


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Elon Musk admitted in courtroom on Monday that he wished Tesla shareholders to rely on his notorious 2018 tweet that he had “funding secured” to take the automaker non-public, regardless of his repeated makes an attempt to say that he solely believed he might safe the cash.
Why it issues: One of the questions the jury is tasked with deciding is whether or not the Tesla CEO’s tweets had been materials — that’s, vital info that might affect investor selections.
Catch up fast: The Tesla CEO is being sued by investors over his false 2018 tweet that he had secured funding to take the corporate non-public.
- The trial kicked off final week with two, with Musk starting his testimony on the finish of Friday’s proceedings after two investors and one skilled took the stand.
- On Friday, he argued that “it is tough to say that the inventory value is linked to a tweet” when discussing posting tweets as official firm communications, including that typically, the inventory has behaved in stunning methods.
What he is saying: “I anticipated that there [would] in all probability be some enhance within the inventory value — appears possible,” he mentioned, per the Financial Times.
- “If you say that you simply’re contemplating taking an organization non-public or buying an organization, … there’s going to be some premium.”
The huge image: Musk additionally testified that he posted the tweet as a result of he was nervous the Financial Times would possibly publish details about his plans and wished all Tesla shareholders to know that he was contemplating the transaction.
- He additionally mentioned that following his conversations with representatives of Saudi Arabia’s sovereign wealth fund, he believed they had been dedicated to investing as a part of a take-private transaction.


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There's some pretty sweet gadgets on the technological horizon, according to the Kiplinger Letter, which has been forecasting for 90 years. But not all of them will make you happy. Shutterstock / Ollyy
The UpTake: There's some pretty sweet gadgets on the technological horizon, according to the Kiplinger Letter, which has been forecasting for 90 years. But not all of them will make you happy.
For 90 years, the Kiplinger Letter has forecast future trends set to change the way we work. In 1959, the letter forecast copiers and printers, and in 1963, it mentioned “pocket gadgets” that would allow workers to call anyone from anywhere, according to a statement released by the company.
Earlier this week, the publication released its newest installation of the letter, with eight technologies editors think will soon be invading office spaces everywhere. And although some of the technology makes us feel a bit uncomfortable on the privacy front, there’s some pretty cool stuff too.
"There’s a lot of potential to build off existing technologies if you can recognize the right business use," wrote John Miley, reporter for the Kiplinger Letter, in an email to Upstart Business Journal. "Along with bringing down the cost enough to make it a valuable investment for businesses."
Some of the technology already exists, but just isn't seeing widespread adoption. Click the next page button to view the future technologies that may be invading your office, for better or for worse.
Michael earned his BA from Mercer University, along the way excavating a Roman bathhouse with the American School of Archaeology. Plus, he provided security at Oxford University, where he also studied literature and philosophy. He earned his MS from Columbia University’s Graduate School of Journalism while training for and running in the New York marathon.
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After launching the new voice memos player in a beta update for iOS PC, the app is enabling the same feature for beta testers on Android.
Thanks to this feature, the user will be able to play voice notes even if he switches to a different conversation, as detailed on the specialized WABetaInfo website.
With this, you can send a message to a different contact while playing a received voice memo in another chat.
This is how the soon-to-be-released new feature will work in the messaging app
Currently, if a user leaves a conversation while the audio is playing, the message will stop automatically.
The feature is still only available in the beta version. It will be released soon to all users. Discover what’s new:
New entry in the messaging app
Also according to the information, WhatsApp is imposing new restrictions when forwarding messages.
The new limitation was found in a recent beta update for Android and should be rolling out soon to all users.
What does this mean? When you want to resend a forwarded message, you cannot choose more than one group at the same time.
The amendment should be a new measure aimed at combating fake news on the popular messaging platform.
“Beer Geek. The Evil Ninja of Pop Culture. Life Coffee Scholar. Professional Internet Teacher. Meat Teacher.”


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Today's top tech stories include Amazon's grocery store of the future and Google's emergency contact app for Android. Meanwhile the consensus rolls in as Oculus Touch reviews have hit.
FOX Sports Sun Will Manso and John Crotty review the Miami Heat's loss to the Portland Trail Blazers and look ahead to Tuesday's matchup vs. the New York Knicks.
From Kendall Jenner's hot look to Gigi Hadid's unbelievable lingerie, see which outfits made our list of the five hottest looks from the 2016 Victoria’s Secret Fashion show.
On Tuesday morning, Donald Trump tweeted that due to the costs involved, he is not in favor of the new Air Force One jet that the government has already set in motion.
Poland's supreme court has upheld an earlier verdict that Oscar-winning filmmaker Roman Polanski cannot be extradited to the United States. Francis Maguire reports.


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On June 22nd, 2017, Sears Canada filed for bankruptcy. First, we should ask: How is this different and similar from filing bankruptcy in the United States? An oversight committee will be assigned to keep an eye on the financial day to day operations of the company without having direct control. The Sears Canada bankruptcy was filed under what is called Companies’ Creditors Arrangement Act. It is different from Chapter 11 bankruptcy in a few major areas. The oversight authority will have supervision over the sale of assets and will be responsible for declaring if Sears Canada should refile under the Bankruptcy and Insolvency Act. This would mean a total liquidation.
The Sears Canada Bankruptcy
After other bankruptcy filings in the US, many individuals aren’t surprised to hear the news of Sears Canada Bankruptcy filing. Sears and Kmart have closed over 200 stores, J.C. Penny 138 stores, and countless other retail companies have shed a number of stores in 2017. BankrtupcyData.com has reported more than 300 retailers have filed for bankruptcy in 2017 alone. Chapter 11 Bankruptcy is the main form of debt relief for companies. It allows them to restructure their debt while continuing to operate. The store closings are an effort to significantly lower operating costs across the board so that the brand can stay alive.
The recent bankruptcy declaration begs a number of questions. How can such a large and seemingly successful department store have so much trouble? Changes in fashion trends and the rise of Amazon.com may hold the answers. E-commerce giants are making it more difficult for mall based brands to compete. While Sears most likely will survive the shedding of jobs and stores, it remains unseen as how retail stores will find their niche in digital world where almost anything can be bought online and shipped directly to your home.
Sears Canada will continue to be monitored by the Superintendent of Bankruptcy in Canada to assess its financial health. If you’re interested in the details, you can find information from Sears Canada’s Pre-filing report.
For more information: https://cfcanada.fticonsulting.com/searscanada/docs/Pre-Filing%20Report%20of%20the%20Proposed%20Monitor%20-%2022Jun20….pdf


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Hotels in our San Francisco room block are going fast. Act now to secure your preferred hotel selection and enjoy Early Bird pricing through Sept. 14.
The Auto Industry Event of the Year returns to San Francisco January 24-27, 2019! Registration and Housing are now open.
NADA Show is the Auto Industry Event of the Year, with lively workshops, more than 500 top industry exhibitors and unlimited opportunities to connect with key auto-industry players.
Reserve your registration and housing for NADA Show 2019 in San Francisco beginning July 23, 2018.
NADA is now accepting applications for Expo Booth space at NADA Show 2019 in San Francisco.
Workshop Recordings from NADA Show and ATD Show 2018 are now available as an exclusive membership benefit.
The 2018 Expo is available all year long to registered attendees. Continue to shop the Expo on our MyPlanner website.
We are looking for our next round of educational speakers who will deliver top-notch learning sessions at NADA Show 2019 and ATD Show 2019.
“The automobile is the most exciting platform for innovation in the next 100 years,” says new NADA Chairman Wes Lutz.
Teuton urged dealers to take an interest in legislative issues – such as the President’s infrastructure proposal, changes to the tax code and regulatory burdens – that impact truck dealerships.


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Have you ever wanted to go back and correct the mistakes you’ve made in the past? I know I would. And every once in a while, we’re given a chance to right what was once wrong (hoping the next leap… is the leap home. That’s right, I used a Quantum Leap reference), and this week, I had the chance to check out one of the corrections of the past, namely Richard Donner’s version of the classic film Superman II. So grab your red cape and read on!
DC comics has announced that part four of the “Last Son” storyline written by Geoff Johns and Richard Donner has been moved from January to March. Instead of appearing in Action Comics #847, the 3D issue will move to Action Comics #848. Filling in for issue #847 will be a Dwayne McDuffie (w) and Renato Guedes (a) story featuring General Zod and other baddies from the Phantom Zone. via DC Comics
After a quick sell out at DC Comics, ACTION COMICS #844 is being rushed back to press for a second printing. This issue features the debut of the new creative team of writers Geoff Johns & Richard Donner and artist Adam Kubert. “It’s been an absolute honor to be a part of ACTION COMICS with Dick, Adam, (colorist) Dave Stewart, (letterer) Rob Leigh, (editor) Matt Idelson and (associate editor) Nachie Castro,” says Johns. “I’m incredibly proud of the work we’re all doing and thankful for the retailers and readers giving our run on ACTION a go.” ACTION COMICS #844 Second


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Security concerns over radio frequency identification technology seem to be coming to a head, as consumers express their dissatisfaction at security risks with hammers, hole punches and microwave ovens.
Analysis: Students at some universities are trying to halt illegal file sharing, which helps reduce the liability of the universities themselves. Corporations, which pay much less attention to illegal downloads, may not be so lucky.
The provider's software could extend secure access to Oracle databases and applications across unsecured connections on the Web and elsewhere; the acquisition would be Oracle's second in as many weeks.
In September SAP plans to roll out a tiered incentive plan that rewards VARs and resellers based on the resources they spend selling SAP's small-business app Business One. SAP's goal for 2005 is to double the 100 VARs selling its SMB product in North America.
A new breed of online extortionists is threatening to attack Web sites unless the companies pay up. Some big-name sites, including Microsoft and Google, were saved from harm last June with concerted combat against an army of bots.


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Market City on market
The Chamber of Fruit and Vegetable Industries in WA is consulting its members in a bid to develop a proposal to buy Market City at Canning Vale.
The move comes after the State Government last week announced it would sell the market site, along with port assets in Kwinana and Port Hedland, in the hope of recouping financial losses.
CFVIWA chief executive Martin Clark said while the chamber would lead negotiations, it was likely a separate company would be established to raise capital to purchase the market.
"This industry can't just stand by and watch the markets be sold without putting up its hand to take ownership," he said.
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"We need to be in the mix."
A meeting will be held on the week starting September 15, inviting all chamber members to discuss next steps, including costs involved in taking the bid forward.
If the members opt to proceed in placing a bid, the chamber would need to ascertain a fair and reasonable price for the markets.
Mr Clark said it was too premature to determine the structure of the type of company that would be established, but it was possible there would be the need to attract some capital from non-industry investors.
He was broadly supportive of privatisation, provided the majority was owned by market tenants and other industry participants.
"This would mean the industry is taking control of its own destiny," he said.
"We are particularly keen that the markets are preserved as markets, and have the ability to expand as time rolls on, not just in the near future but for generations to come."
Mr Clark said markets in Sydney, Brisbane, Adelaide and Newcastle had been privatised in recent years, and the chamber in those markets had co-ordinated negotiations.
Those privatisations had been beneficial for the market tenants and the industry, being fully tenanted and efficiently run, he said.
During those privatisations, Mr Clark held the role of chief executive of the Australian Chamber of Fruit and Vegetable Industries, based in Sydney, so has been close to the coalface in such negotiations.
About $640 million of WA fresh produce is traded through the Canning Vale market each year.
It also provides the base for fresh produce imports and exports as well as two-way trade with the Eastern States.
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In a business environment where value for money is the focus, over 70% of CEOs have stated that responsible business practices have a positive impact on their bottom line. These are the findings of the CEO Responsible Ireland Survey 2012 run by Business in the Community Ireland. The research performed by Amárach also found that one in two CEOs believe that corporate responsibility (CR) policies and practices have given them a direct competitive advantage ranging from tender acquisition and staff retention to general improved reputation. The survey results are being announced at the launch of Responsible Business Week 15th-19th October 2012.
“This research shows that the majority of Irish companies that are engaged in responsible business practices are seeing a significant return on investment, said Tina Roche CEO, of Business in the Community Ireland. Strong corporate responsibility practices can have an impact right across the business; it builds a company’s reputation both internally and externally which can have far reaching effects.”
CEOs believe that Ireland’s overall business reputation is on the rise improving more significantly abroad (70%) than at home (58%). The internal reputation of companies is also coming more and more into the spotlight as more than half (56%) of all CR activities are now focused on the workplace with companies providing staff with well-being programmes, professional development and volunteering opportunities. Community remains the highest focus with 69% of companies involved in community programmes. Just under half of companies are running environmental protection programmes.
Although CEOs are seeing a return on investment, just over one in every five companies (22%) have no measurement system in place for their CR and sustainability practices. A further 20% are only using ad hoc, word of mouth measurement meaning that nearly half of all companies have no specific measurement system for sustainability practices in place.
“Measurement of corporate responsibility allows for management of policies and practices and can help to identify gaps or risks in a company’s business chain. Until companies start to measure CR practices it will be difficult for them to develop a comprehensive business strategy that has sustainability at its core.” said Roche.
However, engagement levels are growing within companies with nearly 60% of companies saying all departments are now equally engaged with the CR agenda. Finance departments were highlighted as the least engaged followed by IT. Interestingly, nine out of ten CEOs said that they have a personal dedication to having a responsible business agenda, showing that CEOs are leading from the front when it comes to running a sustainable business.
Click here to download the full report and here for a copy of the presentation.


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Specialist in affordable pay-as-you-go solar technology, Azuri Technologies, has unveiled its new 32-inch solar satellite TV system specially designed and customised for off-grid customers in Africa. The 32” Azuri TV is the latest product release from the company which already has in its product portfolio a 24” solar satellite TV.
Pay-as-you-go solar company Azuri Technologies and the Electrification Financing Initiative (ElectriFI) will have a presence at the UN Climate Change Conference COP24 this week to showcase how innovative financing in the off-grid solar sector is helping millions across Africa access affordable, renewable, clean energy.
Provider of pay-as-you-go solar power, Azuri Technologies, in conjunction with APA Insurance, Kenya’s leading insurer, has announced the launch of HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.
Cambridge-based Azuri Technologies’ distribution partner, Kazang Solar, has been awarded $1.6million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT), funded by the UK Department for International Development.
Cambridge tech firm, Azuri Technologies, a provider of pay-as-you-go solar home systems to off-grid consumers, will join Prime Minister, Theresa May and a British business delegation on a trade mission to Africa to strengthen business relations between African countries and the United Kingdom.


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The announcement comes after a committee of independent directors along with financial and legal advisors, completed a review of the firm’s strategic alternatives.
Maxine Clark, CEO said the expanded programme represents “excellent use” of the firm’s capital resources.
“The process conducted by our special committee was very comprehensive, but, as I said last month, complicated by a significant tightening in the financing markets and a general weakening in the consumer and retail environment,” Clark said.
“The Board’s decision to increase our share repurchase programme is a testament to our confidence and optimism in the strength of our business model and our commitment to increase shareholder value,” she continued.
The firm plans to focus on balancing its long-term business goals with short-term challenges in the retail environment. It aims to slow new store growth to about 25 stores, raise awareness of its online website and continue its European operations among other strategies.


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About This Statistic
This statistic presents the number of monthly active Facebook Messenger chat app users from April 2014 to July 2016. As of the last measured month, the mobile messenger had 1 billion monthly active users worldwide.
Facebook messenger users – additional information
Mobile messenger apps are on the rise, with optimistic projections for this market in the coming years. The number of mobile phone messaging apps users is forecast to nearly double between 2014 and 2019. A total of 2.19 billion people are projected to use mobile phone messaging apps by that year. In line with this forecast, the user penetration of over-the-top messaging services, which includes mobile phone messaging apps, is also expected to grow from 51.7 percent in 2014 to just over 68 percent by 2019.
In terms of service providers, WhatsApp, acquired by Facebook in 2014, is the most popular mobile messenger app in the world. Chinese QQMobile is the second most popular instant messaging service, while Facebook Messenger takes the third place. WeChat, Skype, Viber, LINE, BlackBerry Messenger and Kakaotalk complete the list of the most popular mobile messenger apps. Amongst them, Facebook Messenger has the highest global reach in the market, registering a global active usage rate of 36 percent by the end of 2015.
Initially released in 2011, Facebook Messenger, an app purely dedicated to chatting, was developed to take over the instant messaging function previously connected to the main Facebook app. The service imports Facebook’s contact, and can be used both on a desktop computer and mobile devices. According to the Global Web Index study, Facebook Messenger is mostly used to send messages, photos and stickers. As of April 2016, Facebook Messenger had 900 million monthly active users. The number of monthly active users in the app has been consistently growing since 2014, when the service had 200 million monthly active users only. The global usage penetration of Facebook Messenger also increased from 18 percent in the first quarter of 2014 to 37 percent in third quarter of 2015.


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By Alabama NewsCenter Staff
REV Birmingham has launched a monthlong promotion to boost foot and web traffic to local businesses struggling because of COVID-19.
“Birmingham needs small businesses to survive and thrive, and Birmingham needs customers to support businesses,” said Rob Buddo, of REV Birmingham and project manager for The Great Receipt Race. “REV is using the hashtag #BhamNeedsYou to ask people across the city to take action in whatever ways they can to help the city move forward. Playing The Great Receipt Race is an easy way to answer that call.”
To start playing The Great Receipt Race, participants should text RACE to 267-TEXTREV (267-839-8738). The participant will receive instructions to start sharing proof of local purchases throughout August. Receipts must be from businesses within the city of Birmingham that have three or fewer total locations; each receipt submitted is a chance to win.
Winners will be randomly selected each week from the people who text receipts. Each week’s prize package has products and gift cards from local shops and restaurants. REV will be posting prize updates regularly on Facebook, Instagram and Twitter.
In addition, throughout National Black Business Month in August, Urban Impact and REV will promote The Great Receipt Race’s take each Friday. Receipts submitted on Fridays from black-owned businesses will earn each submitter two chances to win instead of one, and Urban Impact and REV will collaborate to spotlight on social media many of Birmingham’s black business owners.
“To say that small businesses are vital to Birmingham is an understatement,” said David Fleming, REV Birmingham president and CEO. “Our businesses have given us so much of what makes Birmingham unique. Now it’s time that we give them as much support as we can to get through COVID-19 and beyond.”
In addition to purchases in-store, curbside and online, customers can support their favorite businesses by sharing kind words about them on social media and leaving positive online reviews. REV encourages people across Birmingham to look for ways to contribute to a healthy business community.
REV is distributing limited print marketing materials for The Great Receipt Race to businesses downtown and in Woodlawn. However, all businesses within the city of Birmingham with three or less total locations are invited to promote the The Great Receipt Race, using social media and self-print materials found in the toolkit on the webpage.


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Thursday, April 16, 2015
First 2016 Cadillac CT6 Sale Happening at 2015 Barrett-Jackson Palm Beach Auction
Starting this Friday, the 2015 Barrett-Jackson auction in Palm Beach will move a host of classic, custom and rare vehicles. While the Palm Beach is not as glitzy and record-setting as the sale in Scottsdale, Barrett-Jackson's second auction in their yearly calendar does feature a docket of automobiles enthusiasts would crave. 1930s street rods, extravagant machines from the 1950s, muscle cars of the 1960s and the amusingly sought-after Volkswagen 21-window bus is represented at the exciting car sale held within the South Florida Fairgrounds.
As is customary with most Barrett-Jackson auctions, the Palm Beach event occurring between April 17th and the 19th will also feature a handful of purchasable items that will benefit more than the buyer and seller. Six charity listings will be part of the 2015 edition of the auction. Topping the charity auction list for Barrett-Jackson Palm Beach is the chance to purchase the first retail example of Cadillac's new flagship sedan, the 2016 CT6.
Registered as Lot #3001, the 2016 Cadillac CT6 luxury car is being auctioned-off to benefit the Karmanos Cancer Institute (a Detroit-based organization devoted to cancer research, care and education). Cadillac CT6 sale is will be the latest case of a new trend where General Motors has given first crack at their newest, hottest products. Early examples of Chevrolet Corvettes, Chevrolet Camaros and most recently a 2016 Cadillac CTS-V Sedan has been sold with proceeds going to charities. In January, the new CTS-V garnered $170,000 for the College of Creative Studies. The sale of the 2016 Cadillac CT6 will be interesting to note since the manufacturer retail price for the super luxury sedan has not been released. While the sedan itself is likely to be valued in the six-figure price range, charity auctions at Barrett-Jackson have always obtained higher than retail sale prices. The time of sale for the 2016 CT6 at Barrett-Jackson Palm Beach is slated for 4PM on Friday.
Other charity listings set for the 2015 Barrett-Jackson Palm Beach auction includes a 2015 Chevrolet Camaro COPO racecar being sold to support the Achilles Freedom Team, a Tony Stewart "Smoke" edition custom Chevelle helping the Darrell Gwynn Foundation, a custom 1996 GMC Sierra pickup truck benefiting the Boy Scouts of America, a 1969 Camaro Z/28 Retro-mod for the SPO Foundation For Hope and a pair of boats for the Foundation for Exceptional Warriors.


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American Multinational General Motors CEO has issued a statement that nothing prevents the company from accepting payment in the form of BTC. In her statement to CNBC, she added that the company’s decision would be dictated by their customer’s interests and that their main priority is easing the buying and ownership process for its customers.
The company has been entertaining the idea since as far back as February this year. This interest in crypto was earlier witnessed by Tesla when they declared that they would accept payment in the form of bitcoin. Although Tesla’s CEO Elon Musk would later recant this deal citing environmental concerns, the company has always stayed open to the possibility of adopting a more eco-friendly Bitcoin should it emerge in the future.
The adoption of virtual currencies seems to be on an upward trajectory globally. Countries such as Norway and Denmark are almost going cashless, and there’s an increase in the number of youth investing in them. Although highly volatile, cryptocurrencies continue to gain popularity due to their versatility and are now being used for charity and in the sports industry, among others.


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This year’s iPhone may feature significantly upgraded front and rear camera sensors, according to Indian website CompareRaja. In a joint report with prolific smartphone leaker Steve Hemmerstoffer (OnLeaks), the outlet says at least one of the prototype handsets Apple is testing right now has a 10MP front camera, and a 14MP camera on the back.
New renders surfaced on the web today, purporting to show the design of one of Apple’s next iPhone. In a joint venture, Indian website CompareRaja and notorious smartphone leaker Steve Hemmerstoffer (OnLeaks) released the images, which they believe to represent a legitimate iPhone prototype.
Apple may be working on a new iPod touch, according to a report from Japanese blog Mac Otakara. Citing supplier sources at CES earlier this month, the outlet says the company may be working on a 7th generation of the device, which was last updated in mid-2015.
The next model of Apple’s popular AirPods has surpassed another milestone on its way to release. As noted by MySmartPrice, the wireless earbuds have received certification from the Bluetooth Special Interest Group (SIG), essentially giving them the green light to move forward.
Japanese publication Mac Otakara has reportedly heard from several accessory makers attending the Global Source Mobile Electronics Trade Fair that the upcoming iPad Pro tablets for 2018 would indeed ship with a USB-C port, not Lightning.


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On the tails of her latest single "Lady Luck", singer Masaki Yuka, who debuted just half a year ago, has released the full PV fourth single, "Change Myself". She is garnering attention for her hard work as this release comes less than a month since "Lady Luck".
The songs powerful beats and melodies match well with the encouraging. The PV itself shows off Masaki brave fashion sense and emotional side. Without further ado, check out the full version of the PV!
Upvote if you think more people should see this post!
Posted by 0 pt Saturday, August 6, 2011
Masaki Yuka releases full version of the "Change Myself" PV
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While numerous Mac news sites reported on Apple’s 10-K filing with the SEC today, none dug deep enough into the details to reveal an interesting tidbit about the company’s fiscal year ended September 31st.
According to the filing, the company was attacked by a horde of giant ants some time during the second quarter. Several employees lost their lives, including one who was tragically just days away from retirement. His fellow employees swore vengeance against the ants and routed them from the campus, but not before everyone learned something about themselves.
The entire incident would have gone unnoticed if the company had not claimed a little-known tax exemption set up in the 1950s specifically for companies that suffered an attack by giant ants.
“They were a lot more prevalent back then,” said IRS spokesperson Nell Peterson.
Apple was stoic about the incident.
“We don’t like to make a big deal out of it,” said Senior Vice President of Worldwide Marketing Phil Schiller. “We were attacked by giant ants.”
Schiller shrugged. “Eh. It happens. Whaddaya gonna do?”
Chief Technologist Avie Tevanian also took the attack in stride.
“Oh!” Tevanian said, when reminded. “The giant ant thing. Heh-heh. Yeah… that was funny.”
Some sources at the company claim that it was also attacked by giant bees, but it garnered even less interest as there is no tax exemption for such an attack.


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Imported solar power cells and large household washing machines are likely to get more expensive in the United States.
They will be subject to new tariffs intended to protect American producers.
For solar cells the tariff will be up to 30% and for washing machines as much as 50%, although there will be exemptions and the tariffs are due to be phased out over the next few years.
Is the US playing by the rules?
China and South Korea, who are major suppliers of the affected goods, have - not surprisingly - protested.
South Korea in particular is planning a complaint to the World Trade Organization (WTO). The country's trade minister, Kim Hyun-chong, has said the US actions violate the WTO's rules.
There is, in fact, a basis in the rules that can allow countries to take the type of action the US is doing.
They are called safeguard measures. Countries can impose additional tariffs on imports of goods if there has been an increase that harms, or threatens to harm, a domestic industry.
But there are WTO rules on how to investigate the alleged harm and apply any new tariffs. Countries whose exporters are hit by any safeguard tariffs can make a complaint in the WTO's dispute system to argue that the measures have not been taken in a way that complies with those rules.
Has the US done this before?
President Donald Trump is not the first US leader to use this trade tool, but they don't do it frequently. The last occasion was 2001 under President George W Bush. That was over steel imports and several countries complained to the WTO.
US trade officials under President Barack Obama encouraged other countries not to use this approach in dealing with problems from competing imports.
The trouble with safeguards is that they are applied to imports from all suppliers (with some exceptions).
There are alternative tools available under WTO rules that are more selective, that target imports that are arguably traded unfairly. Countries can slap extra tariffs on imports if they are subsidised by the exporting country's government or sold cheaper than in the supplier's home market - that's known as dumping.
The US has used these alternatives more frequently and has tried them for both the types of goods involved in the new action: solar panels and washing machines. The Trump administration was clearly not satisfied with the results.
The administration's willingness to use the safeguards tool is very much in line with the more muscular approach it has taken to international trade policy, and a view of globalisation that is much more sceptical than that of his predecessors.
What happens next?
For the countries on the receiving end of the US measures, a WTO complaint is not a rapid response. Once countries notify the WTO that they are making a complaint, they then have to spend at least 60 days in "consultations" trying to resolve the dispute by discussing it with the other side.
Only then can they ask the WTO to set up a panel to hear the complaint and that generally takes months to reach a decision. The losing side can then appeal. The whole process can easily last a couple of years.
President Trump has also been very sceptical about the WTO's dispute system, claiming that the US "loses almost all the lawsuits" it is involved in.
It is not actually true; the US wins some and loses some. But if this one does go through the whole dispute process, it will provide fuel for the debate about the US's relationship with the WTO.


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Rovi Announces Acquisition Of TiVo To Create A '$3 Billion Entertainment Technology Leader'
Rovi Corporation (NASDAQ: ROVI) announced Friday it has entered into an agreement to fully acquire TiVo Inc. (NASDAQ: TIVO) in a transaction that values the company at $1.1 billion, or $10.70 per share.
The offer represents a premium of approximately 40 percent of TiVo's closing price of $7.66 on March 23 - the final trading day prior to media reports about a potential merger.
Related Link: Tivo Merger Talk With Rovi Boost Shares
Rovi noted its acquisition will create a "$3 billion entertainment technology leader" as it combines two "of the industry's most influential players." The company added the deal will be accretive to its non-GAAP earnings per share within the first 12 months of the deal closing and generate $100 million in annual cost synergies.
The combined entity will consist of an IP portfolio of over 6,000 issued patents and pending applications.
Rovi said it will adopt the iconic TiVo brand as its new company name.
"Rovi's acquisition of TiVo, with its innovative products, talented team, and substantial intellectual property portfolio, strengthens Rovi's position as a global leader in media discovery, metadata, analytics, and IP licensing," said Tom Carson, CEO of Rovi. "It's an exciting time as the media and entertainment landscape undergoes a significant evolution. The combined capabilities of TiVo and Rovi place us in a tremendous position to extend services across platforms and to a customer base that includes traditional, over-the-top and emerging players across the globe. By working together, Rovi and TiVo will revolutionize how consumers experience media and entertainment and at the same time build value for our stockholders."
"We're proud of TiVo's strong innovation history and of the ongoing efforts of our team to provide best-in-class products for our loyal consumer and service provider customers," said Naveen Chopra, Interim CEO and CFO of TiVo. "This transaction is the culmination of those efforts and the logical next step for TiVo. In joining forces with Rovi, our customers, employees and stockholders will benefit from being part of a more diversified industry leader with significantly greater market opportunities. Our combination creates a more influential global player with a commitment to product innovation, which will be incredibly well positioned to redefine television."
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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Introduction From the time Kotlin was announced as the official Android app development language, developers have benefitted from the updates released for it. Each update brings along features that make Kotlin far better than its counterpart Java. The most recent updated version of Kotlin i.e., 1.3.60, is an excellent pick for backend projects. The … Continue reading
In today’s competitive world, many people and businesses are using business technology increasing the chances of exposure to security and identity threats. It is estimated that more than 52% of people across the globe spend at least 2 hours on mobile apps. Thousands of new apps hit the market every week, which give hackers … Continue reading
Google has finally announced the most awaited Android OS update ‘Oreo’. This new operating system continues to the Google’s tradition of naming Android updates after sweets. Android Oreo is going to be the backbone of future android devices. Many companies have confirmed that their recent flagship phones will be updated to Android Oreo. You … Continue reading
Google has come up with another important update on ranking algorithm of apps on Play Store. Well, there are many questions regarding this update, such as – how it affects the user experience? Will it have any impact on developers? What developers should do? And so on. Lets learn some more about this latest … Continue reading
Your Smart phone isn’t just a phone with calling and messaging capabilities but, it is much more than you might have ever imagined. A smartphone is designed to perform all types of tasks that a computer can perform such as the drag and drop of files between your smartphone and computer to plugging a USB … Continue reading
Promatics is an ISO 9001:2008 certified offshore web and mobile application development company with a strong team of 100+ highly skilled IT experts delighting SMEs across USA, Europe and APAC. Our services and solutions help clients to achieve tangible business value and remain competitive in today’s evolving marketplaces.


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Having received deliveries of school meals from her grocery supplier, Steuben County Metropolitan School District Director of Food Services Stephanie Haynes-Clifford said the last three deliveries were “like Christmas … you don’t. not know what you are getting! “
Haynes-Clifford is one of many school food service managers who are feeling the impact of national supply chain issues.
“The supply chain has been slowed down by COVID, the lack of warehouse workers and drivers,” Hamilton Schools Superintendent Anthony Cassel said in a message to families in Hamilton.
“Schools are having a hard time finding food all over the United States. The menu may not be correct as our staff go to great lengths to provide meals for our students. We will take the necessary steps to ensure the continuity of breakfast and lunch. “
Cassel said in a recent week that only half of an order is expected and replacement items are hard to come by.
“Once again, we will continue the meal service. It may look different from the menu until the supplies become more reliable again, ”Cassel said.
In DeKalb Central schools, the situation is no different.
“We have a lot of shortages from our food vendors just like any restaurant or business across the country,” said Foodservice Manager Ashlee Shroyer.
She said the district is having difficulty obtaining items such as bottled water, chicken products, pizza and cheese, as well as paper products and silverware.
“And it’s not necessarily that the food is not available in the country. It is because there is a shortage of employees. There is a shortage of people making the plastic to send to the company who fill it with water which is then shipped to us. Or a shortage of truck drivers, so that doesn’t necessarily mean the item is out of date. It’s because the production availability is super limited, ”said Shroyer.
Shroyer said the district started to see supply issues this summer, “but not as bad as we are seeing now.”
For example, she said, one day last week, she spent almost four hours trying to replace products through a supplier, because the menu items originally didn’t were not available.
Haynes-Clifford said shortages have exploded over the past three weeks. Traditionally, their food service may encounter a few out-of-stock items each week that can easily be replaced by ordering a similar item. Now she has more than half a page of out-of-stock items in some buildings, she added.
“The entrees for breakfast and lunch are the biggest challenge because they aren’t as easy to replace. When the corn runs out, you order a different pack or brand, ”said Haynes-Clifford.
“It is very difficult for the salesperson to be able to communicate what the truck actually does and what not… I don’t want to disrespect our salesperson in any way. All salespeople experience this.
Haynes-Clifford said his department has been fortunate to have enough items in-house to replace with and is diligently trying to order additional items to have on hand.
East Noble School Corporation, like so many businesses across the state, is experiencing inconsistencies in food options and deliveries, said Teresa Gremaux, superintendent of the East Noble School Corporation.
“The National School Nutrition Standards, which regulate what foods can be served to students, have made it difficult to purchase lunch and breakfast items while meeting these strict regulations. There is an urgent need to relax national nutritional standards as we navigate the hurdle of food shortage, ”said Gremaux.
“Although our food service staff do their best to purchase relief supplies and research alternative options, the supply chain is limited. The shortage of drivers and workers also contributed to the situation, which has become increasingly problematic since returning to school in August.
Shroyer said the United States Department of Agriculture and the Indiana Department of Education have granted waivers to the school lunch program’s nutritional guidelines to help reduce the burden.
“But honestly, it’s still very difficult,” added Shroyer.
For example, Shroyer said, every main course should be 51% or more whole grain. Under the waiver, districts are allowed to serve an average of 50% of whole grain-rich items in a week, she explained.
“Our breadsticks might not someday be whole grain, but as long as we’re on average at 50% we’re still in compliance,” she added.
Shroyer said his department was more creative in providing meals for students to serve.
“If we have orange chicken on our menu – it’s one of the kids’ favorites – it might not be the brand they like the most. We buy chicken products and try to substitute with a sauce from somewhere else, then maybe some stir-fried veg from another company and make our own game on our menu items as much as possible, ”she said. .
“Managers spend hours trying to find products. It’s a weekly and ongoing thing. It is certainly a collaborative effort. Fortunately, our suppliers understand and they help us too. They see what we can’t get and they give us ideas and say ‘Hey, try this one. Another school district was successful, ”or“ We think we have this one in stock. Try this.
Shroyer said the school lunch menus are set up so there are several options to choose from.
“There is always food. It might not be their favorite choice that day, ”she added.
Lakeland’s foodservice manager Tammy Fennell said she was having difficulty obtaining chicken products.
“When we substitute items, when offered like chicken nuggets, we’re trying to find either a popcorn chicken, chicken fillets, or even a chicken patty,” Fennell said.
“It started where we could find replacements when they were out of what we wanted, but last week it wasn’t even possible. For our incoming chicken, I had something in the freezer for us to rest.
“We try to make sure we have lots of government chicken, like diced chicken, in our freezers, so we make sure we keep noodles on the shelves – something to make chicken and noodles. Anything that is shelf stable, we try to keep on our shelves just in case we can’t find a substitute, we’ll have enough to feed the children.
Fennell said she is working on her menus for October and tries not to include out-of-stock items. But she noted that students have favorite items and she doesn’t want to rule them out in case they are available.
Fennell said she also struggles to get paper products.
“We can’t find any straws. It’s a problem, ”she added.
Shroyer said his menus for August and September were prepared in July, knowing there were supply issues. Now she’s getting ready to handle the menus for October, November and December, she added.
“But the menu I make is honestly going to change from week to week because that’s how often the inventory changes,” Shroyer said.


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Last time we saw Tizen 3.0 running was on the Galaxy S 4. Now it also runs on the Galaxy S 3
(the Samsung Developer Device RD-PQ to be precise which has the same hardware). This is Tizen 3.0 Running on Hardware that hundreds of Developers and development companies have already got access to. So expect more Tizen 3.0 teasers soon.
if you are interested in developing some apps for Tizen, you can get the Tizen … Continue reading
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Samsung has recently filed some smartwatch patents at the United States Patents and Trademarks Office where it showed that Samsung will be working on a smartwatch with round display soon. Don’t confuse this with the rumored Galaxy Gear Solo with standalone SIM-card support though as this one requires to be paired to a smartphone or tablet for operation according to it’s patent description.
Looking at the patent details, Samsung’s new smartwatch, having a round display, looks similar to … Continue reading
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It looks like Samsung plans to be the next… Casio in the wearables market. So after launching Gear 2 and Gear Fit, the Koreans plan to unveil another smart watch this year becoming more aggressive in the wearables market.
So according to rumors Samsung plans to unveil a new smartwatch that will run on Android Wear OS, and not Tizen OS like Gear 2 and Gear Fit do. If these rumors are correct, … Continue reading
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Well here it is again, @evleaks strike back with some impressive leaks this time! And what he leaked? The purported specs of Google’s and LG’s first smartwatch!
As you can see it will be a smartwach with an IPS LCD display @ 1.65 inches, with a 280×280 pixel resolution, 512MB of RAM and 4GB of storage! It has similar specs to Samsung’s Gear 2 and Gear 2 Neo that however run on Tizen os and have better display resolution … Continue reading
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Well this looks like another piece of the S5 puzzle. According to SDNet Korea, a member of Samsung said that the most awaited Galaxy S5 flagship will not be making any appearance in this year’s MWC in Barcelona – even though a couple of days ago, another official of the company insisted on the contrary!
It looks like we won’t be seeing Galaxy S5 in MWC 2014 but most probably in a similar event in New York or London … Continue reading
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According to Lee Seung-woo, analyst at IBK Securities, Samsung is already working on the Galaxy Gear 2, and will surely be released early in 2014. Another reliable source also said that Samsung plans to unveil the Galaxy Gear’s successor at MWC in February 24th 2014.
Another device expected from Samsung for the MWC is the Galaxy Band, which is reportedly a health and fitness wristband with which can monitor physical conditions such as pulse and blood pressure.
Judging … Continue reading
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Electric Last Mile plans to liquidate, Mondee partners with EBG, and federal regulators deepen probe into Trump’s social media deal
EV-Truck Startup Electric Last Mile Says It Plans to Liquidate
Electric Last Mile Solutions Inc. (NASDAQ:ELMS) plans to liquidate its operations about a year after the electric-vehicle startup went public and just four months after both its chief executive officer and chairman resigned.
The Troy, Michigan-based company said in a statement late Sunday that its board and interim CEO, Shauna McIntyre, decided to liquidate through a Chapter 7 bankruptcy process. The decision comes after a review of Electric Last Mile’s products and plans turned up no better option for stockholders, creditors and other interested parties, it said.READ
Mondee Partners With EBG on Travel and Entertainment Technology Platforms and Subscription Based Marketplaces
Mondee Holdings II, Inc. (“Mondee”), the fast-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure, retail and corporate travel sectors, today announced that it has signed a strategic partnership with EBG to exchange access to technology, customer networks and a broad array of travel options, attractions and events.
Mondee expects to complete its previously announced business combination with ITHAX Acquisition Corp. (Nasdaq: ITHX) in the first half of 2022.READ
Federal regulators deepen probe into Trump’s social media deal
Special purpose acquisition company Digital World Acquisition Corp (NASDAQ:DWAC) disclosed on Monday financial regulators probing its deal with former U.S. President Donald Trump’s social media firm have sought more information, while warning this could potentially delay the deal.
Shares of the SPAC, which have lost nearly 15% so far this year, were down about 10% in premarket trading. The company signed a deal in October to merge with Trump Media & Technology Group Corp (TMTG), the creator of social media platform Truth Social.READ
Polestar Wins Car Design and Auto Trader Awards on the Back of Record Order Demand
Polestar has won the 2022 Best Brand Design Language award at the prestigious international Car Design Awards. Polestar’s Head of Design, Maximilian Missoni, received the Brand Design Language trophy at a ceremony held in Milan at the ADI Design Museum on 10 June.
Polestar intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in June 2022.READ
Athena Consumer Acquisition Corp. (NYSE:ACAQ) announced this afternoon that its stockholders approved its combination with German EV-maker e.GO at a special meeting held earlier today. Additionally, Athena Consumer’s warrant proposal to convert all outstanding warrants to 0.175 shares in the combined company was also approved. A total of 884,880 shares of Athena Class A Common...
October is set to be a quiet month for lock-up expirations with only four de-SPACs and four sponsors now open to trade their shares for the first time. The first customer is Bitdeer Technologies. Its shareholders and the Blue Safari sponsor both stand to gain the most out of this group from moving some of...
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25. A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%....
Anzu Special Acquisition Corp I (NASDAQ:ANZU) has closed its combination with Envoy Medical and its shares and warrants are to begin trading on the Nasdaq under the symbols “COCH” and “COCHW” on October 2. The SPAC secured shareholder approval on September 27 and still has not divulged redemption figures. But, it went into the vote...
Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2. The combined company will continue to be led by its existing CEO and a seven-member Board including Mercato CEO Dr....