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The glut of global vessel capacity next year and the year after is beginning to look like 2012 all over again, and the bad news is sinking in. “We must learn to live with overcapacities,” Maersk Line CEO Soren Skou told a Hamburg conference in October.
Facing freight rates on the Asia-Europe trade that again turned unprofitable in the third quarter, carriers are just beginning to cut back on deployed vessel capacity on that trade. Maersk Line, the G6 Alliance, the CKYH Alliance and Hanjin Shipping have suspended or even eliminated some Asia-Europe services, but many observers say it won’t be enough to sustain rates in 2013, when scheduled ship deliveries will add 7 to 9 percent to the world fleet, while demand is forecast to grow 4 to 6 percent.
“Simple math suggests there is not enough growth to keep these assets full,” said Esben Christensen, director of the Global Maritime Practice at consulting firm AlixPartners. “The second problem the carriers have is that they have already pulled a lot of the levers to absorb capacity, such as slow-steaming, so they will probably start idling vessels.” Carriers that already have idled about 6 percent of the global fleet are likely to start idling more ships in the next few weeks as the peak season winds down, he said.
But even that may not be enough to restore the supply-demand balance in view of the amount of new capacity scheduled for delivery. Nineteen of the top 21 ocean carriers have new ships slated for delivery in the next 15 months. The only top carriers without new orders coming are United Arab Shipping and Zim Integrated Shipping Services.
The container shipping business has always been marked by boom-and-bust cycles, but in the past those cycles have occurred over a number of years. The problem now is that the cycles are getting shorter. The boom carriers enjoyed in the years leading up to 2008 went bust in 2009. Carriers were able to cut capacity enough in 2010 to regain profitability. But in early 2011 they engaged in a rate war on the Asia-Europe trade that plunged them into the red again, before they regained profitability in the second quarter of this year. Some may earn a profit for this year as a whole, while others are forecasting losses.
“The lows are getting more severe – limited only by carriers’ capacity to stomach losses,” Alphaliner analyst Hua Joo Tan told the JOC’s TPM Asia Conference in Shenzhen last month. “Over the next 12 months we will see significant fluctuation of capacity being taken out and being put back in, and this will lead to a significant level of volatility at least as far as the spot markets are concerned.”
The problem is that as soon as carriers are able to reduce capacity enough to support their general rate increases for any length of time, they are tempted to return capacity to a trade so they can maintain or increase their market share. That, in turn, undermines rates. Unless they can idle enough ships this winter, carriers could extend their losses into next year.
The overcapacity is particularly acute in the Asia-Europe trade. “The current scenario in the Asia-Europe trades clearly shows that load factors are weak and rates have been falling on a weekly basis for some time,” said Neil Dekker, head of container research for Drewry Shipping Consultants in London. Although carriers have suspended several loops for the winter, and Maersk Line has ended its AE-5 service from Asia to Europe, “not enough has been done as a whole and certainly not on the Mediterranean trade,” he said.
The Drewry Annual Container Market Review published in October forecast the container fleet will increase by 7.3 percent in 2013 after scrapping and delays in deliveries, while demand for container shipping space will increase only 5 percent.
“This is not a great template for the carriers to continue upgrading their Asia-Europe services with more 10,000-plus-TEU ships and at the same time push through rate increases unless they are able to engage in much more effective capacity management at the individual trade route level,” Dekker said. “It is clear that more definite actions need to be taken by the carriers and this will include additional slow-steaming to absorb capacity and the real possibility of laying up more and indeed bigger ships.”
Carriers are trying to maintain a brave front, at least in public. “I am optimistic that we can avoid a rate war,” NOL CEO Ng Yat Chung told the TPM Asia Conference. “In spite of the huge capacity now coming in, carriers are not adding effective capacity to win market share. When the business is not there in Asia-Europe, carriers withdraw capacity.”
But analysts remain skeptical. “Capacity reductions are necessary but difficult to implement,” Alphaliner’s Tan said. “A single carrier is enough to break capacity discipline and trigger a rate war.”
AlixPartners, which advises international and domestic U.S. shipping lines as well as shippers, is telling its carrier customers not to count on getting rate increases. “We are advising our customers to focus on reducing costs, to provide a decent product, but in a very cost-efficient manner,” Christensen said. “The commoditization trend has already occurred. At this point, it is a matter of who can run it the leanest and most efficiently.”


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"Packaged apps allow Chrome OS [and Chrome] to become richer platforms," argued Hilwa in an email Friday. "The approach appears to be about offline capabilities, which make Chrome OS much more practical and useful. To the extent Google is able to build a rich ecosystem of these apps, Chrome OS may encounter more success in the marketplace."
Google and its partners have had only limited luck pushing Chromebooks. According to Stephen Baker of the NPD Group, during March and the first half of April, Chromebooks accounted for 22% of sub-$300 notebooks sold at retail in the U.S. Because the sub-$300 category was 19% of all notebook sales, Chromebooks were responsible for just 4% of all laptop sales.
Google has promised to add packaged app discovery to the OS X and Linux versions of Chrome 28's Dev build. The developer preview of Chrome 28 can be downloaded from Google's website.
This year's I/O conference, scheduled for May 15-17 in San Francisco, will host at least two sessions on packaged apps, including a project status update on May 15 and another on May 17 to show developers how to transform their Web apps into packaged apps.
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AVAD Announces Giveaways and Vendor Events for CEDIA 2017
Enter to win over $6,000 in prizes from AVAD in San Diego
Scottsdale, Ariz. – August 29, 2017 – AVAD LLC, North America’s leading provider of solutions for the residential and commercial custom installation market, announces product giveaways from vendors such as LG, Bose, Luxul, Lutron and more, as well as vendor Q&A’s throughout CEDIA 2017.
AVAD invites those attending CEDIA 2017 to visit their booth for a chance to win a 55” LG OLED TV, Sunfire Subwoofer, Bose Soundtouch, ProControl Remote, Integra and Onkyo receivers and more. Over $6,000 in products will be raffled off on Thursday, September 7th; Friday, September 8th; and Saturday, September 9th at 12:00 p.m., 2:00 p.m. and 4:00 p.m. each day. To enter to win, simply complete an entry form, found at the AVAD booth or other participating vendor booths. All completed forms must be submitted at the AVAD booth for entry.
Many AVAD vendors will be participating in a Q&A opportunity at the AVAD booth, providing dealers with firsthand knowledge on new products, features and more. The Q&A opportunities will be hosted at the following times:
- Thursday, September 7th at 3:00 p.m. with Onkyo and Integra
- Friday, September 8th at 1:00 p.m. with Jamo
- Friday, September 8th at 3:00 p.m. with Bose
- Saturday, September 9th at 1:00 p.m. with Sound United
In addition, AVAD is offering complementary espresso and beer at their booth. Coffee is available all day throughout the show and beer is available on Thursday, September 7th and Friday, September 8th between 4:00 p.m. and 6:00 p.m.
“We’re excited to return to CEDIA for the second year, after our long-awaited return in 2016,” said Seth Evenson, Director of Customer Experience Management for AVAD. “In the past 13 months, AVAD has celebrated new ownership, a new personality and a new purpose, driven by focusing on providing the very best solutions to dealers. We’ve added many new vendor and product offerings, including Samsung’s The Frame TV, Jamo, LG, Hikvision, Integra, Onkyo and more. With many of the new changes at AVAD, we invite those attending the show to visit our booth and experience the new AVAD, enter to win a prize, participate in a vendor Q&A and enjoy a beverage.”
Visit AVAD in booth 4612 at CEDIA in San Diego, California from September 6 – 9, 2017. For more information about AVAD, please visit http://www.avad.com in the U.S. or http://www.avadcanada.ca in Canada. Connect with AVAD on Facebook, Twitter and YouTube for news on the latest promotions and news.
About AVAD LLC
With locations throughout North America, AVAD is one of the most recognized brands in the fast-growing system integration market and offers a comprehensive line of premium solutions for video, audio, networking, HVAC, lighting control, security, home automation, digital signage, system design and other products needed by professional installers. Further differentiating its services, AVAD invests in the business tools, technical support and services that integrators need to grow their businesses, including the fully transactional AVAD Mobile smartphone application providing integrators on-the-go access to AVAD products and value-added tools.
Morgan Roush, Public Relations Manager
Tel: 954-925-1511 ext. 1


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I’ve written a lot about Australia’s wine crisis and for a long time I felt like Chicken Little. The sky is falling, I’d say, but Australia seemed somehow to muddle through.
There is a strong sense now, however that Australia’s crisis has arrived. (I was going to write something about Australia’s Chicken Littles coming home to roost, but it was too awful even for me.)
Sales of Australian wine are down here in the U.S., dragging down sales of Syrah/Shiraz from all places with it. It’s worse in Great Britain, Australia’s number one export market, I’m told.
Charles Gent’s article “The Writing on the Wall,” posted today on Inside Story, provides an excellent overview of the situation and is required reading for anyone interested in Australia’s wine future.
I find a number of parallels between the Australian wine crisis as explained in Gent’s article and the global financial crisis that I wrote about in my recent book Globaloney 2.0.
First, this isn’t the first wine crisis in Australia’s history. Gent writes that
Visiting an ageing Hunter Valley winery in the late 1950s, wine aficionado Max Lake was struck by a faded notice on the door, apparently dating from the Great Depression. Beneath the forbidding heading “Warning to Growers,” it read: “Owing to the dangerous position arising from Overproduction, Growers are warned against any further planting of Wine Grapes.” Beneath the text was the name of Herbert Kay, chairman of the Australian Wine Board.
Two months ago, the Wine Board’s modern equivalents slapped a similar notice on Australia’s wine producers. Issued jointly by the Winemakers’ Federation of Australia, Wine Grape Growers’ Australia, the Australian Wine and Brandy Corporation and the Grape and Wine Research and Development Corporation, the statement is more wordy than the 1930s edict, but equally blunt in its message. It states that Australia is producing twenty to forty million more cases of wine than it can sell each year, and that the current surplus stockpile, calculated at more than 100 million cases, will double in two years if current levels of production and demand persist.
A second feature is that the wine bubble (because that is what it was) had all the main features of a financial bubble including the fact that anyone who looked at it objectively would have recognized it as such. But these Chicken Littles could not compete with those with an interest in keeping the bubble growing.
The massive plantings were seen by many industry figures as a desirable and necessary corollary of the soaring offshore demand, and traditional grape growers who expressed misgivings about the rate of expansion got short shrift. As president of the Winemakers’ Federation in 1999, Brian Croser described their concerns as a “Luddite viewpoint” and called the tax scheme plantings “a great resource.”
Finally, to keep this post reasonably brief, it isn’t enough to just pull out a few vines and go back to business as usual. More fundamental reform is needed.
To go forward, it seems the industry first has to take a step backward. In other words, says Strahan, “We have to get rid of the oversupply as quickly as possible to start bringing some margin back into the business, and to start getting a connection with the consumer that is not defined by price.”
That’s not quite back to square one, but it’s close.
Decanter.com reports that Constellation Brands has cancelled 300 grower contracts in South Australia, another sign of the rapid consolidation of the wine industry down under. Decanter reports that …
Australia’s biggest buyer of wine grapes advised growers just before the New Year that they would see their contracts end after the 2012 vintage.
The company had previously given three years’ notice to more than 200 other contracted growers in December 2008.
The decision has come at a time when growers in the region are facing plummeting wine grape prices.
In some cases growers are being offered up to 50 per cent less for their grapes than in 2008, according to figures released by Constellation and other major wineries in December.


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Cetaphil Baby by Nestle Skin Health recently announced its partnership with the upcoming Dharma Productions’ film ‘Good Newwz’ presented by Zee Studios, in association with Cape Of Good Films, starring Akshay Kumar, Kareena Kapoor Khan, Diljit Dosanjh, and Kiara Advani. The much-loved baby skincare brand in an exclusive partnership with the movie will be scheduling their social media activities on the brand’s handles like Instagram, Facebook & YouTube in collaboration with the movie.
Cetaphil Baby India partners with Bollywood movie ‘Good Newwz’
Dec 19, 2019, 07:18 am
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C. Edward Kelso: Jay-Z Expands Portfolio to Include Cryptouber soldier-field snoop-dogg shawn-carter roc-nation robinhood-crypto robinhood rap neil-sirni nas n-featured live-nation-entertainment liberty-media jetsmarter jay-z insite-applications featured devialet cryptocurrency bitcoin away arrive-venture-capital 50-cent
Nas and Snoop Dogg have backed trading application Robinhood, and now legendary rap star Jay-Z has added his imprimatur through a subsidiary, Arrive. Robinhood is already valued at over a billion dollars, closing in on 1.5 billion as of this writing, having recently announced Robinhood Crypto.
Jay-Z Goes Crypto
Shawn Carter, 48, better known as Jay-Z, owns an entertainment-centric management company, Roc Nation: talent agency, concert promotion, music production, record label, film production, and even music publishing are among its calling. The 21 Grammy-winning, 100 million records sold mogul can now add crypto to that list.
In Spring of last year, Mr. Carter announced a subsidiary, Arrive Venture Capital, under his Roc Nation banner (itself owned by Live Nation Entertainment, which in turn is owned by Liberty Media) to focus on startups. Mr. Carter’s penchant for investing in hungry companies goes back at least as far as 2012, when he reportedly went tech: luggage maker Away, private jet outfit Jetsmarter, and even a series B round with Uber.
Arrive’s head Neil Sirni explained, “Arrive was created to leverage our experience and resources in building brands, developing consumer-facing businesses, managing artists and representing athletes. We’ve opened that diversified, global range of expertise to a new vertical: entrepreneurs and their early stage businesses.”
Robinhood late last month announced it was expanding its services to include free trades in bitcoin and ether, and it set off a firestorm of publicity. Though the company doesn’t plan to become a cryptocurrency exchange proper, analysts believe such a format could one day seriously challenge more well-established platforms. Within a week, over one million people signed up for the service.
Not His First Rodeo
Mr. Sirni continued, “We believe in Baiju and Vlad’s mission to make the financial markets more accessible and cost efficient for customers of all size. Robinhood will have our support as they execute the long-term vision of their company.”
Robinhood already has over three million users. Its total value is inching near one and a half billion dollars. Its model is a loss leader, with stock trades being essentially free. It also launched a web-based service, and its Robinhood Crypto, though limited in scope initially, is already considered a success.
Arrive has invested in the location sharing project Insite Applications, and Devialet, an audio technology company. Robinhood is Arrive’s third venture, and comes immediately after the startup’s bitcoin and either announcement.
Though rappers such as 50 Cent have notoriously invested in bitcoin as well, Jay-Z was the first. His Soldier Field stadium concert partnered with local newspaper Chicago Sun Times to sell tickets in bitcoin through a third party vendor.
What are your thoughts on Jay’s move? Let us know in the comments section below.
Images courtesy of Pixabay, Roc Nation.
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Original article was created by: C. Edward Kelso at news.bitcoin.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
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The U.S. Postal Service expects robust online shopping to boost package shipping 20% over last year, Postmaster General Patrick Donahoe said Thursday.
Thanksgiving and New Year's Eve is the Postal Service's busiest time of year. Mail carriers will deliver nearly 18 billion cards, letters and packages during that time, Donahoe said. The Postal Service projects it will process 658 million pieces of mail on Dec. 17 alone, 130 million more than it processes on an average day.
Beginning Dec. 4, the National Operations Center will have staff working 24 hours a day to navigate mail movement around the world, including 30 million pounds of military mail destined for people serving overseas.
As e-mail has replaced letter-writing, mail volume has decreased sharply, driving the Postal Service into debt. First-Class Mail volume dropped from 103.7 billion letters in 2001 to 78.2 billion letters in 2010. The increase in package volume will not close the gap, Donahoe said. "You really can't make the difference up in packages," he said.
The Postal Service will continue with its five-year plan to consolidate mail-processing facilities and cut hours at some post offices, Donahoe said. The Postal Service has also asked Congress to allow it to deliver the mail five days a week instead of six and to refund overpayments to its pension plans.
The Postal Service has printed. 2.5 billion holiday stamps, and Donahoe urged people to mail greeting cards this year.
"Greeting cards mean so much to people," he said. "Technology is no match for the mail."
Donahoe also commended letter carriers who continued to deliver mail even as Superstorm Sandy struck. Seeing a letter carrier in a neighborhood is a sign "that life is going back to normal," he said.
The Postal Service also announced its holiday "mail by" dates to ensure mail and parcels arrive by Christmas:
- Nov. 14: Parcels to APO/FPO military addresses
- Dec. 3.: International Priority mail
- Dec. 10: Military Priority mail
- Dec. 11: International Express mail
- Dec. 14: Parcel Post
- Dec. 17: Global Express Guaranteed
- Dec. 20: First-Class Mail
- Dec. 21: Priority Mail
- Dec. 22: Express Mail


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We made the news once again this month and we our proud to be included in Gambling Insider’s May/June issue on Bright Young Things.
Our CEO talks about innovation, winning Pitch ICE 2016, and our next steps. Here’s a peak of the story:
“Why did you decide to enter Pitch ICE? What does winning a competition like Pitch ICE mean to PlayVenture?
Pitch ICE was a first-class opportunity for us to show Live Plus to the gaming world, and especially to show a value proposition. We had already held a focus group analysing the game, and approximately 80% of people said they loved the fact that they were playing against each other and not the operator. But we were very much interested in the opinion of the gaming experts as well, so though Pitch ICE we managed to get a very important feedback on Live Plus. We believe that the gaming industry needs more skill and interactive games and we wanted to show that too, with the participation of Live Plus at Pitch ICE. Winning Pitch ICE confirms what we already knew: that Live Plus is a very good and highly innovative product with great potential. Now we feel the obligation to meet the expectations of those who voted for us, and to convince the people that didn’t that we have an amazing product.”
You can login and read the full article here


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The release of Windows XP to original equipment manufacturing may spark a renaissance in the user who bridges the gap between consumer and commercial customers, according to Microsoft Canada.
The software giant unveiled the operating system update to PC companies Aug. 24, little more than two months before it will be commercially launched on Oct. 25. Dell, HP, Compaq and other major OEMs have already committed to delivering systems based on XP before the end of this year.
Manufacturers were given two flavours of XP to play with — a Home Edition containing a number of entertainment new media-oriented features, and a professional edition that introduces more security and manageability options.
But according to Erik Moll, Windows XP product marketing manager with Microsoft Canada in Mississauga, Ont., there could be considerable overlap in the company’s customer base.
The Professional Edition is targeted at the business user as well as the power user at home, while the Home Edition is really aimed at the consumer user. “There are distinct advantages as to why you would want to use Home vs. Pro, but from a business perspective it’s definitely the Pro model,” he said. “Out of the gate, our anticipation is that we’re probably going to see a lot of consumer activity, because the business typically goes through an evaluation process to check in terms of capability and deployment. But we do anticipate some good numbers from a small to medium-sized business perspective.”
Highlights in the XP Home Edition include increased capabilities to create and edit digital videos as well as storing and playing back music. This dovetails with the recent launch of Intel’s 2 GHz Pentium 4, with Intel Canada country manager Doug Cooper said was designed specifically with these kind of applications in mind.
“Digital imaging is one app that could lead to those upgrades,” he said. “You’ll see that a 2 GHz system will allow people to do a lot more with effects and so forth that wasn’t possible before without, say, an Avid workstation, which would have been really expensive.”
Cooper admitted that Intel and Microsoft will need to play a strong role in helping customers recognize the power of these sorts of applications. “Now it’s part of this big education process, but when you’re talking to them at demo days, I’ve seen the light bulbs go off,” he said. “People have hours of camcorder footage that they don’t know what to do with.”
Moll agreed. “I think utilizing the latest generation of processors like the 2 GHz P4 from Intel will definitely go hand-in-hand with some of the new capabilities in Windows XP,” he said. “Especially when you go into the digital video and media requirements.”
The main advantages between the two editions surrounds networking capabilities. The Pro Edition can belong to a domain, for example, while Home users will have to log on every time they are connecting to something. While both versions also include Remote Assistant, the Remote Desktop feature is only available on Pro.
This is a Windows Terminal Server technology ported down to the desktop that allows remote users to connect back to their office systems and run applications, the image and audio sent back to the machine. “There’s no data left going back and forth over the Internet; it’s all resident on your computer in the office,” Moll said. “The only thing you’re sending back is the actual display. So performance, security, all of those aspects are enhanced using this capability.”
While the so-called “prosumer” market has yet to fully take shape, Moll said the concept of a “power home user” may be already here. “I’m not just looking at the guy using high-end graphics,” he said. “If you’ve got sensitive data, if you’ve got home accounting — and a lot of people do that now anyways — or if you’ve got some personal information that you don’t to give access to anyone else, then to me, going with the Pro Edition is the only way to do it.”
Advanced features like multiprocessing will only be available on the Pro Edition, Moll added.


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One of the most anticipated products that Apple has yet to announce is its rumored AR glasses. This is not the mixed reality (AR/VR) headset that Apple will reportedly announce as soon as this year and release next year. No, we are talking about the product that looks like a pair of traditional glasses and projects data and information onto the lenses.
If this sounds similar to Google Glass, well it is. While only those inside Apple know exactly what is being planned out in Cupertino, the goal could be to take the iPhone out of your hand and put the screen in front of your eyes. Previous rumors called for the device to run on Apple’s new rOS (reality operating system) which is expected to drive the mixed reality headset that we should see made official later in 2022.
Apple Glass may not arrive until 2025
In 2018, a huge leak revealed that the glasses would be powered by a 5nm chip. The A15 bionic chipsets used on the iPhone 13 line are manufactured using TSMC’s 5nm process node so one of the earliest rumors is now technologically possible.
Apple has been accumulating patents over the years and expects to use the LiDAR scanner to keep AR images projected accurately. Early prototypes of the device were supposedly produced without cameras. You might recall that this was one of the major criticisms of Google Glass and concerns about users of the latter quietly taking photos of unsuspecting bystanders gave Glass wearers a new nickname: “Glassholes.”
Another major question is whether Apple Glass wearers will be forced to carry an iPhone around with them-at least during the product’s initial release-to help with the processing chores. Originally, the Apple Watch offloaded certain tasks to the iPhone and we believe that will be the case with Apple Glass, at least for the first few years.
According to reliable TF International analyst Ming-Chi Kuo, Apple Glass isn’t expected until 2025. In a note to clients he wrote nearly a year ago, Kuo said, “We predict that Apple’s MR/AR product roadmap includes three phases: helmet type by 2022, glasses type by 2025, and contact lens type by 2030–2040. We foresee that the helmet product will provide AR and VR experiences, while glasses and contact lens types of products are more likely to focus on AR applications.”
Did an Apple executive show off the capabilities of Apple Glass?
But the real noteworthy part of the video is the Apple logo that appears to be floating above the stage like a flashing neon sign. And with Apple calling its upcoming event “Peek Performance” instead of the correct “Peak Performance,” the company is giving us a clue that the event on March 8th might include a quick look at Apple Glass.
Apple could also show off some features belonging to its mixed reality headset along with its AR glasses just to whet the appetites of Apple fans who have been hearing about these products for a long time. To make things clear, VR, or virtual reality, takes the user to a made-up 3D environment where he can interact with that environment. Augmented Reality (AR) places a layer of computerized data or information on top of real-world images.
The floating Apple logo on top of a real stage is a good example of AR.
We are really looking forward to next Tuesday’s event and hope that Apple is indeed planning on giving the world a “peek” at its AR/VR mixed reality and AR devices.


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Fradreck Gorwe and Kumbirai Tarusarira
Local and foreign shop-owners operating in down-town Harare have been directed to regularise their operations and embrace fair business practices within three months while building owners have been implored not to demand rentals in foreign currency.
Government outlawed the use of foreign currency when transacting, insisting in the use of the Zimbabwean dollars (RTGS dollars notes and coins and mobile money).
There have been allegations that some of the traders have been demanding cash payments and neglecting other legal forms of payment.
Confederation of Zimbabwe Retailers (CZR) and down-town shop owners had a meeting yesterday where various issues were discussed that entail employee welfare, pricing issues and regularisation of operations.
Briefing the media after the closed meeting, CZR president Denford Mutashu, touched on a number of issues including regularisation of business operations, which the retailers body pledged to assist with.
“Some of the issues that we discussed include the issue of proper conduct, the proper way of conducting a business; the need for players to make sure that they regularise and comply with the laws of the country.
“We also came out with quite a number of challenges that they are facing, which we have taken aboard with a view to try and assist them because immediately we will come up with a programme to help quite a number of them to regularise their activities and ensure that they also operate within the confines of the law.
“The issue of banking, compliance with tax regulations of the country, the issue of shop licencing and quite a number of other issues come in. Of course, what we believe in is from now on we will be working together with all the players there and ensure that we help them to regularise their operations so that the government can also benefit from taxation.
“The welfare of the employees is also of particular concern to us and we will be taking care of that. The issue of banking and the issue of acceptance of mobile money and swiping is also a critical matter that have been discussed,” said Mr Mutashu.
Demand for cash payments by some down-town traders had been said to be compelled by rigid landlords who are still demanding rentals in hard currency.
“Sometimes the demand for cash by the players in that particular area has been exacerbated by the landlord that has not been very flexible, who ordinarily has been demanding payment of rentals in United States dollars even though the country has migrated from the multi-currency regime to the mono-currency system,” he said.
Pricing problems were also blamed on improper distribution patterns by wayward producers and suppliers of goods who often resort to the use of middlemen.
“We are also going to be exploring quite a number of issues that have been raised especially that indicates that there is a miscued distribution pattern that has been created and the creation of middlemen is something that we do not condone in the economy.
“What we are basically requesting to manufacturers and suppliers is for them to supply their goods and services directly to the wholesalers and retailers other than going through a middle man who would then go on and demand for cash payment only from the traders,” he said.
Mr Mutashu expressed great concern with foreign traders in the down-town area whom, however, he also urged to respect the operating regulations of the country, bearing in mind that the sector is a reserved one.
“We accept and certainly continue to invite foreigners to do businesses in the country and ensure that they also follow the laws of the country in their operations. If they wantonly break the law that is when we will have problems.
“So basically what we have indicated is that the retail sector is a reserved sector, it is ordinarily reserved for Zimbabweans, but what we then say is that for those that have got the opportunity to get into the sector to open shops, we will look at how we can help them regularise,” he said.
As part of the resolutions of the closed meeting, down-town shop-owners and CZR agreed on a three-month timeline to regularise operations.
“It is actually very positive that from the meeting we are all in agreement that the issues have got to be addressed and we will actually come up with a timeline, provisionally the three months that have been agreed of a period that the issues will have been handled. The regularisation process has got to start now,” said Mr Mutashu.


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Thought LeadersNathan Pieri
Adopting global trade management (GTM) technology helps standardize business processes and facilitate communication, says Nathan Pieri of Amber Road.
Thought LeadersChris Jones
Supply chain executives must think differently about their logistics processes, and implement multi-party technology that gives them and their logistics partners greater control of the supply chain, says Chris Jones of Descartes.
Thought LeadersMartin Hubert
Reviewing your current transportation spend management processes and identifying opportunities is an excellent way to start logistics cloud computing, as these initiatives pay for themselves very quickly, says Martin Hubert, Freightgate.
Thought LeadersChris Johnson
Global logistics technology enables companies to successfully manage all modes of transportation under a common umbrella while providing complete visibility, says Chris Johnson, LeanLogistics.
Thought LeadersScott Fenwick
Having better supply chain visibility improves a business’s ability to sense and react to change faster and more efficiently, says Scott Fenwick of Manhattan Associates.
Thought LeadersSteven Shoemaker
Using actionable data provided by key performance indicators (KPIs), businesses can automate shipping decisions and identify areas for improvement, writes Steven Shoemaker of Ratelinx.
Thought LeadersJeff Boudreau
Using lean components as a foundation for labor management is a powerful way to increase productivity and reduce costs in a warehouse or distribution center, according to Ryder Supply Chain Solutions’ Jeff Boudreau.
Thought LeadersErik Kaas
A well-implemented enterprise resource planning (ERP) solution can help manufactures remain agile in the ever-changing, volatile economy, with its decreased spending, increased competition, and changing regulations, says Erik Kaas of Sage.
Thought LeadersMike Kositzky
Transportation network modeling isn’t necessary for operations, but it’s an invaluable tool for strategic supply chain decision-making and risk mitigation, writes TMW Systems' Mike Kositzky.
Thought LeadersBryn Heimbeck
Collaborative trade communities enable supply chains to react more quickly to strategy changes that are needed to keep the corporation competitive as it reacts market shifts, says Bryn Heimbeck, Trade Tech Inc.
Thought LeadersLes Hamashima
Strategic and practical use of the right supply chain technologies enables sharp pricing competitiveness, creates better customer experiences, reduces expenses, and raises productivity, says Les Hamashima, Transite Technology.


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Entries in 'xbox 360' (432)
The wait for Square Enix’s new Thief title will not be as long as expected.
The recently leaked Capcom Essentials bundle has been confirmed – but it won’t be being released in the UK.
Blizzard has teamed up with GAME to stage Diablo III lock-in events across the UK in celebration of the game's console debut.
PlayStation 3 was the No.1 console of the summer in the UK with some help from 2013’s second best selling game.
Microsoft has introduced the Season Pass Guarantee program, allowing players to receive Xbox 360 DLC on Xbox One.
Mojang's hit sandbox game Minecraft has sold over 8m units, console developer 4J Studios has announced.
Microsoft is doing away with the Family Pack subscription for Xbox Live Gold, and plans to convert any family accounts to individual ones from the end of the month.
The next Xbox 360 system update will dump Xbox Live’s MS Points system for local currency, Microsoft has announced.
EA’s second-screen experience for battlefield 4 won’t be available to players on Xbox 360 or PS3.
A second cricket game is on the way to consoles and PC later this year.
The Xbox 360 version of World of Tanks will be a free-to-play experience the console industry has never seen before, says developer Wargaming.
Microsoft has named the two games that will feature this month in Xbox 360’s Games With Gold offer.
Upcoming racer F1 2013 will not require users to input online passes, MCV can reveal.
It’s always hard to judge what sort of graphical step change a new generation of consoles will deliver.
Self-publishing games on Xbox 360 –and subsequently XBLA – will soon be a reality, at least according to one developer who claims to have heard the info directly from Microsoft.
EA has announced that those who buy into the current-gen FIFA 14 launch in September will not lose their Ultimate Team progress if they go next-gen.
Another Teenage Mutant Ninja Turtles game has been announced by partners Activision and Nickelodeon.
Forget Xbox One and PS4, as EA pledges to keep investing in current generation FIFA.
Capcom Vancouver moved Dead Rising 3 from Xbox 360 to Xbox One, after it was determined the game had pushed Microsoft’s current hardware to the limit.
Microsoft has said that pre-orders for the Xbox One are “trending ahead” of those enjoyed by the Xbox 360 at the same stage in its pre-release cycle.
Rovio has confirmed Angry Birds Star Wars will debut on consoles this November.
He built arcade classic Marble Madness. He produced Sonic 2. He brought Crash and Spyro to market. Oh, and his PS4 design reignited passions for Sony. MCV meets Mark Cerny ...
State of Decay, the open-world zombie-fest will launch on PC later this year.
Monaco: What's Yours is Mine developer Andy Schatz has expressed his disappointment in the Xbox Live Arcade sales performance of his title.


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- World indoor champion Boris Berian drew a line under his legal problems to cruise into the semi-finals of the 800 meters at the US Track & Field Olympic trials on Friday. Berian, who blasted to victory at the indoor world championships in Portland earlier this year, was racing for the first time since sports goods giant Nike dropped a threatened lawsuit against him. The 23-year-old California-based middle distance runner was all smiles on Friday after coasting to victory in his heat at Hayward Field in Eugene, Oregon, in a time of 1 minute 46.03 seconds. "It's nice to get that weight off my shoulders. I didn't realize how much it was bothering me until it was settled," Berian told reporters.


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Rusty Garrett here with the weekend outlook:
While warming steadily day-by-day this weekend, highs in the upper 80s & lower 90s remain BELOW the average of 98!
WACO (January 31, 2014) Global health care company Allergan Friday announced a $10.6 million expansion of its ophthalmic pharmaceuticals manufacturing facility in Waco, which will include new technology and increased production capacity to support a new product line.
The expansion will mean 20 to 30 new jobs at the plant, which now employs about 640, the company said.
Ground has been broken for the 22,000-square-foot expansion project, which should be completed within a year.
Operations started in 1989 at the Waco facility, which initially focused on lens-care products, but since then the product line has been expanded to include skin care products, over-the-counter eye drops and prescription eye care products.


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Have you seen Mary J Blige in the new Burger King commercial yet? Well, it’s all everyone’s been talking about, and not in a good way. Everyone seems to hate the new commercial promoting the fast food chain’s new crispy chicken wrap. The backlash is surmount, so much so, that Burger King has already started taken videos down of the highly ridiculed commercial and jingle. Check it out below.
Honestly, other than further reinforcing that all black people love themselves some chicken and Mary probably shouldn’t be doing Burger King commercials, I didn’t think it was so bad at all. It could have been worst.
What are some of your thoughts?


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Two bodies making efforts to revive desi, organic cotton
| Sunday | 17th November, 2019
Will display their products at Kudrati Kisaan Haat todayTribune News ServiceJalandhar, November 16To revive desi as well as organic cotton, two organisations will display their products at the Kudrati Kisaan Haat set up at Eklavya School here.
Tula and Trinjan are working to revive the desi cotton seed conservation, hand spinning and weaving and natural dying techniques.
The twin outlets will feature cotton kurtis, shirts, trousers, durrees, towels and a host of other materials made out of desi cotton fabric, all of which is handspun, hand-woven and dyed with traditional organic colours.
Anantu, who started organic farmers’ market in Chennai, became an inspiration for Trinjan.
Several farmers are also taking to organic cotton cultivation with the initiative serving as a major fillip to the organic market.
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Latest Jalandhar headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.


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BY LEKAN SOTE
Godwin Emefiele, the Governor of the Central Bank of Nigeria, is stewing in a bind that he created. Out of N3.2 trillion of the old currency in circulation, he withdrew N2 trillion, and pumped in a mere N300 billion in return. Now, there is about N1.5 trillion mix of old and new notes for Nigerians to spend, less than half of the money previously in circulation.
Unfortunately, the road into the cul-de-sac that he took fellow Nigerians into cannot be remedied easily. There is speculation that the government is not able to pay the printers to print more of the new N200, N500 and N1000 notes needed to replace the old notes that may have been incinerated after they were withdrawn from circulation.
The government’s poverty is caused by the theft of more than 70 per cent of crude oil production, 90 per cent of government revenue being used to service debt acquired to finance Big Government and the fictitious fuel subsidy. Emefiele has plunged himself and Nigerians into what can be described as, “Iwaju o see lo. Ehin o see pada si” situation.
That is the Yoruba way of saying that you are stuck in the middle, with no chance of advancing or retreating. When he realised that he didn’t quite thoroughly think the policy through, he braved it out with another wrong policy, rationing the amount of cash Nigerians could withdraw from the banking halls or through the ATM devices.
“TODAY, NIGERIANS BUY NEW NOTES; THEY TRANSFER, SAY N12,000, TO THE BANK ACCOUNT OF POS OPERATORS, FOR N10,000 NEW NOTES THAT HAVE BECOME THE NEW HARD CURRENCY THAT YOU RECEIVE IN EXCHANGE FOR DIGITAL TRANSFERS, THEREBY FORMING A SUB-ECONOMY THAT EXCLUDES MOST NIGERIANS”
Unfortunately, the net effect of what Emefiele has done is a (un)witting contraction of the Nigerian economy. The idle cash sitting in the bank vaults confirms the old economic argument that savings is not exactly equal to investment.
President Muhammadu Buhari partially obeyed Supreme Court rulings for old notes to circulate pari passu with new notes. He allowed continued use of old N200 notes but insisted on the withdrawal of the N500 and N1000 notes.
Today, Nigerians buy new notes; they transfer, say N12,000, to the bank account of POS operators, for N10,000 new notes that have become the new hard currency that you receive in exchange for digital transfers, thereby forming a sub-economy that excludes most Nigerians. CBN’s faux pas pretty much translated into a Cash Reserve Requirement or Commercial Bank Reserve, where money is restricted within, or allowed to go out of, the banking system, in a bid to limit or expand the lending ability of banks.
CRR is the tool used by a central bank to set a minimum amount that commercial banks must hold on to in liquid or cash assets. This may include physical cash held in the vaults of the banks and the banks’ balances in the central bank.
An abrupt change in the access of the banking public to cash, like the wrong-headed currency swap, wrought by Emefiele, and approved by his inattentive boss, President Buhari, amounts to limiting cash available to the public. By restricting physical money from entering into the financial system, CBN has unwittingly contracted the Nigerian economy. Another word for this is recession, which a 94-year old friend and former CEO of a blue chip company predicts will be apparent in the next six months.
Economic contraction, a free fall of the business cycle, occurs when the production cycle of an economy is interrupted to the extent that fewer goods are produced and exchanged for monetary or other considerations. When fewer goods are produced, it goes without saying that fewer resources –land, labour, capital and enterprise– are utilised.
In addition to the reduction in the Gross Domestic Product of the economy, scarcity of goods also leads to inflation, which is extremely inconvenient to the poor masses. It is probably the most basic principle of economics that when goods are scarce, the prices of the goods rise. The reverse, that prices drop whenever there is a significant increase in the availability of goods, is also true.
Somebody has suggested that the reduction in the capacity of Nigeria’s manufacturing sectors has not only led to scarcity and shortage of consumer goods, it has also led to a reduction of foreign exchange.
Though this appears to be a long shot, a stretch of somebody’s imagination, therein may lay some element of truth. At least, agricultural produce and industrial manufactures that Nigerians export to other countries to earn foreign exchange must have dropped significantly after the introduction of the Emefiele policy.
It’s like when the Covid-19 pandemic hit the world big time in 2020. Most enterprises were shut down and the world economy absorbed huge losses, a situation akin to the Great Depression, a devastating nightmare that the American economy experienced between 1929 and 1930.
Many Americans lost their livelihoods, many banks collapsed and many people killed themselves when they saw no hope on the horizon for themselves and their businesses. America had to redefine itself and its economy in very drastic proportions. A depressed economy typically reduces the level of employment, lowers, or sometimes does not even pay wages. And, worst of all, it reduces the production of critical consumer goods that make a huge difference between life and death.
According to a recent report of the Purchasing Managers’ Index, fuel scarcity and cash shortage have led to low industrial productivity and loss of jobs. The Manufacturers Association of Nigeria corroborates this reality with the revelation that scarcity of cash has significantly disrupted the flow of goods along the value chain.
That is the affliction that Emefiele and his principal have inflicted on Nigerians. The effect of which has been so terrible on the masses that two Federal Ministers, holders of the strategic Ministries of Finance, Budget and National Planning and Labour and Employment, washed their hands off what turned out to be a fiendish policy.
Both of them deftly dodged responsibility for the CBN’s policy, claiming that because it wasn’t discussed in the Federal Cabinet, the principle of collective responsibility didn’t apply: Members of the Cabinet could not be held responsible for a decision that they were not privy to taking.
Even the President-elect, Bola Ahmed Tinubu, had argued that because his person was different from the All Progressives Congress he could not be held responsible for the gaffe of the APC President, Head of the government that introduced the foul policy. Tinubu assumed the role of the victim by claiming that the policy was introduced by some evil people in the corridors of power, who did not wish him and his present quest well. Interestingly, many believed his cooked-up conspiracy theory.
But luckily, on Friday, March 3, 2023, the Supreme Court reversed the President’s decision and insisted that the old N200, N500 and N1000 notes shall remain legal tender till December 31, 2023.
The Supreme Court described the currency redesign as an affront to the 1999 Constitution. The Supreme Court added that the demonetization policy wrought by the Federal Government and the CBN is inconsistent with the CBN Act, and is therefore illegal and that the President failed to carry the National Council of State along when he varied the Supreme Court ruling.
Nigerians can only hope that the President and his CBN Governor will obey Supreme Court rulings this time around. And if it does, the National Orientation Agency should be geared up to convince skeptical Market Mammies to accept the old notes once again.


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David Guerrero, chairman of the Jury of Red Apple 2014, welcomes the participants of the festival.
The head of the Filipino advertising agency BBDO David Guerrero became the chairman of the jury of Red Apple 2014; he is also known for being the creative director of the «It's More Fun In The Philippines» campaign. Additionally Guerrero is the holder of 11 Cannes Lions and the creator of last year's symbolic work for Pantene which got almost 50 million views on YouTube and became a public manifesto of women in managerial positions.
The showreel and the interview with David Guerrero can be found on the festival's website.
87 Cannes Lions on 12 Red Apple 2014 Jury members.
The Red Apple organizing commitee continues forming the Jury of this year's festival by inviting only the leaders of the creativity world. At the moment there are already 12 members of Jury 2014, who have 87 Cannes Lions in total, and as Red Apple organizers say the search for the best jury is not yeat finished!
Additionally it is significant to state that the first part of online voting will be held by the same jury as the shortlist works, i.e. by the previously mentioned 12 extraordinary people of the advertising world. By the time they are in Moscow the shortlist will already be formed.
This modification as well as being another vital filter can also help to avoid complaints about unfair voting and make the festival's winning even more valuable.
As a reminder for people willing to take part in the competition, the deadline for submitting the works is August, 1; also an addtitional fee of 20% will have to be paid starting from July, 26.
Traditionally, a discount of 10% is offered to the members of industrial organizations including RAMS, RACA and IAB, and a 25% discount for submitting a series of works. Mentioned discounts are fixed and are available for the festival's participants until the submission deadline.
Have any questions? Ask us: email@example.com


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More than 80,000 people have signed a petition against the so-called "gay cure" app, which Apple deemed to have "no objectionable content".
Exodus International, the pro-Christian group behind the app, promotes the "ex-gay" movement, encouraging people to change their sexuality. The app gives users "freedom from homosexuality through the power of Jesus", according to the group.
Apple had not returned a request for comment at the time of publication.
Ben Summerskill, chief executive of gay rights group Stonewall, said: "At Stonewall, we've all been on this app since 8am and we can assure your readers it's having absolutely no effect.
"Apple might consider thinking about their customer base and the penchant many lesbian and gay people have for ethical consumerism when endorsing an offensive app like this."
The technology giant is notoriously strict in deciding which apps it allows on to its popular iPhone and iPad handsets. Last year Apple withdrew a similar anti-gay iPhone app called Manhattan Declaration after Change.org, the online activism site, handed over an 8,000-strong petition."


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Inter to launch DTH operator in Venezuela
Iñaki Ferreras | 24-07-2012
Pay-TV operator Inter, the first company of its kind in Venezuela, is to launch a DTH platform in the country.
According to Eduardo Stigol, president of Inter, the service will launch before the end of July 2012 in the form of the HD TuVes platform which will compete with DirecTV and expects to grow nationally.
“We are in the process of launching, we have high expectations for this service, because Venezuela has yet to have 60% of households without access to cable networks, that is more than 4 million households. The current DTHs penetration does not exceed 25%, so there is an untapped market of 3 million households,” Stigol said.
Regarding the evolution of digital networks, Stigol remarked: “It's going slowly but well. For now only 4,000 are full digital homes; we are in a learning period. There are areas where we have given decoders to 200 households and from there, generating 400 new customers who bought their STBs.”
“Before launching fully we must learn to identify areas where this scheme will be successful to prevent piracy and generate new customers. Every home we are using two decoders and that has a cost of about $ 100. If the growth from existing customers is only 10%, that has a cost of $ 1000 for each new customer. Where subscriber node triples, is only $ 50 per new customer.”


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Geoff Gannon's latest post is on net-nets, the importance of return on equity, and potential catalysts for net-nets.
A net-net is a stock selling for less than the value of its current assets – cash, receivables, inventory, and prepaid expenses — minus all liabilities. Basically, it’s a stock selling for less than its liquidation value.
In Ben Graham's day (during the depression) he could by net-nets that were selling for less than 2/3rds of their net current assets.
Warren Buffet once found a stock with $20 of cash that was selling for $3.


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Dollar Tree – Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Post Quarterly Sales of $6.44 Billion
Brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR) to post $6.44 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Dollar Tree’s earnings. The highest sales estimate is $6.46 billion and the lowest is $6.42 billion. Dollar Tree reported sales of $6.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next earnings results on Thursday, August 26th.
On average, analysts expect that Dollar Tree will report full year sales of $26.38 billion for the current year, with estimates ranging from $26.08 billion to $26.54 billion. For the next year, analysts expect that the firm will report sales of $27.54 billion, with estimates ranging from $27.23 billion to $27.92 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, May 26th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.20. Dollar Tree had a return on equity of 20.64% and a net margin of 5.71%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company earned $1.04 earnings per share. Dollar Tree’s quarterly revenue was up 3.0% compared to the same quarter last year.
DLTR has been the topic of a number of research reports. Piper Sandler downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $117.00 to $102.00 in a report on Thursday, June 24th. Citigroup decreased their target price on shares of Dollar Tree from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 28th. BMO Capital Markets cut their price target on shares of Dollar Tree from $115.00 to $108.00 and set a “market perform” rating on the stock in a report on Friday, May 28th. decreased their price objective on shares of Dollar Tree from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 28th. Finally, TheStreet downgraded shares of Dollar Tree from a “b” rating to a “c+” rating in a research report on Wednesday, June 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.40.
DLTR opened at $98.95 on Tuesday. The stock has a market cap of $22.95 billion, a P/E ratio of 15.91, a PEG ratio of 1.61 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.36 and a quick ratio of 0.44. Dollar Tree has a fifty-two week low of $84.41 and a fifty-two week high of $120.37. The business’s 50-day moving average price is $103.62.
In related news, insider Richard L. Mcneely sold 7,635 shares of the stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $101.16, for a total value of $772,356.60. Following the completion of the sale, the insider now owns 497 shares in the company, valued at $50,276.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory M. Bridgeford bought 5,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The shares were purchased at an average cost of $99.02 per share, for a total transaction of $505,002.00. Following the completion of the transaction, the director now owns 899 shares of the company’s stock, valued at $89,018.98. The disclosure for this purchase can be found here. Insiders have sold 37,153 shares of company stock worth $4,156,620 in the last ninety days. 1.20% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in DLTR. Capital International Investors acquired a new position in shares of Dollar Tree in the 1st quarter valued at $301,779,000. Norges Bank bought a new position in Dollar Tree during the fourth quarter worth about $252,364,000. BlackRock Inc. boosted its holdings in Dollar Tree by 12.0% during the first quarter. BlackRock Inc. now owns 21,458,443 shares of the company’s stock valued at $2,456,133,000 after purchasing an additional 2,293,197 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Dollar Tree by 25,748.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,190,109 shares of the company’s stock valued at $236,619,000 after purchasing an additional 2,181,636 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Dollar Tree by 53,992.3% in the 1st quarter. Bessemer Group Inc. now owns 818,957 shares of the company’s stock worth $93,739,000 after buying an additional 817,443 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine’s Day merchandise.
See Also: Insider Trading – What You Need to Know
Get a free copy of the Zacks research report on Dollar Tree (DLTR)
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Featured Article: How to Use the New Google Finance Tool
7 Stocks to Watch When Student Debt Forgiveness Gets Passed
Now that the Biden administration is fully in charge, student debt forgiveness has moved to the front burner. Consider these numbers. There is an estimated $1.7 trillion in student debt. The average student carries approximately $30,000 in student loans.
If $10,000 of student debt were to be canceled, there are estimates that one-third of borrowers (between 15 million to 16.3 million) would become debt-free. Of course, if the number hits $50,000 as some lawmakers are suggesting the impact would even greater.
Putting aside personal thoughts on the wisdom of pursuing this path, it has the potential to unleash a substantial stimulus into the economy.
And as an investor, it’s fair to ask where that money would go. After all, there’s no harm in having investors profit from this stimulus as well.
A counter-argument is that the absence of one monthly payment may not provide enough money to make an impact. However, Senator Elizabeth Warren referred to the effect student loans have in preventing many in the millennial and Gen-Z generations from pursuing big picture life goals such as buying a house, starting a business, or starting a family.
With that in mind, we’ve put together this special presentation that looks at 7 stocks that are likely to benefit if borrowers are set free from the burden of student loans.
View the “7 Stocks to Watch When Student Debt Forgiveness Gets Passed”.


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Renault, FCA May Revive Merger But PSA Could Score A Late Winner Forbes
- Renault-Nissan?s Long Road to a Better Alliance The Wall Street Journal
- Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ Reuters
- Renault Discusses Cutting Nissan Stake to Revive Fiat Deal: WSJ Bloomberg
- Fiat Chrysler says door still open to Renault merger Financial Times
- Nissan wants Renault to reduce stake to revive Renault-FCA deal talks Nasdaq
- View full coverage on Google News
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The new Renault Captur has become bigger and has a more sophisticated interior to appeal to a broader group of buyers in a bid to keep hold of the top spot in ...
Verstappen: Renault must have a really bad car! GPfans
Max Verstappen joked that Renault's 2019 car must be below-par amid reports that the French manufacturer's engine has hit the magical mark of 1000 bhp.
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Cadge a lift in a new Kadjar and you'll surprise yourself ? Renault's reworked family car deserves to be enjoyed by more than just families. Martin Love. Sun 11 ...
Why Renault?s $1billion gamble is failing right now Motorsport.com
Renault is currently behind its Formula 1 customer team McLaren, in a season that it started with such high hopes.
Renault e-Plein Air takes a vintage 4L and stuffs it with EV guts CNET
The concept gets its motive force from the Renault Twizy two-seater.
Groupe Renault: First-half 2019 Earnings Report Availability Paris Stock Exchange:RNO GlobeNewswire
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Daniel Ricciardo: Renault are good enough to get better Sky Sports
Daniel Ricciardo believes Renault should have more confidence in themselves and their car, as the team bid to turn around their season after the summer break.
Renault opens bookings for Triber: Features, specifications and seat layouts Livemint
Ahead of its August 28 launch in India, French auto major Renault today opened booking for its upcoming compact multi-purpose vehicle (MPV) Triber. Bookings ...
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Club retailers could be in for a good time over the next three years, according to a new study.
SymphonyIRI Group on Friday named Piyush Chaudhari president of the Americas. Chaudhari will report directly to Andrew Appel, SymphonyIRI’s president and CEO.
The board of directors of Walgreens declared a regular quarterly dividend of 27.5 cents per share, a 22.2% increase over the year ago dividend.
Consumers showed a greater willingness to spend in October as the housing market began to recover and energy prices receded, according to a new report by Deloitte.
Kraft Foods on Wednesday named a former Bain & Co. executive to the position of EVP strategy, effective Jan. 29.


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Imposter does catwalk in trashbag at New York Fashion Week and no one notices until security intervene
| Last updated
Featured Image Credit: Instagram/@daquan
New York Fashion Week is now well underway, but one outfit in particular has caught everyone's attention, though maybe not for the right reasons.
The catwalk - hosted by social media agency Creators Inc. - was open and models were strutting their stuff up and down it. Then one person entered the runway in New York, wearing a shower cap, swimming shorts, and a plastic cape type thing over their topless body.
It looked either like a trash bag or one of those plastic ponchos you can sometimes see handed out at festivals when it rains. Either way, it certainly made a statement.
The person was greeted as any other model on the catwalk with plenty of cheers and applause.
But all was not as it seemed.
As the 'model' neared the end of the runway, a security officer can be seen chasing him down. Then, at the end of the catwalk the security guard grabs hold of him and drags him from the runway, leaving the audience nonplussed.
It seems that the 'model' was in fact not showing off a fashion statement, but was actually an intruder.
After the video was shared on social media, many took to the comments to share their thoughts, with one person quipping: "That is not garbage but garbagé."
Another said: "I swear these runway outfits get trashier each year."
A third revealed they had briefly been taken in by the intruder, writing: "I literally thought new fashion."
Since the video was posted, some people have suggested that the intruder was a YouTube prankster by the name of Fred Beyer.
Beyer posts a variety of prank videos on his YouTube channel, which has 300,000 subscribers in a similar vein to this stunt. He shared a screenshot from the video to his Instagram Story but has not yet confirmed if it was him.
Nonetheless, it is unclear how the intruder managed to make his way into the fashion show.
This is not the first time that someone has created a conversation after imitating a piece of art or design.
In 2016 teenagers Kevin Nguyen and TJ Khayatan took the art world by storm when they put a pair of spectacles on the floor of an art gallery, only for visitors to think that it was one of the exhibits.
It would be easy to descend into a diatribe about the ridiculousness and banality of modern art and fashion from these examples.
While there's no denying they are funny, there is also something more reflective to be found here.
In a society which idolises a protestant work ethic, hard work is a virtue in and of itself whether or not it is 'useful', we might want to feel as though a piece of design or art has had a lot of hours put into it. It's the work or process behind the piece which makes it 'good', not the art or fashion piece itself, or the statement it makes.
When someone enters a fashion show wearing a literal trash bag or puts some glasses on the floor, it challenges this view.
In an ironic twist, the pranksters who enter the worlds of art and fashion to take the mickey often end up becoming part of the dialogue they are ridiculing.


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For those who suspicion that marble racing, cherry array spitting and a Stupid Robot Fighting League represented a destiny of sports, we bewail to surprise we that they’ve now any had their particular moments to gleam and unsuccessful miserably.
The conflict of COVID-19 has reshaped a lives now and forever, though there’s only no indicate in anticipating that an android with a opening cleaner framework for a physique and cosmetic skateboard rug for a fist can ever captivate in a ways that Lionel Messi or Cristiano Ronaldo could.
Still, in a deficiency of a world’s many renouned pastimes, it’s not startling to see that people have mostly tuned out Stephen A. Smith screaming about possibly LeBron James’ bequest can ever review with Egyptian pharaoh Tutankhamun in preference of perplexing to bond with friends and family.
You competence be repelled to learn this, though in a sum deficiency of sports, seductiveness in sports has dwindled. It’s like how nobody talks about a Tasmanian Tiger anymore, and that’s a damn shame.
What sticks out immediately — maybe unsurprisingly — is that mobile use is possibly low or down opposite a house while mechanism web trade is spiking. Of march most of this has to do with a fact that people are no longer “on a go” and instead during home with their computers tighten during hand.
However, we could also disagree that there’s simply not adequate time in a day for us to boost a Facebook, Twitter and Instagram app usage. We were already giving an pornographic volume of time to amicable media apps, and a coronavirus hasn’t drastically altered that in any way. In some ways this is terrifying in and of itself.
But, according to a new New York Times article, Facebook mechanism web trade is adult 27%, Netflix is adult 16% and YouTube is adult 15.3% (between Jan. 15 and Mar. 24). There’s also been a large boost in a use of practical conferencing platforms like Zoom, Nextdoor and Houseparty.
This is in line with new reports from Comcast (30% spike in rise web traffic) and Verizon (a 20% spike in altogether web traffic). What’s more, these companies are reporting a change in rise times (from 9 in a dusk to 7 o’clock), and an boost in rise hours, that would routinely final 4 hours on a weekday dusk though now final as prolonged as 10 hours any day.
So what’s everybody doing?
Gaming downloads are adult 50% (up to 80% for new releases), while there’s been a 30% boost in streaming and web video consumption. Grocery retailers have experienced an 84.5% spike over a final week, and food smoothness websites like Blue Apron and Sun Basket have also gifted large spikes in usage.
In the final week alone, Doordash.com had 10.6 million visitors, adult 7.95%, while Dominos had 7.6 million, adult 2.14%. YouTube had 7.8B visitors final week and Netflix had 732.4M.
There’s also been spikes for Webmd.com (“Do we have coronavirus?” searches) and Pornhub. The masturbation hire saw a rise increase of 24.4% on Mar 25 with womanlike trade adult 29.9% and masculine trade adult 25.9%. The over 35 age organisation peaked by 28.8% while a 18 to 34 demographic was adult 24.4%. Strangely, there were also some-more than 15 million searches containing “corona” or “Covid.”
IMDb is also experiencing a spike as people hasten to figure out if they should dedicate their evident futures to Love, Wedding, Repeat.
What’s everybody not doing?
Jewelry retailers are suffering — a 20.3% drop in online trade — while airline transport websites are also removing strike (United.com is down 21.2%, Delta.com is down 19.4%). The same goes for accommodation sites (Hotels.com is down 15% and airbnb.com is down 14.8%). There’s also been some pointy declines for promotion (18%), construction (19%), production (16%) and genuine estate (14%) on a whole.


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Automobile industry to get intervention fund, consumer finance scheme
Minister of Industry, Trade and Investment, Adeniyi Adebayo, has said the National Automotive Design and Development Council (NADDC) was putting in place a consumer finance scheme that would allow the public easily access funds to purchase new locally assembled vehicles.
This, Adebayo said, would give Nigerians the opportunity to have greater access to vehicle acquisition funding. He disclosed this at a virtual meeting organised by PAN Nigeria Management while discussing various issues concerning Nigeria’s Automotive Industry.
Topmost on the agenda was the topical issue regarding the status of the National Automotive Industry Development Plan (NAIDP) Bill, intervention funding for the automotive industry, and stimulating market demand for locally assembled vehicles.
As a way of support, the Minister promised to look into the need for an intervention fund for the automobile industry.
Adebayo further reiterated his vision for the industry to have automobile manufacturers swiftly move to completely knocked down vehicles (CKD) production level by creating disincentives for semi-knocked down (SKD) production.
He added that there would be greater compliance among federal ministries, departments, and agencies (MDAs) to patronise made-in-Nigeria vehicles.
The Minister commended PAN Nigeria for initiating the meeting and its tenacity in following up on the NAIDP Bill, assuring the management of the auto manufacturer that the government was doing all it could to get the NAIDP Bill passed.
Present at the webinar were the Managing Director, Ibrahim Tanko Mohammed, Executive Director, Sales and Marketing, Shehu Sani, and General Manager, Strategy, Bawo Omagbitse.
Mohammed agreed that the initiative would serve as a catalyst for the development of the automotive industry, which is currently under-performing.
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