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The company said foreign production was needed to make its models more affordable overseas. Its plan for a plant would require a Chinese partner.
NYS Entity Status
NYS Filing Date
FEBRUARY 28, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2014 - AMERGY ELECTRICAL INC
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A study published in the journal Science Immunology suggests that a high-fat, low-carbohydrate diet like the Keto regimen may help combat the flu virus.
Researchers had previously found that immune system activators called inflammasomes can cause harmful immune system responses in their host. They also had shown that the ketogenic diet blocked formation of inflammasomes. In this study, the researchers set out to test whether diet could affect immune system response to pathogens such as the flu virus.
They showed that mice fed a ketogenic diet and infected with the influenza virus had a higher survival rate than mice on a high-carb normal diet. Specifically, the researchers found that the ketogenic diet triggered the release of gamma delta T cells, immune system cells that produce mucus in the cell linings of the lung—while the high-carbohydrate diet did not. The mucus helps trap the flu virus, the researchers reported.
When mice were bred without the gene that codes for gamma delta T cells, the ketogenic diet provided no protection against the influenza virus.
“This study shows that the way the body burns fat to produce ketone bodies from the food we eat can fuel the immune system to fight flu infection,” said co-senior author Visha Deep Dixit, the Waldemar Von Zedtwitz professor of Comparative Medicine and of Immunobiology at Yale University, in a press release.
Silver Spring Foods, a subsidiary of Huntsinger Farms, a grower and processor of horseradish, has made several business moves in the last three months to position the company for the future.
Nestlé Health Science has agreed to acquire a majority stake in Vital Proteins, a U.S. collagen brand and a lifestyle and wellness platform offering supplements, beverages, and food products.
Brynwood Partners has announced that its newly formed portfolio company, Buitoni Food Co., has entered into a definitive agreement to acquire the North American Buitoni business from Nestlé USA.
Utz Quality Foods, a U.S. manufacturer of branded salty snacks, and Collier Creek Holdings, a special purpose acquisition company, have entered into a definitive agreement to combine and form Utz Brands, a pure-play snack food platform in the United States.
The Barry Callebaut Group, a manufacturer of chocolate and cocoa products, has signed an agreement to acquire GKC Foods (Australia), a producer of chocolate, coatings, and fillings, serving many consumer chocolate brands in Australia and New Zealand.
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The life insurance industry stands out in its ability to get close to its customers. But it’s the insurance advisor who has the ability to make or break that customer experience.
That’s according to Sarah Schmidt, who is conducting a workshop on “Your Competition Is Not Who You Think It Is” today at the LIMRA Distribution Conference for Financial Services. Schmidt is director, product management, assessment and development solutions at LIMRA.
Schmidt’s presentation focuses on how the industry and advisors can adapt to consumer demands for a more personalized experience.
Although more consumers purchase products and services online than ever before, Schmidt said, those online channels are not really competition for the individual advisor. Instead, it the sales experience itself that can make the difference between the consumer who wants to buy life insurance and the consumer who actually makes the purchase.
“Our research has shown that despite advances in technology, people still really want that face-to-face interaction. But the way the world is working now, consumer expectation is so much higher and we really have to up our game to meet consumer expectation,” she said.
“We run the risk that if we don’t meet those expectations, then we will have a mass of consumers who are not insured and not protected.”
So what are those consumer expectations?
Today’s consumer, Schmidt said, expects their experience will be personalized to their unique needs. Consumers want to form a partnership with advisors instead of being subjected to what she called “a blanket product push.”
Advisors will need an understanding of what different segments of the consumer population want.
For example, she said, LIMRA research shows that one in four members of Generation Y don’t trust anyone with money matters. So advisors who want to serve Gen Yers will need to know that prospects in that age group will come to the table with trust issues.
The life insurance industry’s ability to have those face-to-face conversations with its customers is one of its strengths, Schmidt said.
“Other industries don’t get close to their consumers in the way we do,” she said. “We know the hopes and fears and troubles that are out there in a really intimate way. But it’s going to be up to our representatives to make or break that customer experience going forward.”
Susan Rupe is managing editor for InsuranceNewsNet. She formerly served as communications director for an insurance agents' association and was an award-winning newspaper reporter and editor. Contact her at Susan.Rupe@innfeedback.com.
© Entire contents copyright 2017 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.


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Progress Software is one of a growing number of organisations in the industry that strongly believes the application service provider (ASP) model deserves a thumbs up, and is the right way to progress for business applications. Not a bad move, especially when analysts have predicted this market to be worth $US19.5 billion in 2003.
The ASP concept is such a huge force that it is driving many of Progress's initiatives in product development, according to the company's president, Joseph Alsop. Progress provides organisations with products and services to build Internet-enabled enterprise business applications that automate internal, business-to-business and business-to-consumer sales, service, and operational processes.
But adopting an ASP business model could dilute a company's revenue stream. "If you are an independent software vendor (ISV), and you start renting, it diffuses your revenue and your stock takes a nose dive," said Steve Mills, general manager of software solutions at IBM. "I don't think a lot of software vendors understand this model. It has a long way to go."Progress disagrees"We don't look at [ASP] as a dilution of revenues but an additional channel that will get you into markets you couldn't get to before," said Dave Ireland, vice president and general manager for worldwide field operations at Progress.
Organisations that take the ASP path can glide their way into the realm of startups and small and medium enterprises, businesses that lack the resources to purchase expensive enterprise-class applications, and acquire IT expertise, Ireland explained.
But the ASP mould will not replace the traditional purchasing model, Ireland stressed, noting that research firm International Data Corp predicted that by 2003 the latter will still dominate 75 per cent of the business applications market. Rather, it can be a "mix-and-match" where businesses will decide whether "to build, buy, or subscribe", he said.
Where and how to mix both "subscribe" and "buy" models will depend on a variety of issues such as the nature of the applications, the capacity and skill level of the organisation and the type of users involved, he explained.
"Providing an application subscription offering, in addition to purchase, is a must to ensure revenue growth," said William Trail, Progress's director of ASP business unit.
But while the ASP path appears appealling, it could put a strain on the host providers that have to build and manage a data centre and cope with higher customer demand, delivering services that are highly secured, highly reliable, and available 24 x 7.
"I agree that the requirements of ASPs are important and of high priority, but I don't think that's going to be upsetting to ASPs," Ireland said. "They are expecting that, and know that it's going to be part of the game. The ASPs I've run into are aware of this, and have been pushing 24 x 7 status, top security, and high availability."But while ASPs remain unruffled by the high requirements, the additional option for buyers to rent rather than buy will be "upsetting" for the application vendors, he said. And although these application suppliers can also go on the ASP road, Ireland recommends that they focus on simply providing the software.
"The application vendor is most well-equipped to sell," he said, and should partner ASPs, or create a separate business unit to focus on providing hosting services. You need a separate team of people because it's a separate issue," he added.


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Some travelers have begun to use drones, or tiny personal airships, to send cameras into the air to film photos and videos of themselves as they tour a destination, hike a trail, or pose as a group in front of a landmark.
It is already commonplace for drones to be mounted with cameras. But positioning the drone and remotely operating its camera can prove to be distracting challenges.
A new personal drone called Lily aims to simplify the process by piloting itself, with the help of a tracking device attached to a traveler’s wrist. It is supposed to remain within a close distance of usually 30 feet and never more than 100 feet at all times.
The drone uses sensors to keep its camera lens focused on its owner as he or she moves. An image from the camera is streamed to the user’s smartphone so that he or she can adjust the image as needed. After serving as a traveler’s mid-air paparazzo for up to 20 minutes, the drone then flies back to its owner, boomerang-style.
The high-resolution video and the 12-megabyte still images can be uploaded to a user’s computer or social media account. The device needs about two hours to recharge. If the device accidentally flies out of range, it is supposed to hover and eventually land on its own. Lily isn’t shipping until February 2016, but the company is taking orders internationally in advance, with a recent price of $499.


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With a pair of improbable billion-dollar acquisitions, conglomerates have snapped up both of the cheap shaving startups that have shaken up the men's grooming business, Erica writes.
Giants like Amazon, Unilever and Walmart, though they are not necessarily stifling innovation, are swiftly buying out plucky companies that start to threaten them.
When it comes to shaving, the global industry goes back to the cave days, and is now worth more than $20 billion a year. But there are just 5 major global razor manufacturers, including the startups, says David Pakman, a venture capitalist at Venrock Partners and an early Dollar Shave investor.
Before the new companies came along, Schick and Gillette controlled about 90% of the U.S. market. Each charged around $20 for a three-week supply of popular brands like Mach III and Quattro, amounting to about a dollar a shave. And each had steadfast loyalty from its customers.
Men overpaid but what was the alternative if your aim was a naked face?
Now they've been gobbled up.
Just this week, Edgewell, the parent company of Schick, spent $1.37 billion on Harry's, which was launched in 2013 by two men not named Harry (Jeff Raider and Andy Katz-Mayfield).
The upside of these acquisitions for industry titans is obvious.
Inside Amazon's Baltimore warehouse. Photo: Erica Pandey/Axios
While Amazon provides UPS, FedEx and USPS with huge business, it is silently collecting mountains of data on the logistics industry through the movement of its own packages.
Erica writes: Amazon already has its own fleet of trucks and planes for some deliveries. With its data stash, it could soon get smart enough to eat the big shippers' lunch.
How it works: Amazon does not decide how a package will be shipped until it gets to the final station within a warehouse (photo above).
After making billions of decisions about how to ship packages to get them delivered as fast as possible, Amazon has insights any of the big shipping players would want. And it is using them to make its own shipping services sharper.
Photo: Marcos del Mazo/LightRocket/Getty
Were you away? No worries. Here is the top of Future for the week:
1. Long Island City's Amazon effect: A post-HQ2 boom
2. The AI weapons race: 7 countries may veer out of control
3. The future of the burger: Another tradition is under threat
4. Predicting the next power disaster: Utility companies are buying up AI
It's time to break up Facebook (Chris Hughes - NYT)
The most common jobs by age and pay (Stef Kight - Axios)
Water's most common form in the universe (Joshua Sokol - Quanta)
How to prevent far-right populism (Paul Hockenos - Foreign Policy)
Magic: The Gathering is the world's most complex game (MIT Tech Review)
Dalí in Barcelona. Photo: Jack Mitchell/Getty
Thirty years after his death, Salvador Dalí wants to take a photo with you.
Kaveh writes: In a Florida museum dedicated to the surrealist’s life, a new installation reanimates him in an interactive AI-altered video, or deepfake, The Verge’s Dami Lee reports.
Go deeper: Deepfakes for good (Axios)


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Finally, the QE launch in the Euro zone appears to be paying off. The gradual easing in deflation, improving business morale, rising retail sales suggesting growing consumer confidence as well as flying stock markets are pointing to this fact. Europe Hedged Equity Fund (HEDJ) has added over 20% so far this year (as of April 6, 2015) bolstered by the dual dose of ultra-easy monetary policies and currency hedging technique.
Needless to say, the initiation of the QE program and negative interest rates in the Euro zone devalued the European currencies massively to the greenback. This was truer as the Fed is considering policy tightening sometime this year. This has in turn bolstered investors’ interest in currency-hedged investments across the pond.
However, this does not mean that un-hedged European versions are reeling under pressure. In fact, regular European ETFs held up strongly this year. The largest European ETF Vanguard FTSE Europe ETF (VGK) is up 6.4% in the YTD frame compared to the just 1.1% gain in SPDR S&P 500 ETF (SPY).
And why wouldn’t it be? After all, German business morale grew for the five straight months to touch an eight-month high in March. French business morale reached a three-year high last month while that in Italy was at a four-year high indicating strengthening firms’ sentiments on the top three countries of the Euro zone.
Confidence was more solid among consumers as the index recently hit a 13-year peak for Germany, a five-year high for France and a seven-year high for Italy. Undoubtedly, the bourses of these countries and the related ETFs have held their own this year. But there are some other ETFs which deserve mention apart from the top-tier trio as the former country ETFs displayed strong trend lately.
So for investors seeking cheap foreign plays that are doing extraordinarily, a closer look at any of the following three ETFs could be an intriguing idea. These funds managed to stay profitable although these are not currency-hedged versions.


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Mobile applications market to hit $17.5bn by 2012
The market for mobile device software programs is forecast to rocket to $17.5 billion within three years, according to an independent study commissioned by GetJar, the world's second largest mobile applications store.
Downloads of mobile apps to handsets will leap from slightly more than seven billion in 2009 to nearly 50 billion in 2012, the report said.
"It is easy to see how mobile apps will eclipse the traditional desktop Internet," GetJar chief executive Ilja Laurs said.
"It makes perfect sense that mobile devices will kill the desktop."
Apple Inc. runs the world's top app store online at iTunes and its iconic chief executive Steve Jobs pronounced the culture-changing company a "mobile devices company" in January.
Mobile applications have been around since the late 1990s, but began to "blossom in earnest" after Apple launched its App Store for iPhone and iPod Touch devices in mid-2008, according to the report summary.
The annual market for mobile applications is $6 billion and Internet firms are racing to offer services that tap into geo-location, camera, touch-screen and other features of mobile phones.
Seventeen percent of GetJar users already spend more time on Internet-linked mobile phones than they do on desktop computers, according to Laurs.
iPhone owners are the most advanced users of mobile applications, spending more time and money on software for their smartphones than they do on music, he added.
The Apple App Store is reported to have more than 150,000 iPhone applications on its virtual shelves and recently passed the three-billion-download milestone.
Internet titan Google Inc. has weighed into the smartphone arena with an Android mobile software used on an array of devices, including its own touch-screen Nexus One handsets.
Google runs a rapidly growing Android Marketplace that already boasts more than 30,000 mini-programs made for smartphones running on that mobile operating system.
About 310,000 software developers have accounts to submit programs to GetJar, which boasts a collection of more than 65,000 mini-apps crafted for thousands of different types of handsets.
"From highly interactive games that only used to run on consoles to simple news or weather look-up apps, there is practically an app for every scenario from bar exams to simulated libation consumption," the report noted.
The average cost for mobile applications is expected to drop to $1.50 in two years, from $2 in 2009, the study by Chetan Sharma Consulting indicated.
"This report signifies a battle for survival of the fittest among app stores worldwide," Laurs said.
GetJar has become a hot spot for free mini-applications for just about any kind of smartphone.
More that 842 million downloads of applications had been logged at m.getjar.com as of Tuesday, according to the firm's Web site.
GetJar has been in the mobile applications shop business slightly more than two years.
GetJar is venture-backed and has offices in the U.K., Lithuania, and Northern California.
Источник: Total Telecom
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We all have seen articles over the past year asserting that the spectacular growth in e-commerce during the COVID-19 pandemic, coupled with previously forecasted organic growth, is driving a boom in industrial real estate, including warehouse and distribution center construction. The industrial real estate services firm CBRE has added some hard numbers to those projections.
E-commerce is expected to grow to represent a total of 26% of all retail sales by 2025 in the United States, creating the need for an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe, CBRE believes.
That anticipated e-commerce-generated demand for distribution space represents 27% of the projected overall demand for industrial real estate in the U.S. through 2025, CBRE Econometric Advisors calculates. The broader category of industrial real estate includes warehouses for traditional retail distribution, manufacturing, R&D space and data centers.
CBRE calculates the incremental demand based on its estimate that every additional $1 billion of e-commerce sales requires 1 million sq. ft. of new distribution space. According to CBRE’s forecast—which is based on Euromonitor data for 2020—U.S. e-commerce sales are expected to increase $330 billion from 2020 to 2025.
The market research firm Statista is more optimistic in its forecasts, stating that while revenue from e-commerce amounted to $431.6 billion in 2020, its models estimate that by 2025, revenue will increase to $563.4 billion.
The U.S. Census Bureau has reported that U.S. retail e-commerce sales for the first quarter of 2021 totaled $215 billion on a seasonally adjusted basis, an increase of 7.7% from the fourth quarter of 2020. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the first quarter totaled $196.7 billion, a decrease of 16.7% from the fourth quarter of 2020.
According to different observers, e-commerce sales grew 39-44% last year. Others foresee a further decline from this year’s first quarter as more brick-and-mortar retail establishments reopen from the post-pandemic lockdowns and restricted operations, and people seek ways of entertaining themselves by leaving their homes.
Globally, e-commerce sales are forecast by CBRE to rise by $1.5 trillion during the 2020-2025 time period, requiring an additional 1.5 billion sq. ft. of warehouse/distribution space to accommodate this growth. The U.S. and Mainland China are the biggest e-commerce markets, accounting for 57% of global Internet sales.
“Distribution and supply chain networks will continue to be under pressure to meet demand at a time when industrial vacancy is at record low levels,” observes John Morris, executive managing director and leader of CBRE’s Americas Industrial & Logistics and Retail businesses. “As a result, a significant amount of new construction will be needed in the next few years just to keep pace with robust demand.”
According to the CBRE report, South Korea is forecast to have the world’s highest e-commerce penetration in 2025 at 43%. The U.S. will be one of the top 10 markets globally for e-commerce penetration in 2025. To forecast growth, CBRE says it looks at such drivers as each country’s percentage of urban population, debit and credit card use, the population’s digital skills and digital technology infrastructure.
“While there is a sizable construction pipeline in the U.S., much of that new space already is leased to meet the demand of the past few years,” explains James Breeze, senior director and global head of industrial & logistics research for CBRE.
“Moving forward, the challenge in many U.S. and global markets will be to produce enough new facilities to meet this rapidly expanding market,” he adds. “It’s important to bear in mind that e-commerce is only a portion of the overall demand for distribution facilities. Traditional retailers, third-party logistics companies and others will also be demand catalysts. If developers can’t build facilities fast enough, we could see rental rates push well beyond their current record highs.”


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RealNetworks president Larry Jacobson has resigned with immediate effect, the company said yesterday when the firm announced a loss of $10.4 million in Q1 2004.
After working for the Seattle-based digital media company for three years, Jacobson served his notice "to pursue other opportunities and spend more time with his family," RealNetworks said in a statement. Jacobson will continue to work temporarily for the company as a strategic adviser, and RealNetworks has no plans to fill the position of president at this time, it said.
RealNetworks has promoted Dan Sheeran from senior vice president of marketing to senior vice president international to run the company's international efforts.
RealNetworks' $10.4 million net loss for the quarter ended March 31 was almost double its net loss of $5.3 million in the fourth quarter of 2003. On a year-on-year basis, in the first quarter of 2003 the company posted a net loss of $2.8 million.
The company said the lion's share of its losses in the first quarter was due to expenses related to the removal of PGA Tour content from its subscription services (a loss of $4.9 million) and the costs of RealNetworks' antitrust litigation ($2.3 million). Excluding those expenses, the net loss was $3.2 million it said.
RealNetworks lodged a private suit against Microsoft last year, accusing the software giant of using its monopoly powers to control the digital media market.
On a brighter note, revenue for the quarter was $60.4 million, up 29 per cent from the first quarter of 2003 and an increase of 12 per cent from the fourth quarter of 2003, the company said.
RealNetworks credited the growth in revenue to robust consumer services, particularly in music and games. The company said it currently has over 450,000 subscribers to its digital music services.
Additionally, the company's first quarter results include approximately $2 million of revenue associated with the acquisition of GameHouse in January, it said.
RealNetworks expects its momentum to continue and forecast a return to quarterly profitability by the end of 2004, excluding antitrust litigation expenses.


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Starbucks’ Super Limited Time Christmas Tree Frappuccino Is Here!
Starbucks is one of the biggest fans of the holiday season. Every year, the coffee giant treats its loyal customers with holiday-themed drinks, cups, and merch. Alongside the traditional peppermint- and cinnamon-infused beverages this year, we also got some fresh faces, and Starbucks just released the most festive frapp.
Meet the Christmas Tree Frappuccino! While it may seem odd to want a cold drink when the temps are dropping, once you see it you’ll understand.
The drink is made out of a Peppermint Mocha Crème Frappuccino that’s topped with a tree made out of matcha whipped cream. It’s decorated with a caramel drizzle garland and candied cranberry ornaments. The cherry on top is the tree topper, which is actually a strawberry.
But run, don’t walk! The Christmas Tree Frapp has a super limited run starting from today December 7, through Monday, December 11 at participating US and Canada locations. If you just have to try it, pair it with a warm pastry or at least a pair of gloves to keep your fingers nice and toasty!
Will you order the Christmas Tree Frappuccino? Tell us what you think @BritandCo!
(Photos via Joshua Trujillo/Starbucks, Starbucks)


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The Real Junk Food Project has opened a supermarket that will stock food waste at Grangefield Industrial Estate in Pudsey, Leeds.
Claimed to be the first of its kind in the country, this warehouse will carry excess food donated from supermarkets and local businesses such as cafes, restaurants and event caterers.
The Real Junk Food Project founder Adam Smith was quoted by BBC as saying that it will operate on a pay-as-one-feels basis, implying that people can either pay through financial donations or invest their time or skills.
Smith also added that the concept of opening a food waste supermarket was drawn up around three years ago when a cafe providing meals made from waste food opened in Armley.
There are currently more than 120 such cafes worldwide.
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The Real Junk Food Project stated that on an average, its warehouse receives between two and ten tonnes of food each day.
Smith said: "Usually we donate leftover food to local schools but over the summer, we ended up with all this surplus and we wondered how we would get rid of it.
"We moved it to one part of the warehouse, put a notice up on social media asking people to come and get it, and it just went mad.
"We do have people coming with the intention of paying and if it carries on like it does, it will pay for the cost of the warehouse."
The Real Junk Food Project intends to open such supermarkets several cities across the country.


text: The Swedish furniture company Ikea has recalled 169,000 crib mattresses after reports that two children became trapped, the Consumer Product Safety Commission said on Wednesday. The children were removed uninjured. Ikea urged consumers to check for a possible gap between the mattress and the frame. The company said five Vyssa crib models sold in the United States between August 2010 and May 2014 were recalled, including those branded Vackert, Vinka, Spelevink, Sloa and Slummer. The government urged anyone with these models to stop using the mattress if there was a gap larger than two fingers’ width next to the frame.


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The new store, which opens today and is one of SMF Toytown’s largest, brings the number of Toytown shops to just over 30.
SMF Toytown is opening the doors to a huge new shop in Coventry today, hot on the heels of launching a new store in Perth, Scotland four weeks ago.
The new Toytown Coventry store in the West Orchards Shopping Centre spans 8,000sq ft and takes up the first floor of a former Debenhams store.
The opening was delayed by two weeks after the sprinklers that needed to be installed failed to turn up on time, but managing director Alan Simpson says that despite the teething problems, he is very excited for the opening.
“It’s later than I would like to be open, but we are looking forward to good Christmas trade. If it’s anything like the Perth store, where we have been trading superbly, we will be over the moon,” he told Toy World.
The Toytown store is its first in Coventry and came about after SMF Toytown was approached by the shopping centre’s owner, who had seen some of its other stores and was impressed with the depth of range it offered.
The Coventry store, which brings the number of Toytown branches to just over 30, is one of Toytown’s largest and comparable in size to its stores in Glasgow and Merry Hill in the West Midlands. It includes an extensive nursery department and all major suppliers are stocked, including 12 bays of Lego plus Sylvanian Families, Playmobil, Mattel, Hasbro, Spin Master, Character Options and VTech.
“We carry all the top names and we also have a lot of bargains too,” said Alan. “We normally do well with our specials, but this year in particular they have just gone through the roof. Customers are looking for bargains and the extra value.”
He said SMF Toytown was already looking to more store openings in 2023 with plans to open four or five new stores in both the north and south of England. “We are already in discussions with landlords on some new locations,” he confirmed.


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By Sophie Yu and Tony Munroe
BEIJING (Reuters) – China is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to support the kind of discretionary spending needed to revive the economy.
Instead, a big chunk of the vouchers end up spent at supermarkets on daily necessities, with little boost seen in spending on restaurants, tourism, or bigger ticket items.
As Beijing scrambles to revive consumption and get its economy back up, analysts doubt vouchers will have much effect in restoring spending.
“Lots of coupons are spent on daily necessities,” said Zhang Qidi, visiting researcher at the Center of International Finance Studies at the Central University of Finance and Economics in Beijing. “When consumers use coupons to purchase them, they could actually save the cash they’d spend otherwise.”
China’s draconian virus containment measures earlier this year threw the economy into its first decline on record in the first quarter.
Retail sales plunged 15.8% in March year-on-year, extending the decline seen in the first two months of the year. Specifically, spending on cooking oil, food and grains rose 19.2% while auto sales dropped 18.1% and catering plunged 46.8%.
To help the retail sector, local authorities, companies and e-commerce platforms in China have been handing out shopping vouchers.
Shen Minggao, chief economist at GF Securities, said as a short term solution, vouchers may spur consumers to shop, but not necessarily splash out.
“If the value of coupons is small, don’t expect it to be a big driver of consumption,” Shen said.
Instead of creating new spending, coupons can bring forward consumption that would happen anyway. With coupons, people buy goods like cooking oil, rice and toothpaste that they would otherwise have paid cash for, undermining the stimulative intent.
In the past two months, the governments of Chongqing, Jiangsu, Guangdong and other provinces have rolled out coupons for locals to spend in restaurants and shops.
Winnie Du, a 28-year-old real estate agency employee, received five supermarket coupons worth 10 yuan ($1.41) each from Hangzhou city this month and used them on shampoo, hand cream and toothpaste.
“Many people are using vouchers when they pay,” she added.
By comparison, the United States is sending checks for $1,200 to millions of Americans, while economically battered Hong Kong plans to give each resident HK$10,000 ($1,290) in cash.
Citic Securities predicted in a report last month that 34.9 billion yuan worth of coupons would boost consumption by 62.9 billion yuan, or 1.8 times the value of the coupons.
However, the Hangzhou Commerce Bureau said the city had offered a subsidy of 257 million yuan in coupons by April 10 and believed it has increased spending in the city by 2.66 billion yuan.
Retail giant Suning, which sells electronics, clothing and also runs supermarkets, handed out 600 million yuan worth of vouchers in late March to around one million people and saw purchases of chicken breast, beef, beverages and snacks more than double in a week.
Li Daxiao, chief economist at Shenzhen-based Yingda Securities, said that China’s economic priority should now be to encourage spending on food and daily necessities, while spending on bigger ticket items like automobiles could be helped in a later stage.
“Coupons are preferable in China compared with giving out cash like in the U.S., because China’s saving ratio is high,” Li said. “People need to consume in order to use the coupons, so it’s more effective in simulating economy.”
China’s savings rate has dropped to 45% from 50% 10 years ago, but remains the highest worldwide, former central bank governor Zhou Xiaochuan said in a November speech.
Elsewhere, some Chinese cities have encouraged a two-and-a-half day weekend to boost consumption, as well as asking Communist Party officials to set an example by spending on food and shopping, and encouraging their friends and family to do the same.
(Reporting by Sophie Yu, Tony Munroe; Editing by Sam Holmes)


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A new gameplay video for the upcoming Wii exclusive platformer, The Kore Gang has been released, and it shows some pretty good gameplay footage. Have a look above.
New screenshots for the game have also been released. You can check them out here.
The game will be releasing in the US on October 4th, more than one year after its European release, where it was met with largely positive reception. Stay tuned, we will keep you updated on this.


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Cornell University is severing ties with apparel brand Nike after the company and its licensing arm refused to sign a contract ensuring worker rights, says the school.
Martha E. Pollack, Cornell’s new president, sent a letter on July 7 to tell Nike and Branded Custom Sportswear, Nike’s exclusive licensee for collegiate branded products, that “Cornell is ending its licensing relationship with them,” according to a release.
The Cornell Organization for Labor Action cheered the announcement, which COLA says came after a nearly two-year campaign to pressure the university. “Students organized actions including teach-ins, photo campaigns, call-ins, store actions, rallies, worker speak-outs, and engaged with union leaders from around the world,” the group said in a statement.
That campaign at Cornell and other major colleges followed “a strike over egregious labor abuses that broke out in October 2015 in a Nike factory in Hansae, Vietnam,” according to COLA. Students were supporting workers who were organizing in Vietnam, Cambodia, Honduras, and Mexico to demand access to the Worker Rights Consortium, “an independent labor monitoring system that inspects factories” on behalf of universities and other merchandising customers.
According to a statement from Cornell, “both companies are unwilling to sign a standard contract through IMG Collegiate Licensing, Cornell’s licensing agent, attesting that they will follow a labor code of conduct vetted by Cornell and peer institutions. Instead, the companies plan to follow their own code of conduct regarding labor practices.”
That code of conduct falls short, COLA tells us. “In December 2016, the Worker Rights Consortium released a report outlining Nike’s numerous violations in the Hansae factory in Vietnam, a manufacturing facility that produces university licensed goods for Nike and employs nearly 8,500 workers. These violations included extensive wage theft, above 90 degree conditions within the factory, spraying of toxic solvents, mass firings of pregnant women, and physical and verbal abuse of workers.”
An updated report this April says the factory “has enacted remedial measures to improve working conditions, but that the ‘overall progress has fallen short’ of what the Worker Rights Consortium and universities require. Nike has still failed to provide plans for back paying workers for off the clock work, installing cooling systems to bring the temperature in the factory building down to the legal maximum, and the purchase of proper seating for thousands of sewing operators.”
Cornell senior Christopher Hanna says the action to end the licensing relationship makes the university “the fifth research university to cut ties with the Nike brand.” Cornell is joining Rutgers, Georgetown, UC Santa Barbara, and Northeastern in dropping the brand.
This won’t affect Cornell Big Red teams, though, since Cornell Athletics has a separate deal with Nike. “Our contract with Nike runs through 2020 and the existing partnership has been a positive one for our programs and athletes,” Cornell Athletic Director Andy Noel tells us. “Cornell athletes will continue to wear Nike uniforms,” he says. “Our relationship with Nike is separate from the University’s apparel licensing agreement.”
Cornell University says the Cornell Store will sell its remaining inventory of Nike merchandise, but won’t order more. President Pollack’s letter says, “To the extent that Nike and/or BCS decide in the future to embrace the IMG standard contract language, Cornell University will be happy to re-engage with you as licensing partners.”


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Offal not just for pets in protein demand
Ever opened a tin of pet food and wondered what it would taste like? It may be time to try it out.
We may all need to start eating more offal and other meat products now used for pet food as the world faces a growing protein crunch, new research has found.
In a paper published in the journal Trends in Food Science & Technology, Kiwi and Dutch scientists warned that meat would be in high demand by 2050 as developing countries improved their standards of living.
"Traditional diets in developing countries, in which cereals and other staples were major components, have given way to food consumption patterns more similar to those found in developed countries, in which meat, eggs, fish and dairy products play a much more dominant role."
About 40 per cent of human protein needs were met by animal products, but that figure would "increase substantially" by 2050, the report says.
In order to meet the growing demand, people would need to start shifting other proteins up the food chain, and also start looking at more "novel" ways of getting protein - including increased rabbit farming, greater use of food waste, and even technologies such as synthetic meat.
One of the report's authors, Mike Boland from Massey University's Riddet Institute, said the paper laid out the big picture, and further work would now be done to "colour in" the different areas to understand the matters better.
"The main message is that demand for particularly animal-based protein is increasing and certain methods of production will not be able to keep pace with the demand . . . so we need to start looking at new ways of doing things."
Rejigging the food chain was one possible step. Offal, much of which often went straight to pet food, was an example of meat that could be redirected to humans. Other proteins could be produced using fly larvae, which could then be fed to animals.
People should also be sending food waste back into the food chain - such as feeding scraps to pigs - to stop protein being wasted, he said.
Synthetic meat was another possibility being investigated in the Netherlands, but it was a long way from being commercially viable.
Rather, Dr Boland saw New Zealand becoming a high-quality meat provider, while other countries would look to synthetic products and cheaper industrial-grade proteins.
Frankie Manclark, Wellington branch manager for Preston's Master Butchers, said Kiwi meat-eaters were already embracing offal, with oxtail more expensive than rump steak this week.
"We've had a huge uptake in the selling of offal over the last two or three years. Offal used to be a giveaway."
The Dominion Post


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Streetwise: Frugal Fashion reopens on North Main
Correction: This story has been changed to correctly identify which days of the week the store is open
OSHKOSH – Frugal Fashion and Action Dancewear are now open under the same roof in downtown Oshkosh.
After leaving 538 N. Main St. for a storefront in Winneconne, Frugal Fashion owner Wendy Wilke reopened in a shared space with Action Dancewear at 452 N. Main St. The arrangement means inventory from Kathy Sakschek's shop of dancing equipment — shoes, tights and the like — hangs next to Wilke's resale items.
RELATED: Frugal Fashion returns to Oshkosh
Wilke left Oshkosh last fall, moving her upscale consignment business to Winneconne. She'll keep that location and her space in Oshkosh, so she'll be able to draw on a network of consignment and customers from both towns.
Sakscheck said business has been brisk in the week since opening with Frugal Fashion. There's a painted sign on the front window that plugs the resale business, with a clapperboard hanging above to mark Action Dancewear. The shop has extended its hours, too, and now is open from 10 a.m. to 4 p.m. Saturdays and Mondays and from 11 a.m. to 6 p.m. Tuesdays through Fridays.
Nate Beck: 920-858-9657 or firstname.lastname@example.org; on Twitter: @NateBeck9


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Chinese smartphone maker Xiaomi has achieved its highest sales ever in India since the company reported that it has sold more than two million mobile devices in the third quarter this year, which started in July and ended in September. Apparently, this incredible increase in sales is reached because of the Xiaomi´s expansion in the offline market and new online partners, in addition to a great manufacturing capacity and a large product portfolio, which have led to a 150 percent growth in the last quarter, compared to the sales in the same period of time last year.
Xiaomi Has Become The Third Largest Smartphone Vendor In India
According to The Indian Express, Xiaom´s India head Manu Kumar Jain, posted a tweet confirming these incredible numbers, and showing that the India smartphone shipments for the first time crossed 30 million in just a quarter. Also, it was revealed that the Chinese smartphone is now in the top five vendors in India, and increased its online share to 31.6 percent thanks to a great performance by important online players primarily from vendors based in China.
Regarding the shipments increase, the Chinese smartphone maker doubled it over the previous quarter and achieved a 7.4 percent market share in India. In fact, the company had already become the third biggest smartphone vendor across the top 30 cities n the country, achieving an 8.1 percent share in it.
The Redmi Note 3 Has Been The Key For The Chinese Smartphone Maker´s Success
Another important detail of Xiaomi´s success in this emerging market is that the Redmi Note 3 is the highest-shipped mobile device for online platforms in the country in any given quarter. Giving this fact, the Chinese smartphone maker claimed that it have sold around 1.75 million units in just five months, which clearly shows how successful this product has been in India.
According to the International Business Times, Xiaomi´s CEO Lei Jun expects that his company become India´s the most important smartphone brand within the next five years. Although it seems like an ambitious goal, the numbers of the Chinese smartphone maker could make the company to increase its power in the country, and start to expand it to the world.


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Our social media ‘snacking’ and overall app engagement is on the rise.
The vote for Scottish independence is here, but the influence of social media is also up for debate.
Facebook meets with drag queens, refuses to change real-name policy. Radisson sees social media explosion after dropping Vikings. These stories, and more, in today’s Morning Social Media Newsfeed.
Despite saying they are concerned about their digital privacy, Internet users ignore basic advice.
MLG.tv is hoping to capitalize on the star power of YouTube sensation PewDiePie with the first run exclusive of his new show, BroKen.
The latest entry into the social media space is Netropolitan, a platform for “affluent and accomplished individuals” only.
If you want to curb your smartphone habit, check out this simple app.
We’ve got the answers to your crypto-currency questions, plus a new organization to help make sense of it all.
Facebook unveils its Media page, targeted to public figures, organizations and media companies. Brands struggle with measuring return on investment. These stories, and more, in today’s Morning Social Media Newsfeed.
BlackBerry announced that it will partner with Hootsuite to allow brands and marketers to manage BBM Channels through the scheduling platform.


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[caption id="attachment_75529" align="aligncenter" width="500"] 1 Maybach Exelero $8,500,000.00 – $9,500,000.00[/caption]While millions of households struggle with issues related to unemployment or underemployment or loss of health care due to the Affordable Care Act, one segment is thriving: the collectible car market. If ever there was an indication that the rich are getting richer, this one would be it. In fact, car auction sales for these vehicles is almost 100% higher now than it was before the 2008 banking crisis.
Thus far, the year 2013 will go down as the record year for sales of collector's cars. However, according to McKeel Hagerty, CEO of Hagerty Insurance, the leader in vehicular collector's item insurance, there is no asset bubble driving these price increases as there is in the stock market. Rather, it is the basic law of supply & demand that is causing prices to rise with more and more millionaires go on the hunt for high priced cars.
"Supply and demand are still driving prices," he said. "You have more millionaires being created, and a small number of these top-quality cars. It's also generational. The people who made large wealth are at a point in their lives when they want to collect these cars." Said Hagerty.
However, the term "millionaire" doesn't quite describe Hagerty Insurance's demographic. While the average American would be thrilled to have $5 million in the bank, that amount of money wouldn't come close to purchasing any of the year's top five cars sold at auction. Those cars sold in the range of $9.7 million to $29.7 million. Mr. Hagerty even believes that in the next few years we'll witness the sale of the first $100 million car.
On The Web:
How 2013 became the biggest year ever for collector cars


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Corona Extra, the Mexican beer whose astonishing success has been both a mystery and source of jealousy within the brewing industry, is suddenly battling a mysterious problem of its own: persistent false rumors that it is contaminated. To be specific, with urine.
As a result, its major U.S. importer is about to undertake an extraordinary and high-risk strategy of answering the rumor in the news media.
"There's a risk involved and we know that," said Michael J. Mazzoni, executive vice president and general manager of Barton Beers in Chicago. "But we've reached the point where everybody's going to know about it anyway, so why not tell the true story?"
Barton, which imports Corona into 25 Western states from Mexico City, traced the tale to a competing wholesaler in the Reno, Nev., area in May. In an out-of-court settlement earlier this month, Luce & Son Inc., which carries Heineken and other beers -- but not Corona -- was obliged to declare publicly that Corona was "free of any contamination."
But that wasn't the end of it. Just as Procter & Gamble once faced rumors that its corporate symbol was linked to devil worship, the false story about Corona has taken on a life of its own. It has spread into Southern California, parts of Northern California and such cities as Phoenix, Seattle, Boise, Aspen, Minneapolis and Milwaukee. It apparently has hurt sales in some places and has threatened to undermine one of the most spectacular success stories in the history of the beverage industry.
As a result, Corona has decided to go public with its dilemma, hoping to squelch the rumor by facing it head-on in the media.
Corona's problem has nothing to do with contamination -- but seemingly a great deal to do with competition in a tough industry faced with lackluster growth for much of the past several years. "I've never heard of a beer sample with urine in it," said William Siebel, executive vice president of J.E. Siebel Sons' Co. in Chicago, which tests the ingredients of Corona and other beers. "It (Corona) is a pure product with no contamination."
It also is a product that caught the entire industry off-guard after making a little-noticed entry into the United States in 1981. Packaged in a long-necked clear bottle, with a spray-painted blue-and-white label, Corona had cachet: It was favored by Southern California's surfing crowd. Style-conscious beer drinkers caught on quickly, despite virtually no advertising. By 1986, Corona had moved up to second place in beer imports, behind Heineken, selling 13.5 million cases in the United States.
"Corona is one of the most extraordinary success stories in the history of beverage marketing," Paul Gillette, publisher of Beverage Hotline, a Los Angeles-based industry newsletter said.
Overall demand for Corona is so intense that distributors have been getting limited allocations this year. Nonetheless, said Mazzoni, areas in which the rumor has circulated for longer than five weeks have reported falling sales, and some stores have experienced sharp drops of 80 percent.
The U.S importer now is gathering information for possible legal action against several other distributors besides Luce who may have played a role in circulating the story. Luce executives would not return telephone calls earlier this week.
Some of the rumors say the story started with a report on the CBS television show "60 Minutes," but a CBS spokeswoman said the show has done no reports on the subject of beer for the last four years.
Such a situation provides companies with the grim options of rumor control: They can refuse to dignify the tale with a response and take the chance that it will go away, or they can try to meet it head-on and hope the truth wins out.
The problem has been faced by fast-food companies, department stores and others in recent years, and dealt with differently.
In the case of Procter & Gamble, the giant consumer-products company tried to fight off the Satanism rumors -- which were based on its moon-and-stars corporate symbol -- with publicity and lawsuits. Ultimately, however, it decided to phase out the logo rather than endure the headache. Faced with a genuine case of sabotage to its Tylenol product, Johnson & Johnson preserved public credibility by conducting massive recalls and a candid advertising campaign.
According to some observers, conditions in beer distributing have become more conducive to dishonest whispering campaigns in light of growing competition and flat sales. "At the distributor level it's a common tactic. Things are so competitive in terms of distribution," said Tom Pirko, president of Bevmark Inc., which consults in the beverage industry. "People try to find whatever advantage they can."


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Data-driven marketing is still a new tactic for some marketers, but research shows that those who utilize it find it extremely helpful for reaching their primary goals.
Adestra recently teamed up with Ascend2 to conduct the “2018 Data-Driven Marketing Benchmarks for Success” report to determine how marketers are integrating data-driven solutions into their overall strategies.
According to the report, the majority of respondents (93 percent) find data-driven marketing to be at least “somewhat successful,” if not “very successful,” at achieving important objectives.
The researchers of the report credit these findings with the fact that customers and clients are more willing to provide data to marketers. In addition, marketers now have more tools available to take advantage of data, and newer databases are faster at data retrieval.
In terms of goals surrounding data-driven marketing, 48 percent of marketers say that it is critical for this tactic to integrate data across multiple platforms. The same percentage claim they would like to ultimately base more decisions on data analysis.
Generating Results with Data-Driven Marketing
Although marketers are now turning to data-driven marketing tactics to achieve their top objectives, recent research indicates that they are not using real-time information to generate real-time data-driven engagements.
The “Empowering the Data-Driven Customer Strategy” report from the CMO Council found that only 7 percent of marketers claim they are always able to deliver real-time, data-driven engagements across their touchpoints with customer data.
“While the customer wants to see real-time responses and reactions to their behaviors, what we are finding is that marketers are still dealing with complex processes and offline data, which is delaying their access to the intelligence they need to create the next best action with a customer,” said Liz Miller, senior vice president of marketing for the CMO Council.


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Twin Cities businessmen Tom Petters and Ted Deikel are officially Fingerhut's new owners. The two completed their acquisition of Fingerhut's assets Wednesday, more than a month after announcing a definitive agreement. The deal could save several hundred Fingerhut jobs that would have disappeared had Federated failed to find a buyer for Fingerhut.
The deal includes Fingerhut's distribution center in St. Cloud, its Minnetonka headquarters, its data center in Plymouth, a Tennessee facility, and the company's brand name, customer lists, inventory and Web site.
The Fingerhut Web site will become the linchpin in Petters' plan to integrate Fingerhut into his wholesale businesses, Red Tag and Boom Buy. Petters will now fulfill Red Tag and Boom Buy sales through Fingerhut's facilities, especially the distribution center in St. Cloud. Petters can't say yet how many jobs the new Fingerhut will employ.
"We certainly are going to be very careful, and not say things that can't happen," he says.
Petters says he wants to save "a lot of jobs," but wouldn't offer even a ballpark figure for fear of raising false hopes.
"All along the way - in the short period we've had to get the deal closed - we've not wanted to disappoint people. Nor did we want to encourage people, because we certainly plan on rebuilding the business. Just how we do that remains to be seen, because it's a different company today," says Petters.
Despite the uncertainty over employment levels, St. Cloud Mayor John Ellenbecker says it's a happy end to a frustrating several months.
"You certainly had doubts. Because it was a very difficult process - never quite understanding what Federated's motivation was. But it never occurred to me that we should look at this as the glass being half-empty," says Ellenbecker. "This should always be approached as being a situation where we want to encourage people to come in and see the value of these assets, and the value of having a motivated, trained workforce to staff them."
In another deal earlier this month, Atlanta-based Compucredit bought $1.2 billion in Fingerhut customer debt, taking on 850 Fingerhut workers. That cut Fingerhut's total workforce to more than 800.
Now, in a strange twist, all of Fingerhut's current employees will still lose their jobs. But many will be able to re-apply for their old jobs after Petters and Deikel take control of Fingerhut's assets. Petters says he wouldn't have done the deal if not for the workers.
"It's wonderful when you have entrepreneurs - and actually even past owners - having the confidence to know that there's still a niche for Fingerhut, not only in the state but nationally."
- Rebecca Yanisch, commissioner of Trade and Economic Development
"One of the primary reasons we were attracted to this deal was the people. If you were just looking at a bunch of buildings, it wouldn't have been such an attractive deal," he says.
Petters' partner Ted Deikel will now meet with Fingerhut executives to discuss the shape of the new company.
This is the third time that Ted Deikel has owned all or part of Fingerhut. Deikel led Fingerhut from 1974 to 1984, and again from 1990 to 1999. In 1999, Deikel sold Fingerhut to Federated for $1.7 billion.
Federated announced in January that it would shut down Fingerhut if it couldn't find a buyer. Now, Deikel and Tom Petters are buying it back, most likely for a fraction of that price. Terms of the deal were not disclosed.
State Commissioner of the Department of Trade and Economic Development, Rebecca Yanisch, says the deal means the state will retain an important business.
"When you look at the history of Fingerhut in Minnesota, it has been very much a long-term operation. And the announcement in January certainly struck a lot of people very hard. It's wonderful when you have entrepreneurs - and actually even past owners - having the confidence to know that there's still a niche for Fingerhut, not only in the state but nationally," says Yanisch.
Petters says he and Deikel will know better just what the business will look like, and how many people it will employ, within 30 to 60 days.More from MPR


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UK’s O2 is planning to start offering the BQ Aquaris X5 this December and it turns out this might very well be the first Cyanogen OS phone that you can buy on contract in the country, perhaps even the EU. And while the phone itself isn’t really spectacular in any way, we do hope it catches some attention as it could potentially set the tone for a future broadening of carrier device portfolios.
It is no secret that most people tent to buy on-contract devices, as it is generally cheaper, not to mention immensely more convenient for not so “tech-savvy” users. This is definitely not a bad trend in itself, but it is also no secret that most carrier are naturally going to stack up on devices that are going to sale, which currently boils down to a large quantity of entry-level, often even custom branded models and just as many trusted name-brand mid-rangers, like Samsung, Sony or Lumia. Last, but not least, a select few of the very best flagships the market has to offer.
This “safe” portfolio does limit variety and leaves out most of the really tantalizing offers, but also limits most users stuck to only a basic three-way choice of OS – iOS, Android or Windows (yes, yes, we know, there is the occasional BlackBerry too).
But what about all the platform we nerds get to enjoy, like Cyanogen? Why can’t my dad get it as well? The OS has come a long way since its expert-oriented roots and now has features like the integrated Privacy Guard and Truecaller dialer with spam protection, that hold a universal appeal. Well, hopefully the BQ Aquaris X5 is the first step to breaking the status quo.
As already mentioned, the Spanish handset is one of the select few to run on Cyanogen OS out of the box, just like the OnePlus One did before it moved on to its own Oxygen OS. As already mentioned, its specs sheet doesn’t exactly spell out power. It offers a 5.0 inch 720p display, a Qualcomm Snapdragon 412 processor, clocked at 1.4GHz, 2GB of RAM, 16GB of storage and a camera setup, featuring a 13MP rear shooter and a 5MP one on the front. Running the show is a 2900mAh battery. There is also dual SIM support and 4G connectivity.
It might not be breaking benchmarks any time soon, but the handset still offers more than enough power to breeze through everyday tasks with the added bonus of full control over said hardware, courtesy of Cyanogen. The BQ Aquaris X5 will be available on O2’s Refresh scheme, with plans starting at £19.50 a month (plus a £9.99 upfront cost) for 500 minutes and 500 megabytes of 4G data along with unlimited texts.


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Ujjain: All the markets of the city witnessed customers on Wednesday as district administration allowed to reopen all shops, scrapping earlier rule of side-wise opening of the shops.
The scrapping earlier rule of opening shops side-wise, removed confusion from the mind of customers as from now all the shops will open together.
Shopkeepers also welcomed the administration’s decision and opened shop at 9am. Shops situated in Doulatganj, Kanthal, Naisadak, Kamari Marg, Chhatrichowk, Dewasgate and Freeganj areas opened on routine time. Shopkeepers told Free Press that now city dwellers are following norms to ward off COVID-19 infection like wearing masks while shopping. However the administration did not allow restaurant, pan shops and small tea stalls in the city. Crisis management committee member and MLA Paras Jain told that talks are on with the district administration for opening of restaurant and other shops in the city.


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Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
DHS warns of online scams ahead of the Olympic Games
Wednesday - 7/18/2012, 4:44pm EDT
The Department of Homeland Security warns travelers and fans to beware. Internet users should look out for Web deals that seem too good to be true. And officials say that links to discounted tickets to the games or offers of free merchandise, exclusive videos or even alleged breaking news could infect computers with viruses or programs called malware.
Hackers can place malicious links on search result pages for certain key words. Smart phones, tablets, and other wireless devices are also vulnerable to the viruses and financial scams.
Scammers also try to trick Internet users to give out their credit card numbers and personal information.
The department recommends that Internet users update and run antivirus software regularly and avoid clicking on suspicious links. Officials also say never to give out your personal information or provide a credit card online unless you trust the site.
This story is part of Federal News Radio's daily Cybersecurity Update. For more cybersecurity news, click here.


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REDMOND, Wash. Microsoft Corp.'s next-generation operating system will be limited in its support of USB 2.0 when the initial release hits the shelves later this year. But Windows XP will find a way to support the bus standard, the software giant said this week.
Microsoft is considering a number of options for getting the USB 2.0 software on the market in tandem with the Windows XP release, said Carl Stork, general manager of Microsoft's Windows Division. "How that USB 2.0 software is shipped in the final version of XP, we don't know," he said. "It could be shipped and turned on by default if suddenly a wave of hardware hits Redmond. It could be that we ship it but turn it off by default. Or it could be that we choose to distribute it through Windows later."
"Microsoft is evaluating the best mechanism for making [USB 2.0] available to Windows XP users upon its release," said Jason Ziller, a technology-initiatives manager at Intel Corp. and president of the USB 2.0 Implementers Forum, who called recent reports that Microsoft was backing away from USB 2.0 erroneous.
As the USB 2.0 industry continues to test and ramp silicon, one of the final key ingredients on the way to full implementation is Microsoft's support. Reports claiming that Microsoft favors Apple's 1394 technology over the Universal Serial Bus, or that Windows XP will be entirely devoid of USB 2.0 support, have begun to surface but appear to be misleading. Both Microsoft and Intel have reaffirmed that USB 2.0 drivers are ready to go, and will be available when XP rolls out.
Stork said there wasn't enough USB 2.0 hardware available to test when the time came to choose the bus technologies XP would support. Without that kind of due diligence, he said, Microsoft was unwilling to revisit the confusion surrounding USB 1.0's birth.
"We need a valid cross-section of USB 2.0 hardware to test, and that means host silicon, hubs and end devices," Stork said. "USB 1.0 had a rough birthing process. We shipped our software before we had done much in the way of testing, and it turned out that the hardware didn't work the way some of our developers thought it would. We had to rev that quite a bit, and I'd say it didn't get stable until Windows 98 shipped."
Beta versions of Windows XP support USB 2.0, Stork said, but in a limited way. "In Beta 2 of XP, the software that we've developed for USB 2.0 is there," he said. "It's not turned on by default, so people who have USB 2.0 hardware can turn it on. It's documented how to do it."
Back in October 1999, when the USB 2.0 spec was released, the USB 2.0 Promoter Group predicted that 2.0 systems would be hitting the shelves in January of 2001. At that time, analysts pointed to the key ingredients the emerging bus standard would need to nail down in order to produce swift, broad industry adoption. Chief among them was Microsoft, which said at the time that software supporting USB 2.0 would be ready by the end of 2000.
Early on in the development of XP, Microsoft chose not to provide in-box support of USB 2.0, Intel's Ziller said but that doesn't mean the support isn't there. He maintained that Microsoft would release USB 2.0 software with Windows XP.
"Microsoft's OS decision-making process is engaged very early, and when the decision to support or not to support was done months ago, USB 2.0 was not as far along as it is today," Ziller said. "Microsoft has told the industry that its drivers are now code-complete and testing, and it plans to deliver them when Windows XP is released."
Recent reports that Windows XP will not support USB 2.0 are wrong, Ziller said. "On several occasions over the past few months, such as the Intel Developer Forum and the Windows Hardware Engineering Conference (WinHEC), Microsoft announced plans to deliver USB 2.0 driver support when Windows XP is released."
Indeed, said Ziller, Microsoft chairman Bill Gates reiterated the company's support for USB 2.0 in his keynote at WinHEC last month.
What form that support will take remains to be seen. How the lack of full "in-box" support for USB 2.0 will affect the market is also in question, though Stork seemed confident of a smooth rollout. "I think you'll see some systems using USB 2.0 later this year," he said. "It's a pretty clear migration path from 1.1. And, honestly, we don't think that we were the gating factor of USB 2.0."
Meanwhile, Irvine, Calif.-based IOGear recently began shipping what it claims is the industry's first USB 2.0-compliant PCI host card. The product, based on a USB 2.0 chip set from NEC Corp., comes with five ports (one internal and four external), and can transfer data up to 480 Mbits/second. The card lists for $89 and is available immediately.


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On this occasion, Bazzara Espresso not only presented with great satisfaction the 5th book, ready to be published, but, thanks to the results, it also had the confirmation that the business world is now indissolubly linked to the digital world.
“In the B2B sector there is always a great mistrust towards the digital platforms and the digital world, more in general”, says Mariaisabella Musulin, marketing manager for Bazzara, “but, as always, numbers speak for themselves, confirming that the inclination towards the digital cannot and must not be called into question.
Moreover, as we could see during this first experience completely digital, however better it is meeting people face to face, the advantages linked to the online world must not be underestimated. Furthermore, thanks to the schedule and management of the pre-fair and the fair, there always was support and satisfaction for the results”.
However disadvantageous the circumstances for the virtual organisation of Sigep 2021, the benefits have been indeed interesting: “surfing” among the stands being comfortably sat at the office desk, thus avoiding a waste of time and money; meeting buyers “one to one” and suppliers from all over the world on a single platform; last, but not least, the fact that, organised in this way, the event has been “greener”.
Mariaisabella Musulin also adds: “besides the presentation of the book, which has already given us much satisfaction and many positive feedbacks from customers, partners and friends, also our sales department obtained many contacts thanks to this edition of the fair: we got in touch with many suppliers who will certainly bring benefits to the company, and we also had many promising meetings with people from all over the world.
I know our team had interesting discussions with Russia, representing for us a very stimulating market, Morocco, Egypt, Denmark, China, and many others.
To conclude, it was not an easy task, but I must gratulate once more the Sigep team for the success of this event. We are deeply satisfied.


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Whether They’re Calling It A Fraud, Bubble Or World Changer, A Lot of Companies Are Talking About Cryptocurrency
J.P. Morgan CEO Jamie Dimon thinks bitcoin is a “fraud.” Investor Mark Cuban called it “a bubble.” Goldman Sachs CEO Lloyd Blankfein is still undecided. But whether or not executives believe in the potential of bitcoin, ethereum or blockchain technology, they and their companies can’t avoid talking about cryptocurrencies.
Mentions of “cryptocurrency” (digital currencies not tied to any country’s legal tender) and related terms including “bitcoin” and “ethereum” (the two most popular cryptocurrencies), “blockchain” (the technology underlying these currencies), and “initial coin offering” (or ICO, which lets companies raise capital through the creation of a new cryptocurrency) have skyrocketed over the last seven years, according to data from Sentieo, a financial research firm.
In total, 1,200 publicly traded companies have generated over 12,000 mentions of digital currency during the past 14 years.
With another month left to go in 2017, references to cryptocurrency in corporate communications are already double what they were in all of 2016, according to a Fortune analysis of the Sentieo data. And they’re up more than 7,000% since 2010, when admittedly only a handful of companies had talked about “digital currency” during earnings calls or presentations.
It began with ‘digital currency’ … and getting bitcoin’s name wrong
From 2009 through 2012, most of the mentions only referenced “digital currency,” which includes cryptocurrencies, along with other money recorded electronically or stored in another device. Players in the digital currency space, like PayPal and Square, had to address cryptocurrencies earlier than most.
Amusingly enough, bitcoin was actually misidentified in its first actual mention by name during Discover’s 2013 annual meeting.
“One of the questions I’ve put down, the subject is bio coin,” a shareholder began to say.
Discover CEO David Nelms course-corrected. “You mean bitcoins?”
“Yes, bitcoins. You’re a good listener,” the shareholder said. “You picked it up. ”
Fortune analyzed Sentieo data from earnings call transcripts, press releases, presentations, and SEC filings — 8Ks and 10Ks. Cryptocurrency and related terms pop up in press releases most often, followed by SEC filings and presentations. And that’s to be expected. Most companies publish press releases a lot more frequently than they submit SEC filings or hold earnings calls.
A lot of financial institutions mention it only to say it’s irrelevant, or deny its ability to disrupt their industry
Less than 20% of the S&P 500 appear among the 1,200 companies talking about cryptocurrencies, and only 65 hail from the 2017 Fortune 500 list. Information technology and finance companies, unsurprisingly, have discussed the topic more fervently than other industries.
Many times, large financial institutions have brought up cryptocurrency because they’re denying its importance or expressing disinterest in bitcoin. But some companies in the consumer-facing fintech subset have been talking about it because they’re planning to adopt parts of the new technology.
“Cryptocurrency will be almost a gimmick at first,” Benjamin Jessel, managing principal at Capco, told Fortune. “Institutional investment will come later.”
He leads a variety of digital risk, compliance and strategy projects and programs for financial services clients.
It’ll be a while before anyone can say cryptocurrencies have truly disrupted financial institutions, he said. But there’s signs it could come to pass. Companies like Square and American Express have been working on allowing consumers the option to pay with cryptocurrencies.
Overstock.com has embraced cryptocurrencies more than any of its peers
Of the 1,200 companies that Fortune analyzed, Overstock.com stood out. It has talked about cryptocurrencies and blockchain technology more than any other firm.
“We think that at some point there will be … Bitcoin will hit a tipping point and like it took time for people to adopt PCs and the Internet, at some point there is a tipping point and this could become … Bitcoin could become as ubiquitous as PCs and the Internet are now,” said Jonathan Johnson, Overstock.com executive Vice Chairman Jonathan in January 2014.
Overstock.com’s CEO Patrick Byrne was an early believer in the importance of cryptocurrencies, too. It doesn’t just show in earnings calls and SEC filings. One of Overstock’s subsidiaries, tZero, has made it possible to trade tokens using blockchain technology in a regulatory-free environment.
“Three years ago I stood up in front of an audience for the opening keynote speech at Bitcoin 2014, in Amsterdam, and told the world that the main event of Bitcoin is not Bitcoin, it is the Blockchain, and it would change the world,” Byrne said at the Money 20/20 conference last month.
But Overstock.com executives were the outliers. There’s been heated debate about whether there is a bitcoin bubble.
“We’re certainly in something that resembles a bubble,” Jessel said.
He points to the sheer amount of capital invested in a short time period — more than $2 billion in initial coin offerings (ICOs) in 2017— along with the low sophistication of investors. More and more people are buying tokens like Bitcoin and Ethereum, but very few are using them for anything other than trading.
The infrastructure for cryptocurrencies is growing very rapidly and generating lots of conversation, like what’s been captured in the Sentieo data. But the truth is very few companies are making money from using the technology.
“It’s like a whole industry building roads,” Jessel said, “and they haven’t discovered cars yet.”


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Fisker revealed some details and the first interior rendering of its upcoming PEAR (Personal Electric Automotive Revolution) vehicle.
The company is advertising the vehicle as an affordable urban sporty crossover that will cost under $30,000.
By the rendering, the dashboard has a large vertical center display and ambient lighting. As well, there look to be slim but comfortable seats.
In addition, the Fisker SolarSky panoramic roof is on display.
At the company’s Annual Meeting of Stockholders this week, Fisker revealed that:
- PEAR will come with a single motor, rear-wheel-drive and a dual-motor all-wheel-drive configuration
- PEAR will have an option of two battery packs, with the larger Hyper Range pack aiming for over 310 miles
The company also announced that they have received 3,200 reservations for the PEAR. While Fisker further revealed that their first EV, the Ocean SUV surpassed 50,000 reservations, up from 40,000 just a few months ago.
Fisker is starting production on the Ocean in November of this year.
The company plans to fully unveil the PEAR in the second half of 2023. Fisker plans to produce the vehicle at a plant owned by Foxconn in 2024, with prototype testing starting in late 2022.
So, we shall wait and see on what else Fisker has under its sleeve for this interesting new vehicle, but before that they need to deliver their first EV.
Here are some of the other renders Fisker has released of the PEAR.


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Tesla wants to shift to a considerably less high-priced battery for its electric powered vehicles but first requirements to determine out how to defeat political tensions to get a Chinese companion to establish the iron-based mostly batteries close to its U.S. factories.
The world’s two largest economies have nonetheless to resolve disputes above tariffs, intellectual property legal rights and Chinese incursions into Taiwan’s air defense identification zone. And China’s sweeping regulatory crackdown, aimed largely at the technologies sector, could pose yet a further hurdle.
China adopted the technology early and tends to make 95% of the world’s Lithium Iron Phosphate (LFP) batteries, but crucial patents expire soon and Tesla said it designs to undertake LFP batteries in its fleet of typical-variety automobiles globally and shift battery creation nearer to its factories.
“Our goal is to localize all essential areas of the automobiles on the continent,” Drew Baglino, senior vice president of powertrain and strength engineering at Tesla, explained on an earnings simply call on Wednesday. Tesla is setting up factories in the United States and Germany.
“We’re working internally with our suppliers to achieve that purpose, and not just at the close-assembly amount but as much upstream as doable.”
Tesla now works by using LFP batteries from China’s CATL in some China-built Product 3 and Design Ys, and in the United States it begun profits of entry-amount Model 3 sedans with LFP.
The business did not react to a request for remark.
LFP technological innovation is considered to be less expensive and safer than nickel-dependent batteries, although they deficiency the exact energy density as nickel-dependent ones to let cars to journey farther on a solitary charge.
The know-how has garnered interest from EV makers and Reuters claimed in June that Apple Inc is in early stage talks with China’s CATL and BYD to get LFP batteries for its planned electric cars and would like them to build factories in the United States.
But CATL is hesitant to develop a factory in the region because of to political tensions in between Washington and Beijing as effectively as price fears, men and women said at that time.
“You cannot low cost the complete geopolitical aspect of it,” Sanjiv Malhotra, founder of battery startup Sparkz and former U.S. Department of Strength govt, explained to Reuters.
“Our prospects, they do not want to be caught in this political crossfire,” reported the U.S. startup, which is hunting at location up LFP production traces in the United States to challenge China’s dominance.
CATL is most likely better off production in China, where they have accessibility to the world’s cheapest-expense supplies, Roth Cash analyst Craig Irwin stated.
“A U.S. facility would need to have a greater U.S. supply chain to get similar to the reduced value out there in China.”
‘Pride and joy of China’
President Joe Biden has made it a priority to assist the rollout of electric motor vehicles to battle weather transform, but battery constraints could stay a important hurdle to his formidable program.
China is the greatest worldwide EV marketplace and dominates the source chain for the manufacture of lithium-ion batteries, which include the processing of minerals and raw materials.
“I call LFP the battery of China, for the reason that you actually only have CATL and BYD. So these are actually the sort of pride and pleasure of China,” reported Taylor Ogan, chief government of Snow Bull Money.
Electric Very last Mile Solutions Inc (ELMS), a professional electric car enterprise which presently imports CATL’S battery packs, is in talks with the corporation about the likelihood of sourcing batteries at CATL’s probable U.S. manufacturing unit.
CATL explained, “We strategy abroad financial commitment primarily based on aspects which include market demands, financial commitment surroundings, source chain, human means and expense.”
A BYD spokesperson reported the corporation has battery packing output services in the United States but does not presently make cells there.
Very last year, CEO Elon Musk stated Tesla would use LFP batteries for its China-created Product 3, declaring the transfer would free of charge up battery capacity for the Semi truck and other motor vehicles that demand higher-density, long-assortment batteries centered in nickel.
Because then, Musk has pledged to use the tech in more autos and power storage devices. A Houston electrical power venture will use LFP batteries.
The organization is struggling with higher prices principally owing to cobalt prices growing all around 70% so considerably this calendar year, with nickel up all-around 20% and aluminum up all around 50%. Tesla works by using these elements to make its batteries.
Relevant Online video:


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LeapRate's Daily Forex Industry Newsletter
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Screenshot of a breaking news alert e-mail from Q2 2017
With the developing relationship between China and Russia, it was announced today that leading Russian financial group – VTB Group (MCX:VTBR) is seeing considerable increase in the number of RMB operations.
Specifically the bank saw 1H2016 vs. 1H2015 record an almost 70% increase in the number of RMB remittances processed, which accounted for more than 5,000 operations with the volume exceeding RMB 45bn.
The bank is boosting its financial services in the Asian region on all fronts. It relates, first of all, to structuring cross-border trade finance solutions and providing related services, like FX and hedging, and also covers sophisticated product offering in the spheres of investment banking, capital markets and commodities.
VTB has an extensive correspondent banking network in the mainland China (including Shanghai Free Trade Zone) and Hong Kong to facilitate direct settlements in RMB and in other currencies.
Being connected to Chinese local payment system CNAPS and international payment system CIPS, VTB services mutual correspondent accounts in local and 3rd country currencies with the largest financial institutions in the region to provide the most optimal payment routes for the clients.
VTB has traditionally been the top bank to facilitate Sino-Russian cross-border trade flow. To support bigger longer-term projects, VTB has signed a number of trade and export finance lines with major banks in China totaling more than RMB 17bn and also obtained SINOSURE coverage limit for the amount of USD 2bn equivalent. Part of this financing is aimed to promote the relevant cooperation in the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
On the back of increasing trade flows, VTB has also seen growing demand for global market products, e.g. FX, hedging instruments, money market lending etc. The volume of traded RMB swaps went up by more than 3.5x in 1H2016 vs. 1H2015.
VTB Bank is also taking a leading position among Russian banks in the Chinese gold market. The bank has obtained membership license at Shanghai Gold Exchange International Board and fully completed the related settlement infrastructure in Shanghai FTZ to get access to gold trading. In April 2016 VTB also dispatched its first batch of gold to China under the Consignment Agreement with one of the biggest Chinese banks, becoming the first Russian bank to start the direct supply of physical gold to the Chinese market.
VTB Bank has additional advantages in servicing trade between Russia and China, by virtue of its own licensed branch in Shanghai. VTB Shanghai is the only operational branch of a Russian bank with licenses to conduct RMB business in China.
VTB Shanghai is the leading market maker in the RUB-RMB FX space accounting for 86% of the local Chinese market — as of 1H 2016 the traded volume came close to RMB 7bn. The branch is also a top provider of RUB liquidity for Chinese financial institutions.
Apart from traditional banking services in China VTB Bank is pioneering new products — VTB Bank has become the first Russian bank to receive PBoC’s license to access secondary market trading on China Interbank Bond Market, allowing VTB’s clients to invest in local Chinese debt securities. The required operational infrastructure is now being tested.


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AMC shares fall after research house discloses short position
(Reuters) -AMC Entertainment shares fell as much as 12% on Friday, after a small research house, Iceberg, tweeted that it held a short position on the theater chain operator's stock.
"Our position is based on the fundamentals of the company and the fact its stock price has been inflated by call options, which is always temporary," Iceberg Research said in an email statement.
AMC did not immediately respond to a request for comment.
Buying call options in a company allows investors to take bigger risks than by simply acquiring shares.
Options can be worthless when they expire, but there is theoretically no limit to how much their value can rise, and holders only have to put down a fraction of the stock's value to get the exposure.
Volatility in stocks including AMC and video game retailer GameStop have in recent weeks helped revive a meme stock craze that had peaked in January, fueled in part by retail investors flocking on platforms such as Reddit's WallStreetBets.
AMC shares were last down nearly 8% at $49.99 in early trading.
(Reporting by Akanksha Rana in Bengaluru; Editing by Patrick Graham and Arun Koyyur)


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2. Soon after he finished his duties, Sun heard loud voices coming from outside.
3. You may already use Google Calendar, but are you using it wisely? Here’s a secret: only put stuff on your Google Calendar that will actually happen at that date and time. Use iPhone Reminders to remember things that are not time-sensitive (down to the hour or minute). Following this strategy will help you stay more sane.
4. "This is something we believe is really important for the future of our country,"Facebook (FB, Fortune 500) CEO Mark Zuckerberg said in August.
5. 节目4 小品《我要上春晚》，周炜 刘大成 石头 张尧等
6. Here's a full rundown of the activity—and inactivity—with an eye towards naming this year's trade deadline winners and losers.


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Burberry unveiled today the Brit Rhythm ad campaign featuring British musician George Barnett of These New Puritans and British actress Suki Waterhouse. The new fragrance for men, is Burberry’s first fragrance launch since taking its beauty business in house in April 2013.
Directly inspired by Music which at the heart of Burberry’s world, from shows, events and soundtracks to the brand’s music platform devoted to emerging talent, Burberry Acoustic. Brit Rhythm brings this passion for music to Burberry’s most significant men’s fragrance launch to date.
Burberry is offering to fans and followers scented temporary ‘tattoos’ obtainable with a digital sample sign-up on Burberry.com, and a chance to live out the Brit Rhythm experience in person.
Users who sign up for ‘tattoos’ will enter a prize draw to access the physical culmination of the digital campaign – three live music events held at unexpected venues in London, New York and Singapore across three nights in October. Winners will receive an ‘Access All Areas’ pass and trip to one of the three gigs.
Leading Instagram photographers selected by Chief Creative Officer Christopher Bailey will collaborate with Burberry to capture #ThisisBrit imagery from live gigs around the world, including the Brit Rhythm events. These images will be shared across social channels and will also power iconic out-of-home sites in real time, inspiring global audiences to share content from their own live music experiences – while continuing Burberry’s vision of bringing emotion and excitement to technology.
A capsule of ready-to-wear and accessories, part of the brand’s Brit collection, celebrates the launch of Brit Rhythm. Centred on the iconic leather jacket and the leather notes at the heart of the fragrance, the capsule will be highlighted in windows across the brand’s stores globally.
Brit Rhythm is a sexy and provocative fragrance for men, rooted in the adrenaline and energy of music. A heart of black leather, heady patchouli and styrax resin is revealed behind top notes of basil verveina, spicy cardamom, and a shot of juniper berries – played against a base of sensual cedar wood heart, incense and warm tonka bean.
Get Brit Rhythm now via Bloomingdales.com
Brit Rhythm – The Campaign
See all the photos:
Photos and video courtesy of Burberry
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PayPal Invests $11.2 Million in Swedish Fintech Startup
In its blog, the Swedish company called the partnership "a major vote of confidence in our tech and an indicator of the strength of the open banking movement in Europe." PayPal investment was $11.2 million. As a result, the total amount of financing the fintech company exceeded $105 million. Tink will provide technology that allows customers of various banks to connect their accounts to PayPal. Currently, more than 1,400 developers use the API Tink platform to access the financial data of hundreds of banks and financial institutions in the European market.
Big news today: @PayPal joins the Tink family! Couldn’t be more excited to announce that the fintech giant is a new investor and customer. Celebrating this major vote of confidence in our tech and the open banking movement all week long. #openbanking https://t.co/YsLFDhd3Rs— Tink (@tink) 4 июня 2019 г.
Jennifer Marriner, VP of global markets and partnerships of PayPal said: "Tink has developed the infrastructure and data services for this new financial world and we’re excited to work together to continue to democratise financial services.”Funding will speed up the process of Tink adoption in Europe. In the past few months, the fintech startup has worked with NatWest in the UK, Mash in Finland and Lunar Way in Denmark. The company began the year with raising $63 million in a round of financing led by Insight Venture Partners and expanded its operations in five new European markets. We want to remind you: https://thecoinshark.net/digital-banking-electronic-money-and-cryptocurrencies-regulation-vs-technologies/