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Discover more from Highly Objective
💳 Tilray acquires $211M of HEXO Senior Secured Convertible Note, Creating Strategic Alliance
Jungle Boys raided. Gaize raises $1.2M. Harborside completes acquisition of Urbn Leaf. Planet 13 completes acquisition of Next Green Wave. Earnings – Curaleaf, Lowell Farms, GrowGeneration, Hydrofarm.
Jungle Boys Raided by CDTA Over $66,000 Late Fees. TLC Collective by Jungle Boys discovered the raid was all caused by a fine discrepancy with the CDTFA from when their offices were closed during the pandemic and dispensaries couldn’t pay taxes in cash. Despite the $18 million they did receive from Jungle Boys last year, CDTFA decided to move forward with the raid on the $66,000 that Jungle Boys already received a hearing date for. The CDTFA cleared out $174,000 in cash from TLC. They emptied the tip jars for the budtenders at the counter. “This is our standard procedure for cannabis businesses or any business. We’re not singling out any industry or type of business. If you owe taxes in California, we do our best to collect what is due,” the CDTFA told High Times.
Oklahoma lawmakers weigh restrictions on medical marijuana businesses. Oklahoma House Republican legislators pitched a 12-point plan to tighten up one of the country’s most business-friendly medical marijuana markets with a goal of curbing illicit activity. The plan, reported by the Associated Press and other media outlets, comes only weeks after law enforcement agencies seized ~$500M worth of illicit marijuana as part of a yearlong investigation. As of Feb. 7, Oklahoma had 12,021 licensed MMJ businesses, including 8,137 growers, 2,232 dispensaries, 1,508 processors, 103 transporters and 29 laboratories, according to OMMA data. The MJBizFactbook projected sales would reach between $1 billion and $1.25 billion this year.
HEXO and Tilray Brands — Create Strategic Alliance.
Under the new agreement, Tilray Brands will acquire $211M of senior secured convertible notes that were originally issued by HEXO to HT Investments. The new terms of the Notes are significantly more favorable to HEXO (maturity date extended by three years) and will enable the Company to strengthen its balance sheet and accelerate its transformation into a cash flow positive business within the next four quarters. The new partnership also brings together Canada’s top two cannabis market share leaders and is expected to create efficiencies of up to C$50M within two years which will be shared equally between HEXO and Tilray Brands. In addition to the restructured debt, HEXO has also signed an agreement with KAOS Capital (activist shareholder) and its partners to provide a C$180M equity backstop to HEXO. Last year, HEXO disclosed its ongoing concern with its senior secured convertible notes issued on May 27th and noted it may not have enough cash coming in to help pay off the debt.
Verano — Draws $100M to Fund Strategic Growth Initiatives, and Adds an Option for up to an additional $175M. The Company has drawn an additional $100M under its existing credit agreement pursuant to a fourth amendment to such credit agreement, to fund expansion and strategic growth initiatives, per its previous announcement on February 1, 2022, at a non-dilutive interest rate of 8.50%. As part of such amendment to its credit agreement, funding for up to an additional $175M at a future date was added, which lending commitment is subject to final agreement and conditions with the Company’s lenders.
AFC Gamma — Expands Existing Senior Secured Credit Facilities With Three Existing Borrowers. AFC Gamma has committed an additional $26.6M under the expansion to Verano’s credit facility, and now holds $86.6M in total of the expanded credit facility, and an additional $15M of the expansion was syndicated to an affiliate. AFC Gamma has committed an additional $15.3M under the expansion to Nature’s Medicines credit facility, and now holds $77.8M in total of the expanded credit facility, and an additional $1.0M of the expansion was syndicated. AFC Gamma has committed an additional $5.0M under the expansion to Natrabis’ facility, and now holds the entire $15.5M expanded credit facility.
Gaize — $1.2M Seed, with participation from CEO of ClassPass. The Gaize device is a patent pending, self-contained and automated test that relies on machine learning to evaluate several measures of how cannabis impairment manifests in the body and impacts the brain. For law enforcement customers, the Gaize product also provides video evidence of impairment from automatically performed tests. This piece of data has never been available to police before, which has caused severe challenges in prosecuting impaired driving cases.
Harborside — Completes Acquisition of Urbn Leaf and Appoints Ed Schmults as CEO. The Loudpack Acquisition is expected to close on or around March 15, 2022. Harborside will officially be renamed StateHouse shortly after the closing of the Loudpack Acquisition. Also, Will Senn has been appointed Chief Corporate Development Officer of the Company.
Planet 13 — Completes Acquisition of Next Green Wave for $60M. In completing the acquisition, Planet 13 has issued 21,361,002 ($2.79/share on March 1st) Planet 13 Shares to former NGW shareholders. The acquisition adds cultivation and production and will serve as the backbone of Planet 13's operations in the California market.
Clever Leaves — Partners With FoliuMed to Import Colombian Cannabis EU-GMP Bulk Extracts Into Germany. Clever Leaves has signed a one-year international sales agreement with German-Colombian operator FoliuMed and its German manufacturing partner, Fidelio. With access to three of Clever Leaves’ pharmaceutical grade bulk cannabis extracts, Fidelio will be ramping up production using Clever Leaves’ full spectrum THC crude extract, standardized 20% CBD extract, and CBD isolate. Clever Leaves raw materials are shipped to FoliuMed’s German operation near Frankfurt where they are processed into soft gels at Fidelio’s EU-GMP contract manufacturing site and delivered to a leading Australian customer.
📄 Company Updates / Earnings
Curaleaf — Q4 Fiscal Year End 2021 Results
Revenue was $320M, up 1% from $317M in Q3 2021 and 39% from $230M in Q4 2020. Growth primarily reflects continued organic growth driven by new retail store openings, the addition of new wholesale partner accounts, product launches, and the expansion of cultivation and production facilities
Retail revenue was $226M (71% of revenue), compared with $225M in Q3, and up 37% from $165M in Q4 2020. Added 21 new stores added in 2021.
Wholesale revenue was $94M (29% of revenue), up 2% Q3 and 46% Y/Y. Wholesale partner accounts increased 90%+ from 2020 to ~2,300 total accounts
Net loss was ($28M), compared with a net loss of ($55M) in Q3 and ($37M) in Q4 2020
Adjusted EBITDA was $80M for Q4, up 12% from $71M in Q3 and 48% from $54M in Q4 2020. Adjusted EBITDA margin was 24.9%, an increase of 240 basis points from 22.5% in the prior quarter and 140 basis points from 23.5% Y/Y
As of December 31, 2021, the Company had $299M of cash and $436M of debt
GrowGeneration — Q4 and Full Year 2021 Financial Results
2021 Revenue of $422.5M (119% growth) / Adjusted EBITDA of $34.5M (82% growth)
Q4 Revenues increased 46% to $90.6M
2021 Net income was $12.8M, up from $5.3M last year
Q4 Net loss was ($4.1M), compared to net income of $1.5M in the prior year
Q4 Adjusted EBITDA was a loss of ($1.9M)
Guidance — 2022 revenue of $415–$445M with adjusted EBITDA of $30–$35M, plans to open 15 to 20 new GrowGeneration garden centers in 2022
Hydrofarm — Q4 and Full Year 2021 Results (vs. Prior Year Period)
Q4 Net sales increased 26.3% to $110.4M compared to $87.4M
Q4 Adjusted EBITDA decreased 0.7% to $4.9M compared to $5.0M
2021 Net sales increased 40.1% to $479.4M compared to $342.2M
Adjusted EBITDA increased 123.4% to $47.1M compared to $21.1M
2022 Outlook: $575–615.0M (20–28% growth), Adjusted EBITDA of $63–$74M (11–12% margin)
Lowell Farms — Q4 and Fiscal Year 2021 Financial and Operational Results
Q4 Revenue was $15.1M, up 65% Y/Y and a 21% sequential increase over Q3
2021 Revenue was $53.7M, up 26% Y/Y
Out-of-state licensing exited the year with a GMV run-rate of $15M in annual sales, up 37% from the end of the prior quarter
Net loss for the fourth quarter was ($10.0M) (inclusive of the inventory impairment charge) compared sequentially to net loss of ($8.7M), and a net loss of ($4.1M) for Q4 2020. Net loss for the year was ($24.7M) compared to a net loss of ($21.9M) in 2020
Q4 Adjusted EBITDA was negative ($3.6M) compared sequentially to Adjusted EBITDA of ($5.2M) and negative adjusted EBITDA of ($1.6M) in Q4 2020. Adjusted EBITDA for the year was ($14.4M) compared to ($8.2M) in 2020
MedMen — Prevails in Claims for Legal Fees and Costs Against Former CFO Parker. MedMen previously announced in November 2021 that a jury had completely exonerated the Company in a lawsuit brought by former CFO James Parker. On March 1, 2022, the judge further ordered that Parker repay MedMen $612,000 in legal fees that the Company had previously advanced to Parker, affirming that Parker was not entitled to such reimbursement due to his material breach of his employment agreement.
MedMen — Opens San Francisco Store in Partnership With Mirage Medicinal. The 3,222 sq ft store in Cow Hollow marks the Company’s inaugural partnership with equity-licensed partner Mirage Medicinal, led by Malcolm Joshua Weitz. Weitz, a Mission District native and founder of Mirage Medicinal, will serve as CEO and part owner of the MedMen Union Street location.
Cannabis 21+ — Opens Palm Desert Location. The 14,000 sq ft location has 15 stations where visitors are offered 1 on 1 private consultation covering the 1500 or more products it will carry.
AWH — Launches Simply Herb, a Value Cannabis Brand in MA, IL and MI. Based on BDSA market data, 25% of industry sales in AWH's operating markets are driven by the "value" category. Featuring simple, clean packaging, Simply Herb is an easy-going, flower-focused brand with no frills.
TILT x Timeless — Exclusive Ohio Partnership. Timeless currently has operations in AZ, OK, MO, and CA. The brand is known for its extensive portfolio of innovative cartridges that combine high quality distillate with botanical or live resin terpenes to suit a variety of customer preferences.
🧔 People | 💻 Hiring
Wana Brands — Adds Kelly Flores as COO. Prior to joining Wana Brands, Flores served as COO at dosist. Prior to dosist, she spent six years at Monster Energy, exiting as VP of Strategic Planning, and 11 years with Nestlé Waters in Planning and Finance.
TerrAscend — Appoints Kara DioGuardi to its Board. TA Grammy nominated songwriter, producer, record executive, music publisher, Broadway actress and former American Idol judge, DioGuardi co-founded Arthouse, a music publishing company that holds past and present copyrights of many of the industry's most popular Grammy-winning artists. Prior to founding Arthouse and Inspired Nation, DioGuardi held several roles in the music industry throughout her career, including music producer and label executive for Billboard Magazine.
Weedmaps — Director, Strategy & Operations - Brands (Remote)
WYLD — Regional Sales Director—West (Hybrid)
PAX — Director, Strategic Finance (Hybrid)
Amuse — Director of Product (LA)
Leaflink — Director of Strategic Partnerships, Technology (LA)
Max Simon, Green Flower CEO on Thinking Outside the Bud
Kristina Lopez, House of Puff CEO on Brand F*UPS
Raymond Chang, Agrify CEO on finding your startup idea
Adam Grossman, Papa & Barkley Founder on the importance of a balanced lifestyle
👋 Highly Objective is curated by Dai Truong, who leads Cannabis Investment Banking at Arlington Capital Advisors. Third-party information presented here and links to third-party content are for informational purposes only and are not intended as a recommendation, offer or solicitation for the purchase or sale of any financial instrument, security or investment. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. Linking to third-party sites in no way implies an endorsement or affiliation of any kind between Arlington Capital Advisors, LLC, or its affiliates and any third party. The information in this blog constitutes my own opinions (and any opinions posted by guest bloggers from time to time) and it should not be regarded as a description of services provided by Arlington Capital Advisors, LLC or any affiliate.


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It's been some time since we've heard what's next from Telltale Games, but the developer of 2012's celebrated The Walking Dead adventure game may be teasing something around its DC Comics Fables project, depending on how you interpret a Tweet with the hashtag #howl posted tonight by Telltale Games on Twitter.
Specifically, our hunch is the tweet could be a cryptic nod to Bigby Wolf, one of the main characters of the sweeping 120-plus issue Vertigo franchise.
Does this mean some Fables game news is coming soon? Will the company announce something at PAX East? Have they landed on a new name (Telltale told IGN it wouldn't just be called Fables)?
Who knows, but it's been a few years since Telltale announced its Fables adaptation in 2011. Twice this month Telltale did however retweet two Fables-related bits of news:
Telltale Games at Fabletown and Beyond? Big news about the Fables game in production? Things you can only learn by also being at the con?
— Bill Willingham (@BillWillingham) March 4, 2013
Fables Deluxe Edition Book Six debuted at the top of the @nytimes Graphic Books Best Seller's list: bit.ly/XhR4rK
— Vertigo Comics (@vertigo_comics) March 11, 2013
When Twitter follower Steveo Smith aka @Alerek commented about what he called tonight's "foreboding tweet," Telltale responded simply by saying:
Otherwise, Telltale news has been mostly quiet since writer Gary Whitta said we "won't have to wait for Season 2 to play more Walking Dead." And he wasn't talking about AMC's Walking Dead game.

domain: news


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Morrisons helps UK navigate January with 'Prices Locked Low'
The upbeat campaign was created by Leo Burnett
03 January 2024
Supermarket chain Morrisons has unveiled a campaign that showcases the range of prices locked low across the store being discovered by different customers, from fresh fruit and veg to cleaning essentials.
Every month at Morrisons over 1000 prices are locked low across the store. Never is this more important for customers than in January, arguably the toughest month of the year financially.
The 30” film, created by Leo Burnett, builds on the brand launch earlier this year and highlights customers excitement as they see products at new lowered prices everywhere they look across the store. The film opens with a customer browsing the aisles of a Morrisons supermarket. Upon reading a sign that ‘More than 1,000 prices locked low’, the customer excitedly traces her gaze across the aisle. An upbeat track builds to a crescendo as she gazes in amazement at the new lowered price of bananas. The camera rapidly zooms in to the product and a padlock labelled with ‘Prices Locked Low’ appears, locking with a satisfying click. One customer removes his glasses, double taking at the low price of tinned tomatoes while another customer whips his head around in astonishment. After checking out her shopping at the till, a customer stares at her receipt in delighted disbelief. The cashier locks the till with a wide smile, securing Morrison’s lowered and locked prices.
CAMPAIGN TITLE: Prices Locked Low
ADVERTISING AGENCY: Leo Burnett
CHIEF CREATIVE OFFICER: Mark Elwood
CREATIVES: Tom Loveless, Matt Wood
CREATIVE DIRECTOR OF DESIGN: David Allen
DESIGNERS: Harry Ingrams, Jakk Breedon, Carmen Perez Jimenez, Milan Mezei
STRATEGY PARTNER: Joe Beveridge
SENIOR PLANNER: Jenika Hadipour
SOCIAL PLANNER: Benjamin Obadia
BUSINESS LEAD: Sophie Garrett
ACCOUNT DIRECTOR: Ben Mallins
SENIOR ACCOUNT MANAGER: Carys Parry
ACCOUNT EXECUTIVE: Meyaa Nelson
PROJECT MANAGEMENT: Fahed Eichikhe
AGENCY PRODUCER: Georgina Pearson
MEDIA BUYING AGENCY: Wavemaker
MEDIA PLANNER: Richard Bartlett
PRODUCTION COMPANY: Prodigious
POST-PRODUCTION COMPANY: Prodigious
DIRECTOR: Zac Ella
PRODUCER: Thu Minh Nguyen


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The only children’s bookstore in the region has a new manager.
He is part of the local non-profit organization Free Books for Kids Town.
“Kids Town Books is located at Warren Antiques at 306 Second Ave. in downtown Warren,” said nonprofit founder Ruby Wiles.
She said Deena Winters has been named the bookstore’s new manager.
“It’s small, but the choice is wide” said Wiles, noting that this marks “the only children’s bookstore within 75 miles.”
All proceeds from book sales will be donated to the efforts of Free Books for Kids Town.
“We are thrilled to have someone as talented and committed as Deena serving our community with the best and widest selection of children’s books,” said Wiles. “If you’ve been in the store recently, you can see his leadership and his passion.
Our goal is to provide our community with the ability to browse wonderful books. My family loves bookstores. We want Warren to be a very special place for children. The library adds to what our community already has.


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Controversial 'Yelp for People' Makes an Important Pivot
Everyone can give you the headlines. We help you learn from the day's shifts, both big and small.
1. Where there's a problem, there's always a pivot.
The 'Yelp for people' could launch as soon as today. The controversial app has made some important adjustments -- but is likely to still raise eyebrows, according to Uproxx.
2. Never let down your defenses.
Apple users targeted in ransomware attack. It's the first known attack of its kind, says Reuters.
3. There's always new uses for old apps.
In the first Snapchat endorsement, former California Gov. Arnold Schwarzenegger used the app to endorse John Kasich over the weekend, according to Time.
4. The future is closer than we think.
The Geneva Motor Show always features a number of upcoming innovations. This year, carmakers introduced steering wheels that fold away and make room for tablets (so drivers can check their email) to Nissan's vision of a world without gas stations.
5. Small details can make big impact.
Ray Tomlinson, who invented email and thought of using the “@” symbol, died this weekend. He was 74.


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Vivo has quietly announced the Y17s smartphone in Singapore. This low-end device comes with basic specs, and while we’re not sure if it will be released outside of Singapore, it probably will.
The vivo Y17s runs on a MediaTek Helio G85 chipset and features a 6.56-inch IPS LCD, 720p display with a 60Hz refresh rate. While this may not sound impressive, vivo claims that it offers 840 nits of peak brightness, making it suitable for outdoor use even on sunny days. There aren’t many memory variants to choose from, as there is only a 6GB/128GB option available. However, there is a MicroSD card slot for expandable storage.
In terms of camera, the device is equipped with a rear 50MP f/1.8 camera and a 2MP depth sensor. The selfie camera features an 8MP sensor with an f/2.0 aperture.
The entire hardware is powered by a 5,000 mAh battery, which supports relatively slow 15W charging. It also runs Funtouch OS 13 on top of Android 13. Other notable features include IP54 certification against splashes and dust.
The device is currently available for purchase in Singapore for SGD 199 ($146) in Glitter Purple and Forest Green. It is expected to be released in other Asian countries as well, making Singapore its first stop.


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The Workplace, Facebook’s specially designed social networking platform for businesses and other organizations has completed a year. Facebook announced that the Workplace has 30,000 organizations using the platform and about 1 million groups. With these stats, Facebook is driving Workplace even further by releasing new features for a desktop app for Workplace Chat.
The new features include screen sharing and group video chat. The group video chat will let people create virtual ‘rooms’ of up to 50 people for interactive video conferences. Previously, the video chat was quite limited. Apart from one-to-one video calling, it only had video broadcasts. The feature also includes a desktop chat app, so that workers can communicate with each other through messages.
Users can expect the design and layout of Workplace to get a makeover. Facebook has said that the overall design of Workplace will be updated to simplify the interface and make it consistent across Android, iOS, desktop, and web.
The latest update from Facebook also coincides with Slash rolling out its new features. Slash too released a screen sharing feature that allows users to edit, design, among other things with it. Facebook Workplace is now in direct competition with Slash, and other workplace platforms.


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Many thanks to the fine folks at the Darrell Gwynn Foundation and Eliminator Boats for taking the Sirius Speedway crew for a wide-open SpeedWeek tour of Daytona International Speedway's Lake Lloyd. Eliminator Boats has built a special, 50th Anniversary Daytona 500 Edition boat -- complete with a V-10 Dodge Viper powerplant -- to be auctioned off at the upcoming Barrett Jackson Auto Auction, with the proceeds going to the Darrell Gwynn Foundation. Dave, Ryan and MRN Radio's Jeff Striegle were treated to a 100-mph test drive, and take it from us: that's one ROCKIN' boat. We also took a spin in the companion Budweiser/Kasey Kahne boat, equipped with a 355 c.i.d. V8 engine and a three-liter blower!
Thanks to Kevin Striegle of FlatFootRacin.com for the photo.


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In honor of what would have been founder Harmon Dobson's 100th birthday, Whataburger announced a promotion for October 8 from 5 to 8 p.m. featuring $1 Whataburgers for dine-in customers. The promotion is run through the brand’s Facebook page where customers can claim the offer, have it sent to their email, and redeem at any Whataburger location. Airport locations are excluded from this offer.
One of Whataburger’s most beloved burgers is back by popular demand. Customers in Arkansas, Louisiana, Georgia, Mississippi, Alabama, and Florida can now satisfy their dinner cravings with the A.1. Thick & Hearty Burger.
The A.1.Thick & Hearty Burger features two, 100 percent pure beef patties, topped with bacon, cheese, grilled onions, and A.1.Thick & Hearty Steak Sauce, served on Whataburger’s toasted five-inch bun for a combination of rich, satisfying flavors.
Empathica, a global provider of Customer Experience Management (CEM) solutions to multiunit enterprises, released burger brand findings from the 2013 Quick Service Restaurant Benchmark Study, which surveyed 10,000 U.S. consumers and determined brand rankings in categories such as food, staff, and atmosphere, as well as the drivers behind social media engagement and loyalty.
In Tulsa, Oklahoma, down the block from a McDonald’s and around the corner from a Jason’s Deli, Whataburger store No. 304 on Peoria Avenue features the same iconic, orange-and-white, A-frame exterior as nearly every other restaurant in the 740-unit Whataburger system. It serves the same quarter-pound hamburgers on five-inch buns, and its people inside display the same friendly demeanor that has catapulted the Whataburger brand through seven decades.
Whataburger lovers outside of Texas who have been craving Fancy Ketchup, Spicy Ketchup, and Original Mustard from miles away can now celebrate. Whataburger is selling bottles of its Fancy Ketchup, Spicy Ketchup, and Original Mustard on its website.
Since the retail launch in May, Whataburger fans outside of H-E-B’s Texas and Mexico service area have made several requests through Whataburger social channels to make the condiments available online.
For the first time ever, fresh avocado will be available to add to any Whataburger menu item. To celebrate, Whataburger is also serving up for a limited time the new Avocado Bacon Burger, which features a 100 percent beef patty topped with avocado, creamy pepper sauce, tomatoes, onions, bacon, and American cheese and is served on Texas Toast.
Whataburger, a family owned and operated quick-serve restaurant chain, has selected Pointsmith, a national in-store marketing management company, as the winner of its biennial vendor “Make it Happen” Award.
Following buzz about Whataburger’s condiments coming to H-E-B stores, the two Texas companies announced that Fancy Ketchup, Spicy Ketchup, and Original Mustard should arrive in stores just prior to the Memorial Day weekend by Saturday, May 25.
The Whatatfries product—a potato chip version of the french fry—should hit stores around the end of June 2013.
Whataburger Restaurants will celebrate National Burger Month by hosting an Instagram photo contest. Fans will be able to enter to win one of four weekly prizes including Whataburger for a Year – a free Whataburger each week for an entire year.
Whataburger Restaurants, known for custom-made, always-fresh burgers, will celebrate National Burger Month by hosting an Instagram photo contest.
Fans will be able to enter to win one of four weekly prizes, including Whataburger for a year—a free Whataburger each week for an entire year.
To be eligible to win, fans must be 13 years or older and upload photos via Instagram featuring a designated theme, including the hashtag #Whatagram and also tagging @Whataburger.


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Truckload carrier Schneider National has now been in business for 75 years — dating its start in the trucking business back to 1935 when founder Al Schneider sold the family's car to purchase his first truck.
“In 1935, Schneider consisted of one truck. Today we have more than 11,000 on the road,” said Chris Lofgren, the carrier's president & CEO, in a ceremony at the company's Green Bay, WI, headquarters last month. “Back then this industry was highly regulated, with most trucks delivering freight only within state lines. Today we deliver freight across North America and around the world, logging 926 million mi. a year while delivering goods to the factories and store shelves in the U.S., Mexico, Canada and China.”


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* Kia's affiliate Hyundai is No.2 automaker by sales inIndia * Kia may build small cars, SUVs from July 2019 -source By Nidhi Verma and Hyunjoo Jin NEW DELHI/SEOUL, Feb 7 (Reuters) - South Korea's Kia MotorsCorp is close to finalising the southern Indianstate ... Sify, 1 week ago
* PREVIOUS TRADING SESSION MOVES: * HK->Shanghai Connect daily quota used 3.7 pct, Shanghai->HK suspended * HK->Shenzhen Connect daily quota used 3.7 pct, Shenzhen->HK suspended * SSEC +0.4 pct, CSI300 +0.3 pct, HSI -0.6 pct * CNY official close 6.8807 per ...Sify, 2 weeks ago China Stocks-Factors to watch on Monday Sify, 1 month ago
SEOUL - Hyundai Motor and affiliate Kia Motors on Monday forecast global sales to rebound in 2017 by a stronger-than-expected 5 percent, after posting their first annual sales fall in nearly two decades last year. Sales could get a lift this year with ...Sify, 1 month ago Hyundai, Kia aim to grow 2017 sales to 8.25 million vehicles globally Sify, 1 month ago Blindsided by SUV boom, Hyundai Motor trims costs, perks Sify, 1 month ago
By Christine Kim and Cynthia Kim SEOUL (Reuters) - South Korea's central bank held its key policy rate steady at a record low of 1.25 percent on Thursday, as authorities sit tight in the face of a political crisis at home and the U.S. Federal Reserve's signal ...Sify, 2 months ago
In an online chat with readers, Vidhu Shekhar, country head - India, CFA Institute shared some crucial tips The Chartered Financial Analyst (CFA) Program is a professional examination that tests aspirants for their analytical skills and knowledge in the core areas of finance. The program covers topics on investment management, financial analysis, stocks, bonds and derivatives, which are of interest to finance professionals. Lakhs of students register for the exam from across the country, ...Rediff.com, 2 months ago
Samsung Electronics said today it was considering splitting the company into two as it faces growing pressure to overhaul its governance during a crucial power transfer in top management. The announcement came as the South Korean electronics giant is seeking ...Deccan Herald, 2 months ago Samsung to unveil shareholder return plans amid calls to split company Sify, 2 months ago
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There will probably be individuals reading this who have tried to get hold of a new Nvidia or AMD illustrations card to no profit. About seven days prior, AMD's RX 6500 XT was sold out almost immediately after launching, and costs on eBay had skyrocketed. Some probably puzzled over whether team green's latest budget card would likewise experience a similar fate, and it looks like stores are already out of stock of the organization's new product.
According to a recent report from Tom's Hardware, the Nvidia RTX 3050, which was delivered just a day prior, is no place to be found in terms of availability. A portion of the enormous providers, like Newegg, Micro Center, and Best Buy, are already sold out of the newly-delivered GPU. At the time of writing, it looks like customers are not going to have the option to get hold of the product just yet. It's uncertain why it's sold out so rapidly, but it's probably going to be a combination of interest not meeting supply, and the fact that getting a new illustrations card is already hard all things considered, so many will probably have bought one the subsequent it went discounted.
Last year, it was suggested that supplies of Nvidia GPUs could drop by a third for the month of September, and this latest development shows that things don't appear to have worked on much. This is all despite the fact that team green appeared to be genuinely confident that it could further develop supplies of the RTX 3050 upon discharge. Whether this is something that will be acted upon in the future remains to be seen, but for the time being, the market, and subsequently the customers, are still suffering.
The fact that the RTX 3050 is apparently terrible for cryptomining could likewise explain it being sold out so rapidly. Considering that mining is being considered at least partly answerable for the deficit, GPUs that are being delivered with limited hash rates will undoubtedly pull in additional attention from gamers, as miners stand to not benefit from such products.
While Intel says that the chip shortage could continue until 2023, Nvidia appears to be more optimistic, suggesting that things could start to turn upward from Q2 onwards this year. Whatever the case might be, the fact is that when a new illustrations card gets delivered, it's almost immediately gone again, leaving numerous potential purchasers empty-gave and no real way to realize how before long supplies will return. There is eBay, obviously, but that is by all accounts a road for the desperate who don't mind paying $2,000 for a card that's worth $250.


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IPO: If you say condom, you are scared, scared, angry, talking about private matters. But you will soon be able to say that you are an investor in a condom making company.
Image Credit Source: Social Media
New Delhi condoms (condoms) Said what is the first reaction.. Tension, not the subject, excitement, what are you talking about, Rao, such reactions. (feedback) will come but you will soon become an investor in a condom making company (Investment) It can be said that looking at the condom sales figures of the company, experts predict that this investment will be beneficial for you.
labor force (manforce) You must have heard the name of condom, right? Now what do you call this question. So friends, your earnings are hidden in this question. Manforce condoms can be a source of income for you.
Mankind Pharma (Mankind Pharma) This company manufactures these condoms. Now this company is going to bring IPO in the market soon. For this, the company has also done Soapskar.
The company is preparing to file an IPO with the Securities and Exchange Board of India (SEBI). The company filed a draft red herring prospectus with SEBI(DRHP) has been filed.
You will be stunned to hear the market capitalization of this IPO. Because the size of this IPO is going to be Rs 5,500 crore. This will be a bigger investment than the IPO size offered by indigenous pharmaceutical companies so far.
Prega news kit is available in the market to detect pregnancy at home. This kit is a product of popular company Mankind Pharma.
The total equity stake of the promoters and existing shareholders in the IPO company is Rs 4 crore. It has been prepared for sale. IPO will be planned on these shares.
Mankind Pharma is promoted by Ramesh Juneja, Rajiv Juneja, Sheetal Arora, Ramesh Juneja Family Trust, Rajiv Juneja Family Trust and Prem Sheetal Family Trust.
This company has many products in the pharmaceutical sector. Apart from this, the company is known for its products Prega News Pregnancy Testing Kit, Manforce Condom and Gas-O-Fast.
The company has made a net profit of Rs 1,084.37 crore for the financial year ended 31 March 2021. Now, do we need to tell you how profitable it is to invest in this company?
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Scripps Networks Interactive has appointed former Microsoft, Nokia and NBCU director, Maya Bhose, as vice-president of marketing and communications, UK and EMEA.
In the newly created post, Bhose will be responsible for all aspects of marketing and communications for the three lifestyle brands that Scripps Networks distributes in the UK, Europe, the Middle East and Africa – Food Network, Travel Channel and Fine Living.
This will include brand strategy; consumer, affiliate, ad sales, social and digital marketing; and internal, corporate and consumer communications.
Bhose brings 20 years of marketing experience to the London-based role, including campaigns roles at Microsoft and Nokia, a head of brand marketing post at now-defunct UK online TV service SeeSaw and three years in a brand strategy position at NBCU Global Networks.
Most recently, Bhose was managing director at Mission Marketing and before joining Scripps was working as a freelance brand and marketing consultant.
“As we continue to expand our business across the UK & EMEA and invest more in local talent and original productions, Maya will play an integral role in bringing that strategy to life on all screens,” said Kevin Dickie, senior vice-president of channels, UK and EMEA.
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The optimism of chief financial officers across the U.S. has fallen steeply in the fourth quarter, according to a new survey.
The survey of 345 corporate CFOs, by Financial Executives International and Baruch College's Zicklin School of Business, tracks a quarterly CFO Optimism Index. The survey found that optimism about the U.S. economy plummeted to an all-time low among CFOs in the fourth quarter, with the index falling to 39.85 compared to 41.73 in the third quarter. That represented a 46 percent drop from the 73.55 level in 2004. Optimism about the CFOs' own companies also dipped in Q4 to 58.07, compared to 61.74 in Q3.
Eighty-eight percent of the CFOs feel that the breadth of responsibility and pressure placed on their roles by employees and shareholders is higher compared with this time last year. Sixty-eight percent of CFOs identified hiring as an area for cutbacks in 2009, with 65 percent saying they have already implemented labor cutbacks during 2008. Eighty percent of CFOs have scaled back discretionary spending.
Holiday events have seen a 32 percent decrease on average, while overtime has been slashed by an average of 22 percent, and entertainment by an average of 18 percent. Thirty-eight percent of CFOs say their companies are cutting year-end bonuses for employees across the board.
Nearly 40 percent of the CFOs surveyed say that U.S. economic growth is the No. 1 economic worry for 2009, while 32 percent choose consumer spending and demand as the top economic worry. Thirty-four percent of the CFOs said that expense control would be their company's top challenge in the first half of 2009, compared with 30 percent in the second quarter of 2008.
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Japanese Manufacturing Sector in Expansion For 12 Straight Months
Aiswarya Gopan • 1 min read
The manufacturing sector across Japan posted the fastest pace of growth seen in almost eight years during the month of January, powered by an uptick in output and new orders received. The final au Jibun Bank Japan Manufacturing PMI for January jumped to a seasonally adjusted 55.4 from December’s reading of 54.3.
The final reading came in higher than the flash reading of 54.6 as Japanese manufacturers reported the fastest growth in output since February 2014. Meanwhile, overall orders grew at the fastest rate seen since April 2021, helping the overall PMI reading stay above the 50-threshold indicating expansion in the manufacturing sector for the 12th consecutive month.
External demand also ticked higher from December, especially on the back of higher demand in key markets such as automotive and semiconductors. Employment in the sector also posted a growth, rising at the fastest pace seen since April 2018.
However, the sharp surge in manufacturing activity further pressured global supply chains which remain disrupted due to uneven recovery from the pandemic around the world. Higher raw material prices drove up input price inflation and firms have started passing on some of these costs to consumers, driving up output prices at the fastest pace seen in over 13 years.
Economist at IHS Markit, Usamah Bhatti, notes, “Confidence regarding the year-ahead outlook also strengthened, underpinned by hopes that an end to the pandemic would induce a broad recovery in demand and supply chains. This is in line with the IHS Markit estimate of 6.3% growth in industrial production in 2022.”


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Displaying items by tag: elmia
Until the end of 2015 Torbjörn Johnsen was the manager of Elmia’s forestry fairs – Elmia Wood and SkogsElmia – and a familiar figure to international and Swedish exhibitors alike. He is now joint owner of Sweden’s biggest online meeting place for forestry issues, Skogsforum.
Skogsforum’s two owners Fredrik Reuter and Torbjörn Johnsen in front of a stack of Swedish pulpwood.
Rumours abounded in the Swedish forest industry when it became known last autumn that Torbjörn Johnsen had resigned after more than 20 years at Elmia.
“It was time to do something else with my life,” he explains.
But what? That answer is now clear – his new home is Sweden’s biggest online forestry forum, Skogsforum. Founded about a decade ago, it now has 27,000 members and some 130,000 unique visitors per month.
“Skogsforum is a stable platform with great development potential,” Johnsen says. “In addition, its founder Fredrik Reuter and I share the same views on forestry issues and how the business can be developed.”
While Reuter built up Skogsforum alone, he credits much of its success to its members:
“They’ve created Skogsforum and it will continue to be a user-driven forum. Its visitors are a cross-section of Sweden’s forest industry. This is where machine operators discuss issues with each other, private forest owners compare notes and forestry companies and authorities discover the hot topics and trends.”
With two owners now working full-time in the business, the resources are now available to take Skogsforum up to the next level. Members have already requested more editorial material and a variety of services.
The two owners complement each other. Fredrik Reuter began to produce websites in 1999. Torbjörn Johnsen’s focus at Elmia was business development. What unites the two men is an interest in and long experience of forestry.
For more information:
Facts about skogsforum.se
Launched: 15 March 2005
Membership numbers on 7 Jan 2016: 27,420
Unique visitors per month: 110,000 to the website + 20,000 to the app
Number of written contributions to the forum: ~360,000
Blogs on skogsforum: ~280
Operated by: a limited company (Skogsforum Media AB)
Forest Romania will be the first dedicated professional forestry fair in Romania, a forestry country with sizeable forest resources and an extensive forest industry. The fair is being held by two of the world’s leading organizers of forestry & agricultural trade fairs: Elmia of Sweden and DLG of Germany, 16-18 September in Zizin, just outside the city of Braşov.
Forest Romania’s top attraction is a two-kilometer-long demo trail where exhibitors will demonstrate felling operations using skidders, harvesters, forwarders, cableways, and farm tractor applications. The demo trail goes through steep terrain with a significant elevation difference.
In conjunction with Forest Romania 2015 there will also be seminars, industry meetings and other activities, including events in cooperation with the forestry faculty at the University of Braşov.
–With the aid of cutting-edge expertise, we will evaluate various machine systems for both their economic efficiency and their environmental impact, says Dr. Reiner Hofmann from DLG who is responsible for the seminar program of Forest Romania 2015.
The Romanian forest industry must cope with demanding conditions: steep terrain, large stems and a sparse network of forest roads. Simple skidders are used today and significant volumes of timber are still brought out with horses. However there is strong demand for the timber and the prices match those in the rest of Europe. The low level of mechanization makes Romania a very interesting potential market for forest machinery and modern forest technology.
– We believe Romanian forestry has a very promising future as we can see already today that companies are investing in new technology and services. The Romanian forest industry needs a good meeting place so that professionals can see and test the new technology and services at home in the forest and discuss today’s challenges, says Anamaria Deliu, the Project Manager of Forest Romania 2015.
Welcome to three important days with news and business
in the heart of Transylvania!
Read more about Forest Romania here: www.forestromania.com
For more information please contact:
New-generation forest owners are managing their own forests and aiming for more than just a return on their investment. At least as important to them is to care for their forests in a long-term, environmentally suitable way. That was clear among both the visitors and exhibitors at this year’s SkogsElmia.
“This year’s fair was a trend break. Forest owners are now demanding that the big forest companies and their subcontractors use gentler methods to reduce ground damage and other types of impact on the environment. We’re now selling 70 percent of our machines to professional contractors,” says Magnus Wallin, business development manager and founder of the machinery manufacturer Malwa, one of a growing number of manufacturers of small forest machines for professional use.
SkogsElmia is the Nordic region’s biggest forestry fair. Exhibitors included a number of manufacturers of full-size machines, including Sampo Rosenlew and Ponsse. Sampo Rosenlew unveiled its very first forwarder and Ponsse presented its upgraded Buffalo forwarder with its active cab levelling system Active Frame.
“There was a lot of interest in the new cab. It was a good fair with a large number of contractors among the visitors,” said Carl-Henrik Hammar, the new managing director of Ponsse’s Swedish subsidiary.
Other innovations also debuted at SkogsElmia. Pewag of Austria had the world premiere of its new-generation tracks for forest machines; Tamtron exhibited its new crane scale with wireless transmission, and ATV Lifeguard had the European premiere of its flexible roll bar for quad bikes.
“There’s a spirit of drive and ambition in the forestry world that spurs on new innovations,” comments SkogsElmia’s project manager, Torbjörn Johnsen. “As forest owners make new demands, forestry fairs are becoming an ever-more important meeting place for the industry’s various stakeholders and also a platform for the development of new products and services. A number of the industry’s biggest players say they meet as many customers, members or suppliers during the three days of the fair as during the entire rest of the year. Obviously such encounters spur on development and change.”
SkogsElmia had 26168 visitors.
The next big forest industry event is Elmia Wood 7–10 June 2017.
Expertise, new products and innovative strength – they’re all assembled in the same place as SkogsElmia opens its gates in the forest south of Jönköping from 4 to 6 June. World premieres at this year’s fair include a nimble hybrid forwarder and interactive spectacles that enable forest owners to see their forests in a totally new way.
The focus at SkogsElmia is on the Nordic forestry market with its own particular conditions, such as the high proportion of private forest operations, the high degree of mechanisation and the intensive silviculture with multiple thinnings.This year’s three important themes are ground damage, silviculture with a focus on thinning, and innovations that simplify work in the forest.
One such innovation that is being unveiled at the fair is Sydved’s interactive spectacles, C Wear Interactive Glasses. They are designed to help forest owners plan their thinning and felling operations, take measurements and mark various objects.
“It feels terrific to be able to show forest owners how the latest digital technology can add concrete value to active forest ownership,” comments Daniel Fellenius, head of information at Sydved. “Sydved has always focused on creating developments and technology that benefit both the environment and forest owners, and we regard this as one possible step in the development of an active Swedish forest industry.”
On the machinery side, a number of new products are being presented at SkogsElmia. Finland’s Sampo Rosenlew is presenting its very first forwarder, the FR28, Ponsse is launching new engines, a new cab with an extra frame, and its new mini-forwarder, the Gazelle, and SP Maskiner is presenting its newly updated harvester head, the SP 451.
There will also be the premiere of the world’s first forwarder with hybrid operation, the mini-forwarder Woodtiger GJ30, developed by Woodtiger AB, a subsidiary of Kranman AB. The Woodtiger GJ30 operates with hydrostatic drive off road and like an ordinary tractor with a mechanical gearbox when transporting timber on roads.
“The biggest benefit is the on-road fuel consumption, which is half what it would be if the machine operated only with hydrostatic drive,” explains Åke Johansson, owner of Woodtiger AB and founder of Kranman AB. “You also avoid problems to do with oils overheating in the summertime. With these features we’ve achieved our goals of developing a very easily operated machine both on and off road.”
More interest in forestry
Interest in forests and forest issues has increased greatly in recent years. Many new forest owners are interested in thinning and silviculture and want to know more about them – how they can best care for their forests using sustainable methods. At SkogsElmia visitors can see a range of solutions for reducing ground damage. The research institute Skogforsk has a number of locations at the fair where various silviculture methods are demonstrated in practice. In some cases, forest owners can make direct comparisons between the various options.
“SkogsElmia is a fantastic source of knowledge ‘on tap’, with products, services and expertise all gathered at one and the same spot,” comments Torbjörn Johnsen, Business Manager Forestryat Elmia. “It’s the industry’s big meeting place and it also has a major social dimension and value in that it gives people an opportunity to meet their suppliers, neighbours, former fellow students on training courses and leading industry figures. All you have to do is walk around and listen, and you realise that this is a big social and professional event for many people.”
For more information contact:
To access the entire programme visit:
Adforum, the world-leading organiser of trade fairs for the pulp and paper industry, and Elmia, whose fairs include the world’s leading bioenergy fair, have agreed to combine their previous fairs to create a strong and timely meeting place in the forest industry. Starting in 2016 the previous fairs will all form part of International Wood Biorefining Week, 24-26th May at Stockholmsmässan.
“This will be a long-term collaboration together with our joint partners,” explains Marcus Bergström, CEO of Adforum. “The forest industry is experiencing very powerful change in which synergies and integration between various sectors in the industry are increasingly important. Our customers have long desired fewer, more multifaceted, bigger and, above all, more timely meeting places in the industry where they can meet relevant business partners and customers. Now we can finally offer them that.”
The three events included in International Wood Biorefining Week are International Pulp & Paper Week, World Bioenergy and Bioeconomy Innovation Forum.
International Pulp & Paper Week continues the tradition of fairs for the pulp and paper industry that have been organised by Adforum since 1968. The latest event was held in cooperation with a Swedish pulp and paper organisation in Stockholm in 2011 and brought together 650 exhibiting companies from 30 countries plus almost 10,000 visitors from 56 countries.
World Bioenergy has been organised by Elmia and it’s partner Svebio, The Swedish Bioenergy Association, since 2004 and has for ten years been an important marketplace for suppliers and purchasers of products, technology, services and expertise in the bioenergy sector.
“Thanks to Sweden’s leading position in the bioenergy field, it has been possible to develop World Bioenergy into a global event with participants from 80 countries,” comments Torbjörn Johnsen, Business Manager Forestry at Elmia. “When we launched World Bioenergy, the growth area was by-products from tree harvesting and the sawmill industry. Today we have a totally new situation with a pulp and paper industry that is investing heavily to create an integrated process industry in which bioenergy is becoming an ever more important part of the product mix.”
Bioeconomy Innovation Forum is a new event for new and innovative products from the forest industry. The focus is on bioplastics, textile fibres, nanocellulose, carbon fibre, packaging, biochemicals and wooden structures. Exhibitors at this event will encounter not only visitors from the forest industry but also from other industries with an interest in biobased products.
“For this event we will also be inviting visitors from other manufacturing industries with an interest in forestry’s sustainable solutions,” Marcus Bergström says. “It’s important to create a dialogue between various industries and to enable forestry companies to meet their customers. At previous forestry events they have mainly met their own suppliers and employees.”
In 2016 the three fairs will be held concurrently in the same hall at Stockholmsmässan and the conferences will also be integrated with the fairs. Another partner involved in the fairs is the trade journal Nordisk Papperstidning & Biobusiness, which is owned by the media company Mentor Communication.
Svebio will be involved in the World Bioenergy event. VTT Technical Research Centre of Finland, the leading research and technology company in the Nordic region, and Innventia, a world-leading research institute that works with innovations based on forest raw materials, are conference partners for the Bioeconomy Innovation Forum.
“The forest industry is becoming ever more broader nowadays and it feels both good and important that we can jointly offer customers a marketplace where all stakeholders can meet and new partnerships and business deals can be made,” comments Torbjörn Johnsen. “Sweden and Finland have a special position with regard to the shift towards a biobased society and the driver of this development is the forest and forest industry. It feels totally right that we are now locating this new joint international event in Stockholm.”
For more information please contact:
+46 70 64 61 686
Adforum was founded in 1968 and is the world-leading organiser of exhibitions for the pulp and paper industry. Over the years the company has organised the world’s biggest pulp and paper exhibitions in Stockholm and Helsinki as well as in China and India. Adforum is owned by Stockholm International Fairs and The Finnish Fair Corporation.
Elmia AB in Jönköping is one of the Nordic region’s leading trade fair companies and annually organises a range of fairs in a variety of business sectors, including conferences, congresses and events. Elmia organises the world’s biggest international forestry fair, Elmia Wood, the Nordic region’s biggest forestry fair, SkogsElmia, and the international bioenergy fair World Bioenergy.
Elmia and DLG are starting a joint venture to establish a forestry fair in Romania. To be called Forest Romania, the fair will exhibit machines and technology in operation and will be held for the first time 16 – 18 September 2015. Elmia in Jönköping organises the world’s leading forestry fair, Elmia Wood. DLG in Germany organises the world’s leading agricultural fair, Agritechnica, plus other agricultural fairs in several countries.
“We want to establish this meeting place to help international manufacturers gain a strong foothold in this interesting market when the mechanisation of forestry operations really takes off,” explains Torbjörn Johnsen of Elmia. “But of course it will also be an important gathering place for everyone who works in the Romanian forest industry.”
Romania is the largest forestry nation in southeast Europe but some of its neighbours such as Ukraine also have sizeable forest resources. The region as a whole has high timber values but a low level of mechanisation. The work force is still inexpensive and felling is currently done using chain saws, simple tractors and skidders. Significant volumes are even skidded out with horses. Although a lot of the standing timber is still owned by the central and municipal governments, all logging work is now done by private independent contractors or timber buyers. The annual permitted felling volume is about 18 million cubic metres.
The fair will be located in the heart of Romania’s most densely forested region, near the city of Brașov in Transylvania. The forest administration in Tărlungen (Ocolul Silvic Ciucaş RA) is providing a good site which is equipped with excellent logistics and features forest conditions that well reflect those of Romania as a whole.
“This must be the European country with the toughest logging conditions you can imagine,” says Reiner Hofmann of DLG. “Steep terrain, large stems and a sparse network of forest roads place tough demands on technology and machines.
“Forest Romania will not be a fair for the broad mass of products and companies but rather only for companies that can offer solutions which work here,” he adds, mentioning as examples harvesters and forwarders suitable for steep terrain and modern skidders and cable systems.
The fair will be a joint venture between Elmia and DLG in which DLG’s Romanian subsidiary DLG InterMarketing will take care of the local arrangements whilst Elmia’s and DLG’s forestry specialists are responsible for the concept and contents.
For more information:


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China airs confession by detained blogger amid online rumor crackdown
BEIJING (Reuters) – One of China's best known online commentators appeared in state media on Sunday to admit to spreading irresponsible internet posts after China adopted tough measures to crack down on online rumors. People will be charged with defamation if posts online that contain rumors are visited by 5,000 internet users or reposted more than 500 times, according to a judicial interpretation issued this month by China's top court and prosecutor. …
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Let me make it clear about payday loans online Have ‘H >
Breaking Information E-mails
Payday lenders have actually opened store online вЂ” and thatвЂ™s created a set that is new of for borrowers, relating to a study from the customer Financial Protection Bureau (CFPB).
On line financing provides the convenience and privacy that can’t be matched by a storefront procedure. ThatвЂ™s why clients are going to your Web. The CFPB estimates that about 50 % the marketplace for these tiny вЂњcash advanceвЂќ or вЂњcheck loansвЂќ has become done digitally.
The bureau analyzed 18 months of information (2011вЂ“2012) on significantly more than 330 online lenders and discovered that there could be severe effects for many who cannot spend their loans back on time.
вЂњTaking out an on-line cash advance may result in security problems for a consumerвЂ™s bank account,вЂќ said CFPB manager Richard Cordray. вЂњBank penalty charges and account closures are a substantial and concealed expense to these items.вЂќ
Are pay day loans worth the expense?
Online loan providers challenge the CFPBвЂ™s findings, pointing out that theyвЂ™re according to old data.
вЂњIn the world that is fast-moving of lending, 5 years is a long time, which explains why a number of the findings in this report are away from date,вЂќ stated Lisa McGreevy, president and CEO associated with the on line Lenders Alliance (OLA) in a declaration.вЂњWe think that, in the event that CFPB had conducted its research making use of present information, there could have been an extremely various result.вЂќ
Pay day loans seem not so difficult
For a person who lives paycheck to paycheck, a high-interest cash advance could be the only method getting cash that is quick. Re Payment in complete is usually due from the borrowerвЂ™s next payday, however some payday loan providers now provide longer-term loans that are installment.
On line loan providers have actually immediate access with their borrowersвЂ™ checking accounts through the automated Clearing House (ACH) network. They normally use the system to deposit the loan electronically cash, then withdraw re payments when they are due.
вЂњTheir effortless way of collection means they will have considerable energy more than a bank that is consumerвЂ™s,вЂќ Cordray stated throughout a phone news briefing.
The difficulty comes as soon as the thereвЂ™s not enough money into the account to settle the loan вЂ” an all too common situation.
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The CFPB unearthed that 50 % of all payday that is online borrowers have actually a minumum of one debit effort that overdrafts or fails. These records had been charged on average $185 in penalty charges throughout the 18 months learned.
The bank can either make the payment and charge an overdraft fee, or deny payment and charge a nonsufficient funds (NSF) fee if thereвЂ™s not enough money in the account to cover the payment. If it occurs, the payday lender may tack on a belated cost, came back re re payment charge, or both.
Nonetheless it does not hold on there. In the event that initial ask for re payment fails, many loan providers will endeavour to get once again. Each effort can even result in more fees. The CFPB discovered that within one extreme instance a loan provider made 11 payment needs in a day that is single.
Some loan providers will answer a non-payment by divorce the total amount into a few smaller re re payment needs, and deliver all of them on a single time hoping to gather at the very least a few of their cash, based on the CFPB report. While one $300 payment demand you could end up one overdraft or NSF cost, three $100 demands you could end up three penalty repayments вЂ” about $34 each when this analysis had been done.
More Americans falling behind on automobile re payments
70 % of 2nd re re re payment needs to your exact same account fail, the CFPB found. Seventy-three % of 3rd re payment demands fail. Each effort from then on is also less effective.
вЂњOf course, lenders which are owed cash have entitlement to receive money straight straight right back, but we don’t wish loan providers to be abusing their access that is preferential to’s records,вЂќ Cordray stated. вЂњBorrowers must not need certainly to keep the unforeseen burdens to be struck over repeatedly with steep, concealed penalty costs which can be tacked on the price of their existing loans.вЂќ
Once again, the online financing industry claims the market isn’t as bad as the CFPB report makes it appear.
вЂњBank account overdrafts are a lose-lose for online loan providers and their customers,вЂќ Lisa McGreevy aided by the on the web Lenders Association (OLA) stated inside her declaration. вЂњInitiating a repayment demand against a free account with insufficient funds doesnвЂ™t help anybody: the financial institution will not receive money, in addition to customer is struck by having a $35 NSF charge by his / her bank.”
McGreevy stated brand brand new guidelines and OLAвЂ™s best techniques now prohibit splitting payments or resubmitting them from the day that is same.
A lender can shut a bank checking account if it offers a bad balance for too much time or the customer racks up too many penalty costs.
Getting booted from your own bank might have repercussions that are significant someone whoвЂ™s already economically stressed. They might never be in a position to start a merchant account at another bank or credit union, making these with no option but to utilize costly and time intensive check-cashing and bill-paying solutions.
Guidelines anticipated soon
Customer advocates have actually constantly https://personalbadcreditloans.net/reviews/dollar-financial-group-loans-review/ criticized payday loan providers for just what they think become predatory and practices that are abusive.
вЂњLike payday advances produced by storefront lenders, online pay day loans carry high interest levels, pull re re payments straight from a bank that is consumerвЂ™s and are also made out of small consideration of a borrowerвЂ™s power to repay,вЂќ stated Tom Feltner, manager of monetary solutions during the customer Federation of America. вЂњPayday loans result in long-lasting monetaray hardship and pile on overdraft as well as other fees that put borrowersвЂ™ economic protection at an increased risk.вЂќ


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Second Annual NERD party will be bigger and better than ever at the HQ. Great sounds from Dominic Monaghan, Kinect dancing, drink specials and more.
The Nerd Machine is ready to invade San Diego’s Gaslamp Quarter once again with an even bigger Nerd HQ. In partnership with Break Media, XBOX, and Vizio, Nerd HQ will be the highlight of the San Diego Comic-Con weekend.
The Nerd HQ has moved to the newly created Block No. 16 Union and Spirits. which has over 15,000 square feet of gaming, technology, and entertainment for visitors to enjoy.
The “Conversations for a Cause” panels are back as well and will feature some of your favorite Comic-Con icons. HQ will also be adding panels featuring gaming and technology. As always, 100% of the proceeds for the panels benefit Operation Smile.
Break Media will provide Live Streaming of all the panels and daily highlight videos to make sure fans stay informed. As a bonus, SPIKE TV will be broadcasting live from HQ on Friday and Saturday to their network and digital outlets.
Xbox, the gaming sponsor of the Nerd HQ, will once again fill the event with 40 gaming stations featuring the newest and yet to be released titles. Crystal Dynamics will debut the first playable demo of the completely reborn Tomb Raider franchise, exclusively at the HQ.
Vizio, the technology sponsor of the Nerd HQ, will provide Laptops, Tablets, and PC’s for fans to demo. Their monitors will fill the space and fans will get to see their newest 3D technology with exclusive content for Nerd HQ.
Our friends at Barco will be providing projection technology to create the largest 3D pixel mapping show in town.
We look forward to adding the “Conversations” and live events schedule to the site and we will make sure to give all the nerds a week to prepare before tickets go on sale.
“Viva La Nerdolution”


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Gigi Hadid Is Still Very Into Pajamas And Heels
While you were sleeping, Gigi HadidÂ was removing buttons from her loungewear and adding high heels, succumbing again to the pajamas-as-outerwear trend.
The model emerged from her apartmentÂ in New York City on Friday wearing the low-necked, high-waisted pajama setÂ of our most confusing dreams,Â along with some teetering white boots.
Itâ€™s not the first time sheâ€™s rocked sleepwear with heels.
Pajamas have been a fashion trend for several years now, but Hadid and her crew seem to be embracing loungewear extra hard lately, and theyâ€™re taking it to a new level by adding heels â€• something Selena Gomez was doing way back in 2015.
Not gonna lie, weâ€™d rather see some crisp, white sneakersÂ with these getups.
Even RihannaÂ recently fell for the PJs-and-heels trend, sporting a silky robe-style wrap and fluffy heeled sandals at this yearâ€™s Met GalaÂ after party.
No matter who tries it,Â we just canâ€™t get into this trend. But to each her own lookÂ — and to all, a good night.
This article originally appeared on HuffPost.


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(London – 04 November 2014) Jaguar has been named the Best British Luxury Brand at the prestigious Walpole British Luxury Awards in London. The awards are run by Walpole – a unique alliance of 160 British luxury brands that work together to promote British quality, design, craftsmanship, innovation and service around the world. Jaguar Land […]
Richard Gouverneur is the new Managing Director for Jaguar Land Rover South Africa and sub-Sahara Africa
New MD For Jaguar Land Rover South Africa And Sub-Sahara Africa Pretoria, 30 July 2014 – Richard Gouverneur is the new Managing Director for Jaguar Land Rover South Africa and sub-Sahara Africa. Gouverneur takes over the reins of the iconic British brands in Africa from Kevin Flynn.
Pretoria, April 15 2014 – Jaguar Land Rover South Africa and sub-Sahara Africa’s new Finance Director, Liaan Kretzschmar, joins the company with a wealth of financial experience in the motor industry – both locally and abroad.
JAGUAR ANNOUNCES DAVID BECKHAM AS BRAND AMBASSADOR FOR CHINA British sporting icon David Beckham to front new marketing campaign across China Jaguar commissions Peter Lindbergh for new Beckham campaign photography David Beckham has joined Jaguar as a brand ambassador and will support significant forthcoming Jaguar product launches in China. British sporting icon Beckham will feature […]
Wolverhampton, UK, Friday 14th February 2014 – Jaguar Land Rover welcomed the Prime Minister David Cameron to its world-class Engine Manufacturing Centre in the West Midlands. The Prime Minister was given a tour of the new plant where he saw the on-going installation of the manufacturing equipment first hand.
The Jaguar C-X75, the prototype state-of-art hybrid supercar, will make its Lancaster Insurance Classic Motor Show debut, as the centrepiece of the Jaguar Classic Parts stand. Held at Birmingham’s NEC from 15th to 17th November, the stand which is collaboration with Jaguar Heritage and will boast an impressive selection of classic and modern Jaguars. Jaguar […]
JAGUAR LAND ROVER ANNOUNCES PLANS FOR SIGNIFICANT INVESTMENT IN MANUFACTURING & PRODUCT DEVELOPMENT AT GENEVA MOTOR SHOW Increased investment at new Engine Manufacturing Centre UK to more than £500m Creating almost 1,400 new highly skilled engineering and manufacturing jobs at the plant Jaguar Land Rover will invest £2.75bn in product development which will support the […]
Gaydon, United Kingdom: Jaguar Land Rover, the UK’s leading manufacturer of premium vehicles, today recommended that the Government continues to support measures to enhance innovation and engineering skills to ensure Britain’s future manufacturing competitiveness.
Peter Peter Biven takes the helm of marketing and communications for JLR SA and SSA Pretoria, 18 February 2013 – Peter Peter Biven has been appointed Marketing and Communications Director for Jaguar Land Rover South Africa and Sub Sahara Africa (JLR SA and SSA).
A Letter of Intent signed between Jaguar Land Rover and National Industrial Clusters Development Program (NICDP) in the Kingdom of Saudi Arabia. Detailed feasibility study now underway to consider Saudi Arabia as a possible future location for a Jaguar Land Rover automotive facility. Exploratory discussions for partnership in Saudi Arabia follow Jaguar Land Rover’s recent […]
Whitley, UK: Jaguar Land Rover has appointed Fiona Pargeter to the position of Head of Global PR Communications, with responsibility for the company’s global PR strategy incorporating all product and corporate matters. She will join the Executive Committee of the company reporting to Jaguar Land Rover CEO, Dr Ralf Speth. The move is effective immediately.
1100 new jobs created to build new Jaguar models – including the new XF Sportbrake – at its Castle Bromwich manufacturing plant in the West Midlands Coventry, UK. Jaguar Land Rover (JLR), the UK’s largest automotive design, engineering and manufacturing employer, will expand its workforce at its advanced manufacturing facility in Castle Bromwich to […]
Jaguar Land Rover has appointed Ken Forbes to the position of Marketing Director, Jaguar Cars UK. The newly-created position is effective from 11 June 2012. Ken will assume responsibility for all marketing communication and product matters for Jaguar in the UK.
Jaguar today announces a new future-looking global marketing and brand strategy that will add fresh impetus to its evolving product-led revitalisation programme. Simultaneous with the unveiling of a new Jaguar logo and corporate identity, the launch of an innovative marketing campaign aims to increase awareness of the brand amongst a new audience in line with […]
27TH May 2011: Jaguar Land Rover today officially opens its first assembly plant in India. The facility at Pune in the Maharashtra region of India, will assemble Land Rover Freelander 2 vehicles supplied in Complete Knock Down (CKD) form from Jaguar Land Rover’s Halewood manufacturing plant in Liverpool, UK.
PRETORIA, SOUTH AFRICA – Jaguar Land Rover South Africa is pleased to announce the appointment of Kevin Flynn as the new Managing Director for Jaguar Land Rover South Africa and Sub-Sahara Africa. He will report to Mr Dmitry Kolchanov, Overseas Director, Jaguar and Land Rover.
Gaydon, Warwickshire, UK 16th August 2010 Frank Klaas has joined Jaguar Land Rover as Global Head of Communications. Klaas, who takes up his position with immediate effect, assumes global responsibility for communications and public affairs activities. He reports directly to Jaguar Land Rover’s Chief Executive Officer, Dr Ralf Speth.
Jaguar Land Rover South Africa has moved to a brand new corporate home. Following the sale of the Jaguar and Land Rover brands to the Tata Group last year, the newly formed Jaguar Land Rover SA vacated its Ford-managed premises in Silverton last week, and are now operating from their new offices located in Irene.
GAYDON, Warwickshire, 8 September 2008 – Jaguar Land Rover today welcomed a Government initiative aimed at encouraging and supporting UK manufacturing as being central to Britain’s future prosperity and urged its full implementation.
Reinhard Kuenstler, Director, Jaguar and Land Rover Overseas Operations is pleased to announce the appointment of Andrew Daniel as Managing Director, Jaguar and Land Rover South Africa. He succeeds Thomas Viehweg who from November 1st onwards will join Volvo as Regional President, Central Europe based in Cologne, Germany.
14 sep 2006 Reinhard Kuenstler, Director, Jaguar and Land Rover Overseas Operations is pleased to announce the appointment of Andrew Daniel as Managing Director, Jaguar and Land Rover South Africa. He succeeds Thomas Viehweg who from November 1st onwards will join Volvo as Regional President, Central Europe based in Cologne, Germany.


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Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics.
The year-over-year growth rate in the exchange rate-adjusted value of goods and services exported by the United States to China crashed in January 2018, which prompted President Trump to tweet, as many things do, the following comment on Twitter:
Here's the update to our chart tracking the year-over-year growth rate of trade between the U.S. and China showing the plunge:
We dug deeper into the U.S. Census Bureau's trade data for U.S. exports to China in January 2018, where we found the culprit responsible for crashing the year over year growth rate of U.S. exports to China: soybeans.
Compared to January 2017, when the U.S. sent over $1.937 billion of soybeans to China, in January 2018, the U.S. sent just a little over $1.244 billion, where that $693 million year over year decline more than accounts for the overall topline $237 million decline in U.S. exports to China in the year over year numbers. For reference, in January 2017, the U.S. exported some $10.072 billion worth of goods and services to China, while in January 2018, the U.S. exported a total of $9.835 billion.
Since we've already covered the story of what's really behind the reduction of U.S. soybean exports to to China following the 2017 harvest, we'll observe that one way that U.S. soybean producers can boost their numbers is to focus on improving the quality of their product and shipments.
But if President Trump really wants to reduce the trade deficit with China, a good place to begin would be to expand the range of goods and services that U.S. businesses export to China in larger numbers than they do today. Crude oil exports have been a good place to start, and without them, January 2018 would have been disastrous. Perhaps U.S. businesses with medical and surgical technologies to sell would be a promising area for expanding the breadth of U.S. exports to China. Or optical fibers. Or any one of several other U.S. product categories that proved to be unexpectedly popular with Chinese importers in January 2018. Instead....
In the both the ideal and in the real world, the correct goal is to expand the total volume of goods and services expanded between the two nations, where what the U.S. really benefits from a rising trend in the black line shown in the following chart.
How hard can it be? Or perhaps the better question to ask is: "How hard does it need to be?"


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Shan Kadavil, who spent early days of his career managing tech support firm Support and then heading India operations of gaming firm Zynga, says he had a calling of sorts when his son was born. Kadavil realized that much of the meat that sells in India is not exactly healthy. The perishables are loaded with chemicals to superficially extend their life by six months, if not more. He wanted to do something better.
Fast forward four years, Kadavil said today that FreshToHome, his new e-commerce startup that delivers “100 percent” pure and fresh fish, chicken, and other kinds of meat, has raised $11 million in Series A funding. The startup has raised $13 million to date.
The round was led by CE Ventures, with participation from Das Capital, Kortschak Investments, TTCER Partners, Al-Nasser Holdings, M&S Partners and other Asia and Valley based Investors. Some of the backers of FreshToHome include Rajan Anandan, the former head of Google Southeast Asia, David Krane, CEO of GV, and Mark Pincus, chairman of Zynga.
FreshToHome has already courted 400,000 customers across four cities — Bengaluru, NCR (Delhi, Gurgaon, Noida, Faridabad, Ghaziabad & Greater Noida), Chennai and Kerala (Kochi, Trivandrum, Calicut & Trichur) — in India. On the backend, the startup does business with 1,500 fishermen across 125 coasts.
In an interview with TechCrunch, Kadavil said the startup is trying to “Uber-ize farmers and fishmen in India. We are giving them an app — around which we have a US patent — for commodity exchange. What farmers and fishermen do is they bid with us (as mandated by local laws) electronically using the app.” By dealing directly with the source, the startup is eliminating as many as half a dozen middlemen to cut costs.
The startup has built its own supply chain network. “We have got a 1,000 people, 100 trucks, and 40 collection points.” The startup, which also uses trains and planes to move inventory, has become one of the biggest clients of airlines Indigo and SpiceJet, he added. Kadavil claimed that FreshToHome is also the largest e-commerce platform for meat with $1.73 million in GMV sales each month.
If this all sounds well strategized, it is because of the people who are running the show. Kadavil founded the FreshToHome with Mathew Joseph, a veteran in the industry who has dealt with fish export for more than 30 years. Joseph started India’s first e-commerce venture in fish and meat called SeaToHome in 2012.
FreshToHome has also emerged as a micro-VC to farmers where it is doing cooperative farming. In such model, FreshToHome guides farmers to use the latest technologies to produce certain kind of fish. As of today, the startup is seeing 60,000 kg (132,227 pound) of production in cooperative farming through its marketplace and over 400,000 kg (881,849 pound) of total products sold per month.
FreshToHome will use the fresh capital to expand its supply chain network, connect with as many as 8,500 new farmers, and start delivering vegetables. It already delivers vegetables in Bengaluru. Kadavil said the startup will also expand to two more cities — Mumbai and Pune.
FreshToHome will compete with a handful of startups, including Licious, which has raised more than $35 million to date, ZappFresh, and BigBasket, which just earlier this month raised $150 million. The cold-chain market of India is estimated to grow to $37 billion in next five years.
In a prepared statement, Tushar Singhvi, Director of CE Ventures said, “The Meat and Seafood segment in India is pegged to be a 50 billion dollar market, but we have to keep in mind that it’s a highly fragmented industry. FreshToHome.com is not only trying to streamline the industry, they’re also using technology to revolutionize the way the industry functions by disintermediating the supply chain, eliminating the middleman and working directly with the fishermen and farmers in a market place model, to make fresh and chemical free food accessible to the masses at large.”


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Los Angeles Times
The lines are growing at U.S. food banks
Working Americans burned by inflation are increasingly seeking assistance feeding their families.
PHOENIX — Long lines are back at food banks around the U.S., as working Americans overwhelmed by inflation seek assistance feeding their families.
With gas prices still high along with grocery costs, many people are seeking charitable food for the first time, and more are arriving on foot.
Inf lation in the U.S. is at a 40-year high, and gas prices surged from April 2020 until last month, with the average cost nationwide briefly hitting $5 a gallon in June. Rapidly rising rents and an end to federal COVID-19 relief programs have also taken a financial toll.
Food banks, which had started to see a reprieve as people returned to work after pandemic shutdowns, are struggling to meet the need as federal programs provide fewer items to distribute, donations from grocery stores wane and cash gifts don’t go nearly as far.
Tomasina John was among hundreds of people lined up in several lanes of cars that went around the block recently outside St. Mary’s Food Bank in Phoenix.
John said she had never before visited a food bank because her husband had easily supported her and their four children with his construction work.
“But it’s really impossible to get by now without some help,” said John, who traveled with a neighbor to share gas costs, as they idled under the scorching desert sun. “The prices are way too high.”
Jesus Pascual was also in the queue.
“It’s a real struggle,” said Pascual, a janitor who estimated he spends several hundred dollars a month on groceries for himself, his wife and their five children, ages 11 to 19.
The scene is repeated across the nation, where food bank workers predict a rough summer keeping ahead of demand.
The surge in food prices comes after state governments ended COVID-19 disaster declarations that temporarily allowed increased benefits under the federal Supplemental Nutrition Assistance Program, which provides food stamps that cover some 40 million Americans.
“It does not look like it’s going to get better overnight,” said Katie Fitzgerald, president and chief operating officer for the national food bank network Feeding America. “Demand is really making the supply challenges complex.”
Charitable food distribution has remained far above amounts given away before the pandemic, even though demand tapered off late last year. Feeding America officials say second-quarter data won’t be ready until August, but they are hearing anecdotally from food banks nationwide that demand is soaring.
The Phoenix food bank’s main distribution center handed out packages to 4,271 families during the third week in June, a 78% increase over the same week last year, said spokesman Jerry Brown.
More than 900 families line up at the distribution center every weekday for a government box stuffed with goods such as canned beans, peanut butter and rice, Brown said. St. Mary’s adds products purchased with cash donations, as well as food provided by local supermarkets — including bread, carrots and pork chops — for a package worth about $75.
Distribution by the Alameda County Community Food Bank in Northern California has ticked up since hitting a pandemic low at the beginning of the year, increasing from 890 households served on the third Friday in January to 1,410 on the third Friday in June, according to marketing director Michael Altfest.
At the largest food bank in the U.S., the Houston Food Bank, where distribution levels earlier in the pandemic briefly peaked at 1 million pounds a day, an average of 610,000 pounds is being given out daily. That’s up from 500,000 pounds a day before the pandemic, spokeswoman Paula Murphy said. She said cash donations have not eased, but inflation ensures that they don’t go as far.
Food bank executives said the sudden surge in demand caught them off guard.
“Last year, we had expected a decrease in demand for 2022, because the economy had been doing so well,” said Michael Flood, chief executive of the Los Angeles Regional Food Bank. “This issue with inflation came on pretty suddenly.
“A lot of these are people who are working and did OK during the pandemic and maybe even saw their wages go up,” Flood added. “But they have also seen food prices go up beyond their budgets.”
The L.A. bank gave away about 30 million pounds of food during the first three months of the year, slightly less than the previous quarter but far more than the 22 million pounds given away in the first quarter of 2020.
Feeding America’s Fitzgerald is calling on the U.S. Department of Agriculture and Congress to find a way to restore hundreds of millions of dollars worth of commodities lost with the end of several temporary programs to provide food to people in need. USDA commodities, which can represent as much as 30% of the food the banks disperse, accounted for more than 40% of all distributions in the 2021 fiscal year by the Feeding America network.
“There is a critical need for the public sector to purchase more food now,” Fitzgerald said.
Under the Trump administration, USDA bought several billions of dollars in pork, apples, dairy, potatoes and other products in a program that gave most of it to food banks. The Food Purchase & Distribution Program, designed to help farmers harmed by tariffs and other practices of U.S. trade partners, has since ended. There was $1.2 billion authorized for the 2019 fiscal year and $1.4 billion authorized for fiscal 2020.
Another temporary USDA program, Farmers to Families, provided more than 155 million food boxes across the country during the height of the pandemic before ending May 31, 2021.
A USDA spokesperson noted that the agency is using $400 million from President Biden’s Build Back Better initiative to establish agreements with states, territories and tribal governments to buy food from local, regional and underserved producers that can be given to food banks, schools and other programs.
For now, there’s enough food, but there might not be in the future, said Michael G. Manning, president and CEO of Greater Baton Rouge Food Bank in Louisiana. He said fuel costs make it far more expensive to collect and distribute food.
The USDA’s Coronavirus Food Assistance Program, which included Farmers to Families, was “a boon” for the Alameda County Community Food Bank, providing 5 billion pounds of commodities over a single year, Altfest said.
“So losing that was a big hit,” he said.
Altfest said as many as 10% of people seeking food are first-timers, and a growing number are showing up on foot to save gas.
“The food they get from us is helping them save already-stretched budgets for other expenses like gas, rent, diapers and baby formula,” he said.
Meanwhile, food purchases by the bank have jumped from a monthly average of $250,000 before the pandemic to as high as $1.5 million because of rising prices. Rocketing gasoline costs forced the bank to increase its fuel budget by 66%, Altfest said.
Supply chain issues are also a problem, requiring the bank to become more aggressive with procurement.
“We used to reorder when our inventory dropped to three weeks worth; now we reorder up to six weeks out,” Altfest said.
He said the food bank has already ordered and paid for whole chickens, stuffing, cranberries and other items it will distribute for Thanksgiving, the busiest time of the year.
At the Mexican American Opportunity Foundation in Montebello, east of Los Angeles, workers say they are seeing many families and elderly residents such as Diane Martinez, who lined up one recent morning on foot.
Some of the hundreds of mostly Spanish-speaking recipients had cars parked nearby. They carried cloth bags and cardboard boxes or shoved pushcarts to pick up their food packages from the distribution site.
“The prices of food are so high, and they’re going up higher every day,” said Martinez, who expressed gratitude for the bags of black beans, ground beef and other groceries. “I’m so glad that they’re able to help us.”


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C Spire Wireless now offering Samsung Galaxy S4
C Spire Wireless is the latest carrier to offer the Samsung Galaxy S4, having announced availability for July 8. Priced at $199.99 with a two-year service agreement, the smartphone is the same Android handset that is fast-becoming yet another best selling device for Samsung. Details include Android 4.2.2 Jelly Bean, a quad-core processor, 2GB RAM, a 5-inch 1080p HD display, and removable 2600mAh battery.
Look for the Samsung Galaxy S4 in Black Mist and White Frost at C Spire stores or online immediately.


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LAS VEGAS, June 2, 2022 /PRNewswire/ — Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, is being called one of seven franchisors in the country with diverse ownership that is positioned to succeed in any market.
Eric Stites, Chief Executive Officer of Franchise Business Review, provided Black Enterprise with a list of seven franchises that are the most diverse brands from his firm’s 2022 Top 100 Recession-Proof Franchises list.
“I would recommend any of the brands on our Recession Proof list, and these seven have the highest representation of Black franchise owners,” Stite says. Realty ONE Group is ONE of the seven with high franchisee satisfaction and higher than average Black ownership representation.
“It’s not by accident that we attract a diverse group of passionate entrepreneurs who embody our COOLTURE, purpose and values,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. “But more than that, we’re grateful that we can give them a business model and the support they need to build a legacy for their future generations.”
According to Black Enterprise and Oxford Economics, franchising has been popular among black entrepreneurs for years, with roughly 26 percent of franchises owned by people of color, versus 17 percent of independent businesses generally.
This year, Realty ONE Group was ranked a Top 100 Recession-Proof franchise by Franchise Business Review and the company claimed the No.1 spot for real estate franchisors on Entrepreneur’s highly competitive 2022 Franchise 500(R) List.
The UNBrokerage, as it’s known in the industry, now has more than 18,000 real estate professionals in more than 400 offices in 49 states, Washington D.C. and Canada and will be opening in Ecuador, Costa Rica, Italy, Singapore and Spain, in addition to the U.S. territory of Puerto Rico.
Learn more at www.OwnAOne.com.
About Realty ONE Group
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 18,000 real estate professionals in over 400+ offices across 49 U.S. states, Washington D.C., Puerto Rico, Canada, Italy, Spain, Singapore and Costa Rica. Realty ONE Group ranks in the top one percent in the nation by REAL Trends, has been recognized by Entrepreneur Magazine as a Top 5 Real Estate Franchise and has been on Inc. 500’s list of the Fastest-Growing Companies for seven consecutive years. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.


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The delivery of 10,000 or more electric vehicles every month in China, the world’s largest EV market, is always seen as a significant milestone. As we’ve entered December, Chinese EV companies released a report from their previous month’s achievements. And what a month it was! All three of the companies surpassed the 10k mark, and some of them set new benchmarks for future reference.
Xpeng Motors (NYSE:XPEV)
Let’s touch first on the most successful out of the three companies for this month – Xpeng. Amidst global supply issues and limited production, companies like BMW had to cut out touch screen functionality from its future models. Xpeng delivered 15,613 vehicles in November, which represents a 270% year-over-year increase. Half of the total number of sales belongs to the P7 sedan (7,839 units), making it still the most favored model. Combined with the last day in November, the company had sold a total of 82,155 from the beginning of 2021. That shows a 285% Y-o-Y increase. With increased sales, Xpeng has also been working on expanding its charging network. Up until this point, they’ve built 550 branded supercharging stations.
Li Auto Inc (NASDAQ:LI)
Li Auto also showed an immense improvement compared to its previous track record. With 13,485 deliveries of Li ONE in November, the company had a 190% year-over-year increase. What’s more interesting is that they only sell one model that belongs to the SUV class, unlike the other two that manufacture vehicles of different sizes.
“We set a new monthly record with over 13,000 deliveries of Li ONEs in November, making Li ONE the first domestic branded premium model priced above RMB300,000 in China to achieve the 10,000 monthly deliveries milestone. We are excited to see Li ONE emerge as one of the best choices for large SUV users and families in China. This impressive result reflects widespread user endorsement of our outstanding product features and performance, and we deeply appreciate our users’ recognition. Looking ahead, we will continue to create products and services that can delight our users and make ourselves proud,” -said Yanan Shen, co-founder and president of Li Auto.
This was a record month for Li Auto, beating the 9,400 vehicles delivered in August (previous record) by a mile.
Nio Inc (NYSE:NIO)
The third on our list, NIO, sold 10,878 vehicles in November, putting it at a 105% Y-o-Y growth. Out of that number, 4,713 units belong to NIO ES6, a five-seater smart electric SUV. This was a great recovery compared to October, where NIO sold only 3,667 units. Year-to-date in 2021, NIO has delivered 80,940 vehicles, a significant rise of 120% year-over-year. NIO has been perhaps the most innovative company out of the three, offering a social application for NIO users, styled clothing, and even food! Its stock, on the other hand, had a peak of $62 in February 2021, which almost halved in a matter of a month. The stock is currently trading at around $38.


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CLEVELAND—Saturday's art auction of work collected by Fair Finance co-owner Timothy Durham raised more than $400,000 — well above what the Akron company's bankruptcy trustee and even the auctioneer thought would be brought in.
A huge chunk of change was dropped by anonymous Bidder 78, who spent more than $267,000 via telephone bids on numerous works by contemporary artist Peter Max, prints by Picasso and other pieces. The bidder declined to be identified, other than to say he owns an art gallery in Florida and does business in England.
Net proceeds from the auction — which lasted more than three hours at Trinity Cathedral in Cleveland — will go into the estate of Fair Finance for eventual distribution to thousands of creditors.
The amount, while exceeding expectations, is a drop in the bucket compared with the more than $200 million that an estimated 5,300 Ohio residents had invested in the company, which is under investigation. In a court filing late last year, the U.S. Attorney’s Office in Indianapolis alleged Durham was operating a Ponzi scheme, using money from the sale of new investment certificates to pay off prior purchasers, but no chages have been filed.
Durham, the chief executive of movie firm National Lampoon Inc. who bought Fair Finance in 2002 with Indianapolis business partner James Cochran, turned over the art collection for the auction. The FBI, meanwhile, in the summer seized Durham's motor vehicle collection, which the bankruptcy trustee is also in the process of selling.
For the full Akron Beacon Journal story on the Durham art auction, click here.


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The Marvel universe is getting its own augmented reality game. Marvel World of Heroes was announced on Friday during Disney’s game showcase at its D23 2022 expo. The mobile game is being developed by Niantic, the company behind Pokémon Go, and is set for release sometime in 2023.
Much like Pokémon Go, Marvel World of Heroes will let players use their mobile devices for AR-based gameplay on the go. The game allows players to create their own superhero identity and take on powerful foes with friends. In the trailer we see players using a collection of powers that have become staples of Marvel comics including Thor’s hammer Mjolnir, Cyclops’ lasers, and Doctor Strange’s sorcery.
But you’ll have to have more than your real-life friends to stop the Marvel Universe’s biggest villains, which is why Marvel World of Heroes will also let players team up with some of the most famous characters in the Marvel Universe and work together to defend Earth.
Just like Pokémon Go, players will have to explore real-world areas and complete certain tasks in order to unlock certain things in the game, including equipment and abilities.
While the game doesn’t have a definitive release date yet, players can pre-register on the game’s website now for a chance to participate as early as possible.