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Polychem chose Earth Day, April 22, 2021, to unveil its new name, new brand and business strategy. The company, best known for its end-of-line packaging solutions, is now Greenbridge, a name that speaks to both its portfolio of products and services, many of which are made of 100 percent recycled material or involve recycling, and its new strategy to help major companies meet circular economy goals, reduce reliance on landfills and address Environmental and Social Governance (ESG) goals.
The new Greenbridge brand also is reflective of the company’s “can do” problem-solving attitude across its team, from the frontlines of its manufacturing operations to its sales team across North America to the company’s leadership. The company’s Evergreen Plastics Division has been rebranded as Evergreen, reflecting Greenbridge’s commitment to “growing green” internally and with customers, and will soon embark on a major expansion of its rPET manufacturing capacity.
Greenbridge CEO Omar Abuaita says America’s renewed emphasis on the environment has struck a chord with consumers who want more accountability from the companies they support. Recognizing an opportunity to bridge the gap from current operations to a true circular economy model inspired the organization to lean into its strengths in recycling, reuse, and sustainable business practices to bring comprehensive sustainability solutions to customers in packaging, consumer and industrial products. Driving awareness required a rebrand of the company.
“Greenbridge has manufactured strapping and cord products since 1974. Here are some little known facts about our company. We recycle more than one billion PET (polyethylene terephthalate) bottles a year and we produce 40 million pounds of rPET (recycled polyethylene terephthalate) used to create new bottles and containers for food, beverage, health and beauty, and other products. We also reclaim and recycle hundreds of tons of waste each year that would have gone into landfills, or even worse, into oceans,” Abuaita explains.
“Now, as Greenbridge, we’re bringing nearly 50 years of experience in recycling and sustainability to major companies that recognize the need for real change in their operations to meet circular economy and ESG goals and expectations. We can and are currently helping brands achieve measurable results,” he adds.
Greenbridge’s sustainability solutions begin with a thorough audit of a customer’s manufacturing operations to identify opportunities to reduce waste, incorporate more recycled content in their products, reuse certain products, and refurbish equipment. Greenbridge will also implement the customer’s sustainability program, including collecting recyclable materials to reduce dependence upon landfills and associated costs. Each customer engagement includes specific goals and metrics that can support corporate ESG initiatives.
As Greenbridge, the company will continue to supply the North American market with a fully integrated portfolio of end-of-line packaging products including polyester, polypropylene and steel strap and cord; tools, equipment and systems; equipment repairs and services; recycled polyethylene terephthalate (rPET); and recycling programs.


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42% of Pay TV Customers Say They Need it for Live Sports, News
While over-the-top (OTT) services deal with problems of quality and latency, a white paper suggests they need to conquer a deeper problem of perception. According to research sponsored by Telaria and Adobe Advertising Cloud, 42 percent of pay TV subscribers believe they need to keep their service for access to live sports, news, and events. However, even if they did learn that several streaming plans offer live local broadcast channels, they still wouldn't know how to proceed: 55 percent of pay TV customers find cord-cutting options too confusing.
"There is always a learning curve associated with new consumer technology. Solving for awareness moves the consumer partially up the adoption curve, but driving demand still requires promoting benefits and ease of use to force a behavioral change," the paper says.
If the industry can solve this knowledge gap, it stands to win plenty of new customers. The report says 51 percent of current pay TV customers are satisfied with the price they pay, while 77 percent of live streaming OTT customers say the same. Also, 30 percent of pay TV customers would cut the cord if they were assured they could live stream sports, news, and events, while another 40 percent would consider doing so.
The report's data comes from an online survey of 750 U.S. adults conducted in April and May of this year. For more, download "Inside the Minds of Cord-Cutters and Cable-Keepers" for free (no registration required).
For two-thirds of sports fans, their devotion has a financial limit of $39 per month. Two-thirds refuse to pay more than that for content from their favorites teams.
The network will join ABC, CBS, Cheddar, and others in providing an ad-supported live news option for viewers who don't have pay TV.
The Ocean Cleanup has begun the final phase of plan to clear away the Great Pacific Garbage Patch, and many saw it live thanks to a collaboration with LiveU.
When video content became available for streaming on a variety of devices, viewers were simply excited to have access and to consume programming even if the quality was lower than traditional broadcast.
While the U.S. and U.K. are the dominant mature OTT markets, other countries—especially China—will see stronger growth in the years ahead.
While the top three most popular OTT services will stay the same, a report sees niche video services finding an audience.
Consumers now expect near-broadcast quality from OTT, whether it's live or VOD. It's more important than ever for providers to analyze and mointor their streams and to act quickly when problems arise.
Households with 3 or more OTT subscriptions are the fastest growing category, reveals Parks Associates research, as streaming becomes mainstream.

domain: news


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Gen Z gets real, flees traditional social media platforms for more authentic upstarts
"Zoomers," the cohort born between 1997 and 2012, are the only generation to report a reduction in the use of old standbys like Facebook, Twitter, and Instagram, citing a lack of trust as one of the major reasons why.
In recent years, Generation Z, the demographic cohort born between 1997 and 2012, has become the only generation to report a reduction in the use of traditional social media platforms like Facebook (Meta), Twitter, and Instagram, citing a lack of trust as one of the major reasons why.
Although Gen Z, sometimes referred to as "zoomers," has reported less use of traditional social apps, TikTok remains exceptionally popular with the demo. This, perhaps, has something to do with TikTok’s algorithm, which, according to digital entrepreneur AJ Kumar, was built on an "interest graph." TikTok, he explained, works by taking a user's interests and content they interact with, capturing their likes and dislikes, and then associating the user with user groups comprised of others who share similar interests, writes Kumar.
TikTok is more tailored to content, while the likes of Instagram revolve more around paid ads, according to digital marketing, design and entrepreneurship blogger Darya Jandossova Troncoso. More traditional platforms have been accused of being designed to keep people in their echo chambers. TikTok doesn’t appear to do this (of course, more serious criticisms have been leveled against the Chinese app).
Moreover, Facebook, Instagram, and Twitter — created in 2004, 2006, and 2010, respectively — lack the newness of TikTok, an app that was created in 2016 but only gained worldwide popularity in 2018 and notoriety in 2021.
Gen Z don’t just find older platforms uncool, they also find them inauthentic — conduits for artificiality and unrealistic beauty standards. As Axios reported last year, Gen Zers are rejecting and reproaching traditional social networks for failing to reflect their interests.
Gen Z, it appears, is changing the way we communicate. Fed up with the endless chasing after likes, shares and new followers — not to mention the deleterious effects of these platforms on their mental health — zoomers are embracing new apps that focus more on simple content creation.
Take BeReal, for example, a photo-sharing company that asks users to literally "be real." This realness involves users posting an unfiltered photo of themselves every 24 hours. "Every day," according to the app's website, "at a different time, everyone is notified simultaneously to capture and share a Photo in 2 Minutes."
BeReal offers a "new and unique way to discover who your friends really are in their daily life," the app boasts. The app doesn't deal in likes or followers, and there are no ads. Fittingly enough, there are no filters either.
Created in 2020, supposedly to spread a more positive message, BeReal is now incredibly popular. With its focus on honest representations of real life, it has quickly grown to become Gen Z's favorite app. BeReal now has 10 million daily users, most of them under the age of 25 and residing in the U.S. In fact, two-thirds of the app's unique visitors are between the ages of 18 and 24.
Other new apps attracting zoomers with a focus on authenticity include SideChat, Poparazzi, and Locket. The first is an app that allows users to sign up with their university email addresses and write anonymous posts visible only to students who attend the same educational institute. Poparazzi, meanwhile, is a photo-sharing network that allows friends to act as each other's paparazzi. User profiles are built not by themselves but by their friends. Finally, Locket is a free app that encourages users to add photos to their friends' homescreens. Members of Gen Z, it appears, can’t get enough of Locket.
But don't write traditional social media's obituary just yet. As a recent piece in Wired noted, Meta, Twitter, and other stalwarts will inevitably respond to this seismic shift.
"As they continue to lose users to the disruptors putting genuine connection first, we can expect to see these social giants expand their product features and reshape themselves in these new players' image," wrote venture capitalist Sonali De Rycker, highlighting the fact that "Instagram has already launched a BeReal-style 'Dual Camera' feature."
In 2020, YouTube, in direct response to TikTok's success, created Shorts, a short-form way for creators to share content in 60-second bursts. Shorts was first launched in India as a beta test after TikTok was banned there. Since then, YouTube's vertical video creation has skyrocketed in popularity. Shorts claims 1.5 billion monthly viewers, 500,000 more than its rival TikTok.
Traditional Big Tech platforms are nothing if not resilient. They are no doubt assessing what the likes of BeReal and similar apps are offering, and planning new ways to compete with and best the competition.
The fight for Gen Z's attention is far from over.
The Facts Inside Our Reporter's Notebook
- work "hustle culture"
- a reduction
- a lack of trust
- digital entrepreneur AJ Kumar
- according to digital marketing, design and entrepreneurship blogger Darya Jandossova Troncoso
- have been accused
- in 2018
- failing to reflect their interests
- the deleterious effects
- positive message
- favorite app
- under the age of 25
- between the ages
- focus on authenticity
- allows friends
- it appears
- first launched
- vertical video
- claims 1.5 billion monthly viewers


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The July Raleigh SEO Meetup was our first attempt at an "Ask Us Anything" panel. The idea is to allow people to ask experts questions that have been stumping them.
We were lucky enough to have some of the smartest people in the world available. The participants were split between live at the event (hosted by our friends at Atlantic Creative) and dialing in via Google Hangout.
Jim Tobin, founder of the original social media company, Ignite Social Media. Jim's company helps some of the biggest brands in the world thrive on social media and generate real ROI from their presence there.
Shannon Mølhave, is a leading voice in the Triangle web design community. As a web designer and front-end developer, Shannon is passionate about creating positive user experiences across all digital platforms.
The evening's moderator and technical trouble shooter was Google+ expert Mark Traphagen. Mark stepped in to cover for me since I was out of town at the Search Exchange conference in Charlotte.
Jon Henshaw joined via Google Hangout. Jon is the Co-Founder & CMO of Raven Internet Marketing Tools for SEO, Social Media and Paid Search. Jon is well respected throughout the internet marketing community for his great insights, hard work and top-notch skills, not to mention his company's great tool set.
Ashley Berman Hale also joined in from Colorado via the Hangout. Ashley is the original organizer of the Raleigh SEO Meetup! Ashley spends her days as a marketing manager for Cisco, but loves SEO so much that she dedicates crazy hours to answering questions in Google's Webmaster Forum, so much so that she was tapped to be a Top Contributor.
There was some technical difficulties with the bandwidth during this event, but the information exchanged was excellent. This was one of those Meetups that could have gone on for hours with all the great questions.
Some of the questions were submitted before the event, the Google doc is still available here
Some of the questions:
How much should I pay for a website? Shannon says it's a tough question to answer, because a website can be almost anything. For a basic site from a freelance developer, you should start thinking around $3,000. Budget can go up from there.
How does a retired academic market a book on LinkedIn? Jim answered that you need to contribute to your community so that people can recognize your expertise. Jim was also asked about his new book, Earn It, Don't Buy It.
Any insights on video sitemaps? Ashley answered that video sitemaps are akin to regular content sitemaps in that they just list out the videos so that the search engines can find all your videos, but has no impact on how they rank.
Can you talk about no longer being able to scrape Google SERPs for rankings? Do you think it's part of a bigger Google goal to stop people from obsessing about keyword rankings? Jon replied that he doesn't think it's Google worried about keyword obsession, but more concerned with everybody and their brother scraping the SERPs. Jon went on to mention that Raven Tools made a strategic, long-term business goal to switch over to the AdWords API. He also talked about Google moving towards a unified API to allow people access to everything or nothing. Google is starting to set things up in a way that will make it impossible to do anything against their terms of service since they will be able to cut you off in one fell swoop.
Jon went on to explain that way back in the old days Google allowed rankings to be tracked via a Google API, and Raven Tools was one of the first apps to take advantage of that. Google eventually cut that access off to everyone using that API. Most tool makers at that time went to a manual scrape of the actual search results, which is technically against Google's terms of service.
Do you think using a double opt-in hurts usability? Shannon hasn't seen much official data on that, but as a UX expert she likes the idea of making sure people are actually interested in receiving your information.
Do you think we are at "Peak Facebook"? This is a great answer from one of the premier Facebook marketers (at 28:44 in the video). Jim's short answer is, "yes". He thinks we are at peak Facebook right now. Teenagers are no longer into Facebook. Adults are now saying they're not getting as much from it as they once did. Jim talks about when Facebook used to talk about the holy grail of advertising - where they would know so much about you they could pinpoint relevant ads at people... that never materialized. Facebook doesn't even talk about that any more, they talk about re-marketing, just like everyone else.
Jim thinks that Facebook will stay as the central platform because everyone is already on it. Jim also talks about the future of Google+ is promising but it's a little slow on the up take. Calls the integration of Local and Maps and Business as a game changer.
A follow up question came in about ranking within local search and maps. Mark talked about the newest feature for local search, the carousel. I then added the loss of query information when you use the carousel.
Jim takes a question about social media marketing in general. He talks about the overwhelming amount of work that is involved when compared to traditional push marketing.
Can I wait out a Google manual penalty, will it eventually just go away? Ashley Berman Hale answers that you can actually wait it out, but it may be a long wait and there is a good chance that it will be reapplied if you haven't cleaned up the mess that caused the penalty.
Online vs. Off-line marketing? Jim grabbed this one and talked about his own focused strategy that was based on how his company wanted to be viewed early on. It needs to be a mix of hard work online since most people start decision making on Google with live appearance thrown in where appropriate.
Follow up was about where are the best places to post content, Facebook, Google+ etc? Jim explains that at Ignite they think about the platform last and use Forrester's POST methodology.
What are some of the factors that can cause you to find yourself penalized by Google. When you ask yourself am I doing this to manipulate the rankings as opposed to am I doing this to delight my visitors.
Follow up question was about PR releases and article marketing. Ashley explains that you are rarely doing these because you think they are awesome, you're doing them for links. That's not viewed as helpful by Google.
What is the future of link building? Ashley says you shouldn't be "building" links, you should be "earning" links.
Two domains linked together, is that a problem? Jon gives the short answer - not a problem. Two domains aren't a problem. Google is only concerned when there are a bunch (think 20) domains linking together in an attempt to manipulate the SERPs.
Should I build a community online? Jim says only if it makes sense. Mark agrees. Don't build a broad community, build one that is hyper-focused on exactly who you want to connect with. Do something you're great at.
Another follow-up is about garnering reviews for your business. Jim mentions a company called zuberance.


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Eyesight in the news
New founders on the block: 6 Colorado entrepreneurs under 25
Since launching Eyesight Collective’s first products late last year, the company has evolved from a creative agency to an edtech company, creating online courses designed to inspire, educate and inform young entrepreneurs. Hurwitz founded the company when he was 20...
Founded by CU-Boulder students, Eyesight Collective takes a multimedia approach to inspiring and encouraging students along their paths to entrepreneurship and leadership. They launched in 2016 with a video series featuring a number of leaders from Colorado's tech community, and they've since expanded to include webinars, podcasts and mentor-driven workshops...
Many young people have killer ideas for new products, disruptive services and helpful innovations, but can easily get discouraged as the realities of adulthood settle in. Sometimes, they can’t find the tech to support their project, or they struggle with investment, or they just don’t think all the trouble is worth it.....
Created to inspire young people on their path to entrepreneurship, Eyesight Collective launched in October. The company is founded by CU-Boulder students and began with a video series profiling different entrepreneurs from Colorado’s community. Since then, Eyesight Collective has expanded to include a webinar series and an in-the-works online program with lessons, quizzes and a built-in community...
- Eyesight Collective is an online learning platform helping students and recent graduates learn real-world business skills, helping them land their dream job or start their own company.
- Eyesight Creative was founded in April, 2015 by Jake Hurwitz. The company has morphed from a creative agency into what Eyesight Collective is today.
- Eyesight courses features top industry leaders to share their stories and experiences as a means of educating and inspiring students.
- The Eyesight community is a private networking group for students, mentors and industry leaders to connect.
- Eyesight Collective was founded by Jake Hurwitz and Nathan Moses in August, 2016, the summer before their senior year at the University of Colorado Boulder.
- #1A1A1A - Dark Grey
- #AB8850 - Gold
- #F2F2F2 - White
For media and press inquiries, please contact Jake:


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The chemical industry held its act together in 2007. With prices up and trade in chemicals especially strong, most world regions saw production grow. But economic conditions such as rising raw material costs and the falling dollar began to have a noticeable effect.
Companies in the U.S. and Europe that had enjoyed a slight break from high costs in 2006 found that profits were squeezed again in 2007. Demand, however, remained strong. Chemical shipments increased 9% in the U.S. and 6.5% in Europe.
Producer prices were up slightly across the board, especially for petrochemicals, as companies sought to pass cost increases along to customers. But the biggest price increases were for agricultural chemicals, which experienced both increased raw materials costs and a large boost in demand. In the U.S., prices for agricultural chemicals rose by 14.5%.
The falling dollar had a large impact on trade balances in the U.S. and Europe. A boom in U.S. plastics exports powered a chemical trade surplus for the first time since 2001. Meanwhile, the strong euro made exports from Europe expensive compared with chemicals priced in dollars, and many countries there saw exports go down.
In Asia, China continued to be the main story. Chinese imports of chemicals went up 22% to more than $68 billion, while exports surged 35% to $51 billion, significantly shrinking that country's chemical trade deficit.
One bright spot was the increase in capital spending in the U.S. and Europe—even as companies faced a cloudy outlook for the global economy. R&D spending was mixed, however, and employment fell in the U.S., Europe, and Canada.


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737 Ultimate migrates to Threshold forum
One of the X-Plane community's favourite freeware projects; the 737 Ultimate, has been migrated to the Threshold forum. After the beta release in April, the 737U was suspectly removed from X-Plane.org and was available only through the 737U Discord server which has led to much confusion. The move to the Threshold forums also coincides with the latest release of the 737, which introduces several new features and bug fixes.
To celebrate the new partnership, developer AudiobirdXP has released a sneak peek at the future of the 737U project - check out the new roadmap:


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Verizon Wireless confirmed the Ellipsis 7 tablet earlier in the week. At the time they offered some basic details in terms of specs. Verizon also revealed the pricing and release date. So with that, and as expected, the Ellipsis 7 has officially arrived for purchase and sits priced at $149.99 on a two-year agreement.
2013 Nexus 7 tablets with Verizon's LTE will probably have to stretch that patience a lot longer. Verizon is now practically passing the buck to Google and Asus for an almost indefinite delay in resolving issues with the latest Nexus tablet and the carrier's LTE network.
a price cut for the Moto X. The price was cut in half dropping from $199.99 on a two-year agreement down to $99.99 (still with a two-year agreement). This price drop hit several carriers and also included those purchases made through the Moto Maker customization site. Though, the Moto Maker remained exclusive to AT&T. The catch was, not all carriers lowered the price at the time.
Galaxy Note 3 has proven to be a solid handset in terms of hardware and software, that is of course, assuming you are looking for an oversized smartphone. But while the experience has been good for most, there have been some complaints. As of today though, it looks like Verizon is addressing two issues -- connectivity and sound.
Verizon looks just about ready to begin pushing out another update for those carrying either a DROID ULTRA or a DROID MAXX. This latest update isn't one that will likely be considered major, however there are a few notable items in the changelog. To begin with though, this update will take both devices to software version 12.15.10 and both will be getting goodies to include connectivity improvements.
Verizon Wireless has officially announced the Ellipsis 7 tablet. The announcement is light on the hardware specs, however Big Red is touting this one as being a "fully featured tablet at an affordable price." Said price will be $249.99 and those curious can expect the tablet to be available in a few days time.
Verizon Moto X has been proven possible in the past, however a patch for a previous exploit was released with a recent over-the-air update. But in the always fun to watch game of cat and mouse, the rooting community has stepped forward with another option for Verizon Moto X users looking to have a rooted handset. This one comes by way of jcase and will work even with the most recent camera software update in place.
Android 4.4 Kit Kat, Google offered some details in terms of which Nexus devices were going to get an update. That list included the usual suspects such as the Nexus 7 and 10 tablets as well as the Nexus 4 smartphone, however there was one device left missing -- the Galaxy Nexus. Basically, the Galaxy Nexus has reached the end-of-line in terms of updates.


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Ikea to close stores
Ikea is to close all of its UK and Irish stores later today.
Its branches will close at 6pm.
‘These are extraordinary times, and our absolute priority is to ensure the health and safety of our customers and co-workers. We have listened carefully to them, to the advice of the UK and Ireland governments, and have been closely monitoring the situation as this evolves. This is the right decision for us to take at this point. We look forward to welcoming our customers back to our stores in the future,’ says Peter Jelkeby, Ikea country retail manager.
The chain had previously closed its restaurants, cafes, bistros and outdoor playground facilities.
Customers will continue to be able to shop online and able to request contact-free deliveries if they prefer.


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The market may be trading lower today, but one group of shares is falling more than most – the cannabis companies.
In early afternoon trade the cannabis industry is a sea of red as investors head for the exits in their droves.
Here’s a summary of how pot stocks are performing today:
The Althea Group Holdings Ltd (ASX: AGH) share price is down over 2% to 45.5 cents.
The Auscann Group Holdings Ltd (ASX: AC8) share price has tumbled 5.5% to 25 cents.
The Cann Global Ltd (ASX: CGB) share price has fallen 6% to 1.6 cents.
The Cann Group Ltd (ASX: CAN) share price has crashed 11% to 88 cents.
The MMJ Group Holdings Ltd (ASX: MMJ) share price is down 5.5% to 17 cents.
Why are cannabis shares crashing lower?
Whilst a series of disappointing quarterly update from North American cannabis companies appears to be weighing on investor sentiment again this week, one particular piece of news seems to be hurting some companies more than most.
According to MarketWatch, Aurora Cannabis reported a sharp quarter on quarter decline in revenue during the September quarter.
It also advised that it plans to halt construction at one of its cannabis-growing facilities in Denmark and delay completing the final construction and activation of its Aurora Sun facility in Canada.
This follows its monitoring of demand for cannabis products in Canada and elsewhere around the world. Unfortunately for the industry, the demand just isn’t as strong as many were expecting.
This could be particularly bad news for Cann Group. It is constructing two massive facilities in Victoria and has close ties with Aurora Cannabis.
In March it announced a five-year agreement with the Canadian cannabis giant for the offtake of medicinal cannabis produced by Cann at its existing and planned expansion facilities until 2024.
However, whether Aurora will have any use for this supply is up in the air given the softening demand and oversupply of product.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.


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Steve Adubato and his Co-Host Mary Gamba are joined by Shané Harris, VP of Social Responsibility & Partnerships and President of The Prudential Foundation, to discuss the importance of philanthropy and leadership.
Steve Adubato is joined by Sakina Pitts, Principal of Newark School of Fashion and Design, to discuss their partnership with the Parsons School of Design and the impact of creating fashion with a purpose.
Understanding Cost Per Enrollment to justify digital investment and effective strategies is how higher education grows in spite of difficult market conditions.
There are some strategies that businesses can adopt to help stay competitive in the market and overcome today's tough economic climate.
Steve Adubato sits down with David E. Jones, Ed.D., Chief Diversity Officer at NJIT, to discuss the culturally sustainable programs that are encouraging diversity and inclusion at NJIT.
Vintage City, a blossoming urban center, is set to become the top destination for professionals, residents, and food enthusiasts in Union County and beyond. As the first all-inclusive luxury concept in Union County, Vinty offers the best new coworking space in New Jersey at Vintage City Offices, luxury living in the 267-unit Vinty apartment building, and diverse cuisine at the new culinary hotspot[...]
Steve Adubato is joined by Christopher Paladino, President of the New Brunswick Development Corporation, to highlight the initiatives that are underway at DEVCO and the thousands of jobs that will come from it.
Delaware Statutory Trusts are becoming increasingly more prevalent among real estate investors for the purposes of 1031 exchange. Directing proceeds from the sale of a property toward the purchase of a beneficial interest in a DST will yield immediate and significant tax savings – but not without risks to consider.
Steve Adubato sits down with a panel of business professionals to examine the challenges small businesses face in South Jersey. Panelists include: Max Gomez, Owner, Amp’d Fitness Christina Renna, President & CEO, Chamber of Commerce Southern NJ Karen Primak, CEO of IPAK.
Steve Adubato is joined by Jeffrey Spivack, Director of Financial Planning Operations at Citizens Bank, to discuss financial literacy and budgeting during these challenging economic times.
New Jersey is managing a challenging economic landscape as a result of rising interest rates, concerns about inflation and uncertainty about the future. Managing a business during this environment requires strategic financial planning and understanding the landscape. Steve Vitale, Valley Bank’s Regional President, Commercial Banking shares tips for success.
Carolyn M. Welsh, President & CEO of NJ Sharing Network, sits down with Steve Adubato to highlight the significant number of organ and tissue donations, misconceptions, and the need for diverse donors.


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Three auto bills become one under Tesla’s new plan.
Making AI more predictable is the first step in building that trust.
Elon musk expects his vehicles to disrupt the automotive industry.
A body of laws and ethics for autonomous vehicles must be developed, because they will be much safer, but nothing is perfect. What will that look like?
Think you have what it takes to beat Tesla’s Autopilot? Here’s your chance to prove it.
Full autonomy couldn't come at a better time.
We can't save everyone, but who should we save?
Your car may be able to drive itself by summer.
Tesla moves one step closer to an autonomous LA to NYC drive.
The cars will be tested on California and Arizona roads.
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British car manufacturers vrooom ahead of European rivals
A surge in new car sales has accelerated Britain’s motor manufacturers ahead of their European rivals.
While sales continue to decline on the Continent, at home they have risen for 18 consecutive months, with September set to follow suit.
‘It’s going to be a bumper month,’ said Jonathan Visscher of the Society of Motor Manufacturers and Traders.
Young and beautiful: Singer Lana Del Ray with Jaguar's new F-Type
‘There is always a massive demand in September with the new registration coming out, but this time sales are being driven by the confidence shown by the increase in house prices, meaning people are happier spending money than they were before.
'Plus, people have received compensation payments for bank mis-selling and there is the fact that the UK is not battling with the instability of the euro, unlike other countries.’
The Frankfurt Auto Show, one of the biggest events in the industry calendar, begins tomorrow and a major theme is expected to be the rise in green cars. Jaguar will also be showing off its new highly acclaimed F-Type as well as its new C-X17 concept car.
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UPDATE (November 15, 2016): A spokesperson for Estée Lauder confirmed the news to Allure this morning—specifically, that Estée Lauder Bought Too Faced for a whopping $1.45 billion—along with the finalization of its purchase of Becca Cosmetics. Both companies "complement their existing brand portfolio through their distinctive positioning," a point that was elaborated on in a call with financial investors this morning.
Likewise, Too Faced co-founders Jeremy Johnson and Jerrod Blandino, were feeling the love (and, I can only imagine, the $1.45 billion). “We are delighted to be joining forces with The Estée Lauder Companies as we continue to drive Too Faced’s dynamic growth,” the duo said in a release. “We started our careers behind the counters of the Estée Lauder brand, so this is truly a ‘homecoming’ for us.”
Pretty cool they started out at the beauty counter, right? Just goes to show you that pursuing your passion—even a tongue-in-cheek, sassy AF makeup line with products that are literally Better Than Sex—can really pay off. In other words: keep dreaming.
Originally published November 14, 2016.
I know you guys love Too Faced—I mean, why wouldn't you, with its cute packaging and all? (Need proof? PBJ and Peach, right this way.) Turns out we're not the only fans—beauty giant Estée Lauder is, too. And on the heels of the recent acquisition of Becca Cosmetics (along with L'Oreal snagging It Cosmetics for a cool $1.2 billion), my jaw dropped when I first learned that Estée Lauder bought Too Faced Cosmetics to the tune of $1.4 billion. What's more is that this is the largest financial acquisition the Estée Lauder has ever taken under its wing—even with an already impressive range of brands including Origins, M.A.C., La Mer and Clinique—according to the news first reported by WWD.
All of the Latest Things Too Faced:
While I was surprised, this was actually all a well-crafted plan courtesy of Estée Lauder, of course. So just as they announced the purchase of Too Faced, they finalized their deal on Becca Cosmetics—which they paid an estimated $230 million for—in an effort to attract the always-sexy millennial audience. Being a (not necessarily sexy) millennial, you've got my attention.
“The acquisition of Too Faced is complementary to our portfolio of brands because it has a unique feminine and Millennial communication focus, which is really complementary with very little cannibalization with the rest of our makeup portfolio,” Fabrizio Freda, president and chief executive officer of, told WWD. And I couldn't agree more, to be honest: The fun, carefree attitude of Too Faced's products are undeniable, and its cofounder, Jerrod Blandino, continues to keep us chomping at the bit with his trademarked #sneakypeeks at upcoming products. And this particular #sneakypeek, you guys, is a game changer.
Blandino, who takes to Instagram frequently to give a #sneakypeek to upcoming goodies (including the latest, the Natural Love palette), spoke out about the exciting news in an IG video, though its since been deleted.
Allure has reached out to both Too Faced and Estée Lauder for comments and will update this post as information comes in.
See what's inside Diane Lane's makeup bag:


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- Bitcoin needs to be price $400,000 primarily based on its finite provide and worth in contrast with gold, Guggenheim’s Scott Minerd informed Bloomberg on Wednesday.
- “Our elementary work reveals that bitcoin needs to be price about $400,000,” he mentioned. “It is primarily based on the shortage and relative valuation resembling issues like gold as a proportion of GDP.”
- His feedback got here on the day bitcoin crossed $20,000 for the primary time.
- Watch bitcoin trade live here.
- Visit Business Insider’s homepage for more stories.
The digital asset rose 6%, to round $22,497, as of 8.22 a.m. GMT on Thursday, bringing its year-to-date return to only over 200%. Bitcoin rose above the $20,000 level for the primary time in historical past solely a day in the past, that means that its value gained 12% in two days.
The availability of bitcoin is proscribed to 21 million, giving it its anti-inflationary trademark. The token’s shortage along with the Federal Reserve’s “rampant cash printing” recommend its value ought to rise to $400,000, Minerd informed Bloomberg.
“Our elementary work reveals that bitcoin needs to be price about $400,000,” he mentioned on Bloomberg Tv. “It is primarily based on the shortage and relative valuation resembling issues like gold as a proportion of GDP.”
Learn Extra: Fund manager Brian Barish has returned more than 550% to investors over 2 decades, and he just had 2 of his best years ever. He told us how he did it – and 3 top picks for the next 5 years.
Lots of bitcoin’s attributes are much like gold, and it additionally has an uncommon worth when it comes to transactions carried out, he mentioned. Minerd’s feedback echo these of an incoming Senator Cynthia Lummis who thinks bitcoin is a better store of value than paper money due to its finite provide. The Senator-elect plans to show Congress the right way to use bitcoin to cut back US nationwide debt when she assumes workplace in January.
Guggenheim is among the many institutional gamers which can be validating bitcoin’s legitimacy as a reserve asset. The agency final month filed to order the correct for 10% of its $5.3 billion Macro Alternatives Fund to put money into the Grayscale Bitcoin Belief, a bitcoin-focused funding automobile.
Three main gamers are holding up the large curiosity round bitcoin this yr. That may be pinned all the way down to enthusiasm from institutional buyers, Wall Avenue professionals, and retail investor participation, in line with Garrick Hileman, head of analysis at Blockchain.com.
Based on Hileman, as many as 100 million individuals personal crypto property.


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Posted November. 02, 2005 05:07,
Chinese authorities banned the import of 10 Korean products, including kimchi, hot pepper paste, bulgogi seasoning paste, and others, citing that parasite eggs were found in them.
However, Korean manufacturers of those products said, We did not export kimchi to China, making the issue more complex.
Some say China imposed the ban on Korean-made products in retaliation against a series of announcements by Korea stating that harmful materials were found in Chinese foods.
Chinas General Administration of Quality Supervision Inspection and Quarantine announced on October 31 that it would stop the import of the 10 Korean products, and it posted on its website the names of the affected Korean food products including seven kinds of kimchi, two kinds of hot pepper paste, and one kind of bulgogi seasoning.
In addition, it ordered a quarantine organization under the administration to return the disqualified Korean food products to Korea or burn them and temporarily stop the import test for the products.
However, the Korea Food and Drug Administration (KFDA) said, This year, 16 tons of kimchi were exported to China, but Dongwon, Doosan, CJ, Pulmuone, and Doturak did not export kimchi to China.
These companies also made the same argument.
The Korean government said, The measures taken by China should be respected if the Chinese announcement is true. In order to make certain of the Chinese argument, we will receive related data from China and examine them.


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Huawei will bring HarmonyOS to phones – could this end its Android nightmare?
Hauwei has confirmed its homegrown HarmonyOS operating system is coming to smartphones, potentially signalling the end of the company’s fraught reliance on Google’s Android.
During its annual developer conference, the Chinese manufacturer revealed the second iteration of HarmonyOS and hinted at plans to launch handsets on the platform in 2021. Initial plans are to launch a beta version of the HarmonyOS 2.0 SDK for use in television sets and smartwatches, similar to the tack Samsung has taken with Tizen. However, the smartphone version of the SDK will be out before the end of the year, CEO Richard Yu said (via The Verge).
Interestingly, Huawei also looks to be mirroring Google’s approach with Android by putting Harmony into the open source community, allowing third-parties to build on top of it. Perhaps one day that might see it become a true rival to Android.
Related: Best Android phone
Huawei may have done this anyway, given its status as one of the most successful mobile manufacturers in the world, especially in the Far East where it is a dominant player.
However, plans may have been expedited given how difficult life has become in terms of getting the best out of Android, due to restrictions on US companies dealing with their Chinese counterparts. The company is also beset by lingering, yet unproven, allegations it uses a vast global mobile infrastructure network to conduct espionage on behalf of the Chinese government.
The firm’s top phones currently run the open source version of Android, but minus all of the bits that really bring it to life. There’s no access to Google Mobile Services, which means no stock apps, or the Play Store. That makes its phones a tougher sell for Android users who want easy access to Google Maps, YouTube, Gmail and all the other bells and whistles
Huawei has done what it can, but it’s been clear for a while that HarmonyOS will emerge as an alternate option for the firm. However, given the lack of success new operating systems have been in rivalling iOS and Android in recent history, the number one option for Huawei will be probably be a return to the status quo.


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The operator of Costa Concordia has offered passengers 11,000 euros in compensation.
Survivors who suffered no physical harm can get a payout for lost baggage and psychological trauma after the cruise ship ran aground off Tuscany.
As many as 3,200 passengers may benefit after negotiations with industry groups.
Roberto Corbella, who represented Costa Cruises during the talks, said the discussions were very complex because they involved passengers of 61 different nationalities.
He described the agreement as “generous” and said the offer would simplify the settlement process.
Passengers can also claim the full cost of their cruise, and any travel and medical expenses.
Unsatisfied customers will have the right to pursue legal action.
It is estimated that the crash could cost the Concordia’s owners are much as 75 million euros.
Shares in Carnival, the parent company of Costa Cruises, have fallen by 16 percent since January 13th.


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Trucking Facts: Looking to the Future
Did you know, if you combined all of the cargo delivered by diesel trucks last year, you would create a chain that would run from the Earth to the Moon over eleven times?The above is one of several statistics published in the American Trucking Association (ATA)s American Trucking Trends. American Trucking Trends is the ATAs almanac, which is released every year for those in the business of trucking and freight transportation.
Bill Graves, President and CEO of ATA, comments this report shows once again what a critical role trucking plays in the U.S. economy. Trucking continues to move the most, and most valuable, freight in the United States despite the challenges of congestion, regulations and crumbling infrastructure.
Need any replacement parts for your diesel engine? At HHP we have ASE Certified Technicians on staff that can help you get the right parts for your engine!
Trends in the Trucking Industry:
Here is more information on trucking and freight transportation from the ATAs American Trucking Trends:
- Trucks moved 11.49 billion tons of freight in 2018. This accounts for over 71% of the total tonnage of freight in the nation.
- Revenue in America that comes from trucking was reported as $796.7 billion in 2018. This represents an increase of 14% from the revenue in 2017.
- Freight trucking has also increased across borders. Total trucking freight between the U.S. and Canada has increased up to 3.6%. Total trucking freight between the U.S. and Mexico is up over 10%.
- The trucking industry was able to create approximately 100,000 jobs in 2018.
- Small companies make up a large portion of the trucking industry. 97.4% of fleets have 20 trucks or fewer with 91.3% of fleets only having 6 trucks or fewer.
Trucking and the Environment:
Trucking engines have made great improvements in becoming more environmentally-friendly since 2003.
These engines have seen an 88% drop in sulfur dioxide emissions, as well as a 48% decline in nitrogen oxide emission and a drop of 32% in particulate matter.
Graves also stressed the importance of maintaining Americas highways, stating that It is fitting this report is being released at the start of Infrastructure Week. Our industrys growth in the face of continued road and bridge deterioration has been amazing, but it is time for our elected leaders to do their part to ensure that the highways we use to move Americas goods safely and efficiently are in good condition.
Infrastructure Week was established with the intention of finding ways to bring an outdated transportation network into modern day, by bringing together a wide variety of business groups and organized laborers. It coincides with Congress progress on a new bill for surface transportation funding.
Originally Posted June 6, 2014; Edited February 6, 2020


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Guns N’ Roses Member(s) to Sit Down With Mitch Lafon This Weekend!
Rock journalist Mitch Lafon posted on Twitter that he will be interviewing Guns N’ Roses this weekend! He himself admitted that he won’t know who he’ll be talking to. He said he would find out today. The interview will be released on June 11th. Some people are speculating it’ll either be Axl Rose, Slash or Duff McKagan so they can promote the upcoming Appetite for Destruction box set. Perhaps the box set is not selling as well as they hoped and that’s why they need to do some press for it. As we get more information we’ll keep you guys updated!
Interviews this weekend…
Guns N’ Roses… is next!
— Mitch Lafon (@mitchlafon) May 26, 2018
CNBC Thinks Appetite for Destruction Reissue Will Sell Well
Thanks to Zeeshan for this article. CNBC published an article talking about the $1,000 US Appetite for Destruction Locked N’ Loaded Box Set. You can check out the article here
Some notable quotes from the article include:
“Guns N’ Roses has gobs of fans across the globe who were teens or of college age during the band’s heyday,” said Rafe Gomez, co-owner of VC Inc. Marketing.
Armen Shaomian, a professor of entertainment at the University of South Carolina, pointed out that fans used to paying scalpers for last minute concert tickets may not even bat an eye at the set’s price.
“Fans pay well over $1,000 on either secondary premium tickets or for those V.I.P. experiences that many bands offer,” he said.
“It’s no doubt a high-priced item, but this is more of an experience being purchased as opposed to just another collector’s box set,” Somach said. Consumers should get used to seeing more such high-end collector’s sets. “These kinds of products will become more commonplace as acts look to market their legacy,” he said.
Guns N’ Roses’ album “needs to be viewed as a one-time experience as opposed to a deluxe edition package,” Somach added.
The band’s enduring popularity suggests there’s fertile ground for uber-fans – such as New York resident Steven Jacobson — eager to get their hands on the ultimate commemorative album, regardless of the price.
Jacobson, president of Hopkinson Real Estate, has seen the band over 200 times, met its members and owns copious amounts of rare memorabilia. He’s already preordered his “Locked N’ Loaded” copy, which he told CNBC was an opportunity that couldn’t be passed up.


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China to be world’s ‘anchor of stability’ to counter rising protectionism: Li Keqiang
Echoing President Xi Jinping at Davos, premier says China will stay the course of economic openness and globalisation
Premier Li Keqiang pledged that China will give the world “an anchor of stability” by maintaining domestic reform and championing economic openness, amid a rising tide of protectionism.
Li’s comment is the latest effort by Beijing to call for openness and defending globalisation, in stark contrast to US President Donald Trump’s “America first” agenda.
“This is a testing time,” Li wrote in latest edition of Bloomberg Businessweek. “Above all, we remain convinced that economic openness serves [the interests of] everyone better, at home and abroad.”
“It’s far preferable for countries to trade goods and services and bond through investment partnerships than to trade barbs and build barriers.”
The remarks echoed President Xi Jinping’s speech at the World Economic Forum in Davos earlier this month, in which he said globalisation should not be blamed for the Syrian refugee crisis and financial problems.
Xi’s speech and Li’s article contrast with the protectionist sentiments and domestic focus of the newly sworn-in US president.
Trump, on his third day in office, signed an executive order to pull out of the Trans-Pacific Partnership, a trade deal spearheaded by his predecessor Barack Obama that included 12 Pacific Rim countries excluding China after eight years of hard negotiations.
China is widely considered to be a major beneficiary of economic globalisation. Since its accension to the World Trade Organisation in 2001, its export-oriented growth model lead the country’s economic take-off in the first few years of the new millennium to become the world’s top exporter.
During the presidential campaign, Trump threatened to label China a currency manipulator and slap a 45 per cent tariff on all goods of Chinese origin.
Although the Trump administration has yet to address China issues, his decisions to withdraw from TPP, revoke Obamacare and build a wall along the Mexican border point to further trade frictions, if not a full-scale trade war.
“Should differences arise, it behooves us all to discuss them with respect and a keen sense of equality,” Li wrote.
Amid such global uncertainties, the Chinese premier pledged to “offer an anchor of stability and growth with [a] consistent message of support for reform, openness and free trade”.
The Chinese government is expected to maintain a growth target of about 6.5 per cent this year, after securing a “healthy 6.7 per cent” in 2016, and will continue its structural reform to find new engines of growth.
The country will “open new sectors”, “widen access” and “ensure all businesses registered in China are treated equally”, Li said.
It has started a negative list for investment in its several free-trade pilot zones, which will be extended nationwide in the future.
China is also expected to push forward the Regional Comprehensive Economic Partnership, a China-led trade block, and its One Belt, One Road initiative to advance trade and investment.


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Across the globe, the pace of change is accelerating, driven by data flows and digital innovation. Singapore is called to embrace this digital economy, and the the possibilities and benefits it will bring.
Driving this national movement for digitalisation, is the Infocomm Media Sector(ICM) Industry Transformation Map.
The ICM Industry Transformation Map is created for more than our sector. It is set to multiply growth across every sector, by leading the way in preparing Singapore for the Digital Economy.
1. Guiding companies from all sectors to adopt technology
IMDA is working with sector leads to develop industry digital plans that will make it easier for SMEs everywhere to adopt digital technology to boost growth and productivity.
2. Investing and building capabilities in frontier technologies
Tech such as AI (Artificial Intelligence) hold untapped business opportunities for our nation. IMDA is adopting a holistic approach to catalyse, synergise and boost Singapore’s AI capabilities.
3. Strengthening a vibrant core of ICM professionals and companies
An infocomm media skill is a career anywhere. The ICM ITM includes initiatives to prepare our people for new ICM job roles in the digital economy, and offer support to raise local digital champions.
The ICM Industry Transformation Map is expected to achieve a compound annual growth rate of around 6% for the industry, and create more than 13,000 net PMET jobs by 2020. And promises to be the first step in our nation’s journey to be a digital economy.


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The owners of Tower Liquors in North Branch have been attempting to sell the business and transfer its liquor license for more than two years.
At the Monday North Branch City Council meeting, those efforts finally came to fruition.
The council voted 4-0—Councilmember Kathy Blomquist was absent—to allow owners Kathy Peterson and her husband to sell the business to Sergey Nazaranka and his company, BKAHA TLNB Inc.
The Petersons previously had a purchase agreement with Jerry’s Foods, the entity that owns County Market, but the sale never happened.
Kathy Peterson told the council in a letter the purchase agreement had been terminated, and City Attorney Thomas Miller told the council he saw “no liability issues” in allowing the liquor license transfer from Tower to BKAHA TLNB Inc.
“It’s about time,” Councilmember Theresa Furman said.
Also during the meeting, the council authorized the fire department to purchase a used fire truck.
The vehicle, a 1990 E1 Hurricane 95-foot platform truck, is currently in Union Grove, Ala. As part of the purchase agreement, the city agreed to send someone to go retrieve the truck.
The price of the truck is $99,900. The city will finance the purchase via equipment certificate and funds from the Fire Relief Charitable Gambling Association and money from the city’s municipal liquor store fund.


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|Capcom plans to reveal Flock at E3|
|Posted: 09.07.2008 10:38 by Jamie Davey||Comments: 0|
Capcom has announced its list of games for this years E3 summit, and at the very bottom of the list is mention of a new “super-secret project” called Flock that will we won't know anything about until it's officially revealed at E3.
Capcom's E3 2008 line-up:
• Street Fighter IV: Final arcade code running on arcade machines.
• Resident Evil 5: Game of show?
• Dark Void: Playable and "Snazzed up" since CAPTIVATE08.
• Bionic Commando: New areas and enemies, now playable on console!
• Mega Man 9: Put on your retro hats and prepare for a major challenge.
• MotoGP '08: This year's instalment of the fastest-growing motorsport on two wheels. Xbox 360 version to be demoed.
• Neopets Puzzle Adventure: Puzzle adventure game created by the guys who brought you Puzzle Quest.
• Super Street Fighter II Turbo HD Remix: A new batch of characters will be selectable for hi-def brawling.
• Plunder: Something new is happening.
• Bionic Commando Rearmed: It's almost out, and is showing it one last time.
• New games-on-the-go from Capcom Interactive - mobile
• Plus a new super-secret project, Flock!
When Flock is revealed, we will have coverage on Strategy Informer.


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Reebok has always done their part to speak up for marginalized groups throughout history, and the past few years have been no different. This week, the British brand teased a collection supporting female empowerment, titled “It’s a Man’s World”.
The female empowerment movement has massive strides in recent years, drawing more awareness than ever to inequalities throughout the world, particularly in the world of sports and sportswear. While not a solution to the problem, Reebok has decided to let their voice be heard through a new collection of footwear titled the “It’s a Man’s World” project.
The “It’s a Man’s World” Collection consists of three total footwear silhouettes pulled from Reebok’s beloved archives. The Club C 85, Workout and Freestyle Hi will all be present, each constructed from beautiful panels of smooth off-white leather and bold blue Reebok branding. Red accents can be spotted around the shoes in the form of stitching and hangtags, as well as the line that crosses out the phrase “It’s a Man’s World” on each heel.
REEBOK “IT’S A MAN’S WORLD” COLLECTION RELEASE INFO
Reebok’s new “It’s a Man’s World” campaign will launch globally next week on September 1st, 2019. The project, which includes the Club C 85, Workout, and Freestyle Hi, will be priced between $70 and $95, each at their standard retail price, launching from both Reebok and select retailers. Check out the official images below for a better look, and stay tuned to JustFreshKicks for more Reebok release news.
Reebok “It’s a Man’s World” Collection
Release Date: September 1st, 2019
The post Reebok Supports Female Empowerment with the New “It’s a Man’s World” Campaign appeared first on JustFreshKicks.
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Price Chopper and Market 32 grocery stores have begun efforts to support local animal shelters by collecting pet food and other pet supplies that are in high demand.
“Though pets are often beloved members of the family, some animals need help finding their forever homes and families,” said Mona Golub, vice president of public relations and consumer services. “This campaign will help provide support to the local Humane Societies and shelters throughout our footprint that answer that call. And all donations will stay in the areas where they are made.”
The fundraising and collection efforts will go through April 30th, customers will be given the opportunity to place items into collection bins that are located in the front of the store.


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COLUMBUS — Appalachian Ohio and rural areas in the western part of the state appear to be at higher risk of suffering from a lack of access to reasonably priced, nutritious food, according to a new Ohio State University analysis.
The term “food desert” describes areas that have limited access to healthy, fresh food. It is often used in an urban context to describe areas where major grocery store chains have abandoned large portions of low-income communities.
But rural areas are also prime areas for food deserts, said Jill Clark, director of Ohio State University’s Center for Farmland Policy Innovation.
To answer a call by the Ohio Food Policy Council to learn more about Ohioans’ access to affordable, healthful food, she and graduate students Francis Muamba and Nathaniel Betz studied access to retail grocery stores in their report, Food Access Gaps in Rural Ohio.
Rural vs. urban. “Nearly 45 percent of Ohioans live in rural areas, but, in Ohio and even nationally, there have been very few studies examining rural food deserts,” Clark said. “It’s important to look at, because the issues regarding access are different in rural areas, and the strategies required to address those issues will be different from those designed for urban areas.”
The report is available online at http://cffpi.osu.edu/fooddeserts.htm.
To conduct the analysis, the researchers used a unique way to measure distance — instead of using straight-line “as the crow flies” measures, they used GIS road network technology to estimate drive-time.
“That’s incredibly important when studying rural areas,” Clark said. “Road networks are not as dense, and it may take much longer to get to a location than might be evident on a map.”
In examining access to retail food outlets, they included supermarkets, corner markets, and other grocery and convenience stores.
Farther from store
Among their findings: 24 percent of rural Ohio households live outside of a 10-minute drive to a retail grocery store of any size, and 75 percent live further than a one-mile walk. Of the rural Ohio households living within a 10-minute drive to a food store, 3.8 percent do not own a vehicle.
Rural Ohioans who live outside of a 10-minute drive to a retail grocery store tend to have lower per capita incomes ($22,371 vs. $23,105) than those who live closer to grocery stores.
Most rural communities have limited public transportation systems that would enable people without their own cars to get to a grocery store. The report describes two case studies, in Marion and Gallia counties, that outline how limited access to public transportation affects access to food.
Competition between large supermarkets, which can keep food prices lower, is unusual in rural areas; only 29.5 percent of rural households are in areas where there is more than one food store with more than 40,000 square feet.
Those stores are more likely to have a larger selection of fresh fruits and vegetables. (“Big-box” stores are normally more than 100,000 square feet.)
In some areas, access to fast-food restaurants is easier than access to grocery stores: 24.6 percent of rural Ohio households live within a 10-minute drive to a fast-food restaurant, but not a large supermarket.
This report is extremely beneficial, said Amalie Lipstreu, senior program manager for Sustainable Agriculture at the Ohio Department of Agriculture.
“It’s a critical piece of the puzzle, showing the need to increase food accessibility in rural areas, especially in Appalachia Ohio,” Lipstreu said.
“It’s what we need to move forward with the Ohio Neighborhood Harvest initiative.”
The initiative, announced during Gov. Ted Strickland’s 2010 State of the State Address, is aimed at designing a statewide strategy to improve access to Ohio-grown products and affordable, healthy food to people in every neighborhood in Ohio.
Lipstreu, who is also coordinator of Ohio’s Food Policy Council, said she hopes local Food Policy Councils that are forming throughout the state can take the report’s findings to address issues faced in their local communities.
“The whole idea of ‘food deserts’ is kind of abstract, but it describes the need that healthy food has to be locally available and affordable,” she said.
Her office is also working with the Ohio Department of Health to do baseline mapping of food deserts in urban areas of the state.
For more information on Ohio’s Food Policy Council, see http://www.agri.ohio.gov/divs/FoodCouncil/foodcouncil.aspx. For more information on the Center for Farmland Policy Innovation, see http://cffpi.osu.edu/.
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Rahul Chandra, MD, Helion Venture Partners has floated a new venture capital fund called Unitary Helion. It will focus on deals in the financial technology space. Unitary Helion will be a $100 Mn fund and plans to make the first close of the fund by October 2017 at about $40 Mn and will start investing.
Besides family offices, the fund is in talks with “several strategic investors in the financial services space and banks” to raise the initial corpus. The firm plans to add another partner and a principal after the first close.
With Unitary Helion, Chandra plans to invest in early-stage startups. It aims at building a portfolio of 18 to 20 companies by investing $2 Mn-$5 Mn on an average. The fund will invest about half of the corpus in the fintech space, targeting companies that are building different types of payment layers upon which lending services can be built up. Other areas of focus will be digital marketplaces in areas like agriculture, logistics, and healthcare.
Rahul Chandra has roped in Jonathan Hsu, Head of Data Science at Silicon Valley-based venture capital firm Social Capital, as a special advisor. Hsu will help Unitary Helion, which also plans to appoint a data science head, to build in-house data analytics tools for all vertical focus areas. Other advisors on board also include Sanjeev Aggarwal and Ashish Gupta.
Rahul’s move to go solo comes, after Helion Venture Partners, which raised over $600 Mn in funds has stopped new investments since last year. This was because its team decided to go their separate ways. Helion had announced plans to raise its fourth fund of $300 Mn in early 2015, but those plans were put on hold after three of its partners left to form investment firm Stellaris Venture Partners.
Here’s a look at the exodus from Helion over the years:
- In 2014, Kanwaljit Singh, another Helion founding partner quit. He started Fireside Ventures focussed on consumer investments.
- It was in early 2016 that Ritesh Banglani, Alok Goyal, and Rahul Chowdhri split from the firm to start their own venture capital firm, Stellaris Venture Partners. Stellaris announced a first close of $50 Mn in February 2017. The firm plans to raise $100 Mn for its maiden fund. This month, it has raised $10 Mn from investment firm International Financial Corporation (IFC), a member of the World Bank Group. The firm has invested in Bengaluru-based SaaS-based performance support startup Whatfix and Gurugram-based mobile B2B marketplace Wydr this year.
- In July 2016, another senior executive at Helion, Dhruv Kapoor, left the firm to join Sistema Asia Fund.
- Senior Managing Director Sanjeev Aggarwal is setting up a venture capital firm with Infosys co-founder Nandan Nilekani to invest in more mature startups, while Ashish Gupta, another senior Managing Director plans to continue making seed investments in a personal capacity. Both Aggarwal and Gupta have worked with Chandra for over a decade and the trio will also continue to manage Helion’s existing portfolio of 35 companies.
Founded in 2006, Gurugram and Mauritius-based Helion Venture Partners is early to mid-stage India-focused venture fund. It invests in technology-based businesses such as ecommerce, online services, mobility, enterprise software and outsourcing. Till date, the firm has partnered with over sixty companies including Housing.com, redbus, MakeMyTrip, TaxiForSure, and Komli.
Rahul Chandra was one of the co-founders of Helion Venture Partners in 2006. Before Helion, he was working in Silicon Valley-based venture capital firm Walden International, prior to which he worked as a banker at Lazard India. Having an experience of 17 years in the venture capital business, Chandra has backed over 30 startups, including legal process outsourcing firm UnitedLex, smartphone-based payments device maker Ezetap and travel app RailYatri.
(This development was first reported in Mint.)


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VSPN, Versus Programming Network, a Chinese eSports startup company, announces that it has raised $100m in its series B funding round. The funding round was led by Tencent Holdings, followed by other investors Tiantu Capital, SIG (Susquehanna International Group), and Kuaishou, with Lighthouse Capital acting as a financial advisor for VSPN. This is one more evidence that the esports and gaming industry is booming even during the pandemic.
After being founded in 2016, the company became one of the first pioneers of eSports tournament organization. VSPN provides gamers with a platform to host and joining esports gaming tournaments and allows content creators to build an audience. It has now expanded towards other businesses, including offline venue operation and esports commercialization.
The CEO of VSPN, Ding Ying, stated that “We are delighted to announce this latest round of funding. Thanks to policies supporting Shanghai as the global center for esports, and with Beijing, Chengdu, and Xi’an expressing confidence in the development of esports, VSPN has grown rapidly in recent years. After this funding round, we look forward to building an esports research institute, an esports culture park, and further expanding globally. VSPN has a long-term vision and is dedicated to the sustainable development of the global esports ecosystem.”
The company also added that it would shift focus to build an eSports short-form video ecosystem, improve its potential for eSports content creation, and reach more gamers through different channels.
Tencent’s efforts to promote Esports
General Manager of Tencent Esports, Mars Hou, mentioned, ”VSPN’s long-term company vision and leading position in esports production are vital for Tencent to optimize the layout of the esports industry’s development.”
It was hinted that Tencent might invest in VSPN back in March when the COO, Mark Ren, of Tencent said publicly that Tencent would provide more high-quality esports competitions in conjunction with tournament organizers like VSPN.
Tencent has been working for the growth of esports despite already being the biggest publisher in the world. In August, Tencent proposed and consolidated a merger between Douyu and Huya, the two competing sites in video game live streaming.
Tencent also announced a $500 million entity for its gaming business, Penguin Esports.
Featured image: VSPN


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The biggest electric vehicle (EV) giant in the world, Tesla has recently registered as a company in India. It plans to start selling its Model 3 very soon in our market. Tesla has been trying to enter the Indian market for a long time now but somehow was not able to materialize the plans. In fact, it took advance booking amounts from customers back in 2016 but the delivery status is still unclear even today. But looking at the growth of the Indian EV market, Tesla has decided to go ahead with the plan to enter this booming market. It doesn’t want to be late for the party. But this entry will certainly not be easy and even after getting the products to our market, Tesla might face some serious issues. Let us take a look at what challenges will Tesla encounter.
Autonomous Driving Technology and Infrastructure
Now, all of us have seen those videos online where drivers have been caught sleeping while their Teslas are taking them to work. Of course, that is not the way to use autonomous driving technology but that is not the point here. Teslas are able to drive themselves only because there is proper infrastructure in place. For example, the marking on the roads, the traffic signs and signals and relatively expected road conditions lend very well to complement the autonomous technology. Now, if we were to apply that technology to India, it might not really work. How many of our roads are properly marked? How many of our roads have proper signs and how many people actually follow them? Not to mention the conditions of roads are not ideal with potholes and wild animals entering the scene at any time.
Also read: Where will Tesla fit in Indian EV market?
What is important to notice here is that technologies and features like these are what makes Tesla so successful in the first place. If we were to take these factors out of play, what could be the selling point of Tesla in India. Of course, the brand name and image carries a lot of value in our market. But then again, only a handful of people will actually be willing to buy into the brand name alone. Having said that, Tesla products are well established globally for a reason. They do offer a great driving experience and features to keep you comfortable and pampered. That could still drive Tesla’s sales forward.
Also read: How is electric market evolving in India!
High Costs due to lack of localization
In a price-conscious market like ours, people do want to get the maximum value for their money. It is not that Tesla is expensive without any value, but the problem arises when Tesla starts to import its products here. This attracts import taxes of upto 105% or even higher. This doubles up the cost of any vehicle when compared to the prices in the US, for instance. Elon Musk has already raised concerns about the import duties by the Indian government even on the EVs and has stated this as a reason for not entering our market earlier. However, the government is trying to set up the infrastructure and incentivize the customers to enable quick adoption of the EVs. Tesla would ideally want to set up its factory in India and localize the components to bring the costs down. But until then, the prices will continue to be a concern for the EV giant.
These are some of the major challenges that await Tesla, once they officially start their operations in India. Whether or not Tesla is confident enough to remedy these hindrances remains to be seen. Tesla has hinted that it will launch its Model 3 in India this year itself. We expect it arrives on our shores before mid-2021.


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Ohio-based Ultimate Air Shuttle announced it will resume flights between Cincinnati and Cleveland, departing from Lunken Airport.
The premier jet service, which offers public charter flights between Atlanta, Charlotte, North Carolina, Chicago, Cincinnati, Cleveland and Nashville, Tennessee, previously suspended operations due to the COVID-19 pandemic.
Since 2009, Ultimate Air Shuttle has offered charter services on 30-seat aircrafts for Fortune 500 companies, sports teams, group travel and casino trips. As a result of the pandemic, many of Ultimate Air Shuttle’s partnered corporations issued travel bans which led to a decrease in demand for its services.
As the company eases back into business, it will resume operations between “the Nati and the Land.”
Weekday flights start at $214 and include free snacks, free drinks and free bags.
For more information and to book flights, visit ultimateairshuttle.com.


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BATON ROUGE, La. — BATON ROUGE, La. (AP) - Louisiana turtle farmers are providing research money to the LSU AgCenter in its effort to convince federal agencies that baby turtles are safe as pets and should be allowed in interstate commerce.
The Food and Drug Administration banned interstate sales of pet baby turtles in 1975 because of fears of salmonella. Since then, LSU AgCenter researchers have been working with turtle farmers to try to get the turtles approved for commerce.
AgCenter Associate Vice Chancellor Phil Elzer said the state's turtle industry has struggled for years because of the ban.
AgCenter scientists have developed methods for treating turtle eggs to assure newborn turtles are more than 99 percent salmonella free. But government officials remain concerned the small turtles could become salmonella carriers.
The turtles-as-pets business started in the 1930s when rural Louisianians gathered turtle eggs in the wild, then hatched them and sold the baby turtles to pet stores. By the 1950s, farmers were building ponds at swamp edges, keeping the adult turtles in captivity and harvesting the eggs.
The latest AgCenter research includes evaluating methods for packaging and transporting baby turtles, feeding turtles with beneficial bacteria that can counteract salmonella and developing methods for making turtles reproductively sterile, Elzer said.
Curtis Colson, a research associate in the AgCenter School of Animal Sciences, is working to identify and control salmonella by developing probiotics that will introduce other bacteria into turtles' gut to replace salmonella.
Turtles are among a wide range of exotic pets that include iguanas, snakes and other reptiles, "but unfortunately, the ban is on baby turtles only," Elzer said. For turtles, the only ones allowed in interstate commerce must have shells larger than 4 inches across.
The current markets for baby turtles are Europe and the Far East, primarily China, said LSU AgCenter aquaculture specialist Greg Lutz. But even international markets are diminishing.


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Last year marked the 5th year anniversary of the collaboration between Vivienne Westwood and the International Trade Centre’s Ethical Fashion Initiative (EFI). Together, they created a collection of 10 handmade bags in Kenya that were featured in the Gold Label, Red Label, and MAN catwalk shows. These iconic bags have also been featured in several advertising campaigns.
Over the past couple of years, these bags have help support thousands of people from marginalised communities. Not only does the collection help develop their artisan skills, but it also provides a stable income for those involved. This collaboration aims to improve financial prospects in their communities and improve growth sustainability.
This ‘Handmade with Love’ collection is created out of recycled materials that are found in Nairobi’s biggest slum, Kibera in Kenya. The collection is a range of handmade bags for men, women, and unisex totes, rucksacks, and drawstring bags.
Westwood has also been involved with artisans in Burkina Faso, who produce hand-woven fabrics for her womenswear lines as of 2013.
Westwood had this to say about the collaboration, “What a wonderful experience it’s been. I really want to thank the International Trade Centre and the team in Africa. It’s been, and still is, such a gratifying experience to know the opportunities we are able to give to people. And the bags we make in Africa are still my favourite!”
Check out the video of Vivienne Westwood discussing her collab with ITC Ethical Fashion Initiative, Kenya back in 2011 below.


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Serious deal-seekers are already planning their Thanksgiving weekend shopping, and experts believe that once again the holiday itself may offer better deals than Black Friday the day afterward.
Amid the clutter of deals clamoring for attention, smart and careful shoppers can come out ahead. Many stores are increasing their inventory so as not to frustrate shoppers. Wal-Mart Stores Inc. is increasing the number of products for online orders by 50 percent for the holiday kickoff compared to a year ago.
"Start researching and planning," says Benjamin Glaser, features editor with DealNews.com, a deal comparison website.
Here are four ways to get the most out of Black Friday weekend — and beyond.
STUDY UP: Make a comprehensive list of what you plan to buy, research what those items usually sell for at full price and on sale, and figure out how much you want to spend.
Also check out store flyers from previous years online, since many retailers repeat the same deals at the same price. Eighty percent of the products and 43 percent of the prices highlighted on the front pages of the 2015 and 2014 Black Friday flyers of Best Buy, Macy's, Target, Kohl's, Walmart and J.C. Penney were the same, says Market Track LLC, a price tracking firm.
Make sure to note at what times different stores plan to start their Black Friday deals — both online and at the store. For example, J.C. Penney is making its deals available on its website on the Wednesday before Thanksgiving for the first time. It will open its doors on Thanksgiving at 3 p.m., the same time as last year. Kohl's offered last Thursday a subset of the Black Friday deals that will be available for Thanksgiving, when it opens its doors at 6 p.m. For the first time, it will offer "doorbusters" online starting on Thanksgiving while supplies last. In the past, doorbusters were only at the store.
Wal-Mart and Target will again start their sales at their stores at 6 p.m. on Thanksgiving, the same as last year. Best Buy will open its doors at 5 p.m., also the same. And they'll all offer their deals earlier that day online. Wal-Mart's will begin at 12:01 a.m. on Thanksgiving, earlier than last year.
Target says that starting this Wednesday through this Thursday, its Black Friday early access sale will allow customers to shop a selection of Black Friday deals on its website; new this year, shoppers can get them in all stores via its Cartwheel savings app.
Many major retailers begin their main events online Wednesday.
Black Friday 2016 Online Start Times (CST)
- Amazon - 5 AM Thanksgiving
- Best Buy - 11 PM 11/23
- Bon-Ton (and subsidiaries) - Already Live!
- Dell - 5 PM Thanksgiving
- eBay - 5 AM Thanksgiving
- GameStop - 9 PM 11/23
- Home Depot - 5 AM Thanksgiving
- JCPenney - 10 PM 11/23
- Kmart - 8 PM 11/23
- Kohl's - Already Live -- Doorbusters at 12 AM Thanksgiving
- Macy's - 2 AM 11/23
- Microsoft - 11 PM 11/23
- Newegg - 2 AM Thanksgiving
- Sears - 8 PM 11/23
- Sephora - 6 PM Thanksgiving
- Shopko - 3 AM 11/23
- Staples - 11 PM 11/23
- Target - 1 AM Thanksgiving
- Toys R Us - 8 PM 11/23
- Walmart - 11 PM 11/23
LOOK AT THE WHOLE SEASON: Retailers have been starting to spread their offers out, with some starting well before Thanksgiving and Black Friday. Earlier this month, Wal-Mart and Amazon.com both kicked off holiday deals on thousands of items.
Still, there's a good chance you can get a better deal on Thanksgiving for certain items. DealNews.com says 38 percent of the specials pushed on the holiday were what the site considered top deals, compared to only 31 percent for Black Friday.
But not every deal is the best on Thanksgiving. DealNews.com says it's likely better to buy cameras, TVs, tablets and major appliances on Thanksgiving, and tools on Black Friday. On the Monday after Thanksgiving, known as Cyber Monday, is also a good day for shoppers to get deep discounts on clothing and laptops.
Traci Gregorski, senior vice president of marketing at Market Track, says that Monday is also a good time to buy laptops, small appliances and toys and games, based on an analysis of more than 1,400 listings across Amazon, Best Buy, Kmart, Sears, Target and Wal-Mart.
"It's to the shoppers' benefit to do their homework to ensure they are getting the best deal," Gregorski said.
USE APPS AND REWARDS: Strategize how to leverage the store rewards points you already have or holiday bonus offers. Look for the apps that work well for you. For example, Flipp recreates the traditional print flyer experience so you don't have to sift through all the weekly store flyers — and not just on Black Friday. DealNews Black Friday keeps track of specials throughout the holiday season too.
Plenty of retailer apps offer customers special discounts. Customers who use the Staples app will have gotten a sneak peek of the Black Friday deals, which started Sunday, and will be able to see the latest specials throughout the season.
And Wal-Mart is making its Black Friday circular available starting this Thursday through its app.
THINK PAST THE HOLIDAYS: If you don't need items by the holiday — or aren't seeing some friends and relatives until afterward, shoppers might do better waiting to buy toys and clothing like sweaters and coats until the end of the season. That lets them take advantage of clearance sales, says Glaser. For clothing, discounts are on average of 40 percent over the Thanksgiving weekend, but at the end of the season, they go to 70 percent.


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CINCINNATI (AP) -- Procter & Gamble Co. plans to try its hand at the dry cleaning business under the Tide detergent brand.
Gary Coombe, vice president for new business development, said in an interview Monday that three Kansas City-area Tide Dry Cleaners are set to open in September.
He said: "This is very much a test." But he said P&G sees opportunities in the dry cleaning business because of its laundry and fabric care experience after more than six decades of Tide, and after extensive research into consumers' feelings about dry cleaning.
P&G is building a new Tide store and will operate two other dry cleaning facilities that were already open in partnerships.
The Cincinnati-based consumer products maker has also been trying out Mr. Clean-branded car washes, with three businesses operating in its home area.
(Copyright 2008 by The Associated Press. All Rights Reserved.)


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Kiwis Encouraged to Lap up Fastest Broadband Speeds
Slingshot drops Gigantic fibre plan to sub $100
Slingshot is giving more Kiwi households the chance to get amongst the fastest broadband it offers, by massively
reducing the price of its Gigantic fibre plan, to $99.95 per month.
“Around a million Kiwis can get connected to Gigantic fibre, and they really should. Gigabit technology is the best and
fastest out there and it makes a huge difference to the quality of the online experience,” says Slingshot General
Manager Taryn Hamilton.
“Everyday Kiwi families and households are the perfect candidates for Gigantic fibre – made up of those who work from
home, heavy content streamers, and keen gamers. In the past three years we’ve seen the number of connected devices in
the home triple, sitting at an average of ten or more per household, and continuing to rise.
“In effort to stimulate more uptake, we’ve taken a huge chunk off the price of Slingshot Gigantic and are hoping more
Kiwis will take the plunge and reap the benefits,” says Hamilton.
Hamilton notes that ISPs have marketed gigabit services under a range of names. “We are in an odd position where we’re
selling a gigabit technology, but the highest speed will top out at least 10% before a gigabit, so we have had to call
it Gigantic. Nevertheless, this is the fastest fibre plan we can offer – and it’s a game-changer that we can offer it
for under $100.”
Slingshot Gigantic is available in most cities and towns where fibre is available, for just $99.95 per month for


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AT&T said Monday that it is buying the digital advertising company AppNexus, in an effort to hasten the growth of its new media empire.
AppNexus gives the telecom giant control over one of the world’s largest Internet advertising exchanges, which marketers use to buy ad space from online publishers. It could help AT&T challenge Google and Facebook – the two giants of online advertising — by bolstering its ability to analyze customer behavior and advertise against content produced by Time Warner, now renamed WarnerMedia.
AT&T didn’t disclose the terms of the AppNexus deal, which came days after AT&T completed its landmark merger with Time Warner. AppNexus sought a valuation of $2 billion when it filed confidentially for an IPO in 2016.


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ARM-based processors have traditionally been used in small devices such as mobile phones, but the technology is soon be used in low-cost notebook PCs – otherwise known as netbooks – hoping to give Intel a run for its money. In line with this strategy, ARM has announced that it will be collaborating with Canonical to bring the full Ubuntu desktop OS to the ARMv7 processor architecture.
Canonical offered few details about the new ARM distribution except to say that the ARMv7 port of Ubuntu will target netbooks and system-on-chips (SoC) based on ARM’s Cortex-A processor cores. The companies believe that combining Ubuntu with ARM’s low power demands will make them a force to be reckoned with in the fast growing mobile computing market, and are aiming to provide “not only high performance but all-day battery life and advanced video functionality.”
The Ubuntu ARM netbooks are scheduled to begin shipping in April of 2009. Their biggest problem, it seems, is that Intel and Microsoft have already taken the lead and the signs suggest they’ll continue to dominate the netbook market.


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- There are now over 20GW of JinkoSolar’s Tiger Neo panel pre-sold, according to estimates recorded on N-type Model Tracker.
As a result, Tiger Neo topped the new model rankings in the first half of the year. Given the fact that the Tiger Neo launch began in mid-November 2021, which is around 10 months ago, this works out to an average of around 2GW orders per month.
Since its entry into the market last November, Tiger Neo has performed outstandingly well, securing 20GW orders in less than nine months. Most of these panels are sold in Europe, China, Latin America, MENA, and exports are now on the road to multiplying rapidly as production has steadily ramped up. JinkoSolar has now tasked itself with continuing the production ramp up at its newly built n-type factories in Hefei, Jianshan, Shangrao, etc.
Despite the polysilicon crisis faced by manufacturers, N-type TOPCon panels continue to gain strong traction owing to the arrival of revolutionary models such as JinkoSolar’s Tiger Neo. Projects with a large offering of n-type solutions have been less impacted by the crisis of polysilicon, as they continue to take advantage of the features available with n-type panels. In contrast, both the efficiency limit and the growing severity of the degradation have caused PERCs market share to plummet. Some analysts predicted: “If the trend continues, the market could soon be where more than half of the panels sold are N-type.” It seems that the company’s goal to reach 30% and 50% market share of N-type by 2023 and 2024 is now achievable. Tiger Neo is proving N-type to be a success which will soon replace PERC to become the new “standard”.
Dany Qian, Vice President of JinkoSolar said: “This year, the industry has responded well to the n-type transition, the growing popularity of Tiger Neo is encouraging, sales are strong to offset a big rising of the raw material cost seen across the entire supply chain.” Year-to-date, JinkoSolar continued to outperform in comparison to other brands which is partially explained by the strong performance of Tiger Neo. Dany added: “Shifts of this magnitude are not rare, pretty similar to that of p-PERC replacing poly a few years ago, in addition to JinkoSolar, a number of other top manufacturers have also enhanced their offerings with more n-TOPCon modules”.
Jinko Solar continues to lead the PV industry as it has been recognized as a Top Performer in PV Evolution Labs’ 2022 PV Module Reliability Scorecard. Since 2014, Jinko Solar has been rated a Top Performer eight consecutive times, making it one of only two module manufacturers to accomplish this feat. Jinko Solar’s extensive R&D capabilities and dedication to module excellence have contributed greatly to this success
Author: Bryan Groenendaal


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TORONTO – A high-ranking Lenovo executive says he is open to an eventual deal to buy embattled Canadian smartphone maker BlackBerry.
Click to enlarge
The comments sparked a 14.1 percent leap in BlackBerry’s stock, up US$1.84 to $14.90 in recent trading.
Blackberry’s new Z10 touchscreen smartphone – which uses the all new Blackberry 10 operating system – went on sale in the US last week with delivery promised on March 22, and Australian carriers Telstra, Optus and Vodafone are now taking pre-orders for delivery from Monday March 25.
The phone – which maintains separate divisions for work and home use – has received favourable reviews, but many critics suggest it has come too late, with Apple’s iPhone and an array of Android-powered smartphones now dominating the market, and Microsoft also vying for a distant third spot


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The company plans to deliver L9, its third model in Q3.
China's EV 'New Force' Li Auto (2015:HK) announced the unaudited financial results for the quarter ended on March 31, 2022.
During the reporting period, the company delivered 31,716 models, up 152.1% YoY, with vehicle sales of USD 1.47 billion, increasing 168.7% YoY. The total revenue was USD 1.51 billion, 167.5% higher than the first quarter of 2021.
The Tesla China rival’s gross margin remained robust at 22.6% with a gross profit of USD 341.3 million in Q1, 250.9% higher than last year's same period. The net loss was CNY 10.9 million, compared with a CNY 360 million net loss in Q1 2021.
As of April 30, 2022, the company had 225 retail stores covering 106 cities and 292 servicing centers, with Li Auto authorized body and paint shops operating in 211 cities.
The company is embarking on delivering L9 on time, a flagship SUV for family users based on its new generation EREV (Extended Range Electric Vehicle) platform. It is equipped with an upgraded autonomous driving system, Li AD Max, which is capable of navigation on advanced (NOA) driver-assistance systems for enhanced safety and convenience.
The shares of Li Auto closed at HKD 88.35 apiece, growing by 11.2% in the morning session on May 11.


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Dollar climbs as U.S. data backs December rate hike view
- Wall St. rises amid robust GDP data, mixed earnings
- ExxonMobil (XOM) Tops Q3 EPS by 5c; CapEx Light of Views
- Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks
- AbbVie (ABBV) Tops Q3 EPS by 1c; Boosts FY16 EPS Outlook
- Amazon.com (AMZN) Misses Q3 EPS by 26c, Offers Q4 Guidance
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo
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By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) - The dollar rose on Friday, on track for its largest weekly gain in more than seven months against the euro, after strong U.S. retail sales and producer prices data for September reinforced expectations the Federal Reserve would raise interest rates in December.
The safe-haven yen
The dollar index, which tracks the greenback against a basket of six major currencies, added 0.3 percent to 97.788 <.DXY>. It was up 1.2 percent for the week and 2.4 percent for the month so far.
The U.S. retail sales data, which showed a 0.6 percent rise last month after declining 0.2 percent in August, supported the dollar's gains. Other data on Friday suggested a pickup in inflation, with producer prices rising broadly last month to record their biggest year-on-year increase since December 2014.
"Following a disappointing August, Fed Chair Janet Yellen will be pleased to see retail sales rebound strongly in September," said Dennis de Jong, managing director at UFX.com in Limassol, Cyprus. "Observers are increasingly confident that December will finally bring the long-awaited interest rate hike."
The minutes of the latest Fed meeting in September, released on Wednesday, prompted investors to raise their bets of a U.S. rate increase in December. Markets are now pricing in around a 70 percent chance that the Fed will hike then.
Against the yen, the dollar rose 0.5 percent to 104.28
The dollar did trim gains after a report showed that consumer sentiment, as gauged by the University of Michigan, fell this month to 87.9, the lowest since September 2015.
The euro fell 0.4 percent to $1.1015
Later on Friday Yellen will address an economics conference
(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Anirban Nag in London; Editing by W Simon)
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