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By CHAO YAN
Capital News Service
LANSING — Local governments continue to fight recent changes in valuing commercial properties that they say have cost them $100 million in lost tax revenue since 2013.
The problem, according to local officials and some lawmakers, is that the state’s Tax Tribunal is using methods to assess “big-box” retailers like Target and Menard’s based on sales of similar, vacant properties, often called “dark stores,” whose true value is not reflected.
That’s a shift from evaluating a store’s tax value based on more complete factors such as the cost of constructing the building and the amount of income it generates. Now, big retailers are appealing assessments and winning big tax breaks across the state.
Rep. David Maturen, R-Vicksburg, and dozens of co-sponsors are again pushing to solve the issue by insisting that the tribunal take more information into account when reviewing assessment appeals for any commercial property.
“What I want to do is require the Michigan Tax Tribunal to use professional evaluation, a standard and practical evaluation, when they are making a determination for the property that is appealed,” Maturen said. “No more, no less. I don’t see how anybody could object to that.”
The bill would require the tribunal to make tax determinations in commercial property dispute cases independent of dark store tax assessments.
A similar bill passed the House last year, but wasn’t taken up by the Senate.
Maturen said that when they were drafting the last bill, Michigan Realtors, a business group, came to support it.
But, he said, the bill’s fate is uncertain.
“Hopefully we will get support from the House members, and then hopefully things will go differently in the Senate,” Maturen said. “I will keep trying to talk to some people in the Senate, see if we can have somebody’s ear and get an opportunity to make a case.”
If the issue isn’t addressed by the Legislature, it could see action in the courts.
In 2014, the city of Escanaba valued a Menards property at about $8 million, but the store appealed the assessment, arguing that commercial properties should be appraised based on similar properties nearby. The Tax Tribunal ruled for Menards.
But Escanaba, and local government groups supporting Michigan townships and counties, argue that deed restrictions on comparable “dark store” properties — such as prohibitions against selling many retail items — artificially deflate those properties’ values. They say that makes comparing an active retailer’s value with those vacant, restricted properties unfair.
Escanaba took the case to court, where it won a ruling for the higher valuation from the Court of Appeals. The state Supreme Court will hear oral arguments on the case later this year.
In 2015, the Supreme Court refused to hear a similar case brought by Breitung Township in Dickinson County, which sought to appeal a tax reduction for a Home Depot store.
“It’s the same case as what we brought to the court in 2015, just under the different names,” said township Assessor Joan Nelson.
Nelson said special interest groups are bogging down efforts to change the dark stores assessment practice.
“It’s impossible to solve it at my level,” Nelson said. “We lost $20 million and it’s just ridiculous. It is screwing the local governments out of millions of dollars a year.”
Reducing valuations for large retailers shifts the burden to smaller taxpayers, said Derek Melot, the director of communications and marketing for the Michigan Association of Counties. Counties can’t stop performing their constitutional functions because of the lost revenue.
“We have to continue to do everything that we are mandated to do, even though they are not carrying the responsibility that they once did,” Melot said.
Bill Stanek, the supervisor for Big Rapids Township, said retailers will ultimately suffer if local governments can’t provide the infrastructure that supports business activities.
“That’s the tax revenue we depend on for roads, to have people get to these big box stores,” Stanek said. “When they do not pay their fair share, then we can’t fix roads or provide sewer service.”
Stanek said he has some hope that local governments will see some relief.
“I think the state realized that we have to have tax dollars locally to supply services,” he said. “The big box issue is happening all over. The court and the Legislature both need to take a stand on this.”
By CHAO YAN


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The Indian Government on Friday asked the manufacturers of automobiles in India to cease sales of cars with downgraded safety standards in the country. The Secretary of the Ministry of Road Transport and Highways (MoRTH) Giridhar Armane stated during a seminar that only a handful of carmakers have been able to adopt safety rating systems for their vehicles, that too for higher-end models.
In a statement, he said: “Auto manufacturers could not spare any efforts in offering the best quality vehicle in India and it is unpardonable that few of them are downgrading to sell in India”
“Also (I am) very disturbed by the fact that very few have adopted the safety rating system which is used by very few manufacturers for their high-end models” he added.
What Do The Numbers Indicate When It Comes To The Cars and Driver Safety?
, which is the international network of crash tests, as part of its safer cars for India campaign found out that lower range car models sold in India have inferior ratings in comparison to the same models sold in foreign markets, especially in developed countries with stricter rules.
In an example, Aramane compared US and India stating: “In the US, approximately 36,560 died in 2018 in about 45 lakh accidents. Whereas, 1.5 lakh died in only 4.5 lakh road accidents in India.
The number of accidents is ten times less but the number of deaths in India is around five times and this fatality is despite having slower cars and slower roads in India.”
Talking about Volvo and its Three-Point seatbelt, urging automakers to share their ideas and patents, he said: “The reason why the seat belt is adopted so quickly is because Volvo shared the patent and Mr Bolin also shared the patent for all part manufacturers to be used in their design. The significance of such measures shall not be lost on auto industry majors working in India.”

domain: news


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Now, thanks to the recent surge in the cryptocurrency markets, Finman’s personal bitcoin hoard is worth about $US4 million, even after the slump of the last few weeks. And he’s diversified into other cryptocurrencies, as well as more traditional investment vehicles – he’s even started a 401(k) retirement account.
And yet, Finman is disappointed with the state of cryptocurrency, he tells Business Insider. The cryptocurrency boom has brought with it an upswing in scams and dirty dealings. And the bitcoin community, in particular, is too caught up in its own self-interests to modernise the underlying technology so that it can deal with the increasing crush of users, he says.
He refers to the larger cryptocurrency market as “corrupt,” and says that it’s led to most cryptocurrencies serving more as an asset, like gold, rather than a politics-free replacement for money, which was the original idea. He suggests that the first wave of digital tokens might be about to buckle under its own weight – paving the way for something new.
“You’re seeing the first generation [of cryptocurrency] live and probably die,” says Finman.
Continue here to read the full article on BusinessInsider || January 25, 2018 |||


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Steve Wozniak, the tech innovator who co-founded Apple with Steve Jobs, offered some unsolicited advice to the company about its upcoming iPhone 7. BGR reports that Wozniak has an issue with the phone’s rumored lack of a headphone jack.
Wozniak is quoted in the story telling The Australian Financial Review: “If it’s missing the 3.5mm earphone jack, that’s going to tick off a lot of people.”
His comments echo concerns others have raised as rumors circulated that the device would rely exclusively on Bluetooth for audio.
“I would not use Bluetooth … I don’t like wireless,” Wozniak reportedly said. “I have cars where you can plug in the music, or go through Bluetooth, and Bluetooth just sounds so flat for the same music.”
Apple has not confirmed whether the new iPhone will include the old-fashioned 3.5mm headphone jack, but it has been widely rumored that it will be eliminated.


text: Good news and bad news. 'Reno 911!' is coming back. With the best version of the cast. And the trailer is good. But it's coming to yet another new subscription streaming service, which looks otherwise full of shows that I would not watch in a million billion years. I would pay $6.99 a month not to have to watch these shows.


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Time is the most precious commodity. The past three years have challenged individuals to look forward and take charge of their own future. But as the world bounce back from the days of the pandemic, it is now up to us to make a stand and shape the future.
In a bid to inspire individuals to seize the moment, world-renowned luxury watch brand TW Steelunveiled its newest campaign in the Philippines on February 16, 2023. It challenges Filipinos to make the most of their time.
TW Steel’s 2023 campaign called “Time Is Now” aims to emphasize the significance of cherishing every moment. Further, TW Steel wants to inspire, challenge, and showcase what a single outlook can do to overcome obstacles, accomplish goals, and stay motivated toward greater things ahead.
“Our ‘Time Is Now’ campaign captures the very essence of what we learned coming from a dreadful pandemic. There is no perfect time to aspire and achieve goals and dreams in life than now. Time is a very valuable resource, and we can use it well to make every moment count,” said Cathy Porlaje, TW Steel Brand Manager.
TW Steel, which means “The Watch In Steel,” started in 2005 with four initial designs that created a mark as a niche product. The brand has taken the world by storm with its oversized feature of 45 to 50-millimeter faces in diameter, and stylish chronographs.
TW Steel is dedicated to supporting its customers in living life to the fullest and encourages them to seize every opportunity. The brand’s luxury watches are not only a reflection of style but also a symbol of the wearer’s commitment to making the most of their time.
The “Time Is Now” campaign will run throughout the year. The campaign will be promoted through TW Steel’s social media channels, digital platforms, and in-store displays.


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PC JEWELLER LIMITED
Gitanjali Jewellery Retail gets interim relief against “coercive action”
There is an ongoing dispute between GJRL and one of its erstwhile franchisees, Chandigarh-based Tara Jewels.
Buy PC Jeweller target Rs 383: Sagar Doshi
Buy PC Jeweller at a price target of Rs 383 and a stoploss at Rs 350 from entry point.
No one buys jewellery to invest savings: Sanjeev Bhatia, PC Jeweller
"Although jewellery is not an investment product, it is a store of value...
PC Jeweller takes winning streak to 5th session, jumps 4%
In the first three weeks of this month, the stock has seen gains in 10 of 14 sessions.
PC Jewellers Q1 net spikes 27.42% on robust sales
Net profit stood at Rs 106.59 crore in the same quarter of 2016-17 fiscal, it said in a BSE filing.
Market Now: BSE Consumer Durables index hits all-time high
Nifty50 was trading near 9,950-mark, while Sensex was firm above 31,700 level.
BSE Consumer Durables index ends at all-time high
Barring telecom, all other sectoral indices settled in green zone on BSE.
Top intraday trading ideas for afternoon trade for Wednesday, 6 September 2017
Asian Granito is a 'Buy' call with a target price of Rs 480 and a stop loss of Rs 454.
These stocks have high FII interest and good earnings visibility too
ETIG has identified 5 companies in this sample which have earnings visibility of 20-50%.
Top gainers and losers of Tuesday's session
In the Nifty50 pack, 29 stocks settled in green, while 22 in red.
Market Now: Nearly 50 stocks hit fresh 52-week lows in choppy market
Metal, IT and FMCG were other sectoral indices that were gaining in trade.
When Sensex shed 1,400 points from peak, 10 stocks rallied 60%
Better-than-expected earnings and news developments lifted some of these stocks.
Market Now: PC Jeweller, Bhushan Steel, Lanco Infratech crack over 4%
In the Nifty50 pack, 28 stocks were trading in green, while 23 stocks were in red.
Market Now: PC Jeweller, Indosolar surge over 8%
Domestic equity indices, BSE Sensex and NSE Nifty, were trading in green on Monday.
Nifty PSU Bank index snaps 5-day losing streak
Benchmark Nifty50 index closed 103 points higher at 9,897.


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COLUMBUS – A Columbus trucking dealership has expanded their business to meet customer demand.
Sahling Kenworth held a ribbon cutting ceremony at their Columbus facility on Monday afternoon, commemorating an expansion project that broke ground this past May. The company added four new service bays, and a combined 62,000 square feet of space to the business.
Members of the Columbus Chamber of Commerce, as well as representatives from Sahling Kenworth were in attendance at the ceremony. The expansion was needed due to growing demand from the dealership’s customers, and the new service bays will eliminate the two-to-three day wait for customers waiting for work to be done on their trucking equipment.
The project was completed by BD Construction, and Sahling Kenworth used local vendors for the majority of the needs on the expansion.


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New timing partner for Porsche Club Motorsport
NEW TIMING PARTNER FOR PORSCHE CLUB MOTORSPORT.
Omologato Watches starts the clock on a new partnership.
Omologato is delighted to announce a new timing partnership with Porsche Club Motorsport for the 2018 season, with branding to appear on the Motorsport Race Centre and all competing cars in all of their organised championships.
Omologato have created a very strong brand through their passion for motorsport both in the UK and abroad, making bespoke timepieces to celebrate momentous moments in motorsport.
Porsche Club Motorsport organise over 50 motorsport events across four disciplines with over 100 competitors participating in one of their Speed, Hill Climb and Race Championships. With 25 trackdays all of which are fully booked every year, Porsche Club Motorsport offers something for everyone.
As part of the partnership Omologato will be presenting the winners of each championship with a watch and for the first time a watch will be awarded to a participant on the trackday programme.
Shami Kalra commented “I am absolutely delighted to be involved with Porsche Club Motorsport, a brand I really admire and support in many areas”
“To be part of their championships and being able to offer a watch to the winners, is a real pleasure and I very much look forward to attending the events and meeting those involved”


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New Brunswick needs to stop procrastinating and fix its tax revenue sharing agreements now.
The provincial government has tax revenue sharing agreements with New Brunswick First Nation communities. Under these agreements, First Nations retailers keep virtually all the provincial taxes collected on sales of motor fuel and tobacco products to non-natives.
Sounds innocent and reasonable enough, until you find out that First Nation communities will keep upwards of $47.2-million in provincial taxes in the government’s current 2016-17 fiscal year. To put that in some perspective, First Nations tax revenue sharing agreements cost the provincial government $5.4-million 10 years ago, in fiscal 2006-2007. That’s an 874 per cent increase.
The provincial government itself has contributed to this growth because every increase in the tobacco tax, the gasoline tax or the provincial portion of the HST puts more tax revenue sharing dollars into the pockets of First Nations retailers. But tax increases alone don’t account for an almost 10-fold increase in tax revenue dollars going to First Nation communities over 10 years. Clearly, First Nation communities are aggressively building their retail businesses.
As an association representing convenience and gas retailers in New Brunswick, the Atlantic Convenience Stores Association has serious concerns with these tax revenue sharing agreements. Foremost among these is competitive fairness.
It is not fair for some retailers to have the leverage of extra money from government tax revenue sharing when it gives them the ability to sell gas – at a profit – for less than what it costs most non-native retailers to purchase.
Sure, some consumers may benefit from artificially low prices. But we don’t think most New Brunswickers support the idea of public tax dollars being used to pit one group of business people against another.
And New Brunswick is the only province in Canada that has a tax revenue sharing agreement with a select group of retailers. How strange is that?
The current government has been reviewing the structure of the tax sharing agreements for some time, but to date there has been no resolution to the problem. No doubt this is a complicated and challenging file, but government’s procrastination needs to stop because New Brunswick taxpayers deserve better, and New Brunswick retailers deserve fairness.


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Marketing application HubSpot now integrates with Shopify and that’s good news for their customers. Find out why in my latest On CRM column.
Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
1 — Microsoft plans low-cost tablet line to rival iPad.
Microsoft will release a line of lower-cost Surface tablets by the second half of this year, seeking to compete in a market for cheaper devices that Apple dominates with the iPad. The new tablets will feature 10-inch screens—about the same size as a standard iPad but smaller than the 12-inch screens used on the Surface Pro laptop line. They’ll sell for around $400. (My company, The Marks Group PC, is a Microsoft partner) (Source: Bloomberg)
Why this is important for your business:
Tablets are becoming the hardware of choice for many small businesses, particularly restaurants and merchants that are installing point of sale systems that allow customers to buy products or get information from employees without waiting in line. Although the iPad has been the most popular tablet, it’s not cheap. Until now!
2 — EU data protection may trigger global ripple effect.


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By checking this box, you indicate that you'd like us to send you information on Chainalysis products, services, events, and news. Your personal data will. Darknet markets2022. imposes sanctions on Russian darknet market and crypto exchange. Reuters WASHINGTON April 06, 2022 10:06 IST. A dark web. :darknet drug market tor markets 2022 darknet market adderall prices darknet markets 2022 updated. 20 MIN READ Last updated: Sep 01, 2022 By Nicolae Bochis. Table of contents Silk Road was the first dark web black market. Roundup: April 1 - April 15, 2022 including the April 5 Treasury action against the virtual currency exchange Garantex and the darknet market Hydra. Updated: July 26, 2022. Spray-painting over signs advertising the delivery of drugs "salts" and "spices." Dmitry Rogulin / TASS. Darknet News .US sanctions Russia's largest darknet market and crypto exchange Garantex Apr 05, 2022 Turner Wright .Digital intelligence must overcome. Ethereum darknet markets darknet market updates 2022 deep net.
Dark Web Stats 10. One of the most prominent reasons for the expansion of the dark web marketplace is the fact that funds flow through. In 2022, the data appeared listed for sale on a dark web marketplace (along with several other large and updated in HIBP accordingly. According to a report by Chainalysis on the rapidly increasing rate of cryptocurrency crime, Darknet or dark web markets set a new record for revenue in. On Tuesday the Treasury announced sanctions on Hydra market and an associated crypto exchange called Garantex. The news follows German. Anil Dash & Kevin McCoy. Webby Lifetime Achievement Special Achievement 2022. Published: 05 April,2022: 01:05 PM GST Updated: 05 April,2022: 01:21 PM GST The statement headlined with illegal darknet marketplace 'Hydra Market'. How 2022 dark web drugs nz is shaping up for dark web markets Chainalysis provided an update to its 2022 report on Aug. 16 and the 2022 data has shaped up in an. Telegram vs Wickr in our news: 2022 - Telegram now allows to kill chat TOR Browser Onion Web VPN comes 2022 darknet market with optimal settings of its.
Last News. Televend Market 2022-02-12. Bohemia darknet market The Wall Street Market Darknet 2022-02-12 Top Darknet Markets 2022 2022-02-12. In this episode, on April 26th and 27th Rothoblaas #Rothoschool will host the Structural Design of Wooden Buildings Course at the headquarters in Cortaccia. Darknet Update: Hydra Reigns, Monero Acceptance Climbs, Russian State Bitcoin only markets include Darkfox, Hydra, Vice City, Aurora. In October. Vice City. By AP with Euronews Updated: 02/09/2022 - 12:16 He allegedly registered on the darknet to arrange a contract killing, dark web drugs ireland providing the. SSNDOB sold email addresses, passwords, credit card numbers, SSNs and more. Brandon Vigliarolo Wed 8 Jun 2022 // 14:30 UTC. 9 comment bubble on white. We make sure to update our Scam List daily so that our users do not Best Darknet Markets for 2022 A list of Darkweb market places. By AP News September 1, 2022 They said he registered with a site on the darknet a part of the internet accessible only through specialized. On April 5, 2022 the darknet market updates 2022. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against the world's.
Of cannabis legalization, and identifies dynamics to watch, from the opiate market in light of developments in Afghanistan to dark web drug sales. Germany shuts down world's largest illegal marketplace on darknet with US help. Hydra Market's sales were over 1 billion euros in April 5, 2022, 2:22 PM. Darknet markets 2022. imposes sanctions on Russian darknet market and crypto exchange. Reuters WASHINGTON April 06, 2022 10:06 IST. A dark web. Published: 05 April,2022: 01:05 PM GST Updated: 05 April,2022: 01:21 PM GST The dark web drugs bitcoin statement headlined with illegal darknet marketplace 'Hydra Market'. Update: Thu, 04 Aug 2022 10:49:26 UTC. Cannazon Market Url 2022-01-08 Darknet market noobs. Daeva Market Url Dark markets czech republic. By AP with Euronews Updated: 02/09/2022 - 12:16 He allegedly registered on the darknet to arrange a contract killing, providing the. In this weeks episode, we discuss the projects of the week around mass timber construction land. Enjoy. Production by Deeelicious Beats Music "Game Play" by. Dark Web markets: record spending in 2022 The chart below reveals darknet market revenue and the number of transfers to those markets. The.
Updated Apr 06, 2022. Darknet. The dark web. We've all heard about them. Drugs are dominant on the dark web marketplace. 2022 Darknet Statistics. *Events schedule shown above, subject to change due to the current situation 2022. darknet market updates 2022. On Tuesday the Treasury announced sanctions on Hydra market and an associated crypto exchange called Garantex. The news follows German. SSNDOB sold email addresses, passwords, credit card numbers, SSNs and more. Brandon Vigliarolo Wed 8 Jun 2022 // 14:30 UTC. 9 comment bubble on white. Updated: 22 Feb 2022 8:35 am. Darknet market has set a dark web drugs australia new revenue record in 2022 as it brought in a total of darknet market updates 2022 billion in cryptocurrency, finds a recent. Jonathan Greig April 6, 2022 of crimes connected to his operation and administration of the servers used to run Russian dark web marketplace Hydra. Darknet. July 2022 Australian man arrested in Germany over 'world's largest' darknet marketplace. Published: 12 Jan 2022. This refers to cyber-criminal activity such as darknet market sales or ransomware attacks in which profits are virtually always derived in cryptocurrency rather.
Dark Markets Russia
Unfortunately, the resulting quality of these books is not as high. The search engine is ideal if you want to be completely anonymous on the web. Brainmagic, a Psychedelic merchant drug store operating via Tor Network is probably one of the oldest medication shops around that has been presented by many hidden wiki pages within the last 10 years. ToRRez darknet market updates 2022 market website stands on no 3 on the dark web, including 10k products with 1k trustful vendors, established since 2020. When a Dark Web monitoring tool strikes a match, finding information on the Dark Web that is also on a user’s watchlist, the user is sent a notification. He and a longtime friend, Drew Crandall, worked at eBay after failed stints in college. No, zcash didn’t have anything to do directly with the hack. An affiliate commission Web: Bitcoin Fades as Monero Rises best place to buy mirrors reddit is used to hide physical.
“Patients clearly suffer the most from the theft and exploitation darknet market updates 2022 of their records.”
Dark Markets San Marino
An Israeli citizen has pleaded guilty before a US court over his role in operating DeepDotWeb, which served as an internet gateway to illicit dark web marketplaces before its 2019 seizure. The current total value of seized goods holds an estimated value of over $20 million dollars. The bank's announcement is the first time a top custody bank announced that it would handle cryptocurrencies as it does other darknet market updates 2022 assets. These cards are typically ordered online where the buyer enters an email address, credit card number, physical address and possibly even a telephone number before completing the purchase. The interaction between the growth in technology, access, infrastructure development, political and cultural upheavals, and more certainly is ripe for effects on the demand for illicit products and services. Principal sellers in the underground not only offer stolen card data, but are also focusing their offer for customers that intend to run malware-based attacks against companies operating in the retail industry. Dark web links use a PGP key to translate encrypted communication. Elliptic Here we discuss cryptoasset compliance, blockchain analysis, financial crime, sanctions regulation, and how Elliptic supports our crypto business and financial services customers with solutions. Experts have hypothesized that it was a law execution approach to trail Bitcoin exchanges. Its extraordinary power towards in-depth browsing gave it all the credits until FBI hacked it in 2014. Never forgetting that our success is due entirely to your support.


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The Samsung Galaxy Gear ushers in the next evolution of the smartwatch — begone black-and-white e-ink displays, and welcome a massive shift in functionality. Notifications, integration with existing Android applications, Dick Tracy-style phone calls — and a built-in camera to built — this ain't no Pebble.
And Samsung stepped up design with the Galaxy Gear.
We've already crawled all over the Galaxy Gear, so be sure to check out our hands-on look. For you picture-oriented folks, we've got a massive Galaxy Gear gallery after the break.


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Warren Buffett Can’t Spend His Cash Fast Enough
Warren Buffett is perhaps the world’s most well-known billionaire. With his company, Berkshire Hathaway, topping the charts of preferred stocks, and his personal fortune growing by the second, the man can’t seem to make his cash pile any smaller.
Berkshire Hathaway Will Post Profit
According to Barclays Plc, Berkshire Hathaway will post a massive profit of $4.3 billion for the third quarter. This will be added to the $35.7 billion stash that Buffet already has stockpiled in the company’s coffers as of June. There was also the $4.4 billion loan to Mars Inc. that Buffet used to help them purchase Wm Wrigley Jr. Co. five years ago, which was paid back this quarter.
Buffet On Acquisition Spree
This year has marked another trademark year of Buffett and Berkshire buying out companies, and acquiring new holdings. The gargantuan investing firm already invested $12.3 billion in the HJ Heinz deal, as well as spending 5.6 billion on a Nevada electric utility. There have also been many smaller purchases since December of last year.
Cliff Gallant of Nomura Holdings Inc. says, “It’s a high class problem. The year’s not up. I wouldn’t be surprised to another deal of some sort.”
Buffett’s Cash Stash
Buffett has said in the past that he likes to keep $20 billion on hand should his reinsurance investments have the need to pay large claims. This is one of his biggest investment arms, and protecting it is key to Berkshire’s stability. Having this kind of cash on hand allows Buffet to swing huge investment deals while others wait until they’re sure the water is safe.
The pile reached a level of $49.1 billion in March, but was dropped following the Heinz acquisition. On Oct. 16 Buffett claimed to have $40 billion on hand, but has yet to announce plans for the huge cash pile.
Berkshire Is Sitting Pretty
At the moment, analysts believe Berkshire to have enough cash on hand for a $15 billion acquisition. This counts the cash from the Mars loan and the promises of purchasing other companies. Since this report on October 4th, Berkshire purchased a beverage dispenser business for $1.1 billion.
Having the issue of too much money to spend may be a reality for Warren Buffett. No doubt many Americans would love to have that problem. However, it is doubtful whether most of us would be able to make our cash post a return the way Buffett has. It will be interesting to see what his next purchase will be.
Become An Exclusive Member Of Wall Street Insanity


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The famous smartphone company Vivo that leaves no stone unturned when it comes to publicizing its smartphones, be it branding in different parts of the country to executing everything in a big way, it has finally managed to launch its brand new smartphone Vivo V7+ in India priced at Rs 21,990.
Vivo phones are known for ridiculously high megapixel counts in their cameras, they’re largely seen as an iPhone tip-off from the get-go. The V7+ changes things, as it looks nothing like the iPhone.
The most striking aspect of the Vivo V7+ as opposed to Vivo’s previous offerings – is its design. The V7+ is an edge-to-edge or bezel-less phone, which means much like the Samsung Galaxy Note 8 and the LG V30, Vivo’s new phone has an unusually tall screen and an unusual aspect ratio of 18:9. Vivo calls it Full View: a concept that gives Vivo’s new phone a screen-to-body ratio of 84.4 per cent.The V7+ is a 6-inch phone, but because Vivo has shaved off much of the top and bottom bezels as well as the bezels on the sides, the phone occupies a smaller footprint. It feels smaller in the hands.
The concept of a bezel-less screen is fast becoming the new industry norm, it seems. The concept isn’t restricted to the top-tier flagship segment any more, even as companies like Micromax and LG have recently made it more mainstream, courtesy the Micromax Canvas Infinity and the LG Q6. The Vivo V7+ is notably the third phone – in India – belonging to the mid-level price segment to ship with a new bezel-less screen, meaning the phone is designed from grounds-up for multimedia consumption.
The screen resolution of the Vivo V7+ is, however, HD or 720p which is a little disappointing. The Micromax Canvas Infinity also comes with a similar 1440×720 pixels resolution but that phone costs just Rs 9,999. The LG Q6, meanwhile, comes with more pixels, more precisely 2160×1080 pixels resolution and costs Rs 14,990. The Vivo V7+ which costs more should have at least come with a 1080p screen.
In terms of all-round design, the Vivo V7+ comes with a full-metal body with discreet antenna lines and a rear-mounted fingerprint scanner. The phone comes with curved 2.5D Corning Gorilla Glass 3 on the front. The phone weighs in at 160 gram and measures only 7.7mm in thickness.
The V7+ comes with Vivo’s proprietary “AK4376 dedicated Hi-Fi audio chip which provides an unparalleled sound quality, giving a signal-to-noise ratio of up to 115dB” according to the company.
The Vivo V7+ will be available in Matte Black and Crown Gold colour options from September 15 across online as well as offline channels. Pre-booking for the Vivo V7+ begins from September 7.


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To everyone who went on a shopping spree at Costco, it looks like you'll be well supplied for the next couple months (or years) on water, toilet paper, rice, Lysol, and almost all other dooms day supplies.
Signs are starting to circulate online and at stores, displaying that returns will not be honored for toilet paper, paper towels, sanitizing wipes, water, rice, and lysol. Bending their return any time policy.
According to Costco Buys, it has been confirmed nationwide, but we are yet to receive word from Costco HQ. Grocery stores nationwide have seen shortages and total madness, despite social distancing regulations and suggestions on how to stay healthy.
[sc name="trending-articles" ]
Several stores, including Costco, have implemented shopping times for the elderly (usually 60+), disabled, pregnant, and with special needs. Additionally, stores are also implementing shopper limits, where only a limited amount of people are let in at a time, to maintain large gathering restrictions.
These efforts to help with both employees and shoppers safety.
Image Source: Costco Buys


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"The EU withdrawal bill is making good progress. We're on course to deliver Brexit. We're on course to deliver on the vote of the British people."
Prime Minister of the United Kingdom
"I dissent from this spirally spun, legally lightweight, consumer harming, corporate enabling, destroying internet freedom order."
Democrat FCC Commissioner
"There can only be industrial and economic growth if there is energy."
Hyacinthe Befeno Todimanana
"We're making Ariane 6 to reduce costs."
Director, Guiana Space Centre
"Next year will be the last chance to pursue EU-level reforms before a fateful year of reckoning begins."
Former Swedish prime minister
""A big part of the rulers' legitimacy is based on people's fear""
"All the governments need to channel these emotions somehow: they chose food."
Analyst, German Council on Foreign Relations
There were cheers for new chief executive Victor Muller at his presentation to Saab employees, following his company Spyker’s surprise victory in the
A 92 percent fall in fourth quarter profit has prompted mobile phone maker Ericsson to announce an extra 1,500 job cuts. That news comes after the
Thousands of Saab workers have demonstrated outside their factory in Trollhattan, Sweden as General Motors sent the clearest signals yet that it
Saab’s parent company General Motors has confirmed it is still reviewing the bids it has received, but has also appointed a restructuring firm to
As the Thursday evening deadline neared for General Motors to either sell or close Saab various prospective bidders were making last-ditch efforts to
A wolf cull is underway in Sweden for the first time in 45 years after parliament called for the predators’ numbers to be reduced.
Saab has said its parent company, General Motors, will be flexible in its deadline for bids for the Swedish car marque.
GM had given itself to the
General Motors has said it will wind down operations at its loss-making Swedish unit after an attempt to sell it to small Dutch luxury carmaker
Sweden’s central bank has kept its key interest rate unchanged at a record low of a 0.25 percent.
Bank policymakers repeated their view that rates
Nordic telecoms operator TeliaSonera has opened the first mobile phone networks in the world to use faster LTE wireless technology – otherwise known
At a lavish ceremony in Stockholm the 2009 Nobel Prize winners in the categories of Economics, Literature, Chemistry, Physics and Medicine received
General Motors is reportedly talking to Chinese car maker Beijing Automotive about selling some Saab assets including tooling and technology.
Top of the agenda at Tuesday’s board meeting at General Motors is what to do with Swedish carmaker Saab.
Saab, GM and the Swedish government are
Sweden’s consumers are heading back to the shops balancing weaker than expected GDP figures for the third quarter.
GDP grew quarter-on-quarter by
Saab is facing possible closure after a deal to buy the Swedish car brand collapsed.
The marque’s American owner – General Motors – was poised to
Europe and Russia will be hoping they can press the political and economic reset button today as summit in Stockholm gets underway.
The EU and Russia will seek to rebuild economic and political ties today at a summit in Stockholm.
Relations have been strained by Moscow’s war
Sweden’s Lutherian church has decided to conduct gay weddings, the first major church to do so.
Ceremonies will begin on November the first. The
The 2009 Nobel Prize for Literature has been awarded to German writer Herta Müller.
The Swedish Academy that decides the winner recognised her
Brazil’s President Lula da Silva, emotional after his country’s successful bid to hold the Olympics, has been in Stockholm for the third European


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The startup just closed its $20M Series A to expand telehealth service to new school districtsRead more...
The subscription-based fashion retailer JustFab is adding more than 500k members monthly
The Web retail space has become a very personalized and informative marketplace where consumers can learn about far more new products than when they pop into local boutiques. One company taking the approach that women want to have professionals help curate and discover new items just for them, JustFab, has grown its monthly shoe-showcase-subscription program into a style-centric club that everyone wants to join.
Now focusing on shoes, jewelry and handbags, JustFab has revealed that its two-year-old, e-commerce start-up has passed six million members and just experienced 50% growth from Q4 2011 to 2012 Q1.
The Los Angeles-based fashion company is also adding roughly 500,000 new members each month – all looking to find amazing fashion pieces for an attainable $39.95 per piece.
With this growth announcement, JustFab is also opening up its service to those that aren’t ready to take the plunge and be a monthly member they can purchase the items at a non-member rate of $49 or $69 per item – still a average savings per item of close to $20-$30.
Co-CEO of the company, Adam Goldenberg, explained to me in an interview that while the subscription model has been a great system, the company didn’t want to make people new to the site skittish.
“Our average member shops with us 30 times per year,” Goldenberg said. “So we have a powerful connection with those willing to jump right in and subscribe, but we really wanted people to every option possible to see our products and try out the service.”
Goldenberg and his co-founder and co-CEO Don Ressler started JustFab by self-funding the initial $30 million and landed a $33 million Series A round back in September. That same month the company also announced that it had signed on Kimora Lee Simmons, the fashionista behind Baby Phat, as the president and creative director.
Though based in the US, JustFab has just launched in Canada and is gearing up to become a force to reckon with in the German market as well.
How it works
All you have to do is create a profile by picking from a variety of images – by choosing the ones that best fit your style. The platform prompts you to choose from bohemian and business casual options and even a line-up of celeb red carpet outfits in order to offer the best styles that fit your shoe and accessory desires.
Customers are also encouraged to rate shoes they see on the site based on style and color so that, in the future, it can tailor your preferences better.
JustFab has a stable of stylists picking out the latest trends to offer people with different tastes and provide not just the items, but also the rationale and combinations suggested behind the choices.
Currently the young company has 150 fashion consultants creating personalized boutiques and are available online for consultation 24/7. You know, in case there is a serious fashion emergency.
Goldenberg even divulged to me that as the company has built out its online community of stylists and member, many of the people online have posted items they bought, pairings and fashion situations to get expert advice.
JustFab’s demographic sweet spot is women 24-35, but they do have a broader appeal (thanks to the specialized style themes) to women 18-40.
JustFab is in the same space as ShoeDazzle and offers items at the same price point, but Goldenberg explained that his company differs from its competitor primarily because it is growing its site into an entire style source.
"We like to think of JustFab as a fashion magazine tailored to our clients with the perk that you can buy the featured items and not break the bank," Goldenberg stated.
The growing demand around online fashion
High fashion has usually been unattainable to the masses because of the price-point, the physical access and the knowledge. The Internet has changed that around completely. Now everyone can know (up to the minute) fashion trends. Everyone can also get anything delivered to their door in a matter of days. And most fashion houses can start cranking out affordable versions of couture in weeks rather than months.
So now fashion has become the hot commodity online as VC's scramble to back the best bets and online retailers try to expand their reach to include fashion items.
At the beginning of the year, the design retailer Fab.com announced that it acquired the community-selected marketplace of designers: FashionStake. In the past two years, Fab.com has done a lot of innovating and pivoting to find its niche and was handsomely rewarded with more than $50 million of funding from venture big boys such as Andreessen Horowitz, Menlo Ventures and First Round Capital.
Now that the company has the capital to start acquiring other design, fashion and daily deal sites, things are getting quite interesting.
Just last week, a new company, Style For Hire, set out to bring the curation and personalization of having a stylist to the masses. The young supportive fashion company, co-founded by celebrity stylist Stacy London and Cindy McLaughlin, launched with 135 stylists in 24 cities in the U.S. today. In cities including New York, Los Angeles, Chicago, San Francisco and Boston; Style For Hire wants to match you up with a stylist that understands your aesthetic and can help you get all those needed elements into your wardrobe.
The company offers multiple services, including closet audits, closet shopping, and personal shopping. So whether you are about to enter the workforce, change professions, you've just lost the baby weight, you are shopping for the wedding, or just need a boost in you winter apparel, Style for Hire professionals could be the solution.
The rate per hour ranges from $65 to $300 and the average length of an appointment is 2.6 hours. The company started with a soft launched about a year ago, and is already seeing 46% of clients re-book two or more times and 22% came back three or more times within the year.
The company has raised $1.5 million in funding from Golden Seeds thus far.
The public might just be runway ready very soon at this rate.
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Pearl Health closed down this year as digital therapeutics companies struggle to gain adoptionRead more...
The collaboration will include chatbots for patients and Mercy workersRead more...
Related Companies, Investors, and Entrepreneurs
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JustFab (www.JustFab.com) is an online fashion styling service and
lifestyle fashion brand that offers members a fun and engaging personalized
shopping experience. Members of the fashion service are given the celebrity
treatment every month as they receive a customized selection of shoes and
handbags, handpicked by stylists, along with the JustFab basics of denim and
other fashion essentials. VIP members can purchase items for $39.95 and
shipping is always free.


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Author, screenwriter and multihyphenate Neil Gaiman is continuing his relationship with Amazon Studios, striking a new deal that gives the streaming service exclusive content…
The exclusive deal will see the writer generate content for Amazon that’ll be distributed in over 200 countries and territories worldwide. Gaiman’s deal comes ahead of his hotly-anticipated new series, Good Omens, adapted from the book he co-wrote with the late Sir Terry Pratchett, which is set to air next year.
Gaiman’s TV slate is bustling right now – aside from Good Omens, the writer has the second season of American Gods bowing on Starz next year and earlier this year he signed a deal with Fremantle North America to adapt his novel, Gormenghast for TV.
For Amazon Studios this isn’t the first high-profile creator deal they’ve inked – Gaiman follows Get Out director Jordan Peele, The Handmaid’s Tale director Reed Morano, Catastrophe creator Sharon Horgan and Game of Thrones‘ Bryan Cogman.
We’ll pass on news of Gaiman’s future projects as and when we receive it.


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If you are looking to grow organic food in the UK, you have to think about it again. An agricultural experts claimed that soil here is so polluted with petrol fumes that it is impossible to grow organic
This claim was made by Jules Pretty who is a professor of environment and Society at the University of Essex, England. Although growing organic food is impossible, Jules Pretty encourages growing crops closer to roads. The nitrous oxide released from cars is actually a pretty good fertiliser.
It is a fact that majority of people find it difficult to think about consuming food growing next to busy roads, Mr Pretty thinks it can do wonders for crop yield. Continuing talking about how petrol fuels can be good for yields, he also suggested moving farms closer to QE2 bridge in his native country. He claimed that farmers can see huge rise in crop yields by taking this simple step.
He said if electrically-powered cars and other vehicles become standard, farmers could be left forking out for huge amounts of fertiliser to compensate for the loss of pollution from the greener forms of transport.
Giving a lecture on the further of farming at the British Science Festival held in Bradford University, he said: “Agriculture carried out near roads benefits growth because of the pollution produced by traffic – nitrous oxides.
“The average level of nitrous oxides in UK soil from traffic is 30kg per hectare, but when it is close to a road, you are looking at double – 60kg per hectare. This is effectively free fertiliser.”
He cited the example of the QE2 Bridge at the Dartford Crossing, which takes 150,000 vehicles a day between Essex and Kent, as being one of the most abundant producers of this “free fertiliser.”
Mr Pretty, who is also an author and deputy vice-chancellor of the university, added: “I won’t have the debate now that there is no such thing as organic farming in the UK, because all the farms get free fertiliser from traffic pollution, but if electric cars do come in we will have to add fertiliser to the land to make up for the loss in pollution.”
His comments are likely to anger advocates of organically grown crops and produce who have long argued it is worth the British public parting with the significant extra cost for organically-farmed goods, because of the “improved quality, health benefits and environmental benefits.”
According to the website of Organic Food Federation, which certifies organic producers as genuine, “Organic production is fully sustainable and environmentally sound.”
It added: “There is an increased awareness of the importance of sustainable methods of food production which reduce the detrimental impact on the environment.
Read the full article at www.express.co.uk.


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Tesla CEO Elon Musk said employees at the company’s production plant haven’t unionized because “they just don’t want to” on Sunday.
“They can form a union whenever they want & there’s nothing I can do to stop them,” he wrote. “California is a very pro-union state. They just don’t want to.”
A January 2017 Medium post from a Tesla employee describing challenging work conditions at the Fremont, California, plant where Tesla makes its cars led to a unionization effort from some employees at the factory.


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Tag: PS4 news
Having missed out at this year's Gamescom, Sony is (hopefully) bringing the goods at Paris Games Week. Today is their big media conference, and you can watch it live, right here with us as it all goes down!
Netherrealm Studios, the Mortal Kombat creators, and developers behind the successful DC Comics fighter Injustice have announced that a brand new Ultimate Edition of the game will be releasing next month, including all DLC, as well as adding the PS Vita and PS4 to the systems...but no Xbox One. Curious. Come inside for the full press release and details!
Sony's GamesCom conference has wrapped up and while the biggest news was the official announcement of the release date, plenty of other news came out during the event. From new games, new trailers, Vita news, and a slew of indie games, there was plenty of information being doled out. If you didn't get a chance to watch the conference live with us, we've decided to lump all of the news into one convenient spot for you. Come inside to check it all out!
Sony's press conference at this year's Gamescom is coming up, and at long last we should know when we'll be able to get our hands on the PS4. You can watch the entire conference LIVE right here on Cinelinx with us, and enjoy the announcements as they come!


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|Megan Oberholzer, Portfolio Director: Travel, Tourism & Sports Portfolio for Reed Exhibitions South Africa says that the partnership with IGLTA is another way that WTM Africa continues to track the latest international travel & tourism industry trends. “LGBTQ+ Travel is on the rise globally, and facilitating safe, comfortable travel for LGBTQ+ travellers to Africa’s wonderful destinations is the focus of EQUAL Africa in partnership with IGLTA,” she says.
“IGLTA is pleased to partner with WTM Africa on this initiative to expand support and visibility for LGBTQ+ travel in Africa,” says John Tanzella, IGLTA President/CEO. “Equal Africa is about furthering important conversations about inclusive and accessible travel into Africa for the LGBTQ+ community and opening new avenues for travellers to explore”.
Attendees at EQUAL Africa in partnership with IGLTA can also look forward to other trending topics and content shares from over 150 speakers from around the globe in six different theatres on the #WTMA20 show floor.
To find out more about EQUAL Africa in partnership with IGLTA, visit http://africa.wtm.com/. #WTMA20 takes place in Cape Town from 06th to the 08th of April 2020.


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Wheat and maize milling company Bokomo Botswana aims to invest 40 million Pula in a plant to produce popular Simba Snacks Nik Naks. This follows government’s restriction of importation of maize extruded snacks last year to encourage local production.
Bokomo has for the meantime been acquiring permits to import the products which they supply locally, and now looking ahead see an opportunity in investing in production locally. Bokomo Botswana CEO Werner de Beer said they would be getting into a board meeting this Thursday to fine tune their ambitions and determine plans for undertaking this new venture. He however sees an opportunity to supply beyond the boarders of Botswana, though for what he calls a risky large investment.
“It is a huge investment for Nik Naks chippies, so careful consideration has to go into it. The Botswana market alone won’t be enough for this massive investment, so we are also looking to export,” noted De Beer.
De Beer’s reservations lie in the uncertainty surrounding the Southern African Development Community (SADC) market. He fears other countries could possibly follow Botswana’s lead of closing boarders for maize snacks imports.
“If one country in SACU or SADC closed its boarders for importation, the other governments could reciprocate,” the Bokomo CEO noted. “Now we undertake this massive capital investment, and the next thing we have Namibia, Zambia, Zimbabwe and other countries closing their boarders for our snacks to be exported. It’s a big gamble,” continued De Beer.
However, Bokomo also sees a great opportunity for employment creation through this new undertaking. De Beer also believes there are a lot of skills to be transferred to the local market, once production is in full swing.
Recently government through Investment, Trade and Industry Minister Mmusi Kgafela announced that 40 million Pula was being raised by private sector for local production of maize snacks since the importation restrictions. Meanwhile Acting Director Industrial Affairs in the ministry Ruth Baoki said they are seeing other new entrants in the market looking to invest in this opportunity, noting two other companies that ministry is currently in discussions with.
“These companies should be in production before the end of the year, in fact, we anticipate one of them to be already in production by June, “ Baoki revealed. She further noted that interest is growing within private sector to invest in production of maize extruded snacks, especially from those companies which were supplying the Botswana market heavily, and now want to have set ups locally. She shared there’s about 25 million Pula more among other investors geared towards the same.


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Advertising & Marketing
After a year of rumors, Facebook confirmed its plans to create a financial system based off a new cryptocurrency called Libra. While the company derives a majority of its revenues from advertising, it’s clear that it’s been trying to diversify its income, and this new digital currency—along with its new digital wallet feature Calibra—is the next step in executing this strategy.
Connected TV inventory is growing like weeds. We expect that more than half of the US population (57.2%) will watch connected TV in 2019, up from 51.7% in 2017. And the time they spend watching will increase too, which means the amount of connected TV inventory available to advertisers is proliferating.
Direct-to-consumer (D2C) brands thrive on their abilities to build strong customer relationships, optimize data and identify the unmet needs of modern customers. More and more, brands see these digital natives as a threat.
eMarketer forecasting director Shelleen Shum shares our internet time spent numbers for China and . Watch now.
Measuring influencer attribution is already an issue for marketers, and the recent privacy updates on browsers like Apple’s Safari and Google Chrome aren’t going to make things easier.
It’s been one year since GDPR became enforceable and marketers are still anxious about data regulation. Since the law went into effect, ad trade groups have become more accepting of outside regulation but they still want to shape the laws that affect their industry.
This summer, Nike will roll out its latest augmented reality (AR) initiative, Nike Fit. While the feature is another move toward independence and away from wholesalers, it could also help to alleviate the biggest hassles of online shopping when it comes to clothes and accessories.
While the vast majority of TV advertising is still bought and sold through traditional methods, change is happening, and vendors don’t want to miss out.
eMarketer vice president of multimedia Paul Verna joins us to discuss how some TV ads lose effectiveness when they’re not viewed in real time. Considering the high percentage of ads that are time-shifted, this is a potential concern for traditional TV advertisers.
Verizon, Chobani and Trunk Club Execs on the Challenges and Successes of Operating In-House Agencies Jun 18
The term “in-house agency” can mean many different things. It could mean a brand is expanding its internal operations to include in-house creative and media teams. Or it could involve a company that is expanding its partnerships to include consultancies and tech vendors that help set up and staff those in-house agencies. There is no one-size-fits-all approach to how the modern advertising ecosystem operates.
Furniture is one of the fastest-growing categories in ecommerce today. More consumers have come around to the idea of purchasing furniture online, and new direct-to-consumer (D2C) companies are entering the space, hoping to win market share by streamlining aspects of the customer experience like cost, shipping and installation.
Digital's share of time spent is above 50% in China, US, UK, South Korea and Canada, but under 50% in France, Germany, Japan and India.
Direct-to-consumer (D2C) companies continue to disrupt traditional retail, and taking note of their marketing investment strategies might benefit traditional retailers that see these digitally-native newborns as competition.
eMarketer forecasting director Shelleen Shum discusses our numbers on internet usage in China and the closing gap between urban and rural populations. Watch now.
eMarketer principal analysts Lauren Fisher and Karin von Abrams, senior analyst Bill Fisher and research analyst Matteo Ceurvels reflect on the first year of the European Union's General Data Protection Regulation (GDPR). How has it affected business and everyday life? And what does the future hold for similar legislation in the US and elsewhere?
According to a January 2019 survey from influencer marketing agency Mediakix, 61% of US marketers agreed that it’s difficult to find the right influencers for a campaign. And more than one in four US marketers said that brand safety and alignment was a challenge when it comes to influencer marketing.
In an IAB poll of marketers, half of the respondents defined OTT as streaming video that appears on any screen and 48% defined OTT as streaming video that appears on a TV screen.
Most business-to-business (B2B) marketers do some sort of content marketing, but they often do not measure the payoff of their content efforts.
While the ability to identify customers across marketing channels has improved, most marketers still struggle to deliver data-driven experiences across all touchpoints.


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Hoons to pay the price
Geraldton's first impounded vehicles disposal auction tomorrow emphasises a no-tolerance approach to hooning and other traffic offences, police say.
Mid West Gascoyne Inspector GarryCunningham said authorities were serious about using the impounding laws to get dangerous and repeat offenders off the road.
“If you are driving without a licence or in any other way breaking the rules, you will lose your car for 28 days, sometimes more,” he said.
“And if you don’t collect your car at the end of the impounding period, we will sell it to help cover costs.
“Even after it is disposed of at auction, the owner will be up for more money to make up the difference.”
Inspector Cunningham warned that all police vehicles in the Mid West had the Tardis technology which enabled instant identification of vehicle owners.
“We’re seizing a car a day and getting these people who are making our roads dangerous and driving when they shouldn’t be,” he said.
The impounded vehicles disposal auction will be held at Boneham’s Towing in Boyd St, Webberton.
Potential buyers can inspect the vehicles from 9am and the auction will be held at 11am.
More than 20 vehicles, ranging from a 1976 Rover to a 2004 Holden Commodore and even some motorbikes which have not been claimed by their owners, will be up for grabs.
Auctioneer Angelo Catalano said it would be well worth attending the auction.
“Just as in other impounded vehicle auctions I’ve done in other parts of WA, there are some pretty good bargains to be had,” Mr Catalano said.
“I’ve seen vehicles sell for $50 to $100, and at Bunbury, a car worth $2500 to $3000 went for around $500.
“They do have to be relicensed, but people looking for their first car or a cheap second car may see some value in attending”.
Boneham’s Towing owner Phil Boneham said many owners of seized cars were reluctant to pay fees to recover their vehicles at the end of the impoundment period.
“What they don’t realise is once the vehicles are disposed of, the government will still be after them to pay the costs of towing and keeping the vehicles in the car yard,” he said.
“Eight or nine of the cars marked for the auction have been sitting around here since August and that is costly.”
Mr Boneham said his company was not allowed to contact the owners directly, but police had given them every opportunity to recover their vehicles before putting them up for auction.
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Canada: Loblaw posts 6.9% rise in quarterly revenue
Canadian retailer Loblaw Cos Ltd reported a 6.9% rise in quarterly revenue, boosted by online sales as stuck-at home consumers spend more on groceries during the COVID-19 pandemic. Net earnings attributable to shareholders rose to C$345mln ($264mln), or 96 Canadian cents per share, in the third quarter ended October 3, from C$334mln, or 90 Canadian cents per share, a year earlier. Revenue rose to C$15.67bln from C$14.66bln.
US: Grocery Outlet fuels expansion as third-quarter sales climb
Grocery Outlet Holding Corp. saw net sales climb by double digits and earnings per share more than triple in its fiscal 2020 third quarter. In reporting the quarterly results, CEO Eric Lindberg also announced that veteran retail grocery technology executive Harrison Lewis has joined the company as chief information officer. For the quarter ended September 26, Grocery Outlet tallied net sales of $764.1mln, up 17.1% from $652.5mln a year earlier. Comparable-store sales rose 9.1% year over year.
US: Aldi promises a Thanksgiving meal for under $30
Aldi is selling Thanksgiving meal ingredients for under $30 and providing all of its workers with two $30 gift cards each, the discount grocer announced. The Thanksgiving dinner, which can feed up to 10 people, includes a Butterball turkey, bagged stuffing, sweet potatoes, Hawaiian sweet rolls, frozen peas, fresh cranberries, carrots, celery, canned pumpkin pie mix, pie crust, whipping cream and a gallon of whole milk. The discount grocer said the meal price is lower than what it offered customers last year. The announcement bolsters Aldi’s reputation for low prices and joins a string of recent news from grocers looking to make meals affordable for shoppers and support their workers this holiday season.
US: SpartanNash reports 3.1% Q3 revenue gain
SpartanNash posted a 3.1% year-over-year revenue gain for the third quarter of 2020, with net sales reaching $2.06bln. Retail comparable-store sales of 10.6% were positive for the fifth consecutive quarter, the Grand Rapids, Michigan-based food retailer said. The company also reported an adjusted EBITDA increase of 37.2% to $57.0mln, from $41.6mln in the prior-year quarter. During the third quarter of 2020, the company experienced more than 175% growth in its e-commerce business.
Amazon expands garage delivery service
Amazon is expanding its In-Garage Delivery service - a move that involves groceries. The e-commerce operator said that tens of millions of Amazon Prime members will now have access to Key by Amazon’s In-Garage Delivery service in more than 4,000 cities across the United States. Key In-Garage Delivery lets eligible Prime members enjoy contactless package delivery securely inside their garage, and offers convenient delivery confirmation for customers using the Key by Amazon app.
Walmart to operate holiday pop-ups for online fulfillment
Walmart’s holiday preparation includes creating “pop-up e-commerce distribution centers” to fulfill home delivery orders. The discount behemoth is taking space in 42 of its existing regional distribution centers (RDCs) across the U.S. and creating pop-up e-commerce distribution centers, or eDCs, to meet its growing demand for delivery of online orders directly to customers. Walmart expects to ship up to 30% of its holiday volume from these pop-up eDCs.
Ireland: Aldi on-demand Deliveroo service reaching 1.5mln shoppers
Supermarket retailer Aldi is expanding its on-demand home delivery partnership with Deliveroo to more than 1.5mln shoppers in the Republic. The supermarket chain said given the success of the service it has been expanded to shoppers from across the whole of Dublin, Cork, Galway and Limerick cities with the number of items that can be ordered for delivery in as little as 30 minutes increasing again to over 350. Trends show the top 5 items purchased from Aldi through the Deliveroo app are orange juice, fresh milk, mushrooms, peppers and chicken breasts.
Portugal: Sonae ekes out Q3 profit as sales rise on easing lockdown
Portugal’s largest retailer Sonae eked out a 1.6% rise in third-quarter net profit on robust sales as the economy emerged out of a lockdown, helping it rebound from a loss in the preceding 3 months due to the COVID-19 pandemic. The group, which runs around 300 Continente hypermarkets and large supermarkets, Worten consumer electronics stores, Sportzone stores and other retail chains, said its net profit reached 51mln euros ($60mln) in July-September. Consolidated sales rose 5.9% to 1.77bln euros in the third quarter, with sales from the food retail unit Sonae MC increasing 7.4% to 1.34bln euros, the company said.
UK discounter B&M thrives in pandemic as earnings double
B&M, the British discount retailer that entered the FTSE 100 index in September, reported a 95% rise in first-half core earnings as its low prices and out-of-town stores chimed with consumers during the COVID-19 pandemic. The group, which sells everything from homewares and toys to electricals and food, said like-for-like sales in its main B&M UK business soared 23% in the 26 weeks to September 26.
Spain: On-demand delivery app Glovo is spinning up a B2B logistics unit for super speedy urban delivery
Spain’s on-demand delivery app, Glovo, is gearing up to be able to deliver a much wider range of products within a 30-minute time frame by rolling out a B2B logistics play - drawing on a network of city centre warehouses that it plans to massively expand over the next 12 months. It’s just announced the launch of a new business unit, called Q-Commerce - the “Q” standing for quick - to accelerate development of a B2B service that will see it offer to stock third parties’ products in its warehouses and have the couriers that operate on its on-demand platform make deliveries for other businesses too - offering what it bills as a “turn-key” logistics solution for businesses of all sizes to underpin their own online stories.
Holland: Albert Heijn pulls plug from voice assistant
The end of voice commerce at Albert Heijn: the supermarket chain has discontinued its app for Google Assistant. The test was unsuccessful and will not be continued. However, Belgian competitor Colruyt will continue with the speech technology.
UK: Sainsbury’s opens the doors to new format Neighbourhood Hub stores
Sainsbury’s has opened the doors of two new stores with a fresh new Neighbourhood Hub format, less than a week after announcing plans to roll out around 18 hub stores over the next three years as part of its plan to put food back at the heart of the business. The new stores in Bishop’s Waltham and Midhurst are two of only three of their kind across the retailer’s estate following the success of the 2019 pilot in Woodhall Spa.
UK: Tesco fast tracks emissions target with solar push
Britain’s biggest retailer Tesco will set up solar farms, fit more solar panels in its stores and roll out electric vehicles, bringing forward a target for its UK business to be net zero carbon emissions by 15 years to 2035, it said. To support the wider adoption of electric vehicles across Britain, Tesco is also rolling out 2,400 charging points for customers across 600 stores.


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A lot more than 20 million People in the us have actually applied for these loans, while the normal stability is over $16,000
Us americans are hungry for signature loans that they’ll utilize as quick money to fund any such thing from holidays to personal credit card debt, a prospective warning sign for the economy.
Signature loans are up significantly more than 10 % from this past year, relating to information from Equifax, an instant rate of development who has maybe perhaps not been seen for a sustained foundation since briefly ahead of the Great Recession. All three associated with consumer that is major agencies вЂ” Equifax, Experian and TransUnion вЂ” report double-digit development in the forex market in current months.
Specialists are amazed to see scores of People in the us accepting a great deal unsecured loan financial obligation at a time if the economy appears healthier and paychecks are growing for most employees, increasing questions regarding why a lot of people are searhing for a supplementary infusion of money.
вЂњDefinitely yellowish flares must certanly be beginning to set off,вЂќ said Mark Zandi, primary economist at MoodyвЂ™s Analytics, which monitors credit rating. вЂњThereвЂ™s a classic adage in banking: it most likely is really a weed. if it is growing just like a weed,вЂќ
Unsecured loans are credit card debt, meaning there isn’t any asset that is underlying a house or automobile that backs the mortgage if somebody cannot repay. The typical personal bank loan balance is $16,259, in accordance with Experian, an amount that is just like credit debt.
Unsecured loan balances over $30,000 have jumped 15 per cent within the previous 5 years, Experian discovered. The trend comes as U.S. personal debt has already reached record levels, based on the Federal Reserve Bank of the latest York.
The growth that is rapid signature loans in the past few years has coincided having a FinTech explosion of apps and sites which have made acquiring these loans a simple procedure that can be carried out from the absolute comfort of oneвЂ™s family room. FinTech organizations take into account almost 40 % of personal bank loan balances, up from just 5 per cent in 2013, in accordance with TransUnion.
Significantly more than 20 million Us citizens have actually these short term loans, TransUnion found, twice the amount of people which had this sort of debt in 2012.
вЂњYou could possibly get these loans rapidly along with a really smooth, sleek experience on the web,вЂќ said Liz Pagel, senior vice president of customer financing at TransUnion. вЂњWe havenвЂ™t seen changes that are major this into the monetary solutions landscape frequently.вЂќ
Complete outstanding loan that is personal endured at $115 billion in October, based on Equifax, much smaller compared to the car loan market ($1.3 trillion) or bank cards ($880 billion). Economists whom view this financial obligation closely state unsecured loans are nevertheless too small to rock the complete economic climate in how ten dollars trillion worth of mortgage loans did throughout the 2008-09 economic crisis.
But unsecured loan debt is straight right back at amounts perhaps perhaps perhaps not not even close to the January 2008 top, & most of the FinTech businesses issuing this debt werenвЂ™t around throughout the final crisis, meaning they usually havenвЂ™t been tested in a downturn.
вЂњThe finance industry is definitely wanting to persuade us that we now have few risks to borrowing and overleveraging is perhaps not an issue,вЂќ said Christopher Peterson, a University of Utah legislation teacher and previous adviser that is special the buyer Financial Protection Bureau. вЂњOverleveraging yourself is dangerous for people as well as our nation.вЂќ
The U.S. economy is run on consumer investing, and financial obligation assists fuel a few of the acquisitions. Economists are viewing closely for indications that People in america are struggling to cover their bills, and loans that are personal be one of those.
The most frequent receiver of the loan that is personal some one by having a вЂњnear primeвЂќ credit history of 620 to 699, an amount that indicates they’ve had some trouble making re re re payments into the past.
вЂњThe almost all the industry is truly in your mid-600s to high 600s. ThatвЂ™s types of a spot that is sweet FinTech lenders,вЂќ said Michael Funderburk, basic supervisor of signature loans at LendingTree.
Funderburk claims they see lots of customers who will be used вЂњdoing perfectly fineвЂќ using their funds, but one thing unexpected takes place such as for example task loss or even an emergency that is medical they wind up lacking a bill or gathering more debt than they desired.
The majority that is vast of head to FinTech providers such as for instance SoFi, LendingTree, LendingClub and Marcus by Goldman Sachs for debt consolidation reduction, lenders state. Individuals operate up financial obligation on numerous charge cards or have a bill that is medical credit debt and they’re attempting to make the re payments more workable. Some seek a lesser payment per month, comparable to refinancing a home loan. Other people like to spend the debt off in 36 months to wash up their credit history.
FinTechs say they’ve been assisting people make smarter financial choices. While a charge card permits visitors to keep borrowing so long as they truly are under the borrowing limit, your own loan is actually for a hard and fast amount and should be paid down over a hard and fast duration, generally speaking three or 5 years. Some online loan providers enable individuals to check around when online payday UT it comes to rate that is best, and a lot of of the primary players cap the attention price at 36 per cent to make certain they’re not offering any cash advance items.
But there is however concern that some Americans have unsecured loans to over tide them and then continue to accept more bank card or other financial obligation.
Credit debt has continued to increase alongside unsecured loans, based on the latest information from the Federal Reserve Bank of brand new York. TransUnion has recently noticed an uptick in retailers providing unsecured loans when somebody comes into the cashier to get furniture or holiday toys.
вЂњWe have blended feelings about signature loans. These are generally better than charge cards as the re payments are fixed,вЂќ said Lauren Saunders, connect manager of this National Consumer Law Center. вЂњThe issue is many individuals nevertheless have actually their charge card and wind up operating up their charge card once again, it. so that they result in a even worse situation with personal credit card debt and installment loans at the top ofвЂќ
Saunders additionally notes these loans are primarily managed by state law, and also the guidelines and watchdog abilities vary commonly by state.
FinTechs say these are typically utilizing technology to supply a far better deal. Certainly one of their big innovations is providing those who sign up for unsecured loans a discount when they transfer the bucks they get through the loan right to spend their bills off in place of delivering it for their banking account first.
вЂњThis has been one of the more products that are successful have actually ever launched. Individuals are wanting to perform some thing that is right theyвЂ™re getting offered a lower life expectancy price when they do stability transfer and direct deposit,вЂќ said Anuj Nayar, a economic wellness officer at LendingClub, a peer-to-peer loan provider that gives unsecured loans as much as $40,000.
Inspite of the fast development in unsecured loans recently, borrowers seem to be in a position to spend back once again your debt. The delinquency price for signature loans is 4.5 %, relating to Equifax, a level that is low historic criteria and well underneath the 8.4 % delinquency price in January 2008.
But while the quantity of Us citizens with your loans grows, therefore does the potential for pain in the event that jobless rate ticks up and much more individuals find themselves strapped for short-term money.


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The most significant development in the executive summary (Reuters Digital report 2018), seems to be the “many media companies shifting models towards higher quality content”.
Here are extracts from Reuter’s report to support this statement.
It should be noted that our polling was conducted (mostly) before the implementation of a much publicised Facebook algorithm change in 2018.
10 – The use of social media for news has started to fall in a number of years of continuos growth. Almost all of this is due to a specific decline in the discovery,posting, and sharing of news in face book
At the same time, we continue to see a rise in the use of messages apps for news as consumers look for more private (and less confrontational) spaces to communicate.
33 – Concerns about the quality of information that emerged in our data last year seem to have solidified now across our 37 countries. Looking back, we can see that disillusion with Facebook set in as early as 2016 while this years focus groups show heightened worries about privacy, heated conversation and unreliable news.
13 – A number of media organisations in Latin America have been experimenting.
Featured image Photo by GotCredit


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The company showcased four new sub-brands under ISOCELL, including one aimed at dual-rear camera smartphones, which could be used in the upcoming Samsung Galaxy Note 8 smartphone
Samsung has been tipped to finally join the dual-camera bandwagon and we might have gotten our clearest hint of this happening sooner rather than later. At MWC Shanghai, Samsung unveiled its new image sensor brand, ISOCELL and showcased four of its sub-brands. These are called Bright, Fast, Slim and Dual.
ISOCELL Bright is said to deliver bright and sharp images with high colour fidelity and reduced noise in low light environment, while ISOCELL Fast is aimed at providing fast autofocus speeds on still or moving objects, even when it’s dark. The ISOCELL Slim sensors are aimed at thin devices and uses the smallest pixel sizes available in the in the market at 0.9um to 1um, while still producing high quality images. The ISOCELL Dual sensors are aimed at the trend of dual cameras and allows the sensors to be mixed and matched in various combinations.
“Samsung ISOCELL is a brand that represents the essence of our leading pixel technologies. We expect the ISOCELL brand to help consumers easily acknowledge and confide in camera performance as well as overall quality of the device,” stated Ben Hur, Vice President of System LSI marketing at Samsung Electronics. “With our advanced image sensor technologies, Samsung will continue to bring innovation to cameras used in smartphones and other applications.”
The upcoming Samsung Galaxy Note 8 has been tipped to sport a dual-rear camera setup and it is possible that the device be one of the first to utilise these new ISOCELL sensors, specifically ISOCELL Dual. The company is one of the few major manufacturers to not have device with a dual-rear camera setup. OnePlus recently joined the dual-camera bandwagon with the OnePlus 5. The device sports a 16MP and 20MP camera combination with one wide-angle lens and the other offering 2x lossless zoom.


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Gig economy companies want to turn California voters’ decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and rival services be treated as employees with higher compensation.
Voters in California on Tuesday approved a ballot proposal by Uber Technologies Inc, Lyft Inc and its allies that cements app-based food delivery and ride-hailing drivers’ status as independent contractors, rather than employees.
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Uber’s shares rose 12%, while Lyft jumped 9%. The companies, along with DoorDash, Instacart and Postmates, poured more than $205 million into the campaign.
According to California figures, 58% supported the measure. The results are incomplete and must still be certified.
The ballot measure, known as Proposition 22, carves an exception for ride and delivery companies in a controversial state labor law and offers gig workers some healthcare, minimum pay and other benefits. The state had said gig workers would have to be treated as employees under the law.
“Now, we’re looking ahead and across the country, ready to champion new benefits structures that are portable, proportional, and flexible,” DoorDash Chief Executive Officer Tony Xu said in a statement.


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Maruti has spent Rs 470 crore on the development of its latest car and expects that the new Alto will help the company get back its market share.
New Alto assures to give fuel efficiency of 22.7km/litre; 15% higher over its predecessor. The first Alto ever was launched in 2001. Since then, the company has sold 20 lakh models in India and exported 2.5 lakh. But, sales of Alto fell 35% in April-August 2012 to 89,000 units.
Now India’s market leader Maruti Suzuki said that it was finalising raise in the prices of its vehicles, which it would warn later this week. This is a clear sign of a fresh round of hikes in the domestic car.


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Jobs at startups require canadites with more than a strong resume
When your healthcare startup has finally progressed to the level where you’re ready to bring on board another staff member – or maybe a few – how will you know who is the right person for the job?
Those first few hires can set the tone and determine the culture of your startup, so there’s no doubt they’re important. Tony Hsieh, the founder of Zappos, says his company does two sets of interviews – one to see if the candidate has the standard technical and team-working skills and another to see if his or her personality jibes with the company’s culture.
“We’ve actually passed on a lot of really smart, talented people that we know can make an immediate impact on our top or bottom line, but if they’re not good for our culture – which is more of a long-term play – then we won’t hire them,” he says in this interview with Business Insider.
It’s all about sacrificing the short-term benefits and keeping in mind the long-term goals of the company. And the wrong hire? It can have a domino effect, like the 100 million dollar effect Hsieh says it’s had on his online retail store’s 11-year run. “It’s tempting to put any warm body that’s semi-qualified into a position that needs to be filled, and that’s part of the reason we do the interviews separately.”


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New Delhi, India -- India’s government said Thursday that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.
The approved plan calls for overseas companies to put half of their investment in infrastructure such as processing, manufacturing, storage, warehouses and packaging.
The announcement follows the government’s December 2011 decision to reverse a ruling that allowed overseas companies to own 51% of Indian retail stores. Wal-Mart called the latest decision an important first step for India to further liberalize the retail industry.
Foreign companies are currently allowed to invest in supply chains and wholesale stores, which sell to local retailers and businesses.


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Accenture to Lead UAE National Instant Payment Platform Consortium3. February 2022
Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years.
The new platform lays the groundwork for transforming the financial services ecosystem in the UAE. It represents the beginning for the next generation of payment services in the region, enabling safe, innovative, and convenient electronic payments in the country. IPP is the first significant milestone of the national strategy, allowing real-time payments and fund transfers 24 hours a day.
“We look forward to collaborating with the consortium to build and operate this future-ready national infrastructure project to support the financial services ecosystem,”
said Michael Abbott, who leads Accenture’s Banking practice globally.
“This innovative project will help ease trade and transactions, enhance customer experience, and accelerate technological advancements for financial institutions, large businesses, and small and medium-sized enterprises in the UAE and the region.”
By providing innovative payment services to participants and their end-users, the IPP will deliver the flexibility needed to respond to the rapidly changing payment market while complying with best practices and international standards, including ISO20022. The new platform will offer ease, speed and a seamless experience for consumers and businesses and will help the financial market infrastructure in UAE become future-proof.
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More Saudi players receive August prices from a local major
A plastic end product manufacturer reported that they received August PS prices with SAR75/ton ($20/ton) increases from July levels and stated that demand is nearly muted in their market since Ramadan month and it is expected to continue till the end of August since most of the market players are still on summer holidays. “Supplies are available, however the market is quiet and demand may pick up as of September,” he stated. According to him, the local major’s PS prices stand at SAR4875/ton ($1300/ton) for GPPS injection and at SAR5175/ton ($1380/ton) for HIPS injection, all on a FD Jeddah, Saudi Arabia, cash basis.
A trader operating in the country reported that the Saudi major offers PPRC pipe (Type 3) at SAR4875/ton ($1300/ton), PPRC injection at SAR4425/ton ($1180/ton), PP-homo raffia and injection at SAR3750/ton ($1000/ton), PP fibre and film at SAR3863/ton ($1030ton), LDPE film at SAR4425/ton ($1180/ton), LLDPE film at SAR4275/ton ($1140/ton), HDPE film at SAR4350/ton ($1160/ton), HDPE blow moulding at SAR4463/ton ($1190/ton), HDPE injection at SAR4538/ton ($1210ton), PET bottle at SAR3510/ton ($935/ton) and PVC k67-68 at SAR3375/ton ($900/ton), GPPS injection SAR4875/ton ($1300/ton)and for HIPS injection at SAR5175/ton ($1380/ton), all on a FD Jeddah, Saudi Arabia, cash basis.
A converter who reported receiving offers for PP-homo raffia at SAR3750/ton ($1000/ton) and HDPE film at SAR4350/ton ($1160/ton) with the same terms noted that producers rolled over their offers for August announcements in line with the market expectations. He added, “Demand is moderate but slow when compared to the same period of the last year.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market
- China’s PE uptrend fueled by US force majeures; LDPE soars to more than 1-year high
- Stats: China’s cumulative PP imports in Jan-July 2020 reach record-high
- Sept PP, PE trend begins to take shape in Saudi Arabia
- Sept expectations voiced in Europe; ABS draws rosier picture than PS


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New campaign urges consumers to take a fresh look at frozen
American Frozen Food Institute
The American Frozen Food Institute today launched a national effort to encourage consumers to take a fresh look at frozen foods through the "Frozen. How Fresh Stays Fresh." category education and promotion initiative.
Kellogg traders bet on Buffett takeover as stock climbs
Kellogg Co. options traders haven't been this bullish in seven years as speculation increases that Warren Buffett's Berkshire Hathaway Inc. may make an offer.
Opinion: Our ability to cope with foodborne outbreaks hasn't improved much
Food Safety News
Food poisoning is more common today than a century ago — and Hugh Pennington, a professor emeritus of bacteriology, says there are many reasons for this.
2014 poll: Voter enthusiasm sinks
Voter enthusiasm is at its lowest level for midterm elections in at least 20 years, according to a new Gallup survey.
Obama: Time running short for House on immigration reform
President Barack Obama on Tuesday said the House has a "very narrow window" of two or three months to move forward on immigration reform.
Strategists expect negative 2014 battle
Strategists in both parties are predicting a negative 2014 campaign focused on scaring base voters, they said in a panel discussion hosted Tuesday by The Hill.
Vermont attorney general seeks public input on GMO labeling law
Nexstar Broadcasting Inc.
Now that GMO labeling is law in Vermont, Vermont's Attorney General has started the rule making process and opened a public comment period for those who will be affected by the law.
GMO labeling bill advances in Massachusetts House (The Recorder)
Oregon county's GMO fight gains higher profile (Mail Tribune)
Maui anti-GMO group pays $5 per signature on petition (Honolulu Civil Beat)
No space for cultivation
or housing of germs.
• Removable bedplates
• Open and accessible
• Total sidewall opening
Drop in food stamp enrollment picks up steam
The Wall Street Journal
The number of Americans receiving food stamps is now falling at a faster clip, with more than 1.2 million people moving out of the program between October and February, according to federal data.
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Trash it or eat it? The truth about expiration dates
Health Hub from Cleveland Clinic
Upwards of 91 percent of consumers have thrown away food based on the dates on packaging. But the dating system isn't as clear as it seems. Nobody wants food poisoning, but few people want to waste food, either. Let's get some clarity.
EFSA calls for Listeria risk data
Food Quality News
The European Food Safety Authority has launched a call for tender concerning Listeria Monocytogenes in ready-to-eat foods.
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A 'high risk' industry: How can food producers survive and succeed?
Food Production Daily
Food producers need to keep up with technology, adopt risk management practices and work together to meet the increasing demand for food in the coming years, according to Frost & Sullivan.
Birds Eye creates pop-up restaurant where an Instagram picture buys dinner
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Is Hillshire paying too much for Pinnacle?
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Texans woo Sriracha factory as California officials plan vote
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Michael Pollan explores evolution of food preparation in 'Cooked'
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The secret Brazilian Happy Meal McDonald's keeps under wraps
With 35,429 restaurants in 119 countries, McDonald's has long offered food tailored to local tastes, from the McKafta in Egypt to the Filet O Shrimp in Japan and the McVeggie burger in India. While its Brazilian options are kept under wraps, they're available for purchase to avoid criticism the restaurant is serving employees special meals customers can't buy.
What we'll be eating in 5 years
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- Crypto merchants had been scammed out of Binance cash price round $2 million by way of Telegram, Bloomberg reported.
- A Telegram account that appeared to be linked to Reddit’s WallStreetBets provided a brand new WSB token to customers.
- That is the newest in a sequence of crypto scams which have value buyers thousands and thousands.
- Enroll right here for our each day e-newsletter, 10 Issues Earlier than the Opening Bell.
A Telegram account that appeared to be linked to Reddit’s WallStreetBets discussion board, however will not be really affiliated with the group, has scammed crypto buyers out of an estimated $2 million price of binance cash, Bloomberg reported on Tuesday.
Buyers had been inspired to wire binance or ether tokens to a digital pockets in trade for “WSB Finance” tokens as a part of a pre-mine sale. These gross sales supply cash for buy earlier than they’re listed on crypto exchanges.
The proprietor of the digital pockets linked to the rip-off has since eliminated over 3,451 binance cash, price over $2 million, from it. The dimensions of the funds made in ether was nonetheless unclear, as was whether or not the pockets proprietor had withdrawn the tokens, in response to Bloomberg.
Buyers by no means obtained their “WSB Finance” cash and had been instructed they wanted to pay one other sum of cash to safe their preliminary buy because of a server error that affected the brand new tokens.
The Telegram account had named itself “WallStreetBets – Crypto Pumps”, creating the phantasm that it was linked to the Reddit discussion board that drove the GameStop frenzy earlier within the 12 months and has grow to be a hotbed for inventory chatter. Aside from a quick exception final month, the WallStreetBets subreddit doesn’t enable discussions about crypto.
WallStreetBets – Crypto Pumps has since been deleted from Telegram, leaving with a message saying the proprietor was off to spend the cash they’d made off the rip-off. Bloomberg reported they wrote “shopping for lambo now” earlier than disappearing.
Crypto funds are made by way of a hyperlink to a digital pockets, which will be nameless. The anonymity, which is among the cornerstones of crypto and one of many important causes its followers assist it, opens up alternatives for scams or different illicit actions. It is among the key criticisms introduced by regulators and establishments.
This is not the primary rip-off to have an effect on the Reddit group. A number of weeks in the past, WallStreetBets members had been being invited to an app that was not affiliated with the web page, described as a “crypto pyramid scheme” by the individuals behind the account.
“We’re strongly anti-monetization. This rip-off has nothing to do with us.” WallStreetBets wrote in a message to boost consciousness about scams involving the discussion board, which is pinned to the highest of the web page.
Scams have additionally been on the rise extra broadly as crypto-mania has gripped buyers over the previous 12 months. Regulators just like the UK’s Monetary Conduct Authority and fraud-action watchdogs have issued warnings a few rising quantity or stories of crypto-related fraud.