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Capitol Comment 274 – It’s the New New Economy, Stupid!
In 1992, Bill Clinton coasted into the White House on a simple message: It’s the economy, Stupid. During his two terms in the White House, we saw a communications revolution that gave birth to the “New Economy.” As he prepares to leave office, President Clinton’s legacy could be described as the beginning of the “New New Economy.” Government lawyers and their private-sector trial-lawyer counterparts are attempting to replace engineers and designers as the driving force in the technology sector.
If the government continues picking winners and losers in the marketplace, legislators and litigators will replace investors and innovators as the people who build the future.
By week’s end, lawyers from the federal government and 19 states will submit remedy proposals in the Microsoft antitrust case. Do we want to allow government lawyers to plan the digital economy? Assistant Attorney General Joel Klein chillingly stated that this decision “sets the ground rules for enforcement in the information age.” This action will wed the information economy to what former Labor Secretary Robert Reich called “regulation through litigation.”1
Clinton Once Declared, “The Era of Big Government is Over.” In its place is a practice of suing companies in order to force a monetary settlement or an agreement to certain business conditions. In the past such punishment has been saved for politically unpopular industries, namely tobacco and firearms. But now the government wants to help some companies achieve through litigation what they were not able to get in the marketplace.
America’s combination of free markets and free minds have created a way of sharing information that is changing the world. Impressive amounts of wealth have been created along the way by not only the entrepreneurs who had the ideas, but also by average Americans who invested in this new sector through their mutual funds and retirement plans. These savings are in peril because of the government’s action; when newspapers reported Monday that the government would seek a radical breakup of Microsoft, rather than just try to regulate its behavior, the stock price dropped by more than $12 per share; investors lost more than $63 billion.
Until now, Government Officials have let well Enough Alone. The private sector develops, markets, and sells products to consumers who choose which ones will succeed and which ones will fail. Government coffers have benefited as well; a healthy economy leads to higher incomes, which bring in more money, which in turn, politicians spend freely. But now the government wants to get in on the game. So, they have shifted the focus of the information revolution from the West Coast to Washington D.C., from innovation to regulation.
Faster than a Suing Bureaucrat. The Microsoft antitrust case started with a complaint from Netscape. At that time, Netscape, the scrappy upstart, was pummeling Microsoft in the “browser wars” of the late 1990s. Microsoft had miscalculated the importance of the Internet and was desperately trying to catch up. Microsoft included free copies of its browser with its Windows operating system, and this action sparked the government’s antitrust suit.
But the times have changed. Market forces have turned the tables on Microsoft faster than the lawsuit did. Today, Netscape is now part of the AOL-Time Warner media juggernaut, whose online service has 22.2 million users and growing. In addition, Microsoft faces challenges from Linux, a free operating system, and from Palm OS, which dominates the handheld computing market. Some experts speculate that Microsoft’s attachment to its operating systems may cause its downfall, much like Apple’s attachment to its hardware led to troubles during the mid 1990s.2 These threats to Microsoft came about through market forces, not government intervention.
Nevertheless, it appears the government has decided that it cannot trust consumers to make the right choices when it comes to their software. But it may not end there. When Judge Penfield Jackson’s findings of fact were released in November, it was like blood in the water. Since then, 131 lawsuits have been filed in 37 states plus the District of Columbia.
Who Wants to Sue a Billionaire? Microsoft’s market dominance is not unique to the technology sector. Today’s rate of innovation lends itself to the quick adoption of standards, which are then widely accepted. No one seems to have the time to fight a VHS vs. BETA-type battle. Intel dominates semiconductors, Cisco rules networking, and Oracle is the standard for enterprise-level databases. Other technologies, such as Adobe’s Acrobat create new markets and then dominate them. How long will it be until companies who cannot break into these markets look for the government to give them a way in?
It’s the New New Economy, Stupid! If the government continues its campaign of picking winners and losers in the marketplace, legislators and litigators will replace investors and innovators as the people who build the future. The power to choose which companies and products succeed will shift from the wallets of consumers to the checkbooks of special interest groups and corporate lobbyists. In the end, we will all be poorer because of it.
1 Robert Reich, “Litigation is out, regulation is in,” USA Today, February 11, 1999.
2 See Neal Stephenson’s recent book, In the Beginning … Was the Command Line, for his argument that market forces may cause Microsoft to lose power.


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The truck driver knows all the rough roads on his route -- the craters on North 48th Street, the washboard stretch of Superior Street, the jostling along South 40th Street.
He’s learned to brace for these bumps after driving them daily, 64 miles each morning, from store to store to store.
Hold on, he says.
The truck driver also knows all of the grocery storeroom managers who help feed this city for free, filling shopping cart after shopping cart with the bread, bagels, butter beans, bananas, cookies, Crunch and Munch, mangoes and more he loads into the back of his 20-foot Food Bank truck.
Thank you, he says.
“One thing I do at every store is thank the stockroom people. Those are the people that the people in need never see. They won’t know Don or Randy or Jo or Deb. But they’re the ones taking the time to get ready for me.”
And then Gary Lockett Sr. pulls out of the Super Saver parking lot, shifting gears, slipping into traffic, heading to the next store -- collecting thousands of pounds of groceries but playing just one small part in the multimillion-dollar effort that has grown to help feed the thousands in and around Lincoln who can’t pay to put food in their cupboards, on their plates, in their bellies.
Plastic bags, empty stomachs
It’s a relentless river of food, measured in millions of pounds and always on the move -- flowing from donation barrel and stockroom to truck and trunk, inspected, sorted, loaded and unloaded, packed and unpacked, counted out and then carried away.
And those who rely on it gather by the thousands, sharing very little in common but a fundamental need to eat.
They learn where to line up, with their plastic bags and laundry baskets and empty stomachs: 1 p.m. Tuesday at the F Street Rec Center; 5:30 p.m. Wednesday at Cristo Rey; 1 p.m. Thursday at Malone.
And dozens more every week.
Last year, the Food Bank of Lincoln distributed nearly 9 million pounds of food, enough to make 7.5 million meals. That’s up 10 percent from the previous year.
And the all-volunteer FoodNet helped nearly 300,000 people last year, welcoming the hungry with excess and expiring grocery store and restaurant food at 22 sites each week -- churches, community centers, even a helper’s home.
The People’s City Mission served 200,000 meals to the homeless and gave away 1 million pounds of food to those still home but struggling.
At the Gathering Place -- two blocks from the governor’s mansion -- volunteers served 31,000 suppers to those who set aside their humility and sat down for a free, hot meal.
Matt Talbot Kitchen served nearly 103,000 meals last year, Meals and Wheels made 12,000 deliveries and 12,600 Lancaster County residents spent an average of $282 a month in what used to be called food stamps but now is known as the Supplemental Nutrition Assistance Program.
Elementary school students carried home 560,000 meals in backpacks to help their families through the weekends, and a pair of food pantries opened in high schools.
It takes an army to feed this village.
The Food Bank’s 22 employees were helped by 56,000 volunteer hours. Nearly 600 volunteers logged 83,500 hours running FoodNet. And about 750 state employees spend at least part of their jobs helping Nebraska’s hungry.
But so much of this plays out quietly, out of sight from a Lincoln that might contribute a few cans of soup when asked by a church -- or to get into a home and garden show -- but has no real idea of how many of its neighbors need help, or how many are helping.
“Poverty is so much bigger than people know,” said Pastor Tom Barber, the City Mission’s director. “Lincoln does a good job hiding it. We do a good job not seeing it.”
‘A basic necessity’
Almost every day in Lincoln, a child welfare worker is looking inside a family’s cupboards. Opening the fridge.
Making sure parents can feed their kids.
“We need to make sure the environment of the home is safe for the child, and obviously food is a basic necessity for them. And we need to make sure the family has food,” said Claudia Shafer, an initial assessment specialist for the state’s Division of Child and Family Services.
They’ve found refrigerators nearly empty. Or full of rotting food -- bought fresh with SNAP funds at the beginning of the month but perishing toward the end.
Usually, investigators find enough to eat. Maybe not an ample supply, but adequate.
“We really are pretty fortunate in Lincoln that we do have a community that -- I don’t want to say rich with resources -- but has adequate resources,” said Sherrie Spilde, a division administrator.
In fact, neither Shafer nor Spilde nor another supervisor could recall finding a child suffering malnourishment because a family couldn’t afford food.
Lincoln Police Sgt. Mark Unvert has investigated thousands of child abuse and neglect cases in Lincoln. He’s seen children fed Twinkies for breakfast. And he’s seen worse: malnourished children, empty cupboards.
But those hardest cases are rare, he said, and almost always are linked to another issue -- like parents with addiction or mental health problems.
“I don’t want to minimize that there aren’t people hungry in this community, or kids hungry, because I think there are. But those are going to be hard to find.”
With so many sources of food in Lincoln, those in the business of giving it away say it would be hard to starve here.
“There shouldn’t be anybody in Lincoln going hungry,” said Leia Noel, president of the FoodNet board. “It would be their own responsibility if they’re going hungry.”
FoodNet volunteers give away food all week, including Saturdays, Sundays and holidays -- even Christmas.
Unlike at other sites, anyone -- not just the verifiably poor -- can show up, get in line and leave with a bag or box of food. Most are working-class families stretching their budgets, Noel said.
Which is how many providers characterize the hungry in Lincoln: not starved, but scared. Not sure where their next meal or the meal after that will come from. Not sure whether they should buy groceries or pay their electric bills.
The Center for People in Need, which last year gave away 2.4 million pounds of food, asked more than 2,000 of its clients about their food supplies.
* Do you have enough food for your family today? 30 percent said no.
* Enough for next week? 43 percent said no.
* Do you or others in your household skip meals because you don’t have enough food? More than a third answered sometimes, often or always.
“I think there are a lot of hunger pangs, because our food doesn’t cover all of their needs,” said Beatty Brasch, the center's director.
Michael Ryan rarely ate breakfast, but after taking over the Gathering Place eight years ago, he stopped eating lunch, too.
He wanted to know what an empty stomach felt like.
He wanted to know what his guests felt like.
The Gathering Place has served supper for nearly 30 years in a 100-year-old home on E Street. Institutional tables and chairs, worn wooden floors, everyone welcome if they behave.
Last year, an average of 120 people showed up every night, up from the year before and the year before that.
“They’re all backgrounds," Ryan said. "People who have not made it through junior high. We have college graduates. We had one guy who had been a college professor.”
A few diners he met at the beginning still show up. Like Mona Christopher, whose $54 in SNAP benefits won’t buy her enough TV dinners and pot pies for the month. The 59-year-old has seniority here and always is offered the front of the line.
And Mary Smith, who plays the piano at the top of the stairs: “When the Saints Go Marching In,” as diners start lining up with their trays; “Pomp and Circumstance” when they’re waiting for seconds.
Her green bean casserole cools beside her on the bench as she transitions to “God Bless America.” When there are children eating, she plays, “I’ve Been Working on the Railroad,” because even they know that one.
The 79-year-old has eaten here for decades. “I don’t cook at home, so I get my food here. That’s not cheating; I’m staying alive.”
Ryan wonders about the familiar faces that disappeared.
“You see them consistently for one or two years, and then you don’t see them again. You hope they’ve moved on to a better place.”
Still, every night, there is more hunger at his door. Younger hunger. And more women, more children.
So Ryan still skips his meals. He won’t eat until he gets home, after everyone else has eaten.
“People are still suffering. It hasn’t gone away, so why should it go away for me?”
The truck driver leaves the new Super Saver in Fallbrook with bread, bagels, papaya and a heart-shaped Valentine’s cake, then steers toward the far end of the city -- the Super Saver on Pine Lake Road.
He takes the interstate and the expressway, skirting farm fields that help feed the country.
Gary Lockett spent nearly two decades at Kawasaki, but he took a buyout a few years ago.
“I really wanted to do something that I wanted to do, that I enjoy doing. I like to drive -- and I really enjoy helping people.”
Now he drives full time for the Food Bank, filling his truck with whatever grocery stores give him. He runs a short, four-store route on Sunday mornings, then delivers the sermon to 125 followers at Praise Temple Church of the Living God, which he started a decade ago.
He picks up more bakery items from Pine Lake, then several shopping carts from Super Target -- tomato paste, granola bars, Kleenex, ravioli, baked beans.
He’s gentle, deliberate, unloading the carts into the back of his truck.
This is someone’s meal.
“It’s a diversity of people you see. From every walk of life. I’ve seen people who once were doing well, and now they’re in line.”
Food Bank drivers make 50 to 60 pickups per week, most of those at grocery stores. Last year, for example, Lincoln’s three Walmart stores gave more than 625,000 pounds of food.
Others give in volume, too. Prairieland Dairy donated 135,000 pounds -- mostly milk -- and Cargill gave 236,000 pounds of meat, the Food Bank’s Alex Shada said.
That canned food you put into a blue barrel? Food drive food? It’s important. Symbolic. It makes you aware of hunger, but it only contributed to 8 percent of the Food Bank’s intake last year.
The Food Bank’s headquarters near 48th and Superior streets is ground zero for the war on hunger. Most of the area’s free food -- from your cupboard or from Lockett’s truck -- comes and goes through its big bay doors.
Its warehouse resembles a grocery store’s: Pallets stacked on high shelves. Canned pears and fruit cocktail and chips and chili beans and Oreos. Peanut butter. Pasta. Soup.
In the walk-in cooler: Hy-Vee deli sandwiches, milk, onions and oranges; last year, fresh produce represented 30 percent of its distributed food.
Shada opens the freezer: ground beef and pepperoni, chicken and prime rib.
“People think of the Food Bank, they think of old expired canned food. But it’s produce, eggs, meat. It’s allowing them to not have to go to the grocery store and making them able to pay another bill.”
Food doesn’t stay still here long. Canned and packaged dry food might sit on the shelf for two weeks, but perishables -- the milk and the apples and the oranges -- could be on someone’s table in a day or two.
The Food Bank provides food to more than 90 programs, including the big feeders in Lincoln: Center for People in Need, People’s City Mission and the Gathering Place.
But not FoodNet.
The group started in 1985 with volunteers collecting extra food from restaurants and grocery stores and simply giving it to those who wanted it. No questions asked, no incomes verified.
It’s grown quietly in the shadow of the highly visible Food Bank, which started in 1982 and now serves 10,000 people per week with a fleet of trucks, programs across the region and a $1 million payroll.
FoodNet still operates with no paid staff, no office, “not even a copy machine,” said Noel, its board president. Today, nearly 600 volunteers collect food with their own cars, drive it to a church or community center and give it away.
For years, she saw the two serving different niches: The Food Bank moved large volumes of nonperishable food; FoodNet picked up smaller quantities of perishables and gave them away the same day.
If a restaurant gives soup, volunteers repackage it in smaller containers. Fried chicken? Divided into plastic bags. They inspect produce. They sort the apples with the apples.
“Lincoln is very generous. The businesses are extremely generous.”
But FoodNet is feeling pressure from the Food Bank. Noel said the Food Bank recently recruited 13 of FoodNet’s longtime suppliers; Shada said the grocery stores used to supply the Food Bank, and they mutually agreed to renew that arrangement.
Still, with those stores now giving most of their groceries to the Food Bank, FoodNet took a hit, Noel said.
“We have lost quite a few pick-ups. It has affected us. But the Lord has provided.”
There’s no need to run. Or get here hours early. Or try to jump the line.
Show up at the Center for People in Need’s food giveaway and you get a random number, your turn at the tables.
But a crowd already was forming recently at the Malone Center, even as volunteers still were outside unloading the Food Bank truck. Even as other volunteers were lining up a half-dozen serving tables inside.
By the end of the hour, they’d unpacked 3,000 pounds, tossing empty cardboard boxes on the floor, where they were snapped up by recipients.
That day, more than 150 people moved down the line, taking their allotted chicken sausage, kidney beans, bologna, fresh spinach, animal crackers, grapefruit juice, bread, M&Ms. About 30 pounds per person.
The next week: 3-pound hams, Smart Chicken, pineapple, avocados.
The Center for People in Need hosts the city’s big food giveaways: here at the Malone Center, or the F Street Rec Center, or Tuesdays at its headquarters, which draws 500 people.
And it has rules. You must be income-eligible, living at 150 percent of the federal poverty level. You can visit only one site per week.
Yet even with those restrictions, the center is reaching more than 1,000 families a week.
Like James Ray, who waited for his turn, back to the wall, sitting on his upturned cooler.
He doesn’t come every week. But the 47-year-old father and part-time worker isn’t ashamed to accept the food, the help, when he needs it.
“Some people are too proud to come. I think that’s sad. I don’t know how a person cannot come and do this. It’s quality food -- the same I’d buy in a store.”
Shannon Ferguson filled her box but then took a place behind the table, serving others. The 32-year-old moved here from Canada in 2007 to attend Union College.
She was a single mom then, and she ended up at the Malone Center, hungry.
“I was waiting for them to start, and I saw they didn’t have many volunteers so I asked if they needed help.”
She’s married now, three kids between them. Her husband is working again. She’s learned to be inventive in the kitchen, to stretch meals, to freeze what she can.
She still helps, but she still needs the help. The Malone Center food makes up maybe 25 percent of her family's groceries, but it’s good food. And it helps them pay other bills.
“We would survive. But we wouldn’t have as much variety. We would probably be eating peanut butter instead of meat sandwiches.”
The crowd around her inside the Malone Center was young and old. Men and women. Well-dressed and disheveled. Veterans and refugees. Singles and families. Quiet and humble. Some asked: Please don’t put my picture in the paper.
Food providers can’t name a single source of hunger.
People have bad luck, they make bad choices, they’re mentally ill, they’re addicted, they’re underpaid, they’re from broken families, they never learned a work ethic, they lost their jobs.
But they still need to eat.
“It hits the most dire need,” the mission’s Tom Barber said. “When you talk about food and shelter, you’re talking about basic survival.”
‘Thank you for this food’
Rico Kotrous runs a church, a counseling center, a convenience store and a repair shop.
And for more than 25 years, he’s spent a few hours every week feeding strangers as a FoodNet volunteer.
“I did not want to see all the waste, and there are people who have a need for this. They might not always use their money wisely, but they still have a need.”
On a recent Thursday morning at the Calvert Rec Center, FoodNet volunteers unpacked 20 boxes of food: Russ’s deli sandwiches, fried chicken, skim milk, yogurt, chocolate chip cookie dough, tortillas, seven jalapeños.
A good day, Kotrous said.
Some weeks, he can give away only half as much.
Nearly 50 people waited for the doors to open, clutching poker chips bearing their order in line.
Burt Schlichting moved here from Germany in 1951, when he was 27.
“There was no hope in Germany. We figured here in the U.S., there’s a little better future.”
There was. He married Inge, raised two girls, found a career fixing freight cars for the railroad. The 89-year-old has a pension, so he doesn’t always need this food.
But it won’t go to waste; he’ll keep the food moving.
“I help with it. If I get too much, I give it to my friends and my neighbors.”
As he does every week, Kotrous calls for the crowd’s attention before leading them into the serving room.
“Lord,” he begins, “I thank you for this food.”

domain: news


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The valuation of China’s most popular fitness app Keep has risen to about $2 billion following a $360 million funding round, according to Chinese tech news site 36Kr.
The Series F round of funding doubled the company’s $1 billion valuation in the last round of financing in May 2020, 36Kr reported, quoting people familiar with the matter.
Keep’s owner, Beijing Calories Information Technology Co., Ltd., said the financing was led by SoftBank Group Corp.’s Vision Fund, drawing in further investment from Hillhouse Capital and Tencent Holdings Ltd. The company is eyeing an initial public offering as early as this year, according to Bloomberg.
Coatue Management, GGV Capital, Bertelsmann Asia Investments, 5Y Capital and Jeneration Capital also participated in the latest funding round.
In the nearly six years since its launch to the public in 2015, Keep has completed eight rounds of financing and accumulated more than $600 million, according to 36Kr.
The company provides customized online fitness programs and a social networking platform for users to post their progress and share exercise routines. It has 300 million registered users and the number of paying members has exceeded 10 million, according to the Keep’s own numbers.
Founded in 2014, the Beijing-based company gradually expanded its offline presence into fitness equipment, wearable hardware and workout apparel. It also opened its first offline gym, Keepland, in 2018 and launched its brand of treadmills and home exercise bikes in 2019.
Keep poured in efforts to optimize its virtual fitness courses in 2020, introducing videos of online fitness stars Pamela Reif and Zoey Zhou in addition to more than 1,200 self-developed programs.
It also established a livesteaming team with nearly 100 employees including program designers, personal trainers and marketing staff.
Keep plans to use the fresh cash to fuel the development of its sports equipment, upgrading products including its treadmills, wearables and weight-conscious snacks.
China’s social fitness app market boomed during the pandemic, when millions of people started to exercise at home during gym closures. Online fitness apps in the country saw users jump by 12% year-on-year in the first quarter of 2020, according to research institute Iresearch.


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African plague measures bring back pig union halves?
Pork halves and chicken legs through the Syndicate, as well as cheap summer and winter holidays, are part of the folklore of the former SFRY. Senior citizens say that supplying through a union was a great opportunity due to the fact that he offered them goods with at least 20 percent lower prices, because they were ordered in bulk and without a margin.
The news that the Croatian Government has decided to conclude an agreement for the assignment of the claims of the bankrupt workers in Dalmaciavino, which enables the payment of back wages to the workers in that company, brings back memories of the popularity of this measure, which was a trade union exclusive. With the decision on a one-time aid measure for the procurement of pork halves, a one-time payment of up to 600 euros per worker will be provided, announced the Business HR. The Croatian Government says that this way will ensure the preservation of the traditional way of processing pork and the preparation of traditional semi-permanent and permanent dried meat products, which, in addition to preserving the traditions of families on smaller farms, provide part of the household's needs for meat. and meat products.
- 900.000 euros have been provided for the implementation of the decision. A State program was also adopted to support producers of pigs with a higher slaughter weight. It will allow the distribution of aid to compensate for the loss of income for pigs with a higher final weight sent for slaughter from facilities in restricted zones due to swine fever in the period from October 1, 2023 to December 31, 2023 - the Government of Croatia decided.
Pork halves and chicken legs through the Syndicate, as well as cheap summer and winter holidays, are part of the folklore of the former SFRY. Those who remember longer will tell you that at least twice a year they lined up in the courtyards of the labor organizations where they worked, where they patiently waited to be called to pick up the frozen pieces of meat weighing more than ten kilograms.
– Their favorable price and the possibility of paying in installments with deduction from the salary constituted the very core, but also all the beauty of the trade union association. Dear, should I write to you for a mate? In how many installments? – At twelve. - Write. I have already signed up for a box of chicken kopani, cheese pie, woolen blankets... my salary will be left over for cigarettes - that's how the trade union "struggle" used to be, remembers a Skopje resident.
Elderly citizens who have struggled with scarcity and high inflation say that supplying through a union was a great opportunity due to the fact that it offered them goods with at least 20 percent lower prices, since it was ordered in bulk and without a margin. These were usually pork halves, sometimes beef, chicken legs or winter meat, which were several times cheaper than in stores.
Today, such sales are almost impossible, as families have shrunk, and with it, the need for large inventories has decreased. The majority of households almost do not have a freezer to store this food, and less and less is cooked.
According to the State Statistics Office, last year a Macedonian family consumed barely 23,4 kilograms of pork with bones and mole, while the consumption of beef with and without bones amounted to about 15 kilograms. Last year, the average Macedonian family consumed 29 kilograms of chicken meat.


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Samsung Racks Up 20 Million Galaxy S III Sales in 100 Days
September 6, 2012 9:15 AM
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Samsung S3 is a major success
When it comes to the most popular Android smartphones on the market, Samsung traditionally has held that honor. Samsung has announced that it has sold more than 20 million Galaxy S III smartphones in the device's first 100 days of availability.
The S3 launched at the end of May and according to Samsung the device has sold at rate of about 200,000 units per day. The S3 reached the 20 million sold mark about three times faster than its predecessor the S2, and about six times faster than the original Galaxy S. Samsung offered details breaking down the 20 million number by country.
According to the manufacturer 6 million of the sales came in Europe, 4.5 million units were sold in Asia, 4 million units were sold in North America, and 2.5 million were sold in Korea. While sales of the S3 reached the 20 million mark quicker than the two previous S devices, the S3 still has a way to go to match raw sales numbers for its predecessors.
So far, the S2 has sold 28 million units, and the original S has sold 24 million units as of this June.
A Samsung spokesperson said, "Galaxy S III is for non-technical people to evolve and in smart phones the global smartphone market. [Samsung] is making a few changes to the [smartphone] and will try our best to provide a special experience for consumers to differentiate continuous innovation through the creation of products in the future."
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RE: This is Tony Swash
9/7/2012 7:58:25 AM
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From an (often criticized) ultra fast fashion brand to a market place and producer of other brands. The evolution of Shein continues – the Chinese ultra-fast fashion giant founded in 2012 by Chris Xu and grew exponentially during and after the pandemic – which today announced that it has taken over the Missguided brand from the British group Frasers.
The purchase of Missguided by Frasers Group
The transaction, the value of which was not disclosed, also includes an agreement to license Missguided’s intellectual property to Sumwon Studios, a joint venture between Shein and Missguided founder Nitin Passi. The Missguided brand will be operated by the joint venture, and its products and collections will be manufactured through SHEIN’s on-demand manufacturing model and sold on the brand’s sites. «The joint venture we have launched inaugurates a new type of partnership for SHEIN, as part of our constant commitment to satisfying customer demand – declared Donald Tang, executive president of the Chinese group -. Shein aims to resurrect the Missguided brand by capitalizing on its unique personality and driving its global growth through Shein’s on-demand manufacturing model, unrivaled e-commerce expertise and global reach.”
The strategy of the Chinese player – which the American media have repeatedly indicated is about to file the documentation to list in New York, but always without confirmation – therefore seems to be that of combining its identity as a low-cost fashion producer with that of a retailer of other brands, to which it can also extend its production model which is based on consumer demand (which manager Peter Pernot-Day, global head of corporate affairs, had told here at Il Sole 24 Ore).
The (expected) agreement with Forever21
After the announcement of the agreement with Sparc Group last August, the signing of a long-term agreement on the Forever 21 brand (with a focus on the men’s and women’s fashion categories) was announced today. Shein’s role will be to design, produce and distribute the Forever 21 x Shein collection which includes clothing, accessories, sportswear, activewear and swimwear. The collection will be produced with Shein’s “fast fashion on demand” method and sold in the USA, Europe and Australia.
The Forever 21 brand is one of the most historic examples of fast fashion, but it has experienced a period of strong crisis: founded in 1984 by Do Won and Jin Sook Chang, who arrived in California from South Korea, it has grown to have over 800 stores in almost 60 countries, only to then declare bankruptcy (2019) and be taken over a few months later, in February 2020, by the Authentic Brands group, Simon Property Group and Brookfield Property Group. The agreement with Shein could represent a digital growth driver for the American brand which, on the other hand, represents a retail “grounding” point for the Chinese company which already opened its first store at the beginning of October pop-up inside a Forever 21 store at the Ontario Mills shopping center in California (mall owned by Simon Group, founding partner of Sparc), with the passage of over 7,000 guests.


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Tags: 2010 AEM Hall of Fame program
The Association of Equipment Manufacturers (AEM) will begin accepting nominations on July 1 for its 2010 AEM Hall of Fame program to create a wider public understanding and appreciation of the industry's role, the organization announced on June 17. Nominations may be submitted on ...
The Association of Equipment Manufacturers (AEM) has announced its 2010 AEM Hall of Fame program. The association says in its announcement about the 2010 program that the AEM Hall of Fame "seeks to create a wider public understanding and appreciation of ...
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Summer food and drink trends from Mintel
By Canadian PizzaFeatures Trends food and drink trends food trends mintel summer food trends
Vegan barbecue and snacking with beer are among four food and drink trends we can expect to see this summer, according to a new international report from Mintel.
2018 Summer Food & Drink Trends provides insights into consumer behaviour, Mintel said in a news release.
Here are four trends the research firm is predicting based on its information gathering:
Barbecue: It’s getting vegan in here
Although barbecue selection has become more diverse with the addition of fish and cheese in recent years, vegan barbecue might not have been a consideration for a meat-eater, until now. There has been an increase in speciality vegan products, such as black bean chipotle, catering to changes in consumer tastes. A clear trend has emerged for consumers in the U.K. to cut, limit or reduce how much meat and poultry they are eating; 28 per cent of adults have done this over the six months to March 2017. Similarly, in the U.S., 33 per cent of consumers plan to buy more plant-based food products in the next year.
“Vegan options are on the rise, with several U.K. retailers such as Sainsbury’s, Tesco and just recently Waitrose launching extensive vegan lines in their stores. Flavour-bursting new varieties of vegan alternatives made from innovative ingredients like Indian jackfruit, which due to its texture and flavour is becoming an increasingly popular meat substitute, will be the star of the vegan barbecue this summer,“ said Melanie Zanoza Bartelme, global food analyst.
Ice Cream: The best of all worlds
The mythical beast that is better-for-you ice cream, characterized by low sugar and high protein has officially arrived in the U.K. Having outsold ice cream giants like Unilever and Nestlé Dreyers to become the best-selling ice cream in the U.S. over a four-week period in July 2017, Halo Top launched in the U.K. earlier this year. Among U.K. ice cream eaters, almost a third say that “low sugar” would encourage them to consume more ice cream.
“Ice cream brands which claim to offer health benefits have historically been hard to find in Europe. As consumers look to balance their diets with an occasional treat and a boost to their mood, more ice cream brands will emerge which aim to combine indulgence and health,” Alex Beckett, associate director, Mintel Food & Drink.
Snacks: Go bold or go home
New Mintel research indicates snacks that are designed to be a companion to beer are poised to do especially well this summer. The combination of alcohol and salty snacks is nothing new, yet just under half of U.K. beer drinkers would like to see more information about matching food with beer. Similarly, many consumers are looking for bold and interesting flavours: half of Brazilian snackers agree that unusual/exotic flavours of salty snacks are appealing, while 36 per cent of U.S. consumers say they would buy more crisps if there were new flavours to try.
“When it comes to snacking, this summer will see strong flavours and textures that are specifically designed to go with alcohol that, no doubt, will be popular during the World Cup and barbecues alike. Snacks that have strong textures and flavours hold up particularly well with beer and other alcohol and, thus, will win in popularity this summer,” said Ayisha Koyenikan, global food and drink analyst.
Soft drinks: Goodbye sugar, hello flavour
Amid government regulations like the U.K. sugar tax, consumers are getting weary of old favourites like soft drinks, cola and lemonade. Bold-flavoured sparkling waters is a recent trend bringing naturalness and flavour to the soft bring market, and presents an alternative to sugar and artificial ingredients. They seem to be a natural alternative for a large number of consumers: over half of U.K. consumer agree that sparkling flavoured water is a good alternative to fizzy drinks.
“The desire for unsweetened beverage options, along with consumer demand for more exotic flavours and unusual ingredients, is driving a trend toward more and more creative sparkling waters. Recently, innovation in this space has reached new heights. This summer, expect to see less lemonade and more truly original mineral waters with natural flavours far beyond lemon or cucumber,” said Jenny Zegler, associate director of Mintel Food & Drink.
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Over four years since Vivendi purchased the initial Ubisoft shares, the French mass media conglomerate has sold the last of its share’s, with total sales exceeding €2 billion, resulting in a capital gain of €1.2 billion for Vivendi.
The original investment came in 2015 when Blomberg reported that Vivendi had purchased shares in both Ubisoft and Gameloft, at €140-million for a 6.6% stake in Ubisoft and €19.7-million for a 6.2% share of Gameloft.
In the same month, Yves Guillemot described Vivendi’s Ubisoft purchase as ‘unsolicited and unwelcome’, leading the industry on a 4-year long tug of war between the pair, Guillemot adding “We’re going to fight to preserve our independence.” and that Vivendi was, “managed by people who don’t understand our expertise and what it takes to succeed in this industry”.
Just two weeks shy of a full year since we published our piece outlining Vivendi’s planned exit from Ubisoft, the game publisher has finally freed itself in its entirety of Vivendi, with the media conglomerate reiterating in a press release, “Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years.”
You can read Vivendi’s press release here.


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By Cassandra Sweet
This story has been updated, see below.
Tesla Motorssaid Thursday it plans to significantly boost the number of electric-vehicle charging stations near key U.S. cities over the next couple of years. From the AP:
The company said Thursday that by the end of next month, it will triple the number of charging stations it runs from the current eight, and the number will go to around 100 in the coming year, putting stations within reach of almost the entire populations of both countries.
But there’s a catch: The so-called “superchargers” will only work for Tesla’s Model S. So, for example, drivers of Nissan Motor Ltd.’s popular all-electric Leaf car– the electric vehicle of choice for the middle class – won’t be able to use the Tesla superchargers.
Automakers have complained that a key barrier to greater public adoption of electric vehicles is a dearth of quick-charge public charging stations.
Companies such as NRG Energy and Ecotality have been working to install more higher-voltage fast-charging stations in California and other states, where drivers of just about any electric vehicle can recharge their battery more quickly than they can with the old, Level 2 slow-chargers that can take hours.
Tesla drivers can use any public charging station to recharge their vehicle, a Tesla spokeswoman said.
Here’s a video Tesla prepared for the supercharger announcement:
Update: An earlier version of this story said Tesla “plans to install about two-dozen electric-vehicle charging stations” near key U.S. cities in the coming years, this has been updated.
Pursuing Power: Where Electric Cars Can Fill Up – WSJ


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THE recently established unit of the Lucio Co-owned Puregold Price Club Inc. has struck a deal to purchase a significant stake in a Metro Manila-based supermarket chain.
A disclosure to the Philippine Stock Exchange showed on Friday that Entenso Equities Inc., a “shelf-ready” firm for Puregold’s future joint ventures in food retail industry, acquired 49.34 percent of San Roque Supermarkets. No further details were disclosed.
San Roque Supermarkets operates nine stores all located within Metro Manila.
In July, Puregold created Estenso Equities, which was specifically established to cater to the group’s future joint ventures in the food retail industry.
“Estenso Equities is just a shelf-ready subsidiary of Puregold for possible joint ventures with third parties in food retail-related business,” Jimmy Perez, Puregold investor relations chief, said earlier.
In August, it was reported that the listed retailer decided to jack up its capital expenditure for the year to P3.5 billion from the original P3 billion, as it plans to roll-out more stores than what it planned to build within the year.
Puregold announced that the capital expenditure increase is in line with its plan to boost its store opening target to 35 this year instead of 25.
In the first half of 2013, the group opened an additional 21 stores, including 20 Puregold stores and 1 S&R warehouse. This brought the group’s total number of stores to 192 as of June 30, 2013, including seven S&R branches and 15 branches from Company E.


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Hubert Burda Media, a globally operating media and tech company, is selling its online health marketplace Jameda to the healthcare unicorn Docplanner.
Every month, around 7 million patients search for the right doctor at Jameda. Since its foundation in 2007, Jameda has developed into Germany's largest doctor recommendation and market leader for online medical appointments. Since 2017, patients can also book video consultation hours on Jameda.de via the subsidiary Patientus. In the following video, Florian Weiß, Jameda's Managing Director, and his team provide us with a look behind the scenes.


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Panasonic Lumix DMC-G7 micro four thirds mirrorless camera will be announced around May 19, 2015. It will have 4K video recording but no DFD focusing system, and it will feature the same 16MP image sensor as the current GX7 model.
Panasonic G7 rumored specs:
- Launch date around May 19
- 4K video recording but no DFD focusing system
- 16MP image sensor
Stay tuned for more info.
See hot deals today: Today Only Deals.
Read more: Panasonic Rumors


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Brussels -- Recticel has sold its 50% stake in Kingspan Tarec Industrial Insulation (KTII) to joint venture partner Kingspan for EUR8.5m ($9.6m)
A Recticel press release said KTII realised sales of around EUR31m in 2014.
KTII develops and produces premium performance insulation products for the thermal insulation of pipework in process and petrochemical applications and for the cool truck industry.
It was established when Kingspan and Recticel decided to combine their industrial insulation activities in 2006.
The divestment will enable Recticel to concentrate on its building insulation activities, said the release.
XE Currency Conversion: 19 February, 2015


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Hundreds of items of mining, construction and heavy equipment will go under the hammer at the next Ritchie Bros public auction in South Africa. After two successful sales last week in Canada and the USA, auctioneers are now preparing for the Johannesburg event on March 27.
The unreserved auction will feature more than 320 items of mining equipment including rock trucks such as the Caterpillar 777B, articulated dump trucks including Volvo A40E models, hydraulic excavators, crawler tractors including the Caterpillar D11R and D9T and wheel loaders. The auction is open to the public and registration to bid is free with online bidding available.
Ritchie Bros has moved almost 3000 items in the past month at auctions in Chehalis, Washington and Edmonton, Canada.
“The Alberta mining industry is moving steadily with plenty of potential for growth. We’re seeing a lot of mining equipment moving in and out of our auctions here in Edmonton - contractors are selling their assets to upgrade or diversify their fleets,” says Ritchie Bros’ regional sales manager Jim Rotlisberger.
A large selection of the mining equipment was sold for North American Construction Group, one of Canada’s premier providers of mining, heavy construction, industrial and piling services.
The company’s vice president Joe Lambert says, “We look forward to this Edmonton auction and working with Ritchie Bros every year. We sell some items through Ritchie Bros auctions year-round, but this is the single largest selling event of each year for us.
“We choose Ritchie Bros because they are a well-known, well-respected name throughout the industry and they generate a lot of interest for our equipment - all while providing both buyers and sellers with a good opportunity to achieve their economic goals.”
Ritchie Bros is the world’s largest seller of used equipment for the construction, transportation, agricultural, material handling, energy, mining, forestry, marine and other industries.
The company prides itself on its ability to make it easy for the world’s builders to buy and sell equipment with confidence, conducting hundreds of unreserved public auctions each year, selling more equipment to on-site and online bidders than any other company in the world.
The company also operates an online marketplace through Ritchie Bros EquipmentOne and a range of value-added services, including equipment financing for customers via Ritchie Bros Financial Services. The company has more than 110 locations in more than 25 countries, including 44 auction sites worldwide.


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A huge thank you to all those who have called, posted online and sent texts & emails of support during the recent bushfires in the Grampians. Also a massive thank-you to the CFA and DEPI fire crews and chopper pilots!
Whilst the fires have devastated much of the Grampians National Park, many farms and neighbouring properties, we have been incredibly lucky to have only had a small amount of fire damage. Our trees will recover and we have had no loss to sheds, equipment or housing.
Our thoughts and wishes go out to those that have been less lucky. The Mount Zero Cafe will be open for business again from Saturday the 25th of January and we encourage anyone who was thinking of visiting the Grampians in the coming weeks or months not to put off doing so. There is still incredible beauty to be found amongst the devastation and local businesses are going to need your support!


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The FCC today voted unanimously to gather more information on proposed rules that would require wireless service providers to send usage alerts and related information to customers to help them avoid bill shock.
Chairman Julius Genachowski said there’s more than ample evidence showing there is a problem – too many Americans have experienced bill shock, but a simple technology fix can go a long way to solve the problem.
Wireless service providers already offer tools to alert consumers before they go over their monthly allotments for text or voice, but those are the exception and not the rule. Companies should compete on value, price and service – not on confusion, he said.
Republican Commissioner Meredith Attwell Baker suggested that if wireless carriers voluntarily and more uniformly adopt services that inform consumers, the commission may not have to act at all.
The FCC yesterday released a white paper on the complaints the commission has received on wireless bill shock, which is defined as a sudden, unexpected increase in the monthly mobile phone bill.
The white paper showed that 764 people complained to the FCC about wireless bill shock in the first half of 2010, and 67 percent of those complained about amounts of $100 or more. Twenty percent had complaints of $1,000 or more, and the largest complaint was for $68,505.
In a statement released yesterday, CTIA Regulatory Affairs Vice President Chris Guttman-McCabe said the industry is constantly working to keep all 292.8 million subscribers happy. “The industry continues to develop tools to keep customers informed about their level of usage of voice, text or data to ensure positive customer experiences,” he said.
CTIA is concerned that prescriptive and costly rules that limit the creative offerings and competitive nature of the industry may threaten to offset any positive trends in keeping customers happy.
Filed Under: Industry regulations


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Parle company to fire as many as 10,000 people if the slump in consumption continues, signalling that the Indian economy has slowed down.
To recap, India’s gross domestic product (GDP) growth has slowed to 6.8 per cent in 2018-19 — the slowest pace since 2014-15. Last week, Prime Minister Narendra Modi had reviewed the state of the economy with Finance Minister Nirmala Sitharaman and other top officials of the finance ministry.
The maker of popular brands such as Parle-G, Monaco, Milano, Hide and Seek biscuits and Mango Bite toffees has a turnover of more than Rs 10,000 crore, and it employs 1 lakh people. Parle operates 10 company-owned manufacturing facilities, in addition to 125 third party plants. The company’s more than 50 per cent of sales come from rural markets.
Mayank Shah, category head of Parle Products, told a leading financial daily, “We have sought reduction in the goods and services tax (GST) on biscuits priced at Rs 100 per kg or below, which are typically sold in packs of Rs 5 and below, but if the government doesn’t provide that stimulus, then we have no choice but to let go of 8,000-10,000 people from our workforce across factories as slowing sales are severely impacting us.”
Under the previous tax regime, the sub-below Rs 100 per kg biscuits were taxed at 12 per cent, and companies had expected the goods and services tax (GST) rate to be fixed at 12 per cent for premium biscuits and 5 per cent for the lower-priced ones.


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Sweeping brand new regulations necessary Thursday of the Representative Financial Defense Bureau (CFPB) might upend the fresh payday loan community, hence consumer supporters state commonly barriers bucks-strapped pros to your a vicious circle from borrowing from the bank out of the bank.
When the enacted, the principles fundamentally will require loan providers to verify one to consumers will likely be pay the financing and protection the amount of moments individuals was register for upright financing. The guidelines and additionally create meet or exceed payday loans to a target other pricey small-term resource, together with particular highest-attention payment money and you can vehicles term loans.
The new CFPB says one to due to the way brand the brand new currency functions today, people which make use of them can be weighed down away from the latest costs and you will on it towards the a pattern regarding obligations one to forces them to forget crucial bills otherwise generate most other hard economic choices. Including, brand new service discovered that towards 80 percent away from pay-day financing is folded over with the a continual home loan, resulting in will set you back so you can accumulate to have consumers. Just about 45 per cent out-of pay day people sign up having at the least four loans consecutively.
And every home loan has high costs. The latest CFPB discovered that pay-day borrowers pay an average $ten during the charges for per $one hundred they normally use, amounting to an apr away from 391 per cent towards a good mediocre investment out-off $350. The fresh rates to the fees fund and you can vehicle term loans is additionally large.
Whenever consumers fall behind on the money, they can deal with abuse fees into the loan providers and from their finance companies. More than a third away-of on the internet pay check some body exactly who came across overdraft fees was indeed at some point shut-out of its bank account, the newest solution discovered. And one for the four individuals who eradicate auto term financing that was owed in one single percentage experience this new vehicles seized, with respect to the statement. “According to our very own lookup and what we should tune in to to the the nation, we believe the latest damage completed to customers by it types of people patterns should be managed,” said the brand new CFPB’s director Richard Cordray toward a good declaration.
Pay check financial institutions and Louisiana servicing payday loans you may certain businesses taking brief-name financing carry out generally will want to look towards the borrowers’ money and you makes certain that they could fairly afford the money. Lenders perform check consumers’ income and you can borrowing from the bank file to determine when they keeps up with the monthly cost of living and also make money on personal debt. When your settling that loan would exit a customers with, state, some money regarding monetary, see your face would officially be declined.
The only exceptions where loan providers haven’t any to appear so you’re able to your own borrowers’ revenue could be to has money a lot less than $500 and you can finance with interest rates of lower than thirty-six percent
Nevertheless, plus those people finance would-be subject to regulations one put an excellent an excellent cover about precisely how tend to customers you can expect to roll over the fresh new money into the recite payday loan. Following 3rd financial, people would need to go into a compulsory air conditioning-out-of months where they are unable to sign up for different financial for around a month.
Providing funding smaller compared to $five-hundred, which may not want the newest active commission take to, individuals must spend part of their obligations for each date it folded over the capital.
Scuola Malva Arnaldi
The rules manage primarily address cash advance, high-pricing small-term funds one people need-out with the hope that they can pay-off your debt along with their 2nd salary. Folks have a tendency to always keep the money, being constantly owed within a fortnight, of your own abandoning a blog post-dated consider. Yet not, once they don’t have the cash to pay the borrowed funds straight back in order to full, it is common to enable them to just take-out a copy financial support.
Payment fund, and therefore really works in a different way away-away from pay day loan, you can expect to getting secure. Such money usually are shorter over the years through some planned money. However, after every one of the will set you back is actually felt, many people might still face steep desire charges, individual organizations say. The guidelines manage apply at pricing loans you to fees an attraction price over 30-half a dozen % or if perhaps it just take will set you back actually out of an effective a great borrower’s bank account.
No. Now you might get rid of a payday loan because of the abandoning a post-old checkpanies one situation cash advance or any other quick-label funds becomes request evidence of earnings but they commonly expected to confirm a beneficial borrower’s ability to invest.
The newest CFPB is also seeking to lower the new overdraft fees individuals face once they fall behind on will cost you. Depending on the this new legislation, loan providers would need to aware people at the least around three weeks prior to and come up with an electronic digital withdrawal to own fee. And you will after a couple unproductive tries to gather commission, creditors try blocked out-of debiting the latest registration again until the newest debtor told you it had been ok. In to the a study put-out this year you to definitely looked at on the internet pay-day and you will percentage customers that have eighteen months, the latest agencies come across borrowers discovered an average $185 into the overdraft charges assuming financial institutions produced repeated seeks to gather money from its bank account.
Are not here already rules developed that perform this type of sorts of currency? Fourteen says and Area efficiently prohibit payday loan out of the fresh capping the pace which might be charged indeed there.


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Study: American Tradition of Tailgating
Tailgating (or for those without grills, cars or patience "pre-gaming") is about the best fun you'll have at a college football game...well, at almost any football game: the camaraderie, the food, the team spirit and, though it might be redundant to mention, the alcohol. Elaborate pre-game parking lot parties are as anticipated (if not more so) by game-goers as the game itself.
And researchers say that tailgating can build a community, nurture tradition, and actually contribute to a school's brand for the fans.
University of Notre Dame marketing professor and cultural anthropologist John Sherry and co-author Tonya Bradford, assistant professor of marketing, examine American culture and our obsession with football, which Sherry calls "the best metaphor we have for describing American culture." He likens the experience to autumn harvest festivals of antiquity, or what he has termed as "vestavals" named after Vesta, the Roman goddess of the hearth and home.
Sherry explains in a report released by the University that "People literally turn their households inside out, bringing their kitchens and living rooms to the pavement outside the stadium, so that thousands of mini households are on public display on game-day."
"Creating this private space in a public venue is an example of a 'consumption encampment,' during which consumers get together and 'camp out...' But with tailgating, fans are not only establishing family rituals that can pass through many generations, they are also becoming active participants in the game-day experience," Sherry Continues.
Grounding their research at Notre Dame, Sherry and Bradford, and a group of student research assistants, also examine rival teams' tailgates at Notre Dame, as well as tailgates at other college campuses. Sherry says all are rooted in tradition and celebration.
By allowing avid fans to party it up before the game the university is creating its reputation as an open and willing participant in the festivities, just by providing a space.
"Tailgating is actually a very complex social, community building exercise, not simply a drunk-fest, during which fans are able to connect with and actually help create their school's brand and/or reputation." Sherry says
However, the University grounds is not the only place tailgating can occur and in fact location, and even dress, are region specific. The study notes that in the south, tailgaters dress formally in tuxedos and ball gowns. On the coast, tailgates occur in boats and yachts outside stadiums.
Sherry concludes that tailgating encapsulates all the things about America that make America distinct, and tailgating is a nice complement to that.
"If you think of a sport as being a spectacle, the traditional belief is that most people's engagement with spectacle is pretty passive, and they are entertained by it," Sherry says. "People mostly consume spectacle, but tailgating is all fan-generated. They understand it as a contribution to the team's victory. They are literally surrounding the stadium with their expressions of loyalty and love, and it's much more communal."


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BlackBerry, the big names who are drowning and trying to get up. Research In Motion (RIM) is ready with a new platform that can be trusted to restore the glory of the BlackBerry.
BlackBerry 10 to be slid January 30, 2013 could be the answer. Just how [...]
Microsoft to train their employees to be able to explain the differences in the operating system Windows RT and Windows 8 to consumers.
“We’re trying to make sure our store teams provide explanations to consumers about Surface or PC Windows [...]
PT. Samsung Electronics will soon bring the Samsung Galaxy S4 in the Indonesian market.
And starting Thursday, pre-orders already open. Read Samsung Galaxy S4 Can Ordered Today.
Yesterday (18/04), in Publico, Senopati, Jakarta, the features found on [...]
BlackBerry, formerly known as RIM, decided not to sell latest BlackBerry 10 smartphone in Japan.
“Japan is not a major market for the BlackBerry,” said the company recently announced that BlackBerry Q10 and Z10.
Quoted from Cnet, Friday [...]
Microsoft also released membership on Xbox live has increased by 15% during the third quarter of 2012.
Based on data obtained from a number of media releases Microsoft, stated that the number of sales of the Xbox 360 console has sold over 70 million [...]
You are one of those who dreamed of adventure and find treasures from the past? Google may be able to realize the dream.
Quoted from Slashgear, Monday (1/4), Google Maps Street View Team reportedly managed to find a treasure map of William ‘Captain’ [...]
Rumors that Samsung will release the Galaxy S4 Dual-SIM version became a reality.
Quoted from Ubergizmo, Sunday (28/4), the South Korean manufacturer officially introduced the Galaxy S4 Duos.
Besides being able to be pinned two SIM Card at once, no more [...]
Ever occur to you to try out Android applications on Windows-based computers? If so, maybe this one could be a solution.
Quoted from Ubergizmo, Monday (01/28), a program called WindowsAndroid allow it.
Although not a new series running Android, the Jelly [...]
There is exciting news about the Galaxy S4. Samsung touted is preparing another version of this smartphone with a more advanced camera.
Quoted from Sammobile, Thursday (9/5), the predicted product named Galaxy S4 Zoom.
Camera changes quite noticeably, [...]
New milestone in historical research.
Rover U.S. space agency (NASA) who was conducting research on the surface of Mars have scooped soil samples on the Red Planet for analysis. Lab science runs that find colored object which experts believed to be man-made [...]
Researchers from IBM managed to break the record by making the world’s smallest movie.
The film uses atoms as an actor in a movie called “A Boy And His Atomic” lasted 1 minute 35 seconds.
The film is made using stop-motion technique, [...]


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Fashion sales up at UK's John Lewis in week to 25 June
Despite the Brexit and bad weather, which Springboard says affected footfall in the UK last week, department store retailer John Lewis had a successful week to 25 June.
Total sales in the period were up 7.3% to £96.7m. Ed Connolly, Director, Fashion at John Lewis, said this was mainly due to the fact that Clearance sales were brought forward compared to last year, in line with the market. Fashion sales were up 4.1% in the week, with kidswear, nursery and haberdashery doing especially well - up 14.4%. Womenswear sales rose just 4.4% and were beaten by menswear sales, which rose 10.7%.
Home sales were up 9.5% and electricals & home technology sales up 10.2%.
John Lewis is currently expanding - the retailer recently announced a new partnership with Irish retailer Arnotts, which will see it become physically available in Ireland this year for the first time.
Copyright © 2023 FashionNetwork.com All rights reserved.


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Coca-Cola issued a rare apology and was forced to pull an online advert which was deemed offensive to Mexico’s indigenous people by consumers, media and advocacy groups in the country.
The ad shows fair-skinned, attractive, young people turning up at an indigenous town bearing gifts of sugary fizzy drinks and a Christmas tree for the overawed locals. The company said its ad, set in the Mixe town of Totontepec in the state of Oaxaca, was meant to “convey a message of unity and joy”. Instead, it “reproduced and reinforced stereotypes of indigenous people as culturally and racially subordinate”, according to activists, who want the company sanctioned by the government’s anti-discrimination commission.
But this was not the first time Mexico’s relaxed attitude to advertising regulation and uncouth stereotypes have triggered an online backlash against a multinational company.
Aeromexico, the national airline, had to apologise in 2013 after a casting call invited only fair-skinned actors to apply for a new TV commercial.
Mexico’s population is largely dark-skinned, but few are ever cast in positive roles on television.
Amid widespread fury at the flagrantly racist ad, Aeromexico tried to deflect the blame by pointing the finger at the ag agency.Earlier this year, McDonald’s made a huge cultural faux pas when it decided to disparage a popular traditional breakfast dish in hope of boosting its own sales.
A Facebook campaign to promote McBurritos claimed tamales – a popular steamed savoury maize dish stuffed with spiced meat or cheese which dates back to pre-Hispanic cultures – were a thing of the past (“Tamales son del pasado”).
The ad caused such a ruckus that it was withdrawn within hours.
Last year, carmaker Renault Mexico was shamed into submission after its YouTube ad for the SUV Koleos was blasted as racist, sexist and classist by Spanish-language media.
In the ad, a sophisticated driver listening to classical music while stuck at a traffic light is ambushed by some street performers looking for a few pesos. Local media noted that while such scenes are common in Mexican adverts, they are considered denigrating by countries which regulate advertising content.
Amid an epidemic of obesity and diabetes, this week’s retreat by Coca-Cola was not the first time its advertising tactics have prompted criticism in Mexico – which is the biggest consumer of sugary fizzy drinks in the world.
The company ended its 149 calories of happiness campaign after consumer groups announced threatened to lodge a formal complaint with regulators alleging deliberate deception. At the time, Coca-Cola told the Guardian that the timing was coincidental, as the campaign was due to end anyway.
Not even the government itself isimmune from advertising boo-boos. In October, a video campaign to publicize government reforms was withdrawn within 24 hours after its attempt at humorous sarcasm predictably backfired.
The video – in which the government complained about the public’s complaints - triggered a wave of anti-government sentiments causing the hashtag #YaCholeConTusQuejas (enough of your complaints) to swiftly trend on Twitter.


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Saudi Arabia launches digital IDs
Cairo: Saudi Arabia has launched a digital edition of identification cards for its citizens via a smart app, an official has said.
The Interior Ministry’s Civil Agency has launched an electronic copy of the national ID on the smartphone app “Absher Individuals” in cooperation with the Saudi Data and Artificial Intelligence Authority (SDAIA), Okaz newspaper reported.
“The digital IDs will facilitate verification of their holders in case they do not bear the traditional ID as the beneficiary can display the identification data electronically via the app ‘Absher Individuals’ including the QR [Quick Response] code,” spokesman for the Civil Affairs Agency Mohammed Al Jaser said. The app, he added, allows downloading a copy of the ID on the smart device.
“The digital ID will mark a turning point in developing individuals’ electronic transactions with sectors linked to the Interior Ministry’s Absher Individual platform,” Al Jaser added.
The “Absher” app gives Saudi citizens and expatriates access to a set of electronic governmental services such as residency and travel documents and renewal of passports and driving licences.


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This year's first quarter saw the steepest decline in PC shipments since records began, according to IDC, which partly blames Windows 8 for slowing the market.
According to the analyst's Worldwide Quarterly PC Tracker, PC shipments totalled 76.3 million units in Q1, down 13.9 per cent annually, way more than the 7.7 per cent drop IDC previously forecasted.
The figures mark the worst quarter since the firm began tracking the market 19 years ago.
EMEA performed worse than anticipated too, posting a sharper Q1 double-digit decline than expected, with the region's commercial market remaining constrained following a lack of major IT renewals.
IDC's vice president for clients and displays Bob O'Donnell said Windows 8 has not only failed to reinvigorate the ailing market, but has in fact slowed it down.
He said: "While some consumers appreciate the new form factors and touch capabilities of Windows 8, the radical changes to the UI [user interface], removal of the familiar Start button, and the costs associated with touch have made PCs a less-attractive alternative to dedicated tablets and other competitive devices.
"Microsoft will have to make some very tough decisions moving forward if it wants to help reinvigorate the PC market."
Despite remaining at the top of the podium, HP's global shipments declined by nearly a quarter (23.7 per cent), allowing number-two outfit Lenovo to close the gap in market share to just 0.4 per cent.
IDC claimed that Lenovo's "attack strategy" was working as it outpaced the market, while it blamed an aggressive fourth quarter for HP's Q1 drop in shipments.
Dell's shipments for Q1 dropped 10.9 per cent annually, while Acer and Asus suffered declines of 31.3 per cent and 19.2 per cent respectively over the same quarter.
Alex Tatham, sales and marketing director at Westcoast, said the distributor's PC business has grown year on year, and that XP's end of support could lead to a surge in Windows 8's popularity, despite it "not being taken up in the way Microsoft would have liked" so far.
Softcat chairman Martin Hellawell said he expects the new operating system's popularity to grow in time.
"I was surprised at how bad [the figures] are, and they clearly are very bad. Our PC sales have not been fantastic [this quarter] but there has still been growth," he said, adding that his firm has had a good quarter for sales across all its vendors, which include HP, Dell, Samsung, Toshiba and Lenovo.
Gartner released a less pessimistic set of PC market results today too, which claimed that Q1 was merely the worst period since 2009. It said worldwide shipments reached 79.2m units in the first quarter, an 11.2 per cent drop annually.
UK-based MSP snaps up Qunifox, bolstering its Benelux arm to 125 employees
Credit guru Eddie Pacey emphasises that good credit control is vital as he reminisces on a case involving an Essex-based reseller
Customers offered trade-in discount of up to 30 per cent as part of vendor's new channel recruitment programme
From whaling and USB attacks to third-party exploitation, what will be the biggest threats facing end users next year? We asked execs at eight cyber-security resellers and consultancies to name their picks


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Carotech Inc., the world’s largest and only GMP-certified palm tocotrienol producer will be exhibiting at the 2010 IFT Annual Meeting & Food Expo from July 17–20 atMcCormick Place, South Hall, Chicago, Illinois.
Partnering with the Malaysian Palm Oil Board (MPOB) at booth number 3349, Carotech will showcase Tocomin® palm tocotrienol complex at this expo.
Tocomin® is a potent natural vitamin E tocotrienol complex concentrated from virgin crude palm oil through a patented mild extraction process which ensures maximum preservation of phytonutrients. It contains predominantly full spectrum tocotrienols and other phytonutrients such as tocopherols, plant squalene, phytosterols, co-enzyme Q10 and mixed carotenoids that are naturally extracted together with the tocotrienols.
Palm tocotrienol complex has recently received the final notification of no objection for GRAS from the U.S. Food and Drug Administration (FDA). Carotech has been actively involved in the process of GRAS application together with MPOB since 2008.
The significance of palm tocotrienol complex being GRAS approved means application of palm tocotrienol complex ingredient like Tocomin® (Carotech Inc.) is now extended to everyday food and beverage products such as margarine and spreads, bakery products, functional beverages and more.
“Tocomin® natural palm tocotrienol complex is a GRAS-approved food ingredient with many unique health benefits backed by strong science. We have many studies using Tocomin® that showed its beneficial effects in cardioprotection and skin health vis-a-vis anti-aging. NIH-funded studies have shown potent neuroprotective action of Tocomin® in preventing stroke induced injuries,” says WH Leong, Vice President, Carotech Inc., “Tocotrienol content in the standard Western diet is trace at best, consumers are therefore advised to look for food and drinks with the right type of vitamin E Tocotrienols,” added WH Leong.
“Carotech is proud to be invited by the Malaysian Palm Oil Board to participate in IFT. We have worked with MPOB for almost 15 years in promoting the benefits of palm oil and palm tocotrienols towards human health.” said WH Leong.
For more information about Tocomin® and its application in functional food and drinks, please visit Carotech Inc. at IFT10 Chicago, Booth Number 3349.


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Wholesale prices surge 11% in April as rising food costs keep inflation near record highs - grains jump 41% and eggs soar 161%
- Wholesale inflation remained painfully high at 11% in April, report Thursday said
- It was a slight decrease from the 11.5% rate in March but still near record highs
- Soaring food costs are helping drive inflation at the wholesale level
- Food products for final demand rose 16.3% in April from a year ago
Wholesale inflation in the US soared 11 percent in April from a year earlier, a hefty gain that indicates high inflation will continue drag down consumers and businesses in the months ahead.
The Labor Department said Thursday that its producer price index - which measures inflation before it reaches consumers - climbed 0.5 percent in April from March. That is a slowdown from the previous month, however, when it jumped 1.6 percent.
The 11 percent year-over-year increase in April is a slight decline from the 11.5 percent annual gain in March, which was the biggest increase since records began in 2010.
Still, the April figure represents a painfully high increase, and stock index futures traded down on Wednesday as inflation fears continued to weigh on Wall Street.
Wholesale inflation in the US soared 11% in April from a year earlier, a slight decrease from March but still near record highs
Wholesale grain prices are up 41.3% from a year ago as Russia's war in Ukraine raises world prices. Pictured: Rice is harvested in Mississippi in a file photo
Thursday's report showed a broad-based rise in the cost of food at the wholesale level, with grains up 41.3 percent from a year ago as Russia's war in Ukraine raises world prices. Both Russia and Ukraine are major grain producers.
The cost of eggs skyrocketed 161.3 percent, driven up by a bird flu outbreak that has killed 10 percent of chickens in the US. Processed young chickens were up 24.1 percent from a year ago.
Fresh vegetables were up 45.7 percent and fresh fruit rose 17.3 percent.
The producer price data captures inflation at an earlier stage of production and can sometimes signal where consumer prices are headed.
It also feeds into the Federal Reserve's preferred measure of inflation, the personal consumption expenditures price index.
Thursday's figures came just a day after the government released consumer price data for April, which showed that inflation leapt 8.3 percent last month from a year ago.
That increase is down slightly from the four-decade high in March of 8.5 percent. On a monthly basis, inflation rose 0.3 percent in April from March, the smallest increase in eight months.
Still, there were plenty of signs in the consumer price report that inflation will remain stubbornly high, likely for the rest of this year and into 2023.
Rents rose faster as many apartment buildings have lifted monthly payments for new tenants.
Consumer price data for April showed that inflation leapt 8.3% last month from a year ago
Prices for airline tickets jumped by the most on records dating to 1963. And food prices continued to rise sharply.
Over the past year, grocery prices have shot up 10.8 percent, the largest such year-over-year increase since 1980. Food away from home was up 7.2 percent from a year ago.
The cost of a gallon of gas fell 6.1 percent in April but is still up nearly 44 percent from a year ago.
And so far in May, prices at the gas pump have shot back up. Nationally, the average for a gallon of gas was at a record high of $4.40 on Wednesday, according to AAA.
The high price of oil is the main factor. A barrel of U.S. benchmark crude sold for around $100 a barrel Tuesday. Gas had fallen to about $4.10 a gallon in April, after reaching its prior record high of $4.32 in March.
President Joe Biden in a statement touted the dip in the annual 'headline' inflation number -- which seems to be dropping mostly because prices began soaring a year ago, making the basis for comparison higher.
Inflation in the US has fallen slightly from the four-decade high it reached in March
'While it is heartening to see that annual inflation moderated in April, the fact remains that inflation is unacceptably high,' said Biden. 'As I said yesterday, inflation is a challenge for families across the country and bringing it down is my top economic priority.'
Biden blamed chronic supply chain snarls related to the swift economic rebound from the pandemic, as well as Russia's invasion of Ukraine, for igniting inflation.
He said his administration will help ease price increases by shrinking the government's budget deficit and by fostering competition in industries, like meatpacking, that are dominated by a few industry giants.
Republicans argue that Biden's $1.9 trillion spending package last March overheated the economy by flooding it with stimulus checks, enhanced unemployment aid and child tax credit payments.
'Inflation is out of control with another gas price record hit today, yet Biden continues to lie to Americans and refuses to take responsibility for his failed agenda,' said Republican National Committee Chairwoman Ronna McDaniel in a statement responding to the latest report.
'Biden and Democrats' reckless spending created the highest inflation in 40 years, and Americans are paying the price,' she added. 'Skyrocketing prices, Biden's gas hike, and the deteriorating economy are on the ballot in November, and voters know Biden and Democrats are to blame.'
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text: We admit we've done you Wang...Computer Associates (CA) has admitted neglecting customers in the past but has promised to improve both service and communication from now on. Speaking at CA world in Florida, CA CEO Sanjay Kumar said: "Our main focus this year is our customers and we are really committed to take our customer service up a notch. We have learnt from our mistakes in the past and I intend to make the business better by focusing on our customers." The company was strongly criticised last summer for its poor customer relations when one of the company's major investors, Texan millionaire Sam Wyly, led a shareholder revolt against the company. Wyly demanded the CA board be overturned because of lack of customer care. Kumar added: "We've learned a valuable lesson from the Wyly affair: we must communicate more - and we are fully committed in doing this." CA has had a tough year: the company is currently undergoing a US Securities and Exchange Commission (SEC) inquiry into its accounting practices. However, Russell Artzt, VP of research and development at CA, said he's not worried about the SEC probe. He said: "These things seem to be very fashionable at the moment. I think it's a post-Enron reaction, but I know we have nothing to worry about. Our customers and investors certainly are continuing to have faith in us." Some analysts claim CA's new "softer" image might be a reaction to all the recent bad press. Graham Titterington, principal analyst at Ovum, said: "We'll have to wait and see what happens to get a proof the new caring CA. We need proof this is not just hype."


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Stocks in Facebook (FB
) slid Friday following news that the social-media giant had crossed some of its most important clients—big ad buyers—by using a grossly inflated metric for average video view-times over the course of two years.
Facebook only included users who watched video ads for more than three seconds in its metric for average time viewed. Users who played a video then quickly scrolled or clicked away were omitted.
In a letter to Publicis reported
by the Wall Street Journal, Facebook told the ad buying agency that the earlier metric had inflated the metric by 60 to 80 percent.
Ad buyers have reportedly pressured Facebook for a more detailed account since the company posted a message several weeks ago saying the metric had been corrected.
Shares in Facebook Inc. were down 1.25 percent at 1pm EST, but are still up by more than 25 percent in 2016.
Facebook apologized Friday via a post
on the network by Vice President of business and marketing partnerships David Fischer, who maintains that the miscalculation was an error and not an attempt to mislead.
“As soon as we discovered the discrepancy, we fixed it,” Fischer wrote. “We informed our partners and made sure to put a notice in the product itself so that anyone who went into their dashboard could understand our error.”
Metrics that showed high levels of engagement with video ads on Facebook have prompted massive shifts in ad spending to the network over the course of recent years.
Facebook is now likely to face increased pressure to open its data to outside firms for verification.
In a letter from Publicis Media to its clients (reported by The Wall Street Journal), the firm said the news “once again illuminates the absolute need to have 3rd party tagging and verification on Facebook’s platform. Two years of reporting inflated performance numbers is unacceptable.”
Some analysts suggested that the snafu regarding a single metric would not pose a significant threat to ad revenues on the social network.
"I don't think it's a serious issue. We've had different ways that people have tracked or reported video views. Snapchat does it a little differently. Facebook does it a little differently than YouTube," RBC Capital Market's Mark Mahaney said on CNBC's "Halftime Report" on Friday afternoon.


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Asda's current president and chief executive, Sean Clarke, will leave his post at the end of the year after just 18 months in the job.
He will be replaced by current deputy chief executive Roger Burnley, who joined Asda a year ago from rival supermarket Sainsbury's.
Asda said Mr Clarke, who used to work for parent company Walmart, would "remain engaged" with the US giant.
Asda said it was always its plan for Mr Burnley to take over as boss of Asda.
Dave Cheesewright, chief executive of Walmart International, said: "Roger was purposefully brought back to Asda to partner with Sean ahead of the transition to Roger taking up the position of CEO.
"He and Sean have worked as a great team and I'm really confident in Roger's ability to continue building upon our returning momentum."
Mr Burnley is familiar with Asda, having worked at the UK's number four supermarket between 1996 and 2002.
Asda is caught up in a fierce battle for market share as the UK's grocers try to maintain profits amid rising prices and falling incomes.
On top of that, the UK's big-name supermarkets are under attack from fast-growing discounters Aldi and Lidl, where sales are growing several times faster.
Some, including Asda, are cutting costs. Last month, Asda said it was shedding almost 300 jobs at its head office.
Asda's performance has improved recently. It announced its first quarterly sales growth of 1.8% in three years this August.


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Well-known Sicilian chef A.J. Black has opened Il Tesoro Ristorante and Bar at 1578 First Ave. at East 82nd Street. The Italian restaurant, which uses seasonal ingredients in preparing delicate homemade pastas, slow-roasted meats and inventive desserts, will also include a "whole animal tasting" menu, starting at $75. With this menu for an animal or fish of the day, the restaurant says "nothing goes to waste from the animal, and all is respected in the art form of gastronomy." The restaurant, which has outposts in Florida and Martha's Vineyard, has taken over the the popular Primavera Ristorante, which had been a neighborhood staple for more than three decades before closing last year.
Kolb Art, a fine art and high-end furniture shop that has a wholesale location in the Bronx, has opened on the corner of Second Avenue and East 72nd Street. The company has been around since 1940 and is a "leading publisher and distributor of fine original artwork and limited edition giclée prints," according to its website.
Maurice Badler Fine Jewelry Ltd, is opening a 954-square-foot flagship store at 485 Park Ave., between 58th and 59th Streets, on Nov. 12, according to Winick Realty Group, which represented the 50-year-old family-owned business. The shop will also keep its long-time storefront on Fifth Avenue and 47th Street.
Panera Bread is coming to 120 East 86th St., near Lexington Avenue. Construction is currently underway for the chain store's first Manhattan location.
A 7-Eleven is moving to at 1412 First Ave. near East 75th Street next to the new 2nd Ave. Deli's location. The chain is taking over a space that had been occupied by the Vitality Health Foods store.
Salumeria Rosi Parmacotto, Cesare Casella's popular Amsterdam Avenue Italian restaurant and gourmet shop, is opening an outpost at 903 Madison Ave., between East 72 73rd Streets. Casella acknowledged having the lease to the New York Post, but declined to discuss plans.
Pookie & Sebastian, a women's clothing shop known for its jeans and tops, will be opening its fifth Manhattan location and third Upper East Side spot at 794 Lexington Ave. is expected to open in February 2012. The store is immediately moving into the 1,170-square-foot space with a 1,250-square-foot basement and paying $17,000 a month for the 10-year lease, Sierra Realty Corp, the managing agents for the building, recently announced. The shop, located between East 61st and 62nd street, had been a Sterling Optical before closing last year.
ON THE HORIZON:
Robert Marc, the luxury eyewear shop known for putting spectacles on such celebs as Robert Downey, Jr., Kate Hudson, Reese Witherspoon, Adrian Brody and Matt Damon, will be opening at 1225 Madison Ave., between East 88th and 89th streets, according to Faith Hope Consolo and Joseph Aquino of Prudential Douglas Elliman's Retail Group. Next door, custom-fit swimwear stylist Malia Mills will be moving in, the Elliman team said. The are expected to open in the spring. Robert Marc, which has another location just a few blocks away at East 92nd Street will keep that store open as well.


text:
Home' A Plus Magazine : December 2013 Contents The government of Argentina
has vowed to tackle a failing
economy after a cabinet reshuffle
“We are going to provide
incentives for foreign currency
flows, job creation and invest-
ment,” incoming Cabinet Chief
Jorge Capitanich told media,
w ithout providing specific
reser ves have fallen to less than
US$32 billion, 25 percent less
than December 2012, while the
private sector estimates inflation
at about 25 percent.
“If the government fails to
tackle the underlying inflation
problem... there will be a strong
risk of some sort of currency cri-
sis,” Fiona Mackie, an A rgentina-
based analyst for the Economist
Intelligence Unit, told Reuters.
December 2013 7
team vows to
Improved retail sales lift hopes for U.S. economic resilience
Retail sales in the United States
rose 0.4 percent in October,
according to the country ’s Com-
merce Department, surprising
most analysts and suggesting the
economy is more resilient than
had been feared.
Sales of furniture, electron-
ics, appliances and clothing all
showed solid gains in a month
affected by a 16-day shutdown
of the federal government and
cheaper petrol prices.
Economists said they
suspected a decision by the U.S.
Congress to guarantee back pay
for suspended federal workers
might have helped fuel consumer
“Lower gasoline prices freed
up a considerable amount of cash
for consumers in October, and
they appear to have tuned out the
drama in [Washington] and gone
shopping,” Richard Moody, Chief
Economist of Regions Financial
Corporation in Birmingham,
Alabama, told MarketWatch, the
news and data website owned by
Dow Jones & Co.
The consumer price index
dropped 0.1 percent, the first de-
cline in six months, as costs fell for
energy, apparel and new cars. The
decrease helped boost purchasing
power, a U.S. Labor Department
Paul Dales, Senior U.S.
Economist at Capital Econom-
ics in London, told Associated
Press that additional consumer
spending would cause the overall
economy to grow at an annual
rate of 2-2 .5 percent in the fourth
quarter of 2013.
Sales in November and
December are expected to rise
3.9 percent in value over 2012’s
3.5 percent sales growth, the
National Retail Federation told
Ben Bernanke, the Chairman
of the Federal Reser ve Board,
said last month he believed the
economy was gaining strength.
He told the National Economists
Club the Fed’s efforts to revive the
economy since 2008 had been
“coherent, consistent and success-
ful,” The New York Times reported.
Worries over euro area recovery
as third-quarter results disappoint
French, Italian GDP contract, latest data show
The euro cur rency zone’s
economic recovery sputtered
in the third quarter of 2013 as
Germany’s growth slowed,
French gross domestic product
unexpectedly shrank and Italy
extended its record period of
GDP in the 17-nation area
rose just 0.1 percent in the three
months to 30 September, lower
than the 0.3 percent expansion in
the second quarter, according to
Eurostat, the European Union’s
statistics office in Luxembourg.
Growth in Germany, the
region’s largest economy, eased
to 0.3 percent from 0.7 percent.
Spain’s GDP rose 0.1 percent and
Portugal’s increased 0.2 percent.
France surprised economists
with a 0.1 percent GDP contrac-
tion. Finance Minister Pierre
Moscovici told Germany ’s RTL
Radio that the weak reading was
due to temporary factors such as a
slowdown in aircraft orders.
However, the gover nment of
François Hollande faces growing
concerns about its ability to revive
growth in the wake of Standard &
Poor’s decision on 15 November
to cut France’s sovereign credit
rating to AA from AA+.
The Italian economy also
shrank 0.1 percent. Italy’s contrac-
tion was the ninth in succession,
extending its longest stretch of
decreasing GDP since the
euro’s creation in 1999.
“ The bleak GDP estimate
shows just how f ragile and
hesitant the eurozone’s
recovery is,” Nicholas Spiro,
Managing Director of Spiro
Sovereign Strategy in Lon-
don, told Bloomberg.
a major concern. The zone’s job-
less rate of 24.1 percent among
those 25 years old or younger
caused EU leaders at a meeting in
Paris last month to boost funds to
tackle the issue.
“ We are seeing a painfully slow
recovery,” Frederik Ducrozet,
Senior Euro-Area Economist at
Credit Agricole CIB in Paris, told
Bloomberg. “ The good news is that
the economy will grow, but defi-
nitely too slowly to significantly
Links Archive November 2013 January 2014 Navigation Previous Page Next Page


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Xiaomi is a brand of smartphones well-known for providing the best specifications and features at an affordable cost to their buyers. Although in terms of cameras and photographic quality has not received many compliments. But they always stand out in software and hardware. Consequently, Xioami has brought us the Mi Note 3 and the Mi MIX 2S that provide an experience in photography for AI and managing to position well in the DxOMark reference points. What shows us that Xiaomi is continually striving to design phones that have a higher photographic quality.
It is clear that mobile phones have gone from being a tool for communication between users to an intelligent device for capturing photographs. More and more people are using smartphones for this type of function. And, China’s smartphone manufacturers such as Huawei, OPPO, and Vivo, have seen the need to manufacture and market high-end equipment with impressive cameras.
Lei Jun internal email filtered
In this regard, a leaked internal email from the CEO of Xiaomi, Lei Jun, was recently published online. For this, we can know that the company is working and planning the creation of a new department within their company dedicated precisely to the improvement of the cameras to provide their users with a better photographic experience. The main objective of this department is to design smartphones with stellar cameras.
After the email’s publication, Lei Jun offered statements. The CEO of Xiaomi says that, as we already said, photography has become a key point for many smartphone users. Therefore, the company has decided to establish a unit camera department within the mobile phone division. Jun explains that by having this new division, this will point to the design of new phones with excellent cameras. That will not have anything to envy to the leading smart equipment manufacturers in the world.
Scores of the Xiaomi Mi Note 3 and Mi MIX 2S in DxOMark
So in DxOMark, the Mi Note 3 has reached a score of 94 for the photograph, and the Mi MIX 2S has had 101. Which corroborates that Xiaomi aims to provide its users with a better photo experience on future phones. Currently, smartphones designed by the Huawei company and Apple lead the first DxOMark benchmarks.
Among the leaked information, it has also been revealed that the Xiaomi Mi 7 comes with 16 megapixel dual rear cameras and a 13-megapixel selfie camera. In addition, also revealed that the front camera of the Mi 7 will have support for easy recognition in 3D. A complex facial recognition system called “3D Structured Light“. This will be very similar to the famous Face ID of Apple, although hopefully without the problems of this.
We already know that we are going to see the Xiaomi Mi 7 and Mi 8 presentation in the 8th Anniversary Edition later this month. We will be able to make the order in advance in May 27 of this year. So, we will be looking forward to the work done by the new camera division in the upcoming Xiaomi models.