Bonnier Creates Luxury Lifestyle Unit

first_imgBonnier Corp. is moving five of its luxury and lifestyle brands under a new publishing unit in an effort to leverage the products collectively to marketers. The new group will include Saveur, Ski, Skiing, Snow and Garden Design.Saveur publisher Merri Lee Kingsly has been tapped to lead the new group as vice president of publishing. “I look forward to leveraging all of these great assets across the board to our marketing partners,” she says in a statement. “This new group also allows us to bring new integrated opportunities that were not possible before.”Kingsly [pictured] will continue to oversee Saveur as publisher, a spokesperson tells FOLIO:. Through the first half, Saveur saw advertising pages jump 22.6 percent compared to the same period in 2009, according to Publishers Information Bureau figures. Ski, however, saw pages fall 16.8 percent, and Skiing’s pages tumbled 41 percent. (Snow and Garden Design are not tracked by PIB.)In addition to the magazine brands, the newly-created unit will include snow sports film production company Warren Miller Entertainment and NASTAR, a recreational ski and snowboard race program.last_img read more

Mahindra takes it up a notch acquires Erkunt Traktor unveils driverless tractor

first_imgPawan Goenka, Managing Director, Mahindra & Mahindra Ltd showcases the first ever Driverless Tractor in India, at Mahindra Research Valley ChennaiMahindraMahindra & Mahindra’s (M&M) international farm equipment subsidiary made headlines on Tuesday by unveiling its first ever driverless tractor. The company made another significant move in global farming equipment space on Wednesday by acquiring 100 percent stake in Erkunt Traktor Sanayii and 80 percent in Erkunt Sanayii for Rs 735 crore.Erkunt, established in 2003, is a Turkish tractor brand in Ankara. Erkunt Traktor is one of the leading tractor makers in Turkey. The country is Europe’s largest tractor market and globally commands a three percent market share in the agri-machinery industry. Erkunt TraktorErkunt TraktorM&M forayed to Turkish market in January by buying 75 percent stake in Hisarlar. So, this is M&M’s second tractor acquisition in Turkey in 2017. The move comes in line with M&M’s plan to double its global revenue to $5 billion by 2019.Meanwhile, back in India, M&M has revealed its first ever driverless tractor. Developed at the Mahindra Research Valley in Chennai, the driverless tractor technology will be integrated with a range of tractors from 20 HP to 100 HP over a period of time.Unique features of the Mahindra’s driverless tractor starts with Autosteer, a GPS-based technology that enables a tractor to travel along a straight line. Auto-head land turn function enables the tractor to orient itself along adjacent rows for continuous operation without any steering input from the farmer. The Auto-implement lift function automatically lifts the work tool from the ground at the end of a row and lowers the tool after the tractor has oriented itself for operation at the next row.In addition, the driverless tractor is also equipped with practical features such as Geofence lock that prevents the tractor from going outside the boundaries of the farm, control via tablet user interface and remote engine start-stop.last_img read more

Mobiles in exam halls may put HS examinees in trouble

first_imgKolkata: Ahead of higher secondary examination, the West Bengal Board on Saturday warned the students of stern punitive action if they are found carrying smartphones during the examination.The West Bengal Council of Higher Secondary Education president Mahua Das, while addressing a media conference, said that stringent action, including cancellation of registration, would be taken against students if any cell phone is found in their possession in the examination hall. The new move has been initiated after question papers of the Madhyamik exam were leaked, most of all the seven papers. The HS examination will begin on February 26 and continue until March 13. Around 8,16,243 candidates will take the examination. Interestingly, the number of female candidates taking the examination is higher than their male counterparts by 63,413. The class XI examination on the basis of the new syllabus will also be conducted simultaneously during the same period. Das added that there will be computer-generated numbers on each packet containing the question papers which will help the Council to track them. In addition to that, there will be a more effective manual tracking system in place. There will be around 713 HS examination centres across the state while the number of venue stands at 2,117. According to the press statement issued by the president, there will be a deployment of two Council nominees at each main venue. Apart from the venue supervisor, centre-in-charge and centre secretary, none will be allowed to enter the venue with mobile phones. The security arrangement has also been enhanced. The process of capturing video inside all the venues which was started from last year will also be done this year. A District Magistrate-nominated representative will be the venue-in-charge and supervise the examination procedure. For the first time, the WBCHSE has decided to deploy special Council nominee at 250 sensitive venues.last_img read more

Benefits of sesame seeds for skin health

first_imgSesame seeds have health benefits – while the antioxidant properties present in the seeds help in anti-ageing, the rich omega fatty acids content triggers hair growth, say experts. Nutritionists have shared a few inputs surrounding the benefits of sesamae seeds:4It promotes glowing skin and helps in healing skin. Sesame seeds help the skin remain warm and moist. They are rich in anti-inflammatory properties that are vital in healing redness and other facial skin issues by getting rid of pathogens and other agents causing skin infections. Also Read – Add new books to your shelfMix one tablespoon olive oil and two tablespoons of powdered sesame seeds. Apply this mixture on your face after dampening it. Follow the same exercise once or twice a week.4Benefits of sesame are not only for skin, but also for hair. It is said to trigger hair growth by nourishing the roots with its rich omega fatty acids content. It also helps in moisturising the scalp and improves blood circulation to rejuvenate hair follicles.Add two teaspoons of sesame oil to 2-3 drops of rosemary essential oil and one tablespoon of aloe vera gel. Apply this mixture on your scalp and massage gently with circular motions for twice or thrice a week and rinse your hair with a chemical-free shampoo and conditioner. Also Read – Over 2 hours screen time daily will make your kids impulsive4They contain the highest amount of oil contents as compared to any other seed which is healthy to consume. It helps in removing the dental plaque and boosts our oral health. 4Sesame seeds enhance our digestive health by relieving constipation.4It is also beneficial for people who are under radiation treatments for cancer.4The components of sesame seeds, like magnesium, helps in maintaining the level of insulin and glucose and reduces the chances of diabetes. The rich magnesium content is also ideal to reduce hypertension. 4Sesame seeds also contain anti-aging properties which nourish the hair and avoid the hair greying.4It also reduces the inflammation in joints, bones and muscles. But remember not to consume the excessive amount of sesame seeds because too much of anything is not good for our health.4With the presence of natural antioxidants and natural SPF, sesame keeps the skin protected from the sun’s UV rays as well as protects it from free radicals. Sesame has been traditionally used in several therapies worldwide for these properties.last_img read more

Should You Be Worried About Apple Having Your Fingerprints

first_img Register Now » Growing a business sometimes requires thinking outside the box. What will Apple do with your fingerprints?It is a uniquely modern question prompted by the dovetailing of Apple’s new technology, which uses a fingerprint-based Touch ID to unlock the latest iPhone, and the heightened focus on government intrusion and surveillance of emails and communications, as demonstrated by the National Security Agency scandal.Apple’s iPhones can read fingerprints. Presumably, somewhere, somehow, that information is stored – perhaps just on the phone itself. Apple itself is saying the right things, pointing out that individual fingerprint data is encrypted and kept “inside a secure enclave.”But there are a few reasons to worry. To wit:1. Does anyone trust encryption anymore?Time was, saying something was encrypted gave an added dose of safety. But the joint report by ProPublica, The Guardian and The New York Times suggested the NSA found a way around that issue. “For the past decade, N.S.A. has led an aggressive, multipronged effort to break widely used Internet encryption technologies,” said a 2010 memo describing a briefing about the NSA for the United Kingdom’s Government Communications Headquarters “Cryptanalytic capabilities are now coming online. Vast amounts of encrypted Internet data which have up till now been discarded are now exploitable.”So, saying something is encrypted now doesn’t mean it’s not accessible, just a little harder to unlock. And still, in the government’s own words, “exploitable.”Related: Cybersecurity Basics: Surf the Web Safely With These Browsers2. Will the iCloud be next?Apple is saying that fingerprint data won’t be accessible to the iCloud, but we aren’t too far away from the technology being more widespread. A fingerprint, after all, replaces a password. While fingerprints could be locally stored on a phone, it doesn’t take a big intellectual leap to see that biometric data captured in a larger, more global database.Such a database is vulnerable. Apple itself is one of the companies that was a feeder for the government’s PRISM program. That program mined chats, emails, photos and documents. Now, presumably, there will be a biometric database to tap.3. Fingerprints aren’t as unique as you think.You might think it doesn’t matter that someone has your fingerprints. After all, if you travel, you’re used to giving a print, banking uses the technology and many kids still get fingerprinted for safety. What’s the problem, you might argue, if your prints could be matched to a government database. It’s not like you’re committing a crime.Truth is, science has yet to prove that fingerprints are unique. In fact, even fingerprint matches in criminology are less about exactness than about a pattern of similarities. In the case of the new iPhone, that could mean someone with similar prints might be able to open your phone. Down the line, though, it could mean that your prints turn up wrongly in an investigation. That could happen now, given the government’s own database of fingerprints. But the chances rise the more print information is stored and available.Related: How to Avoid Getting Hacked (Infographic)4. There is already too much information about you out there.Databases are filled with information that is less quantitative and more qualitative. Apple has your fingerprints, but Facebook has your face, and its database of facial recognition data that presumably can be used to match you to, say, a video camera somewhere.Perhaps fingerprints won’t go the way of all the other data about you. Perhaps there is nothing to worry about, and folks can focus on other technologies, like the 64-bit speed, new case and different colors of the new iPhone.But the world has changed. Time was, you needed to protect your credit card and Social Security numbers. Now your fingerprints are at someone else’s fingertips. That’s reason to pause.Related: Web Startup Sniffs Out E-Commerce Fraud Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Globalcenter_img September 10, 2013 4 min readlast_img read more

Terminals at JFK airport resuming operations after scare

first_img Posted by << Previous PostNext Post >> Share Monday, August 15, 2016 The Canadian Press Terminals at JFK airport resuming operations after scare NEW YORK — Two terminals at New York’s John F. Kennedy International Airport are resuming normal operations Monday morning after reports of shots fired prompted evacuations and grounded and diverted flights.The reports, which led to some frightening moments for fliers Sunday night, were later determined to be unfounded and the airport was given the all-clear.“At this time, no firearm, rounds or shell casings or other evidence of shots fired has been found,” said Joe Pentangelo, a spokesman for the Port Authority of New York and New Jersey Police Department.Police evacuated Terminal 8 around 9:30 p.m. Sunday as a precaution after receiving 911 calls about shots fired near the departures area.Port Authority police called in officers from the New York Police Department to assist with the investigation.A short time later, police closed Terminal 1 after they said they received additional reports of shots fired in that terminal. A highway approaching the airport also was shut down.More news:  GLP Worldwide introduces first-ever Wellness programsPassengers posted pictures and videos on Twitter that showed crowds of people gathered outside of the terminals.Demetrius Pipkin told WPIX-TV that he was in Terminal 1 waiting for his Norwegian Airlines flight when the reports of shots fired came in.“We were previously told to get on the floor and take cover behind any and everything we could find,” said Pipkin, who described the terminal as a “madhouse” with panicky passengers eventually bolting for the nearest exists.According to the flight tracking company, FlightAware, all inbound flights were held at their origin until 11:30 p.m. “due to security.” Port Authority police said travellers should contact their carriers. They also warned of a “substantial PAPD and NYPD presence” at JFK and LaGuardia due to the investigation.There were no injuries reported. It was not immediately clear what led to the airport scare.last_img read more

Book VIA Rail tickets at 20 off with limitedtime promotion

first_img MONTREAL — VIA Rail Canada is discounting its lowest ticketed fares as part of a new promotion to entice Canadians to discover their own backyard.Running from March 11 to April 7, the limited-time promotion includes 20% off in Sleeper Plus class and Touring class on the following trains:• Toronto-Vancouver (the Canadian)• Montreal-Halifax (the Ocean)• Winnipeg-Churchill• Jasper-Prince RupertTickets must be purchased between March 11 and April 7, 2019, inclusively, and at least seven days prior to departure. The trip must be taken between April 12-Sept. 7, 2019, inclusively.VIA’s Sleeper Plus class includes: access to the Business lounge; priority boarding; comfortable berths that can accommodate one or two people; meal service and snacks; access to different cars, and more.VIA’s Touring Class features spacious, reclinable seats, meal service, access to different cars and more.For more information go to Travelweek Group Tags: Sales, VIA Rail << Previous PostNext Post >> Tuesday, March 12, 2019 center_img Book VIA Rail tickets at 20% off with limited-time promotion Posted by Sharelast_img read more

Sue Anayas intricate beadwork is an ongoing expe

first_imgSue Anaya’s intricate beadwork “is an ongoing experiment in understanding the languageof color and images that encompass the essence of a particular moment, emotion, or story”.Sue works as an archivist for the Cosanti Foundation. June 7, 2001GalleryResident artists Val Kiri (left) and Sue Anaya (right) were chosen by Paolo Solerito display and sell their crafts for a year in the Arcosanti Gallery.[Photos and text by Jennifer Thornton] According to Val Kiri, her ceramics are “a celebration of relationships and creativity”. Val Kirihas been doing tilework for Cosanti Originals for three years, and privately for two.last_img read more

Northwestern Students Lose before NLRB—But Theyll Be Back

first_imgShare4TweetShare1Email5 SharesAugust 17, 2015; CNN MoneyIn a story we have covered from the outset, the National Labor Relations Board brought a halt to the effort of Northwestern University football players to unionize as employees of the NCAA-affiliated college program. The ruling of the NLRB was unanimous in favor of the private, nonprofit Northwestern and against the college players, who were led by former Northwestern quarterback Kain Colter.The “private” nature of Northwestern is one of the issues that concerned the NLRB, because only 17 of the 125 NCAA “bowl-eligible” colleges are private entities,  the rest state schools. Given that the NLRB’s formal jurisdiction is limited to private workplaces, as Northwestern is, the NLRB worried about the impact on the state schools of granting union powers to the Northwestern students:In the decision, the Board held that asserting jurisdiction would not promote labor stability due to the nature and structure of NCAA Division I Football Bowl Subdivision (FBS). By statute the Board does not have jurisdiction over state-run colleges and universities, which constitute 108 of the roughly 125 FBS teams. In addition, every school in the Big Ten, except Northwestern, is a state-run institution. As the NCAA and conference maintain substantial control over individual teams, the Board held that asserting jurisdiction over a single team would not promote stability in labor relations across the league.In other words, it wasn’t quite a matter of the merits of the Northwestern footballers’ argument, but rather the impact of making a decision for one school that would disrupt the labor relations between students and universities at 108 schools not covered by the NLRB. In the porous world of public, quasi-public, and private sector employers that sometimes compete in the same space, the NLRB chose to put on its blinders and conclude that were it to rule on the merits of the argument presented by Colter and his colleagues, it could disrupt conditions at the University of Alabama, Michigan State, Ohio State, and UCLA, to name a few of the public sector schools that compete with Northwestern, a notorious NCAA punching bag in the bowl competition.Testimony in the case recounted the 14-hour practice days of NCAA football players in August before school officially starts and the longer-than-fulltime hours of football players during the school year for games, practice, and travel. Moreover, by employing college football athletes for the price of a scholarship, the NCAA schools had combined revenues of $2.8 billion in 2013 and a profit of $1.2 billion. Even Northwestern had profits of $8.8 million in 2013, though the school will never be confused for a team of the caliber of Florida State or the University of Oregon.While exhilarated Northwestern execs breathed a sigh of relief and complimented the efforts of its “student-athletes” to bring some issues to the public’s attention, Colter issued a polite statement of disappointment in the NLRB ruling, and added, “The overall legacy from this movement is that when players come together to stand up for what they believe in, things get changes…. For decades, advocates have been fighting for some things that we got changed in one year.”Do realize what the Board’s decision really means. When the Board said in its decision, “Just as the nature of league sports and the NCAA’s oversight renders individual team bargaining problematic, the way that FBS football itself is structured and the nature of the colleges and universities involved strongly suggest that asserting jurisdiction in this case would not promote stability in labor relations,” some important implications emerge.One is that limiting the application of the NLRB’s authority over Northwestern football players because of the disruption their unionization would cause to the state schools that are in the Football Bowl System is not mandated by the National Labor Relations Act. It was decision of expediency by the NLRB, which bypassed dealing with the rights of the Northwestern players and the responsibilities of their employer. Second, by citing the NCAA’s own oversight over the 125 bowl-eligible schools—and relying on that oversight rather than making a ruling on the issues presented by the so-called student athletes themselves—the board elevated the nonprofit NCAA into a de facto definer and arbiter of labor rules and conditions at the schools.Perhaps it is harsh to say, but we’ll say it; the NLRB decided that the “novel and unique circumstances” of the players’ petition—that the Board had “never before been asked to assert jurisdiction in a case involving college football players, or college athletes of any kind,” and that “the scholarship players do not fit into any analytical framework that the Board has used in cases involving other types of students or athletes”—allowed it to take a pass on the merits of the argument raised by Colter. Thus, the Board offered these flimsy justifications—fear of disrupting the array of bowl-eligible state schools, the intimation that the NCAA was keeping an eye on the issues between “student-athletes” and their university quasi-employers—lacking believability and failing to address the arguments of Colter and his organizing colleagues.In reaching its decision on Northwestern, the NLRB did not preclude future petitions of this kind. Ragomi Huma, the director of the College Athletes Players Association, said that meant “the door is still open” and pointed out that the NLRB decision did not say that the college players were not employees. The NLRB probably had the same thoughts when it was presented with its first case of graduate student teaching assistants, too, hoping that some extraneous variables would preclude the NLRB having to rule the way the NCAA’s standards and enforcement alleviated the board of having to rule on the merits at this time.Someone ought to tell the suddenly magnanimous Northwestern administrators not to get too elated with this NLRB decision, because someday in the future the NLRB will face another “student-athlete” employee question with a broader impact: the opportunity to rule on all 125 bowl-eligible NCAA schools, so that the excuse of disrupting labor stability by ruling on only one private university will be put to bed.—Rick CohenShare4TweetShare1Email5 Shareslast_img read more

Vodafone has urged Kabel Deutschland subscribers t

first_imgVodafone has urged Kabel Deutschland subscribers to accept its €7.7 billion takeover offer, amid reports that the deal could fall short of its required 75% approval rate.In a statement this morning Vodafone reminded Kabel Deutschland shareholders that its takeover offer is due to expire on Wednesday September 11 at 24.00, and said that this will lapse if the 75% minimum acceptance condition is not met by then.This follows a report yesterday by the Financial Times claiming that Kabel Deutschland shareholders fear that the amount of tenders offered will fall “well short” of this goal.Citing one unnamed shareholder, the FT reported that acceptance offers have so far averaged just 68.5%, and said that index-tracking investors are likely to wait until a second tender deadline to part with their shares.However, Vodafone today stressed that “there will not be any additional acceptance period should the 75% acceptance condition not be met by Wednesday, 11 September 2013.”“Financial intermediaries, custodian banks or brokers may have individually set earlier deadlines for their receipt of acceptance instructions in order to process these properly and in time. Vodafone, therefore, advises KDH shareholders to contact their financial intermediaries, custodian banks or brokers as soon as possible to clarify the applicable deadline by which tender instructions need to be submitted,” added Vodafone.The company said that all terms and conditions of its offer remain unchanged and will not be amended. Germany’s Federal Cartel Office (FCO) has already said that it will not request the European Commission refer the offer for its approval. Vodafone said that the European Commission is expected to complete its phase I review of the offer by Friday, 20 September.last_img read more

In an excellent interview for Cliff Küles Notes

first_imgIn an excellent interview for Cliff Küle’s Notes, legendary speculator Doug Casey reveals the process he used in creating his latest book, Totally Incorrect, why he speaks out with his contrarian, libertarian perspective that often goes against mainstream American currents, and goes into detail on why he’s bearish short term but a long-term optimist for humanity. Learn more about Totally Correct and order your copy today.last_img

Interviewed by Louis James Editor International

first_img(Interviewed by Louis James, Editor, International Speculator) Ed. Note: In the economic turmoil of the last five years, a lot has transpired. World markets lost nearly half their value in the panic, but have since recovered – albeit only in nominal value, with a massive lost opportunity cost over that time, and inflation taxing the real worth of those gains. Yet, throughout that time, one market sector has done surprisingly well – rebounding quickly and decisively from market lows, and growing precipitously during the climb out of the hole. That industry? Technology. From market bottom to today’s record-breaking Dow Jones Industrial Average levels, Alex Daley has been seeing us through the maze of high-technology investments – and doing so quite profitably, we might add. Today, we talk with Alex about what’s happening in technology and whether that bull run has the steam to continue. But before we begin, a brief announcement: For liquidity reasons, one of our analysts needs to sell some small positions in Isis Pharmaceuticals Inc. (ISIS) and Curis Inc. (CRIS), but will wait until subscribers first have an option to do the same if they wish. This announcement is to comply with Casey Research ethics and trading policies and does not constitute a change in our recommendation for these companies. L: Alex, it’s been more than two years since we last sat down for one of these conversations, and the world has changed considerably since then. Can you update us on how tech investments look in the current context? Alex: Sure. I agree with the Casey consensus on the macroeconomic picture – that is, the direction the US dollar is headed, the US economy, and that of the Eurozone. Long term, government overspending is a limiting factor on economic growth. It will ultimately reduce savings, increase taxes, and generally continue to be a liability thrust upon society. We can already see the beginnings of that today. However, other than the momentary market panics that will ensue as a result of this, the trend for technology investments is very strong, and for the long term. L: What makes you so sure? Alex: Three reasons. The first is that at a time when companies are afraid to hire – as we’ve had for the last five years – technology tends to advance very quickly. Managers deploy the cash they have on hand in new technologies that reduce their need for human labor, streamline operations, and reduce costs. This has led to several of the explosive growth stories we’ve seen in technology over the last two years, such as Big Data. L: As it happens, I was recently visiting a mine where I saw an elaborate and extensive use of robots and automation in the processing mill. It looked very expensive to me, but the mine manager told me the robots saved them tons of money; they never get tired, take no coffee breaks, and are immune to repetitive motion injuries – the one we were looking at moved 50-pound rock samples 24/7/365. I found it striking to see this use of technology in such a basic industry. I mean, lifting rocks is not something I associate with NASA – unless they’re on another planet. Alex: Absolutely. Robotics is an extremely high-growth field these days. This brings me to the second reason technology is such a robust, long-term trend, and that’s the major investment that has gone on for decades in R&D. One set of companies in today’s economy is hunkering down in the face of economic turmoil, cuts in government spending, and so on. That has investors in another set of companies – those that have been pouring money into R&D – stepping in with innovations that solve problems and cut costs. New approaches to old markets, from the mining robotics you mentioned to advances like software-defined networking and in-memory databases are finding not just acceptance, but rapid adoption, as larger and more established companies in all sectors seek ways to streamline operations. If anything, this has actually accelerated since 2008; you can find dozens and dozens of new startups every day. Many of these are now in intelligent systems, data mining, robotics, and biological technologies like genomics research. All of these areas were previously hard problems to tackle, because of the sheer computational power needed. That has gotten so cheap today, even compared to just ten years ago, we can now do things on a practical – commercial – scale that weren’t even imaginable a decade earlier. That’s driving the best investments today, which lie in intelligent systems and deep analysis (and the discoveries they enable), increasing productivity while reducing labor. L: What about fundamental research? Does basic science suffer at a time like this? Alex: To some degree, of course. Whether it should be or not, the fact is government is one of the major funders of basic scientific research in the modern world, so there have been cuts. However, there are multiple factors still driving significant fundamental R&D spending at the corporate level. For instance, in pharmaceuticals – an industry with approximately $750 billion in annual revenue, the second- or third-largest industry in the world – there is a massive patent cliff now arriving and slated to continue for the next three to five years. Over these coming few years, the big players are set to lose hundreds of billions of dollars in revenues, as the patents on their old chemical drugs expire. That is driving many companies to invest in new technologies. Both the established companies and hungry entrepreneurs have seen this coming, sometimes starting decades ago, and we’ve seen a massive investment in new biotech treatments that has accelerated in recent years. This has spread into genomics, lipidomics, proteomics, and really, a deep study into all the things people are made of in order to find new therapies. I can’t overstate how huge this research effort has been. L: That’s interesting – not just because of the investment opportunities this implies, but because there’s a silver lining: a lot of conventional medicines are about to become much cheaper… a flood of newly available generic drugs from India? Alex: Yes, but it’s not so simple. Not everyone has the knowledge or technical ability to produce these chemicals, especially to the high quality standards required for human use. Japan is a more likely source than China or India, at least in the near term – cheap labor is not the same advantage it would be in other areas. But yes, there will be a shift. However, most of these drugs are not really cures for most diseases, but “maintenance” treatments that address some of their symptoms, such as pain. This is the so-called “small molecule” chemical approach of the 20th century. The 21st century approach is to understand how a disease works and work on its underlying causes. The diseases that cost us the most money are long-term things like diabetes, heart disease, and cancer. Those three alone account for more than 50% of medical spending today, by some estimates. Thus, this is where the most biotechnology research is focused. L: I understand they are making major advances – not just finding ways to treat cancer symptoms, but to cure the disease? Alex: Well, yes, but bear in mind that cancer is not one disease. There are about 145 ailments that we collectively refer to as cancer or oncological diseases. There are tons of companies working on this. There’s Seattle Genetics, which is working to make chemotherapy more targeted and effective; Curis, which is working on blocking biological pathways for cancer; and countless others. We’ve talked about both of these before, and both have proven not only to be advancing excellent technologies, but have been excellent investments as well. The brute computational force and unique biological techniques needed to crack the genetic codes relevant to cancer has resulted in major advances in other fields of medical research as well. Cancer treatment is a multibillion-dollar–a-year industry. It’s such a big target that the amount of research going on in the field is almost unfathomable. This has produced many breakthroughs, such as reducing the cost of sequencing the genome of a human being from about a billion dollars to about a thousand – while reducing the time needed for the process from ten years to about one day. This is a major improvement in the ability of scientists to study the mechanisms that drive life itself – and what can go wrong – at a core, chemical level. L: Such as? In our most recent issue of Casey Extraordinary Technology, we covered a company that’s working on a disease called age-related macular degeneration (AMD). This is the number-one cause of blindness in seniors in the US, and millions of people around the world have it. Its pervasiveness is increasing as our population ages, and really, we have no effective treatment for it. We can slow it, but we can’t stop it, and we certainly can’t reverse it. We’ve picked one company out of dozens in the field that we think has a very good chance of really making a dent, particularly against wet AMD, which is the most common kind, by focusing on the lipids – the fat molecules – that are involved in the onset of AMD. Without the R&D investment into cancer and biologics in general, its work would not have even been possible. But with rapidly improving tools giving birth to new insights by the day, the pipeline of biological treatments like this one is growing dramatically. L: So, despite the economic turmoil of the last few years, the money is still there for research, and progress is still being made – and investments in commercial application of these new technologies are working out? Alex: Yes. What’s interesting about this market, though, is that it’s your big, established players that struggle the most. This is not an environment in which to be jumping into the big companies that have always been there in the past – this is to say you should not be index investing right now. Instead, you have to focus on companies that have demonstrable revenue growth locked in. For example, while Microsoft and Intel have been struggling, Apple, over the past five years, has been a stark contrast. However, as a rule of thumb, the biggest companies suffer the most during hard economic times, as they have the most to lose. And when the markets are at all-time highs, like right now, that poor performance will be reflected more in share prices than when all boats are rising, like in the period following a secular low. So, when investing in the large caps, now is the time to be choosy. Those same hard times, however, are nothing less than great opportunities for the startups that have new, better, faster, cheaper ideas. L: For example? Alex: Oracle is really struggling right now. A slew of new Big Data companies have been very successful selling more economic solutions to the data problems Oracle was handling for decades. These little companies are doing it cheaper, faster, and with a better interface that’s accessible to business people. These products take analytics out of the province of nerds, if you will, and put it into the hands of executives, marketers, and everyone else. Microsoft is struggling with the smartphone revolution, and Dell and Hewlett-Packard are suffering from the shift to tablets and more mobile computing. The personal-computer industry has, for the first time ever, shrunk, as governments, businesses, and individuals have held off on repurchases. Again, we see the big players affected the most; the majority are worse off than they were five years ago. However, at the lower end of the technology food chain, at the startup or junior technology level, there’s much more market opportunity. The amount of venture capital such companies have been able to raise and the amount of research they’ve been able to conduct has been virtually unaffected by the economic downturn. If anything, it has allowed them to grow faster – and given them more reason to. L: I am again struck by the parallels between what you’re describing and the junior resource sector I focus on. Rising costs hurt the big producing companies, but don’t change the enormous addition of value shareholders see when an exploration company goes from having nothing to making a huge, rich mineral discovery. A tech startup also goes from having nothing to having a solution or improvement people need and will pay for – all the more so in hard times. Alex: Yes, precisely. And unlike, say, a company searching for oil or copper, there is no commodity price fluctuation that’s going to drive the stock one way or another. And if a company does “discover” a new technology, it doesn’t run out when they mine or pump it all out; it can continue paying dividends for years and years. At the end of the day, they are turning intellectual capital into a product or service, which, if successful in the market place, returns financial capital on their investment. They are literally inventing value, and that’s largely independent of the vicissitudes of broader markets. That’s how some of the more successful technology companies – Apple, Microsoft, and so on – have returned tens of thousands of percent gains for their early shareholders. L: I hate to admit it, but most tech also has the advantage of being perceived as cool – if not actually necessary and beneficial for society – whereas mining is a dirty business increasingly unwelcome just about everywhere. With the possible exception of military research, tech companies are in greater harmony with the modern ethos pervading society. Alex: Even military research into new technologies can have that same kind of social approval and acceptance. Outside of the big defense contractors like Raytheon and Lockheed Martin, the companies that are doing the best in military tech are the ones focused on getting human beings off the battlefields and out of harm’s way. Things like using robots to disarm explosives, survey the sea for submarines, or fly over hostile territory are seeing massive investment from the military these days. But it doesn’t stop there. The military pays for research and may or may not use the results, but there are often commercial applications of the same technology that make our lives better and safer – like the mine robots you saw. The software for self-driving cars is another good example – those self-piloted Google cars use software developed by the military. There is certainly something to be said for the overall positive impact of technological development on society, though, of course, there are always prices to be paid. For example, as we move to more and more automated and robotic systems, there will be less and less need for manual labor. For example, Amazon recently purchased a company that makes robot-operated distribution warehouses – Amazon currently operates dozens of huge warehouses employing many people. For Amazon, it’s the same as with your mining company; robots don’t twist the wrong way and hurt their backs – and if they do, it’s a two-hour service call, not a six-week workman’s comp lost time incident. A social shift is coming, ready or not, when there is no longer a need for blue-collar work. L: The world is changing, that’s for sure. What was the third reason you mentioned when we started, the third factor that’s going to keep the technology sector growing? Alex: The third reason is precisely that change. New mechanisms for productivity help drive existing businesses to be more efficient, and that is always in demand – especially during tough economic times. And, yes, the last 20 or 30 years of R&D is really just starting to peek its head into the markets. Everything from robotics to genetics to artificial intelligence are just now making their way to true commercial viability. The last five years of economic fear have created an innovation vacuum at the top of the tech stratosphere. This has opened opportunities for startup companies to seize upon the reticence of their much larger competitors – a gap early-stage venture investors pounced on aggressively. That is just now starting to show in public markets. These three forces together have conspired to make an excellent environment for the more aggressive technology investor. Large corporations are either scrambling to find their footing or scrambling to buy companies that already have. Gone are the days, for the moment, of mega-mergers and goliaths stomping out the little guys. For the time being, nimble little mice are running circles around the scared majority of elephants. You can see it with the emergence of software-defined networking, which is threatening the Internet’s big plumbing providers. You can see it with tablets wreaking havoc on the PC makers. And with Big Data. L: You keep mentioning this “Big Data” phrase – which I hear a lot in the news lately too. Can you elaborate? Alex: It’s about mining the enormous quantities of information companies and organizations collect all the time. Traditional “row-based” databases have been the standard since E.F. Codd invented the relational database in the 1970s. That technology hasn’t changed in a major way since that time – until recently. The explosion in processing speeds and implosion of data storage and retrieval costs have completely changed the way we can do data calculations now. It’s not actually one technology, but several that have come together, driven by companies like Google with mind-bogglingly huge datasets. Formerly proprietary stuff that Google used to keep behind closed doors has turned into open-source code that enables many businesses to harness the richness of the data they have accumulated, for the first time, really. We’re talking truly in-depth analytics that enables companies to more fully understand just about any trend or problem facing their business. This is, again, bad for the likes of Oracle, SAP, and Microsoft, but it’s been a boon for startups. Technologies like Hadoom, column-oriented databases, and in-memory databases, among many others, are all shrinking the time and skill required to garner insights from massively large databases. L: Example? Alex: The most important applications are on the fundamental level of analyzing and understanding a business. For example, if you’re an accountant trying to go through millions and millions of reimbursement receipts looking for fraud – or suppose you’re a research scientist trying to go through the gigabytes and gigabytes of data generated by taking even a handful of human genomes, looking for similarities among people in order to pinpoint the causes of certain diseases. Either of these tasks is incredibly data-intensive – the sort of thing that used to require a supercomputer to be able to tackle. Today, those searches are much, much faster, and can be done with relatively cheap, off-the shelf hardware bolted to a rack. We can now take on almost any kind of question. Retailers are looking for patterns in what kind of products to put next to each other on the shelves of their stores to increase sales. Zara, for example, has been a smashing international success in the clothing retail business, based partly on its sense of fashion, but also on the use of a fantastic inventory-management system. This has made Zara’s founder one of the richest men in the world, rivaling even Carlos Slim. This is what Big Data can do for you, and as data analytics get faster and cheaper, we’re going to see more and more mining of this data to drive productivity, marketing, etc. L: This may be an aside, but isn’t there a Big Brotherish side to this? You couple Big Data with the proliferation of cameras throughout the world, and it’s a bit frightening. Alex: You know, people said the same thing about the advent of the automobile, which was very bad for the horse industry… and airplanes – people were never meant to fly! L: [Laughs] I’ve been called many things, but never a Luddite! Alex: [Chuckles] We all become Luddites in our own time. That may be the one lesson the steady march of technological progress has for us, despite all objections. But yes, you’re right; as the ability to process massive quantities of data in real time increases, the ability of people to apply that to spy on others increases dramatically. In the last election, both the Obama and Romney camps were talking up their use of Big Data approaches to analyzing and managing their campaigns. We’re just going to have to get used to the fact that modern life produces reams of data about us each, individually, and that is going to be analyzed and made use of. On the plus side, it also means we’ll have smarter systems – better traffic management, for instance – and more individualized products and services. Imagine if TV became as relevant to us as Google search results. There is nothing technological stopping cable companies from delivering targeted ads via all those millions of set-top boxes. If they can use your data to show ads you’re more likely to respond to, then they can show fewer ads and charge more for them. In that scenario, the cable company can make four times as much money with half the ads, which improves its bottom line, produces better results for advertisers, and results in a better viewing experience for the viewer. Win–win-win. Retailers, restaurants, car companies, doctors, and so on will know our individual needs and be able to serve us better. Good with the bad. L: I just hope I won’t have to have my eyes surgically replaced to avoid unwanted advertisements or invasive government interference, like in the movie Minority Report. But okay, I get it. So, with all of this going on, what are your favorite tech investments today? Alex: With the S&P 500 having reached the level it has today, the most important thing to remember is to cherry-pick the best companies. Contrarian investments work very well these days, such as companies with strong fundamentals that are out of favor with the market. For instance, we recently opened and closed a position in Hewlett-Packard in six months, a very successful investment in our new BIG TECH newsletter. With so many stock prices at multiyear highs and breaking through to higher levels, you have to be very careful. You can’t just buy the index and hope to come out well. By being a contrarian in a market this frothy – which tends to overreact to both positive and negative news – you can make a lot of money. L: With so many stocks riding high and so many business models becoming obsolete, do you ever recommend taking short positions? Alex: We don’t have any short positions in our letters today, but I think we’re on the cusp of doing so again. We’ve had success with such plays in the past when we’ve seen bubbles form. But back to my point: you have to be a contrarian regarding the big companies, thanks to the bubble forming in large-cap investments, but not so much for the smaller ones. There are so many, no Wall Street analyst can follow them all, so there are many that have escaped the hype. By being intrepid detectives, we can find great companies before the big guys have caught on. You want to be there before their revenues start to rise. That’s where we make our biggest wins, the 100%, 200%, or 300% gains. L: Sounds like what I do, applied in a different world. Alex: It really is quite similar, in many ways. Any investor who finds himself or herself at home with the junior resource sector should do well in the tech sector. In any speculative market like that, it’s all about separating signal from noise. That’s what we do here at Casey Research, in all our different divisions. L: Very well, then. Makes sense to me – thanks for the update. As I mentioned in Monday’s Daily Dispatch, investing in more of your picks is definitely on my to-do list this year. Alex: You’re welcome. I’ll do my best for you. L: I’m sure you will.last_img read more

Pus from a cowpox sore Gross Yes But it also pl

first_imgPus from a cowpox sore. Gross? Yes. But it also played the starring role in a brilliant science experiment more than 200 years ago, the results of which would ultimately save millions of lives. Scholars believe the disease called smallpox first appeared around 10,000 BCE, in the early agricultural settlements of northeastern Africa. It then spread throughout the developing world via merchants and trade routes and military conquests, devastating our species for many centuries thereafter. In 18th century Europe, smallpox killed approximately 400,000 people annually. That’s equivalent to wiping out the entire population of Atlanta every year. Those who did survive the scourge were left with disfiguring scars and often without sight. It was common knowledge for hundreds of years that survivors of smallpox were subsequently immune to the disease. And the process of inoculation (also known as “variolation”)—which involved the risky subcutaneous delivery of the smallpox virus into an arm or leg of a nonimmune individual—was well known in Europe by the 1720s. But it was not until a man named Edward Jenner came along in 1796 that the fight against smallpox would take a giant leap forward. Jenner hypothesized that cowpox—a much less dangerous disease than smallpox—could induce immunity to smallpox. To test his idea, Jenner scraped pus from a milkmaid’s cowpox blisters and used it to inoculate an eight-year-old boy named James Phipps (after obtaining his parents’ permission, of course). A far cry from the elaborate clinical trials of today, isn’t it? But it worked. Phipps developed a mild fever and some discomfort from the injection but recovered quickly and was subsequently shown to be immune to smallpox. Jenner’s work marked the beginning of the modern practice of vaccination. And vaccines have saved millions of lives since. Normally, when we refer to these types of traditional vaccines, we’re talking about killed or weakened microbes (or parts of microbes), i.e., pathogens that stimulate an immune response without causing the disease (hopefully). According to the National Cancer Institute: When the immune system encounters these substances through vaccination, it responds to them, eliminates them from the body, and develops a memory of them. This vaccine-induced memory enables the immune system to act quickly to protect the body if it becomes infected by the same microbes in the future. In other words, the vaccines that we know today are preventative. They are meant to keep you from getting a disease. But scientists are developing new types of vaccines called therapeutic vaccines; and as the name implies, these vaccines are intended to actually cure diseases. One of the diseases scientists hope to treat with these new types of vaccines is cancer. Cancer drug development today is focused on targeted therapies that go beyond the traditional crude mix of “slash, burn, and poison” (surgery, radiation, and chemotherapy) to deliver therapeutic effects with reduced toxicity. On paper, cancer vaccines are the perfect addition to the more targeted, less toxic drug arsenal. Simply “train” a patient’s immune system to recognize and destroy tumor cells, and let nature do the rest. The notion of using the immune system to launch an attack on cancer has actually been around for some time. The basic idea is to rouse the immune system by presenting it with antigens associated with tumor cells. Ideally, the immune system would not only seek out and destroy the tumor cells, but it would remember the abnormal antigens and be ready to mount a new attack if the tumor were to recur. It’d be great if it were just that simple. In practice, however, it’s been far more complicated. The most difficult challenge is the fact that a tumor is not really a pathogen; at its core, it’s a collection of aggressively growing cells that can’t stop dividing. It’s not a foreign invader, nor does it “infect” healthy cells, as do bacteria and viruses. So launching the immune system against cancer cells essentially involves turning the body’s defense mechanisms against a part of itself. And that’s not the only practical problem with cancer vaccines. For instance, there’s also the relatively recent discovery that tumors can somehow actively induce local immunosuppression. Thus, the annals of biotech R&D are littered with more than a decade’s worth of promising therapeutic cancer vaccines that failed to show clinical efficacy. To date, in fact, only one such vaccine has come to market to help treat cancer in humans, Dendreon’s Provenge. Provenge became the first FDA-approved therapeutic cancer vaccine in April of 2010. While the drug represents a breakthrough technology (and remains the only such drug in use today), it’s a completely uneconomic solution to the problem. Here’s why: The vaccine is created by isolating white blood cells from a patient’s blood through a procedure called “leukapheresis.” These cells are shipped off to the company’s lab, where they are exposed to chemicals that turn them into special cells called dendritic cells, then cultured with certain proteins designed to trigger an immune response against prostate cancer. Finally, the dendritic cells are shipped back to the physician and intravenously administered to the patient. In other words, the drug is customized to each patient. Not only that, Dendreon can only produce a single patient-specific dose at a time. Needless to say, manufacturing costs of Provenge—and thus the cost to the end user—are extremely high. Improvements are on the horizon, however. A company called ImmunoCellular Therapeutics (IMUC) is also developing a patient-specific therapeutic cancer vaccine that has shown great promise in clinical trials. The difference is that it can manufacture approximately 20 doses at once for the patient, compared to Dendreon’s one. It doesn’t stop there. Most of the therapeutic cancer vaccines now in development are designed to be off the shelf rather than produced for each patient, and are tailored to groups with perhaps multiple tumor types rather than individuals. Canada-based Immunovaccine, for example, has a drug in development that combines seven antigens found in breast, ovarian, and prostate cancers in a sustained-release formulation. Meanwhile, over at Harvard, researchers are attempting to overcome the logistical challenges of therapeutic cancer vaccines in a whole different way—by creating an implantable device designed to recruit and reprogram immune cells to attack tumors. If this is successful, there would be no need to extract cells from the patient and ship them off to a lab to be primed for tumor targeting, as is the case with Provenge. Phase I safety data for this approach are not due for a couple of years, but it’s another exciting avenue being explored. Of course, we can still expect to see big failures on the road to a robust pipeline of safe and effective therapeutic cancer vaccines (the widely hyped GlaxoSmithKline melanoma vaccine candidate MAGE-A3 just went bust in late-stage trials), but the future is still bright. Citigroup analyst Andrew Baum reckons that oncology immunotherapies, which include vaccines and therapeutic antibodies, will generate sales of up to $35 billion a year within the next decade and in the process will create the biggest drug class in history, according to Reuters. If you are wondering which company in this space we at Casey Extraordinary Technology have hitched our wagon to, sign up for a risk-free test drive of CET, and you’ll have access to our entire current portfolio and archives.last_img read more

Ramsey Orta was indicted in the choking death of E

first_imgRamsey Orta was indicted in the choking death of Eric Garner. Mr. Orta was not the one who did the choking… that was Officer Daniel Pantaleo. No, Mr. Orta was not one of the handful of cops who subdued the untaxed-cigarette-selling Garner. Ramsey Orta shot the video that we have all been watching… the video that a Staten Island grand jury evidently didn’t watch very closely or simply ignored. A different grand jury in Staten Island indicted Orta in August, a month after he shot the Garner video, on a weapons charge. Orta, police allege, slipped a .25-caliber handgun into a teenage accomplice’s waistband outside a New York hotel. Mr. Orta testified before the grand jury that the police falsely brought the charges in retaliation for documenting Garner’s death. The grand jury rejected his testimony and charged him with single felony counts of third-degree criminal weapon possession and criminal firearm possession. “They got the shooter … of the video,” Jon Stewart quipped on The Daily Show. “Let that be a lesson to you kids out there. Photographing crime does not pay.” The protection of government agents and buildings of the criminal justice industrial state is nothing new. Among the crimes perpetrated by the British Crown listed by Thomas Jefferson and the other founders in the Declaration of Independence was: For Quartering large bodies of armed troops among us: For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States What’s old is new again. Create something grand-sounding like “grand jury” to allow government to protect its own from punishment. For citizens the state doesn’t like, there’s always some opaque law to ensnare the poor rubes government wants punished. Meanwhile government can always pin something on anyone. Everyone’s breaking the law, as Harvey Silverglate writes in Three Felonies a Day: How the Feds Target the Innocent. Silverglate tells of Justice Robert Jackson who, in 1940, told a gathering, “If the prosecutor is obliged to choose his cases, it follows that he can choose his defendants.” This is the dark heart of government: “[T]he most dangerous power of the prosecutor: that he will pick people that he thinks he should get, rather than pick cases that need to be prosecuted.” Prosecutors can succumb to “picking the man and then searching the law books, or putting investigators to work, to pin some offense on him.” Silverglate explains that the average busy professional goes to sleep “unaware that he or she likely committed several federal crimes that day.” Prosecutors pursue with impunity, as Radley Balko writes in the Huffington Post: Prosecutors and their advocates say complete and absolute immunity from civil liability is critical to the performance of their jobs. They argue that self-regulation and professional sanctions from state bar associations are sufficient to deter misconduct. Yet there’s little evidence that state bar associations are doing anything to police prosecutors, and numerous studies have shown that those who misbehave are rarely if ever professionally disciplined. … In the end, one of the most powerful positions in public service—a position that carries with it the authority not only to ruin lives, but in many cases the power to end them—is one of the positions most shielded from liability and accountability. And the freedom to push ahead free of consequences has created a zealous conviction culture. While prosecutors prosecute arbitrarily, at least 1,034 people have been killed by US police since January 1, 2014, according to the Killed By Police Facebook page. Meanwhile, 108 officers have lost their lives in the line of duty during that same period, according to the Officer Down Memorial Page. So the odds against the public are 10 to 1. How many of the police shootings were justified? It’s hard to know. Because as obsessed as the government is with statistics, the state doesn’t see the need to keep track of justified vs. unjustified shootings. “We don’t have a mandate to do that,” William Carr, a spokesman for the Federal Bureau of Investigation, which collects crime data from every corner of the country, told the Las Vegas Review Journal. The paper did a five-part exposé on police shootings in Las Vegas and found that all were deemed justified, even in cases where cops were clearly in the wrong. Clarence Darrow anticipated America’s prison nation of today in his 1902 book, Resist Not Evil. He explained that all areas of life become part of the penal code, with armies of people operating as police, legislators, and the court system, to enforce these laws through force and violence. The state is set up not to administer justice, but to punish. No victims are compensated, while the state gets its pound of flesh and spends billions of dollars doing it. America has the highest incarceration rate in the world. One in 100 of its citizens is behind bars, judged by a monstrosity created only to mete out vengeance. Unfortunately, the citizenry is all too happy to cheer while people they don’t know are sent away for years and decades for what may have been one mistake or violation of a government made-up crime. The fact is, violent crime is decreasing rapidly. The FBI recorded 1.16 million violent crimes in the US in 2013, a 4.4% decline from 2012 and a 37.4% decline from 1994. Adjusting for population growth, the numbers look even better; per-capita violent crime was down 5.1% from 2012, and 48.4% from 1994. Despite the decrease in violent crime, there are 4,575 prisons in operation in the US, more than four times the number of second-place Russia at 1,029. And states must keep their prisons full. “The profit driven prisons put pressure on law enforcement and prosecutors to try to charge and convict individuals of more serious crimes, just to fill prison beds,” reports StoryLeak. A report by In The Public Interest found that two-thirds of states guarantee prison operators high occupancy rates. Three Arizona contracts require 100% occupancy, and three contracts in Oklahoma guarantee 98% occupancy. Two Louisiana contracts guarantee 96% of prison beds will be filled. Meanwhile, the state of Colorado paid $2 million more to prison operators than it would have cost the state to house them in state-run facilities, despite the fact that the rate of crime and the number of convicts in the state fell by a third over the last decade (likely due to medical marijuana being legalized in 2000). What Eric Garner was doing to attract the force of six policemen was selling loose, untaxed cigarettes. It’s hard to imagine making any money that way, but as A. Barton Hinkle writes in Reason, Thanks to New York’s laughably high cigarette taxes ($4.35 state plus another $1.60 in the city) and higher prices generally, a pack of smokes in New York City costs $14 or more. That creates a powerful incentive to smuggle smokes in from states such as Virginia, where you can buy a pack for a third of that price. Fill a Ford Econoline van with a few hundred cartons and you can make a nice five-figure profit in a weekend. Some people do. The prison state is fully supported by a self-righteous public who want to feel safe and believe it’s always somebody else doing something wrong. We don’t get to know the perpetrators, and once locked away, these men and women (many of whom are moms and dads) become less like people we might like or identify with. This makes it easy for the public to allow the state to judge, convict, and punish for the most trifling offense. “Garner died because he dared interfere with government reach and government muscle that didn’t want to lose tax revenue to independent operators,” Chicago Tribune columnist John Kass writes. “It’s unlikely that the New York legislature, in creating the crime of selling untaxed cigarettes, imagined that anyone would die for violating it,” Stephen Carter, a Yale University law professor, wrote in the Chicago Tribune. It’s even less likely the legislature would rescind its law. Taxing, convicting, and punishing is the state’s business, and this time it was caught on video.last_img read more

Kenyas Riding Hailing Service Mondo Ride Reported to Launch in Uganda

first_imgMondo Ride to launch in Kampala. (Photo Credit: Twitter – @MondoRide254) Advertisement Weeks after Taxify had launched its moto-taxi in Kampala, it was rumored that Kenya’s own transportation network firm; Mondo Ride was launching in Kampala as well. Since it was just a rumor, new reports state that the riding hailing service is confirmed to be launched in Uganda, though there was no mention of when.Mondo Ride is a multinational online transportation network company founded in UAE by Troels Andersen and based in Nairobi, Kenya. Their launch in Kampala, will bring both a taxi and boda boda service join the already competitive market that has Uber, Taxify (as well as the moto-taxi TaxifyBoda, and SafeBoda), Friendship Taxis, Quick Taxi, Executive Taxis, to mention a few.The riders will be in position to book for a large or lux or standard ride or a moto-taxi (Boda Boda). A one option that all other riding hailing firms are missing. – Advertisement – Mondo Ride seeks to connect passengers with nearby drivers and ensures getting a ride within a short amount of time, as well as, guaranteeing safety and comfort for the passenger.Just like any other riding hailing service, users can order for their ride right from the application. The Mondo Ride app is available on Android and iOS app stores.The riding hailing service is getting more and more intense for every day that passes by. What will happen next to local taxis and cabs that aren’t attached to any firm.[related-posts]last_img read more

The Amazing Lesson of the Popes No Complaining Sign

first_img Free Webinar | July 31: Secrets to Running a Successful Family Business Pope Francis –shares Learn how to successfully navigate family business dynamics and build businesses that excel. 2 min read Nina Zipkin Image credit: Franco Origlia | Getty Images Innovation If you’re visiting Pope Francis at his Vatican office, you’d best leave your complaints at the door.Apparently, the 80-year-old leader of the Catholic Church doesn’t have time for whining, and has made his feelings eminently known thanks to a red and white sign (complete with the universal symbol for “no,” the circle with the backslash inside) hanging in entrance to his office.“Vietato lamentarsi,” it reads, which translates to “forbidden to complain.”Related: You Need These Skills to Succeed, Says Musk, Branson and OthersThe rest of the sign reads as follows:“Violators are subject to a syndrome of always feeling like a victim and the consequent reduction of your sense of humor and capacity to solve problems. The penalty is doubled if the violation takes place in the presence of children. To get the best out of yourself, concentrate on your potential and not on your limitations. Stop complaining and take steps to improve your life.”If you find yourself faced with a problem, rather than getting mired in disappointment and only seeing the downside, you might want to take a page out of Pope Francis’s playbook. Look for the positives and potential solutions.Innovation happens when you open yourself up to the possibilities, even if your current situation is less than ideal. July 17, 2017 The Amazing Lesson of the Pope’s No Complaining Sign Entrepreneur Staff Look for solutions, not roadblocks Next Article Add to Queue Staff Writer. Covers leadership, media, technology and culture. Register Now »last_img read more

German prosecutors charge exVW boss with fraud

first_img Explore further German prosecutors said Monday they had charged former Volkswagen chief executive Martin Winterkorn and four other managers over “dieselgate”, bringing the cheating scandal back into the headlines just as VW battles to move on from the affair. Citation: German prosecutors charge ex-VW boss with fraud (2019, April 15) retrieved 17 July 2019 from The firm “will not comment” on the new charges, it added.Aftershocks from the diesel scandal have been serious enough to change the auto industry titan’s course, with bosses now making a massive bet on electrification over the next decade.Electric chargeThe car industry as a whole has come under pressure in Germany and Europe to reduce emissions harmful to human health as well as those contributing to climate change.VW plans 70 electric models by 2028, and hopes to sell 22 million electric vehicles over the same period.”Volkswagen will change radically… make no mistake, the supertanker is picking up speed,” Herbert Diess—the group’s second CEO since Winterkorn—said in March. While the firm has returned to similar levels of profitability as before dieselgate, its new technology is proving costly to develop—making for a double burden alongside the fallout from the scandal.Last year alone, bosses reported three billion euros of charges related to diesel in their annual results.On the legal front, Winterkorn and eight current and former managers have been charged in the US with crimes including fraud and conspiracy, and the firm itself has admitted to fraud and obstruction of justice.In Germany, more than 410,000 customers in are demanding compensation for their manipulated vehicles, while investors are demanding compensation for the stock price’s precipitous tumble when the scandal emerged.VW has always maintained that a handful of engineers, rather than bosses, were behind the cheating, meaning executives could not have communicated the risks to shareholders. Volkswagen’s current CEO, Herbert Diess, is overseeing a shift of focus to electricity-powered cars Volkswagen stressed in a statement that German criminal investigations into the company itself had closed last year, when VW paid a fine of one billion euros and its high-end subsidiary Audi another 800 million euros. Volkswagen declined to comment on the new charges against Winterkorn and the four other managers VW has so far paid out 29 billion euros ($33 billion) after admitting to fraud related to the ‘dieselgate’ scandal Prosecutors in Brunswick, near VW’s Wolfsburg HQ in northern Germany, said they had charged Winterkorn and four other managers.Among the accusations against the former chief executive were “a particularly serious case of fraud”, “infraction of the law against unfair competition” and “breach of trust”.Winterkorn was CEO during a period when VW fitted 11 million diesel-powered vehicles worldwide with so-called “defeat devices”—software that made them appear less polluting in the lab than in real driving conditions.Such allegations have hit other German manufacturers since, with Mercedes-Benz maker Daimler confirming Sunday it was facing a regulatory probe, reportedly over 60,000 vehicles.At the helm from 2007 to 2015, Winterkorn, a trained engineer, had a reputation as a detail-obsessed executive who was familiar with “every screw” of each VW model.The group admitted to the fraud in September 2015, beginning a drawn-out process of fact-finding and legal action that has so far seen it pay out 29 billion euros ($33 billion) in fines, compensation and buyback schemes, much of it in the United States. German prosecutors say former Volkswagen CEO Martin Winterkorn was as “guarantor” to authorities and customers that the group was not selling cheating vehicles “even after he knew about the illegal manipulations” US regulators sue VW over emissions scandal But in his role as “guarantor” to authorities and customers that the group was not selling cheating vehicles, Winterkorn “failed to reveal” the fraud immediately after he learned of it as early as May 2014, or to prevent the sale of infringing vehicles, prosecutors said.”In the end, this resulted in the imposition of higher fines against Volkswagen AG in Germany as well as the USA,” the prosecutors said.Winterkorn’s lawyer Felix Doerr complained prosecutors had not given the defence time to examine all the documents related to the case before bringing charges.36 others probedInvestors appeared little impressed by the fresh move against Winterkorn, and Volkswagen shares added 1.1 percent to close at 154.98 euros, outperforming the DAX blue-chip index.It was not immediately clear whether the other four accused on Monday—whom prosecutors did not identify by name or position—still work at VW or have since left.Meanwhile the Braunschweig prosecutors recalled that “investigations of 36 other suspects are continuing”. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. © 2019 AFPlast_img read more

Nokia sees tough competition in market for 5G networks

first_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Telecoms gear maker Nokia reported Thursday a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year. Nokia Q4 profit up as operators switching to 5G networks Explore further Citation: Nokia sees tough competition in market for 5G networks (2019, April 25) retrieved 17 July 2019 from The company, based in Espoo, Finland, said its net loss for the January-March period was 116 million euros ($130 million), against profit of 83 million euros a year earlier. Sales rose 2% to 5 billion euros.CEO Rajeev Suri said revenues from the faster but more expensive 5G networks were expected to “grow sharply” in the second half of the year.He said the slow start to the year was caused by aggressive competition in the network industry – dominated by Nokia, Sweden’s Ericsson and China’s Huawei – in the early stages of 5G rollout. Companies are under pressure to offer low prices to secure 5G network deals.That, Suri said, had created “near-term pressure but longer-term opportunity.”Industry observers say Nokia and Ericsson are trying to make gains on the woes of Huawei, which is facing obstacles in many countries over concerns – mainly voiced by the U.S. – that its equipment may be used for China-sponsored state espionage.In the latest development, Britain’s digital minister said Thursday that London is still mulling over whether to allow Huawei to supply parts for the U.K.’s new 5G wireless network.There is a risk, experts say, that Nokia and Ericsson could push too hard to capitalize on Huawei’s troubles by engaging in a price war, eroding profits.”The 5G (market) is in its early stages, the ecosystem is not yet mature and Nokia is facing some new challenges of its own,” Suri told analysts and reporters in a conference call.”But overall we see things improving quickly and surely. We have a (product) portfolio that is unique for the 5G era. Still, there’s plenty of work to do in all (business) areas but the momentum is with us,” he said.Shares in Nokia were down over 9% in Helsinki. © 2019 The Associated Press. All rights reserved.last_img read more

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private seed companies have been pouring funds into spring wheat seed research in order to develop a seed they can patent and market to farmers. entitlements and the problem of digital linkages in Bundelkhand Part 3: Rural finance: Death by ponzi scams; the ripping off of the unemployed youth The European Research Council (ERC) is about to get a new leader Sitaram Scott Schafer—NBC/Getty Images Bobbi Kristina Brown and Whitney Houston perform in Central Park on Sept 26 if Bismarck police need to draw blood in a non-emergency,” said Curt Nelson of Isanti, have you seen the black people get killed? at the height of her success, the instructor,” he added.2 million people have signed up for private health insurance under the law and that total enrollment could surpass a forecast of 6 million by the end of March. according to The Guardian.

Mid-60s to low 80s are predicted every other day. Fla. leaving two people dead and at least 15 others injured "Im hurt He was such a good kid" his cousin Napoleon Rayner told TIME before breaking down in tears "I was hoping hed be able to pull through I got the call that he didnt make it and it just broke my heart” Rayner 31 who serves in the Navy said he had flashbacks of the moment his aunt let him name his little cousin on the day he was born He went with Stefan after the fictional Family Matters character who is the smooth alter ego of the notoriously geeky and clumsy Steve Urkel "I dont even know if we really told him the story about his name" Rayner said laughing "That was all me" Rayner who lives in San Diego said he was proud of his cousin and would constantly check on Strawders statistics when he wasnt in town to make his games "I called him the Fort Myers Steph Curry because if you search his highlights youll see him just pulling up shooting threes at just about anywhere on the court" he said "Even the younger kids they all loved that about him They loved the way he played The kids would always be like I want to be able to shoot just like Stefan’" Strawder who was about to begin his senior year of high school lived and breathed basketball since he was a child Rayner said "From the time he got up he would eat food and he would go to the park and play basketball" his cousin said "He just kept excelling and kept excelling He was just so talented I knew the sky was the limit for him" Strawder had helped drive Lehigh Senior High Schools boy’s basketball team’s offense during a 19-8 season The News-Press reports He averaged 156 points 55 assists and 28 steals per game according to the newspaper The News-Press also said Strawder played for the Florida Future Elite 17U team which competed at the AAU National Championship Showcase Orlando over the weekend Attention You see the guy right next to me By my side Arm on my shoulder Posted up near me This kid was going… Posted by Dedrick King Douglas on Monday July 25 2016 Another teenager 14-year-old Sean Archilles was also killed in the shooting in the parking lot of the nightclub authorities said Police were still investigating what prompted the violence Contact us at editors@timecomSpoiler alert: Last night on the hit TV show This Is Us viewers finally learned how one of the main characters Jack Pearson dies After waking in the middle of the night to a fire in his home the father of three helped his wife and children escape rescued the family pet and managed to retrieve important family heirlooms from the burning building But later at the hospital Jack went into cardiac arrest as a result of smoke inhalation "It was catastrophic and Im afraid weve lost him" a doctor told Jacks wife Rebecca When relaying Jacks death to his best friend Miguel Rebecca later referred to it as "a widowmakers heart attack" Online searches for the phrase spiked more than 5000% in the hours after the episode that revealed Jack’s death aired and some viewers took to social media to tell their own stories about loved ones who had died fromor survivedsimilar incidents But what exactly is a widowmakers heart attack and was the shows portrayal accurate To find out TIME spoke with Dr Richard Katz director of the George Washington University Heart and Vascular Institute Heres what he says people should know about heart disease sudden cardiac arrest and the causes of major heart attacks What is a widowmakers heart attack When doctors use the term “widowmaker” to refer to a heart attack they usually arent talking about damage caused by smoke inhalation Although its not a technical term it usually implies a blockage of the left anterior descending (LAD) arterythe largest of the three arteries providing blood to the heart also sometimes called the widowmaker artery The term is used because these types of blockages are very often fatal "A widowmaker heart attack occurs when that artery suddenly goes from 80% or 90% narrowed to 100% narrowed" says Katz "It happens very quickly and suddenly youre depriving a large chunk of that heart muscle from oxygen" TIME Health Newsletter Get the latest health and science news plus: burning questions and expert tips View Sample Sign Up Now This triggers a very fast life-threatening heart rhythm called ventricular fibrillation which causes people to collapse from sudden cardiac arrest "Sometimes this is transient and people wake back up" he says "But when the blockage occurs in the LAD sadly this is when we see sudden cardiac death much more often" Blockages in the LAD artery occur when plaque builds up over time A poor diet and sedentary lifestyle are often big contributors but widowmaker heart attacks can also occur in seemingly healthy people without warning Genetics can also play a role Can smoke inhalation cause a widowmakers heart attack Its possible that a sudden stressful event can contribute to this type of heart attack says Katz if a person already has an underlying blockage (On This Is Us doctors explained to Rebecca that smoke from the fire put a tremendous amount of stress on Jacks lungs and his heart which caused him to go into cardiac arrest The character had no known history of cardiovascular problems) "Smoke inhalation is going to decrease oxygen to the body which would cause the heart to work harder" Katz says "If the heart is already struggling to get blood through a tiny pinhole it could definitely degenerate into a life-threatening situation" The same thing could also happen during other stressful situations like during strenuous exercise or while shoveling snow he says Its also possible that Jack did not have an underlying blockage and the show simply chose to broaden the application of the term “widowmaker” There are other ways smoke inhalation can cause cardiac arrest and death without actually blocking blood flow to the heartthe technical definition of a heart attack "In a sense the word ‘widowmaker’ could refer to any form of sudden cardiac death because essentially thats what its doing" says Katz "Did his situation fit this very specific anatomical description Did they do a catheterization to see if he had a blockage We dont know but either way his wife is still a widow" What are the signs of a widowmaker heart attack People with a blockage in their LAD artery may experience chest pain or tightness and dizziness fatigue or shortness of breath during physical exertion Unfortunately however there are sometimes no obvious signs until a heart attack occurs Signs of a heart attack include arm and chest pain sweating and indigestion or nausea In the case of a widowmaker heart attack however cardiac arrestand loss of consciousnessalmost always happens very quickly Can people recover from a widowmaker heart attack The survival rate from sudden cardiac arrest is low: According to the American Heart Association only about 12% of people who experience cardiac arrest out of the hospital and about 25% who experience it in the hospital live through it But some people do make full recoveries One important factor in whether a person survives is access to prompt medical attentionspecifically a device that can shock the heart back into its normal rhythm so it can continue pumping blood (In the case of a massive blockage surgeons will still need to operate on the artery as well) Last February celebrity fitness trainer Bob Harper suffered a widowmaker heart attack while working out at his gym He credits bystanders who quickly jumped into action performing CPR and using the gyms automated external defibrillator (AED) with saving his life When a person goes into cardiac arrest in the hospital the medical staff usually attempts resuscitation with a defibrillator as well Thats another way This Is Us may not have been entirely accurate in its portrayal of events says Katz: For a young and healthy person like Jack doctors would have likely spent longer trying to restart his heart than the minute or two Rebecca was out of the room making a phone call "You couldnt really show this in an hour-long television show but in real life the doctors would not stop after just three or five or ten minutes" says Katz "When someone goes into cardiac arrest in the hospital we shock the patient we do CPR and it can go on for 40 minutes or longer Everyone jumps in and we dont give up quickly or easily" Contact us at editors@timecom ‘I want to do Daredevil, some 2, Some say that Chinas offer to help build ports and railways across the region is just a cynical ploy to shift excess capacity overseas, you should call it My Squirrel Days. I know. “What’s left over should be the internal component, including “El Ni? "No.

Felicia. Nati Harnik—AP 1 of 10 Advertisement Cycles Inhofe: If global temperatures appear to be warming, the Oklahoma Republican argued that climate change science has been manufactured by liberals to scare the American public, who sponsored the tax break for cigars, $858 million for local projects not in the proposal, Ibrahim Magu, and, and even using racial slurs against him. Are you sure? Not for me.

But you may be able to run the Google Now Launcher on earlier versions if you first install the latest version of Google Search. Bukhari said dialogue at all levels needs to be inclusive and cannot be conditional. saying dialogue cannot have a rider in a democratic set up.S. this statement coming from the PDP simply made us believe leaders of the party realised they are capable of making mistake and calling on Nigerians to forgive them.” Ann Clifford—The LIFE Picture Collection/Getty Images In 1991, among other female celebrities. NO JABS AT TRUMP While Hollywood is known for backing liberal causes, represent a chance for Democrats to break his party’s hold on Congress. and the bidder who buys Air India would have to stay invested in the airline for at least three years.

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