Lacson: SEA Games fund put in foundation like ‘Napoles case’ 2 dead in California school attack; gunman shoots self PLAY LIST 03:122 dead in California school attack; gunman shoots self01:42Police: California school shooting took 16 seconds00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games Sports Related Videospowered by AdSparcRead Next Heart Evangelista admits she’s pregnant… with chicken National University also capped the preseason tournament with a piece of recognition after fending off University of Santo Tomas, 86-75, for the third-place trophy.Rhayyan Amsali had 30 points and 14 rebounds to lead NU. LATEST STORIES For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. 1 dead in Cavite blast, fire Mapua topped Ateneo, 89-82, in the high school finals of the Filoil Flying V Preseason Cup at Filoil Flying V Centre in San Juan.Clint Escamis delivered an offensive assault for the Red Robins, finishing with a game-high 23 points to go along seven rebounds.ADVERTISEMENT Escamis, though, wasn’t the lone Red Robin to punish the Blue Eaglets.Mapua’s frontcourt duo of Warren Bonifacio and Will Gozum crushed Ateneo.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutBonifacio finished with 18 points and 12 rebounds, nine of which came from the offensive glass, while Gozum had a 17-point, 14-rebound double-double.Dave Ildefonso led Ateneo with 16 points and eight rebounds while Kai Sotto finished with 15 points and 14 boards. MOST READ Ronaldo hits milestone as Portugal sink New Zealand What ‘missteps’? WATCH: Firefighters rescue baby seal found in parking garage Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ World’s 50 Best Restaurants launches new drinking and dining guide View comments
While the spotlight is on Argentina and specifically Lionel Messi, one can’t forget that it takes two teams to play a football match.While everyone is talking about the Argentine team from the moment they landed at the Netaji Subhash Chandra Bose International Airport, the Venezuela outfit has been carrying on with their duties slowly but steadily.The Venezuelan players have decided to go ahead and promote the development of the game at the grassroots in the country.With Real Madrid opening their first football academy in Asia in Kheada – a village in West Bengal – to tap raw talent in rural areas, the Venezuela players have decided to go and spend time with the kids there and share their experiences with them.This sounds like exciting times for the kids as they are set to meet Real Madrid coach Jose Mourinho and star players like Iker Casillas in December for an interactive session.For the record, Venezuela had a terrific run in the recent Copa America and made it to the semi- finals before losing to Paraguay in a penalty shootout.With their domestic league turning professional only in 1957 and them getting international exposure only since 1967, it is no mean feat that 17 of the 23 players who have been selected for the match ply their trade in Europe.They might have not made the cut for the 2010 World Cup, but they can surely teach Indian youngsters a thing or two about how to go about chasing one’s dream to become a successful professional footballer.advertisementSujit Brahmachary, director of Institute for Indian Mother and Child (IIMC), said that Venezuela’s initiative to come forward and help was overwhelming.”The Real Foundation has already done a lot for the youngsters and now with Venezuela players keen to spend time with the kids, we are extremely pleased.”The aim has been to ensure that the youngsters in rural areas get to play the global game and if they get to meet international quality players and learn from them, what could be better. We are keenly looking forward to the meeting and interactive sessions,” he told MAIL TODAY.The foundation also plans to set up logistical facilities and has already signed a three-year contract with IIMC. It hopes the project will be as successful as the Tata Football Academy.
DefinitionMethyl salicylate is a wintergreen-scented chemical found in many over-the-counter products, including muscle ache creams. Methyl salicylate overdose occurs when someone accidentally or intentionally takes more than the normal or recommended amount of a product containing this substance.This is for information only and not for use in the treatment or management of an actual poison exposure. If you have an exposure, you should call your local emergency number (such as 911) or the National Poison Control Center at 1-800-222-1222.See also: Sports cream overdoseAlternative NamesDeep heating rubs overdose; Oil of wintergreen overdosePoisonous IngredientMethyl salicylate, a compound similar to aspirinWhere FoundDeep-heating creams (Ben Gay, Icy Hot) used to relieve sore muscles and jointsOil of wintergreenSolutions for vaporizersNote: This list may not include all products that contain methyl salicylate.SymptomsBladder and kidneys:Kidney failureEyes, ears, nose, and throat:Eye irritationLoss of visionRinging in the earsThroat swellingHeart and blood:CollapseLow blood pressureLungs and airways:Difficulty breathingNo breathingRapid breathingNervous system:AgitationComa (decreased level of consciousness and lack of responsiveness)ConfusionConvulsionsDeafnessDizzinessDrowsinessHallucinationsHeadacheFeverSeizuresStomach and intestines:NauseaVomiting, possibly bloodyHome CareSeek immediate medical help. Do NOT make a person throw up unless told to do so by Poison Control or a health care professional.Before Calling EmergencyDetermine the following information:Patients age, weight, and conditionName of the product (ingredients and strengths, if known)Time it was swallowedAmount swallowedPoison Control, or a Local Emergency NumberThe National Poison Control Center (1-800-222-1222) can be called from anywhere in the United States. This national hotline number will let you talk to experts in poisoning. They will give you further instructions.advertisementThis is a free and confidential service. All local poison control centers in the United States use this national number. You should call if you have any questions about poisoning or poison prevention. It does NOT need to be an emergency. You can call for any reason, 24 hours a day, 7 days a week.Take the container with you to the hospital, if possible.See: Poison control center – emergency numberWhat to Expect at the Emergency RoomThe health care provider will measure and monitor your vital signs, including temperature, pulse, breathing rate, and blood pressure. Symptoms will be treated as appropriate. You may receive:Activated charcoalBreathing support, including tube through the mouth and breathing machine (ventilator)Chest x-rayEKG (heart tracing)Fluids through a vein (by IV)Kidney dialysis (machine)LaxativeMedicine (sodium bicarbonate) to reverse the effect of the medicationTube from the mouth into the stomach to empty the stomach (gastric lavage)Outlook (Prognosis)How well you do depends on how much salicylate is in the blood and how quickly treatment is received. The faster you get medical help, the better the chance is for recovery.Most people can recover if the effect of the salicylate can be stopped (neutralized).Internal bleeding is possible, and blood transfusion may be needed. Endoscopy, or passing a tube through the mouth into the stomach, may be required to stop internal bleedingMethyl salicylate (oil of wintergreen) is the most poisonous (toxic) form of the salicylates.ReferencesTintinalli JE, Kelen GD, Stapczynski JS, Ma OJ, Cline DM. Salicylates. In: Tintinalli JE, Kelen GD, Stapczynski JS, Ma OJ, Cline DM, eds. Emergency Medicine: A Comprehensive Study Guide. 6th ed. New York, NY: McGraw-Hill; 2004:chap 170.Kerr F, Krenzelok EP. Salicylates. In: Shannon MW, Borron SW, Burns MJ, eds. Haddad and Winchesters Clinical Management of Poisoning and Drug Overdose. 4th ed. Philadelphia, PA: Saunders Elsevier; 2007:chap 48.Seger DL, Murray L. Aspirin and Nonsteroidal Agents. In: Marx JA, Hockberger RS, Walls RM, et al., eds. Rosens Emergency Medicine: Concepts and Clinical Practice. 8th ed. Philadelphia, PA: Elsevier Mosby; 2013:chap 149.Review Date:1/20/2014Reviewed By:Jacob L. Heller, MD, MHA, Emergency Medicine, Virginia Mason Medical Center, Seattle, Washington. Also reviewed by David Zieve, MD, MHA, Bethanne Black, and the A.D.A.M. Editorial team.
Are you an innovative student, looking to make a positive contribution and receive some valuable experience in a fast-paced sporting environment?Are you looking for a thrilling step ahead in your career, in what will arguably be ‘Australia’s largest sporting community’?Touch Football Australia (TFA) is seeking suitably qualified applicants for the Touch Football Australia Student Internship Program in our National Office. The TFA Student Internship Program provides paid and unpaid placement opportunities for students undertaking tertiary studies either through University or Vocational Education Institutions. A summary of the 2017 TFA Internship roles is outlined below: TFA has a formal Student Internship Program which outlines detailed information according to appointment processes, successful candidates and organisational/operational expectations. The Candidates will be required to provide a Curriculum Vitae, and complete an Expression of Interest Form addressing the Internship selection criteria and provide via email to firstname.lastname@example.orgApplications close: Friday 2nd December 2016. To view the 2017 position descriptions and the TFA Student Internship Program please click on the following attachments. For enquiries about these exciting opportunities, please contact Tara Steel via email email@example.com or phone (02) 6212 2800.Student Internship FrameworkExpression of Interest Form2017 Internship Program OverviewRelated LinksApply for your internship
Costa Ricans living abroad no longer have to go to a consulate or embassy to register to vote or to update an address for the upcoming presidential elections of 2014.The Supreme Elections Tribunal (TSE) launched a digital registration system on their website this week (www.tse.go.cr), where Ticos interested in voting from abroad can complete a registration form with personal information. TSE officials said the online system is completely safe.Besides basic information, voters must provide a digital photograph, a picture of a personal signature and another of a fingerprint on paper. The online form also will ask for the expiration date of personal IDs, or cédulas.Prior to filling out the form, registrants should read and accept a list of conditions and requirements, including descriptions and dimensions of the pictures (personal, signature and fingerprint). An online chat is available Monday-Friday, from 8 a.m.-4 p.m., for assistance in filling out the form, explained Paola Alvarado, TSE coordinator of the vote abroad program.The website also displays information related to the 2014 elections, such as lists of legislative candidates in each province and detailed information on all presidential candidates. Maps and directions to voting centers can also be found on the website.Records from the Immigration Administration indicate that more than 300,000 Costa Ricans live abroad, but the TSE’s latest report says that only 8,700 of them are currently registered to vote.The deadline to register or to change a voting location is Oct. 2. Facebook Comments No related posts.
Travelport announced it has been awarded a new long-term technology contract by Australia and New Zealand’s top online travel agency, Webjet, following an extensive competitive bid process.Under the agreement, Webjet will participate in initiatives driven by Travelport involving IATA’s New Distribution Capability (NDC) standard. NDC is a travel industry-supported programme launched by IATA that will enable the travel industry to transform the way air products are retailed to corporations, leisure and business travellers. Travelport was the first GDS operator to manage live bookings using the new standard in October 2018.By extending its partnership with Travelport, Webjet will also continue to enjoy real-time access to a broad range of high-quality content from over 400 airlines, hundreds of thousands of hotel properties and 37,000 car rental locations. In addition, it will benefit from Travelport’s cutting-edge search, automation, shopping and booking technologies, while accessing valuable data, business logic and profiling functionality on a single platform.Webjet will soon deploy Travelport Trip Services, allowing it to utilise the industry’s latest APIs to efficiently perform mobile-optimized search across the full range of Travelport content. With faster, lighter and more accurate search responses, Webjet will better fulfil the demands of its ever-connected travellers.Commenting on the partnership, Shelley Beasley, Group Chief Commercial Officer at Webjet said, “We are delighted to extend our agreement with Travelport. The company has been a highly-valued technology partner to Webjet for close to 20 years and we continue to be impressed by the quality, speed and reliability of its solutions as well as its dedication to lead change in the industry, which now extends to IATA NDC.”Stephen Shurrock, Travelport’s Chief Commercial Officer, commented, “Webjet is one of the most advanced and agile online travel agencies with whom we work globally. We are proud of the role Travelport has played in contributing to its success and look forward to extending this with technology initiatives, including NDC, to serve customers better and continue our leadership in online travel provision.”
In This Issue.* Bias to buy dollars emerges. * China prints strong manufacturing index. * Eurozone manufacturing improves. * Back to selling yen.And, Now, Today’s Pfennig For Your Thoughts Newsletter!Bank of Canada Softens Tightening Bias. Good day. And a Tub Thumpin’ Thursday to you! A very long day in the office for me yesterday, and then out to Alex’s wrestling meet, has left me draggin’ the line this morning, but. I don’t feel bad right now, so I’ve got that going for me! One of my fave economists, Nouriel Roubini, is talking on the Bloomberg TV channel from Davos this morning. From what I can make out of what he’s saying, I don’t think he’s a fan of kicking the can down the road. But, he points out. until the markets say no more, the can will continue to be kicked.And let’s see. The Gov’t bailed the markets out in 2008, so. they “owe” the Gov’t one, right? And that’s why I believe the markets, bond vigilantes and so on, are letting the Gov’t go Ollie, Ollie Oxen Free right now.. Hey! That’s just how I see it, doesn’t mean it’s the gospel!So. the currencies and metals once again traded in tight ranges, with slippage in the morning, and a recovery in the afternoon, which made two consecutive days of that pattern. But, we’ve seen a change in the pattern in the overnight markets, with the bias slipping back to buy dollars, and most of the currencies and especially the metals have backed off their levels of the past two days.I would like to think that this is just normal trading, for the euro hasn’t succumbed to the bias to buy dollars so far this morning. But, I’m afraid that we’ve slipped back into that darn Risk On / Risk Off load of bull-dookie that we stepped in over 4 years ago. The reason I say that about the slipping back to Risk On/ Risk Off is that the only thing I can find that points to the bias changing is the earnings report by Apple last night. Apparently Apple reported their weakest earnings growth since 2003, and their weakest sales increase in 14 quarters. Stocks all over the world are seeing problems, and so, in my opinion, we’ve slipped back into the Risk Off fun and games. I hope this is just a one-off relapse, and that this Risk Off trading is quickly exited, for we had seen all the signs that we were back to trading on fundamentals, and not willy nilly sentiment of traders to throw all asset classes into a barrel and trade them.The U.S. dollar SHOULD be getting taken to the woodshed, given the decision yesterday by our leaders in the House of Representatives to suspend enforcement of the U.S. debt limit until May 18. Have we now become Comfortably Numb on the debt limit too? Sure looks like it to me. and therefore the dollar should be getting taken to the woodshed, but it’s not. and that’s what’s going on today.I had to stop and smile when I saw this quote by Axel Weber former Bundesbank President, and now Chairman of UBS. “While European Gov’t’s approach fiscal curbs by looking to pullback, the U.S. runs into its limits by squabbling how to increase them.” Another thing that should be driving nails in the dollar’s coffin are the Fed’s meeting details that get released 5 years after the meeting took place. This is where Bill Fleckenstein got a lot of his information on what former Fed Chairman, Big Al Greenspan, was doing behind the scenes. I’ve mentioned Bill’s book quite a few times in the past, but if you still haven’t picked it up to read it, you should, just so you understand what the Fed is doing to us. You can find it on Amazon, it’s called: Greenspan’s Bubbles: The Age of Ignorance at the Fed by Bill Fleckenstein.You can see in the notes that 5 years ago, the Fed still didn’t see the smoke from the fires in the economy. So. if they didn’t see it then, what makes anyone believe they would see it this time? Any way. The Fed’s FOMC will meet next week, and I’m sure they will tell us that the economy is not out of the woods, and there is still a need for stimulus. Yesterday, Morgan Stanley’s chief, Gorman, basically said that the economy is still in need of stimulus.Of course, long time Pfennig readers know that I’ve said for some time now that the U.S. economy has gotten addicted to stimulus. to break the economy from this addiction is going to be very painful.One of my fave writers, Caroline Baum, wrote a piece titled: “How Fed Learned to Stop Worrying and Love Zero” – This is a great snippet: “Color me skeptical. When I read the 82-word sentence outlining conditions to be met before the Fed would start raising rates, all I could think of was Winton Churchill’s description of the Soviet Union: “a riddle, wrapped in a mystery, inside an enigma.” I doubt the Fed will unwrap it when it meets next week.”Well the two-day respite that Japanese yen was getting ended overnight. I told you yesterday that I didn’t think those that were buying yen because the Bank of Japan (BOJ) was delaying their next round of stimulus were allowing the elevator to go to their top floor. I just put together some notes for one of my presentations next week at the Orlando Money Show, and in doing so, I noticed that Japanese yen has dropped 12% in the past 6-months. I don’t think the losses will stop there. but that’s just my opinion, and I’ve said the same thing about yen for the past year.Hey. HSBC Holdings Plc printed their version of Chinese manufacturing last night. (recall, I’ve explained that there are two manufacturing index prints in China, one by HSBC and the other by the Chinese Gov’t). Usually, the HSBC print is not as lofty, albeit by small numbers, as the Gov’t report. So. when the HSBC version printed and showed a gain in the index from 51.5 to 51.9 for this month, I got a little giddy. This data should have been manna from heaven for the Aussie dollar (A$), but. I think the Apple earnings news was just too much to get past for the risk assets, this morning. The A$ has slipped back below $1.05 this morning, but it’s not from the Chinese data. That’s why I’m thinking that this slippage below $1.05 this morning is an opportunity to buy at a cheaper level. Of course, that’s just my opinion, and I could be wrong.Speaking of manufacturing reports. The Eurozone, continues to show signs of recovery, as their Manufacturing Index for the 17-nation union climbed to 48.2 in January from 47.2 in December. Still below 50, the line in the sand between expansion and contraction, but an improvement nonetheless.The Canadian dollar / loonie slipped below parity after the Bank of Canada (BOC) hung the currency out on a line. The BOC left rates unchanged, as expected. but then surprised the markets by softening their tightening bias. The BOC said that “any change is likely to come further in the future than was previously thought.” Uh-oh! You think the markets were upset with the fact that the BOC never carried through with their bias to tighten? They are really upset by this softening, which they didn’t see coming. And the loonie gets taken to the woodshed. My initial thought was that this was a temporary move, but the more I look at this, a lot of capital was gained on the thought that the BOC was going to raise rates soon. The loonie could be in for an elongated trip to the woodshed. But. still remain relatively strong, folks. What am I talking about?Well. 10 years ago, the loonie was 65-cents. so. even if the loonie slips now to 95-cents, that still relatively strong VS 10 years ago, eh?Then There Was This. You all have heard me talk about China’s hoarding of Gold to use as a backing for their currency when they decide to float the renminbi/ yuan for a couple of years now, so I always enjoy seeing someone else jump on my bandwagon. This time it’s the long-time, well respected money manager – Stephen Leeb. Here are a couple of snippets of a recent interview with Stephen talking about China and their Gold.“I see the Chinese plan in terms of what they want to do, I see their economy turning around, and most important their push into gold.I know KWN published a piece last night which said the World Gold Council is saying that China does plan to back up their yuan with gold. Of course that’s what they are going to do. They clearly want the world’s reserve currency. They yuan is constantly increasing in use in Asian (business) dealings. There is no doubt that’s going to continue to grow. China could (already) have the second largest gold reserves in the world, even ahead of Germany. What is confirmed by everything you can see is they are importing as much (gold) as they can without trying to disturb the price of gold. You won’t believe what’s going to happen (with the price of gold). I’m telling you in 3 years people will not believe the price of gold.” – Stephen LeebChuck again. great stuff. more and more, people are jumping on my China and the gold backing to their currency bandwagon. Come on. there’s more room!To recap. The two-day trading pattern of tight trading ranges for the currencies and metals gave way to a bias to buy dollars overnight. Apple had some weak earnings news, that catapulted the risk assets back into the Risk On/ Risk Off trading arena. China saw a strong manufacturing print, and the Eurozone saw an improving manufacturing index. The Bank of Canada hung the loonie out on a line by softening their tightening bias, and the Japanese yen gets back to losing ground.Currencies today 1/24/13. American Style: A$ $1.0490, kiwi .8410, C$ .9990, euro 1.3335, sterling 1.5825, Swiss $1.0760, . European Style: rand 9.0420, krone 5.5635, SEK 6.5180, forint 221.25, zloty 3.1425, koruna 19.1830, RUB 30.12, yen 89.60, sing 1.2280, HKD 7.7530, INR 53.68, China 6.2197, pesos 12.69, BRL 2.0355, Dollar Index 80.03, Oil $95.51, 10-year 1.81%, Silver $31.85, and Gold. $1,677.50That’s it for today. I was gone last week, when my younger brother, Mike, celebrated a birthday, so Happy belated birthday! Mike was born when I was in High School, so. that means he’s getting old! I received a call from an old high school classmate last night, she informed me that a group of classmates are putting together a 40-year high school reunion. YIKES! Not the dreaded 40-year HSR! It will be this year. UGH! I bet no one will recognize me! I don’t keep in touch with many people from my high school years, and the last reunion we had was 15-years ago. oh well. I hope you have a Tub Thumpin’ Thursday!Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
My children will never let me forget this: while on a Carter-era family vacation to Florida, I pulled into a gas station and abruptly drove off, announcing, “I’ll be damned if I will pay $1/gallon for gasoline.” With each passing mile on I-75, the prices got higher and I became even more frustrated. Finally, I had no choice but to pay the price because the car was running on fumes. Then I watched the kids snicker in the backseat as I pumped the gas. That trip came to mind when one of our loyal subscribers, Terrie N., wrote in asking for a commonsense explanation of inflation. In short, it’s an expansion of the money supply. As our government circulates more money, the value of each dollar goes down. Most of us think that products and services are getting more expensive, but really the buying power of the dollar is dropping. Here’s another way to look at it. If a company is worth $1 million and has issued a million shares of stock, then each share is worth $1. If the company has a two-for-one stock split, the company is still worth $1 million, but each share is now worth $0.50 because there are twice as many shares. After the split, if you sell the stock to buy a new car, the car will cost you twice as many shares. The car did not get more expensive; the value of each share declined. So it is with money.How Much Does It Take to Keep Up? To answer that question, consider the fictional Joe Smith. Joe got his first “real job” in January 1994, so he will soon finish 20 years on the job. His starting salary was $50,000. Today Joe is in his forties and raising a family. Despite receiving promotions and salary increases along the way, he finds himself living from paycheck to paycheck. It is natural to assume that it’s mostly due to the cost of raising a family. However, according to the Bureau of Labor Statistics’ (BLS) inflation calculator, Joe has to earn $78,997.64 today to maintain the buying power he had his first day on the job. Quite often, inflation occurs right under our noses. During periods of high inflation, as you may recall from the Carter years, the toll on one’s savings is painfully obvious. In a recent article, we looked at a hypothetical investor who bought a $100,000, 5-year, 6% CD on January 1, 1977. He was in the 25% tax bracket. At the end of five years, the balance on the account was $124,600. While it sounds like more money, his buying power had actually dropped by 25.9% because of inflation. If, on January 1, 1977, a luxury car cost $25,000, he had enough to buy four of them. Assuming the price of that car rose with inflation, it would have cost $37,500 five years later; he would have had enough for just three with a little gas money left over. I realize no one needs three or four cars, but you get the picture. Inflation feeds the illusion of wealth, but it is just that: an illusion. The key is to maintain and grow your buying power. If your income does not keep up, you are getting poorer by the day.How the World’s Biggest Debtor Benefits Inflation is good if you are a debtor with fixed-interest debt and a rising income. It allows you to pay back your debt with cheaper dollars. For people living on a fixed income, however, inflation is a nightmare. That includes many retirees and working-class folks pushed into part-time jobs. So who benefits the most? As the world’s biggest debtor, the US government has the most to gain from inflating the dollar. During the Carter years, incomes rose and people were pushed into higher tax brackets, but their money bought less and less. Eventually, the public outcry got so bad that Congress indexed tax brackets to the inflation index. Having lost one strategy for silently raising taxes, the next step was to do what all governments do—lie! Both political parties are in on the game; this is not a partisan issue. They work together to rig the official inflation numbers, which keeps Social Security payouts low, tax brackets inaccurately adjusted, and interest on many government debt instruments lower than they should be. In addition, all of the Treasury debt that is outstanding at a fixed rate is much easier to repay. Lying about the true rate of inflation saves the government a lot of money. Some prefer to call it “creative accounting.”A recent article in USA today stated that the 2014 Social Security increase will be one of the lowest in years—likely 1.5%. I called my health insurance carrier to find out what my Medicare supplement premiums will be for 2014. They could not tell me the health premium, but the drug premium is going from $15 to $21 per month. That is a 40% increase. Sad to say, it gets worse. The government is also considering a gimmick called the Chained CPI, which is just another way to fudge the inflation rate. The bottom line is: The government owes us money, and how much it pays is based on an index. At the same time, it is also the scorekeeper. Hey, nobody ever said it was fair!How Can We Manage Inflation? Inflation is personal because we all spend money differently. We can’t control what our government does, so we have to focus on what we can control. Here are some basic steps to take immediately:Acknowledge the difference between needs and wants. Apple recently introduced a new, faster iPad. One article predicted that close to half their sales would be to people who want to own the hottest, newest technology on the market. When you are concerned about retirement, which is better: showing off for a few days or using your old iPad and letting that $500 grow in your retirement account? We don’t have to be misers, but use some common sense.Pay yourself first, and learn to live on the rest. Today, most folks save for retirement wealth through IRAs and/or 401(k)s. Many an accomplished saver will share their secret: The money is deducted directly from their paycheck—or each payday, the first check they write is to savings—and then they live on the rest.Invest in education. It makes little sense to be an accomplished saver if you are a poor investor. Recently I shared some tips on growing your retirement account while you are still working. The sooner you learn to manage your finances, the closer you are to true independence.Maintain perspective. The goal is to build and accumulate wealth each year and stay ahead of inflation. There is some room for speculation in a retirement portfolio; however, low risk and steady growth comes from picking the right vehicles, diversification, and patience. As Benjamin Franklin said, “He that can have patience can have what he will,” but that patience is sometimes hard to come by. Too often people feel the need to catch up, so they take huge risks. Later on, they realize a steady and conservative approach would have worked better.Don’t let the numbers fool you. There was a time when having a million dollars meant you had it made. Today, a million dollars invested in ten-year Treasuries will yield around $25,000 in interest, before taxes. That is a far cry from having it made. You can beat inflation. While the market is a lot tougher than it was a decade ago, those who make the modest time commitment necessary to research and learn can stay ahead of the curve. It is my personal mission to give our subscribers the tools to do just that—efficiently and effectively. That’s why I put together a short video explaining what it means to retire successfully, and how Money Forever can help you get on track. You do not have to go it alone. I urge you to take a few minutes, sit back, and watch this short video on the right side of our page. Click here, turn up the volume, and start your retirement education now.On the Lighter Side Halloween has passed and November is here. Does anyone else wonder what happened to Thanksgiving? Christmas commercials are in full swing, touting the early sales. I say hold off on shopping for now; by mid-December, stores will pay us to take merchandise off their hands. There are a few other important days coming up. November 10 is the Marine Corps’ birthday, and November 11 is Veterans’ Day in the US and Remembrance Day in Canada. One of my early childhood memories is seeing my stepfather, a WWII veteran, march in full uniform in a Veterans’ Day parade. This clip sums up my feelings about my time in the military. Today, the only things that would fit from my uniform are the shoes and the hat. And finally… I received some nice comments about Phyllis Diller last week, so I added a few more quotes below. She was a funny lady. The reason the pro tells you to keep your head down is so you can’t see him laughing. You know you’re old if they have discontinued your blood type. You know you’re old if your walker has an airbag. Best way to get rid of kitchen odors: Eat out. I want my children to have all the things I couldn’t afford. Then I want to move in with them. I laughed out loud at this one: Burt Reynolds once asked me out. I was in his room. Until next week…
• Regular readers know we’ve been warning about the huge buildup in corporate debt for months… Now the mainstream media, which is typically behind the curve, is finally starting to catch on. This is a sign that we’re getting very close to a financial crisis. We encourage you to protect yourself today. Step #1 is to own physical gold. As we often say, gold is real money. It’s preserved wealth for centuries because it’s unlike any other asset on the planet. It’s durable, easy to transport, and easily divisible. Its value doesn’t depend on a growing economy, a healthy financial system, or a responsible government. The price of gold often soars when things fall apart. It’s one of the only assets in the world like this. If you’re worried about the global economy or financial system, the first thing you should do is own gold. We recommend you start by putting 10% to 15% of your money in gold. Once you feel like you own enough gold, you could put some money in silver. Regular readers know silver is also real money. Like gold, it often does well during times of turmoil. We also encourage you to watch this short presentation. It explains why a collapse of the debt market is a threat to your wealth even if you don’t own a single stock or bond. That’s because this could trigger something far worse than anything we saw in 2008 or 2009. As you’ll see, this coming crisis could reach you no matter where you are in the world. That’s why it’s so important you act today. Watch this free video to learn how to protect yourself. Tech Recommendation of the Day: Buy or Sell Facebook? Today, we have something special to share with you. Instead of our usual “Chart of the Day,” you’ll find valuable insight on technology stocks from tech guru Jeff Brown. If you don’t know Jeff, he’s a true tech insider and angel investor. Over the past 25 years, he’s built tech startups and held high-level positions at some of the world’s largest tech companies. On Friday, Jeff explained why longtime tech darling IBM (IBM) is a “dangerous stock.” Today, he gives his take on social media giant Facebook (FB). Keep in mind, the following was taken from a recent interview between Jeff and Amber Lee Mason, who runs our affiliate Bonner & Partners: Amber Lee Mason: So next up we’ve got a name that you hear about all the time. It’s one of the hottest stock stories we’ve seen in the last five years. We’ve got Facebook. Jeff Brown: Facebook, wow. This is a strong buy. It’s an amazing company and one, I think, that has been widely misunderstood by a lot of the market. People know how pervasive Facebook is as an application and a company, but many people don’t understand what Facebook actually owns. Facebook owns a company called Instagram. They’ve also got their messenger platform. Instagram was a company that Facebook acquired back in, I think it was 2012. It only had about 30 million users, and they paid $1 billion for it, and the market thought that Mark Zuckerberg, the CEO, was crazy for doing that. Today, Instagram has over 0.5 billion users and was recently valued at $35 billion alone. So that’s a 35 times return on that $1 billion investment in 2012 in a matter of less than four years. And so, if you add up the amount of time the average user spends on Facebook, Instagram, and its Messenger product on a daily basis, it’s 50 minutes. Fifty minutes, and Facebook has 1 billion-plus users today. They watch more than 100 million hours of video on Facebook a day. And so, again, this is an extraordinary company with extraordinary reach, and it’s been very aggressive on developing its artificial intelligence assistant. It’s called “M.” It’s not widely deployed yet, but you’re going to be hearing a lot about it soon and it will be one of the most functional artificial intelligence assistants available on the market. Another acquisition worth mentioning, that they made, was a company called WhatsApp – which is a very well-known messaging application acquired in 2014 for what again was thought to be an extraordinary amount, $19 billion – and is now thought to be a genius acquisition. That division is forecast to generate about $5 billion a year in revenue by 2020. And on top of everything else, Facebook has been very progressive in the work they’re doing on augmented reality and virtual reality. They had a large acquisition in 2014 of a company called Oculus, and they’re doing a lot of extra work in that space. They have such an incredible platform to launch new products and services from. This is, again, a strong buy. Jeff may be a big fan of Facebook. But he sees even better opportunities in other tech stocks. In his newsletter, Exponential Tech Investor, Jeff tells his readers about little-known technology companies with HUGE upside. Many of these companies are off-limits to the average investor. But, with Jeff’s help, you can invest in these exciting companies long before “the public” gets its opportunity. Right now, you can lock in a subscription to Exponential Tech Investor for $500 off the regular price. You can even “test drive” Jeff’s service for a full 30 days to see if it’s right for you. Click here to take advantage of this offer while you still can. Regards, Justin Spittler Delray Beach, Florida July 25, 2016 We want to hear from you. If you have a question or comment, please send it to firstname.lastname@example.org. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. Bitcoin’s Hot… THIS is Hotter! Special Investment Alert: Bitcoin, the popular digital currency, is up 50% since the start of the year. But there’s something you need to see before you buy this (or any) digital currency. Get the shocking facts here… Recommended Links — Bonds are no longer assets. They’re liabilities. You might find this hard to believe. After all, most folks think of bonds as a safe way to grow their money. For decades, you could make a decent return of 5% or more in government- and investment-grade bonds without risking big losses. Not anymore. These days, most bonds pay next to nothing. Some have negative interest rates, which means owners must pay interest on the bond instead of earning interest. If you own a bond that pays a negative interest rate, you’re guaranteed to lose money if you hold the bond to maturity. And yet, folks are lining up to buy these bonds. Dispatch readers know we’re in this mess because governments have gone mad trying to “stimulate” the economy. Central banks have cut rates more than 650 times since the 2008 financial crisis. Global rates are now at the lowest level in 5,000 years. Low and negative rates have done nothing for the global economy. The U.S., Europe, Japan, and China—the world’s four biggest economies—are all growing at their slowest rates in decades. About the only thing these policies have done is put investors in serious danger. Today, we’ll explain why the global financial system is more fragile than ever…and we’ll show you two proven ways to protect yourself. • You can’t escape negative interest rates… More than $13 trillion worth of government bonds now have negative rates. That’s more than one-third of all government bonds. Keep in mind, negative rates were unheard of until about two years ago. Negative rates are taking over the corporate bond market too. Last week, Bloomberg Business reported that $512 billion worth of corporate bonds now have negative rates. There are now 11 times more corporate bonds with negative yields than there were at the start of the year. There’s no reason to think negative rates will stop spreading. Two weeks ago, German railroad company Deutsche Bahn AG sold 350 million euros worth of five-year bonds with a rate of -0.006%. It became the first non-financial company to issue bonds with a negative yield. • You’re probably wondering who buys this garbage that’s guaranteed to lose money… The answer is giant institutional investors. You see, many pension funds and insurance companies are required by law to own “safe” bonds like those issued by governments and companies in good financial shape. And right now, many of these bonds pay nothing in interest or charge you to own them. This has made it very hard for institutions to meet investment return goals. For example, the average U.S. public pension fund made just 0.4% last year, the lowest average return since 2008. Most public pensions expect to make between 7% and 8% each year. While rock-bottom rates have made life difficult for pension funds and insurance companies, they’ve also allowed companies to gorge on cheap money. • U.S. corporations have borrowed more than $10 trillion in the bond market since 2007… Last year, they issued a record $1.5 trillion in bonds. Corporate America is loading up on debt faster than it did during the dot-com bubble or before the 2008 financial crisis. The same thing is happening around the world. According to Bloomberg Business, the debt-to-earnings ratio for global companies hit a 12-year high in 2015. Soaring corporate leverage led credit rating agency Standard & Poor’s (S&P) to downgrade 863 companies last year. That’s the most downgrades since 2009…when the world was in the middle of a global financial crisis. • There’s no end in sight for this epic borrowing binge… Last week, S&P said it expects global corporate debt to jump from $51 trillion today to $75 trillion by 2020. That’s a staggering 47% jump in four years. This huge surge in corporate debt supposedly won’t be a problem as long as the economy keeps growing, companies pay their lenders, and rates stay low. • Dispatch readers know those are dangerous assumptions… As we said earlier, the global economy is barely growing. And companies are already falling behind on their debts. According to MarketWatch, 100 corporations have already defaulted this year. That’s 50% more defaults than there were at the same time last year. At this rate, we will see more defaults this year than there were in 2009. If this happens, lenders will take huge losses. This could spark a “credit crunch” where banks make fewer loans, cut lines of credit, and charge higher interest rates. In other words, the easy money could dry up. That could lead to even more defaults. In other words, it’s extremely likely that the huge surge in corporate debt will create serious problems. • S&P admits that the global financial system is very fragile… CNBC reported last week: “Central banks remain in thrall to the idea that credit-fueled growth is healthy for the global economy,” S&P said. “In fact, our research highlights that monetary policy easing has thus far contributed to increased financial risk, with the growth of corporate borrowing far outpacing that of the global economy.” S&P says about half of the companies outside the financial sector are “highly leveraged” right now. Longtime Casey readers know companies with too much debt aren’t just a threat to themselves. They’re a threat to the entire global economy. During the last financial crisis, the collapse of a handful of large, highly leveraged banks triggered a chain reaction that brought the entire global financial system to its knees. S&P says we could see a repeat of the 2008 financial crisis if something “unforeseen” happens. CNBC reported: “A worst-case scenario would be a series of major negative surprises sparking a crisis of confidence around the globe,” S&P said in the report. “These unforeseen events could quickly destabilize the market, pushing investors and lenders to exit riskier positions (‘Crexit’ scenario). If mishandled, this could result in credit growth collapsing as it did during the global financial crisis.” – Warning: Read this before the market opens tomorrow… In the past few weeks, Jim Rickards has made THREE bold calls… First… he forecasted the Fed would NOT raise rates in June… Second… he gave the edge to a Brexit vote to “Leave” the EU… Third… he delivered THIS bombshell. Now that the first two forecasts are in the books, Jim is urging you to get the full story on his third major forecast before the market opens tomorrow. Click here to get started.
A decade ago, the U.S. government claimed that ditching paper medical charts for electronic records would make health care better, safer and cheaper. Ten years and $36 billion later, the digital revolution has gone awry, an investigation by Kaiser Health News and Fortune magazine has found. Veteran reporters Fred Schulte of KHN and Erika Fry of Fortune spent months digging into what has happened as a result. (You can read the cover story here.) Here are five takeaways from the investigation. Patient harm: Electronic health records have created a host of risks to patient safety. Alarming reports of deaths, serious injuries and near misses — thousands of them — tied to software glitches, user errors or other system flaws have piled up for years in government and private repositories. Yet no central database exists to compile and study these incidents to improve safety.Signs of fraud: Federal officials say the software can be misused to overcharge, a practice known as “upcoding.” And some doctors and health systems are alleged to have overstated their use of the new technology, a potentially enormous fraud against Medicare and Medicaid likely to take years to unravel. Two software-makers have paid a total of more than $200 million to settle fraud allegations.Gaps in interoperability: Proponents of electronic health records expected a seamless system so patients could share computerized medical histories in a flash with doctors and hospitals anywhere in the United States. That has yet to materialize, largely because officials allowed hundreds of competing firms to sell medical-records software unable to exchange information among one another. Doctor burnout: Many doctors say they spend half their day or more clicking pull-down menus and typing rather than interacting with patients. An emergency room doctor can be saddled with making up to 4,000 mouse clicks per shift. This has fueled concerns about doctor burnout, which a January report by the Harvard T.H. Chan School of Public Health, the Massachusetts Medical Society and two other organizations called a “public health crisis.”Web of secrets: Entrenched policies continue to keep software failures out of public view. Vendors of electronic health records have imposed contractual “gag clauses” that discourage buyers from speaking out about safety issues and disastrous software installations — and some hospitals fight to withhold records from injured patients or their families. Kaiser Health News is an editorially independent news service supported by the nonpartisan Kaiser Family Foundation. KHN is not affiliated with Kaiser Permanente. Copyright 2019 Kaiser Health News. To see more, visit Kaiser Health News.
From #DeleteUber to a sexual harassment lawsuit, Uber is in hot water and the nightmare is not over yet.Uber CEO Travis Kalanick has again found himself at the heart of another scandal — although this time there’s video. A recording released by Bloomberg on Tuesday shows Kalanick in the back of an Uber car, aggressively arguing with his driver, showing a lack of empathy for employees.Related: Before You Delete Your Account, Uber Wants You to Know It’s ‘Deeply Hurting’The six-minute clip starts with Kalanick and two anonymous women talking, laughing and listening to music in the back of the car. When they reach their destination, Kalanick and the driver, whose name is Fawzi Kamal, get into a heated discussion about Uber’s price cuts. Kamal claims he lost $97,000 because of Uber, and the CEO responds rashly: “Some people don’t take responsibility for their own shit. … They blame everything in their life on somebody else. Good luck!”During the altercation, what Kalanick probably didn’t know was that the driver had a dashcam in his car and the entire exchange was fully documented.Related: Next Time You Apologize, Say More Than ‘I’m Sorry.’Shortly after the video became public, Kalanick sent out an email to employees, which was then published as a blog post, “A profound apology.” In it, the CEO says that “ashamed is an extreme understatement” for the way he behaved. He said he realizes he needs to “change as a leader and grow up,” and intends to get help.Here’s the email Kalanick sent to the company:By now I’m sure you’ve seen the video where I treated an Uber driver disrespectfully. To say that I am ashamed is an extreme understatement. My job as your leader is to lead … and that starts with behaving in a way that makes us all proud. That is not what I did, and it cannot be explained away.It’s clear this video is a reflection of me — and the criticism we’ve received is a stark reminder that I must fundamentally change as a leader and grow up. This is the first time I’ve been willing to admit that I need leadership help and I intend to get it.I want to profoundly apologize to Fawzi, as well as the driver and rider community, and to the Uber team.– Travis Uber CEO Travis Kalanick Says He Needs to ‘Grow Up’ After Video of Argument With a Driver Released Add to Queue March 1, 2017 Image credit: Bloomberg | Getty Images Well … it’s about time. Uber Learn how to successfully navigate family business dynamics and build businesses that excel. Rose Leadem 84shares Register Now » 3 min read Free Webinar | July 31: Secrets to Running a Successful Family Business Next Article
April 10, 2017 Twitter Shareholders Will Vote on Turning the Company Into a Cooperative Owned by its Users Twitter On May 22, Twitter shareholders will vote on whether to investigate a radical proposal: Turning the social network into a cooperative owned by its users. There’s a campaign to turn Twitter into a user-owned co-operative, and shareholders will vote on it next month.If the vote passes the company will have to prepare a report on the feasibility of the radical restructuring.It’s symptomatic of dissatisfaction among some shareholders as Twitter struggles to grow or turn a profit.On May 22, Twitter shareholders will vote on whether to investigate a radical proposal: Turning the social network into a cooperative owned by its users.Next month is the company’s annual meeting, and one of the items on the agenda calls for it to look into becoming a cooperative.The proposal — to be voted on by shareholders — asks the company to “prepare a report on the nature and feasibility of selling the platform to its users via a cooperative or similar structure with broad-based ownership and accountability mechanisms.”Twitter is opposed to the plan, and it seems unlikely to win the vote. But it’s an interesting proposal — and underlines the discontent some shareholders feel with the ailing social network, which is struggling to grow or turn a profit.The idea draws on a petition calling for a co-op structure that has been signed by nearly 3,500 people. The petition contrasts the social network’s global reach and influence with the gloomy forecasts about its financial performance, arguing that its conventional structure means its social value isn’t being properly appreciated.”For a lot of us Twitter is the fastest, easiest way to know and share what’s going on around us — it sparks conversations, spreads information and energizes movements,” the petition reads.”But Wall Street thinks the company is a failure because it’s not raking in enough profit for shareholders. That means that Twitter is up for sale, and there is a real risk that the new owner may ruin our beloved platform with a narrow pursuit of profit or political gains.”A co-operative structure could, the proposal on the annual meeting’s agenda says, “result in new and reliable revenue streams, since we, as users, could buy in as co-owners, with a stake in the platform’s success. Without the short-term pressure of the stock markets, we can realize Twitter’s potential value, which the current business model has struggled to do for many years. We could set more transparent accountable rules for handling abuse. We could re-open the platform’s data to spur innovation.”It adds: “Overall, we’d all be invested in Twitter’s success and sustainability. Such a conversion could also ensure a fairer return for the company’s existing investors than other options.”The Twitter proposal cites a number of examples of cooperatives as evidence it could work: “For successful enterprises like the Green Bay Packers, REI and the Associated Press, their popularity, resilience and profitability is a result of their ownership structure. Examples of online companies include successful startups like Managed by Q, which allocates equity to office cleaners, and Stocksys United, a stock-photo platform owned by its photographers.”Twitter’s stock has been on a downwards trajectory for years.Image credit: Markets InsiderTwitter’s governance, unsurprisingly, isn’t a fan of the suggestion. In a statement, it argues “the proposal is not in the best interests of Twitter and our stockholders.” It goes on (emphasis ours):”We believe that preparing a report on the nature and feasibility of selling the ‘platform,’ and doing so only to ‘its users,’ would be a misallocation of resources and a distraction to our board of directors and management — resources and management time that could otherwise be used to build the long-term value of Twitter. The proposal would have Twitter explore the sale of the ‘platform’ to one specific group of people, ‘its users,’ ‘via a cooperative or similar structure.’ The proposal has pinpointed a very specific type of transaction and ownership structure and the board of directors does not believe that the course of action suggested in the proposal would enhance the value of the ‘platform’ or Twitter. Further, limiting exploration of strategic transactions that may enhance stockholder value to one narrow option would not be in accordance with the board of directors’ responsibilities to take actions that are in the best interests of Twitter and its stockholders. We believe Twitter is on track to continue building on the long-term value of Twitter for all of our stockholders as a publicly held corporation and not as a ‘cooperative or similar structure’ owned solely by ‘its users.’ As a publicly traded company, our users are also free to become stockholders of Twitter without any need to change the structure of the company.”That last point is an important one — users can already take ownership in Twitter, if they’re prepared to go to the effort of buying stock.This unanimous opposition from the board means the vote is unlikely to pass. And even then, there’d be no guarantee on what the report into the possibility of becoming a co-op would say, or whether the company would follow through with it.But nonetheless, it’s a fascinating look at an alternative structure for a major tech company. These days there’s a trend towards consolidation of power and voting rights in founders. Thanks to a radical proposal, Mark Zuckerberg is selling much of his stock in Facebook (to fund his philanthropy) while retaining his voting rights. And when Snapchat parent company Snap went public earlier in 2016, it deprived would-be investors of voting power.One relatively rare exception is crowd-funding platform Kickstarter, which is a “public benefit corporation” — a status that requires it to “consider the impact of their decisions on society, not only shareholders.” Enroll Now for $5 Add to Queue Twitter CEO Jack Dorsey. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Image credit: Andrew Burton/Getty Images 5 min read This story originally appeared on Business Insider –shares Rob Price Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Next Article
Image credit: Troll Cakes Register Now » Free Webinar | July 31: Secrets to Running a Successful Family Business Forget glitterbombing. Now, you can send your online nemesis a delicious cake with their nasty words written on it.A company called Troll Cakes, whose tag line is “See something? Cake something,” is on a mission: to teach internet trolls an anonymous and delicious lesson. Just send the company a nasty comment you spotted online with the address of the person who said it. For $35, Troll Cakes will turn those comments into a custom cake and mail it to the offender’s home or work. For $60, they’ll even track the person down for you. Troll Cakes is the brainchild of New York City baker Kat Thek, according to a report from NPR.”When you open it up, [the box] looks like 100 percent good news,” Thek told the news outlet. “And then you see a screen grab of your comment, and it says, ‘Congratulations! Your Internet comment has been made into a Troll Cake.'”They’ve made delightfully colorful cakes decorated with all kinds of not-so-nice messages: everything from “you donkey witch” to “crash on a plane,” “sloppy butt,” “wouldn’t smash” and “ur mom is obese.”The company even has a “bigly satisfying” option that lets you “send a Troll Cake of your preferred Trump tweet to the White House.” The “Tiny Hands Special” will set you back $30. Or, for $35, you can pick any Troll Cake from the company’s website or Instagram, and they’ll recreate it and mail it wherever you like.Made of a “chocolate chip brownie with whipped frosting and assorted colorful sprinkles and icing,” Troll Cakes are perfectly suitable to eat, but not recommended for people with severe food allergies of any kind. They can be shipped anywhere in the U.S.; if your troll is in NYC you can get next-day, in-person delivery. 2 min read June 14, 2017 Internet Angela Moscaritolo –shares Reporter For $35, Troll Cakes will turn your enemy’s nasty internet comment into a custom cake and mail it to their home or work. This story originally appeared on PCMag ‘Troll Cake’ Makes Your Internet Nemesis Eat Their Words Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. Add to Queue
A majority of U.S. consumers plan to go to Amazon.com for most of their online holiday shopping, according to a Reuters/Ipsos poll, even after traditional retailers have collectively spent billions of dollars to try to capture Web demand.The survey of 3,426 adults conducted from November 12 to 18 found that 51 percent plan to do most of their online shopping at Amazon this holiday season, compared to 16 percent at Walmart, 3 percent at Target and 2 percent at Macy’s.A little more than a quarter of respondents said they would use another retailer not listed in the poll.The poll underscored the hurdles that traditional retailers faced in expanding online. Their own sales data this week showed that such efforts were falling short.Target Corp said on Wednesday its digital sales grew 20 percent in the latest quarter, missing its expectations for a 30 percent gain. The discount retailer cited weakness in electronics demand.A day earlier, Wal-Mart Stores Inc reported quarterly online sales growth of 10 percent, slower than its target growth in the mid-to-high-teens this fiscal year. Wal-Mart pointed to sluggish market conditions in China, Britain and Brazil, and said it fared better in the United States.In contrast, Amazon.com Inc had posted a 28 percent jump in North American sales in its quarterly report last month.”The Big Kahuna that continues to grab market share is Amazon,” said Craig Johnson, head of retail consultancy Customer Growth Partners. “Both Wal-Mart and to some extent Target have simply not kept pace enough.”Johnson added that sluggish spending overall contributed to the weaker-than-expected online sales at Target and Wal-Mart, which also faced increased competition from other online retailers, such as Wayfair Inc.According to the Reuters/Ipsos poll, 8 percent of adults said they plan to shop only online this year, compared to 6 percent a year earlier. The proportion of respondents who said they would shop mostly online remained steady at 17 percent.All major retailers are investing in e-commerce.Target said it has kept up the pace of investment in initiatives needed to grow its online business. In March, the retailer said it will invest $1 billion in improving its online sales technology and supply chain.Wal-Mart is spending about $1 billion a year to bolster its e-commerce infrastructure. In the third quarter, it opened its fifth fulfillment center dedicated to online sales – establishing a network from which it said it could deliver to customers across the United States in two days.For many shoppers, Amazon has become synonymous with online shopping. It gained tens of millions of members to its Prime service by offering access to movies, music and other services in addition to free shipping in return for an annual fee.Amazon can also focus on online sales because it does not have to worry about getting customers into physical stores, said Kerry Rice, an analyst at Needham & Co.”They drive you to that site in many, many ways,” Rice said of Amazon. “It’s not about driving foot traffic to retail stores.”The Reuters poll had a credibility interval, a measure of precision, of plus or minus 1.9 percentage points.(Additional reporting by Nandita Bose; Editing by Peter Henderson and Tiffany Wu) Poll: Amazon Is Still King of the Online Retail Jungle Learn how to successfully navigate family business dynamics and build businesses that excel. Reuters Next Article Amazon November 19, 2015 Add to Queue Register Now » Image credit: Reuters | Michaela Rehle Free Webinar | July 31: Secrets to Running a Successful Family Business This story originally appeared on Reuters –shares 3 min read
2 min read Add to Queue Microsoft Apologizes for Scantily-Clad Dancers at GDC Party March 21, 2016 Image credit: Microsoft | Facebook This story originally appeared on Reuters –shares Microsoft Reuters Next Article Microsoft Corp. apologized for hiring dancers dressed as skimpily-clad schoolgirls for its Game Developer Conference (GDC) afterparty in San Francisco on Thursday night, responding to media reports citing attendees’ pictures on Twitter and Instagram.”It has come to my attention that at Xbox-hosted events at GDC this past week, we represented Xbox and Microsoft in a way that was absolutely not consistent or aligned to our values,” Microsoft’s head of Xbox Phil Spencer said in a statement. “That was unequivocally wrong and will not be tolerated,” Spencer said.Photos purportedly from the party surfaced on Twitter and Instagram, with many users expressing their anger at Microsoft’s actions.”I like dancing, I like talking to devs. But not at this #GDC16 party. Thanks for pushing me out of this party, Microsoft,” Tin Man Games editor Kamina Vincent tweeted.Microsoft had hosted a “Women in Gaming” luncheon at the GDC earlier that day. Spencer added that the matter would be dealt with internally.Technology companies been facing intense scrutiny over diversity and compensation equity issues.Many big firms say there is a dearth of qualified women to hire, but many critics say the firms are not doing enough to attract and retain women.(Reporting by Anya George Tharakan in Bengaluru; Editing by Shounak Dasgupta) Free Webinar | July 31: Secrets to Running a Successful Family Business Learn how to successfully navigate family business dynamics and build businesses that excel. Register Now »
–shares Voting Is A Right, Exercise It Wisely Phil La Duke Iconoclast Next Article Add to Queue Presidential Elections August 12, 2016 If you are active on a social media site, watch television, listen to the radio or … well, if you’ve been conscious for the last two months, you have been bombarded by information about the presidential election. In fact, you’ve likely received so much information that you may be burnt out and ready to check out.As we enter this election year, let’s not lose sight of the fact that the president while powerful is only one piece, and a relatively small piece, of our government. The people we send to congress wield far more power to influence our day-to-day lives than the president does.We face an historic election, and unfortunately for the entire world, far too many of us are forming our political views and support of candidates by what we’ve read on Facebook, or heard from a friend. First, let’s talk about what the president can do.Related: 4 Ways Technology Has Impacted Presidential ElectionsThe executive branch.The president can: Appoint supreme court justices and federal judges. Presidential appointments are important because many of them are appointed for life and the decisions they make, especially in the case of the U.S. Supreme Court, have implications for decades.Appoint the cabinet. From the attorney general to the secretary of state, the president has the power to appoint these very important and influential people.Veto or sign bills. Congress writes the bills and when enough of them vote in favor of a bill, it is eventually sent to the president for either his signature (which then enacts the bill into law) or his veto, in which case it goes back to congress, where a two-thirds majority is needed to override the veto and enact the bill into law without him.The point being much of the president’s power is indirect, and without a cooperative congress there isn’t much a president can do that will change much for you and me.The legislative branch.Congress on the other hand has great power to change our lives, and far too little attention is focused on congressional elections, both at the federal and state levels.Related: Millionaires Are Now the Majority Party in CongressSo whether you are a liberal or a conservative this election season, participate in the voting process.A right, a privilege and a duty, all in one.Consider that African Americans and women were not allowed to vote when the United States became a country. People fought and died for the right for African Americans and women to vote, and if you are a member of either of these groups, it is an insult and affront to those who fought, suffered and died to gain this right, if you decide not to exercise it.Do your homework. Don’t vote for someone about whom you know nothing. Research the candidates and ballot initiatives before you make up your mind.Remember, your vote matters. Many believe that their votes don’t matter; they’re wrong. Recent elections have been very close; every vote counts. Even if your candidate loses, your vote still matters: a candidate who wins by a landslide feels emboldened to do whatever he or she pleases, while one who squeaks by with a narrow margin is less likely to be as confident of the public’s support.Don’t be a single issue voter. Lobbyists spend millions trying to convince you that a single issue is a good reason to vote for a particular candidate, while the truth is that your elected official is likely to decide hundreds, perhaps thousands, of things that will affect your life. So it is wise and prudent to avoid electing an official based on a single issue, no matter how important that issue is to you.Related: How Much Money Does It Take to Win an Election? (Infographic) Opinions expressed by Entrepreneur contributors are their own. 4 min read Image credit: Joseph Sohm / Shutterstock Contributor 2019 Entrepreneur 360 List The only list that measures privately-held company performance across multiple dimensions—not just revenue. Apply Now »
TechBytes with Gregory Raiz, Chief Innovation Officer, Rightpoint Sudipto GhoshApril 29, 2019, 2:30 pmApril 29, 2019 Rightpoint is an independent customer experience agency with technology at our core. We create transformative digital experiences driven by insight, design, technology, and mobile innovation and emerging technologies via Raizlabs, to help organizations succeed at the speed of innovation. Rightpoint serves more than 250 Fortune 1,000 companies and has been named one of Crain’s 50 Fastest Growing Companies in Chicago for four consecutive years. Rightpoint is the largest independent agency with 450 employees across 10 offices. Gregory Raiz graduated from Tufts University and got his start as a Program Manager at Microsoft on Windows XP. In 2003, Greg founded Raizlabs with a vision to improve lives through design and technology. Raizlabs hit its stride in 2007 with the launch of Apple’s iPhone. Since then it’s been an Inc 5000 fastest growing company for four years in a row and has launched hundreds of apps including many that have topped the App Store charts for their innovation and design. The products Raizlabs produces have utilized cutting-edge technologies and platforms starting with mobile but extending to Voice, IoT, AI, VR, and more.Beyond helping start Raizlabs, AltConf, and DrinksOnTap, Greg actively speaks at events and conferences on entrepreneurship, innovation and new technology. Greg most recently joined Rightpoint’s Leadership Team as Chief Innovation Officer through the acquisition of Raizlabs. Greg is based in Boston and will continue building the culture of innovation throughout Rightpoint, and working with clients to help them digitally transform their businesses using design and innovation thinking. About GregoryAbout RightpointAbout Gregory About Rightpoint Tell us about your interaction with new-age technologies such as AI, Machine Learning and Mobile Applications.We’ve been working with new technologies for a number of years. We’ve been exploring new tech capabilities building things that use AR/VR, Machine Learning and a wide range of mobile applications.How did you start in this space? What galvanized you to start at Rightpoint?I started my own agency after leaving Microsoft back in 2001. I wanted to improve lives through technology and design and I saw a huge opportunity in mobile and emerging technology. The agency I started grew to over 80 folks and we were acquired by Rightpoint about a year and a half ago. Our depth in new technology and innovation was a great match for the marketing, content and IT technologies that Rightpoint had done. We’re now bringing these worlds together and looking to push the state-of-the-art across our offerings.What is Rightpoint and how does it leverage technology in its Marketing, Sales and Customer Service? Rightpoint is a customer experience agency with technology at the center of our organization. We’re an experience agency in that we’re always thinking about how people use the products and websites we build and we do that with depth in technical expertise. We believe that some of the best solutions are a mix of art and technology and that’s how we think about our business. We work with organizations across their customer journey from marketing to product to customer services.Tell us more about your recent enhancements to established healthcare practice.We’ve been developing software for hospitals, doctors, and pharma companies for a number of years. We wanted to tie this together and have a well thought out approach and perspective on healthcare and how we can improve patient experiences. This has resulted in a concerted effort across our agency to align our capabilities around healthcare. Our agency also gained a key quality certification around medical software and devices, giving us a unique perspective on building software in this space.Who are your customers and how do they leverage your products/services? We work with companies that want a customer experience edge from their products, websites or apps. They tend to be established brands and companies but also include many mid-market innovators. We’re typically working with VPs of product and heads of technology as well as marketing executives.What is the biggest challenge to digital transformation in the market you cater to? How does Rightpoint contribute to a successful digital transformation?The biggest challenge to digital transformation is typically not technology but getting organizational velocity. Getting companies working in an agile way to innovate and deliver new products and solutions is the biggest challenge to driving digital transformations. Many organizations want to change but have trouble taking the first step. When we get companies moving in the right direction it tends to be a snowball picking up speed.Where do you see AI-enabled car journeys and other smart technologies heading beyond 2020?AI-enabled cars are a great example of technology changing right before our eyes while also taking a decade. You can see the future of 2020 today by observing the beginnings of technology as it picks up speed. The beginnings of these new trends are out there today and improving day over day… from EV’s to audio applications to the advances of self-driving cars, innovation is largely happening out in the open. Tesla is moving the state-of-the-art of cars, Apple is putting health data right on your wrist, Amazon is enabling new breeds of voice and Google is enabling AI across a spectrum of things that we search for.What is your opinion on “Weaponization of AI and Machine Learning”? How do you promote your ideas in the digital economy?Software hasn’t changed that much and weaponized AI is just the new way to say ‘malicious software’. It’s important that applications of any new technology consider the use, application and potential ethical concerns of doing so. AI, just like any other software, can be used to get computers to do certain things. We’re not talking about HAL2001 or The Terminator, rather, software programs that can categorize, identify or filter information in a way that was previously difficult. As a society, we need to understand what these technologies can do and provide the appropriate security to keep things running smoothly.It is equally important for us to consider how we can inadvertently train AI’s to have discriminatory biases. Recently, some facial recognition apps were identified that were only good at detecting predominantly white faces. As we think about AI, it’s important that we’re using training data that represents a broad and inclusive user-base.What digital technology start-ups and labs are you keenly following?I tend to follow a lot of interesting people, rather than particular technologies. Twitter is a great tool for learning about things outside your typical bubble. So, I try to follow folks from a number of industries. I’m particularly interested in AI, Robotics, VR, Healthcare, and Blockchain recently but it does change from month to month.What technologies within your industry are you interested in?I’m particularly excited about what’s happening with augmented reality and how it’s being applied to mobile apps, healthcare, and other industries.As a tech leader, which industries do you think would be the fastest to adopt AI in car-making with smooth efficiency? What are the new emerging markets for these technology markets?I think there is huge potential for AI in autonomous cars in trucking and agriculture. These two industries could see vast adoption of these types of technologies to enable smoother operations and efficiencies.What’s your smartest work-related shortcut or productivity hack?If you want to be productive for the day, it’s just two things. Don’t open email. Don’t schedule so many meetings. When you control your day and do what you need to get done you’ll be 10x more productive. If you live by your inbox or by your calendar you’ll be pulled in a million directions.Tag the one person in the industry whose answers to these questions you would love to read.Would love to hear thoughts from Benedict Evans. adtechAugmented RealityFace TrackingGregory RaizMarketing TechnologymobileOpenLoopRightpointSpotifyTouch & GestureVideo Previous ArticleData Integrity: A Marketer’s Opportunity TodayNext ArticleMarTech Interview with Jeremy Korst, President, GBH Insights
Treatment strategiesIt is difficult to treat this cancer because of its location. One technique is called transurethral resection. A cutting instrument is passed through the urethra, the tube that takes urine out of the body, to remove all the visible part of the cancer. However, this has been associated with recurrence in 50% to 70% of patients. Moreover, 10% to 20% of patients develop progressive cancer over the next 2-5 years.A second treatment strategy is to stimulate the immune response to the tumor using a live bacterium called Bacille Calmette-Guerin, or BCG, which has already been widely used to confer childhood immunity to tuberculosis. However, it is ineffective in one out of three bladder cancers, while another third of patients experience severe adverse effects following its use.How CVA21 acts on bladder cancersRelated StoriesHow cell-free DNA can be targeted to prevent spread of tumorsBacteria in the birth canal linked to lower risk of ovarian cancerSugary drinks linked to cancer finds studyTypical bladder cancers lack immune cells, and are ‘cold’ with respect to the immune system. CVA21 acts by infecting cancer cells and then undergoing replication. It then bursts open the cell so that the new virus particles can escape.During this process, the coxsackie virus also activates various genes concerned with inflammation and immunity, making the tumor immunologically ‘hot’. Such tumors are less likely to grow significantly before they are eliminated by the immune system.In treated patients, the shed virus was detected in urine tested on alternate days. This proves that the virus continues to infect new cancer cells within the bladder once it has killed the cells first infected.In the current study, CVA21 was run into the bladder of 15 patients, one week before they were to have their tumors removed surgically. Of the 15, six received only the virus, while the next nine patients also got a dose of mitomycin C. This is a known chemotherapy drug, but its dosage was reduced to subtherapeutic levels. Its administration was intended to increase the expression of the molecule ICAM-1 on the surface of the cancer cells. This molecule attracts and binds the CVA21 virus and thus enhances its oncolytic activity.After the surgery, tissue biopsy samples showed that the CVA21 virus selectively attacked only the cancer cells in the bladder, while sparing all normal cells. In all cases the tumor showed bleeding and inflammation, indicating that it was being attacked by the virus.In one of the 15 patients, the tumor disappeared completely and was not found during surgery. There were no significant adverse effects or toxicities reported in any patient.The benefits of CVA21 for NIMBC immunotherapy thus include a good safety profile, selective targeting of bladder cancer cells by the virus, viral replication within the tumor cells with resulting tumor cell death, and virally-mediated tumor inflammation to induce immune attack of the tumor, all leading to its destruction.Researcher Hardev Pandha explains the motivation for the current work: “Non-muscle invasive bladder cancer requires an intrusive and often lengthy treatment plan. Current treatment is ineffective and toxic in a proportion of patients and there is an urgent need for new therapies. [With coxsackievirus] reduction of tumor burden and increased cancer cell death was observed in all patients, showing its potential effectiveness.” Journal reference:Viral targeting of non-muscle invasive bladder cancer and priming of anti-tumour immunity following intravesical Coxsackievirus A21, Nicola E Annels, David Mansfield, Mehreen Arif, Carmen Ballesteros-Merino, Guy R Simpson, Mick Denyer, Sarbjinder S Sandhu, Alan Melcher, Kevin J Harrington, BronwYn Davies, Gough Au, Mark Grose, Izhar N Bagwan, Bernard A. Fox, Richard G Vile, Hugh Mostafid, Darren Shafren and Hardev Pandha, Clin Cancer Res July 4 2019 DOI: 10.1158/1078-0432.CCR-18-4022, http://clincancerres.aacrjournals.org/content/early/2019/06/29/1078-0432.CCR-18-4022 By Dr. Liji Thomas, MDJul 8 2019Scientists in the UK have found a new way to treat bladder cancer, using a strain of one of the viruses that cause the common cold. The virus is called Coxsackie virus CVA21, and it was found to be oncolytic, or tumor-destroying. This new research demonstrated virus-mediated destruction of the tumor in all treated patients, and in one of them, the tumor disappeared completely. Bladder cancer, CT – Illustration Credit: Semnic / Shutterstock Investigator Nicola Annels of the University of Surrey points out that while viruses are typically thought of in a negative sense, they can be used to enhance health and bring healing in the case of cancer cells. She says: “Oncolytic viruses such as the coxsackievirus could transform the way we treat cancer and could signal a move away from more established treatments such as chemotherapy.”In this study titled, “Viral targeting of non-muscle invasive bladder cancer and priming of anti-tumour immunity following intravesical Coxsackievirus A21”, CVA21 was used to treat 15 patients who had bladder cancer that had not yet spread into the muscular wall of the bladder. This is called non-muscle invasive bladder cancer (NMIBC) and is found in one out of every 10 cancer patients in the UK. About 10,000 people are found to have the disease each year.