Intruder beats up headmaster for making students clean school

first_imgThe headmaster of a primary school in Odisha’s Ganjam district was attacked and injured by an intruder on Tuesday during a cleaning exercise on the premises.The headmaster, Purna Chandra Das, was admitted to MKCG Medical College and Hospital in Berhampur. The incident happened at Gangadhar Primary School in Kavisuryanagar. The intruder, a youth in early 20s, was angry as the headmaster had engaged the school students in cleaning their classrooms, said sources. It is to be noted that Gangadhar Primary School has been adjudged the best school for cleanliness in Kavisuryanagar Notified Area Council. The headmaster, according to the sources, had asked two Class V students to clean their classroom. The accused saw this from outside and entered the campus to record it on his cell phone. He protested against students being used for cleaning work and entered into an altercation with the headmaster. He hit Mr. Das’s head with a boulder, injuring him seriously, the sources added. The headmaster has lodged a complaint at Kavisuryanagar police station but the culprit is yet to be arrested.Ganjam District Education Officer Sanatan Panda condemned the violent act and said that if the youth had any complaints he could have conveyed them to the authorities instead of taking the law into his own hands.“Under the ‘Swachh Vidyalaya’ drive going on in the district, students and teachers together clean their school campuses.last_img read more

ISL: Injury-time penalty goal hands Bengaluru FC second straight defeat at fortress

first_imgTrindade Goncalves converted a late penalty as Jamshedpur FC subjected Bengaluru FC to their second consecutive loss at home after the visitors managed a 1-0 victory at the Sree Kanteevara Stadium in Bengaluru on Thursday.Goncalves kept his cool to find the net off an injury time penalty as Jamshedpur won full points for only the second time in the league.On the other hand, Bengaluru were keen to get back to winning ways after their defeat against Chennaiyin FC in the last game. With the Bengaluru crowd and the West Block Blues backing them, they began well as always but Jamshedpur took the cake in the end. Jamshedpur now have nine points from six matches, the same as FC Pune City and are placed sixth in the league table.The defeat was Bengaluru’s third in seven matches but despite the loss, Sunil Chhetri-led club are placed second in the league table behind FC Goa with 12 points. However, Goa have two games in hand and have a huge opportunity to open up a good point gap.Bengaluru FC were keen to get back to winning ways after their defeat against Chennaiyin FC in the previous game. With the crowd backing them, they started well but, just like the previous clash, Jamshedpur FC had the last laugh with a dramatic winner in the 90th minute of play.The fierce battle seemed destined for a draw after both teams went close in either half but took a dramatic turn in the final minute of play. Substitute Sameehg Doutie made his trademark run towards the goal with the ball ahead of him and was tripped from behind by Rahul Bheke. The referee promptly awarded a penalty in the final minute which Trindade converted by showing nerves of steel.advertisementIt was a dramatic end to a match which could have gone either way in the 90 minutes of play.Jamshedpur, for instance, went close twice in quick succession in the 54th and 61st minutes. At first, Kervens Belfort had a golden opportunity to give his team the lead but goalkeeper Gurpreet Singh made a super save when his outstretched legs kept the close-range attempt away.Seven minutes later, Belfort played a delightful through ball for Jerry Mawhmingthanga, leaving the Bengaluru defence in tatters, but Jerry’s effort missed the target by a whisker.Bengaluru, too, came agonisingly close to securing the opening goal with 19 shots on goal. Captain Sunil Chhetri had the best chance in the 77th minute when he found himself with just the goalkeeper to beat. But the striker hit straight into the onrushing goalkeeper Subrata Paul, much to the disappointment of the home crowd.last_img read more

Three High Schools to Get Rid of Shift System

first_img Cedar Grove High School, St. Catherine will open in September Holy Trinity High, in Kingston; Glengoffe High, St. Catherine; and Anchovy High, St. James removed from shift system Over time, more schools will be removed from the system Story Highlights During the new school year, students attending three of the nation’s high schools will no longer have to contend with the shift system, as the institutions will be removed from that fixture.The schools are: Holy Trinity High, in Kingston; Glengoffe High, St. Catherine; and Anchovy High, St. James.This was announced by Minister of Education, Hon. Rev. Ronald Thwaites, during a back-to-school press conference at the Office of the Prime Minister in Kingston, on August 23.He indicated that over time, more schools will be removed from the system being used by institutions to accommodate the large number of students.In the meantime, the Education Minister said expansion works at the Holy Trinity High will be completed during the first term of the school year.For Glengoffe High School, Mr. Thwaites said a new classroom block has been added, which will facilitate its removal from the shift system. He thanked the Government of Japan for funding the project.The Minister also informed that the Montpelier Complex in St. James will be renovated to facilitate the expansion of Anchovy High School in January 2014.Turning to other school plants which are being upgraded, Rev. Thwaites said the Cedar Grove High School, St. Catherine will open in September, starting with 100 grade seven.“A portion of the building has been finished for us to start. When the plant is completed in November, it will have a capacity of 1,200 students and will include a sixth form, which is very much needed in the Portmore vicinity,” he said.He informed that the Belair High School in Manchester is now a grant aided school and will, in September, accommodate an additional 105 students at grade seven, and an expanded sixth form.The Minister also noted that repairs and expansion at the Garvey Maceo High School in Clarendon will be ready for occupancy at the start of the new school year.In the meantime, he said 63 basic schools will be absorbed into 50 infant departments in primary schools, with others to follow later during the school year.Rev. Thwaites also noted that the Ministry is on track to convert 66 pit latrines to water closets by December 2013.The 2013/14 academic school year is slated to begin on September 2.last_img read more

Khloe Kardashian Helps Launch Live Chin Up Campaign

first_imgEarlier this month, Allergan plc, a leading global pharmaceutical company, kicked off their Live Chin Up campaign at an exclusive event at the Frank Gehry-designed IAC Building in New York City, hosted by television personality and New York Times best-selling author Khloe Kardashian.The Live Chin Up campaign is designed to help encourage people to not let the things that bother them get in their way.At the event, Kardashian moderated a distinguished panel of experts which included a dermatologist who discussed submental fullness and treatment options, including KYBELLA (deoxycholic acid) injection 10mg/mL. Additionally, a patient joined the panel to discuss her experience living with submental fullness.“We are very pleased that Khloé was able to serve as the host of our event and discuss how she lives chin up,” said Philippe Schaison, EVP and President Allergan Medical. “As someone who lives life in the public eye, Khloé embodies what it means to live chin up by refusing to let negativity stand in her way. We feel she is the perfect person to kick off this inspiring campaign.”Anyone interested in learning more about this campaign or how they can live chin up can visit www.livechinup.com.last_img read more

Statkeepers Call the Shots But They Cant Agree on Them

In the third minute of added extra time in Tuesday’s Belgium-U.S. World Cup match, Belgium’s Kevin De Bruyne took a pass in the box, dribbled to his right and hooked the ball into the left side of the net. Finally, after 31 shots, the Belgians had broken through. Or … wait. Was it 32 shots?It depends on which Twitter account you follow. ESPN’s Stats & Information Group tweeted that Belgium had scored on its 31st shot of the day. OptaJoe, the U.K. Twitter account of the soccer stats company Opta, said it was the 32nd.At the World Cup, shots are in the eye of the beholder. At least three major soccer stats companies are logging every match, and they have yet to all agree on each team’s number of shots and shots on goal. For every one of the 58 games so far, the companies can’t quite get their stories straight. Sometimes their counts have differed by as much as two or three.Even small discrepancies like these have repercussions beyond mere trivia. Advanced analyses of the sport, such as my colleague Benjamin Morris’s magnum opus on Lionel Messi this week, rely on match loggers for shot counts and characteristics. Some teams base tactics and personnel decisions partly on stats. And the disputes are proxy battles for soccer’s more philosophical debates: If a shot is deflected in a forest of defenders, was it on target?According to World Cup organizer FIFA, it was; but according to Opta and Prozone, two of the companies that employ analysts to log every match of the tournament and provide data for media coverage, it wasn’t. That disagreement is responsible for the bulk of the numbers mismatch. Through the round of 16, FIFA’s official match stats — which are being collected by the Italian company Deltatre — included 68 percent more shots on target than Prozone’s, and 74 percent more than Opta’s.1I used Opta data compiled by TruMedia Networks, which provides stats for ESPN. Prozone emailed me their match reports and other data, which — along with match statistics posted on FIFA.com — allowed me to compile shots and shots on goal for every match so far during the World Cup. Remove blocked shots, though, and the discrepancies drop to 4 percent and 8 percent, respectively.And what about a ball crossed in the box near the goalie — does it count as a shot or a cross? In the 120th minute of the Belgium-U.S. match, DeAndre Yedlin kicked the ball well wide of goal as the U.S. hunted desperately for an equalizer. Was he trying to score, or just to cross the ball? FIFA thinks the latter, but Opta thinks the former. Short of interviewing every player immediately after every subjective touch, the statkeepers are left to guess at the intent, divining purpose in actions that may have been performed instinctively, rather than with premeditation.With 58 of the tournament’s 64 matches in the books through Friday, there have been 116 opportunities to compare the three data providers on a team’s shooting profile in a match. There have been just 14 times, or fewer than one out of eight, that all three organizations counted the same number of shots and shots on goal for a team in a match — and none for both teams in the same match.The counts appear to reflect genuine disagreement over tricky cases — touches that look like passes to some but shots to others, say. Or, a shot that hits the post or crossbar and goes out. Typically these don’t qualify as shots on target, but they can if they are deflected onto the woodwork by the goalkeeper, who then gets credit for a save. If they are blocked onto the woodwork by a player other than the goalkeeper, that’s a block. The stats, then, pivot on an arbitrary criterion: Was the player who deflected the ball a goalkeeper or did he happen to play another position?My analysis showed that, overall, the companies weren’t consistently stingy or generous in their statkeeping. No provider consistently tallied many more shots or shots on goals than another. The major philosophical divide was over (unblocked) shots on goal: Deltatre sees more than Prozone, which sees more than Opta. But that amounted to only about one additional shot on target counted in every three matches.The disputes have touched every team, to similar degrees, but teams with less active offenses tend to have higher differences among statkeepers because one uncounted shot matters more in their overall percentages. These include the U.S., England and Cameroon. Analysts attempting to study whether Cameroon threw its matches, as Der Spiegel has reported, might get subtly different results depending on which set of stats they consult. So might England manager Roy Hodgson and U.S. manager Jurgen Klinsmann as they assess how to improve their teams.Discrepancies between data providers don’t stop at shot counts. Most soccer events are subjective. Someone must decide, was that a tackle? Was that shot weak? Was that attack a dangerous one? Possession stats also differ by provider, as Slate noted last week.Shooting stats have particular relevance for one form of analysis that tries to divine a team’s true skill by gauging whether or not they’re getting lucky. It’s a technique that’s based on the theory that generating chances is the part that teams can control — converting them is based more on luck (unless you’re named Lionel Messi). Teams that convert and save a high percentage of their chances are due for a regression in their results. Change the underlying data, and any conclusions about which teams are good and which are just lucky could shift.When I spoke with Garth Lagerwey, general manager of Major League Soccer’s Real Salt Lake, in a telephone interview last week, he said data discrepancies are a prevalent problem in soccer stats at all levels, not just a World Cup anomaly. When I contacted the companies, they declined to comment or didn’t respond to a question about why their numbers differ. In other contexts, they tout the training they provide to match analysts; the consistent guidelines they enforce across analysts, competitions and time; and the oversight of experienced checkers. Some shots just might not look like shots to everyone.Other sports’ stats also require subjective judgment: errors in baseball; assists in basketball. But in baseball and basketball, the official scorer’s decision is what goes into the record book and, generally, what fuels advanced statistical analysis. In soccer, with different leagues and competitions worldwide at varying levels of stats sophistication, third parties with standardized methods report alternative numbers to the official ones. Opta and Prozone are scoring every match alongside the official scorers and releasing their numbers in real time to media organizations — hence the potential for conflicting tweets like those about Tuesday’s Belgium-U.S. match.2ESPN Stats & Info typically uses FIFA for shot counts, and Opta stats — via TruMedia — for everything else.“Shots should not be that subjective, let alone shots on goal,” Lagerwey said. On the other hand, “A lot of companies use human beings to code this stuff. It’s easy to understand how you’re going to have an error rate.” read more

Telehealth consultations prove useful to patients

first_imgAfter months of spiking blood-sugar levels and draining energy, Olga Veter-Eluska is finally figuring out diabetes.She keeps a journal of everything she eats and her blood-sugar levels throughout the day. She’s realized fresh vegetable juice curbs her snack cravings and keeps her from “eating everything in sight.” Those efforts mean lower and more-stable blood-sugar levels.Veter-Eluska said her newfound understanding is thanks to her diabetes educator, Juleeanna Andreoni.The pair have met several times for one-on-one counseling sessions but they’ve never spoken in person. That’s because Veter-Eluska and Andreoni hold their educational sessions while sitting in medical facilities more than 20 miles apart — Veter-Eluska a few miles from her Vancouver home, Andreoni from her office at Providence St. Vincent Medical Center in Portland.Veter-Eluska, 69, is one of more than 80 Clark County residents who have used Providence’s new diabetes telehealth program.The program connects Clark County residents who use Providence’s Camas, Battle Ground and Vancouver clinics with certified diabetes educators at the Portland hospital. Rather than driving to Portland, patients go to the Providence clinic on Mill Plain Boulevard and use a computer in a private room for a one-on-one video chat with an educator.“There’s no reason why people should need to drive in to hospitals,” said Kathy Schwab, diabetes manager for Providence’s Oregon region. “This is the future of where health care is going.”The program is still in the pilot phase, but its early success means it will continue — and expand to other clinics in the region — once the pilot ends in August, Schwab said.last_img read more

Tamil Nadu retailers stop stocking CocaCola and Pepsi from today will promote

first_imgRetailers in Tamil Nadu on March 1 began boycotting global cola giants Pepsi and Coca-Cola, along with all their other soft-drink products, citing reasons pertaining to health and the environment. Instead, they will now retail local alternatives — a move that is bound to promote home-grown businesses and products, especially with the temperatures starting to soar and summer just around the corner.Also read: Tamil Nadu Vanigar Sangam backtracks on Coke-Pepsi ban, says only appealing to shops to not sell soft drinksRoots in Jallikattu protestTamil Nadu Vanigar Sangangalin Peramaippu (TNVSP) president AM Vikrama Raja has told IANS: “After the Jallikattu movement, we found many youths are not in favour of the two cola brands.” While he failed to provide a rationale that connects the two, keen-eyed observers will see the link to be a kind of nationalism that abhors foreign products.In case of Jallikattu, a big argument against its ban was that organisations like the Indian wing of the People for the Ethical Treatment of Animals (PETA) was supporting it because it was funded by foreign entities. These entities reportedly wanted to introduce other breeds of cattle in India and make a killing, and banning Jallikattu would weaken the native breeds.Concerns raisedWith Pepsi, Coca-Cola and other brands out of the way, local brands of soft drinks and drinkables are expected to make a killing. However, this is not good news for the two big beverage brands, and even the Indian Beverages Association (IBA) has expressed its doubts over the move.IBA secretary general Arvind Verma has been quoted by IANS as saying: “The proposed call is not just against the interest of the farmers, traders and retailers, it also undermines the role the industry can play in economic growth and development.” He added: “We urge individuals and organisations not to be misled by rumours and spread of misinformation. We hope good sense will prevail and normalcy will be restored soon in this matter.”last_img read more

Armando Walle Will Run For ReElection To Texas House Of Representatives

first_imgFlorian MartinState Representative Armando Walle (fourth from the right) has announced he is running for re-election to the Texas House of Representatives.State Representative Armando Walle announced Wednesday he is running for re-election to the Texas House of Representatives.Walle, a Democrat, will be running for his sixth term to represent House District 140, which includes north Houston and Aldine.“After much consultation and consideration with my family, friends, and community, I have decided to run for re-election to the Texas House,” Walle said in a statement.The Representative added that his “experience and knowledge” will be “more important than ever given the work that remains at the state level in the aftermath of Hurricane Harvey as well as in our fight for strong neighborhood schools, good-paying jobs, and quality healthcare for our families.”Last week, Walle declared his candidacy to succeed U.S. Representative Gene Green, after the Congressman announced he will not seek re-election for the 29th Congressional District.“We will dearly miss Congressman Gene Green’s experience, strong work ethic, and commitment to the people of the 29th Congressional District of Texas. Since his retirement announcement, I have seen optimism and excitement for a new generation of leadership,” Walle’s statement noted about Green and added: “I look forward to continuing engagement with the community on how we can best move forward.” Sharelast_img read more

When Australian Masterchef comes for breakfast

Bringing together the hospitality fraternity, a breakfast session with Masterchef Australia host George was organised in the Capital recently. This early morning session, organised by Fine Food India, brought the who’s who from the hospitality business, chefs and restaurateurs to talk about food. George Calombaris made up for the absence of his co-host Gary Mehigan and said: ‘Gary is totally Bollywood. He would have loved to be here had he felt better.’ Also Read – ‘Playing Jojo was emotionally exhausting’Goerge said what is special about Masterchef Australia is that it has roped in cuisines from across the world. There was a whole round of questions the restaurateurs and the public asked George. On being asked about his status as a celebrity chef, he said: ‘I deny the concept of the celebrity chef. I am a chef, that’s it.’For the young food enthusiasts who had gathered there who dreamt of becoming chefs in future, George said, ‘It is very important to engage oneself in cooking and also know where the raw material comes from. The farms ideally and not the supermarkets.’ Also Read – Leslie doing new comedy special with Netflix‘I buy only my toilet papers from the supermarket,’ quipped the chef.About Indian food he said Gary knew more than him. ‘He could actually tell you when and where the food originated and how was it used and all that.’ As for himself, the chef admitted that he couldn’t help wonder about the Indian food especially jalebis which are fermented lactose. ‘It is amazing to see such diverse food culture wherever we go,’ said the 34-year-old chef.When asked whether it is more important to have technical skills or creative ones, he said that it is a mix of both. ‘There are a lot of chefs with so much technical skills and then there are those who does it differently. So we need both these.’‘There is also Nigella, who absolutely makes anything out of the leftovers. This is also something different,’ he added.  The event was concluded with an elaborate breakfast spread. read more

Couple on empowerment mission

first_imgSulochana Chaudhary, a mother of three successful daughters, was watching TV with keen interest as Prime Minister Narendra Modi addressed the audience while launching the “Beti Bachao, Beti Padhao” campaign in Jhunjhunu on March 8. But long before the girl child became a campaign slogan for the current Prime Minister, Sulochana went against all odds to educate her children and inculcate a strong sense of values in them – in a Marwari society which looked down upon a woman giving birth to multiple daughters. Also Read – Add new books to your shelf”The entire Churu society to which we belonged had something bad to say to me when I delivered my third daughter. Their frequent taunts, soon after the delivery, left me and my husband tormented and pained. But I took my daughter in my lap, kissed her and told her, ‘You are going to be my third son. I will give you the best so that you too can serve the nation following in the footsteps of Indira Gandhi and Mother Teresa’,” said Sulochana.As the girls grew up, she took them frequently to visit the village. “I wanted them to know that this was the real India and they had to help the poor here. So they grew up with a vision and mission of improving the socio-economic standards in rural India,” she said, adding that “we also gave them wings to fly abroad and spread their horizons… to do their best”. Also Read – Over 2 hours screen time daily will make your kids impulsiveThey were never made to feel that they were weaker or inferior in any way to the boys.Sulochana’s husband N.K. Chaudhary said, “I knew I had three daughters, but I decided they will build my future and realise my dreams. Although society left no stone unturned to make me feel unlucky for having three daughters, my best English friend, Ilay Cooper, who has written many books on the Shekhawati region, inspired me with his positive thoughts.”He made the Chaudharys realise why it was important to treat their girls at par with boys – and that often women were more efficient and capable than men. “I decided to give the best education to my daughters. As they grew up, I decided to send them to the US so that they could bring best practices to my business,” Chaudhary said.The girls joined the family business, Jaipur Rugs, after finishing their education, with Archana Chaudhary heading the operations in the United States and Asha Chaudhary becoming the CEO. Kavita Chaudhury became head of the design department. “They took the business to heights which I might not have been able to do alone,” says the trio’s father.Kavita is extending the business by engaging rural artisans and allowing them to transfer their thoughts and ideas into rug designs which are making waves across the globe. Recently, one of their weavers, Vimladevi from Aaspura village, was taken to Germany to receive the prestigious German Design Award she had won. “We want to create more such Vimlas in India,” says N.K. Chaudhary.He says they are always trying to boost the confidence of their grassroots weavers. “We want more daughters to become empowered, to stand on their own. We are employing more women and setting up doorstep opportunities for them so that they can recreate the magic of success at different levels,” he added.Kavita says there was a lot of pressure from their Marwari relatives on her parents to treat their girls in accordance with traditional societal norms – where girls were hidden within the confines of four walls at home and limited to kitchen-related work.”However, my parents trusted Cooper and, since early childhood, provided us with the best education and nurtured our personal interests, including sending us abroad.” All this despite their limited resources.Asked if her parents motivated the sisters to pursue their dreams, Kavita said it was not really that. “As children, we did not know what it meant to have dreams that could be fulfilled. They simply created a nurturing space for us to grow and experience life. They motivated us to learn the things we loved to do. And they greatly trusted us,” she said.The Chaudhary family business is now working with the most modern versions of enterprise resource planning, the design studio has been computerised and the products are being counted among the best, inviting global awards.N.K. Chaudhary believes strongly in the concept of women empowerment. Nature, he says, gave sufficient time to man to prove himself and contribute to the society. “But now it is women who are scripting success stories in each field with their untiring efforts.”last_img read more

Mexico slams Egypt air strike after tourists killed

first_imgMEXICO CITY,Mexico — Mexico called on Egypt Monday to swiftly investigate why a group of tourists were mistakenly targeted in what witnesses described as an air strike that killed at least two Mexicans.Egyptian authorities have not said what weapons were involved in Sunday’s attack in the Western Desert, in which 12 people died and 10 more were wounded.But six Mexican survivors told Mexico’s ambassador to Egypt that they had stopped for a meal when they “suffered an aerial attack with bombs launched by a plane and helicopters,” Foreign Minister Claudia Ruiz Massieu told a news conference.The group had arrived in Cairo on September 11 and left two days later on their way to the Bahariya oasis, Ruiz Massieu said.They were near the oasis when they came under fire, she said. The Egyptian travel agency Windows of Egypt informed the Mexican ambassador about the attack.At least two Mexicans have been confirmed dead, she said, adding that diplomats are trying to identify them.The six survivors, who were taken to a hospital in a Cairo suburb, are in stable condition, the minister said.She said her ministry delivered a diplomatic note to the Egyptian ambassador in which the Mexican government expresses its “deep dismay over these deplorable events” and demands a “swift, exhaustive and deep investigation.”“The Mexican government asks that Egyptian authorities give the highest priority and urgency to clearing up this issue,” Ruiz Massieu said.She said Egyptian officials have vowed to create an investigative committee that will be headed by Prime Minister Ibrahim Mahlab.Mexican media identified one of the dead as Rafael José Bejarano Rangel, a 40-year-old musician and shaman, whose mother, Marisela Rangel, was wounded in the air strike.According to Reforma newspaper, Bejarano Rangel supported indigenous Huichol communities and played local instruments.The man’s aunt, Araceli Rangel Dávalos, told Milenio television that she learned about the incident “last night in the news.”Rangel Davalos said her sister Marisela was in stable condition but that they have not been able to talk to each other.“I hope I can go be with my family soon,” she said.Egypt’s interior ministry said Sunday that a joint police and military operation was “chasing terrorist elements” when it “mistakenly” targeted four pick-up trucks carrying Mexican tourists.The ministry did not give a breakdown of the casualties but said “the incident led to the death of 12 Mexicans and Egyptians and the wounding of 10 others.”It said the tourists were in an area that was “off-limits” but did not provide an exact location.President Enrique Peña Nieto condemned the incident in a tweet late Sunday. Related posts:Mexico horrified by suspected massacre, incineration of 43 students Elena Poniatowska: Mexican student massacre reminiscent of concentration camps Peña Nieto administration wants answers after Egypt kills 8 Mexican tourists US trims aid to Mexico over human rights Facebook Commentscenter_img México condena estos hechos en contra de nuestros ciudadanos y ha exigido al gobierno de Egipto una exhaustiva investigación de lo ocurrido.— Enrique Peña Nieto (@EPN) September 14, 2015last_img read more

Routes and Roots A sustainable approach towards Silk Route Tourism by Uzbekistan

first_imgThe progressive perspective of any country depends upon the cultural and historical roots. The promotion of the country revolves around the route to reach the destination. I traversed through the route to reach the roots of Uzbek at a stupefying ambience of the vibrant Surajkund Crafts Mela 2018 with immersive cultural ethos. The location of Uzbekistan in the centre of Eurasian continent allowed it to play a key role in the trans-continental system of the Great Silk Roads. As a matter of fact, main routes of the Great Silk Roads uniting East and West passed through the territory of present-day Uzbekistan, which was one of the places, where the first civilisations emerged and developed.A historic trade route was used from the second century BC through 14th century AD that went from China to the Mediterranean. The Silk Route is so named because of the popularity of trading silk during that period. This valuable fabric originated in China, which initially had a monopoly on its silk production, until the secrets of its creation spread. The Silk Route traversed China, India, Persia, Arabia, Greece and Italy. In addition to silk, the route facilitated the trade of other fabrics, spices, grains, fruits and vegetables, animal hides, wood and metal work, precious stones and other items of value.The Silk Route served as a means not only to exchange goods but also to exchange cultures. Both the travellers of the road and the residents of the cities along the route benefited from learning each other’s language, religion and ideas, in addition to the increased material wealth that the trade generated. These interactions, in turn, boosted the development of science, technology, literature, the arts and other fields of study. Specifically interactions along the Silk Route helped to lead to the development of the printing press and irrigation.Uzbek cities such as Samarkand, Bukhara, Khiva, Tashkent, Termez, Urgench and Fergana served as land beacons along the Silk Road. The blossoming oasis cities growing along the Silk Road became international trans-shipment points and were considered the vital centre of trade, crafts, and cultural exchange. The advantageous position of the cities made them attractive. The territory of modern Uzbekistan with caravan roads were revived, and the settlements and cities along them were built with well-groomed gardens and arable fields; the memory of that is stored in the ancient walls of Samarkand, Bukhara, and Khiva. The ancient cities rich in fine architectural monuments preserve the memory of many centuries. The 33-member states participated in UNWTO Silk Route Programme which works in a collaborative manner to raise the platform of Silk route in a sustainable and responsible way. Various measures are taken by the ministry and embassy to enhance the branding of tourism. Keeping in mind the culturally active potential of the country, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, is attaching high importance to issues of improving the effectiveness to increase the flow of foreign tourists and further aid in the development of domestic tourism, improvement and expansion of tourism services in the country. To integrate the technology globally, the National Television and Radio Company of Uzbekistan, the Ministry for Development of Information Technologies and Communications will organise an international television channel with round-the-clock broadcasting, which will promote the tourism potential of Uzbekistan and transmit various interesting travel programs.Tourism season has been extended and services relating to the improvement of tourism infrastructure are on the top priority basis. The hotels are developed in such a way that their quantity is increased but at par with the quality. Importance is also given to creation of sanitary-hygienic stations along the highways.For the promotion of Sustainable Silk Route Tourism:Cohesive Branding Collaborative approachCapacity building programmesCommunity-based tourism Showcase of culture and craftsUzbekistan has a great potential in the sphere of pilgrim tourism. For this, the Department is supporting the idea in a structured format where a Committee for Religious Affairs under the Cabinet of Ministers of the Republic of Uzbekistan, a visa-free regime has been introduced for countries such as Malaysia, Turkey and Indonesia.To conclude as Robert Frost rightly said:   “Two roads diverged in a wood, and I—I took the one less travelled by, and that has made all the difference.”Responsibly yours by A. Lajwanti Naidulast_img read more

Naturalresourcebased industries are very capital

first_imgNatural-resource-based industries are very capital intensive, and hence extremely cyclical. It is not unreasonable to say that as a natural-resource investor, you are either contrarian or you will be a victim. These markets are risky and volatile! Why cyclicality? Let’s talk about cyclicality first. Some of the cyclicality of these industries is a function of their being extraordinarily capital intensive. This lengthens the companies’ response times to market cycles. Strengthening copper prices, for example, do not immediately result in increased copper production in many market cycles, because the production cycle requires new deposits to be discovered, financed, and constructed—a process that can consume a decade. Price declines—even declines below the industry’s total production costs—do not immediately cause massive production cuts. The “sunk capital” involved in discovery and construction of mining projects and attendant infrastructure (such as smelters, railways, and ports) causes the industry to produce down to, and sometimes below, their cash costs of production. Producers often engage in a “last man standing” contest, to drive others to mothball productive assets, citing the high cost of shutdown and restart. They fail to mention their conflicts of interest as managers, whose compensation is linked to running operational mines. Interest-rate cycles can raise or lower the cost and availability of capital, and the accompanying business cycles certainly influence demand. Given the “trapped” nature of the industry’s productive assets, local political and fiscal cycles can also influence outcomes in natural-resource investments. Today, I believe that we are still in a resource “supercycle,” a long-term period of increasing commodity prices in both nominal and real terms. The market conditions of the past two years have made many observers doubt this assertion. But I believe the current cyclical decline is a normal and healthy part of the ongoing secular bull market. Has this happened in the past? The most striking analogy to the current situation occurred in the epic gold bull market in the 1970s. Many of you will recall that in that bull market, gold prices advanced from US$35 per ounce to $850 per ounce over the course of a decade. Fewer of you will recall that in the middle of that bull market, in 1975 and 1976, a cyclical decline saw the price of gold decline by 50%, from about $200 per ounce down to about $100 per ounce. It then rebounded over the next six years to $850 per ounce. Investors who lacked the conviction to maintain their positions missed an 850% move over six short years. The current gold bull market, since its inception in 2000, has experienced eight declines of 10% or greater, and three declines—including the present one—of more than 20%. This volatility need not threaten the investor who has the intellectual and financial resources to exploit it. The natural-resources bull market lives… The supercycle is a direct result of several factors. The most important of these is, ironically, the deep resource bear markets which lasted for almost two decades, commencing in 1982. This period critically constrained investment in a capital-intensive industry where assets are depleted over time. Productive capacity declined in every category; very little exploration took place; few new mines or oilfields replenished reserves; infrastructure and processing assets deteriorated. Critical human-resource capabilities suffered as well; as workers retired or got laid off, replacements were neither trained nor hired. National oil companies (NOCs) exacerbated this decline in many nations by milking their oil and gas industries to subsidize domestic spending programs for political gain. This was done at the expense of sustaining capital investments. The worst examples are Mexico, Venezuela, Ecuador, Peru, Indonesia, and Iran. I believe 25% of world export crude capacity may be at risk from failure of NOCs to maintain and expand their productive assets. Demands for social contributions in the form of taxes, royalties, carried equity interests, social or infrastructure contributions, and the like have increased. Voters are not concerned that producers need real returns to recover from two decades of underinvestment or to fund capital investments to offset depletion. Today this is actively constraining investment, and hence supply. Poor people getting richer… The supercycle is also driven by globalization and the social and political liberalization of emerging and frontier markets. As people become freer, they tend to become richer. As poor countries become less poor, their purchases tend to be very commodity-centric, especially compared to Western consumers. For the 3.5 billion people at the bottom of the economic pyramid, the goods that provide the most utility are material goods and consumables, rather than the information services or “high value-added” goods. A poor or very poor household is likely to increase its aggregate calorie consumption—both by eating more food and more energy-dense food like meat. They will likely consume more electrical power and motor fuel and upgrade their home from adobe or thatch to higher-quality building materials. As people’s incomes increase in developing and frontier markets, the goods they buy are commodity-intensive, which drives up demand per capita. And we are talking billions of “capitas.” Rising incomes and savings among certain cultures in the Middle East, South Asia, and East Asia—places with a strong cultural affinity for bullion—have increased the demand for gold, silver, platinum, and palladium bullion. Bullion has been a store of value in these regions for generations, and rising incomes have generated physical bullion demand that has surprised many Western-centric analysts. Competitive devaluation The third important driver in this cycle has been the depreciation of currencies and the impact that has had on nominal pricing for resources and precious metals. Most developed economies have consumed and borrowed at worrying levels. The United States federal government has on-balance-sheet liabilities of over $16 trillion, and off-balance-sheet liabilities estimated at around $70 trillion. These numbers do not include state and local government liabilities, nor the likely liabilities from underfunded private pensions. Not to mention increased costs associated with more comprehensive health care and an aging population! Many analysts are even more concerned about the debts and liabilities of other developed economies—Europe and Japan. In both places, debt-to-GDP ratios are greater than in the US. Europe and Japan are financing themselves through a combination of artificially low interest rates and more borrowing and money printing. This drives down the value of their currencies, helping their exports. But which nations’ leaders will stand firm and allow their export industries to wither as their domestic producers suffer from cheap competing foreign goods? If Japan’s Abe is successful at increasing his country’s exports at the expense of its competitors like Taiwan, Korea, or China, then his policies could lead to competitive devaluation. And how will the European community react, for that matter? Loss of purchasing power in fiat currencies increases the nominal pricing of commodities and drives demand for bullion as a preferred savings vehicle. The factors that have driven this resource supercycle have not changed. Demand is increasing. Supplies are constrained. Currencies are weakening. Thus I believe we remain in a secular bull market for natural resources and precious metals. With that in mind, I would call the current market for bullion and resource equities a sale. Where to invest? Let’s talk about a type of company most of us follow: mineral exploration companies, or “juniors.” We often confuse the minerals exploration business with an asset-based business. I would argue that is a mistake. Entities that explore for minerals are actually more similar to “the research and development” space of the mining industry. They are knowledge-based businesses. When I was in university, I learned that one in 3,000 “mineralized anomalies” (exploration targets) ended up becoming a mine. I doubt those odds have improved much in 40 years. So investors take a 1-in-3,000 chance in order to receive a 10-to-1 return. These are not good odds. But understanding the industry improves them substantially. Exploration companies are similar to outsourcing companies. Major mining companies today conduct relatively little exploration. Their competitive advantage lies in scale, financial stability, and engineering and construction expertise. Similar to how big companies in other sectors outsource certain tasks to smaller, more specialized shops, the big miners let the juniors take on exploration risk and reward the successful ones via acquisitions. Major companies are punished rather than rewarded for exploration activities in the short term. Majors therefore tend to focus on the acquisition of successful juniors as a growth strategy. Today, the junior model is broken. Many public exploration companies spend a majority of their capital on general and administrative expenses, including fundraising. Overlay a hefty administrative load on an activity with a slim probability of success, and these challenges become even more severe. One response from the exploration and financial community has been to put less emphasis on exploration success and focus instead on “market success.” In this model, rather than “turning rocks into money,” the process becomes “turning rocks into paper, and paper into money.” One manifestation of that is the juniors’ habit of recycling exploration targets that have failed repeatedly in the past but can be counted on to yield decent confirmation holes, and the tendency to acquire hyper-marginal deposits and promote the value of resources underground without mentioning the cost of actually extracting them. The industry has been quite successful, during bull markets, at causing “sophisticated” investors to focus on exciting but meaningless criteria. Being successful in natural-resource investing requires you to make choices. If your broker convinces you to buy the sector as a whole, they will have lived up to their moniker—you will become “broker” and “broker.” We have already said that exploration is a knowledge-based business. The truth is that a small number of people involved in the sector generate the overwhelming majority of the successes. This realization is key to improving our odds of success. “Pareto’s law” is the social scientists’ term for the so-called “80-20 rule,” which holds that 80% of the work is accomplished by 20% of the participants. A substantial body of evidence exists that it is roughly true across a variety of disciplines. In a large enough sample, this remains true within that top 20%—meaning 20% of the top 20%, or 4% of the population, contributes in excess of 60% of the utility. The key as investors is to judge management teams by their past success. I believe this is usually much more relevant than their current exploration project. It is important as well that their past successes are directly relevant to the task at hand. A mining entrepreneur might have past success operating a gold mine in French-speaking Quebec. Very impressive, except that this same promoter now proposes to explore for copper, in young volcanic rocks, in Peru! In my experience, more than half of the management teams you interview will have no history of success that shows that they are apt at executing their current project. Management must be able to identify the most important unanswered question that can make or break the project. They must be able to say how that question or thesis was identified, explain the process by which the question will be answered, the time required to answer the question, how much money it will take. They also need to know how to recognize when they have answered the question. Many of the management teams you interview will be unable to address this sequence of questions, and therefore will have a very difficult time adding value. The resource sector is capital intensive and highly cyclical, and we expect that the current pullback is a cyclical decline from an overheated bull market. The fundamental reasons to own natural resource and precious metals have not changed. Warren Buffett says, “Be brave when others are afraid, be afraid when others are brave.” We are still “gold bugs.” And even “gold bulls.” Subscribe to Sprott’s Thoughts for free insights and opinion from Rick Rule, Eric Sprott, John Embry, and others from across the Sprott organization. Click here to subscribe. Rick Rule is the chairman and founder of Sprott Global Resource Investments Ltd., a full-service brokerage firm located in Carlsbad, CA. He has dedicated his entire adult life to different aspects of natural-resource investing and has a worldwide network of contacts in the natural-resource and finance worlds. As chairman of Sprott US Holdings Inc., the parent company of Sprott Global, he leads a team of earth science and finance professionals who are experienced with resource investment management. He is a frequent speaker at industry conferences and is interviewed for numerous radio, television, print, and online media outlets concerning natural-resource investment and industry topics. He and his team have long experience in many resource sectors including agriculture, alternative energy, forestry, oil and gas, mining, and water. Sprott US Holdings is active in securities brokerage, segregated account money management, and investment partnership management involving both equity and debt instruments across the entire spectrum of the natural-resource industry.last_img read more

In This Issue   Currencies back to assaulting

first_imgIn This Issue. *  Currencies back to assaulting the dollar. *  China prints very strong Trade Surplus! *  ECB balance sheet shrinking. *  ECB & Norges Bank meet. And Now. Today’s A Pfennig For Your Thoughts. Yellen Says ZIRP Is Warranted! Good Day! . And a Tub Thumpin’ Thursday to you! I’m not in the Tub Thumpin’ mood this morning, but I sure hope you are! I’ll be fighting this awful feeling I have this morning, throughout the letter, until as REO Speedwagon sang, “I can’t fight this feeling any longer.” When I turned on the currency screens this morning, I saw a lot of green. Which reminded me of many years ago, when trading systems first came out, and there was a guy at a booth next to ours, at a trade show, that was selling these trading systems, and I kept hearing him say over and over again for 3 days, “when it lights up green you buy, when it lights up red, you sell, it’s that simple!”  Of course if it were that simple all that bought that system would have been multi-millionaires!  So, it’s all about the currencies again today, after taking a brief pause for the cause yesterday. Yesterday’s Big Event, was Janet Yellen’s first trip to “the Hill” to make the semi-annual testimony to lawmakers on the pulse of the economy. Today, she’ll head to the other side of “the Hill” to repeat her talk.  What I found interesting in her talk yesterday, was that it didn’t stray from the script that was prepared ahead of time for her. She didn’t stray, nor did she drop any bombs like Ben Bernanke did last year, when he first mentioned tapering. What Yellen did say, which was not a change, was that, “. Given the “considerable degree of slack” in labor markets and with inflation still well below the Fed’s 2.0% target, a high degree of monetary accommodation continues to be warranted.” So, in other words. Interest rates aren’t going anywhere for what she once again said, “a considerable amount of time after the bond buying ends”, but would NOT be pinned down on describing “considerable time” this time. And so the markets came away from the meeting feeling as though the ZIRP (zero interest rate policy) was set in stone. And what that thought prompted the markets to do? Sell dollars! And so we have another all-out assault on the dollar this morning, except from one main participant, the Chinese renminbi/ yuan. But the euro is at an 8-week high VS the dollar this morning, and the Norwegian krone has dropped below 5.90 for the first time since last October. (krone is a European priced currency, so the lower the number the greater return is VS dollars) It’s about time the krone got moving,  I can hear you saying to yourself. And yes, I would agree! There have been many mornings that I’ve sat here beating myself up over the krone’s inability to rally.  But that’s here nor there, this morning.  The Norges Bank (Norway’s Central Bank) is also meeting this morning, and there’s not any reason to believe the Norges Bank will change horses in the middle of the stream today. The European Central Bank (ECB) is meeting as my fat fingers type away here, and as I said earlier this week, the drama that has surrounded previous ECB meetings is missing at this meeting. The recent strength of the Eurozone economy has ECB President, Draghi, on hold for implementing any new stimulus measures. And with that, the Eurozone balance sheet gets reduced as countries that have taken out loans, pay them back.  This is an important piece of the puzzle folks. I’ve talked about this before, so this is for all the new readers or for those that missed class that day. But, the euro is receiving love again from all over the world, because of a lot of things, but none so important than the shrinking of the ECB’s balance sheet, while in the U.S. the dollar has to live with the Fed still pumping more air in their balance sheet, although not at the same pace as before, but still pumping. The best performing currency overnight has been the Brazilian real. The real has the best interest rate differential of what’s considered to be the industrialized world. And when the Fed Chairwoman says ZIRP is not changing, real investors see this as an opportunity to make some hay while the sun shines. I would just caution real investors to keep an exit strategy close at hand, for the Brazilian Gov’t has bitten investors once before, which makes me, Once Bitten, Twice Shy, babe. The real has gained 6.5% VS the dollar this year, mostly because of this rate differential thing. But some of the gains are tied to the hopes that there will be a change in Gov’t at the elections later this year. From first to worst. ( I like it better reversed!)  the Chinese renminbi, as described above, was the only currency to book losses overnight VS the dollar, and you have to question the Peoples Bank of China (PBOC) as to why that was the case, given the good data from China overnight that saw the Trade Surplus beat expectations!  The Chinese Trade Surplus came in at $18.5 Billion in April, beating the expectations of $13.9 Billion! Both import and export growth were stronger in April than in March. The one I look to is the import growth, which is an indication of how the domestic demand is doing. And in this case, domestic demand must be doing just fine! With the euro at an 8-week high this morning, the Swiss franc also gets to jump up and click its heels together over its move VS the dollar.  And the Commodity Currencies of: Australia, New Zealand, Canada and S. Africa, are all stronger VS the dollar this morning, on not only current rate differential trades, but future rate differentials. (remember, Chuck expects 2 more rate hikes in New Zealand, and maybe 1 before year-end in Australia) Judging from the emails received yesterday, there are quite a few Al Stewart fans out there! I’m listening to On the Border right now, and that’s what reminded me that I talked about his music yesterday morning, and I received some notes. Always great to know that others are out there humming, whistling, or even singing songs that I reminded them of! Gold is basically flat this morning, although up a buck, after falling below $1,300 again yesterday. This back and forth around $1,300 is beginning to give me a rash! . Yesterday, I talked about the price performance of Palladium, and earlier this week I talked a lot about Silver. But today, I’ll stick to Gold. on a sidebar, did you hear that China has demanded Gold as collateral from Zimbabwe should they loan them any money?   I tell you that, because I think we’ll see more and more of this, using Gold as a money tool. It’s already being used to pay for Oil (see India), and countries like China and Russia are going to attempt to bring Gold back as the true currency it is! The U.S. Data Cupboard yesterday, showed that Consumer Credit exploded higher in March from $12.986 Billion to $17.529 Billion!  Although I did see that Margin Debt at brokerage houses dropped in March. So, this is confusing data, but  if we look under the hood, we see that Margin Debt had reached an all-time high, it really had nowhere to go but to back off, which it did. I doubt this is a trend, given that everyone and their brother is in stocks right now. Today, we get the usual fare of Weekly Initial Jobless Claims, and that’s about it, besides a Bloomberg Consumer Comfort survey. And tomorrow’s Data Cupboard is pretty bare too. So, the markets are left to  Fed Speak. Yes, as I said above, Janet Yellen will repeat her talk today, but she’s not the only Fed member to be on the speaking docket today. Plosser, Evans, Tarullo, and Bullard will all have something to talk about today. Should be interesting to see if there are any tidbits said outside of the scripts. People ask me all the time, “Chuck, what’s your all-time favorite song?” Hmm. Probably the one that’s playing on the IPod right now, from the Captain and Me album, South City Midnight Lady, by the Doobie Bros. So. there you go! For What It’s Worth. Well, believe it or don’t, I found this article on a link provided by LinkedIn. It’s about the Baby Boomers ( like me!). It’s pretty long, so fill up the coffee cup and enjoy. “For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming – it’s here. Every month, more than a quarter-million Americans turn 65. That’s a trend with profound economic consequences. Simply put, retirees don’t contribute as much to the economy as workers do. They don’t produce anything, at least directly. They don’t spend as much on average. And they’re much more likely to depend on others – the government or their own children, most often – than to support themselves. The recession may have delayed the inevitable for a time. The financial crisis wiped away billions in retirement savings, forcing many Americans to work longer than planned. But the stock market has since rebounded, and there are signs that more Americans are at last feeling confident enough to leave the workforce. The labor force participation rate for older Americans – the share of those 55 and older who are working or actively looking for work – has fallen over the past year after rising through the recession and early years of the recovery. Roughly 17 percent of baby boomers now report that they are retired, up from 10 percent in 2010.1 Now that the wave has begun, nothing is likely to stop it. The Census Bureau on Tuesday released a pair of reports that show just how dramatic an impact the graying of the population will have in coming decades. Nearly a quarter of Americans were born between 1946 and 1964, the typical definition of the baby boom generation. That’s more than 75 million people. In their heyday, the boomers were an unprecedented economic force, pushing up rates of homeownership, consumer spending and, most important of all, employment. It’s no coincidence that the U.S. labor force participation rate – the share of the adult population that has a job or is trying to find one – hit a record high in the late 1990s, when the boomers were at the peak of their working lives. It’s been downhill ever since. The participation rate hit a 36-year low last month, and while there are multiple reasons for the decline, the aging of the baby boom generation is a dominant factor. In 2003, 82 percent of boomers were part of the labor force; a decade later, that number has declined to 66 percent, and it will only continue to fall.” Chuck again. The reason I found this to be interesting, is that, the economy is going to have to find a way to offset all these retiring Baby Boomers. And then there’s also the Unfunded Liabilities number that is just going to keep growing like a week. Today it stands at: $129 Trillion! To recap. The currencies are back to taking liberties with the dollar this morning, except the Chinese renminbi. China posted some very strong Trade Surplus numbers last night, so the overnight depreciation of the renminbi was curious. The ECB and Norges Bank are meeting this morning, but expect no drama. The ECB balance sheet is shrinking while the Fed’s is still getting pumped up, like Hans and Franz. The real is the best performing currency overnight, given their rate differential and Janet Yellen’s speech yesterday in which she emphatically held tight to the thought that zirp is warranted. Currencies today 5/8/14. American Style: A$ .9385, kiwi .8660, C$ .9195, euro 1.3945, sterling 1.6970, Swiss $1.1445, . European Style: rand 10.3770, krone 5.8645, SEK 6.4860, forint 218.15, zloty 3.0050, koruna 19.6605, RUB 35.10, yen 101.80, sing 1.2470, HKD 7.7515, INR 60.07, China 6.1557, pesos 12.95, BRL 2.2155, Dollar Index 79.09, Oil $100.40, 10-year 2.63%, Silver $19.33, Platinum $1,441.80, Palladium $807.29, and Gold. $1,293.50 That’s it for today. WOW, my beloved Cardinals saw their bats come alive last night in Atlanta, and now hopefully those hot bats get packed away and taken to Pittsburgh this weekend! They are 3-3 on this road trip, so taking the series in Pittsburgh is important!  Great news from the Water Polo world. Alex was named 1st team All-Conference!  But even better, son, Andrew was named the Water Polo Coach of the Year in the state of Missouri! WOW! Now they just have to finish in the final 4 of the state playoffs, which begins this Saturday for the Lindberg team.. Hey! I know that I’ve been remiss in reminding you of this, but Sunday is Mother’s Day! Don’t forget! If your mom is still alive, give her a great big hug and thank her, then tell her you love her. You don’t know how many times you’ll get to do that, believe me.  Well, I fought through what was weighing on me this morning, so now it’s time to send this out. I hope you have a Tub Thumpin’ Thursday! Chuck Butler President EverBank World Marketslast_img read more

Got Your PostDeath Checklist Grace Can Help

first_img Register Now » 5 min read Learn how to successfully navigate family business dynamics and build businesses that excel. Free Webinar | July 31: Secrets to Running a Successful Family Business Sophia Stuart Startups Got Your Post-Death Checklist? Grace Can Help. Next Article February 17, 2017center_img Grace connects people to end-of-life information and services online. Until fairly recently, death and dying were subjects usually hidden from view. But the digital age has opened up new possibilities for end-of-life organization, from figuring out advance directives, hospice decisions and funeral arrangements to contacting financial institutions and gathering documentation.One such possibility is a tech startup called Grace, which connects people to end-of-life information and services online. It’s the brainchild of Alex Kruger and Annie Luchsinger, and is currently in testing mode at Cedars Sinai in Los Angeles.The business model now requires providers to pay to be listed after a screening process conducted by the Grace team. Kruger and Luchsinger want to keep Grace free to families and build on their directory of providers with a suite of online tools to help patients and families navigate what needs to be done, from one central resource.”The more we talk to families, the better our product can become,” said Kruger. “Grace is the intersection of solutions, a triage system if you like, from connecting with quality hospice or senior care providers, to an after-death checklist. Our goal is to be the catalyst for solutions no matter what point you are at when making difficult life-stage decisions.”Right now, the majority of traffic comes from desktops, as families gather around to use Grace as a starting point for tough conversations. The future might get more mobile as individuals take control of their own plans ahead of time.Grace got its start on the East Coast under a different name, Attendant.”Two things happened around the same time: I was working in another business and a friend mentioned the problems inherent in the end-of-life space. Then my great-uncle died,” Kruger told PCMag. “I didn’t have a good understanding of what it takes to sort out everything from closing out accounts, talking to providers, getting affidavits of domicile, and so on. I asked my family how I could help, and the idea for a digital solution began to emerge.”Kruger had been looking for a new business idea. After stints at a Shanghai biopharma company and IBM, he moved to the startup world and worked for Belly, Fooda and SpotHero. But he wanted to branch out and started Attendant to explore the end-of-life space.Not long after, Luchsinger joined him as Attendant’s first hire from HitchSwitch, a newlywed name-changing company; she’d also previously worked as a buyer for Rue La La.The duo decided to reolocate from the East Coast to Los Angeles. “We wanted to be somewhere that has a digitally forward population, where people are open to using a service like Grace, that’s online. California made the most sense to us,” Kruger said.They applied to the Techstars program, which mentors promising startups, and were accepted into the Boulder, Colorado, program. There, they rebuilt the idea as Grace in partnership with Cedars Sinai.”It was through [Techstars] that Cedars Sinai found out about us,” Luchsinger told PCMag. “They were looking for a digital-first company, with a new mindset and method, to help their patients and their families navigate end-of-life tasks.”They thought Grace might be a really interesting fit; we applied and got in, joining the Techstars Healthcare Accelerator 2016. We emerged with an innovative pilot that allows any patient or family member experiencing an end-of-life event at Cedars-Sinai to call us for guidance and assistance.””The pilot has been live since July 2016,” added Kruger. “Available initially as a resource through their Inpatient Specialty Program, but it expanded rapidly. Grace made awesome waves throughout the hospital and we now get referred by staff in the Emergency Department, ICU and beyond. The goal is to jump in, to have those tough conversations and provide clarity about who to trust in the end-of-life space.”What’s next for Grace? Luchsinger said they hope to be in four additional geographic areas by July 2017 with new content above and beyond the directory. “We’re also starting to aggregate and acquire reviews of providers, and will be building that in next year,” she confirmed.Having been through several surgeries myself, including one life-threatening one, I could not have been admitted to a hospital without providing an Advance Directive, my end-of-life instructions. It was a deeply odd situation sitting in my attorney’s office, setting out under what circumstances I’d let doctors unplug me from life support, and it got me thinking about how you sort out all the administration required post-death. Using a service like Grace from the comfort of my own home would have given me peace of mind. It’s a welcome solution to wrapping everything up neatly before one does have to depart. Add to Queue Image credit: Grace via PC Mag This story originally appeared on PCMag –shares Digital Strategist and Technology Columnistlast_img read more

Should Uber and Lyft Get in the Carpool Lane Together Start Up

first_img Opinions expressed by Entrepreneur contributors are their own. Should Uber and Lyft Get in the Carpool Lane Together? — Start Up Your Day Roundup March 16, 2016 –shares Start Up Your Day Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.A change of heart. Less than 24 hours after Microsoft booted a cloud sharing company as a sponsor from its upcoming tech conference, the company changed its mind and reinvited the startup. Business Insider has more.What would you do with $2 billion? If your startup needs a few ideas, Accel’s got a couple suggestions.Friends, not rivals? Lyft and Uber have been long been fierce competitors but a new study suggests business would be better if the two ride sharing companies became allies.If you see something, say something. In Japan, Airbnb has unveiled a way for neighbors to complain to the service if hosts’ guests get too rowdy, reports The Verge. The feature should launch in the U.S. next month.Switching things up. The average Instagram user misses out on about 70 percent of the content in their news feed. To remedy the problem, the photo-sharing application announced plans to change the order of posts in the feed based on your level of interest, according to TechCrunch.The last word (for now). Apple filed its final response before it faces off against the FBI in federal court over issues of privacy and encryption. Business Insider has the entire brief.Do as I say. Looking for a good read? Warren Buffett made a list of 18 books he thinks everyone should check out. Register Now » Staff writer. Frequently covers franchise news and food trends. Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue Lindsay Friedman Image credit: Uber | Lyft Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. 2 min readlast_img read more

Facebook Hit With Lawsuit Over Plan to Issue New Stock

first_img May 2, 2016 –shares This story originally appeared on Reuters Image credit: endermasali | Shutterstock.com | Enhanced by Entrepreneur Add to Queue Facebook Facebook Hit With Lawsuit Over Plan to Issue New Stock Reuters center_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. 2 min read A Facebook Inc. shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company’s plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder.The lawsuit, filed in the Delaware Court of Chancery, followed the social networking company’s announcement on Wednesday of its plan to issue the shares.The rejiggering of Facebook’s share structure is effectively a three-for-one stock split. Zuckerberg’s said in December that he intends to put 99 percent of his Facebook shares into a new philanthropy project focusing on human potential and equality.The lawsuit contends that a Facebook board committee which approved the share deal “did not bargain hard” with Zuckerberg “to obtain anything of meaningful value” in exchange for granting Zuckerberg added control.In a statement, Facebook said the plan “is in the best interests of the company and all stockholders.” The company has said keeping Zuckerberg at the helm is key to its future success.Facebook plans to create a new class of shares that are publicly listed but do not have voting rights. Facebook will issue two of the so-called “Class C” shares for each outstanding Class A and Class B share held by shareholders. Those new Class C shares will be publicly traded under a new symbol.Zuckerberg “wishes to retain this power, while selling off large amounts of his stockholdings, and reaping billions of dollars in proceeds,” the lawsuit said.”The issuance of the Class C stock will, in effect, have the same effect as a grant to Zuckerberg of billions of dollars in equity, for which he will pay nothing,” it said.Google settled a lawsuit in 2013 shortly before trial which cleared the way for that company to execute a similar plan.(Reporting by Dan Levine; Editing by Bernard Orr and Tom Brown) Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Next Article Register Now »last_img read more

Queens Award in International Trade for Rapidly Growing Semantic Analytics Technology Company

first_imgQueen’s Award in International Trade for Rapidly Growing Semantic Analytics Technology Company SciBite PRNewswireApril 23, 2019, 4:20 pmApril 23, 2019 SciBite announced being named as a winner of the Queen’s Award for Enterprise in International Trade – the highest official UK awards for businesses. SciBite receives recognition for outstanding short-term growth in overseas sales over the last three years.The international growth of SciBite has been led through global adoption of its disruptive semantic software across the top 20 largest pharmaceutical companies in the world. Overseas sales have grown substantially year on year rising from £316k to £2.3 million, a rise in total of 645%.Established in 2013 and head quartered in the UK at the Genome Campus in Hinxton, Cambridgeshire, the company operates globally with offices in the USA and Japan. SciBite continues its rapid growth and plans to increase its employees by another 30% throughout the rest of 2019.Marketing Technology News: Outreach Recognized as an April 2019 Gartner Peer Insights Customers’ Choice for Sales Force Automation“Our technology enables clients to turn previously unusable but scientifically relevant text into high-quality, machine-readable data. We have established strong business relationships with the world’s leading life sciences businesses, and our approach provides significant additive value to many divisions in these businesses from discovery through to development,” said Rob Greenwood, CEO & President at SciBite.With the rapid growth and understanding of the value of artificial intelligence and machine learning solutions, the critical first stage in any successful digital strategy is providing clean, well described data that a machine will understand.Marketing Technology News: 3CLogic Announces Microsoft AppSource Certification for Microsoft Dynamics CRM“We couldn’t have won this award without all of SciBite’s dedicated employees and our fantastic customer base. Winning the Queen’s Award is one of SciBite’s proudest moments that we will never forget,” said Lee Harland, Founder & CSO at SciBite.Marketing Technology News: CoreMedia Partners with Zilker Technology to Provide Roadmap to Help IBM Customers Optimize eCommerce Investments Artificial IntelligenceMarketing TechnologyNewsQueen’s AwardRob GreenwoodSciBite Previous ArticleGlocally and Storied Partner to Develop Digital Ad Units Distributing Local Social ContentNext ArticleNew Research from Fresh Relevance Highlights Impact and Adoption of Influencer Marketing Is Overestimatedlast_img read more

Five Reasons You Should Consider Video Marketing for Your Brand

first_imgFive Reasons You Should Consider Video Marketing for Your Brand Chris RoebuckJune 18, 2019, 6:05 pmJune 18, 2019 ContentGeneration ZMarketingmillennialvideo marketing Previous ArticleOracle Data Cloud and Reddit Collaborate to Build Brand Safety Solution for Dynamic User-Generated ContentNext ArticleSPALDING Doubles its Digital Commerce Revenue with Salesforce 87% of consumers say they’d like to see more video from brands in 2019, according to video creation company Wyzowl’s annual State of Video Marketing survey. With so many channels available for digital marketing campaigns, it can be difficult to navigate — Even for the pros. Regardless of whether you choose to advertise through social media, direct email marketing, sponsored editorial content, or any of the other available options, awareness of emerging trends and how consumers are interacting with content should always guide the decision. Right now, all signs point to video being the vehicle of choice for groups like Millennials and Gen Z’ers who will soon hold the majority of purchasing power. If you haven’t already thought about incorporating video into your marketing, there are six good reasons why you should.Recommended: Moz Expands Partner Ecosystem, Delivers Best-of-Breed Local Presence Management & SEOVideo Viewership Is on the Rise with No Sign of Slowing Down87% of consumers say they’d like to see more video from brands in 2019, according to video creation company Wyzowl’s annual State of Video Marketing survey. With the consumer demand for video growing, brands should adapt and ensure that they’re adjusting their marketing efforts to match.98% of All Advertisers Will Increase or Maintain Their Video Marketing Spend in ‘19With almost all advertisers dedicating marketing dollars to video, the platform is increasingly becoming the most in-demand way to tell your brand story and share messaging with a wide audience. There are a number of platform options for video consumption, including many new players that are driving video industry innovation with new technologies, such as interactive elements and simple user engagement. Video Helps to Tell a Better Story, No Matter What Your Product Is!It’s no secret that consumer attention is best held by video: the storytelling ability is heightened with video vs. written content and still images for conveying key messaging, emotion, and fostering an emotional connection to a subject that will increase positive brand affinity. When you focus on video as the center of your marketing strategy, the consumer path to brand loyalty is made more simple and clear.  Read Also: Shoppers Take Center Stage in the 2019 Retail Systems Research Report on eCommerce Website PerformanceEmerging Tech Will Enhance the User Experience FurtherEnhancing user experience is a goal of every marketer, no matter the industry. Consumers are increasingly looking for easier, more seamless processes relating to their online habits, and encountering non intuitive interfaces or brands that aren’t quick to embrace simplicity will only drive potential users away. Embracing immersive technology solutions within video that creates a truly seamless user experience, all the way from discovery to purchase, will set your brand apart in any saturated marketplace.This is achieved on the marketers’ side by incorporating video elements that heighten the level of interactivity and ease of user engagement, so consumers feel that the brand cares about the time they’re investing in watching this content, and offering simple solutions to help them get information quickly and efficiently. Video > ImagesMore consumers reacting more positively to video over image and text-based marketing:Over two-thirds (68%) of consumers surveyed said that when it comes to learning about new products and services, a short video would be the best avenue. This percentage is drastically larger than those who said they’d prefer text-based articles (15%) or ebooks/manuals (4%), according to the Wyzowl video marketing report.Read More: TechBytes with Neil Trevett, Vice President at NVIDIAlast_img read more

PMG Launches Marketing Intelligence Platform — Meet Alli

first_imgAlli, PMG’s Marketing Intelligence Platform, Combines the Power of Humans and Technology to Give Marketers a Single View of Their Data in Order to Provide More Personalized Experiences to Their CustomersPMG, a global, independent digital company introduced Alli, the company’s proprietary marketing intelligence platform that unifies advertisers’ data from disparate systems, providing immediate business insights and actions at scale.PMG introduces Alli, the company’s proprietary marketing intelligence platform that unifies advertisers’ data from disparate systems, providing immediate business insights and actions at scale.As the digital industry becomes increasingly complex, and data ownership and privacy practices face more regulatory scrutiny, consumers’ demand for better, more relevant advertising and content experiences has only grown stronger. Today’s marketers are now tasked with externally delivering personalized messaging while improving performance and upholding privacy compliance. With advertisers also facing walled gardens and losing access to third-party data, technology that drives enhanced performance and a level of human connection has not been possible until Alli.Marketing Technology News: Facebook Shoots Down ‘Innovation’ Chaos with a New CryptoCurrency Platform ‘Calibra’“Alli helps brands reimagine their marketing investments, enabling marketers to easily create more effective campaigns and truly improve overall customer lifetime value,” said George Popstefanov, CEO, PMG. “Brand marketers are increasingly expected to deliver in the face of changing data practices and an abundance of data points. With Alli, we’re giving brands a single view of their data so together, we can consistently build campaigns on a very personalized, human level.”PMG’s Alli was built with consideration for the fact that to understand customer behavior, marketers must connect the millions of untethered data points across different platforms, and connect publisher data to internal CRM and business performance data in order to gain better insights and provide a clear path to action.Marketing Technology News: Profisee Adds Market Analyst Bill O’Kane to Leadership TeamAlli enables brands to granularly segment key data sets to answer and provide actionable recommendations to business-critical questions across specific audience cohorts, demographics and characteristics. This capability ensures they can create insights-driven, personalized and effective campaigns that better engage customers on an individual level. By identifying their customers’ tendencies and measuring behavior in real-time, brands can take swift action to optimize entire campaigns – answering questions such as “which advertising channels are performing better than others?” and “what is my best-performing creative content?”With Alli, brands gain a competitive advantage through the following key data activities: data aggregation, cleansing and normalization, automation, and activation. No matter how many internal and external data sources a brand has, Alli consolidates data to help better inform decision-making. And in doing so, Alli gives brands full ownership of their data, eliminates data silos and allows marketers to evaluate campaigns on a more granular level so they can increase audience reach, engagement and conversion. On average, PMG customers have connected over 30 different sources of data, including internal business data and external publishers’ performance information.The main components and integrated services as part of Alli include:Data Management — creates a common language for all of the brand’s data, with consistency, accuracy and security.Insights and Visualization — allows the brand to distill the right information and answer the hardest questions, providing new levels of understanding, quality and trust in decision-making.Actions and Automation — gives brands the power to unlock new ways of connecting with audiences at scale through speed to market, efficiency and peace of mind.In addition to these core services, Alli was built to also tackle unique, complex business challenges through custom-built solutions. By utilizing the underlying components of the platform, PMG’s Alli can be tailored to meet any brands’ needs with flexibility and scale.Alli has been several years in the making by combining PMG’s four core technology products into one integrated and cohesive platform. Alli unlocks access and visibility into brands’ own data, allowing PMG services to activate marketing campaigns at scale globally. Alli is already in action across 100% of PMG’s clients. When it comes to creating digital marketing campaigns with publishers like Google, over 50% of PMG’s media investment is being driven by first- and third-party audience data which has consistently driven better performance.Marketing Technology News: PX Launches Private Marketplaces to Support Direct Advertiser to Publisher Engagement“The consumer journey is more complex than ever before, and people expect more from your ads as a result,” said Vicky Homan, Global Product Lead, Google. “Tools that can combine your data across disparate sources hold the key to making ads relevant, immediate and useful for your customers in light of these heightened expectations.” PMG Launches Marketing Intelligence Platform — Meet Alli Business WireJune 21, 2019, 11:04 pmJune 21, 2019 crmData ManagementMarketing TechnologyNewspersonalizationPMG’s Alli Previous ArticleHaoqipei Secures US $60 Million in Series D Funding to Further Accelerate Growth of its Online B2B Auto Parts MarketplaceNext ArticleYext Study: 58% Of Healthcare and Pharmaceutical Marketers Say Their Marketing Management Strategy Needs Major Improvementslast_img read more