German sports broadcaster Sport1 will launch its h

first_imgGerman sports broadcaster Sport1 will launch its high definition network Sport1+ HD via Sky Deutschland in August after striking a carriage deal with the News Corp-backed pay TV operator.The channel, which is a subsidiary of Constantin Medien, will be available to all HD subscribers to the sports or football Bundesliga package. The channel will air sporting events including the ATP World Tour tennis and motorcycle racing from the the Motorcycle World Championship MotoGP.last_img

Matthias Kurth Europe needs a rational net neutr

first_imgMatthias KurthEurope needs a “rational” net neutrality regime and a US-type promotion of very strict rules would not benefit consumers, according to cable industry body Cable Europe.Opening the Cable Congress in Brussels this morning, Cable Europe president Manuel Konstamm called for a “market-led solution” to net neutrality.Executive chairman Matthias Kurth told attendees that he hoped “Europe would have a more rational approach” than the US, although the European parliament is divided on the issue. He said European operators hoped to avoid anything similar to the Title II regulations imposed on US operators by the FCC.Speaking at the Cable Congress press conference earlier, Kurth said that “no-one in our industry is against the open internet” but that “we also want the issue to be seen in a way that still makes innovation possible”. He said that the introduction of new services would require “some special treatment”.Kurth said that he hoped Commissioner Gunther Oettinger and other policy makers would take a “rational” view and described the introduction of strick net neutrality rules in the US as not helpful.Kurth said that Cable Europe is working to ensure its input into changes that will be introduced by the new Commission.Kurth said he hoped there would be “fair competition” with OTT players with a level playing field. “Everyone uses WhatsApp but we still go on regulating SMS prices, which doesn’t make sense,” he said. “I think the Commission is looking in this direction.”Kurth said that cable had invested significantly in broadband infrastructure. There is a great supply of liquidity for broadband investment, he said. “We don’t need subsidies, but if there is a discussion on this, it should clearly be limited to areas where there is no feasible economically viable business case [for commercial investment],” he said. “It also has to be [for] a mix of technologies.Fibre is not the solution everywhere. We have seen that cable has a lot of potential, especially when coax is used for the last metres to the home in a hybrid connection.” He said this type of hybrid connection using existing coax is much more economic than bringing fibre to every home.Addressing Congress attendees after the press conference, Kurth reiterated that public money should be “limited to rural areas” and should be “technology-neutral”.The ability to port content rights across borders is clearly something European consumers want, said Kurth. He said he hoped rights societies would take a helpful view.“Accessing content across countries on different devices is something where you can show there is actually a single market,” he said. Kurth said one issue was there are so many organisations handling rights that distributors have to deal with that it complicates investment plans.Kohnstamm said that European consumers are not happy about geo-blocking of VoD services between countries and a growing number of providers were providing pan-European services.last_img read more

Total payments for health care longterm care an

first_img Total payments for health care, long-term care, and hospice for people with Alzheimer’s and other types of dementia are projected to increase from $203 billion in 2013 to $1.2 trillion in 2050. (Source: Alzheimer’s Association, 2012 Alzheimer’s Disease Facts and Figures, Alzheimer’s & Dementia, Volume 8, Issue 2.) Right now, about 5.2 million Americans suffer from Alzheimer’s—already a large number—but in just 26 years that number will have more than doubled, to 11 million. Here’s just a glimpse at the monstrous healthcare costs we’re facing: In 2013, the direct costs of caring for those with Alzheimer’s to American society totaled an estimated $203 billion, of which $142 billion came from taxpayers through Medicare and Medicaid. It’s hardly a state secret that we Americans are getting old. Both in raw numbers and as a percentage of the overall population, the 65+ cohort is growing rapidly as the baby boomers slide into retirement. On the plus side, these data confirm that more Americans are living to a ripe old age than ever before—many of them in good health well into their seventies and eighties. But all too often, with age comes susceptibility to ever more serious ailments and a diminishing quality of life—especially if you contract a disease that obliterates your innate sense of self and destroys everything that makes life worth living. That’s what Alzheimer’s disease does. This most common type of dementia was first described by the German physician Dr. Alois Alzheimer more than a century ago… but to this day science isn’t sure what exactly it is and what causes it. It is also increasing in incidence, as would be expected with an aging population:center_img This dramatic rise includes a 500% increase in combined Medicare and Medicaid spending. It’s a serious healthcare crisis in the making—significant today, and on its way to astronomical levels in short order—putting an ever greater amount of stress on a medical establishment that is already coming apart at the seams. What About a Cure? As I’ve mentioned before, despite decades of research, until recently scientists knew precious little about the specifics and causes of Alzheimer’s. Their best guess was that it involved a combination of genetic, environmental, and lifestyle factors. But there was no reliable biomarker that would help indicate who would be affected, let alone a sure pathway to a treatment. The best the pharmaceutical industry managed to come up with were treatments that slowed down, rather than stopped, the progression of the disease—and even then only for a short period of time. In fact, to this day there are just five FDA-approved drugs to treat Alzheimer’s at all, and none is particularly effective. According to a stark appraisal from Consumer Reports Health, “When compared to a placebo, most people who take one will not experience a meaningful benefit.” The Alzheimer’s Association reports that on average, the five approved AD drugs show some efficacy for only about six to twelve months, but only in approximately half of the individuals who take them. Nevertheless, despite their lack of efficacy, these drugs posted some impressive sales figures before cheaper generics became available. A real breakthrough in the treatment of Alzheimer’s, the scientific world agrees, would be a game-changer for modern medicine. And that breakthrough may just be on the way. Right now, there’s a small company that looks like it may beat its competitors to the finish line. Metallic Catalysts Alzheimer’s disease diminishes the ability of neurons in the brain to communicate with one another. That ultimately leads to neuronal death and, over time, destroys memory and thinking skills. Although scientists have yet to pinpoint a single cause for the disease, they’re getting far closer to understanding the disease than ever before. Beta-amyloid plaques, for example—the infamous “plaques” that form in the brain as part of the disease’s development—show links with chronic and persistent infections, such as gingivitis. Also, the interaction of these amyloid plaques and biological metals (zinc, iron, copper, etc.) seems to result in deterioration of brain cells. It was once thought that beta-amyloid plaques were the primary cause of the damage to neurons seen in AD, because they’re the most visible when the brain of a deceased AD patient is dissected. But now a growing number of researchers believe that the small, still-soluble beta-amyloid oligomers may be the main culprits because they’re often found in the spaces between neurons (synapses), where they are believed to disrupt communication by interacting with the metals and creating a short circuit. With nothing firing across the synapses, information is no longer transmitted from one neuron to another, and the cells start to die off from lack of use. One small biotech startup has been moving forward with the development of compounds to render these biological metals inactive, preventing this short circuit and allowing the brain to resume normal function or even heal. Today, that company sits on the cusp of what may prove to be the single most important data readout on the subject since its inception—a trial that should prove whether this technique shows as much efficacy in a large group of human patients as it has shown in animal testing and in anecdotal evidence from early human trials. In the months since we started following this small company, many investors have caught on to its potential. Once a tiny company with a $30 million market cap, news of its successes, including positive readouts from a study of the much smaller but related Huntington’s disease, have driven the stock up nearly 400% in the last year. While that might sound like much of the good news has been priced in, we beg to differ. Global investment firm Deutsche Bank, for instance, recently pegged the global Alzheimer’s drug market at $20 billion per year. With no real competition in the market, the company could easily capture 20% of that market—or about $4 billion annually. Even if this small company can only realize a quarter of that revenue after working through big pharmaceutical partners to manufacture and distribute the treatment, it could see $1 billion in annual revenues. If we compare this company to other companies with similar revenues in the same industry, it means that in the long run, its shares could be worth 10x what they trade at today, even after the recent run-up—and that’s with many very conservative assumptions along the way. A real breakthrough treatment could make these numbers seem ridiculously small. But you won’t have to wait that long to make money. Positive trial results, which are due in March, could easily double the share price as the company moves steadily closer to market. Of course, there aren’t any guarantees, but the company doesn’t even have to provide groundbreaking news at this point. If early trial results can simply be repeated, the potential is enormous. If you want to get into this exciting biotech play before the next big news is due out, try Casey Extraordinary Technology risk-free for 3 months. If in that time you haven’t made any money from our picks or aren’t satisfied for whatever reason, just call or email us and cancel for a full refund of every penny you paid. That way, you don’t have to miss out on this potential windfall that could happen just weeks from now. Click here for more details on this amazing Alzheimer’s breakthrough, or go directly to the order form to get started.last_img read more

First Russia and now China US politicians aren

first_imgFirst Russia, and now China. US politicians aren’t doing themselves any favors getting involved in foreign disputes, especially with their track record of failed foreign policy. “Hong Kong affairs fall entirely within China’s internal affairs,” Chinese Embassy spokesman Geng Shuang states. “We hope that some countries and people can be prudent in their words and deeds, refrain from interfering in the internal affairs of Hong Kong in any way, do not support the illegal activities such as the ‘Occupy Central,’ and do not send any wrong signals.” Don’t make any mistake about this official statement: this was China’s way of telling the US politicians to zip it and mind their own business. How did all this start? With US Senator Menendez. New Jersey Democrat Bob Menendez sent a letter to Hong Kong’s Chief Executive Leung Chun-ying asking that he respect the rights of his people (Hong Kong citizens), and condemning the Hong Kong government’s “excessive” use of tear gas under his watch. Tomorrow, US Secretary of State John Kerry meets with Chinese Foreign Minister Wang Yi. With China already having passed along its “butt out” message to the US, it will be interesting to see if Kerry tries to push his country’s misguided agenda, and if the mainstream media pick up on any of it. But what does this all mean? It means the US is being firmly put in its place by the emerging superpowers in the world. First it was President Putin standing up to Obama over Syria in 2013. Then again in early 2014, Putin stood up to the US sanctions. Now China has sent a sharp official message to the US, warning it to stop meddling. It’s hardly a new US tactic to foment dissent in a foreign state. We saw it in the support of anti-Assad rebels in Syria. We saw it again in Ukraine, where the US financed the February coup. With China, Washington will have to resort to words rather than guns, but it would love to see the people rise up against communism. Last Monday, White House spokesman Josh Earnest made that clear when he stated, “The United States supports universal suffrage in Hong Kong in accordance with the Basic Law and we support the aspirations of the Hong Kong people. We have consistently made our position known to Beijing and will continue to do so.” Earnest is just the messenger, of course. That message comes directly from Obama’s Oval Office. China is no backwater nation. It’s a global economic giant. It will stand up to the US on this issue, and not just because of how much it resents outside agitators. The more important reason is that the last thing the government of China needs is a wave of democratic protests across the nation. Remember, China has more than 160 cities with a population over 1 million. Vancouver, BC, Canada, the epicenter of the junior resource sector, doesn’t even have 1 million people (the greater Vancouver region does, but the city core doesn’t even have 750,000 inhabitants). For further perspective, consider that all of Europe only has 35 cities with 1 million people or more. China now has over 160 such cities, and it’s projected that by 2025—just 11 years away—that number will jump almost 40%, to 220! If a wave of protests were to spread across any large percentage of those 160 cities, that would be a disaster for the Chinese economy. And the worse the economy got in China, the worse the protests would become. Things could spiral out of control very quickly, and the government and military would have some serious problems on their hands. Given the dangers, it’s easy to understand why the Chinese government would go to great lengths to suppress any widespread protests. The last thing the government wants is another incident like Tiananmen Square, where hundreds of students were massacred by the authorities in June of 1989. We must bear in mind that what goes on in China may seem mysterious to an outsider who’s been raised on the notion that all the world’s people crave democracy. But for the majority of the Chinese, what they’ve grown up with is completely normal to them. What the governmental authorities feel they need to do to keep order may be repellent to Americans, but that’s their normal. So… how does what happens in China affect you? If you’re an investor, work in the resource sector, and/or have a job that’s involved in international finance, pay attention. All resource investors must realize that whatever happens in China will affect commodities around the world, for good or ill. Napoleon was quoted as saying, “China is a sleeping giant. Let her sleep, for when she wakes she will move the world.” He was right. China is awake, and it has more than shaken the world. There isn’t a better quote to summarize the importance of China today in the resource markets. Whether you’re talking coal, oil, iron ore, or copper, China matters. Take oil, for instance. In the month of September 2014, the US imported an average of 7.47 million barrels of oil a day. Ten years ago, the US imported an average of 9.73 million barrels a day in the month of September. These are data from the US’s Energy Information Administration website. (By the way, we’ve seen many reports from misinformed reporters claiming that the US imports only 5 million barrels of crude oil a day now. That is incorrect information, as the government data show.) How much oil does China import? A little over 6 million barrels of crude per day. China is the world’s second-largest oil importer after the US, which it is expected to pass in 2015. China also has the second-largest refining capacity of nearly 14 million barrels of oil a day, trailing only the US’s total of just under 18 million barrels. Again, China is projected to forge ahead in 2015. This is just one of the many ways in which China matters. So how do we profit from the information we have? History shows that energy stocks move in cycles. We’ve now completed a major analysis of the best oil producers in North America; we believe they’re on the cusp of a tremendous boom. The only way to position your portfolio for a major upswing in the oil sector is to buy before the boom is in full swing—and that is now in my opinion. Readers who want to understand, hedge against, and even profit from the decline of the petrodollar are advised to sign up for my Casey Energy Report. For most readers, this is literally a once-in-a-lifetime opportunity. Test my newsletter for the next 3 months, and if you don’t like it or don’t make any money, just cancel within that time for a full and prompt refund. Upon signing up, you’ll receive the September issue of the Casey Energy Report, which will provide you with an in-depth analysis of my favorite companies, including dividend-paying and small-cap companies ready to profit from the Russia/US confrontation that I’ve termed “the Colder War.” So if you want to get behind the real winners in the European Energy Renaissance and the Colder War and make some serious money from the inevitable bull market in oil, click here to get started now.last_img read more

We all hear this advice with setyourclock regula

first_imgWe all hear this advice with set-your-clock regularity: “Follow the smart money.” But who or what is this so-called smart money? Why is it smart? How do we find it—let alone try to determine where it’s headed? And how can we take advantage of it? Taking it from the top, what is “smart money”? It’s money put into companies by the top tier of experienced investors, hedge fund managers, and/or institutions. The opposite of it is “dumb money”—the cash that pours in once the investment gets touted front and center in the financial press as “the latest hot secret” for the naïve millions to read—commonly followed by the investing herd stampeding into the sector and driving prices up into a bubble that bursts and leaves heavy losses in its wake. Obviously we want to follow the smart money and avoid getting swept away with the dumb money. But what makes the smart money smart? It’s simple, really. 1. Those in the know have better access to information—and access to better information. If your job were to find the best investments and manage millions, perhaps billions, of dollars, wouldn’t you try to take every advantage the law allows (and maybe even exploit some of the legal gray areas)? This could mean gaining access to policymakers, personally getting to know company management and technical experts, or just immersing yourself in how the market is moving and why. Honestly put, the smart money may know important news hours or even days before it hits the newswires, due to a level of access unavailable to the average retail investor. Using this information, the smart money is able to make better-informed decisions, and make them faster. Sticking with the buy low/sell high mantra is easier when you’re in that position. 2. Serially successful people tend to continue to be successful. The Pareto Principle posits that 80% of an event’s effects often arise from 20% of its causes—or in financial terms, 20% of the people working in a given sector generate 80% of the wins. Being a math guy, I’ll take it one step further. If the top 20% of that group again generates roughly 80% of the wins, this means the top 4% of entrepreneurs generate 64% of the wins. Those who have previously demonstrated that they have what it takes are the ones most likely to do it again. I call it the “4-64” rule. Pay attention to what these folks are doing. 3. They don’t allow the herd to trample them. When you hear about the latest investment fad in the news, you can be pretty sure that idea has passed through hundreds of thousands of hands on its way to you. By the time it hits the airwaves, it’s usually too late: The real money, based on the company’s real value, has already been made. Herd investing is one of the most dangerous threats to your net worth. As the dumb money flows in and the share price begins to climb, it’s easy to get complacent and think that the shares will keep going higher. But that’s when the smart money strikes, pulling out their investment at the expense of the dumb money, taking its profits and leaving the field. Sooner or later, the price takes a nosedive under the selling pressure. It’s the herd that always ends up holding the bag. How to take advantage? Well, let’s take Warren Buffett for example. I have no hesitation labeling him and his group of companies and funds as very smart money. It’s also no secret that Buffett has a cult following, and after it becomes public that he owns a stock, that the “not so smart” money rushes in and pushes that stock even higher. So, the ideal is to get into an investment before the smart money… or at least at the same time. Then, when the involvement of someone like Warren Buffett gets noticed, the herd will drive the price upward, and you will reap the rewards. Of course, you also want to get out before the inevitable decline arrives, which may mean you exit a little early. No problem. You want to preserve your winnings, and no one ever lost money by taking profits. The nice thing is, if it’s basically a sound company, you can ride this cycle multiple times. That’s exactly what we did with ExxonMobil. We got in low, booked our gains, and moved on. It’s now pulled back enough once again that we saw another good entry point, and we jumped back into the stock. But what about our final question? How do you figure out where the smart money is headed next, so that you can get in with or—better yet—just ahead of them? Answer: you do a lot of hard work. There are no shortcuts. You have to ferret out the small number of solid companies that are selling at a discount—and discard all the rest. History is also your guide. It shows that energy stocks move in cycles. We’re somewhere in the trough of a long down cycle, which is exactly the time to go bargain hunting. To maximize our chances of finding the most compelling buys, we’ve now completed a major analysis of the best oil producers and service companies in North America. We’ve locked in our gains before the market selloff on many of the producers, and we believe now is the time to start buying and start building your position in the right companies, during market pullbacks and market weakness. Oil has dropped $15 per barrel in the last year, and majors are sale. Fortune favors the bold, and the key to buying is to do so when others are fearful. This is as true in the oil sector as any other. Buy before the smart money becomes comfortable to stake out major positions. Way before the herd takes notice. And that time is now, in my opinion. Readers who want to make money as the energy sector turns higher—and who want to understand, hedge against, and even profit from the ensuing decline of the petrodollar—are advised to sign up for my Casey Energy Report. For most readers, this is literally a once-in-a-lifetime opportunity. Test my newsletter for the next 3 months, and if you don’t like it or don’t make any money, just cancel within that time for a full and prompt refund. Upon signing up, you’ll receive the September issue of the Casey Energy Report, which will provide you with an in-depth analysis of my favorite companies, including dividend-paying and small-cap companies ready to profit from the Russia/US confrontation that I’ve termed “the Colder War.” So if you want to get behind the real winners, be a part of the “smarter money,” and book some serious profits from the inevitable coming bull market in oil, click here to get started now.last_img read more

Tesla Stops Selling 35000 Model 3 Online

first_img Senior Editor –shares Matthew Humphries Tesla Tesla Stops Selling $35,000 Model 3 Online 2019 Entrepreneur 360 List Tesla has been streamlining its vehicle options of late in a bid to make things simpler for consumers and optimized for production. More changes happened this week and it’s now no longer possible to buy the $35,000 Model 3 online.We’ve already lost the standard range Model S and the Model 3 Mid Range battery option got dropped. Prices have also gone up. Yesterday, further updates were introduced as detailed on the Tesla blog.Autopilot is now a standard feature on all vehicles, but importantly, it’s being added for a lower cost than the Autopilot option use to command. For example, Autopilot used to cost $3,000 when added to the $37,500 Model 3 Stand Plus, but now it comes as standard for $39,500.As to why Autopilot is now a standard feature, Tesla explains that, “our data strongly indicates that the chance of an accident is much lower when Autopilot is enabled. Autopilot also dramatically improves the quality of the driving experience, especially in heavy traffic, as thousands of our customers frequently describe online”As for the $35,000 Model 3. It can no longer be purchased online, but that doesn’t mean it isn’t available. Tesla explains that the now $39,500 Model 3 Standard Plus “has sold at more than six times the rate of Standard,” so the decision was made to simplify production and focus on the Standard Plus. It means the $35,000 Standard Model 3 will now be sold as a software-limited version of the Standard Plus. Ordering one requires a call or visit to a Tesla store.A software-limited Standard Plus means the range is reduced by 10 percent and onboard music streaming service, navigation with live traffic visualization, and heated seats features are disabled. However, they can be enabled with an upgrade if the owner so wishes. You can also do the opposite and downgrade a Standard Plus to Standard features and receive a refund on the price difference, which is a welcome offer and a nice touch. A call or visit to a Tesla store is also required if you want the Model 3 Long Range Rear-Wheel Drive configuration.Finally, Tesla is introducing leasing for the Model 3 in the US. There will be 10,000, 12,000, and 15,000 annual mileage plans with a “small down payment and competitive monthly payments.” Interestingly, Tesla says anyone who leases a Model 3 won’t be able to purchase the vehicle at the end of the lease because Tesla intends to use them as part of a ride-hailing network when full-autonomy becomes a realistic option. Add to Queue Next Article center_img This story originally appeared on PCMag The only list that measures privately-held company performance across multiple dimensions—not just revenue. The vehicle lineup Tesla offers has been given an overhaul. April 12, 2019 3 min read Image credit: via PC Mag Apply Now »last_img read more

Virtual Success

first_img Learn how to successfully navigate family business dynamics and build businesses that excel. Teens bypass after-school jobs for virtual world businesses where the money earned and the skills learned are real. –shares Laura Tiffany 6 min read Next Article In a virtual world, you could be interacting with anyone. That night elf is a night-shift nurse. The girl with the pink hair and iridescent butterfly wings is a mid-level corporate exec. That boy flying by with the floppy brown hair and seriously customized kicks? He may be a high school student who’s figured out there are much better ways to earn summer cash than flipping burgers and busing tables.”Single-player games offer safe, controlled environments, but a virtual world like Second Life adds, ironically, realism. If a young person wants to experiment with running a business, they’re not just engaging in thought experiments and case studies; they’re actually working with real people and real money,” says Joey Seiler, editor of VirtualWorldNews.com, an industry news source that’s part of Virtual Worlds Management, a company that provides trade events, media, research and online services.According to Virtual Worlds Management, more than 100 youth-oriented virtual worlds are either now live or in development, including offerings from MTV and Disney. Research firm eMarketer estimates that 24 percent of the 34.3 million users ages three to 18 used virtual worlds at least monthly in 2007–and that will jump to 53 percent by 2011.Although some MMORPGs (massively multi-player online role-playing games) like World of Warcraft forbid selling in-world items and characters for cash, a few like Entropia and Second Life provide entrepreneurial opportunities for enterprising teens.”Often, the amounts [to be made] are limited and the startup costs are relatively minimal,” Seiler says. “In other words, you get the low cost and ease of setup of a lemonade stand, but you’re competing and selling to a lot more people than just your neighbors.”Designing a FutureBoth Mike Mikula and Eric Lomeli began selling in-world wares within a week of joining Second Life and Entropia, respectively. Mikula, whose avatar is named Mike Denneny and who recently turned 18, started exploring Second Life two years ago when he discovered its teen area. He was intrigued by the in-world design capabilities that allowed him to expand his interest in graphic design by learning 3-D design skills without expensive software.”I’ve designed [in-world] school buildings. I’ve designed stores, homes, furniture, clothing,” says Mikula, who lives in Racine, Wisconsin, and will be a high school senior in the fall. “I’ve made simple scripts that allow showers to go off, doors to open, stuff like that. But I’m most known for my architecture.”His skills have garnered him large projects like building a virtual school for Skoolaborate, a global education project based in Australia. His work in Second Life has convinced him to change his future plans from electrical engineering to architecture, and he even has an offer to visit a leading architect in Australia.During the school year, Mikula brought in $2,000 a month. His projections are a little off this summer as he had to move to the adult Second Life on his 18th birthday.”When I started on the teen grid, I spent my first year just talking and meeting everyone. I learned how the successful people there worked, and then, eventually, I became one of the successful people,” Mikula says.Now that Mikula is on the main grid, he’s restarted and needs to make new friends. Still, he estimates he can make $4,000 a month–without any investment other than his own time.One thing he enjoys about his virtual business is the ability to make a difference.”I can’t be in a job where I can’t progress and get better,” Mikula says. “In Second Life, I can see how I can change things about myself to keep doing better and better, instead of just being stuck doing one thing.”Some of the things he has learned during his Second Life entrepreneurial endeavors are “customer service, strategies to be more effective for the business, how to make sure that you don’t talk bad about any other business, no matter if they’re really competitive with you.”A Valuable ExperienceFor Eric Lomeli, time spent in Entropia cemented what he always knew about himself:”I’ve always planned on owning my own business,” Lomeli says. “[With Entropia,] I learned how to manage a business, how to manage capital and profits, how to watch markets and market trends. The experience that I gained was unmatched by any after-school job I ever had.”Lomeli, 21, started when he was 16. He first acted as a middle man, selling materials gathered by hunters to crafters. He soon had his own shop selling mid-level armor and weapons.”I found most shops either focused on new players or ‘uber’ players. This left a great market void that I capitalized on,” says Lomeli, who now has a non-virtual business, Entropiaoutfitters.com, with business partner Keith Ward. The site sells Entropia-inspired apparel and accessories, and the pair also offer consulting for those interested in Entropia.While still in high school, Lomeli spent about three hours a day on his Entropia business. He invested $300 at one point and had $5,000 Entropia net worth when he graduated. A year later, he sold the company and made $17,000.On the side, Lomeli owns two real-world businesses: one that restores and manages repossessed properties for mortgage companies and one multi-level marketing company that he says is still getting off the ground.While Lomeli acknowledges he had some difficulty playing as a teen–he had limited time and resources compared to his adult competition–he still advises interested teens to start up now.”The [Entropia] universe is only getting stronger, and the best time to get into a good investment is as soon as possible,” Lomeli says. “The great thing about Entropia is it’s fun. It’s not your everyday investment. You get to hunt and play around while you make money. Where else do you get to do that as a teen?”For those who want to get started, Seiler says the skills required aren’t that different from real-world businesses.”You still need interpersonal skills for management or sales, but now it comes in how you operate your avatar.” Seiler says. “You still need product design skills and the ability to manufacture something (unless you’re selling a service), but that comes in scripting or 3-D modeling instead of working with a hammer and nails. You still need to manage finances, but now you work with virtual currencies as well as real currencies.”Seiler does emphasize the need to learn the “ins and outs” of the virtual world you choose, as well as the product or service you hone in on.”There’s an inclination to view this as a get-rich-quick opportunity, where you need only set up a booth/website/virtual island, announce that you’re selling something and wait for money,” Seiler says.Though no business takes such little effort, for teens already glued to a screen for many hours in a day, putting the time and effort into a virtual-world business is not only a fun way to make extra money, but also a way to learn vital business skills and change the course of their future. July 10, 2008 Add to Queue Virtual Success Free Webinar | July 31: Secrets to Running a Successful Family Business Entrepreneurs Register Now »last_img read more

I Did Not Create Bitcoin 4 Major Takeaways From Dorian Satoshi Nakamotos

first_img March 17, 2014 Kim Lachance Shandrow Former West Coast Editor Dorian Satoshi Nakamoto wants reporters off his back, out of his business and away from his family. And, no, once and for all, contrary to what Newsweek reported, he did not “create, invent or otherwise work on Bitcoin,” according to an official statement released last night denying his alleged role in inventing the controversial cryptocurrency.The somber letter of denial, which Reuters financial journalist Felix Salmon posted on Twitter last night, was reportedly issued through Nakamoto’s lawyer Ethan Kirschner.Related: The Obsessively Secretive Founder of Bitcoin Has Been UnmaskedDorian Nakamoto official statement/denial. Very interested to see how @newsweek @truth_eater @jimpoco respond. pic.twitter.com/wfCyK1dQ48— felix salmon (@felixsalmon) March 17, 2014 Free Webinar | July 31: Secrets to Running a Successful Family Business Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. Add to Queuecenter_img 4 min read Nakamoto’s Echo Park, Calif.-based business and entertainment industry attorney also took to Twitter last night to retweet Salmon’s tweet about his client’s written denial. He also retweeted an alleged police report filed by Nakamoto claiming reporters and photographers stalked him outside his Temple City home.  Ever since Leah McGrath Goodman’s Newsweek “The Face Behind Bitcoin” story broke, Nakamoto has been at the center of what TechCrunch writer Pankaj Mishra aptly compared to a “a modern tech manhunt,” with media staking out his home and later chasing the 64-year-old on foot and by car around Los Angeles.  Here are four claims from Nakamoto’s official letter of denial:1. He is not who Newsweek said he was. The publication’s widely criticized “unmasking” story catapulted its reentry into print journalism — and Nakamoto — into the global spotlight. “I am the subject of the Newsweek story on Bitcoin,” Nakamoto’s statement reads. “I am writing this statement to clear my name. I did not create, invent or otherwise work on Bitcoin. I unconditionally deny the Newsweek report.” Nakamoto has repeatedly denied any alleged ties to Bitcoin, though this letter serves as his first written denial.  Related: 6 Things You Need to Know About Bitcoin This Week2. He’d never heard of Bitcoin until about a month ago. He says in the statement that the first time he heard “the term ‘Bitcoin’” was from his son in mid-February 2014. “After being contacted by a reporter, my son called me and used the word, which I had never before heard. Shortly thereafter, the reporter confronted me at my home. I called the police. I never consented to speak with the reporter. In an ensuing discussion with a reporter from the Associated Press, I called the technology ‘bitcom’. I was still unfamiliar with the term.”  3. He has fallen on hard times. The letter seemed to serve two purposes for Nakamoto — to divorce himself from any alleged ties to Bitcoin and to bring attention to his financial woes. “I have not been able to find steady work as an engineer or programmer for 10 years,” he said. “I have worked as a labourer, polltaker, and substitute teacher. I discontinued my internet service in 2013 due to severe financial distress. I am trying to recover from prostate surgery in October 2012 and a stroke I suffered in October of 2013. My prospects for gainful employment has [sic] been harmed because of Newsweek’s article.”Meanwhile, Blockchain chief security officer Andreas M. Antonopoulos kicked off a fundraiser on Reddit to help raise money to help Nakamoto cover his legal and medical expenses. “If this person is not Satoshi, then these funds will serve as a ‘sorry for what happened to you,’ help with medical bills his family is facing, any legal bills they may incur, or anything else,” Antonopoulos wrote in a post on Reddit. “Most of all, it serves to soften the damage caused by irresponsible journalism and to demonstrate the generosity and empathy of the community, which I know is huge.”Related: 3 Big Misconceptions About Bitcoin4. He is pleading for privacy. He said in the statement that “Newsweek’s false report has been the source of a great deal of confusion and stress for myself, my 93-year-old mother, my siblings, and their families.” It appears that Nakamoto hopes his written denial will close what seems to be a very painful chapter in his and his family’s history. He wants further media inquires to stop, asking “that you now respect our privacy.” He also said this will be his last public statement on the matter. Bitcoin ‘I Did Not Create Bitcoin’: 4 Major Takeaways From Dorian Satoshi Nakamoto’s Letter of Denial –shares Register Now »last_img read more

JPMorgan Hack Exposed Data of 83 Million Homes and Small Businesses

first_img October 3, 2014 Data Breach Add to Queue 3 min read Reuters Free Webinar | July 31: Secrets to Running a Successful Family Business Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of the biggest data breaches in history.The bank revealed the scope of the previously disclosed breach on Thursday, saying that there was no evidence that account numbers, passwords, user IDs, birth dates or Social Security numbers had been stolen.It added that it has not seen “unusual customer fraud” related to the attack which exposed contact information for 76 million households and 7 million small businesses.The people affected are mostly account holders, but may also include former account holders and others who entered their contact information at the bank’s online and mobile sites, according to a bank spokeswoman.Security experts outside of the bank warned that the breach could result in an increase in crime as scammers will likely attempt to use the stolen information to engage in various types of fraud.The bank’s customers should be on heightened alert for fraud, said Mark Rasch, a former federal cyber crimes prosecutor.”All of this data is useful to hackers and identity thieves,” he said. “The kind of information that was stolen is not sensitive itself, but is frequently used to validate people’s identities.”Tal Klein, vice president with the cybersecurity firm Adallom, said that the breach could undermine confidence in the security of banks and other companies that people assume are well protected from hackers.”Criminals could literally take on the identities of these 83 million businesses and people. That’s the biggest concern,” he said.”Until now the assumption has been that the companies that get breached are the ones that have poor security practices, but we know that JPMorgan had a good security program and that they invest heavily in this area,” he said. “So what we are waking up to is that the fundamental nature of security is broken.”Still, JPMorgan advised customers on its website that it does not believe they need to change their passwords or account information.Company spokeswoman Patricia Wexler said that the bank is not offering credit monitoring to its customers because no financial information, account data or personally identifiable information was compromised.At the end of August, JPMorgan said it was working with U.S. law enforcement authorities to investigate a possible cyber attack. As with home break-ins, it can take victims of data attacks months to discover what, if anything, is missing.(Reporting by Tanya Agrawal in Bangalore, David Henry in New York and Jim Finkle in Boston.; Editing by Ted Kerr and Bernard Orr) JPMorgan Hack Exposed Data of 83 Million Homes and Small Businesses This story originally appeared on Reuters Next Article Register Now » –shares Learn how to successfully navigate family business dynamics and build businesses that excel.last_img read more

Staples Office Depot in Advanced Talks to Merge

first_img Add to Queue Office-supply chains Staples Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter.The price and structure of the proposed deal couldn’t be learned and there is no guarantee a deal will be reached, the newspaper reported.Staples has a market value of about $11 billion, while Office Depot has a market value of about $4.1 billion.Last month, activist investor Starboard Value LP called for the two companies to merge, saying a combined entity would lead to greater savings.A merger would help fend off intense competition from online retailers such as Amazon.com Inc and big-box chains such as Wal-Mart Stores Inc that sell the same core office supplies, such as paper and ink toner, for less.The combination of the two would likely get a close look from antitrust regulators, the Journal said.Office Depot and Staples were not immediately available for comment outside regular U.S. business hours.Regulators nixed Staples’ attempt to buy Office Depot in 1997, citing antitrust concerns.The FTC approved Office Depot’s $976 million acquisition of OfficeMax in 2013 without the need to close stores, citing increased competition in the office supply industry.(Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier) Reuters –shares Mergers Register Now » Next Article Free Webinar | July 31: Secrets to Running a Successful Family Business This story originally appeared on Reuters February 3, 2015 Staples, Office Depot in Advanced Talks to Merge 2 min read Learn how to successfully navigate family business dynamics and build businesses that excel.last_img read more

TGen City of Hope to develop cell therapy manufacturing facility in Phoenix

first_imgReviewed by James Ives, M.Psych. (Editor)Nov 2 2018City of Hope, a world-renowned independent cancer research and treatment center, and its affiliate, Translational Genomics Research Institute (TGen), have announced a letter of intent to develop a state-of-the-art cell therapy manufacturing facility in the Phoenix Metropolitan Area, a move that would improve the speed at which stem cell research and cancer treatment is delivered.The Phoenix facility would model City of Hope’s three Current Good Manufacturing Practice (cGMP) facilities in Duarte, California, which have produced well over 1,300 cell and gene therapy products and oncology drugs for many cancer clinical trials across the nation. City of Hope is one of a small number of select cancer centers in the U.S. to provide both biological and chemical GMP manufacturing at a single institution. Its facilities have the ability to produce both gene therapy viruses and cells needed for CAR T therapies.”City of Hope is dedicated to innovation in biomedical science and has one of the most comprehensive CAR T cell programs in the world with 16 ongoing CAR T clinical trials,” said Robert W. Stone, president and chief executive officer of City of Hope as well as vice chairman of the TGen board of directors. “Cancer patients need effective treatments now. City of Hope and TGen are working to quickly move effective therapies from the laboratory to patients’ bedside. Additional cGMP facilities will help us expand our capabilities to serve people in Arizona and across the nation.”Demand for clinical cell therapies is expected to grow 42 percent annually over the next decade, according to “Cell Therapy Manufacturing Market.” Most cell therapy manufacturing facilities are at capacity or over capacity because demand is outpacing production rates.”This significant investment further enhances Arizona’s reputation as a hub for bioscience and health care innovation,” said Arizona Governor Doug Ducey. “Our state offers a strong concentration of talent ready to meet the needs of this facility. The work being conducted by City of Hope and TGen is critical in the fight against cancer, and Arizona is proud to play a role in it.”Related StoriesExciting study shows how centrioles center the process of cell divisionNew shingles vaccine reduces outbreaks of painful rash among stem cell transplant patientsNew study reveals ‘clutch’ proteins responsible for putting T cell activation ‘into gear’The planned facility would meet an urgent need of accelerating cures for patients in Arizona, Southern California and elsewhere. The facility would also provide additional opportunities to partner and collaborate with scientists in Arizona, an important objective for TGen, an affiliate of City of Hope.At this future facility, chimeric antigen receptor (CAR) T cells, which have demonstrated durable cancer remission in blood cancers such as leukemia and lymphoma, would be among the cells that are produced. The new facility could also support the cell therapy production needs of pharmaceutical and biotechnology companies who need this kind of specialized GMP capability to move clinical trial programs forward.”The road to future cancer cures requires genomic-enabled medicine and the type of immune-system enhancements that would result from this cell therapy manufacturing facility, which will provide local access to new treatments for Arizona patients,” said Jeffrey Trent, Ph.D., TGen president and research director. “City of Hope’s clinical and manufacturing expertise in immunotherapy is at the forefront of this field, and combined with TGen’s genomic testing, offers patients new hope for their future.”The Arizona Commerce Authority will work in partnership with City of Hope and TGen to provide workforce development assistance through its Navigator and local One-Stop programs.Source: https://www.cityofhope.org/news/city-of-hope-and-tgen-announce-cell-therapy-facilitylast_img read more

Cyberbullying associated with poor sleep and depression in teens

first_imgReviewed by Kate Anderton, B.Sc. (Editor)May 9 2019Teens who experience cyberbullying are more likely to suffer from poor sleep, which in turn raises levels of depression, found a University at Buffalo study.Although research has examined the relationship between online bullying and depression, the UB study is one of few to explore the connection between cyber victimization and sleep quality.The study surveyed more than 800 adolescents for sleep quality, cyber aggression and depression.The research will be presented by Misol Kwon, first author and doctoral student in the UB School of Nursing, at SLEEP 2019, the 33rd annual meeting of the Associated Professional Sleep Societies in San Antonio, Texas from June 8-12.Related StoriesSocial media use and television viewing linked to rise in adolescent depressive symptomsNew structured approach to managing patients with depression in primary careNovel bed system with VR brainwave-control for sleep bliss”Cyber victimization on the internet and social media is a unique form of peer victimization and an emerging mental health concern among teens who are digital natives,” said Kwon. “Understanding these associations supports the need to provide sleep hygiene education and risk prevention and interventions to mistreated kids who show signs and symptoms of depression.”Nearly one third of teens have experienced symptoms of depression, which, in addition to changes in sleep pattern, include persistent irritability, anger and social withdrawal, according to the U.S. Office of Adolescent Health.And nearly 15 percent of U.S. high school students report being bullied electronically, says Kwon. At severe levels, depression may lead to disrupted school performance, harmed relationships or suicide.The risks of allowing depression to worsen highlight the need for researchers and clinicians to understand and target sleep quality and other risk factors that have the potential to exacerbate the disorder.The research was supported by a $1.8 million grant from the National Institute on Alcohol Abuse and Alcoholism in the National Institutes of Health awarded to Jennifer Livingston, PhD, principal investigator and associate professor in the UB School of Nursing.Additional UB School of Nursing investigators include Suzanne Dickerson, DNS, professor and chair of the Department of Biobehavioral Health and Clinical Sciences; and Eunhee Park, PhD, assistant professor. Young Seo, doctoral candidate in the UB Graduate School of Education, is also an investigator. Source:http://www.buffalo.edu/news/releases/2019/05/012.htmllast_img read more

User control and transparency are key to trusting personalized mobile apps

Explore further As concerns about privacy increase for people using mobile apps, users’ trust and engagement may hinge on perceptions about how the app uses their data and whether it seeks user input before delivering personalized services, according to researchers. However, their reactions may also depend on how familiar a user is with technology, they added. In a study of a prototype app for recommending eco-friendly stores, users considered an app more trustworthy and easier to use if they felt they were consulted about the distance and nature of the stores they prefer, a process called overt personalization. Usability of the app was dampened when the personalization was covert, when it recommended stores without first asking their preferences.But, it is not always feasible to consult app users because it would interrupt them and require them to make too many choices, said the researchers. One solution is to make sure that users have a clear understanding of how the app is using their data.According to the researchers, higher perceived transparency—whether users recognize that the app is clearly conveying how and why it is collecting the data—is associated with better product involvement and user engagement. Transparency can also mean lower privacy concerns.”Providing details about how the app is going to do things, such as how it will use your information, how it will store the data and how it’s going to delete that information, may reduce some of the privacy concerns and the feeling of being creeped out by personalized offerings,” said S. Shyam Sundar, distinguished professor of communications and co-director of the Media Effects Research Laboratory.Tsai-Wei Chen, a user experience designer at Optum, who worked with Sundar, said that the perception of control can lead to a series of positive user reactions.”If you give people a perception of control, they trust the app more, and, the more they trust it, the greater their involvement in the app and the more positive attitudes,” said Chen. “Their privacy concerns also went down and they had greater engagement with the app.”The researchers, who presented their findings at the CHI Conference in Montreal, found a connection between a user’s technological savvy and his or her ability to perceive overt personalization and information transparency.”People who were more familiar with using technology—power users—could tell the difference between overt and covert personalization,” said Sundar. “They better recognized the value of information transparency and felt that it made up for perceived lack of overtness in personalization.”The researchers suggest that because users’ familiarity with technology may influence how they experience features, such as privacy controls, developers should have a clear understanding of their customers’ expertise and limitations when designing an app.Developers should also make cues about information usage more obvious for casual tech users, they added.”For users who have some tech expertise, it’s easier to incorporate covert personalization, but make sure the transparency cues are apparent and easy to understand,” said Chen. “For users with lower tech expertise, you need to work hard to convey overt personalization and information transparency, or find other features to increase their trust.”For the study, the researchers recruited 302 participants to use five different versions of an app prototype, called GreenByMe, that recommended local eco-friendly stores. The five versions covered the different conditions of the experiment, including covert personalization, overt personalization, high transparency, low transparency, and a control condition.In the overt condition, the app displayed selection menus. To test transparency, in the high transparency condition, a screen contained an explanation on how the information would be used. Credit: CC0 Public Domain Provided by Pennsylvania State University Privacy top concern as users customize, personalize online experiences Citation: User control and transparency are key to trusting personalized mobile apps (2018, April 24) retrieved 18 July 2019 from https://phys.org/news/2018-04-user-transparency-key-personalized-mobile.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

Gujarat Alpesh Thakor another former Congress MLA set to join BJP

first_imgGujarat: Alpesh Thakor, another former Congress MLA set to join BJPFormer Congress MLAs Alpesh Thakor and Dhavlsinh Zala are set to join the ruling BJP in Gujarat.advertisement Press Trust of India AhmedabadJuly 16, 2019UPDATED: July 16, 2019 00:13 IST Alpesh ThakorFormer Congress MLAs Alpesh Thakor and Dhavlsinh Zala are set to join the ruling BJP in Gujarat.Dhavlsinh Zala indicated this after a meeting of the Thakor Sena, an outfit founded by Alpesh Thakor, Monday in Ahmedabad.Both of them had apparently cross-voted in the Rajya Sabha polls in Gujarat held on July 5 and then resigned as Congress MLAs.”A meeting of the core committee of our Thakor Sena was held today in which they gave permission to Alpesh Thakor and me to join the BJP,” Zala told reporters after the meet. Alpesh Thakor was not present at the meeting,” he said.”Now, Alpesh Thakor has been authorised to negotiate with BJP leaders and fix a date for our joining that party,” Zala further said.Alpesh Thakor (43) had emerged as a prominent OBC leader after the Patel quota agitation of Gujarat in 2015. He had formed the Thakor Sena, an outfit of his OBC Thakor caste.Before the December 2017 state elections, he had joined the Congress and later got elected from the Radhanpur assembly constituency in Patan district.However, he soon fell out with the Congress leadership and had resigned from all organisational posts before the 2019 Lok Sabha elections, but stayed in the opposition party.Alpesh Thakor and Zala had apparently voted for BJP candidates S Jaishankar (foreign minister) and Jugalji Thakor in the Rajya Sabha polls instead of Congress nominees. Both of them had quit as Congress MLAs just after voting.Both the BJP candidates had emerged victorious.Zala was elected from Bayad in Sabarkantha district in the 2017 assembly polls.Speculation was rife in Gujarat that Alpesh Thakor will join the BJP before the April-May 2019 Lok Sabha polls. However, that did not happen.ALSO READ | Ahmedabad amusement ride collapse: Six booked for culpable homicideALSO WATCH | BJP fields External Affairs Minister Jaishankar for Gujarat Rajya Sabha seatFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAnupriya Thakur Tags :Follow Alpesh ThakorFollow Gujarat Nextlast_img read more