Heres Why Entrepreneurs Ought to Value Mainstream Media

first_img Next Article Register Now » Learn how to successfully navigate family business dynamics and build businesses that excel. Media Coverage Facts are important to finding your way in the world, even if they aren’t as persuasive as we wish they were. Free Webinar | July 31: Secrets to Running a Successful Family Business 6 min read Iconoclast Contributor December 2, 2016 –shares Add to Queue Phil La Duke Here’s Why Entrepreneurs Ought to Value Mainstream Media Image credit: martin-dm | Getty Images Opinions expressed by Entrepreneur contributors are their own. This election was an ugly beast, with the Wikipidiots in full bluster on social networks, keeping the folks at Snopes working long hours sifting through the dross, seeking the flotsam of truth amid a sea of lies. Social media has devolved into an atavism. It unintentionally recreates 18th-century political machines, replete with virtual thugs deliberately trying to lie, cheat and steal for their candidates. Many of us have weighed in on the donnybrook, throwing figurative hooks and jabs at one candidate or another, acting for all parts the hormone-addled, hyper-emotional pubescent children who first populated the anti-social networks to begin with.One common cry of foul was that mainstream media (MSM) wasn’t covering the true story. Let me set you straight: The reason MSM doesn’t report the stories so many people cherish is that actual, so-called mainstream media outlets are bound by these pesky things called “facts”. You may have heard of facts. They used to be the deciding factors, the trump card that ended arguments.Related: Speak Your Mind, But Know Your FactsBut here in what I’ve heard called the “post fact” age, a spoilt manchild (or womanchild, if you prefer) can present an opinion as a fact. For the first time in modern history, if one dislikes an inconvenient fact, one can simply howl, “I disagree!” and generally find a website that supports your stupid position. So let’s say, you assert that 9 x 7 = 63, someone can scream: “I disagree! I happen to know that 9 x 7 = Swan. And here’s a link that proves it, Boom. Case closed!”A guide to the MSM.So, despite no one asking me to, please allow me to help: Mainstream media includes published newspapers, magazines, radio and television news outlets. Journalistic ethics and the law bind these news sources; if they deliberately and knowingly say something that is untrue, they can be sued for libel. Reporters have been fired and even had to return Pulitzer prizes for fabricating stories. A reporter can even be fired for something a layman may see as fairly innocent offense like embellishing a quote. Are these media biased? Of course, but not nearly to the extent that people believe.When I worked as a reporter at a weekly news magazine covering small town politics I was routinely left hanging by politicians who didn’t return my phone calls requesting a quote on an article I had written. I could accurately write that a politician “refused to quote,” “did not answer (repeated) phone calls,” “could not reached for comment” or “did not answer a request for quote by press time,” depending on my mood or how I felt about him or her. Personally, I didn’t care one way or another about politicians but — mainly out of self-interest, after all I had to work with these people week after week — I generally tried not to get them angry. I would generally use the innocuous “could not be reached for comment.”Related: Here Is How to Impress the PressThe vetting process (a procedure used to ensure that what is printed or broadcast is, in fact, true) can be extensive, even at a small news outlet. A story is submitted and is edited, which involves a lot more than looking for typos and deviations from the publication’s style guide. Facts are not only checked but challenged; language that is hyperbolic or inflammatory is routinely softened and made lame (I would have said lamified, but that wouldn’t have made it to print so why torment my already beleaguered editors?). This first process is an important step in ensuring that the story is true and not clouded with the author’s emotions or personal biases. The process is repeated several times depending on the size and reputation of the publication (and previous infractions of the author). There is such a thing as editorial position, and some outlets tend to be more left or right leaning, but truly mainstream media try their best to remain committed to the truth. And now, the other guys.The advent of the World Wide Web (and yes, that’s the www prefix on a web address, for those of you who have been living in the Unabomber’s shack for the last 40 years) has brought a lot of quasi-news outlets: blogs, podcasts, YouTube videos, memes, click-bait and out-and-out lies. These pseudo-news outlets are not vetted or peer-reviewed and almost always have an overt agenda. I myself am proprietor of a self-important crap factory (a blog) where I pontificate on the state of worker safety. I can write whatever I want there because it’s my opinion and as a sweaty classmate from my high school days used to say, “You can’t argue with opinions.” (The only smart thing he every said.) Despite many of the sort-of-news sites’ best efforts to look like legitimate and impartial media outlets, they are not vetted. So, effectively, they are one person’s opinion, and you know what they say about opinions they are like belly buttons (okay, okay, I know), everyone has one.Related: It’s Election Day: Is Facebook Influencing Your Voting Decision?The danger I have seen in Facebook and other social networks in this election is that people, good people, smart people can no longer tell the difference between real news outlets and opinion outlets. Opinion outlets, especially ones that proffer opinions that align with our point of view, are seductive because we want to believe them, even if that wish is hidden deep in our hearts, buried below our cognitive thought and well out of the reach of our reason.last_img read more

Texas Legislature Overrules Austin Allows Uber and Lyft to Return

first_imgUber 2 min read When Austin citizens voted in May 2016 to require fingerprint-based background checks from ride-sharing drivers and ban passenger pickup in traffic lanes, Uber and Lyft promptly pulled out of the city. But both are scheduled to restart operations in the city next Monday thanks to legislation passed by the Texas Legislature this month. The bill overrides local ordinances like Austin’s that regulate ride-hailing services and only needs Gov. Greg Abbott’s signature to become law.Buckle up. Coming soon.— Greg Abbott (@GregAbbott_TX) May 17, 2017While Lyft and Uber are celebrating, the city isn’t. The bill, HB 100, would override the state’s 20-plus local ordinances and require ride-sharing companies to conduct criminal background and sex offender checks for drivers — but allow them to use ones they prefer. Uber’s internal checks have failed to discover criminal records before, and when Massachusetts enacted tougher background research rules last month, over 8,000 current drivers were rejected for violent/sexual crimes or drunk or reckless driving. Doubtless these enhanced checks aim to weed out predatory chauffeurs — like Uber drivers who have sexually assault passengers, which the company has tried wiggling out of legal responsibility for.Once Lyft and Uber activate their drivers, both ride-sharing titans will have to compete with local operators that sprung up in the interim. Companies like Fare and Fasten along with the nonprofit ride-hailing service RideAustin complied with Austin’s rules, which were passed by the city to raise the standards of ride-sharing drivers to match taxi drivers (who are required to submit fingerprints and pass background checks). Whether the homegrown services retain their lead once the industry-dominating Lyft and Uber return depends on the passengers — and how they’ll vote with their wallet. David Lumb 42shares Image credit: Shutterstock May 26, 2017 Add to Queue Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful.center_img Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Texas Legislature Overrules Austin, Allows Uber and Lyft to Return Next Article Contributing Editor They’re expected to open Monday right after the governor signs the bill into law. This story originally appeared on Engadget Enroll Now for $5last_img read more

Bad News Day for Bitcoin Its Destroying the World and Bank Accounts

first_imgBitcoin 2019 Entrepreneur 360 List November 6, 2018 You won’t believe how much energy it takes to get just $1’s worth. Image credit: Mark Garlick/Science Photo Library | Getty Images Even though cryptocurrencies technically have no physical presence, they really do a make a impact on the environment — and even could affect the amount of money people have in their accounts.From January 2016 to June 2018, the Oak Ridge Institute for Science and Education in Cincinnati monitored how much energy it took to mine Bitcoin, Ethereum, Litecoin and Monero on a daily basis.The researchers found that Bitcoin, Ethereum, Litecoin and Monero respectively consumed 17 million, 7 million, 7 million and 14 million joules of energy to get $1 worth of each cryptocurrency.When you compare that to how much energy it takes to mine precious metals, the difference is pretty stark.Related: IBM Is Experimenting With a Cryptocurrency, Which It Says Is More StableFor example, Bitcoin takes three times as much energy to mine than gold. For copper you need 4 million joules, gold 5 million joules and platinum requires 9 million joules to get a dollar’s worth of the precious metals.While those figures might give you pause, this week also saw bitcoin being used for some nefarious ends.Publisher Pantheon Books had its Twitter account hacked and was made to look like Elon Musk’s personal account. A tweet was sent out saying that the Tesla and SpaceX CEO was going to be giving away 10,000 bitcoin — which amounted to $64 million — to people who deposited anywhere from 0.1 ($640) and 2 bitcoin (a whopping $13,000) into a provided account. In just a few hours hackers had swindled more than $150,000 with 326 transactions.The fraud was discovered and Twitter is apparently on the case, but it just goes to show that even if something seems abstract, it can have significant real-life implications. Next Article Nina Zipkin –sharescenter_img Staff Writer. Covers leadership, media, technology and culture. Add to Queue 2 min read Entrepreneur Staff The only list that measures privately-held company performance across multiple dimensions—not just revenue. Apply Now » Bad News Day for Bitcoin: It’s Destroying the World and Bank Accountslast_img read more

Jeep Drops a Pickup Microsoft Tops Apple and Alexa Is All About

first_img gb00:0000:00omi Jeep Drops a Pickup, Microsoft Tops Apple, and Alexa Is All About That Bass (60-Second Video) The only list that measures privately-held company performance across multiple dimensions—not just revenue. –shares Add to Queue Next Article Jeep revealed the all-new Gladiator at the Los Angeles Auto Show yesterday, the brand’s first pickup truck in 26 years. Set to go on sale in 2020, the Gladiator will do battle in the hyper-competitive mid-sized pickup market.Microsoft is now the world’s most valuable publicly-listed company after passing Apple for first time since 2010. The software giant hits the mark as Apple’s share price continues to fall, possibly due to poor sales of the latest iPhones.The kitchy classic Big Mouth Billy Bass is back and ready to connect with Alexa. That means the wall-mounted singing fish will lip synch to Alexa’s responses and boogie to tunes from Amazon music. It will cost $39.99 and be released just in time for the holidays on Dec. 1. There’s nothing fishy about that.Watch the previous 3 Things to Know video: How to Achieve Your Goals Apply Now » Entrepreneur Staffcenter_img November 29, 2018 Here are three things entrepreneurs should know today. 3 Things To Know Special Projects Director Patrick Carone 1 min read 2019 Entrepreneur 360 Listlast_img read more

Global Brands debuts two readytodrink cocktail ranges in the UK

first_imgGlobal Brands debuts two ready-to-drink cocktail ranges in the UKPosted By: Jules Scullyon: May 28, 2019In: Alcohol, Beverage, Industries, Innovation, New productsPrintEmailIndependent drinks company Global Brands has launched two canned cocktail brands in the UK: Beviamo and Shake Baby Shake.Beviamo combines a mix of bitter liqueur, Italian wine and soda water to create a “lightly sparkling and refreshing take” on the classic Venetian spritz. The 5.5% ABV beverage is sold in 250ml cans with a matte finish, retailing for £2 at Sainsbury’s stores.“We expect spritz drinks to again be ‘the’ drink of this summer,” said Christian Sarginson, brand controller at Global Brands. “They were massively popular last year as drinkers moved more towards bitter-sweet tastes and looked to moderate their alcohol intake. They want to savour drinks with lighter tastes, but ones that still deliver on flavour and have an Instagramable serve. Beviamo meets this demand.”Meanwhile, the non-carbonated Shake Baby Shake line is available in two flavours – raspberry mojito and passion fruit martini – which are made using natural fruit juices and flavours.The 4% ABV beverages are also sold in 250ml cans, featuring brightly coloured animal prints. Both flavours are available in Sainsbury’s and Asda, while Morrisons sells just the passion fruit martini variant.Sarginson said: “Premiumisation, craft and experimentation have swept through the spirits and beer categories. They’ve changed how people drink, with more emphasis placed on quality, flavour and the ingredients. We’re bringing this to RTDs, enabling supermarkets to meet shopper demand for ready-to-serve, authentic-tasting drinks as flavoursome as on-trade cocktail serves.“As well as high-quality ingredients, we’re embracing the premium trend in our can designs. The cans aren’t just designed to have shelf-appeal and attract shoppers’ eyes, consumers want great-looking drinks they’re proud to share on social media.”UK-based Global Brands, which owns brands such as Franklin & Sons and VK, reported a 19.5% increase in sales for the year ending September 2018.Share with your network: Tags: Global Brandsready-to-drinkUKlast_img read more

Amazon Expands Prime Now Service Offers Alcohol Delivery for First Time

first_img Free Webinar | July 31: Secrets to Running a Successful Family Business Amazon Expands ‘Prime Now’ Service, Offers Alcohol Delivery for First Time Next Article Register Now » August 26, 2015 Learn how to successfully navigate family business dynamics and build businesses that excel. Inc said on Tuesday it will begin delivering wine, beer and spirits to U.S. customers for the first time as part of its speedy delivery service, Prime Now.The online retailer is expanding Prime Now, its one- and two-hour service, to Seattle, where the company is headquartered, and offering alcohol deliveries there.Amazon Prime, the company’s $99 per year shopping membership program, offers free two-day delivery on millions of items. It is a key testing ground for the retailer’s new services, ranging from TV and on-demand video to fast delivery.Amazon has said it has “tens of millions” of Prime subscribers. Analysts estimate the program to have around 40 million users worldwide.The company has steadily expanded Prime Now since it launched the service in New York City last year. It facilitates integration of the retailer’s grocery delivery service, Amazon Fresh, which has been slower to expand to new markets.On-demand grocery delivery is a growing and competitive market in the United States. Instacart, a grocery delivery company, announced on Tuesday that it had expanded to Indianapolis, its 17th city. Other startups, like Postmates, which focuses on meal delivery, also deliver personal care goods and alcohol for customers using a network of couriers.Prime Now customers can order using an app available on both iOS and Android devices. Orders are shipped from smaller warehouses, or hubs. An Amazon spokeswoman said the company opened two facilities in Seattle and Kirkland, Washington, to handle Prime Now deliveries.(Reporting by Mari Saito; Editing by Dan Grebler) 2 min read Add to Queue This story originally appeared on Reuters Reuters –shares Amazonlast_img read more

Here Are the 10 Worst Jobs in America

first_imgJobs Next Article Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Writer at’s list of the 10 worst jobs of 2016 is here.For its 28th annual Jobs Rated report, the website ranked 200 jobs based on four criteria: environment, income, outlook, and stress. Environment takes into account both physical and emotional factors, and the average number of hours worked each week; income considers mid-level salary and growth potential; outlook measures potential for employment growth and income growth, as well as unemployment rates; and stress takes into account 11 different factors including travel, deadlines, and interaction with the public.Newspaper reporter was ranked as the worst job for the third year running, and broadcaster also managed to take a top spot on this year’s list.“The news business has changed drastically over the years, and not in a good way,” former broadcaster Ann Baldwin, president of Baldwin Media PR told CareerCast. “When people ask me if I miss it, I tell them ‘I feel as if I jumped off of a sinking ship.’”And it appears she has — employment in both those jobs is expected to decline by 9 percent in the coming years.Enlisted military personnel and firefighter are also on the list, thanks in part to the former being the highest-stress job out of all 200 and the latter having the worst environment score.Here is the full list:10. FirefighterMedian Salary: $45,970Growth Outlook: 5%9. Taxi driverMedian Salary: $23,210Growth Outlook: 13%8. Advertising salespersonMedian Salary: $47,890Growth Outlook: -3%7. Retail salespersonMedian Salary: $21,670Growth Outlook: 7%6. Pest control workerMedian Salary: $30,660Growth Outlook: -1%5. Enlisted military personnelMedian Salary: $27,936Growth Outlook: N/A4. Disc jockeyMedian Salary: $29,010Growth Outlook: -11%3. BroadcasterMedian Salary: $37,200Growth Outlook: -9%2. LoggerMedian Salary: $35,160Growth Outlook: -4%1. Newspaper reporterMedian Salary: $37,200Growth Outlook: -9% Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Michal Addady Image credit: April 13, 2016 Here Are the 10 Worst Jobs in America Add to Queue 2 min read –shares This story originally appeared on Fortune Magazine Enroll Now for $5last_img read more

Microsoft Wins Landmark Appeal Over Seizure of Foreign Emails

first_img 35shares Free Webinar | July 31: Secrets to Running a Successful Family Business Next Article Microsoft Wins Landmark Appeal Over Seizure of Foreign Emails Add to Queue Reuters Learn how to successfully navigate family business dynamics and build businesses that excel. Register Now »center_img 4 min read This story originally appeared on Reuters A federal appeals court on Thursday said the U.S. government cannot force Microsoft Corp. and other companies to turn over customer emails stored on servers outside the United States.The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan is a defeat for the U.S. Department of Justice and a victory for privacy advocates and for technology companies offering cloud computing and other services around the world.Circuit Judge Susan Carney said communications held by U.S. service providers on servers outside the United States are beyond the reach of domestic search warrants issued under the Stored Communications Act, a 1986 federal law.”Congress did not intend the SCA’s warrant provisions to apply extraterritorially,” she wrote. “The focus of those provisions is protection of a user’s privacy interests.”Microsoft had been challenging a warrant seeking emails stored on a server in Dublin, Ireland, in a narcotics case.It was believed to be the first U.S. company to challenge a domestic search warrant seeking data held outside the country.Thursday’s decision reversed a July 2014 ruling by then-Chief Judge Loretta Preska of U.S. district court in Manhattan requiring Microsoft to turn over the emails. It also voided a contempt finding against the company.”We obviously welcome today’s decision,” Brad Smith, Microsoft’s president and chief legal officer, said in a statement.He said the decision gives people more confidence to rely on their own countries’ laws to protect their privacy, rather than worry about foreign interference, and helps ensure that “legal protections of the physical world apply in the digital domain.”Peter Carr, a Justice Department spokesman, said the agency was disappointed by the decision and reviewing its legal options.”Free-for-all” was fearedThe case has attracted strong interest from the technology and media sectors, amid concern that giving prosecutors expansive power to collect data outside the country could make it harder for U.S. companies to compete there.Dozens of companies, organizations and individuals filed briefs supporting Microsoft’s appeal, including the U.S. Chamber of Commerce, Inc., Apple Inc., Cisco Systems Inc., CNN, Fox News Network, Gannett Co. and Verizon Communications Inc.Had the court gone the other way, “it would have been like the Wild West, with no clear, stable legal rules applying,” Greg Nojeim, senior counsel with the nonprofit Center for Democracy & Technology in Washington, D.C., said in an interview.Microsoft had said the warrant could not reach emails on the Dublin server because U.S. law did not apply there.The Redmond, Washington-based company also said enforcing the warrant could spark a global “free-for-all,” where law enforcement authorities elsewhere might seize emails belonging to Americans and stored in the United States.Modernizing a 30-year-old lawFederal prosecutors countered that quashing warrants such as Microsoft’s would impede their own law enforcement efforts.But Judge Carney said limiting the reach of warrants serves “the interest of comity” that normally governs cross-border criminal investigations.She said that comity is also reflected in treaties between the United States and all European Union countries, including Ireland, to assist each other in such probes.Some law enforcement officials have said obtaining such assistance can, nonetheless, be cumbersome and time-consuming.The Justice Department is working on a bilateral plan to streamline how U.S. and British authorities request data from companies in each other’s country.A bipartisan bill was introduced in the U.S. Senate in May to clarify when and where law enforcement may access electronic communications of U.S. citizens.Circuit Judge Gerard Lynch, who concurred in the judgment, urged Congress to modernize the “badly outdated” 1986 law to strike a better balance between law enforcement needs and users’ privacy interests and expectations.Lynch said the law, as it stands now, lets Microsoft thwart an otherwise justified demand to turn over emails by the “simple expedient” of choosing to store them outside the United States.”I concur in the result, but without any illusion that the result should even be regarded as a rational policy outcome, let alone celebrated as a milestone in protecting privacy,” he wrote.The case is In re: Warrant to Search a Certain E-Mail Account Controlled and Maintained by Microsoft Corp, 2ndU.S. Circuit Court of Appeals, No. 14-2985. Image credit: Reuters | Lucy Nicholson July 15, 2016 Microsoftlast_img read more

Do You Netflix Cheat Youre Not Alone

first_imgNetflix The only list that measures privately-held company performance across multiple dimensions—not just revenue. Reporter February 14, 2017 Do You ‘Netflix Cheat’? You’re Not Alone. 2 min read Image credit: via PC Mag 2019 Entrepreneur 360 List Next Article center_img Forty-six percent of couples who stream together around the world have ‘Netflix cheated.’ Add to Queue Apply Now » Angela Moscaritolo 64shares This story originally appeared on PCMag So you’re bingeing on The Walking Dead with your spouse and they fall asleep. Do you turn off the TV and stay faithful to your partner, or do you Netflix cheat?According to a new study released today by Netflix, a growing number of people are opting for the latter. The survey, conducted by SurveyMonkey in December, reveals that 46 percent of couples who stream together around the world have “Netflix cheated,” aka watched a show ahead of their significant other. That’s around three times the amount that admitted to Netflix cheating just four years ago.The survey also revealed that once you’ve Netflix cheated, it’s hard to stop: 81 percent of cheaters are repeat offenders and 44 percent have cheated more than three times.”In a binge-watching world where it’s easy to say ‘just one more,’ Netflix cheating has quickly become the new normal,” Netflix wrote in its announcement.So what shows are people cheating with? While Netflix found that “no show is off limits,” the “top cheating temptations” are The Walking Dead, Breaking Bad, American Horror Story, House of Cards, Orange is The New Black, Narcos and Stranger Things.Netflix said 25 percent of cheating happens when one partner falls asleep, but 53 percent some say “sleep cheating” doesn’t count.Meanwhile, Netflix cheating has become more socially acceptable over time with 46 percent saying its “not bad at all.” Still, 18 percent of couples have gotten into an actual, verbal argument about Netflix cheating.For more on the phenomenon, check out the infographic below.last_img read more

These Are the Brands Teens Think Are the Coolest According to Google

first_img Ask most people if they would want to go back to high school, and the answer would probably be, “No, not for all of the money in the world.” But teens, with their buying power and early-adopter tendencies, are the demographic in which companies most want to inspire loyalty. And just like in high school, they all want a seat at the cool kids table.The brand team for consumer apps at Google has bestowed upon the world It’s Lit: A Guide to What Teens Think Is Cool. It’s a look at what brands have the most caché among the youth set.Related: 5 Ways Businesses Can Reach ‘Generation Z’The survey results suggest that the top 10 coolest brands among Gen Z are YouTube, Netflix, Google, XBOX, Oreo, GoPro, Playstation, Doritos, Nike and Chrome. As for the companies with the least amount of brand recognition, Uniqlo, Patagonia, clothing brand Supreme and Nest didn’t ring much of a bell. And the least cool? Sorry, TMZ, Wall Street Journal, Sprint and Yahoo — better luck … next time?Is it a little coincidental that a survey sponsored by Google features three Alphabet products among the companies that Gen Z favors the most? Is the use of “It’s Lit” a little pandering? Sure, but the report is an interesting snapshot of how this sought-after cohort is spending their time.Read on to learn the top brands in some of the most popular consumer categories, based on the study.Related: Stop Talking About Millennials and Get Ready for Gen ZSmartphonesAndroid and Apple are pretty evenly split, with 41.3 percent of young people owning Android phones and 42.3 percent going for Apple. Girls lean more toward Apple and boys are bigger fans of Android.Social media  Instagram is the most popular platform, followed closely by Snapchat (used by 59.6 percent and 56.4 percent of teens respectively). Facebook comes in third with 52.8 percent, while Pinterest brings up the rear.FashionAccording to the study, teens put a big emphasis on shoes, and the brands with the most name recognition are Jordan, Converse and Vans.Video gamesThis was the category most beloved by the young male respondents. The top three games are The Legend of Zelda, Call of Duty: Black Ops and Grand Theft Auto.Streaming servicesThe most popular media streaming services for teens are YouTube, Netflix, Spotify and Hulu. These Are the Brands Teens Think Are the Coolest, According to Google Snapchat, YouTube and Oreos all loom large for Generation Z. Image credit: Hero Images | Getty Images Branding –shares 3 min read Nina Zipkin Entrepreneur Staffcenter_img Fireside Chat | July 25: Three Surprising Ways to Build Your Brand April 4, 2017 Add to Queue Next Article Staff Writer. Covers leadership, media, technology and culture. Enroll Now for $5 Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful.last_img read more

Amazons Jeff Bezos Gets the SNL Treatment

first_img Amazon’s Jeff Bezos Gets the SNL Treatment Nina Zipkin Add to Queue Amazon last week finally revealed the locations of its new headquarters: one in Long Island City, N.Y., and the other in Arlington, Va.Almost as quickly as the decision was announced, questions from locals popped up about what having Amazon in these locations would do in terms of an already high cost of living and struggling infrastructure and public services. Meanwhile, a rumored helipad for Bezos in New York didn’t sit well with locals mad about the current state of the MTA.There’s also been criticism that the choices lacked imagination, taking Amazon a little more than a year and applications from more than 200 cities to set up shop in the nation’s capital and one of the biggest business centers in the world.But Saturday Night Live joked this weekend that it truly came down to one deciding factor — billionaire pettiness.”Everyone, except for the people who live there, and the people who live in all the other places we didn’t choose, is thrilled,” says Steve Carell playing Jeff Bezos, outfitted in an unnerving bald cap and aping the Amazon founder’s low-key cadence.Fake Bezos goes on to say that while some may have thought that he might be trolling President Donald Trump by choosing his hometown of Queens and a location near his current residence at the White House to set up Amazon headquarters, that was most definitely not the case.“Sure, he attacked me repeatedly on Twitter, but I chose our new locations because they were ideal for growing business, not just to make Donald Trump think about how I’m literally 100x richer than he is,” Carell intoned.  He gets in a few more digs at the president, saying The Art of the Deal costs more to ship because it’s heavier than most books thanks to its “four chapter 11’s,” and that since people think drones are “scary and impersonal”, he decided to outfit them with fake human hair — which looks fairly similar to the president’s coif.The “sick burn by Jeff Bezos,” ends with him flipping a light switch that projects a giant Amazon logo on the White House. Next Article Amazon –shares SNL thinks they know the reason why HQ2 ended up in NYC and Virginia. Staff Writer. Covers leadership, media, technology and culture. November 19, 2018 Apply Now » Entrepreneur Staff 2 min read The only list that measures privately-held company performance across multiple dimensions—not just revenue. 2019 Entrepreneur 360 Listlast_img read more

Nestlé unveils growth model and 208bn share buyback scheme

first_imgNestlé unveils growth model and $20.8bn share buyback schemePosted By: News Deskon: June 28, 2017In: Food, Industries, Mergers & AcquisitionsPrintEmailNestlé has outlined its strategic model for growth which includes expanding its presence in high-growth geographic markets.Announced yesterday, the plan also consists of capital spending on profitable food and beverage categories such as coffee, pet care, infant nutrition and bottled water. It will also pursue growth opportunities in consumer healthcare.Nestlé said that its announcement earlier this month to explore the possible sale of its US confectionery business ‘is consistent with this overall approach’.In a statement the company said: “Nestlé will only prioritise external growth opportunities that fit within targeted categories and geographies, deliver attractive returns, and build on the company’s leadership position in fast growing food and beverage categories.”As part its growth model, it plans a buyback programme of up to CHF 20 billion ($20.8 billion) worth of shares to be completed  by the end of June 2020. Should any sizeable acquisitions take place during this period, the share buyback programme will be adapted accordingly.The announcement comes just days after American hedge fund Third Point, controlled by activist investor Dan Loeb, unveiled a $3.5 billion stake for 1.3% of the company.The fund claimed that Nestlé has ‘significantly underperformed’ compared to its European and US rivals and called for the company to offload its non-core range and sell its stake in cosmetics maker L’Oréal.In response, Nestlé shares surged by 4% on Monday, with investors hoping that the Third Point stake would trigger profitable changes in the company.Yesterday’s announcement made no mention of the Third Point investment but said that the model reflects a ‘comprehensive review of the company’s capital structure and priorities to support and enhance its ability to deliver on its value creation model’.Earlier this month Nestlé announced it was the lead investor in American ready meal company Freshly, in a bid to adapt to changing consumer tastes.Share with your network: Tags: NestléThird Pointlast_img read more

Nestlé to release salted caramel flavoured KitKat in the UK

first_imgNestlé to release salted caramel flavoured KitKat in the UKPosted By: Martin Whiteon: August 15, 2018In: Confectionery, Food, Industries, New productsPrintEmailNestlé UK and Ireland’s KitKat brand is introducing a new salted caramel fudge flavoured chocolate bar to its KitKat Chunky product line.The new bar features a combination of crispy wafer with a salted caramel flavoured topping, which is then covered in milk chocolate.Nestlé has also given the bar a ‘retro’ sweet shop packaging design featuring turquoise stripes, which aims to evoke the “childhood memories” of consumers.This release comes as part of Nestlé’s flavour rotation strategy, as the company adds a new flavour to its KitKat range each year in order to provide new experiences for consumers.According to Nestlé, last year’s New York Cheesecake flavour proved a hit with millennial consumers, with 70% saying they would try the bar again.Natasha Lawless brand manager for KitKat said: “KitKat fans love exciting new combinations and flavours from their favourite brand, and with the ongoing popularity of salted caramel, we thought it was only right to bring this salty-sweet combination to KitKat Chunky.“Following the incredible success of KitKat Chunky New York Cheesecake and KitKat Chunky Cookie Dough, this year’s bar has all the credentials to be yet another smash hit.”KitKat Salted Caramel Fudge bars will be available from selected Sainsbury’s stores from 15 August, and from all major UK retailers from 20 August.Earlier this year, KitKat became the first brand to release a ruby chocolate product in the UK with the release of KitKat Ruby in April. Share with your network: Tags: confectioneryKitKatNestléUKlast_img read more

Lactalis acquires Aspens infant formula business for 740m euros

first_imgLactalis acquires Aspen’s infant formula business for 740m eurosPosted By: Contributoron: September 14, 2018In: Business, Dairy, Industries, Mergers & Acquisitions, NutritionPrintEmailLactalis has acquired the nutrition business of South African company Aspen Pharmacare for €739.8 million as it aims to expand in the infant formula market.The deal includes Aspen’s brands Alula and Infacare which are present in areas including Latin America, Sub-Saharan Africa and Asia. The unit has production sites in South Africa, New Zealand and Mexico.Aspen Nutrition has 1,100 employees and Lactalis said the unit its complementary to its existing nutrition business.The move sees Lactalis aim to revive its nutrition unit following a scandal earlier this year in which it was forced to remove 12 million boxes of powdered baby milk from supermarkets in 83 countries in response to an outbreak of salmonella.The French firm may now aim to profit from rising demand for infant formula in China as consumers continue to look towards foreign brands.This week marks ten years since the tainted milk scandal in China which led to the death of at least six infants and affected thousands more, when milk powder was found to be contaminated with the chemical compound melamine.For Aspen, the deal – which is expected to close in the first quarter of 2019 – will allow it to focus on its main pharmaceutical operations.Stephen Saad, Aspen Group chief executive, said: “We are pleased to announce that an agreement has been signed to divest of our nutritionals business to French-based Lactalis Group, a leading multinational dairy corporation.”Share with your network: Tags: Franceinfant formulaLactalisSouth Africalast_img read more

Hoop dreams backboards in backyards – in pictures

first_imgTopics Hoop dreams: backboards in backyards – in pictures Pinterest Twitter Facebook Share on Twitter ‘In this time of electronic games, consoles, smartphones, tablets etc, I needed to photograph that connection’ Shares2727 Carlos Marchand photographs basketball hoops in Queens, New York City, as a way of framing suburbia Twitter Facebook The complete series has 95 images New York Pinterest Pinterest Tue 16 Oct 2018 06.00 EDT ‘This is an American icon and seems in disuse nowadays. I couldn’t witness much action’ Twitter Pinterest Pinterest Twitter Twitter Pinterest Pinterest About this content Facebook Facebook Pinterest Twitter Pinterest Urban eye ‘Where used to gather families, just the kids, father and son … playing one-on-one, I’ve noticed a certain distance on using those real hoops’ Facebook The backyard backboard is ‘part of American culture,’ says the photographer.Photograph: Carlos Marchand,Cities is supported by ‘[I’m] hoping the images will preserve how the New York City suburbs look in the years to come’ Twitter Pinterest Pinterestcenter_img Last modified on Thu 27 Jun 2019 06.38 EDT,‘In American backyards or front yards we will notice or unconsciously notice a hoop placed,’ saysCarlos Marchand Main image:The backyard backboard is ‘part of American culture,’ says the photographer.Photograph: Carlos Marchand Twitter Urban eye Facebook Twitter Facebook Twitter ‘I wanted to picture the environment, the locations associated with something we are not seeing often any more’ Twitter Basketball Facebook Facebook Facebook ‘There’s a strong presence of the hoops everywhere, but also an emptiness, meaning the lack of people using them’ ‘It’s part of the American culture’ Pinterest Cities Facebook ‘The aesthetic of them captured my attention at first. But there’s something else’ All were photographed in Queens, NYC Pinterest Twitter Twitter Pinterest ‘Busy life? People glued to small screens? Times are changing for sure’ Facebook Facebook Facebook ‘They can be hanging, on poles or well-structured. All sorts – in good shape or in distress, rusted’ The photographs were captured in black-and-white 120 film Share via Email Twitter Homes Share on Facebook Photographylast_img read more

Donald Trump says he finds Saudi explanation of Khashoggi death credible

first_imgThis article is more than 8 months old Agence France Presse Since you’re here… Jamal Khashoggi ‘Good first step’: Trump welcomes Saudi arrests in Khashoggi case – video Trump administration Last modified on Sat 20 Oct 2018 19.48 EDT Reuse this content Share on Facebook Sat 20 Oct 2018 01.02 EDT Saudi Arabia Shares567567 Share on WhatsApp 0:47 Donald Trump Donald Trump has said he found Saudi Arabia’s explanation about the death of dissident journalist Jamal Khashoggi credible and termed it an “important first step.”The US president added that if the US takes action, he does not want it to impact arms sales to the kingdom, where authorities announced late on Friday that Khashoggi was killed in a fight at its Istanbul consulate. Turkish officials pointed to a state-sanctioned hit. Disappearance of Saudi journalist Jamal Khashoggi – timeline Read more Saudi prince pins blame for Khashoggi death on favoured general Read more Share on Twitter Share on Twitter Donald Trump says he finds Saudi explanation of Khashoggi death ‘credible’ news … we have a small favour to ask. The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. “I do, I do,” Trump said when asked if he found the Saudis’ explanation credible, adding: “It’s early, we haven’t finished our review or investigation, but … I think it’s a very important first step.”“I would prefer, if there is going to be some form of sanction or what we may determine to do, if anything … that we don’t use as retribution canceling $110bn worth of work, which means 600,000 jobs,” he said during a visit to Arizona, referring to a major arms deal with the kingdom.Trump has sent mixed messages about Khashoggi for days, vowing a severe response but also saying that the United States wants to preserve its close relationship with the conservative kingdom.Members of the US Congress were far harsher in the wake of the kingdom’s admission that Khashoggi was dead.Republican Senator Bob Corker, Senate foreign relations committee chairman, said he doubted the credibility of the Saudi authorities, who have insisted for weeks that Khashoggi had left the consulate after visiting to finalise divorce papers on 2 October.“The story the Saudis have told about Jamal Khashoggi’s disappearance continues to change with each passing day, so we should not assume their latest story holds water,” he tweeted.Senator Lindsey Graham, a close Trump ally who has nonetheless been outspoken about Khashoggi, shared Corker’s suspicion. Share via Email The US president welcomes admission as ‘important first step’ amid widespread scepticism in Washington Topics This article is more than 8 months old Share on Facebook Share on Messenger Share via Email Jamal Khashoggi Share on LinkedIn Support The Guardian Share on Pinterest Play Video “To say that I am skeptical of the new Saudi narrative about Mr Khashoggi is an understatement,” the Republican senator tweeted.Bob Menendez, the top Democrat on the Senate foreign relations committee, said the United States should pursue sanctions against Saudis involved in Khashoggi’s death under a US law named after Sergei Magnitsky, the anti-corruption Russian accountant who died in custody.“The Global Magnitsky Act doesn’t have exceptions for accidents. Even if Khashoggi died because of an altercation, that’s no excuse for his murder,” Menendez tweeted.“This is far from the end and we need to keep up the international pressure.”Khashoggi, a Washington Post contributor who lived in suburban Washington, was a former insider who turned into a critic of the kingdom’s direction under crown prince Mohammed bin Salman.He visited the Saudi consulate in Istanbul on 2 October to sort out marriage paperwork, but his fiancee saw nothing more of him after he entered.Representative Mike Coffman, one of a number of lawmakers from Trump’s Republican party facing a tough race in 6 November elections, said the United States “must stand up for our values and demand our ‘allies’ respect human rights”.The Colorado lawmaker, who serves on the House armed services committee, urged Trump to immediately recall the acting US ambassador from Saudi Arabia. Trump has yet to nominate a permanent envoy to the kingdom.United Nations chief, Antonio Guterres, meanwhile demanded that those responsible for Khashoggi’s death be held to account.“The secretary-general is deeply troubled by the confirmation of the death of Jamal Khashoggi. He extends his condolences to Mr Khashoggi’s family and friends,” Guterres’s office said in a statement.“The secretary-general stresses the need for a prompt, thorough and transparent investigation into the circumstances of Mr Khashoggi’s death and full accountability for those responsible.”last_img read more

Nuclear war and a new arms race

first_imgDr Lesley Morrison and her fellow signatories say they are ‘concerned about Donald Trump’s increasingly erratic behaviour and unpredictable methods of conducting international diplomacy’.Photograph: AFP/Getty … we have a small favour to ask. The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. United Nations letters • At the service in Westminster Abbey to mark 50 years of submarine-based nuclear weapons (Letters, 4 April), I assume that the reading will come from Isaiah 2: 3-4: “And they beat their swords into ploughshares, and their spears into pruning hooks: nation shall not lift up sword against nation, neither shall they learn war any more.”Judy TurnerMalvern, Worcestershire• Join the debate – email• Read more Guardian letters – click here to visit• Do you have a photo you’d like to share with Guardian readers? Click here to upload it and we’ll publish the best submissions in the letters spread of our print edition Shares143143 Share on Twitter Share on Twitter Nuclear weapons Share on WhatsApp Health Last modified on Fri 5 Apr 2019 12.00 EDT Get Society Weekly: our newsletter for public service professionals Read more Fri 5 Apr 2019 11.43 EDT Letters Doctors Support The Guardian Share on Messenger Nuclear weapons Share on Facebook Since you’re here… Arms trade Share on Facebook Dr Lesley Morrison and fellow health professionals fear Donald Trump and think the UK should be at the forefront of international nuclear disarmament.Bruce Kent and Judy Turner on the service at Westminster Abbey to mark 50 years of submarine-based nuclear weapons Reuse this content US politics Share via Email Your article Surviving nuclear war – hide under the stairs, take a bucket (3 April) about the cold war exhibition at the National Archives in Kew stirred vivid memories of the disarmament movement in the 1980s. Sadly, the work of that campaign is no less urgent now.The recent decision of the US and then Russia to suspend compliance with the intermediate-range nuclear forces (INF) treaty threatens the start of a new arms race. We are all concerned about Donald Trump’s increasingly erratic behaviour and unpredictable methods of conducting international diplomacy; our security is at risk, and the fact that he has control over the US nuclear arsenal and its potential deployment is frightening.We write as members of Medact, an organisation of health professionals working to make the world a safer place by drawing attention to the links between nuclear disarmament, the environment and social justice.Medact is the British affiliate of IPPNW, International Physicians for the Prevention of Nuclear War, set up in 1980 by two eminent cardiologists, one American and one Soviet, and both doctors to their heads of state. Last week we met with the director of programmes for IPPNW and heard first-hand just how worried people in the US are about the potential use – deliberate or inadvertent – of nuclear weapons.The BMA produced a report in 1983 entitled The Medical Effects of Nuclear War, describing the humanitarian catastrophe that would result. The World Medical Association and the International Red Cross and Red Crescent Movement have echoed these sentiments.It is worth noting that 122 nations voted in favour of the 2017 UN treaty on the prohibition of nuclear weapons. The UK was not among them. Having heard from our American colleagues just how dangerous the current situation is, we urge people to encourage their political representatives to push for the UK to engage with the treaty and be at the forefront of international nuclear disarmament.Dr Lesley Morrison GPDr Duncan McIntyre Retired physicianDr Michael Orgel Retired clinicianDr Judith McDonald GPDr Danuta Orlowska Clinical psychologistDr Georgina Race Junior doctorDr Margaret Craig GPDr Cath Dyer Retired GPDr Richard Dyer Retired GPDr Guy Johnson GP• May I urge the dean of Westminster Abbey to cancel the ceremony planned for 3 May. It is to be held in thanksgiving for 50 years of continuous at-sea (nuclear weapon) deterrence. That means 50 years of being ready and wiling to commit mass murder. Is this something to thank God for?Nuclear weapons are supposedly there to ensure our security. They actually have precisely the opposite effect, and are, of course, a standing invitation to other countries to copy our example. As Robert McNamara, a former US defence secretary, said: “It was luck that prevented nuclear war.”We are rarely told about the many accidents and miscalculations that have taken us, too often, to the brink of disaster. Perhaps it would be better to hold a day of prayer for the success of the current UN nuclear weapon abolition treaty, which this country has yet to support.Bruce KentVice-president, Campaign for Nuclear Disarmament Share via Email Topics Donald Trump Share on LinkedIn Share on Pinterest Nuclear war and a new arms racelast_img read more

Malcolm Turnbull says he urged Trump to develop 5G mobile networks

first_img Australia’s media… ‘A right wing minority’: Malcolm Turnbull re-enters the fray with Neg spray ‘Absurd’ that US and its closest allies are not leading players in technology, former PM says Huawei Share on Twitter … has never been more concentrated, at a time when clear, factual reporting is so desperately needed. Guardian Australia will hold the new Coalition government to account and continue to report on the escalating climate emergency. We are editorially independent, free from commercial and political bias – this means we can promise to keep delivering quality journalism without favour or interference.More people are reading and supporting our independent, investigative reporting than ever before. And unlike many news organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford.The Guardian is editorially independent, meaning we set our own agenda. Our journalism is free from commercial bias and not influenced by billionaire owners, politicians or shareholders. No one edits our editor. No one steers our opinion. This is important as it enables us to give a voice to those less heard, challenge the powerful and hold them to account. It’s what makes us different to so many others in the media, at a time when factual, honest reporting is critical.Every contribution we receive from readers like you, big or small, goes directly into funding our journalism. This support enables us to keep working as we do – but we must maintain and build on it for every year to come. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. Topics Thu 25 Apr 2019 19.21 EDT Share via Email Share via Email Shares4848 Malcolm Turnbull says he urged Donald Trump to ‘ensure that we had at least one viable and secure 5G vendor’ from the US or its allies.Photograph: Mike Bowers/The Guardian “But with 5G we have had to recognise that core/edge distinction no longer exists,” he said. “Right now a mobile network operator, like AT&T or Verizon, has just four full-service vendors from which to choose for its 5G network equipment. Two are from China (Huawei and ZTE) and two are from Scandinavia (Nokia and and Ericsson).“Ferocious competition from the Chinese vendors on price and an absence of mind in Washington and other Five Eyes capitals has got us to the position where, when network security is more important than ever, there is not one 5G vendor from the United States or its Five Eyes allies.“Indeed, there isn’t one from Japan, either, and the closest new prospect is Samsung of Korea.”Turnbull revisited one of the last decisions he took as prime minister before being deposed by colleagues last August. He said cabinet’s national security committee had banned high-risk vendors from Australian 5G networks. That decision was taken amid the leadership tensions that culminated in the conservative-led move against him.The exclusion angered the Chinese government. “The Australian government has made the wrong decision and it will have a negative impact to the business interests of China and Australia companies,” its commerce ministry said.Turnbull said the committee’s definition of high risk was firms that “could be subject to directions from foreign intelligence services to act contrary to our national security”.“The Chinese National Intelligence Law of 2017 makes it abundantly clear that Huawei and ZTE are subject to such obligations and accordingly they were excluded from the 5G rollout in Australia,” he said. Australia had been the first nation to impose a ban and “our decision was not taken lightly”.He had asked Australia’s intelligence agencies to investigate how the risks could be mitigated to allow participation from Chinese companies. “After that very intense research and investigation, their unequivocal advice was that mitigation was not effectively possible. Asia Pacific “The decision was not a judgment on present or near-term threats but, as is more often the case, a long-term prudent hedge. Remember, threat is the combination of capability and intent. The former can take years or even decades to put in place, intent, on the other hand, can change in a heartbeat.”Turnbull said he had formed a view that a nation like Australia “surrounded by friends, particularly well-armed ones, would be unwise to allow that neighbourly warmth to lead it to neglect its own defences”.In an Anzac Day speech to the Australian American Veterans Scholarship Fund in New York, Turnbull did not address rising tensions in the South China Sea or the rapid build-up of naval power in the Asia-Pacific region but zeroed in on cyber-threats.“Fleets and armies are tangible – and menacing – examples of coercive power but their usefulness is largely as a deterrent,” Turnbull said. “Once deployed in combat, the consequences are costly and hard to control or calibrate.“However, cyber-warfare is very different. There the cost of interference is much lower, and state actors do not by any means have the arena to themselves.“It is very hard to deny the origin of a missile, but cyber-attacks are notoriously hard to attribute – and that is assuming you know it is going on in the first place.“In other words the cybersphere offers opponents the ability to inflict damage at relatively low cost to themselves, with a high degree of deniability and relatively little prospect of effective retaliation.” Support The Guardian Australian politics: subscribe by email Malcolm Turnbull Share on Facebook Malcolm Turnbull has revealed that he encouraged Donald Trump to “take the lead” and develop 5G networks in cooperation with allies, including Australia, to hold out “ferocious competition” from China and to safeguard networks against cyber-attacks.In a speech in New York overnight, the former prime minister said that in response to concerns China was stealing a technological march he had urged the US president to “ensure that we had at least one viable and secure 5G vendor from the United States and/or its Five Eyes partners”.“It is, frankly, absurd that in this, arguably the most important enabling technology of our time, the United States and its closest allies like Australia are not leading players,” Turnbull said.He had been pleased to see Trump announce this month that “that 5G is now a priority for his government to ensure US companies got up to speed”.In the past countries in the west had been able to keep “high-risk” vendors from providing core equipment or capabilities, leaving them supplying services at the edge of the network rather than its core. Last modified on Thu 25 Apr 2019 19.25 EDT Share on Pinterest Malcolm Turnbull says he urged Trump to develop 5G mobile networks Read more China Share on LinkedIn Malcolm Turnbull Australian politics Reuse this content Read more @murpharoo Donald Trump Share on Twitter Share on WhatsApp Katharine Murphy Political editor Share on Messenger Share on Facebooklast_img read more