After a delicious lunch, Arcosanti crew-members taught a hands-on silt workshop. Each person was able to make his or her own ‘silt-carved’ artwork, have it poured in plaster and take with them. For more information on the availability of SPECIAL TOURS, call or e-mail the Arcosanti Public Relations office. [Photo: Siobhan Watts & Text: sa] March 25, 2004During a three-day conference, for employees of the Hotel business in Phoenix, a one-day ‘team-building’ workshop at the Arcosanti site was offered. A group of 34 participants started with an intensive tour of the site. [Photo: Siobhan Watts & Text: sa]During a three-day conference, for employees of the Hotel business in Phoenix, a one-day ‘team-building’ workshop at the Arcosanti site was offered. A group of 34 participants started with an intensive tour of the site. [Photo: Siobhan Watts & Text: sa] A rare highlight for this group was a question and answer session with Paolo Soleri, held in the Colly Soleri Amphitheater. [Photo: Siobhan Watts & Text: sa]
Multiscreen TV platform provider Comigo is set to demo its next generation Android-based set-top box solution at IBC.The solution supports HEVC, which Comigo says could save operators up to 40% on content delivery costs, and also offers flexibility through the choice of different modules.Comigo said that modules include a personalisation engine, social engine, engagement module, social recommendations engine and insights and analytics – which operators can pick and choose based on their needs.Pay TV operators can also use Comigo’s set-top solution to remotely launch content-related apps and services across different screens and devices.“Pay-TV operators today are keen on delivering an engaging TV experience on every screen, and are looking for innovative ways to generate additional revenue streams from their TV service. To meet this demand, we are partnering with a variety of system integrators globally, we’ve opened our backend capabilities to solution partners, and we offer our Android-based STB middleware to several STB vendors,” said Comigo CEO, Dov Moran.Comigo claims that it has “dramatically increased” sales revenue and global market penetration over the last year. During the first half of 2014 it doubled its customer base and sold five times more set-top boxes compared to 2013, the company said.It is also in the process of expanding into new geographical markets within Asia, the US and Latin America, while extending sales in existing territories in Europe and Central America. Comigo will exhibit at IBC on stand 3.B61
In This Issue. * New Zealand 1st QTR Employment soars! * Aussie April Employment rises. * Is China ready to widen trading band? * All the heavy lifting is done.. NOT! And, Now, Today’s Pfennig For Your Thoughts! Renminbi Rises To Highest Level Since Peg Was Dropped. Good day. And a Tub Thumpin’ Thursday to you! Uh-Oh, our Blues are in deep dookie folks, as they lost on home ice last night! UGH! The Defending Stanley Cup Champion L.A. Kings are proving to be very difficult to beat, and now lead the Blues 3-2 in their best of 7 Series, that now heads back to L.A.. This is BIG news here in St. Louis, folks, so sorry if you couldn’t care less about hockey! Well, yesterday’s currency rally that we talked about in the early morning, remained in place throughout the day, and for the most part, has carried on in the overnight markets. The euro, which once again got within sniffing range of 1.32 yesterday before backing off, is flat this morning. It’s been a pretty exhausting week for the euro, given the strong economic reports out of Germany t, and all the euphoria going on in the U.S. with the stock market. It’s a case of: let’s buy euros, no let’s not buy euros. I mentioned the U.S. stock market above. Isn’t the stock market something? Never mind that it’s all about smoke and mirrors, stimulus and ZIRP. When the train leaves the station, and builds up steam, you certainly don’t want to be standing idle on the tracks in front of that train, and therein lies what’s going on with moms and pops that feel this is wrong, but don’t want to be standing idly on the tracks. And who can blame them? They can’t get any gas, groceries or giggles out of their deposits in the bank or credit union. And besides, the Gov’t, the Fed, and all the brokerage houses are all telling us that everything is hunky dory and not to worry about all the bond buying, stimulus, ZIRP, and deficit spending. I saw someone said it like this: “The thinking seems to be: things are okay for now, not great, but okay. We will worry about the other stuff later and cross that bridge when we get to it. But for now, it’s equity buying time.” I hope you read the sarcasm in that statement. For we don’t know where all this stuff I just mentioned is going to take us. I have a very educated idea as to where It takes us, but we just don’t know. And that’s uncertainty folks. Which is why, in my opinion, Gold should be soaring right now. But it’s not, because not only are there “outside forces” suppressing the price of Gold, but there are also the Goldman Sachs, and Soc. Gens. Telling their clients to sell Gold, that all’s right on the night in the world. HUH? Well, that’s what they said, folks. Speaking of Gold, it’s flat to down a bit this morning, but that can turn on a dime as we all know too well. You know, there are a lot of people out there making the forecasts for a soaring Gold price, and I try to filter them down to the people I respect and believe their track record is good. Like the other day, when I featured analysis, author, James Rickards. OK. The teeter totter that kiwi is riding shifted back to kiwi strength last night, after a night of seeing it get sold like funnel cakes at a state fair on the news that Reserve Bank of New Zealand (RBNZ) Gov. Wheeler, was selling the currency. Last night, New Zealand saw the color of their latest employment report, and with the unemployment rate falling from 6.9% to 6.2% in the first Quarter, and Employment rose by 1.7% in the quarter VS the previous quarter. WOW! Now that’s a strong labor report! But don’t get too excited about the gains in kiwi overnight. I can see RBNZ Gov. Wheeler licking his chops that he gets to sell kiwi again, at profits! Remember, Wheeler made it perfectly clear on Tuesday night, that he had no problem going back to the selling window to sell more kiwi. I would simply steer clear here, for Wheeler and the markets are going to play this game of tug-o-war. and no reason to get caught in the middle of their game. The Aussie dollar (A$) also printed their employment data but for Australia it was just a monthly report covering April. Employment rose at a faster clip than forecast in April, with the consensus at 11,000 and the actual printing at 50,100, and the Unemployment rate ticking down to 5.5% from 5.6% in March. This data has also pushed the A$ higher this morning, and now the rate cut on Monday night seems to have gone out of the rear view mirror. And in China, the People’s Bank of China (PBOC) raised the fixing level for the renminbi / yuan to the highest level since dropping the peg to the dollar in July of 2005. Remember, when I told you a couple of weeks ago, that China had mentioned that the trading band for the currency needed to be widened? Well, it looks like the currency is now bumping up against the top end of the band, so a widening should be coming soon. And with inflation rising again in China (latest print was +2.4% up from the previous print of +2.1%) a stronger currency is needed to combat that inflation. OK. Madness.. and not the 80’s rock group (sorry Rick!) Madness is what’s going on these days in my opinion. I’ve got a real doozy for you in the Then There Was This section of the letter today. And that has Madness written all over it, and so does this which I came across yesterday. It was a story in the Washington Post, and the headline reads: “As Red Ink Recedes, Pressure Fades For Budget Deal”. OK. if you’re like me, and I’m sorry for that, but you’re probably scratching your head right now, and saying, “What kind of stupidity does that sentence reek of?” The premise of the article is that after 4 years of trillion dollar deficits, Federal Revenue is up and spending is down, so now the lawmakers that held trump cards in a summer deal on the budget, have lost their bargaining chips. What? You’re telling me, that just because tax increases went into place, and the automatic budget cuts are beginning to hit, that now we don’t have to do the heavy lifting any longer with the budget? Madness I tell you, simply Madness! Why. and this is just little old me thinking out loud here, but why wouldn’t we take this as an opportunity to really make a difference for the future? Not just sit back and say, “hey, we’ve done enough, no need to keep working”. That’s the kind of stuff that drives me crazy, folks. And I appreciate the ability to vent right here in the Pfennig. Hopefully, the venting, brings things to you, that you don’t normally hear about, and should be thinking about. Let’s call our representatives and tell them that now is not the time to sit back and think they’ve done enough! Speaking of Madness. I haven’t talked about Japan lately. And there’s always madness of some kind going on there! And today is no different! The Elliott Wave people are thinking that the yen has gone as weak as it’s going to go, for now, and that a rally back to 91 (currently near 99) is in the charts. I found this on the Bloomie this morning, and thought. See, this is where I just don’t agree with chartists. Throw the fundamentals out the window, and even with the bond buying going on, and Kuroda demanding a weaker yen, the charts show that yen is going to rally. Oh well, I guess we’ll have to see, but if you’re an Elliott Wave person, this is your shot. I saw a great cartoon yesterday, that was titled: Currency Wars: Who’s Winning? And it has the U.S. on one side of the fence with piles of dollars, and China on the other side of the fence with piles of Gold. Well, I know who I would proclaim as the winner! And speaking of the “Big Paper Sale” last month. The more I think about that, the more I think that maybe, just maybe, the players that put on that Big Paper Sale, shot themselves in the foot with the size of the sale. They truly unleashed a flood of physical metal buying that has been something to behold. Remember, for the past couple of years, I’ve told you repeatedly, that the only way we can stop this price manipulation is to buy physical metals. For, we know all too well, that the Regulators and the people that are supposed to be OUR watchdog, is turning away from this. What? Was it 5 years ago now that the CFTC decided to “look into manipulation”? 5 years? OK. Let’s go to the Big Finish, for my blood pressure is rising to dangerous levels! Then There Was This. Here we come again, ooh, ooh, ooh, catch us if you can, ooh, ooh, ooh Time to get a move on ooh, ooh, we can run with all of our might. Catch us if you can.. Catch us if you can. I read the following story on CNBC’s website yesterday, and then I couldn’t get that great Dave Clark 5 song out of my head! I think you’ll see why, here: “Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young said in a survey Tuesday. One in five of almost 3,500 staff quizzed in 36 countries in Europe, the Middle East, Africa and India said they had seen financial manipulation in their companies in the last 12 months, the accounting and consultancy firm said. In addition 42 percent of board directors and top managers questioned in the fraud survey said they were aware of “some type of irregular financial reporting. And despite scandals and regulatory failures in the wake of the credit crunch, almost a quarter of top financial services staff surveyed said they were aware of manipulation, and almost 10 percent of all staff said their companies had understated costs, overstated revenues or used unprincipled sales tactics.” Chuck again. Now do you see what I’m talking about? Oh, and you noticed that the story didn’t mention the U.S. and you think that stuff isn’t going on here? Think again, my friend. And Didn’t we experience all these Corporate Scandals at the turn of the century? Are we going there again? Sure looks that way to me! And add to this another story I found in the WSJ that plays well here. “Former Enron President Jeffrey Skilling and the Justice Department reached an agreement that would cut his federal prison sentence to as few as 14 years from 24 years.” For those of you that have forgotten about the Enron Corp Scandal, I suggest you Google it, and refresh your memory, cooking the books was the rate 13 years ago. And it’ll be coming to a company near you, soon! It’s not as if, these companies don’t have a mentor to learn from. The U.S. Gov’t has been cooking books since the mid 90’s. To recap. The currency rally from yesterday morning held throughout the day, and carried on in the overnight markets. The Aussie and kiwi dollars are the high flying currencies this morning, after both countries posted very strong Employment data, for April in Australia, and for the 1st QTR in New Zealand. The euro is flat to down a bit this morning, but did get good results from a Spanish bond auction this morning. China’s renminbi / yuan reached a high VS the dollar since the renminbi was removed from the peg to the dollar in July 2005. And we’ve done enough so there’s no reason to work any harder at reducing the budget deficit.. NOT! Currencies today 5/9/13. American Style: A$ $1.0230, kiwi .8460, C$ .9965, euro 1.3140, sterling 1.5560, Swiss $1.0685, . European Style: rand 8.9805, krone 5.7450, SEK 6.4980, forint 223.05, zloty 3.1390, koruna 19.6310, RUB 31.11, yen 98.80, sing 1.2285, HKD 7.76 INR 54.24, China 6.1925, pesos 11.98, BRL 2.0050, Dollar Index 81.95, Oil $96.27, 10-year 1.78%, Silver $24.06, and Gold. $1,469.56 That’s it for today. Do you have any friends that you keep in touch with that you went to kindergarten with? I do. and I’m going to meet up my oldest, in terms of years known, friend today. Robin and I were best friends during our high school years, he played quarterback, and I was the only receiver he trusted to throw the ball to. I’m looking forward to catching up with him, as it’s been about 3 or 4 years since we last saw each other. My beloved Cardinals come home from a successful road trip, hopefully the weather will turn warmer for this home stand. And I got to go see Delaney Grace’s pre-school spring program last night. Those little kids are so cute, waving to their parents and grandparents. Delaney was a duck, that got to shake her tail feather, so cute! Hey! Early notice to you. Sunday is Mother’s Day. Make sure you take care of your mother! Whew! I almost got emotional thinking about my mom, who I lost 15 years ago. OK. so, I’ll have more on that tomorrow. now, go out and have a Tub Thumpin’ Thursday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
If there’s one thing we’re grateful for on Shots, it’s our passionate, engaged audience. Our stories often prompt a lively response from readers and people who hear us on the radio. This was definitely the case with Monday’s look at the use of permethrin-treated clothing to prevent tick bites, which can cause a lot of nasty diseases.Permethrin is a synthetic pesticide that’s similar to natural compounds found in chrysanthemums. When you spray permethrin on your clothes, a study published in May found, it incapacitates ticks quickly, rendering them unable to bite.It didn’t take long for emails to come flooding in. Most were from concerned cat owners.”Permethrin is very toxic to cats,” wrote Charles Fischer, who lives in Chapel Hill, N.C. “Suggesting that people spray their garments with permethrin to prevent tick bites without a cat disclaimer is very dangerous.”Others agreed. “NPR has always been a wonderful source of great information,” wrote Colleen Scott-Jackson of Jacksonville, N.C. “I would hate to see any cats harmed because an important piece of information is left out of the story.”We certainly didn’t want any cat catastrophes, so we decided to look into this a little further. Here’s what we found.Cats are more sensitive to permethrin than other mammals, but cat lovers can still use the insecticide as long they’re careful about it, veterinarians say.”It’s the dose that makes the poison,” says Dr. Charlotte Means, director of toxicology at the ASPCA Animal Poison Control Center.The biggest problem for cats is when they are exposed to highly concentrated permethrin products meant for use in dogs, she says. These products may be 45 percent permethrin or higher. “Some cats will be so sensitive that even just casual contact with a dog that’s been treated will be enough to cause clinical signs, including tremors, seizures and in the worst-case scenario — death,” she says.But the concentration of permethrin in household sprays is much, much lower – typically less than 1 percent. And with concentrations of 5 percent or less, Means says, there are rarely problems.”Of course you can always get an individual [cat] who is more sensitive, but for most animals there are going to be minimal clinical signs,” she says.There are some simple rules that can help minimize the risk.”Don’t put the dog product on the cat,” says Dr. Lisa Murphy, associate professor of toxicology at the University of Pennsylvania School of Veterinary Medicine. She agrees that the most dangerous scenario for cats is an accidental exposure to a highly concentrated product meant for dogs. “Cats seem to be deficient in one of the primary mechanisms for metabolizing permethrin,” she says, which is why they are more susceptible to the chemical. If an animal “isn’t able to normally metabolize it, break it down and excrete it, it can build up and be more likely to cause problems.”If you’re concerned your cat may have been exposed to permethrin, the most common symptoms are skin irritations — redness, itching and other signs of discomfort. “The animal may be frantic if they have something uncomfortable on their skin,” Murphy says. “They may be scratching, digging and rolling because it’s uncomfortable.”These skin reactions are usually easily treated by washing the affected area with mild, liquid dishwashing detergent. If the cat fights back, you can take it to the vet for a bath.Other reactions to watch for are drooling or pawing at the mouth. “Cats seem particularly sensitive to bad tastes in their mouths,” Murphy says. This can be helped by gently rinsing out the mouth, or offering the cat some water or milk to take away the bad taste.But if you see signs of neurological problems — tremors, twitching or shaking — it’s time to take the cat to the vet right away.Even then, if there aren’t any complications, “the prognosis for a full recovery is excellent,” Murphy says.”The way I look at it, as a veterinarian, is it’s all about making choices,” Murphy says. Ticks, fleas, lice and mosquitoes do carry lots of diseases that permethrin and other insecticides can help prevent, she says: “All sorts of things that we wouldn’t wish on ourselves or our pets.”So the bottom line when it comes to permethrin and tick-bite prevention is: If you have a cat, be extra careful.If you’re spraying your clothes, do it somewhere the cat doesn’t have access to. And let the clothes dry thoroughly before you and your cat reunite.”If you are spraying a 1 percent concentration on clothing and it dries, it’s unlikely that you’ll see any problems with the cat,” Means says. To be extra cautious, don’t leave permethrin-treated clothing near where your cat sleeps. And make sure to change clothes after you wear them outside, so the cat can jump in your lap without you having to worry, she says.And it may seem obvious, but if you’re using a permethrin soak for your clothes, make sure the cat doesn’t drink from the bucket.Finally, read the label for the permethrin product you’re using. Check the concentration and use only as instructed. And before treating any animal directly with any insecticide, check with your vet first. Copyright 2018 NPR. To see more, visit http://www.npr.org/.
Image Credit: Bon Appetit By Dr. Ananya Mandal, MDMar 6 2019A new study looking at the long term effects of losing substantial amounts of weight has found that it could reverse type 2 diabetes in more than a third of the patients. With the rising epidemic of obesity and type 2 diabetes around the world, this could be an important finding. The participants of the study took a specifically low calorie diet comprising of just soups and shakes and a total of around 800 calories per day. They consequently lost substantial amount of body weight. In a third of the patients, this led to reversal of their type 2 diabetes and at the end of two years the patients remained in remission from their disease, the study called Direct found. The results of the study were published in the latest issue of the Lancet Diabetes & Endocrinology journal.According to researchers this study shows that type 2 diabetes need not be a lifelong condition. Co-primary investigator of the study, Prof Roy Taylor from Newcastle University explained that type 2 diabetes now can proven not to be an “inevitably progressive disease”. He said in a statement, “We now understand the biological nature of this reversible condition. However, everyone in remission needs to know that evidence to date tells us that your type 2 diabetes will return if you regain weight.”For the Direct study the team included 49 GP practices across Scotland and Tyneside. Around 300 people with type 2 diabetes and a body mass index between 27 and 45 Kg/ m2 were part of this study. The participants were divided into two groups – half received standard care while the other half received only low-calorie formula meals that was up to 800 calories per day for 12 to 13 weeks of the study. After the study period the group on low calorie diet had a nurse or a diet advisor to guide them back to a normal diet. This helped them maintain the lost weight.Related StoriesDiet and physical exercise do not reduce risk of gestational diabetesUranium toxicity might have caused obesity and diabetes in Kuwait, finds new studyMetformin use linked to lower risk of dementia in African Americans with type 2 diabetesResults showed that at the end of the first year of the study, 46 percent of the participants on the low calorie diet reversed their type 2 diabetes. After two years from the start of the study, 36 percent were in remission from their type 2 diabetes, the study found. Over 64 percent of the individuals who lost over 10kg of their body weight were still free of type 2 diabetes after two years after having shaken it off.It was expected that some participants would gain back some of the weight that they had lost. Some of them gained weight between the first and the second year. Participants who were in remission after one year however stayed in remission and had a more average weight loss (15.5 Kg) compared to those who did not achieve remission (12 kg on an average). Remission was defined as a persistent HbA1c levels of less than 48mmol/mol (6.5%) without the use of any anti-diabetic medication.Study leader, Prof Michael E J Lean, MD from Glasgow University in a statement said, “People with type 2 diabetes and healthcare professionals have told us their top research priority is: ‘Can the condition be reversed or cured?’ We can now say, with respect to reversal, that yes it can. Now we must focus on helping people maintain their weight loss and stay in remission for life.”While the NHS England is planning on following NHS Scotland that has started schemes of calorie restriction for type 2 diabetics, experts have warned that more studies are needed to ensure safety of such interventions. They have warned that calorie restriction is not suitable for all individuals and should be done only under medical supervision and with adequate support. Diabetes UK, the charity that financially supported this study said, “We know type-2 diabetes is a complex condition and this approach will not work for everyone.” Source:https://www.thelancet.com/journals/landia/article/PIIS2213-8587(19)30068-3/fulltext
Citation: US teens drawn to social media despite ‘drama’ (2018, November 28) retrieved 17 July 2019 from https://phys.org/news/2018-11-teens-drawn-social-media-drama.html © 2018 AFP Smartphone-connected teens say they see more good than bad in social networks like Facebook, Snapchat and Instagram American teenagers remain generally upbeat about social media, saying it helps them feel included and connected, despite persistent problems of social pressure and bullying, a study showed Wednesday. Poll: Teens say social media makes them feel better 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. Explore further The Pew Research Center report found a strong majority of the 13- to 17-year-olds had positive rather than negative feelings about their social media experiences.The nationally representative survey found 81 percent of teens said social media makes them feel more connected to their friends.And 97 percent said they used at least one of the seven major online platforms that were queried in the survey.The survey also highlighted a number of the negative aspects of social media which have drawn attention recently including peer pressure and bullying, but said teens appeared to see more good than bad in their online experiences.More teens —71 percent to 25 percent—said that social media makes them feel included rather than excluded, confident rather than insecure (69 to 26 percent), authentic rather than fake (64 to 33 percent) and outgoing rather than reserved (61 to 34 percent).Many of teens also said social media can help them become more civic-minded and exposes them to greater diversity than in the offline world.Large percentages said social networks help them meet people with similar interests and making them feel more accepted.Still, 45 percent of teens say they feel overwhelmed by the “drama” on social media. Among those who have disconnected, more than three-fourths cited excessive “drama.”Some 43 percent said they feel pressure to only post content that makes them look good to others.Nearly half of the teens said they at least sometimes unfriend or unfollow people on social media.The survey did not ask about experiences with specific social networks but included data confirming that Facebook had been overtaken by rivals as the most popular social media application.It found Facebook-owned Instagram used by 72 percent of the teens, with Snapchat at 69 percent and Facebook 51 percent. Twitter was used by 32 percent.The report was based on a survey of 743 teens from randomly selected households between March 7 to April 10, with an estimated margin of error of five percentage points.
When a company performs well, we tend to evaluate its leader in way that is too positive. This induces us to attribute stellar performance to certain leadership skills. So, in the case of Steve Jobs, many will eulogise his visionary perfectionism, and the great risks he took in reinventing consumer electronics categories. Yet the evidence doesn’t back this up. The dirty truthThe one academic paper that has done a decent (econometric) job of identifying and quantifying the effect of individual leadership in corporate performance is this one from 2003. The two professors, Marianne Bertrand and Antoinette Schoar, from University of Chicago and MIT respectively, calculated that individual chief executives only contribute to between 2% and 4% of a company’s total performance. In other words, if Apple’s profit margin is 38%, Tim Cook would be able to add or detract 1.5% at most. The same is true in reverse of Steve Jobs’ achievements during his two periods at the helm (1976-85 and 1997-2011). We can’t attribute Apple’s once skyrocketing stock to his tenure because we don’t know what the alternative best-case scenario would have been. In my view, Apple’s problems are primarily caused by external events. Cook explains in his recent letter that, with the exception of the services business – which includes the App Store and iTunes and accounted for 14% of revenues in financial 2018 – all the other Apple businesses will be “constrained”. This means Macs, iPads, iWatches but most importantly iPhones, which accounted for 62.7% of total Apple revenues in 2018, compared to 63.4% in 2016. What is causing this constraint? The increasing competition from Chinese manufacturers such as Huawei and Xiaomi – but also from Google, LG and Samsung – has eroded the once dominant position of Apple in the smartphone market. Competition has been particularly damaging in emerging markets, which Cook is blaming on a strong dollar and weaker macroeconomic conditions – as opposed to any faulty Apple strategy in this part of the world. With respect to markets where the iPhone has enjoyed a more dominant position – especially the US – Apple recognises that customers don’t replace their devices as often as they used to. A recent report by BayStreet Research estimated that, while the average user upgraded her iPhone every 24 months as recently as 2015, by the last quarter of 2018 this holding period had jumped to 36 months. This is due to fewer carrier subsidies, according to Apple – but also, in my opinion, to the fact that the new devices do not have much more to offer. I use an iPhone 7, which I bought in 2016, and I am honestly not inclined to spend US$1,000 for I-am-not-sure-which new features on a newer version. I already get much more from my current device than I need. Apple’s problemIt worries me that Apple is a single-product company. Among its other revenues, iPad sales are one-tenth of iPhone sales eight years after tablets were launched. By comparison, Samsung mobile phone sales only represent 36.6% of its total revenues. Wearables by Apple are not taking off either – and the company is not monetising its platform business by selling customer data to the same extent as digital rivals such as Google, Amazon and Facebook.As I argued in an article in The Conversation a few weeks ago, the decline in Apple stock in recent months, down 37% since August 2018, reflects a change in market perception about the company’s ability to grow. Apple is no longer seen as a growth stock, but rather a dividend-paying, profitable company whose value is less based on a bright future than what is currently being delivered to its shareholders. The new financials confirm this view. Apple share price, 2010-19As Phil Rosenzweig explains in his book, Apple’s story is not a new one. Today we blame the current Apple management’s over-dependence on a single product for the problems with investors. Cook and his team will respond by diversifying through acquisitions, or betting more heavily on new territories, or even staying put with its current product offerings. Whether this works or fails, the management’s style of leadership will probably be disproportionately praised or criticised. It is always easy for analysts to be wise in hindsight. But the reality is that even the world’s biggest businesses are more vulnerable to external forces than we like to think. However the leadership reacts and whoever is at the helm, the effect is actually quite limited. This article is republished from The Conversation under a Creative Commons license. Read the original article. Apple has started the new year by disappointing investors with its first profit warning in 17 years. The company said that poor sales of its latest range of iPhones has helped to weaken its first financial quarter (September to December 2018). Apple now expects revenues of US$84 billion (£66 billion) with a gross profit margin of 38%, having initially expected between US$89 billion and US$93 billion. In the same quarter last year, Apple brought in US$88.3 billion on a gross margin of 42%. Citation: What is really eating Apple – and why Steve Jobs would not be doing a lot better (2019, January 7) retrieved 17 July 2019 from https://phys.org/news/2019-01-apple-steve-jobs-lot.html Provided by The Conversation Explore further Jobs worth? Credit: franz12 Apple delivers strong profits, but shares slip on outlook This revision caused the company’s stock to drop 10% to its lowest level in 21 months. It is time to find culprits, and I will not be surprised to see headlines like, “Tim Cook is not up to the Job(s)” or: “Seven years after Jobs’ death, Apple is starting to rot.” We mustn’t believe them, however. The reason why is explained in The Halo Effect, which was published by my colleague Phil Rosenzweig in 2007 – in my opinion one of the most important books in the history of management. Phil argues that perceptions of performance contaminate the assessments that we make about managers and leaders. He uses several examples, from Lego to Cisco to ABB, to show that a leader’s skills do not affect a company’s performance in a significant way. 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.
No question of engaging Opposition on Rafale deal: Sitharaman COMMENT Cong’s Singhvi draws filmi links to Rafale deal; reiterates JPC probe RELATED Cong accuses Centre of ‘compromising national security’ over Rafale deal SHARE SHARE EMAIL COMMENTS Published on September 18, 2018 judiciary (system of justice) The Supreme Court on Tuesday adjourned hearing on a PIL seeking a stay on the Rafale fighter jet deal between India and France.A bench of Justices Ranjan Gogoi, Navin Sinha and K M Joseph adjourned the matter till October 10.Petitioner advocate ML Sharma told the bench that he wants to file some additional documents in the case and therefore the matter should be adjourned.“You yourself circulated a letter seeking adjournment on the ground of ill health. Now you are saying that you want to file additional documents. We are simply adjourning the matter to October 10,” the bench said.In his petition, Sharma has alleged discrepancies in the fighter jet deal with France and sought a stay on it.Sharma has said in his plea that the inter-government agreement to buy 36 Rafale fighter jets must be quashed as it was an “outcome of corruption” and not ratified by Parliament under Article 253 (Parliament has power to make any law for implementing any inter-government agreement) of the Constitution.The petition has also sought lodging of an FIR and prosecution of Prime Minister Narendra Modi, former Defence Minister and present Goa Chief Minister Manohar Parrikar, business tycoon Anil Ambani and French armament firm Dassault, along with recovery of the amount.A similar plea was filed in the apex court in March this year seeking an independent probe into the Rafale deal and disclosure of the cost involved in it before Parliament. The plea, filed by Congress leader Tehseen S Poonawalla, had sought issuance of a direction against the Centre on why the Union Cabinet’s approval was not sought as part of the Defence Procurement Procedure (DPP) before signing the procurement deal with France on September 23, 2016.The Rafale deal is a defence agreement signed between the governments of India and France for the purchase of 36 Rafale fighter aircrafts in a fly-away condition as part of the upgrading process of the Indian Air Force equipment. The Rafale fighter is a twin-engine Medium Multi Role Combat Aircraft (MMRCA) manufactured by French aerospace company Dassault Aviation.Indian Air Force had advanced a proposal to buy 126 fighter aircraft in August 2007 and floated a tender. Following this, an invitation was sent to various aviation companies to participate in the bidding process.Poonawalla had claimed in his plea that the Ministry of Defence had withdrawn the 2007 tender for procurement of 126 fighter planes, while the deal announced for procurement of 36 Rafale fighter aircraft was altogether a fresh procurement.His plea said that in 2012, the deal for 126 fighter aircraft was proposed by the then UPA government, and out of the total of 126, 18 Rafale fighter jets were to be delivered by Dassault Aviation company in a fly-away condition, while the remaining 108 were to be manufactured in India at the public sector Hindustan Aeronautics Limited (HAL) under a transfer of technology agreement. SHARE defence equipment
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