The Glass Ceiling in Real Estate

first_imgThe “Glass Ceiling” in Real Estate Share in Daily Dose, Data, Featured, News More than one-third of Americans working in female-dominated industries such as real estate, healthcare, and education believe that the “glass ceiling” in their industry makes it more difficult for women to reach executive or senior level positions. This, according to a survey by Coldwell Banker Real Estate that examined the role played by women in leadership positions.The survey covered more than 2,000 employed U.S. adults to compare the leadership and professional ambitions of men and women who work in “female-dominated versus male-dominated industries as determined by data from the U.S. Bureau of Labor Statistics, to probe the causes of this gender leadership gap.”Citing the National Association of Realtors’ Member Profile Report, Coldwell Banker said that while women accounted for 63 percent of all Realtors® 57 percent men lead real estate companies as a broker-owner or a selling manager.”Women in real estate face an upward mobility challenge, and it’s our responsibility to help correct the gender leadership gap,” says Zoe Horneck, VP of Product Marketing and Communications, Coldwell Banker. “Our work has only just begun and we’re committed to ensuring that women across our network can envision a path to leadership and are given a variety of opportunities to exercise their leadership skills.”The survey revealed that 14 percent of men working in female-dominated industries held an executive level position compared with only 8 percent of women. The difference between the two? Seventy-five percent, the survey said.The problem, the survey found also stemmed from the fact that women were more hesitant than men to ask for a raise or promotion even if they met most or all the qualifications. In fact, men were 20 percent more likely than women to ask for a raise. They were also 32 percent more likely than their women-counterparts to say they had ambition of one day holding an executive-level position in their current industry.Men were also more satisfied with their pay than women, with 79 percent of the male respondents saying they were compensated fairly for their work against 70 percent women.However, there’s more agreement on diversity and inclusion at the executive level. The survey found that 64 percent of all employed U.S. adults agreed that working for a company that had female representation at the executive level was important to them. Forty-one percent of the respondents also said that at their company women had to work harder than men to earn an executive level position.Click here to read the full survey.center_img Coldwell Banker Real Estate HOUSING National Association of Realtors real estate 2019-02-05 Radhika Ojha February 5, 2019 1,291 Views last_img read more

Russia is on course to complete digital switchover

first_imgRussia is on course to complete digital switchover by 2017, according to broadcast infrastructure provider RTRS’s chief Viktor Pinchuk.Local press reported Pinchuk as saying that the country’s first digital multiplex would include the new public TV channel set to launch next year as well as a channel for regional services, while a competition for participation in a second multiplex would be held in the middle of December. The second mux will comprise 10 channels initially.Pinchuk said that a decision of switching off DVB-T transmssions during the first quarter of 2013 would be taken after the situation was analysed. However, it was likely the switch would be delayed slightly, he said.Pinchuk said there were currently 96 models of DVB-T2 set-top available on the Russian market.last_img read more

Sascha Pruter Pay TV operators will be best placed

first_imgSascha PruterPay TV operators will be best placed to manage the smart home on behalf of consumers, according to Sascha Pruter, head of Android TV programme management at Google.Speaking at the Multi-Network Solutions in the Real World Forum organised by content security provider Verimatrix at IBC, Pruter said the pay TV operators were best placed to expand their services beyond TV to “taking control of the house” because they have the customer relationship and can provide customers with a single number to call. “I think branding of pay TV operators will go towards a household brand rather than just a video brand,” he said.Addressing Google’s relationship with pay TV operators, Pruter said the first pay operators using Google TV as their platform of choice had launched Google Play stores on their TV services. “If we can come up with the right revenue model, [operators] can give consumers what they want while maintaining [their] own brand. For Google this is a partnership opportunity. Operators approach us and want to talk about these partnership opportunities,” he said.Pruter said that the user expectation had changed and consumers were used to going to app stores and getting things quickly. He said that one of the key requirements for operators is to be able to react quickly to trends. “The industry now seems to realise that reacting to changes has to happen fast to compete with the web and mobile,” he said.However, TV is still distinct from mobile, he added: “I don’t think all the principles from mobile apply to TV. Expectations of quality are very different. I’m much less tolerant of jitter on TV than when watching a YouTube clip while waiting for a bus.”Pruter said content regulations as well as rights issues needed to be challenged in many cases. “On the content side, yes, it take time to get rights but content owners are getting more used to things. They are realising that things in the way of consumers getting the content are harming them,” he said.Also participating in the session, Verimatrix CEO Tom Munro said that “one thing the operators can sell is trust” and that this would give them a role even in an app-centric world.Munro said that “the cord would become more difficult to cut” as operators move beyond video to applications such as home security.Speaking on the same panel, Francisco Saez Arance, service development director, global video unit Telefonica, agreed that OTT technology is enabling operators to innovate faster while maintaining the value of pay TV through legacy technologies. “We have to deal with complexity in the most open way that’s available,” he said. “As a pay TV operator with different operations, we are trying to leverage the existing assets and provide some unified layers that we brought from the OTT arena to provide unified experiences.” Saez said that the operator had “enough magical glue” coming from the OTT world to enable it to deliver consistent experiences.Saez said that Telefonica was leveraging cloud technologies to enable viewers to consume linear content in a non-linear way through features enabled by the cloud such as DVR and pause, leading him to use the phrase “flexilinear” to describe what is happening. He said that commercial agreements and contract rights are more challenging than technology restrictions in enabling all this to take place.Saez said that there is an issue about who controls user data and provides the user experience, including content search and discovery.“Some content providers are only providing access to services in a not very integrated way, but we are always looking to provide more value and looking at how to gather knowledge of their content assets and how to provide better recommendations. We integrate third party portals and their catalogues to provide value to their customers and it’s a question of the willingness of the content owners,” he said.last_img read more

As mentioned above sukuks are typically denominat

first_img As mentioned above, sukuks are typically denominated in the currency of the issuing country. No surprise, then, that Malaysian ringgit-denominated sukuks accounted for 63% of total issue value for 2013. What might surprise is that 15% of total issue value in 2013—US$28 billion—was sukuks denominated in US dollars, up from 13.9% in 2012. If the US Fed continues to make good on its promise to taper its QE program, and if US interest rates indeed rise, the dollar should continue to strengthen and benefit US dollar-denominated sukuks. Total sukuk issuance is estimated to reach US$70 billion in 2014, according to Moody’s. The governments and government-related entities in the GCC will be the main drivers of sukuk issuance going forward. Being based in Dubai, I can say anecdotally that it is once again on track to become the construction-crane capital of the world. With the real estate market rebounding strongly, development activity has started up across the entire city. In addition, a number of large-scale projects that were put on hold are now moving forward. Many of these new projects will be funded through sukuk issuance. The Dubai government has the explicit ambition to become the center of the Islamic economy. One potential way to profit from this growth will be the sukuk issuances from high-quality sovereign and government-related entities in the United Arab Emirates and other GCC countries. Ankur Shah is the founder of the Value Investing India Report, a leading independent, value-oriented journal of the Indian financial markets. Ankur has more than eight years of equity research experience covering emerging markets, with a focus on Southeast Asia. He has worked as both a buy-side investment analyst for a global long/short equity hedge fund and a sell-side analyst for an emerging markets investment bank. Ankur is a graduate of Harvard Business School. You can learn more about his latest views on global markets at the Value Investing India Report and follow him on twitter at https://twitter.com/AnkurShah47. Islamic finance remains one of the bright spots in the global financial industry post the 2008 financial crisis. Despite two decades of strong growth, the industry is now finally poised to break into conventional financial markets in the West. Islamic finance is comprised of instruments, infrastructure, institutions, and markets that apply Sharia rules and principles. You might be wondering how Islamic finance impacts you, if you’re based in a non-Muslim country. Increasingly it’s being viewed as an avenue of growth for global banks, as the industry caters to the world’s 1.6 billion Muslims. The advent of Islamic finance allowed devout Muslims the ability to access financial products and services without compromising on their beliefs. As a result, total global Islamic banking assets are projected to surpass US$2 trillion in 2014. The Islamic finance sector is primarily comprised of Islamic Banking, Sukuk (Islamic Bonds), Takaful (Islamic Insurance), and Islamic Mutual Funds. The geographic centers of Islamic finance are primarily in Asia (Malaysia and Indonesia) and the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). At its core, Islamic finance is governed by fundamental principles outlined in Sharia law. The main distinction between conventional finance and Islamic finance is that the latter prohibits riba (usury/interest). Thus, virtually all Islamic finance products are based on the principle of risk sharing as opposed to risk transfer. For example, an Islamic mortgage transaction would entail the bank purchasing a property and then reselling it to the homebuyer at a fixed profit. The buyer would then have the option to make the payments in installments. However, due to the concept of risk sharing, the bank could not charge additional penalties for late payments but would retain ownership until the loan was paid off. Global Investors and Islamic Finance For global investors, the sukuk (Islamic bond) market is probably the area of greatest interest within Islamic finance. The sukuk is an asset-backed security, which represents ownership in a tangible asset. With a sukuk the initial face value of the bond isn’t guaranteed. Unlike a conventional bondholder, a sukuk investor shares the risk from the underlying asset. In practice, some sukuks are issued with repurchase guarantees, which would result in the investor receiving face value at maturity, much like a conventional bondholder. However, not all Sharia scholars agree this structure is Sharia compliant. Traditionally, governments and government-related entities in Asia and the Gulf Cooperation Council (GCC) issued sukuks denominated in the local currency to domestic investors. However, increased demand from global investors has led to increased cross-border issuance from non-traditional sources. Last September, rating agency Moody’s observed, The year 2014 has become a landmark year for sovereign sukuk, with the UK issuing its inaugural sukuk, and with Hong Kong and South Africa expecting to conclude sales in September 2014. All three are major non-Islamic countries, and the transactions indicate a significant change in the potential size, depth, and liquidity of this market. This move into sukuk finance by countries with populations that are not predominately Muslim marks a shift in the long-held perception that Islamic finance is the domain of Muslim countries. In an effort to assist countries that seek to issue sukuk, Islamic institutions like the Islamic Corporation for the Development of the Private Sector offer help with the structure of sovereign sukuk finance. Malaysian Dominance Malaysia dominates the sukuk finance sector both on a new issuance and outstanding basis, as shown in the following charts.last_img read more

Dr Abdulkadir Abdirahman Adan who is from Somali

first_imgDr. Abdulkadir Abdirahman Adan, who is from Somalia, trained as a dentist in Pakistan. When he returned to Mogadishu, in 2006 to begin practicing, he was distressed by what he saw: People getting hurt or killed near his office in Bakara Market, the result of a long-running civil war in his country.”The people were using wheelbarrows for taking victims to the hospital. Even pregnant [women] were taken in wheelbarrows to the hospital,” he says.”I asked myself, ‘What can I do?’ I decided to start my own ambulance, a free ambulance,” he says.He called it Aamin Ambulance. (“Aamin” is Somali for “faithful.”)At first, the health workers treated people who were hurt in accidents or the ongoing violence. The organization now helps treat and transport pregnant women and patients with chronic illnesses – anyone who needs to go to a hospital. People in Mogadishu dial 999 to reach a dispatcher.But after 12 years, Adan, age 45, says Aamin Ambulance is in financial trouble. The service is funded by donations, and donations have not been enough to keep up with the services Aamin Ambulance provides. Adan says he spent $4,200 of his own money for the organization’s first ambulance, and Aamin grew as he solicited donations from businessmen, family, friends – even his own students.The United Nations Development Programme has donated walkie-talkies, he says.He says his service is the only ambulance in Mogadishu, a city of 2 million, that’s free. Currently there are 16 ambulances, but Aamin can only afford to operate 10 of them.”We will not close completely, but I think we will reduce the number of ambulances,” he says. “We will reduce the number of staff, we will reduce the time and hours of paramedics, and so on.”Aamin Ambulance staff can be the first to respond to an emergency. A year ago, a truck explosion attributed to al-Shabab killed more than 500 people and injured hundreds more. Adan, who sometimes drives an ambulance or serves as a paramedic, says he was one of the first people on the scene, where he saw “a lot of cars burning, collapsing buildings, and many people crying and saying, ‘Can you help us?'””We transported more than 250 people, and almost 80 dead bodies,” Adan says, adding that while the city has been relatively calm in recent months, an attack “can happen at any time.”Apart from the service provided at times of violence, Adan worries that if Aamin Ambulance is forced to reduce its operations further, people could die even when they need more routine care.”If they don’t get early response like an ambulance, they will be at risk,” Adan says. He adds that while some private hospitals may have ambulances, they can be difficult to access and cost money that patients may not have.”The only hope they have is the [free] ambulance,” he says.Adan says it costs thousands of dollars a month to run Aamin Ambulance, and that with more money, he could run all 16 ambulances. He sometimes takes donations in the form of fuel or tires to keep the organization running.And he chips in as well. “Before I pay my bill to the house,” says Adan, “I first pay to the ambulance.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

A note from the editor For nine years Disability

first_imgA note from the editor:For nine years, Disability News Service has survived largely through the support of a small number of disability organisations – most of them user-led – that have subscribed to its weekly supply of news stories. That support has been incredibly valuable but is no longer enough to keep DNS financially viable. For this reason, please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please remember that DNS is not a charity. It is run and owned by disabled journalist John Pring, and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS… Labour’s shadow chancellor has described the UK government’s decision to co-host a Global Disability Summit – less than a year after its record on disability rights was dismantled by the United Nations – as “the height of hypocrisy”.John McDonnell, a long-standing supporter of the disabled people’s anti-cuts movement, was speaking to Disability News Service (DNS) after addressing a rival grassroots summit organised by Disabled People Against Cuts (DPAC) in Stratford, east London.He said the government’s summit was an attempt to show that they were world leaders in disability rights “when they are clearly not”, but also “trying to argue that they could somehow influence or teach other countries how to treat fairly and equally disabled people”, which was “just outrageous.”McDonnell (pictured, outside the summit) said disabled people and their allies had worked hard to ensure that the UN’s committee on the rights of persons with disabilities had “the fullest information to be able to assess the government’s performance on its policies towards disabled people”.The result, last September, was “an outright condemnation of the role that the government has played”.He added: “It was the height of hypocrisy then for them to host this event.”He said the summit could have been so much more successful if there had been an “honest discussion about what’s happened to disabled people across the globe but also learning the lessons of what’s gone wrong in this country, and the lessons of what’s gone wrong are that disabled people have born the brunt of austerity”.He added: “If what came out of this summit was the admission by the UK government of their mistakes, at least something would come out of it. I doubt that that would happen.”He also said – as he has stressed previously – that he wants DPAC and other disabled people’s groups “to set the agenda for Labour when we go into power”.He told DPAC’s International Deaf and Disabled People’s Solidarity Summit that a Labour government’s policies would be based on the motto of the disabled people’s movement: “nothing about us without us”.He said: “This is not just an open door. It is a solid invitation: when we go into government, you all go into government.”The DPAC summit had heard from representatives of disabled people’s organisations in four countries – Bolivia, Greece, Malaysia and Uganda – each of whom described how they had fought oppression and discrimination (see separate story).last_img read more

Microsoft Launches Azure Cloud Computing in Kenya

first_imgAdvertisement Microsoft has launched Azure Cloud Computing in Kenya to address mass data storage and management challenges such as data loss and backlog that often causes system downtime’s.The new cloud infrastructure enables business owners deploy cost-saving information technology (IT) solutions that would otherwise be used on equipment.Microsoft Azure will extend business-consumer connection for a growing list of customers. – Advertisement – Microsoft’s executive Scott Guthrie said that as data and devices continue to proliferate, there is vast opportunity for businesses to tap into their data to make their applications more intelligent.“Through our offerings across applications, data and internet of things (IoT), and cloud infrastructure, we are enabling companies to innovate more easily and rapidly, using the tools and platforms they know and love,” Scott concluded.Via http://www.nation.co.ke/last_img read more

Walmart Adding Pickup Discount to OnlineOnly Products

first_img Senior Editor Walmart Adding ‘Pickup Discount’ to Online-Only Products –shares Next Article April 12, 2017 Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue If you order online, but opt to pick up your items from a local store, Walmart will lower the price. Walmartcenter_img Image credit: Alan Schein Photography | Getty Images 2 min read Learn how to successfully navigate family business dynamics and build businesses that excel. Matthew Humphries One of the biggest challenges facing retailers regardless of whether they are online only or have physical locations, is price. Consumers will always try and buy for the lowest price, which means profit margins are cut ever thinner to try and be competitive. Walmart is no exception to this rule, but the retailer’s latest discount idea trades a little customer convenience for potentially large savings.On April 19, Walmart is introducing Pickup Discount. It allows customers to claim a discount on products offered only through Walmart’s online store if they choose to pick it the items rather than having them delivered. The online purchase goes through as usual, but instead of a delivery to your door, the order ships to your local Walmart.The savings can be just a few dollars, for example, the Coleman 150 qt Heritage XP Marine Cooler is $111.49, but gets a $4.46 Pickup Discount. However, some items offer much bigger discounts, for example, the VIZIO SmartCast M-Series 70-inch 4K Ultra HD TV costs $1,698, but gets a $50 Pickup Discount. That’s on top of the $300 discount Walmart already applied to the list price. If you buy a number of these items together, you can see how the savings could stack up.For Walmart, the discounts can be offered because the most expensive part of shipping is the “last mile delivery costs,” meaning the trip to each home. By instead putting products on one of the company’s more than 6,700 trucks traveling to stores, it saves quite a bit of cash. For the customer, it’s a trip to Walmart, which many will be happy to do if they just saved tens or even hundreds of dollars.According to TechCrunch, the idea for Pickup Discount came from Jet.com’s Smart Cart technology. Walmart acquired Jet last year and quickly started taking advantage of how the company allowed consumers to save money with more purchasing options.Initially, around 10,000 products will be listed with a Pickup Discount available at more than 4,000 stores. By June, Walmart wants to get that to one million products. It also looks likely there will be multiple ways to get your item once in store, with the Pickup Tower vending machine likely playing a major role, as will curb side pickups. This story originally appeared on PCMag Register Now »last_img read more

Tesla Launches a 1500 Surfboard

first_img 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. 2 min read This story originally appeared on PCMag Fireside Chat | July 25: Three Surprising Ways to Build Your Brand –shares Only 200 boards were made available, and they sold out almost immediately. Matthew Humphries Tesla Launches a $1,500 Surfboard Image credit: Tesla via PC Magcenter_img July 30, 2018 Senior Editor Next Article Add to Queue Tesla Tesla made a few waves (sorry!) last night by quietly launching a very limited edition surfboard. It cost $1,500, only 200 have been produced, and unsurprisingly it sold out almost immediately.As Electrek reports, the surfboard was designed by the Tesla Design Studio with the input of Lost Surfboards and Matt “Mayhem” Biolos, who has been sanding and shaping boards since leaving high school in 1987. The top is black and the underside red, with both sides carrying Tesla branding.Tesla designed the board to use the same high-quality matte and gloss finishes you find on the company’s cars. The top (“the deck”) is covered in “Black Dart” lightweight carbon fiber, and Tesla car owners will be pleased to hear the surfboard fits inside the Model 3, S and X.Of course, it will only fit if you managed to buy one. As Tesla only decided to make 200 of the custom made boards, they inevitably sold out very quickly. Even those who were lucky enough to buy one will have to wait up to 10 weeks before their board gets delivered. One final disappointment: The fins you see on the bottom of the board aren’t actually included with the board.Tesla may be best known for its electric vehicles, batteries and green energy generation projects, but the company also offers a growing range of lifestyle products and apparel. Men’s, women’s and children’s clothes and hats are offered alongside scale models of Tesla’s cars, leather items, drinkware, tech and sports goods, which the surfboard falls under. One of Tesla’s best-selling lifestyle products is a $600 battery powered Tesla Model S for kids. Enroll Now for $5last_img read more

Bernie Sanders Has Named a Bill After Jeff Bezos

first_img –shares Bernie Sanders Has Named a Bill After Jeff Bezos Free Webinar | July 31: Secrets to Running a Successful Family Business Amazon Add to Queue 3 min read Nina Zipkin Next Article Entrepreneur Staffcenter_img It’s called the Stop Bad Employers by Zeroing Out Subsidies (BEZOS) Act. September 5, 2018 Learn how to successfully navigate family business dynamics and build businesses that excel. This story originally published on Aug. 30, 2018.Sen. Bernie Sanders is taking a closer look at how big corporations treat their workers, especially ones overseen by billionaires such as Amazon and Walmart. Here is what you need to know about the conflict between Jeff Bezos’s ecommerce empire and the senator who has built his platform on issues of economic equality.Sanders’s inquiryThe senator from Vermont posted a form on his website asking Amazon employees to share their experience of working for the company, particularly if they used public assistance programs.Sanders invoked Jeff Bezos in the explanation for why he was seeking these accounts, writing on his website, “Amazon is one of the wealthiest corporations in the world, and its owner, Jeff Bezos, is the richest man on the planet, worth over $155 billion. Despite this, Bezos continues to pay many thousands of his Amazon employees wages that are so low that they are forced to depend on taxpayer-funded programs.”While Amazon encouraged its employees to “to tell Senator Sanders their truth,” the company’s leadership also took issue with Sanders’s characterization of the fulfillment center working conditions, saying that the senator was making “misleading accusations.”Amazon’s responseIn a blog post addressing the inquiry, the company claimed that Sanders had not toured a fulfillment center despite invitations to do so.The post also included details about the company’s payment and benefits package, writing that the company created more than 130,000 jobs in the last year. ”Sanders claims that Amazon’s median U.S. salary is $28,446, despite the fact that we’ve made clear that this number is global and includes part-time employees,” the company wrote. “In fact, the median U.S. salary for full-time Amazon employees is $34,123. We encourage anyone to compare our pay and benefits to other retailers.”The post also criticized Sanders’s use of the term “food stamps” when referring to SNAP (Supplemental Nutrition Assistance Program), in part because the lexicon had been phased out in recent years and because those who were participating in the program included “people who only worked for Amazon for a short period of time and/or chose to work part-time — both of these groups would almost certainly qualify for SNAP.”Sanders’s legislationSanders and Rep. Ro Khanna on Sept. 5 introduced a piece of legislation called Stop Bad Employers by Zeroing Out Subsidies, or the Stop BEZOS Act.At the top of a press conference with Khanna, Sanders referenced Bezos, noting his net worth of $168 billion and that since the start of 2018, the Amazon founder’s wealth has increased by about $260 million daily, and proceeded to read from some of responses his office solicited from former and current Amazon employees who were participating in programs such as SNAP, Medicaid and subsidized housing.Sanders said the aim of the legislation was created to “have Mr. Bezos and the Walton family of Walmart and other billionaires get off of welfare and start paying their workers a living wage.” He added, “Specifically, this bill would establish 100 percent tax on corporations with 500 or more employees equal to the amount of federal benefits received by their low-wage workers.” Register Now » Image credit: Juli Hansen | Shutterstock Staff Writer. Covers leadership, media, technology and culture.last_img read more

McDonalds Could Fetch Up to 3 Billion for China and Hong Kong

first_img June 22, 2016 Add to Queue McDonald’s Could Fetch Up to $3 Billion for China and Hong Kong Stores This story originally appeared on Reuters Image credit: Reuters | Tyrone Siu Next Article Reuters 4 min readcenter_img McDonald’s –shares McDonald’s Corp. has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said.Buyout firms including Bain Capital, TPG Capital and Carlyle Group too are participating in the auction with a view to teaming up with Chinese strategic bidders, they said.The U.S. fast food company had announced in March it was reorganizing its Asian operations by bringing in partners who would own the restaurants within a franchise business. Competitor Yum Brands is also restructuring its China operations by spinning it off ahead of a likely IPO next year.The planned sale of China units by McDonald’s and Yum indicates they are seeking local partners who could help ward off growing competition from domestic rivals and also better manage public perception in the wake of food-safety scares that hit the two fast-food giants in the last few years.”Given the difficulties Western chains have had recently with public perception, local players have become a serious competitive threat,” said Elizabeth Friend, consumer foodservice analyst at Euromonitor International.Oak Brook, Ill.-based McDonald’s has hired Morgan Stanley to run the sale of about 2,800 restaurants in China, Hong Kong and South Korea, Reuters previously reported. The sale in South Korea is being run separately and it was not known if the same parties have expressed interest in that sale, the people added.As part of the deal, McDonald’s is offering a 20-year master franchise agreement to buyers, with an option to extend it by another 10 years.It has stipulated that private equity firms remain a minority partner in any bidding consortium, restrictions that discouraged some buyout funds from participating in the auction, the people added.Among those who were preparing to place first-round bids ahead of the June 20 deadline were Beijing Capital Agribusiness Group, which is McDonald’s current China partner, and GreenTree Hospitality, the people added. It was not immediately clear if they made the bids.McDonald’s will now draw up a shortlist of bidders for the next round in the coming weeks.Volatile EarningsMcDonald’s does not break out country-by-country revenue details but industry data shows it is China’s number-two fast food chain behind Yum, which operates the KFC and Pizza Hut chains.McDonald’s China and Hong Kong business posted about $200 million in earnings before interest, tax, depreciation and amortisation for fiscal 2016, and could be sold for about 15 to16 times its core earnings, taking the deal value to about $3 billion, one of the people said.But the earnings have been volatile, jumping from $65 million for 2015, which is likely to weigh on how some of the suitors could value the business, the people added. Some sources said the sale is likely to fetch around $2 billion.Officials at China National Chemical Corp. and technology and real estate firm Sanpower were not immediately available to comment, while Beijing Tourism said it did not know about the matter. An official at Beijing Capital Agribusiness said the company did not participate in the bidding. A spokeswoman for GreenTree said the company was not bidding currently.Bain, Carlyle and TPG declined to comment. The sources declined to be identified as the sale process is confidential.A McDonald’s spokeswoman said the company was “making progress” in the sale process. “As no decisions have been made, it would be premature to speculate further,” she said in an email.(Reporting by Denny Thomas and Saeed Azhar; Additional reporting by Tris Pan and Lindsy Long in HONG KONG; Editing by Stephen Coates and Muralikumar Anantharaman) Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Register Now »last_img read more

With 87 Surge in Customer Bookings Episerver Promotes Internally for CMO

first_imgWith 87% Surge in Customer Bookings, Episerver Promotes Internally for CMO PRNewswireJune 4, 2019, 2:51 pmJune 4, 2019 Episerver Digital Experience Cloud Continues to Realize Sizable Returns for Company, Customers and CareersEpiserver, the company transforming digital experiences, has promoted its own SVP of Worldwide Marketing Jessica Fardin to Chief Marketing Officer after four record years directing the global marketing organization including through a $1.16 billion acquisition of Episerver by Insight Venture Partners.Recently recognized in the 2019 DMN Marketing Hall of Femme—in which hundreds of nominations were received and only 15 women were named including female marketing executives from Citi, Deloitte and Frito-Lay—Fardin’s marketing teams contributed to an 87 percent uptick in net-new customers in North America, a 183 percent lift in new customer sales in Sweden and double-digit increases to the number of new logos in all other principal markets, year over year. Episerver also experienced a 30 percent hike in global cloud bookings in 2018. Five hundred-plus customers now run on Episerver Digital Experience Cloud, the company’s full product suite of connected solutions for content, commerce and campaigns recognized by industry analysts as a leader across product functionality.Marketing Technology News: New iPad App for Food and Beverage Professionals Takes Menus from Paper to Fully Digital in Less than an Hour“Episerver is experiencing a bookings boom thanks to years of strategic investment in our partners, people and products,” said Episerver CMO Jessica Fardin. “Those investments are paying off in the form of prospective customers initiating conversations with us, wanting to learn how we’re delivering an industry-high 443 percent return on investment as well as continued confidence in our customer base making the move to Episerver Digital Experience Cloud.“Plans for even further growth are in effect, and I’m honored to continue empowering our world-class team, including with extra head count and spend, so they can empower our customers to create world-class experiences.”Marketing Technology News: SAPO Adopts AppNexus’ Full-Stack TechnologyFardin, and the Episerver Digital Experience Cloud her team markets, brings a fresh, forward-looking approach to an industry accustomed to similar offerings and all-male executive teams—with women only accounting for 23 percent of C-suite members in tech. She joins Chief Information and Chief Security Officer Sue Bergamo and Chief People Officer Virginia Frazer in transforming these experiences, for everyone from employees to end-users. They are united in these efforts with colleague Karen Chastain, senior director, global alliances who, announced this week, has been recognized among the 2019 Women of the Channel by CRN, a brand of The Channel Company, for the fourth consecutive year. Chastain is instrumental in Episerver’s strategic partnership with Microsoft™ resulting in key campaigns such as Episerver’s inclusion in Microsoft Technology Centers, Episerver Digital Experience Cloud availability on Microsoft AppSource, and many other joint ventures with Microsoft and other key global alliances.“The success Episerver has experienced over the past 25 years is not done without critical partnerships and personnel and a cutting-edge product to support them,” added Fardin. “We’re thrilled to see Karen recognized once again for her achievements in the dynamic partner ecosystem which is made even better through the authenticity and vision she brings to it.”Marketing Technology News: Digital Shadows Reveals a 50% Increase in Exposed Data in One Year DMN Marketing HallEpiserverInsight Venture PartnersJessica FardinMarketing TechnologyNewsSVP Previous ArticleJeff Herrera Announced as Chief Marketing Officer at Annex CloudNext ArticleCHEQ Report: Online Ad Fraud To Cost $23 Billion Globally in 2019last_img read more

PGs Marc Pritchard and Brand Leaders from Taco Bell and LEGO Take

first_img“Advertising will not exist in the future”Mark Pritchard, Chief Brand Officer, P&G “Purpose isn’t just about interesting ads that have a point of view”Julia Goldin, Global Chief Marketing Officer, LEGO“Great value has purpose”Marisa Thalberg, Global Chief Brand Officer, Taco BellThe Economist Group (TEG) has returned to the Cannes Lions International Festival of Creativity with a programme of engaging debate and discussion led by The Economist journalists. In its third daily Wake Up With The Economist At Cannes Lions panel, Andrew Palmer, Executive editor, The Economist spoke with Marc Pritchard, Chief Brand Officer at P&G, Marisa Thalberg, Global Chief Brand Officer at Taco Bell and Julia Goldin, Global Chief Marketing Officer at LEGO.Discussing the future of traditional advertising, and the power of platforms and purpose, these three brand leaders offered fantastic insight into tough questions facing the industry- and we have compiled their responses below.Marketing Technology News: SessionM Demonstrates How to Turn Data into Loyalty at Salesforce ConnectionsThe future of traditional advertisingThe panel kicked off with Marc Pritchard provocatively arguing that “advertising will not exist in the future” and in order to survive against the age of ad blocking, it is necessary to “take the ad world and merge it with other creative worlds” to “reinvent advertising and engage people in a way that is useful and entertaining to a point where they look forward to the next engagement with the brand.” He suggested that brands will attempt to become more entertaining and part of stories that will bring what they do to life in an organic way.Julia Goldin then furthered the discussion by arguing that consumers will have more control over what they engage with which sets the bar very high for marketers and creatives, and only through the adoption of holistic engagement will advertisers begin to appease this control.Palmer then challenged the marketers on how this approach can get through the boardroom. Julia Goldin responded by arguing that it’s not a difficult conversation to have – as long as “marketers wake up to the fact that they have more tools than ever before to have these conversations.” Data can be an incredibly powerful tool to help make the case – but many make the mistake of “siloing people who understand data rather than saying we need to understand how to use data.”  She argues that it boils down to the fact that if there is a bigger ROI if you invest in this type of activity vs another – “everyone understands that.”The power of the platforms  When questioned on whether the digital platforms have too much power as part of the ecosystem, Julia Goldin pointed to the need for both platforms and the industry itself to take more responsibility. Saying“when you work with platforms separately – that isn’t to the advantage of the consumer or brands as you end up with a lot of repetitive messaging out there.” She expanded on the need for platforms to take responsibility to ensure the digital environment is safe for adults and kids.Marisa Thalberg said that as a business of scale, they need to partner with the largest platforms to connect with people who are there. She also spoke of their responsibility as a businesses of that size to hit the pause button literally and figuratively when needed. However, she also  argued that we should have  empathy as “the rate and size with which they have grown is unprecedented in history” bringing complex issues with them. Saying that she believed in the good intentions of the platforms but “at a certain point if it is not happening fast or thoroughly enough then as an ad community we need to say it’s not enough to say you’re trying.”Marc Pritchard, agreed on the need for shared responsibility saying, “are the platforms doing enough? none of us are doing enough” and said that he worried that by spending so much time talking about the platforms we were missing out on other important questions.Marketing Technology News: Actions, Not Words: The Economist Group Unveils Global Social Purpose Research at Cannes Lions International Festival of CreativityLooking towards purposeThe conversation then changed to address brand purpose, and how brands can be a source for good, to which Julia Goldin argued that “purpose isn’t just about interesting ads that have a point of view” but includes issues such as sustainability and digital safety. Marc Pritchard  took a similar approach by saying that “businesses and brands have a great effect on culture and sustainability, so we have a responsibility to act in a way that is good for the economy”. Marisa Thalberg offered another argument around affordability by saying that “great value has purpose”, especially when it comes to caring for employees.Tomorrow’s ‘Wake Up with The Economist’ panel, also moderated by Andrew Palmer, Executive Editor, The Economist, includes the following world-class line-up:·       Aline Santos Executive Vice President, Global Marketing and Chief Diversity & Inclusion Officer, Unilever·       Meg Farren, Chief Marketing Officer, KFC, UK & Ireland·       Suzanne Kounkel, Chief Marketing officer, Deloitte, USMarketing Technology News: AUDIENCEX Continues Momentum with 300% Revenue Growth and Strategic Leadership Appointments P&G’s Marc Pritchard and Brand Leaders from Taco Bell and LEGO Take on the Future of Advertising, Platforms and Purpose at Wake up with the Economist MTS Staff WriterJune 20, 2019, 11:00 pmJune 20, 2019 EconomistJulia GoldinMarc PritchardMarketing TechnologyNewsP&GTaco Bell Previous ArticleHot Topics Recap: Cannes Lions 2019Next ArticleNow We Know the Truth: Going All-Digital with AI Is a Mistakelast_img read more

Noise pollution in hospital impact quality and safety of healthcare

first_imgReviewed by James Ives, M.Psych. (Editor)Nov 19 2018In an editorial published today in the BMJ, researchers from King’s College London and the University of the Arts London (UAL) argue that it is a worsening problem, with levels regularly exceeding international recommendations.”Even in intensive care units, which cater for the most vulnerable patients, noise levels over 100dB have been measured, the equivalent of loud music through headphones,” said lead author Dr Andreas Xyrichis.Noise in hospitals is known to hinder communication among staff, causing annoyance, irritation and fatigue, and detrimentally impact the quality and safety of healthcare. High noise levels and noise-induced stress impact negatively on staff performance and wellbeing, compromising caring behavior and contributing to burnout.The team highlight that it can also impact a patients’ ability to rest, heal and recover, since it has been linked to the development of ICU psychosis, hospitalization-induced stress, increased pain sensitivity, high blood pressure and poor mental health.”We know hospital noise has disruptive consequences for sleep – machine sounds in particular have a greater negative effect on arousal than human voices. Post-hospitalization recovery is also compromised. For example, coronary care patients treated during noisy periods were found to have a higher incidence of rehospitalization compared to those treated during quieter periods,” explained Andreas.Patients report that hospital noise can have a cumulative effect on their hospital experience. Patients who are in hospital for several nights are left feeling trapped and stressed, leading to requests for premature discharge from hospital and heightened risk of trauma and readmission.The team from King’s and UAL believes that the following areas urgently need to be addressed to ensure significant progress in this slow-moving field: Source:https://www.kcl.ac.uk/ Noise is often incorrectly associated with high sound pressure levels (SPLs). Dripping taps for example, may register low SPLs yet still be considered noisy. Prioritizing SPL reduction does not ensure improved noise perception. Therefore, a new approach is needed, one that views the hospital soundscape as a positive and malleable component of the environment. There are a number of potential sources of noise in hospitals. Alarms, televisions, rattling trolleys, and ringing phones, as well as staff, visitor, and patient conversations. However, not all of them are perceived as noise by patients – for example, some find the sound of the tea trolley pleasing, associating it with receiving a warm drink. Research has also shown that some ICU patients welcome ringing telephones as a sign that they are not alone. So far ways to measure patients’ perceptions of noise are limited, and more research investment is needed in this area. Patients and families need clear information about likely noise levels during admissions, so they are better prepared in advance, and can consider simple solutions such as headphones with their own choice of audio content. Education for staff is also needed, to encourage a culture that considers noise reduction an integral part of safe high quality healthcare.center_img Related StoriesResearch finds link between air pollution and coronary heart disease in ChinaLiving environment, air pollution may be linked to increased risk of hypertensionInternational tourists are more susceptible to harmful effects of air pollution”Measures to tackle this problem have included ear plugs, noise warning systems, acoustic treatment panels, educational initiatives and noise reduction protocols, which have provided some benefit,” said Andreas.”However, so far, patients have been seen as passive recipients of hospital noise rather than active participants in its creation. It is essential that future solutions should have greater patient participation as a key feature.”Guides about potential ward sounds could also enhance patients’ understanding of their surroundings and increase relaxation. Sound masking – the addition of background, broadband sound optimized for particular environments to reduce noise-induced disturbance – has also been used widely in open-plan offices for many years and has recently shown promise for improving sleep in hospitals.”last_img read more

Pedal power the rise of cargo bikes in Germany

Florists, chimneysweepsBut the “workhorse of the 21st century”, as the Frankfurter Rundschau newspaper dubbed it, has yet to win over the masses.Just one percent of Germans own a cargo bike, a study released by the transport ministry in March found—although seven percent said they considered buying one.Becker believes this will change “in the next few years”. “First people need to be able to try it out” without spending 1,300 to 5,000 euros ($1,500-$6000) depending on the model, she said.Keen to promote the climate-friendly cargo bikes, several initiatives have emerged to lend them to companies and individuals for free trials. Last year, German firm Velogut began loaning them out to 150 companies in Berlin.Among the sign-ups have been photographers, coffee and pastry vendors, florists, chimneysweeps, beekeepers, Christmas tree deliverers and even a travelling anaesthetist.The federal government has also got in on the act by introducing a rebate of up to 2,500 euros for the purchase of an e-cargo bike with a load of more than 150 kilos, while Berlin authorities offer subsidies of 500 to 1,000 euros. Explore further Today Germany is Europe’s largest market for cargo bikes in terms of volume—with industry data showing sales for electrically assisted cargo bikes alone surged to 21,000 in 2017, 42 percent over the previous year ‘Protect us’But experts say the biggest roadblock to cargo bikes going mainstream is the lack of adapted infrastructure: safe cycle lanes, secure parking and easy-to-find repair shops.”If they want clean air, they have to protect us,” said Antje Merschel, co-initiator of a recent Berlin referendum on cycling policies.”We’re not going to risk our lives on a bike.”Online retailer Amazon has started using cargo bikes for deliveries, while shipping giant UPS has been running battery-powered freight bikes in German cities since 2012.But the big players in delivery are still waiting for bike manufacturers to catch up and mass-produce reliable low-maintainance models, which are so far mostly made by small, independent companies.There is also the complication of needing “micro-hubs” in often high-rent urban areas from where couriers can collect trucked-in goods for the final kilometres to the client’s front door.”For families, the bikes are here and they’re reliable,” said urban planner Francisco Luciano of the French cargo bike manufacturer Douze Cycles. “When it comes to cycle logistics, we’re still learning.” Bike-share companies are transforming US cities – and they’re just getting started Today Germany is Europe’s largest market for cargo bikes in terms of volume—with industry data showing sales for electrically assisted cargo bikes alone surged to 21,000 in 2017, 42 percent over the previous year.No sweatOver the years, cargo bikes have evolved from bulky two-wheelers that required serious leg muscle. Modern upgrades offer lighter frames and more spacious carriers, while e-cargo bikes have allowed the less physically active or those living in hilly areas to also jump in the saddle.Cargo bikes “now reach a wider audience, people who don’t want to arrive at work sweaty or aren’t especially sporty,” said Sophia Becker, a researcher at the Institute for Advanced Sustainability Studies (IASS) in Potsdam near Berlin.According to the European CycleLogistics project, a staggering 174 models of cargo bikes are now available, while some 50 brands vied for attention at Berlin’s International Cargo Bike Festival in April. Citation: Pedal power: the rise of cargo bikes in Germany (2018, May 2) retrieved 18 July 2019 from https://phys.org/news/2018-05-power-cargo-bikes-germany.html © 2018 AFP A desire to go green has been key to the rise of cargo bikes in a country where dozens of smog-choked cities are considering diesel driving bans to combat air pollution.”The diesel scandal is a major incentive,” said Arne Behrensen, one of the top promotors of cargo bikes in Germany, a mode of transport as old as the bicycle itself which refers to a two- or three-wheeled bike with a fixed load carrier, usually at the front.Financial incentives, more choice in models and the promise of zipping past rush-hour traffic in the bike lane have added to the appeal.”In the ’90s, we were happy to sell one a year,” said Gaya Schuetze of Berlin’s Mehringhof bicycle shop, one of the capital’s leading cargo bike centres.”Then we noticed more and more interest, first from families and then companies.”Commonplace in northern Europe until the mid-20th century, freight bikes were used to deliver everyday essentials such as milk, bread and newspapers.But these heavy, unwieldy bikes quickly fell out of favour and into oblivion as motorised vehicles gained ground.The cargo bike’s revival began some two decades ago in cycling-mad Denmark and the Netherlands, blessed with flat landscapes and comfortable bike lanes, before reaching Germany. Modern cargo bikes offer lighter frames and more spacious carriers, while electrically assisted ones allow the less physically active or those living in hilly areas to also jump in the saddle Whether they’re hauling parcels or children, cargo bikes are becoming a familiar sight in German cities as the nippy, clean alternative to cars and delivery vans—and shaking up urban transport in the process. Industry observers say the cargo bike craze has yet to run its course because “they can handle situations where a car previously seemed indispensable”, says Becker.”In an average European city, half of all motorised trips related to goods transport could be shifted to bicycle or cargo bikes,” Karl Reiter of the CycleLogistics project calculated in a 2014 study, based on journeys of a maximum of seven kilometres (4.3 miles) with loads of less than 200 kilos (440 pounds). Experts say the biggest roadblock to cargo bikes going mainstream is the lack of adapted infrastructure: safe cycle lanes, secure parking and easy-to-find repair shops The cargo bike craze has yet to run its course because “they can handle situations where a car previously seemed indispensable,” says green researcher Sophia Becker This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

The two who stole the show at the swearingin ceremonyThe two who

first_imgA view of the illuminated Rashtrapati Bhavan during the swearing-in ceremony on Thursday   –  RV Moorthy BJP national politics SHARE Published on A little-known Odisha MP shares spotlight with Modi May 30, 2019center_img national elections Two persons stole the show during the nearly two-hour-long swearing-in ceremony. The first of them may have been easy to guess: Narendra Damodardas Modi. But the second one was quite a surprise. When Pratap Chandra Sarangi, first-time Member of Parliament from Balasore, Odisha, was called upon to take his oath as Minister of State, a section of the 5,000-plus crowd was on its feet, clapping. Sarangi had been called 56th (out of 58) on the list, at the fag end, but the invocation of his name set off a frisson of energy. Sarangi contested the election with very limited resources. He used a bicycle and public transport to campaign. Sarangi was a surprise inclusion in the Ministry. Another surprise induction was that of S Jaishankar, the former Foreign Secretary. He had been given a seat in the first row. There are six women in the Ministry, accounting for 10 per cent of the total. Three of them have Cabinet rank; the three others are Ministers of State. The Ministry has four bureaucrats and one Army General. And going against expectations, it has only a small representation from West Bengal and Odisha, where the BJP performed better than expected. Four allies became part of the Council, but one partner, the JD (U), did not join; it is believed to have sought more than one ministerial post, whereas the BJP was willing to include one Minister each from all its allies.The President interrupted five of the Ministers who stumbled over their oaths. One Minister, G Kishan Reddy, ended with a ‘Bharat Mata ki Jai’ slogan. Anil Kapoor, Anupam Kher, and other film stars were present; but it was Mary Kom and Gautam Gambhir who got the most number of requests for selfies. Strikingly, cell phones were allowed to be carried to the venue. SHARE SHARE EMAIL COMMENT COMMENTSlast_img read more

Citigroup disappointed by South Africa investment

first_imgJohannesburg: Citigroup Inc invested to expand in South Africa. Now all the New York-based bank needs is deals.“We have in the two last cycles appropriated additional capital to continue to grow our business, but we haven’t seen as big a deal flow to be able to execute against that,” said Citigroup chief country officer Peter Crawley. “We’re very much sitting on the side and battening down the hatches, planning for a difficult scenario. But hands on today, eyes on tomorrow.”President Cyril Ramaphosa’s slow progress in returning the continent’s most industrialised economy back to growth is stunting takeovers and bond issuance and causing equity-related deals to plummet to record lows. His administration is also grappling with how to deal with power utility Eskom Holdings SOC Ltd, which has debt equal to about 8% of gross domestic product.South Africa is one step away from falling out of the World Government Bond Index, with only Moody’s Investors Service assessing the nation’s debt as investment grade — a rating due for review in November. The economy has shrunk four out of the past nine quarters, weighing on business and factory confidence. Spending by households, which accounts for 60% of GDP, remains weak, while the government’s expenditure continues to outpace income. {{category}} {{time}} {{title}} Tags / Keywords: World 29 May 2019 South Africa’s Ramaphosa to announce new cabinet – presidency A number of foreign investors are “sitting on the sidelines” waiting for clarity on Eskom and Moody’s, Crawley said. More also needs to be done to appease foreign direct investors on property rights, he said, as the country debates how to give the majority black population greater land ownership. “Challenges are policy certainty and growth.”While the value of mergers and acquisitions in the first half of this year rose 25% to 2.25 billion rand (US$160mil) from the same period in 2018, there were no deals of over US$100mil in the second quarter, according to data compiled by Bloomberg.— Bloomberg Related Newscenter_img Banking , Investment , Citigroup World 25 May 2019 S&P keeps South Africa in ‘junk’ status, sees post-election reforms Related News Business News 11 Jul 2019 London beats New York in drawing Saudi ETF investor billionslast_img read more