Mouthing off

first_img“If you want to enjoy good French bread, come to Taiwan!”Sacré Bleu! Taiwan’s ambassador to France hails his country’s victory over the heartland of the baguette at the international baking competition, The 2010 Master Bakers, held at the Europain show last month”There’s nothing that depresses me more than going into a library and being confronted by someone in authority who isn’t going to deliver the citizen-focused services I think should be on offer”culture minister Margaret Hodge, who has overseen a review of libraries, which proposes letting Starbucks into libraries reduces coffee culture to jargonlast_img read more

New partnership aids Apostrophe’s growth

first_imgBoulangerie-patisserie and café chain Apostrophe is focusing on its expansion within London, after announcing a new partnership with an independent catering group.CH&Co, which has now acquired a 50% stake in the business, will help the high street bakery and café chain to grow in the capital, as it looks to open two new outlets in the City’s financial district in 2012.Amir Chen, CEO of Apostrophe, told British Baker: “London is a big market and we currently have 14 locations here, aside from our Heathrow and Gatwick airport sites. There’s lots of room to grow and the new partnership with CH&Co, in addition to a franchising agreement with the company, will help us to access the fast-growing high street market further.”The companies have previously worked together on the Historic Royal Palaces contract, whereby Apostrophe opened up one of its kiosks at The Tower of London as part of a £60m deal won by CH&Co’s venue and public attraction brand Ampersand.Chen added: “The synergies between the two businesses will complement our plans to grow the Apostrophe brand throughout London. As we share similar objectives and attitudes towards food, to roll out our brand for some of CH&Co’s clients in closed markets would be ideal for the business’ future expansion. We are not a 60-shops-a-year expansion – we’re much more measured in our growth.”last_img read more

Live Nation Outlines New Security Measures For All Events Following Manchester Bombing

first_imgFollowing the horrific events of Monday night’s terrorist attack at the Manchester Arena in Manchester, UK, the massive entertainment company Live Nation has begun outlining new security measures to ensure fans’ safety at future shows. Live Nation issued a statement to venues and attendees that noted that “Due to enhanced security procedures, no bags or backpacks will be permitted into the venue except for small personal bags or purses (12″ x 12″x 6″ max) or clear 1 gallon bags.”This new policy closely mirrors that of the NFL for entrance into football stadiums though Live Nation’s new rules are slightly less stringent—the NFL requires that bags going into stadiums must be both clear and not exceed 12″x 12″x 6″. While the guidelines are not necessarily surprising, they inevitably will have an impact on the speed for which fans can enter Live Nation shows, concerts, or festivals. Unsurprisingly, the statement also noted that all bags will be subject to search. However, in order to cut down on search times and the subsequent lines they produce, Live Nation noted the availability of express “no bag” lanes, stating “we encourage you to not bring in any bag whatsoever.” For outdoor shows, Camelbaks and other water-holding receptacles must meet the new bag dimensions and be completely empty of water for entrance.Live Nation Offering “Festival Passport” That Gives Access To Dozens Of Huge Festivals This Year For $799A few weeks ago, Live Nation made waves across the music-loving community by offering a limited number of “Festival Passports” to concertgoers this summer. The passport gives access to the vast majority of Live Nation’s expansive list of festivals, which includes Austin City Limits, Bonnaroo, Electric Forest, Camp Bisco, Lollapalooza, Peach Music Festival, Sasquatch, and a number of other multi-day events. Obviously, these new security measures will be in effect for dozens of high-volume festivals this summer in addition to the countless shows that go down across the country at Live Nation venues. However, some festivals, like Bonnaroo, have already come forth and begun issuing statements that reiterate the safety of their attendees while also pushing back on some of the restrictions (specifically those for Camelbaks).The full effect and duration of Live Nation’s new security procedures are unknown, as many venues have previously beefed up security in the wake of a terrorist attack only to have them slowly ease up over time. However, it’s possible that security procedures such as these may become the new standard for many music events. Inevitably, there may be a learning curve for staff and fans alike as they learn to implement these new security measures, which will probably result in an uptick of wait times, so plan accordingly.last_img read more

Answering the bell

first_imgCautioning that “you don’t get what you don’t fight for,” U.S. Sen. Elizabeth Warren (D-Mass.) came to the Science Center Saturday to urge Harvard College students concerned about issues such as economic inequality, racial justice, and immigration reform to get off the sidelines and get into the game in such fields to make a difference.Warren, who joined the Harvard Law School faculty 20 years ago before her election to the Senate in 2012, suggested that her life’s unusual trajectory from Oklahoma schoolteacher to one of the most powerful voices in American politics was strong proof that anyone can make a difference.“I didn’t go to Washington to be the most popular girl in the Senate,” Warren said when asked if she and other congressional Democrats, now the minority party, intend to obstruct a Republican legislative agenda. “I went there to fight for what the people of the commonwealth of Massachusetts sent me to fight for.“Understand this: We are losing this country. This American ideal, this notion that the daughter of a janitor could go to a school that costs $50 a semester and work hard and play by the rules and become a United States senator — those opportunities are not there for kids growing up today,” she said as part of a keynote address during “Public Interested,” a daylong conference for undergraduates thinking about careers in public service.“The good news is we know what to do about it. The bad news is right now we don’t have the will to make the changes. And the only way we’re going to have the will to make changes is if we’re willing to get out there and fight for them.”Now in its fourth year, the conference is a broad, collaborative effort by the Center for Public Interest Careers, the Harvard Alumni Association, the Institute of Politics, the Office of Career Services, the Office for Sustainability, the Phillips Brooks House Association, and the Public Service Network that caps off Wintersession.“What we try to say at this conference is that there’s great privilege in being at Harvard, and we all have a responsibility to be good citizens when we graduate. There’s a lot of ways to do good in the world, but for students whose primary passion is public service, we’re committed to helping them to figure out how to follow that passion professionally,” said Gene Corbin, assistant dean of public service at Harvard College, who oversees the event.Warren advised students to follow their hearts, but to keep their minds open to new and unexpected options.“Don’t have such a narrow vision that when doors open that look sideways and at awkward angles that you don’t have the courage to step through them, because that is where you truly get the opportunities to make a difference,” she said.The conference was created to address what Corbin says has been a growing interest among students to learn about and consider public service as a career. According to data from the annual senior survey, 8 percent of students planned to go into government or military service, or work at a nonprofit or nongovernmental organization (NGO) in 2014, compared with 4 percent in 2013.Nearly 200 alumni working in 10 career tracks, including public and global health, government, public policy and military service, education and youth work, and human rights and public-interest law, spoke candidly to more than 300 students about what it’s like to work in their fields, whether students can make a living doing public-sector work and, as they approach graduation, how they can find jobs. “Public-service-work recruiting is typically less predictable and structured” than the financial services and consulting fields, and can be hard for students to effectively navigate, said Corbin.Since the program’s inception, Corbin said, “A common refrain from alumni when they’re advising students is to talk about a willingness to take some risk — because the path is not as structured — combined with the assurance that if public service is your passion, there is a way to make a decent living and find meaningful work.”Maribel Hernandez Rivera ’04, an immigration attorney with Immigrant Justice Corps who returned to campus to advise students curious about such work, said that when she was an undergraduate she wasn’t aware of public service as a career.“What I remember is there was a lot of emphasis on Goldman Sachs, Morgan Stanley, McKinsey [& Co.], and I tried that,” she said. “I did it for two summers and had a great experience, but my heart wasn’t in it. I always knew I wanted to do immigration work. But I didn’t see other people going into the field, and so I kind of wondered: Is that a waste as a Harvard graduate? Somebody paid for my education. Is this how I should be spending their money — in this kind of field?”Hernandez Rivera said Immigrant Justice Corps counts several Harvard alumni among its executive ranks and plans to hire 20 to 30 new college graduates this year. “It’s just really exciting to see that, in fact, yes, it is a good investment to use my Harvard degree to do public interest.“I want people to know the value. It might not be monetary compensation, but it really is happiness, in feeling like ‘this is why I went to Harvard,’ to be able to use that education to help other people, just like other people helped me to get here,” she said.Elizabeth Warren was a Radcliffe Fellow in 2001-02.last_img read more

Fridays on the Fly: A Private River Runs Through It

first_imgResorts and landowners are blocking river access to anglersSolitude is a good thing when it’s just you, a fly rod, and an Appalachian stream—which may explain why some resorts and private landowners are inclined to add “No Trespassing” signs to the streamside ambience.A few recent steps in that direction on the upper Watauga River reflect how the trend is playing out in the North Carolina High Country.Five years ago, a rushing, rocky stretch of popular public-access river was posted with “No Trespassing” signs. Once managed and stocked by the North Carolina Wildlife Resources Commission, the river near Hound Ears Club sprouted “towing enforced” signs and roadside boulders to eliminate parking. The once idyllic sight of anglers casting near the upscale resort largely disappeared until 2016, when Hound Ears officially opened a new private fishing area where “members, property owners and guests may enjoy a picnic meal or grill out at the designated table in full view of this picturesque stream.”That closure deleted the public from a popular piece of what Hound Ears boasts is “one of the top-rated rivers in North Carolina for fly-fishing.”Already privatized adjacent properties on this prime section of river range from a Christian alcohol rehabilitation facility to the Twin Rivers development, both of which stock the river for paying guests or members.Twin Rivers attracted attention to a growing regional trend last winter with an explosion of metal signs along N.C. Highway 105. One large sign dangles on cables over the river and asserts its exclusivity. Resort expansion in the area has also closed other once publicly accessible fishing sites, among them Blowing Rock’s Chetola Resort.Photo: Randy JohnsonStream privatization received added attention recently when local fly fishing outfitter Patrick Sessoms spoke out against the practice in last fall’s Boone Film Festival.Since starting Due South Outfitters eight years ago, Sessoms says “there are a lot of places that are no longer accessible.” He faults a few factors, including landowners “who turn their property into a cash cow by privatizing streams for private trout fishing clubs, and resorts that market trout fishing in the Southern Appalachians, but that’s not what you get,” he maintains. “We call it country club fishing. It’s like turning streams into trout ponds.”The trend, Sessoms says, “stokes the egos of Instagram celebrities who post pictures of whale-sized, pellet-fed trout that no one would ever net on a real stream.” Sessoms guides exclusively on streams accessible to the public so his clients “know what the public fishing experience is like and can duplicate it, instead of just experiencing someone’s private honey hole.”The problem is not just limited to the High Country of North Carolina. Streams across Southern Appalachia are becoming increasingly privatized, which makes public lands and waterways even more important. Gil Willis and wife Mary own Elk River Touring Center in Slatyfork, W.Va., a 150-acre former homestead with an inn, restaurant, and access to a long stretch of the Elk River for fly fishing. Willis expects that there will be less access to private land and streams in the future due to the increasing pace of development throughout Southern Appalachia. “West Virginia is lucky,” Willis says. “If we didn’t have all this public land, it’d be a different story. Here in Pocahontas County, it’s 64% state and federal land. No wonder it’s called the birthplace of eight rivers.”Outfitters and guides may play their own role in the problem, says Doug Besler, Mountain Region Fisheries Supervisor for the N.C. Wildlife Resources Commission.Photo: Randy JohnsonOutfitters and guides may play their own role in the problem. Doug Besler, Mountain Region Fisheries Supervisor for the N.C. Wildlife Resources Commission, noted that many outfitters and fishing clubs are now leasing a section of river and stocking it.” He’s not sure if that accounts for loss of public access to other streams, “but it’s a factor.”Southern Appalachian resorts have long commercialized fly fishing. The resort town of Linville got its start in 1892. Angling images from that era still adorn the chestnut-paneled walls of Eseeola Lodge. For a fee, public lodge guests can cast on a private five-mile stretch of the Linville River. Under the director of outdoor programs Alan Burchell, anglers have a full range of rentals and lessons to enjoy as they fish reservable sections of the river called beats. Linville’s seventeen beats lie between Grandfather Golf and Country Club on the north and southerly Linville Land Harbor.The private status of the river was more noticeable recently when stream habitat improvements were undertaken, including deepening pools, improving oxygenation, and eliminating two nearby ponds that fed warm water into a stream that trout prefer to be cool.Burchell touts these improvements as “some of the good things that come with having a private part of a stream. We can truly mandate that anglers use barbless hooks and practice catch and release.” And the benefits, he asserts, flow downstream.Ensuring the exclusivity of such private waters and compliance with the rules requires security that can range from video surveillance to hired wardens who patrol daily and even at night.“Fifteen years ago, there was more water available to the public,” admits Burchell, a longtime Southern Appalachian angler. “We’re becoming more limited on put-ins and takeouts, too.” That limitation also affects paddlers and swimmers. Uncontrolled parking beside an overly popular swimming hole were factors in the Hound Ears river closure.Photo: Randy JohnsonWildlife officials stress that anglers can help forestall exclusion from private land by being courteous to property owners and being sure that they park discreetly, close gates, don’t litter, and ask when uncertain.“Back in the 1950s, there were large tracts with single family owners, and the fishermen knew the owner,” says the N.C. Wildlife Resources Commission’s Doug Besler. “Things have certainly changed.” Over time, large tracts were broken up and development has increased. “We’ve definitely seen a trend of decreasing access.”Privatization may sound bad to some eco-types, says Besler, but “most hatchery-supported streams are on private land with access to the public through the sheer generosity of landowners. Each year they permit us to stock 1500 miles of streams in North Carolina with almost a million fish. It’s a wonderful partnership with private citizens.”“I’m just thrilled we have 300 miles of public waterways,” adds Alex Dale, owner of Highland Outfitters in Linville and Foscoe Fishing Company. “We have more people on this planet than we did ten years ago, and a bigger portion of those people may have just started fishing.”But keeping streams open remains an uphill battle given the misperceptions out there. “Many landowners think they’d be liable for granting access, so the natural instinct is to post the property,” concludes Besler. “But the law in North Carolina is clear—landowners are not liable for fishermen and hunters on their property.”Anglers, too, have blind spots. In some states, you can fish any stream below the high-water line, but “that’s definitely not the case in North Carolina,” assures Besler. “The landowner owns the bottom of the stream. The water and fish are public trust. People are surprised by that.” Many also think they have access to any “navigable river,” but even “that’s a big source of confusion. Maybe that’s the French Broad in Asheville,” but not mountain streams, even in a kayak.Cynicism and outrage are understandable with exclusion of the public, but there are positive developments. Two new sections of the Watauga have also been designated for public access and stocked by the N.C. Wildlife Resources Commission, including the mile-long ribbon centered on Valle Crucis Community Park, a privately owned, non-profit-run parcel. Two Watauga River put-in parks are being developed. And Boone’s expanding greenway system and Brookshire Park, both on the South Fork of New River, permit trout fishing inside of town.“Public access is vital to conservation,” says Watauga Riverkeeper Andy Hill. “The more people who enjoy the resource, the more people who will want to protect it.”last_img read more

Quick Hits: Exercise May Keep You 30 Years Younger + Seismic Blasts Approved for Atlantic

first_imgExercise May Keep You 30 Years YoungerA new study in the Journal of Applied Physiology suggests that exercise my keep you 30 years younger. The study took a look at a group of active men and women, many in their 70s, who have been exercising for decades and compared them to a group of age-matched older people who had not exercised in adulthood and a third group of active people in their 20s. The study found that the muscles of the older exercisers had as many capillaries and enzymes as the younger people’s muscles, and much more than the muscles of their sedentary peers. Though the active group of elderly people did have lower aerobic capacities than the group in their 20s, their capacities were about 40 percent higher than their inactive peers and researchers calculated their cardiovascular health was that of people 30 years younger. The study suggests that regular exercise may help us evade physical frailty later in life. Underwater Seismic Blasts that Could Harm Sea Life Approved by Trump AdministrationThe Trump Administration has approved requests from five companies to survey for oil and gas under the floor of the Atlantic Ocean using airgun arrays. During seismic tests, surveyors send extremely loud bursts of air through the water every 10 to 12 seconds to produce shock waves. Tests can go on for weeks to months and are immensely disruptive to marine animals like sea turtles, dolphins and the endangered North Atlantic right whale. Though precautions will be put in place to minimize harm to marine life, critics say they are not enough. For instance, blasts will be prohibited within 56 miles of endangered marine mammals but sounds from airgun blasts can travel up to 2,000 miles through the water. Many state officials also condone the plan due to its impacts on commercial fishing and potential damage to coastal tourism industries in the event of an offshore drilling disaster. The Bureau of Ocean Energy Management must still approve testing but the bureau is expected to OK the process. Right Wing Activist tries to Infiltrate Sierra ClubLast April a man named “Earl White” began volunteering one morning a week at the Sierra Club’s Angeles Chapter stuffing envelopes and answering phones. A few months later, that man allegedly approached the campaign of Jon Tester, incumbent Democratic senator from Montana, presenting himself as the fundraising coordinator for the chapter. According to ThinkProgress, “He was so persistent in his requests for time with Tester’s campaign that staff contacted the Sierra Club’s national office to ask about him.” A short time later, the Sierra Club received a tip that it may have been infiltrated by a right-wing operative associated with James O’Keefe’s Project Veritas, which targets left leaning politicians, activists and institutions with deceptively edited videos. Indeed, “Earl White” was Ernie White, a right-wing commentator, climate change denier and Trump advocate. White also infiltrated the campaign of Arizona’s Democratic senatorial candidate Kyrsten Sinema. The Sierra Club believes that White was using his involvement in the organization as a cover for further infiltrating key political campaigns.last_img read more

CDC: H1N1 spreads about as readily as seasonal flu

first_img Early in Mexico’s H1N1 epidemic, some studies suggested that each person sick with the new virus was spreading it to many others, Jernigan said. Transcript of May 20 CDC news briefing However, “The more we look at it here in the United States, what we’re seeing is the attack rates really coming in at about what we would see with seasonal influenza,” Jernigan said. At a news briefing, Dr. Daniel Jernigan, deputy director of the influenza division at the Centers for Disease Control and Prevention (CDC), said it appears that the new virus has about the same attack rate as seasonal flu. The attack rate is the proportion of people who come down with the illness after being exposed to someone who has it. See also: May 20, 2009 (CIDRAP News) – A federal influenza expert said today that the novel H1N1 flu virus seems to spread at about the same rate as seasonal flu viruses do, even though much of the population is believed to have little or no immunity to the virus. From the studies so far, the transmission both within households and within communities seems to be about the same as with seasonal flu, he said. In other comments, Jernigan said the production of this year’s seasonal flu vaccine is nearly complete. He added that the CDC still hopes to have candidate H1N1 viruses ready to send to manufacturers at the end of this month for use in the possible production of H1N1 vaccines. He said older people most likely were exposed to H1N1 viruses—distant cousins of the new virus—before 1957, “and there’s a possibility that having exposure to that virus many years ago may allow you to have some reaction to the new H1N1 that’s now circulating.” Jernigan said it’s not yet known just how much protection older people may have. He added that the CDC will be reporting in more detail on the topic in an upcoming issue of Morbidity and Mortality Weekly Report. May 6 CIDRAP News story “Fewer senior swine flu cases may hint at protection” Jernigan also commented on the possibility that older people have some protection against the new virus because of exposure to H1N1 viruses decades ago. In a report earlier this week, a World Health Organization advisory group said older adults were shown to have neutralizing antibodies to the new virus. Jernigan said this statement in the report was probably based in part on CDC serology studies. “From a policy standpoint, we expect this to be spreading the same as we would see with seasonal influenza, but again, remember that a larger portion of the population may have absolutely no immunity or any protection for this one, which is different than what would happen through normal seasonal influenza,” Jernigan added.last_img read more

Exit of Indonesia’s tech whiz kid is a warning to startups

first_imgYet some of his backers had doubts Zaky was the right person to lead Bukalapak given its current complexity, people familiar with the matter said. That may surprise industry observers for whom Zaky’s name had become synonymous with Indonesian e-commerce. He acquired something akin to folk hero status because, unlike many fellow founders, the self-effacing executive from a Java village made it big without Ivy League degrees or billions from the likes of SoftBank Group Corp.Read also: Bukalapak co-founder Achmad Zaky steps down as CEOHis departure in January sent a signal to Southeast Asia’s largest startups, which unlike Silicon Valley remains largely founder-driven. From Grab’s Anthony Tan and Tan Hooi Ling to Tokopedia’s William Tanuwijaya, they rode a funding boom fueled by a mobile explosion to create some of the world’s largest tech startups. But they also burned enormous amounts of cash in pursuit of growth. Now that economic uncertainty is squeezing funding and WeWork’s epitomized the perils of placing expansion above profitability, the time has come for corporate mavens to take the reins, some argue.“It’s the coming-of-age” of Southeast Asia’s tech scene, said Paul Santos, managing partner at Singapore’s Wavemaker Partners. “It’s the end of an era of unbridled ambition and hopefully the beginning of a period of sustainable growth.” Unlike Uber’s Travis Kalanick, Adam Neumann of WeWork or CBS’s Leslie Moonves (who denied allegations of impropriety), Zaky leaves Bukalapak with his reputation largely intact. He will remain an adviser to Bukalapak while chairing his own foundation to support startups.Born in central Java in 1986 to school teachers, Zaky got his first PC (an Intel 486) from his uncle at the age of 10 — the only one in his village. By the time he got to high school, he was competing in national competitions, and eventually enrolled in the prestigious Bandung Institute of Technology. There, he met Nugroho Herucahyono, with whom he started Bukalapak in his dorm room. College friend Fajrin Rasyid left Boston Consulting Group to join them in 2011.By the end of the first year, they’d run out of money and considered throwing in the towel. Then a chance meeting with Japanese venture capitalist Takeshi Ebihara revived the startup (Zaky tagged along with a friend to a meeting.) To his surprise, Ebihara offered to invest in Bukalapak. He also provided early guidance to the founding team.One of the lessons was the importance of control. Zaky was cautious about raising too much money to avoid dilution. While Tokopedia and Grab raised billions, Bukalapak raised less than $500 million from investors including PT Elang Mahkota Teknologi, better known as Emtek, Singaporean sovereign fund GIC Pte and Jack Ma’s Ant Financial.“I want to make sure I have a large stake, like Mark Zuckerberg,” Zaky said in an interview in 2016 at Bukalapak’s offices in Jakarta, decorated with replicas of bird cages to convey the Asian bazaar aesthetic and slogans like “Get Sh*t Done.”Zaky’s and Nadiem’s exits now presage a trend. “‘It’s not about you’,” Nadiem wrote in his farewell email.Read also: Farewell, Gojek: Nadiem’s letter to staff shows high hopes for future of Indonesia, Gojek Achmad Zaky spoke with unusual candor after taking the stage in Jakarta that October afternoon. People stopped chattering and lowered their phones when he began recounting the decade he spent building one of Indonesia’s most successful startups. What none of the hundreds in the cavernous hall knew then: it was his last big public act as chief executive of to the crowd, the 33-year-old self-taught computer whiz was on his way out. After a series of failed experiments and missteps — including an abortive attempt to go toe-to-toe with Alibaba-backed rivals — Zaky had lost his board’s confidence that he could lead a vastly expanded company into its next phase of growth. Just months away from ceding the reins of the $2.5 billion e-commerce outfit he built from the ground up, he spent much of the speech reflecting on his decade-long stewardship.“I’m not smarter than you. My success rate is maybe 10 percent,” he told the now-silent audience. “Back then, I was an engineer focusing on the product,” he added. As the company grew, “I was thinking I have to be a leader.” Zaky is only the second founder-CEO to leave a Southeast Asian unicorn, following Gojek’s Nadiem Makarim, who became Indonesia’s education minister. While the former’s departure seemed sudden, it was the culmination of a gradual separation, the people said, asking not to be identified discussing internal matters.Some of Zaky’s decisions rankled investors. Bukalapak — which means “open a stall” — succeeded by becoming the go-to bazaar for shoppers seeking bargains. But a few years ago, in his zeal to bring more mom-and-pop stores into the network, Zaky pushed too hard for ever-lower prices, disrupting market pricing and upsetting some consumer brands, they said.Later, as Bukalapak expanded, Zaky grew ambitious and tried to take on rivals like SoftBank-backed Tokopedia and Alibaba Group Holding Ltd.’s Lazada by flogging pricier goods. Bukalapak backtracked when it realized it was getting too far away from its roots. Then in 2019, he incensed followers of popular Indonesian President Joko Widodo after tweeting that the government was spending too little on R&D and suggested a new leader might beef up the budget: #UninstallBukalapak becoming a trending topic on Twitter.Discussions about a changing of the guard began long before that. Zaky had talked with his board about wanting to pursue his passion of helping young entrepreneurs. But that coincided with increasing pressure for the startup to turn a profit, one reason why it announced 10 percent job cuts. Directors felt that, while Zaky had been instrumental in Bukalapak’s early days, the company had outgrown him and proposed bringing on an experienced executive. In December, the board appointed a successor in Rachmat Kaimuddin, a former director of finance and planning at PT Bank Bukopin that Zaky himself and a co-founder recommended.“As startup capital raising and profitability come under pressure, we should expect to see more CEO exits. Not just for under-performance, but for other reasons that were ignored under hyper-growth,” said Suresh Shankar, founder and CEO of Singapore-based Crayon Data. “Travis-like (behavioral), Adam-like (financial engineering) or Moonves (CBS, alleged sexual misbehavior) exits will become more common. Sometimes one of these causes or the other will be used as the excuse, to make company under-performance seem more palatable.”Read also: No more ‘burning money’: Calls grow for more rational tech valuation as VCs eye Indonesian start-ups In his own parting memo, Zaky counted professionalizing his company among his achievements. He recounted an incident in its early days when the website went down for days and no one was bothered. By mid-2019, when the company had 2 million mom-and-pop store partners and agents and more than 70 million active users, Bukalapak had executives to run finance, strategy and operations.“I remember our early years when our management style was still ‘dormitory’ style,” he wrote. “Over time, our management has become more modern.”Topics :last_img read more

EEW OSB Nabs Borssele 1+2 Contract

first_imgUK-based EEW OSB has secured a contract to provide 35 transition pieces for Ørsted’s Borssele 1 + 2 offshore wind farm in the Dutch North Sea.The contract represents EEW OSB’s first export order.”This multi-million pound order secures 180 jobs in Teesside and high utilisation in the facility for the first half of 2019. By building long-term relationships with highly productive suppliers such as EEW OSB, MHI Vestas Blades UK, and Ordtek, UK companies from across the value chain can not only benefit from UK projects, they can really take advantage of the growing global export opportunity,” Matthew Wright, Ørsted UK Managing Director, said.Borssele 1 & 2 is located 23 kilometres from the Dutch coast and will have a total capacity of 752MW. The wind farm will comprise 94 Siemens Gamesa 8MW wind turbines installed on monopile foundations.GeoSea is in charge of transporting and installing the monopile foundations. A2SEA, part of GeoSea, will provide installation vessel capacity to transport and install the wind turbines.The works are scheduled to begin in 2020.The contract is one of several new commercial agreements between the UK and the Netherlands announced at the UK Netherlands Innovation Showcase event.last_img read more

Protesters take to Ouagadougou streets over rising cost of living.

first_imgUganda students lament high cost of living and rising tuition fees Photo Courtesy of AFP Burkinabe unions and associations of civil society staged protests across the Burkina Faso capital, Ouagadougou on Wednesday decrying the rising cost of living. The meeting, dubbed ‘against high prices’ brought together an estimated 5,000 people calling for th ereduction of fuel prices, basic goods and a raise in wages.The protestors also demanded the arrest of former President Blaise Compaore and his brother Francoise Compaore who they accused of embezzling public funds. Blaise Compaore was overthrown last October. The strike comes after the arrest of seven ministers and barons of the old regime on accusations of embezzling fundsRelated Ghanaian protesters return to streets in anti-austerity marchescenter_img Protests in Ghana over Rise in Cost Of Livinglast_img read more