In This Issue. * It’s pretty much an all-out assault by the dollar today! * Chinese & Swedish PMI’s are weaker but above 50. * The BOJ’s QE announcement sinks yen! * The Narrowing thing. It’s Tricky! And Now. Today’s A Pfennig For Your Thoughts. China Begins To Take Baby Steps Toward A Convertible Renminbi! Good Day!… And a Marvelous Monday to you! OUCH! Brother am I hurting all over today, as I used muscles yesterday that haven’t been used in a while! We had two semi-large trees fall in the back of our property, down by the creek (probably the work of beavers!), and for the last two weeks I had been cutting it up, a little bit at a time, so as not to wear myself out, but yesterday, I had the help of Jerry and then neighbor, Paul, and we banged out the whole shootin’ match! So, now I have a huge pile of wood ready for splitting. I’ll leave that for Alex to do. (I’ll have a heart attack IF he actually does it! HAHAHAHA!) There’s some BIG news from China to talk about this morning, but first, I need to tell you that the dollar is in an all-out assault mood this morning, with 95% of the currencies, including Gold, looking at losses this morning, and the few without losses are flat, but could turn negative in a NY Minute, so it’s all about the dollar this morning, especially if you check out the cable news who are dropping the ball BIG Time on the China news, but that’s their problem, not mine, for I’m going to give it to you right here! This weekend, the Chinese Gov’t announced that the renminbi will become directly convertible with the Singapore dollar, effective this morning. Folks, I don’t care if the Cable News or The Wall Street Journal (WSJ) or Reuters don’t care to talk about this development, it’s HUGE news any way you look at it! I saw this, and said to myself, “Self, is this the first step in a freely convertible renminbi? Why, I do believe that’s what’s going on here, Self!” I told you all previously that I thought that China was really stepping up the pace of their move to replace the dollar as the reserve currency, and this just confirms that thought! I see this going along much like China went about gaining a wider distribution of their currency by signing currency swap agreements with one country at a time. I see them doing the same type of one country at a time, move with convertibility of their currency, until it’s fully convertible all over the world. This won’t happen overnight folks. The first currency swap agreements were signed in 2008. There was other news from China over the weekend, as the latest Gov’t version of the Manufacturing Index (PMI) printed, and was not as strong as I thought it would be. The index number was still safely above the 50 level at 50.8, but a number north of 51 was expected, and so, it was more of the moving along slowly for the Chinese economy, but not stopping for rest, just moving along slowly. Sort of like me in the backyard yesterday! HA! And since the dollar was taking liberties against most currencies overnight, the Chinese decided to weaken the renminbi / yuan, using the weaker than expected PMI as their excuse for doing so. They didn’t make a Big deal out of the direct convertibility of the renminbi with Singapore, as I’m sure they would have liked for no one to notice. The U.S. news agencies complied, eh? And get this. The man who is the chief executive officer (CEO) of the world’s largest sovereign wealth fund, Yngve Slynstad, says that even though assets from China only make up about 1.5% of the $860 Billion Norwegian Wealth Fund’s portfolio, he believes that almost all investment decisions are affected by what happens in China. He didn’t say the U.S., Japan, the Eurozone, the U.K., he said China. Makes you sit back and think about all the things I’ve told you regarding China over the years, they all seem to be coming true, don’t they? Well. So, it’s all about the all-out assault by the dollar today. UGH! That’s crazy, I don’t care what side of the fence you’re on, how in the world can traders and investors take the dollar to this all-out assault mode today? I explained last week how QE 1, 2 & 3, isn’t going to end quietly, that the Fed had announced that when bonds that they bought and hold, mature, they will take the proceeds and invest in another bond. Thus keeping the Fed’s balance sheet at more than $4 Trillion, and allowing them to keep their hands in the bond markets’ cookie jar. But that’s not the only thing on my mind today regarding the currencies, so, let’s open this can of beans and see what’s inside, eh? Well, last week the Bank of Japan (BOJ) Gov. Kuroda, really opened Pandora’s Box of currency losses for the yen, and the bleeding hasn’t stopped yet. On Friday, we saw a whole 2 figure loss in yen, and overnight we’ve seen another 2 whole figure loss in yen. I was talking with a trader friend on Friday, and I told her that when I started in this business 22 years ago, yen was 124. And the way things were going, it wouldn’t surprise me to see it there again, with the way the Japanese Gov’t and BOJ keep pushing it downward. I find this downward move in yen to be quite interesting, as it wasn’t that long ago, that people kept talking about what a miracle it was that Japan had twin deficits, (Current and National Gov’t) but yet the yen was still strong, and why couldn’t that be the same for the dollar? Uh-Oh. Looks like that “miracle” has been shattered, just like the one here in the U.S. with our twin deficits and a stronger currency will be eventually. It takes a while for the markets to get out of bad habits and wake up to smell the coffee, but eventually they do, and when they do, they go at it with a vengeance, like they are doing with yen right now. There comes a time when the markets realize what I’ve been telling you for a while now, that Japan is a basket case. Of course I’ve not been a fan of what’s going on with the twin deficits in the U.S., but we’re not here with yen, just yet. But also remember what I’ve been telling you for quite a few years now. That the U.S. is turning Japanese, yes, I really think so. I loved this quote from David Stockman. He said that “The BOJ had jumped the shark tank and now the Machines, Madmen and Morons are Raging”. Whoa, there David, I would love to say those things, but I get my hands slapped, but as long as you say them, we’re good to go! So, keep the quotables coming! The Aussie and New Zealand dollars (A$ and kiwi respectively) are both on the downswing this morning. Last week it was the interest rate differentials helping the currencies like A$ and kiwi, real, ruble, and rand, but that tricky wording that the Fed used in their press conference on Wednesday last week, got the dollar bugs thinking that these interest rate differentials will soon be narrowed. One of my wife’s fave songs, is (to me a strange choice, but to each his own) the song: It’s Tricky. You know, It’s Tricky to rock a rhyme, to rock a rhyme that’s right on time, It’s Tricky. And that’s how I feel about the stuff going on in these two currencies. The key here is that the dollar bugs think the interest rate differential will be “narrowing” soon. Hmmm. That does NOT mean that the interest rate differential that the currency owns over the dollar is going away, it simply means it could be getting “narrowed”, and for that reason alone, the dollar bugs are all over the place now? It’s Tricky folks. The 1.5% rate hike that the Central Bank of Russia (CBR), pulled off last week, helped the ruble one day, and since then it has been of no help, as the ruble continues to slide further and further downward. There’s a fragile peace in Russia and Ukraine and winter is beginning in the region. I just don’t see how the fragile peace that’s there now will be threatened, as the bitter cold, snow, and winter weather sets in. In fact, I would think that given the weather, the fragile peace could grow stronger. I’m grasping at straws here folks, as I’m looking for something, anything that would wrap a tourniquet around the ruble. Shoot Rudy, if adding 1.5% in a rate hike can’t give the ruble any more love than a one day and done shot, you can see why I’m grasping at straws. The Swedish krona is flat today, which is strange given all the bad news that has come out of Sweden lately, and with the dollar taking liberties against the currencies. We also saw Sweden’s PMI (manufacturing index) drop from 52.5 in September to 52.1 in October. Sure it was still well over the line in the sand number of 50, but it did weaken, which should not have been a reason for the krona to buck the dollar’s all-out assault today. But it is, what it is, and I shouldn’t look a gift horse in the mouth, eh? The Brazilian real is opening up this morning with a bee in its bonnet. So, it’s nice to see that the “Narrowing rate differential” talk for the dollar isn’t carrying any weight here in Brazil. Recall that the Brazilian Central Bank (BCB) hike rates last week, and I went out on a limb and said that I expected rate hikes at the next 4 meetings, and I guess the markets are figuring that out about now too, so the real bucks the trend of the dollar’s all-out assault this morning. I’m seeing a data print flash on the Bloomberg this morning. Apparently, Honda, Rocktober Auto Sales were up 5.8%… Unfortunately, the estimates were for an increase of 7.7%… So, 5.8% is nice, but it’s not 7.7%, eh? The U.S. Data Cupboard was gloomy on Friday. Personal Spending fell -.2% in September, disappointing those that thought it would increase .2%, and those that thought August’s .5% was the beginning of a strong economy, after printing flat in July. As long as personal consumption / spending is responsible for over 70% of GDP, this is not good news. And one could actually say that since August was a “back to school” month, with lots of spending going on, that the 3rd QTR spending was atrocious. I know, I know, long time readers are saying right now, but Chuck. You used to get upset when we spent more than we made, and now that’s no longer a problem, you say we’re not spending enough! Ahhh grasshopper. Yes, I don’t like it when we spend more than we make, and looking at the Personal Income data, it certainly wasn’t very good either, rising .2% in September. But, here’s the kicker. Personal Income should be much higher and each month should be more than the Spending component. except maybe in August, December, and April. So, the data is all whacked-out as far as I’m concerned, and right now the problem, as the markets see it is, there’s not enough spending for the economy to grow, which goes along well with the disappointing Retail Sales data we’ve also seen lately. And last Friday (Halloween), I told you that Gold had fallen below $1,200. Well the slide continues this morning, and Silver has a $16 handle, which is better than on Friday when it was a $15 handle.. I have to say that these downward drops in the commodity prices seem to be overdone, by quite a bit. Usually when you see stuff like this, you see a bounce-back. We are well below the production costs of Gold, and remember the story I told you a week or so ago, about the head of the largest Silver producer, saying he was not selling the Silver he produces until he breaks the paper trading manipulators? Well, eventually a there has to be a shortage of supply problem. Geez I would love for his plan to work, now that would be something, and I wouldn’t nominate him for leader of the free world! HA! There is some good news in the metals this morning though, as Platinum and Palladium are booking gains VS the dollar. These two have gotten caught up in the Gold price drop, and they should have been. They are dual metals with investment and industrial uses, and shouldn’t get brought down when the price manipulators go after Gold. Well, that’s my thought and I’m sticking to it! Before I head to the Big Finish today. I wanted to point out what a great job, my longtime friend, and Big Boss, Frank Trotter, did with the Sunday Pfennig & Pfriends piece yesterday. He laid out the fallacy of a cheap currency. Something I’ve tried to get across in these pages for many a year to you dear readers, but leave it to the Big Boss, to drive the point home, in stunning style. For What It’s Worth. Well, this is more or less more of me here. Frank was talking about the cheap currency fallacy yesterday, and that got me thinking about the cheap Oil price fallacy. Sure, everyone is jumping up and clicking their heals right now because the price of gas at the pumps is dropping. for now. You see there’s a major problem brewing in our Oil shale production. There have been 19 shale rigs that have already gone offline just last week! What you have here is the same thing going on in Gold. The price of Oil has fallen very near below the cost to produce it. Fracking Operations have a cost of $75 a barrel, and this morning, the price of Oil is $80 and change. So, while we were on our way here with something good (cheaper gas prices, from cheaper oil prices), the getting’s not going to last. Then we’ll have to import more Oil and guess what our friends (NOT!) at OPEC will do with the price of Oil? So, with just about anything in life, we have to be careful with what we wish for, eh? To Recap. The Big News from China this weekend is being glossed over here in the U.S. because it’s not about the mid-term elections tomorrow! But China announced that beginning today, they will allow direct convertibility of the renminbi with Singapore dollars. Just a first baby step to full convertibility. And what Chuck things is a one-country at a time deal for convertibility of the renminbi. Chinese PMI was weaker but still above 50, and Sweden’s PMI was also weaker but above 50. the U.S. Data Cupboard had some very weak spending data on Friday, so scary for the economy, it deserved to print on Halloween! And Gold continues to slide, and to Chuck it appears to be overdone at this point. Currencies today 11/1/14. American Style: A$ .8715, kiwi .7755, C$ .8860, euro 1.2495, sterling 1.6005, Swiss $1.0365, . European Style: rand 11.0330, krone 6.7725, SEK 7.3810, forint 247.05, zloty 3.3755, koruna 22.2430, RUB 43.35, yen 113.70, sing 1.2890, HKD 7.7550, INR 61.40, China 6.1525, pesos 13.49, BRL 2.4750, Dollar Index 87.18, Oil $80.70, 10-year 2.32%, Silver $16.12, Platinum $ 1,242.00, Palladium $807.50, and Gold. $1,171.77 That’s it for today. Whew! Our lambs, I mean Rams, pulled out a win in a crazy ending to the game yesterday. And my beloved Missouri Tigers won on Saturday, moving them into first place in the SEC East, as Florida upset Georgia at EverBank Field in Jacksonville! I didn’t have many Trick-or-Treaters on Friday night, bummer! And it was pretty chilly sitting outside, by myself waiting for them to come, but very few made it up the driveway to the front porch. Little Delaney Grace was Anna from Frozen, and her little brother was Olaf, the snowman from the same movie. Cute as can be! And Braden finally got with the program and put on his Batman costume, but refused to wear the cape! (hey, he had to win something with that fight!) All of them were very cute! I hope your Halloween was grand. Went to breakfast with my good friend Duane on Saturday and ran into our old colleague, John Kaupisch! He looked great, as retirement has agreed with him. He said, he “highly recommends retirement”. Both Duane and Chuck laughed because we were both talking about that before John walked up to us! Alrighty then, I hope I didn’t miss any birthdays or anything like that. it’s time to get this out the door. I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets
Most snowshoes in the United States are probably in storage right now, gathering dust and waiting for temperatures to drop. In the town of Lake Tomahawk in the Northwoods of Wisconsin though, they’re getting a lot of use this summer.Snowshoe baseball is exactly what it sounds like. It’s a game of baseball played on snowshoes, though it more closely resembles a bizarre game of softball. Every Monday night in the summer—and on the 4th of July—hundreds of tourists and residents gather to cheer on players who strap on snowshoes and hit a large softball around a field of wood chips. This has been going on since 1961, when then town chairman Ray Sloan came up with the idea to turn the game into a spectator sport capable of entertaining both summer tourists and town residents. An earlier version of the game was played on frozen lakes. Hence, the snowshoes.Admission is free, but slices of homemade pie cost $2. The pie is a big deal here, too. On any given night you can find 40 different flavors.Sheila Punches says that “they come for the pie and stay for the game.” She’s been coming to games since the 1970s and she says pie is one way she measures its popularity.”There was a time when 30 pies was enough,” she says. “Then it was 40, 50, 60, 70 … 100 pies is not too many pies to have. I think somebody said they had 160 pies last week for the 4th of July.”Pie flavors range from the traditional — Raspberry Rhubarb or Apple — to the more unique: Banana Split, Margarita, and even Sawdust, featuring graham crackers and coconut flakes.The game starts with a rendition of the national anthem by the local barbershop chorus. Then local commentators Adam Lau and Jimmy Soyck lead the way. In a recent game, someone takes a swing, misses the ball, and switches bats. “Oh, it’s the bat,” says Soyck into his microphone.”It’s always the bat’s fault,” agrees Lau.Then when the player does hit the ball, he trips right after leaving home plate. The crowd audibly cheers, then sighs. This hilarious scene is all too common, especially for newer players. Soyck says you can’t run in snowshoes. It’s all in the shuffle.”You gotta shuffle your feet. You can’t pick them up,” he says. “If you pick them up, you’re going over. No ifs, ands, or buts about it.”The game carries on this way until about the 7th inning, when one lucky batter gets a disguised cantaloupe thrown to him instead of a ball. When the batter makes contact, he immediately scatters the baseball field with pieces of melon.”When that thing hits, it splatters everywhere,” says Jeff Smith, who coaches the Snow Hawks, the home team. “It’s painted to look pretty much like those balls out there, and the batter isn’t supposed to know until he hits it.” It’s easy to laugh at the idea of people playing softball on snowshoes in the middle of the summer, but fan Phil Hejtmanek says there are a lot of talented players here.”The funny thing is these guys are really good,” he says. “You figure ‘oh, the outfielders aren’t going to be able to make any plays,’ but just you wait.”Coach Jeff Smith says that it takes a lot of work from local volunteers to make each game run smoothly, but that he doesn’t expect the game to ever fade out. “There’s too much passion amongst the townspeople around Snowshoe Baseball,” he says. “People get pretty serious about their home team winning and playing and they just want to be a part of it.”Ultimately, this game is a part of this town’s fabric. Residents like Macey Macintyre grew up watching it.”The whole town comes together just to watch this and you know it’s the whole town because you see everyone week in and week out,” she says. “It makes our town unique and it makes me just love my town and the people in it a lot more.”So if you’re in Wisconsin’s Northwoods on a Monday night this summer and looking for some entertainment and good company, snowshoe baseball will be happening in Lake Tomahawk. The season ends in late August. Copyright 2019 NPR. To see more, visit https://www.npr.org.
Advertisement Looks like the battle between Bose and Beats by Dre parent Apple has moved to a place where it really hurts — the stores.This is because the Bose headphones can no longer be found in Apple stores, not online, nor at the mall.Other competing brands of headphones remain in Apple’s online store, including high-end models from Sennheiser, Bowers & Wilkins and Marshall. – Advertisement – It should be noted that two months after Apple announced it would acquire Beats for $3 billion, Bose sued, claiming that Beats had infringed on five of its patents for noise-canceling headphones.The company also lodged a complaint with the International Trade Commission, seeking to halt the sale and import of certain Beats products.That lawsuit was dismissed on Oct. 10, after the two parties reached a settlement. Terms were not disclosed.A publicity battle between the premium headphone brands has also been playing out on TV.Bose secured an exclusive marketing deal with the National Football League that kept all other manufacturers’ headphones off camera on game day, from the moment players set foot on the field up to 90 minutes after the final whistle.However, San Francisco 49ers quarterback Colin Kaepernick flouted the rule during a post-game press conference, and said he was slapped with a $10,000 fine by the league. Other players followed suit, including Carolina Panthers quarterback Cam Newton, Seattle Seahawks star Richard Sherman and Cowboys defender Barry Church.An NFL spokesperson subsequently issued a statement saying players could tape over the Beats brand to avoid being disciplined.Via Recode
Nina Zipkin What You Can Learn From This YouTube Star’s Apology Debacle 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. Apology –shares 4 min read Image credit: Jason LaVeris | Getty Images Logan Paul said he was sorry — twice — after he seemingly filmed and posted video of the body of a person who had committed suicide. Staff Writer. Covers leadership, media, technology and culture. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand We may only be a couple of days into 2018, but we already have our first public apology on the books. That dishonor goes to Logan Paul, a 22-year-old YouTube star with more than 15 million subscribers.Paul filmed his visit to Aokigahara, a forest near Mt. Fuji in Japan, which has gained notoriety for being the site of hundreds of suicides. The video Paul posted on Dec. 31 on YouTube was titled, “We found a dead body in the Japanese Suicide Forest…” and it was viewed 6.3 million times in the 24 hours after it went live. Paul has since removed the video from the site.According to New York Magazine, Paul, who included a link to the American Society for Suicide Prevention, introduced the video thusly: “This is not clickbait. This is the most real vlog I’ve ever posted to this channel…I think this definitely marks a moment in YouTube history because I’m pretty sure this has never hopefully happened to anyone on YouTube ever…Now with that said: Buckle the fuck up, because you’re never gonna see a video like this again!”Related: 7 Tips for Entrepreneurs Looking to Build Their Brands on YouTubePaul has a following made up of predominantly young kids and teens and is best known for comedy sketches, pranks and being the older brother of fellow social media star Jake Paul, who has been in the news recently for offenses ranging from racism, bullying and abuse and property damage, the last of which led to his firing from his Disney Channel series.Logan Paul’s most recent raft of tweets is akin to watching a dawning of realization and regret in real time. The first, posted at 7 p.m. on Jan. 1, is an announcement of his latest vlog.new vlogreal life Pokémon Go in JAPAN?? go ay ??— Logan Paul (@LoganPaul) January 2, 2018The second, posted three hours later, is a photo of an apology written in the iPhone notes app that starts with an “I’m sorry,” and an explanation of the intent behind the video, without ever specifically saying that what he did was wrong.The closest he comes to admitting wrongdoing is this: “I am often reminded of how big a reach I truly have & with great power comes great responsibility…for the first time in my life, I’m regretful to say I handled that power incorrectly. It won’t happen again.” The apology includes a profanity, a peace sign emoji and the hashtag for what Paul calls his fanbase — #Logang4Life.Dear Internet, pic.twitter.com/42OCDBhiWg— Logan Paul (@LoganPaul) January 2, 2018And then there was the final tweet of the trilogy, posted at 11:45 a.m. on Jan. 2, a video message featuring a serious and chagrined Paul front and center.So sorry. pic.twitter.com/JkYXzYsrLX— Logan Paul (@LoganPaul) January 2, 2018“I’ve made a severe and continuous lapse in judgement. And I don’t expect to be forgiven. I’m simply here to apologize,” he says in the video. “There are a lot of things that I should have done differently, and I didn’t. And for that, from the bottom of my heart, I am sorry.”He continues, “For my fans who are defending my actions, please don’t. They do not deserve to be defended. … In the world I live in, I share almost everything I do. The intent is never to be heartless, cruel or malicious. Like I said, I made a huge mistake. I don’t expect to be forgiven. I’m just here to apologize. I’m ashamed of myself. I’m disappointed in myself. And I promise to better. I will be better. Thank you.”So what can you take away from Paul’s experience? First off, it’s always a good practice to have a sounding board outside of your circle to review anything you post online. If do you make a mistake, admit it right away. Don’t hide behind your past successes or what you meant to happen when you took a particular action. Don’t make excuses for your behavior. Make amends until you get it right. And remember that there is a big difference between “I’m sorry you were offended,” and “I’m sorry. I was wrong.” January 2, 2018 Add to Queue Entrepreneur Staff Next Article Enroll Now for $5
Small Business Heroes Kristi Dosh Opinions expressed by Entrepreneur contributors are their own. Next Article 5 min read The legal sports-betting market in the U.S. was worth an estimated $270 million in 2017 — with another $2.5 billion to $3 billion in black market betting, according to research firm Eilers & Krejcik Gaming, LLC. Accordingly, the recent Supreme Court decision in Murray v. NCAA that effectively lifts the federal ban on sports betting, allowing states to make their own laws and regulations, has captured the attention of businesses and entrepreneurs across the nation.Current gambling operators are racing to take advantage of the potential windfall headed their way, but experts say it could be a long time before new ventures can benefit from this decision. That’s because most of the existing state bills already circulating specifically limit the number of companies that can work directly with casinos or race tracks.”This means companies with past experience in the gambling marketplace, ready-to-go infrastructure and strong brand reputations will almost certainly gain selection for these mega-contracts,” says Marc Edelman, a professor of law at Baruch College who consults extensively on sports and gaming law.Related: The History of Online Gambling (Infographic)Edelman notes that none of the state bills proposing to allow and regulate sports gambling propose a true free market solution. That means even startup entrepreneurs with creative business ideas won’t be able to simply enter the marketplace, he says.Until now, only Nevada has allowed betting on individual games, while Delaware, Oregon and Montana have allowed limited betting. The Professional and Amateur Sports Protection Act (PASPA), enacted in 1992, exempted out those states. Now, however, all states will be allowed to pass their own laws related to sports betting, and there’s also the potential Congress will attempt to enact new legislation that would govern all states equally.As the court case has been working its way through the system the past few years, New Jersey, Pennsylvania and West Virginia have been preparing for the possibility of enacting new legislation post-PASPA. Sports Illustrated recently tracked the status of legislation in all 50 states, showing many are considering opening the door to sports betting.Eilers & Krejcik Gaming has estimated that as many as 32 states will enact new legislation allowing sports betting within the next five years. It estimates the resulting market would be worth $6.03 billion in annual revenue — $7.1 billion to $15.8 billion if all 50 states allowed regulated sports betting.Related: Entrepreneurs and Gamblers Have Much in CommonYou won’t have to be one of the big gambling operators to take advantage of the new market, however. There are numerous opportunities for data analytics, content creation and more.Tyler Wyatt, an independent handicapping expert who runs Three For The Money, is preparing for hundreds, if not thousands, of new companies to enter his space in the market.”Gambling data and gambling news will initially become a commodity. Companies that can track the movements of both betting lines and the amounts of money wagered will have a product they can offer at a premium.”Currently, Wyatt’s site offers bettors the ability to submit a request about a particular game and receive back a detailed analysis with over 1,500 data sets and a projected outcome of the game. He says it’s not something just anyone can jump into and make a name for themselves immediately.Related: 11 Sports Businesses Using Entrepreneurial Skills to Disrupt the Marketplace”I’ve purchased data that I didn’t have, scoured the internet to find data I was missing, and spent countless sleepless nights to compile the data sets and put together the program that we have at Three For The Money.”While those with deep pockets might be able to simply buy the data, Wyatt says the blue sky in the market is elsewhere.”There will be niche segments of the sports wagering market that can be capitalized. Apps that provide up-to-date player data, betting line movements, trends and more all in one place will be valuable.”If you’re one of those entrepreneurs looking to take advantage of the new opportunities, Edelman warns that you be careful to manage your risks.”There are no shortage of gaming lawyers who will tell you exactly what you want to hear,” he says.Related: Elite Sports Teams Are Much Better at Creating Powerful Cultures Than Startups — Here Are 5 Tips You Can Steal”The best lawyers will push back on ideas and encourage [you] to refine them in such a way that you are able to maintain the core elements of your business plan but at the same time encourage changes to make sure to keep your risk level manageable.”Edelman says you should choose counsel that is mindful of the developments in state law.”The future of your sports-gambling or interactive fantasy sports business will be driven very much by your ability to operate within the framework of state laws, and many of these laws do not yet even exist.”In other words, it’s not only entrepreneurs who will be trying to cash in on the new marketplace, but attorneys and other business advisors as well. As the Sports-Betting Industry Transforms, Entrepreneurs May Find It Hard to Get in on Gambling Profits — but Related Businesses Will Thrive Founder and Publicist, Guide My Brand –shares May 21, 2018 There are opportunities for entrepreneurs as states begin allowing regulated sports betting. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Add to Queue Image credit: Lars Baron | Getty Images Enroll Now for $5 Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Guest Writer
–shares Laura Entis Guest Writer 2019 Entrepreneur 360 List Add to Queue January 7, 2015 23andMe’s Database of Genetic Information Is Going to Make It Lots of Money Image credit: 23andMe | YouTube Opinions expressed by Entrepreneur contributors are their own. Apply Now » For quite some time, tech companies have realized big data means big bucks. (Hello cookies and updated privacy policies.) Facebook is notorious for collecting information on its users, Foursquare sells its users’ data to ad-targeting firms and Twitter allows scientists to mine its data. Indeed, consulting firm McKinsey called it a $300 billion industry back in 2011, a number that has surely grown since.Now, genetic testing startup 23andMe wants in on the data gold mine.Yesterday, the company announced that it is teaming up with the biotech firm Genetech to try and identify new treatments for Parkinson’s disease. The genetics company received a payment of $10 million (with “as much as $50 million” in additional payments down the line) from the biotech firm in exchange for access to its library of genetic data, Forbes reports. What’s more, this is only the first of 10 similar deals with biotech companies, according to the outlet.Related: Google Wants to Build a Model of Perfect Human HealthThis infusion of cash, along with the promise of additional lucrative deals in the future, comes at a pivotal time for 23andMe.Until it ran afoul of the FDA, the company analyzed consumers’ personal genomes in order to provide detailed summaries of their genetic risk for a host of common diseases (done through a spit kit sent by mail). But in 2013 the FDA announced that it was concerned about “the public health consequences of inaccurate results” from these mail-in spit tests and banned them. (It continues to offer a genealogy test, which provides people with information about their ancestry and relatives.)The Genetech partnership — along with the other deals reportedly in the works — is a lifeline for the company, as it continues to try to get back in the FDA’s good graces. Since 2013, 23andMe’s sales has understandably slowed, but it has nonetheless collected the genetic data of more than 800,000 individuals since its founding, out of which approximately 600,000 have signed away their consent for their genetic information to be used for research purposes, according to Forbes.That’s a big, valuable trove of data.While on the surface it may appear alarming that customers’ genetic data is being sold for a profit, it’s a development that appears to always have been part of cofounder Anne Wojcicki’s vision. From the company’s origins in 2006 Wojcicki, the ex-wife of Google co-founder Sergey Brin, spoke of her desire to use the principles of big data to “solve health” by gathering and analyzing the genetic information of a large pool of individuals (collected via mail-in spit tests), in order to extrapolate connections, insights and ultimately, cures. “The rest of your life is optimized because of Big Data,” Wojcicki told New York Magazine back in April. “But it isn’t for health care and that’s fundamentally the most important thing for you.”Related: Google Is Interested in Your Health, But Deterred by RegulationsFor now, the partnership Wojcicki’s company has made with Genetech is fairly contained in scope: The two companies will work together to generate sequencing data for the roughly 3,000 spit samples 23andMe has collected from Parkinson’s patients in an attempt to identify new treatments for the disease.But subsequent deals could be more far-reaching: Consumers who bought 23andMe kits and agreed to donate their genetic information to research automatically consented for 23andMe to sequence their genomes, Forbes reports, and the company says it can share anonymized, pooled information about their self-reported health traits without getting permission first.Wojcicki’s stated mission has always been to collect and analyze as much genetic data as possible in order to save lives. “23andMe helps individuals with debilitating disease participate in research and make advances happen faster,” Wojcicki said in a statement announcing the news. “I am thrilled about this partnership and believe this can help accelerate meaningful discoveries for Parkinson’s patients.”As with many of her ex-husband’s GoogleX projects, Wojcick’s mission raises safety and privacy questions, while simultaneously offering up the possibility of radical, life-saving innovation.Related: In Taking Aim at 23andMe, Regulators Missed the Mark The only list that measures privately-held company performance across multiple dimensions—not just revenue. Next Article 4 min read Genetics
Add to Queue February 24, 2015 FTC Fines Two Health Apps That ‘Lack Adequate Evidence to Support Their Claims’ Register Now » You can do so much on your smartphone — text, call, Snapchat, Instagram, CandyCrush, Tinder, Seamless, Uber…the list goes on. Among this blur of activity, an entire fleet of health apps have sprung up that harness the smartphone as a diagnosis tool of sorts. But a smartphone interaction with a doctor isn’t a substitute for in-person professional medical diagnosis and the FTC wants everyone to know it.Yesterday, the FTC cracked down on two smartphone apps — both of which say they can detect early symptoms of melanoma — for failing to make this distinction explicit.The makers of MelApp and Mole Detective, two apps that analyze user photographs of moles, blemishes and worrisome skin areas in order to calculate the corresponding melanoma risk as low, medium or high, were fined by the FTC for deceptively claiming that their apps “accurately analyzed melanoma risk and could assess such risk in early stages,” the agency wrote in a press release. “The marketers lacked adequate evidence to support such claims.”Related: The World’s Newest Lie Detector Could Be a Sensor Implanted in Your MouthThe apps, which were on the market from 2011 to 2012, were downloaded by thousands of people. While health apps have the potential to improve our health, many are relatively untested. That’s worrisome, particularly for apps that claim to provide early diagnosis and medical advice.Consider, for example, the 2013 paper published in the Journal of the American Association, which zeroed in on four melanoma detection apps and found that three of them “incorrectly classified 30 percent or more of melanomas as unconcerning.”With the settlement, the makers of MelApp and Mole Detective will no longer be able to advertise the apps as accurate diagnostic tools until there is enough scientific evidence, “in the form of human clinical testing of the device,” to substantiate the claim. Related: FDA Grants 23andMe Approval to Sell Test for Rare Genetic Condition Health Guest Writer Free Webinar | July 31: Secrets to Running a Successful Family Business Opinions expressed by Entrepreneur contributors are their own. Laura Entis 2 min read –shares Learn how to successfully navigate family business dynamics and build businesses that excel. Next Article
Index Exchange Introduces Adaptive Timeout, Incorporating Machine Learning into Header Bidding PRNewswireMay 22, 2019, 6:29 pmMay 22, 2019 New Product Makes Publisher Page Speeds Smarter by Adapting to Each User, Creating More Opportunities for Bidders and Revenue for PublishersIndex Exchange, the world’s largest independent ad exchange, introduced Adaptive Timeout, an innovative product that will boost publisher revenue through advanced machine learning, while optimizing page speed. By measuring device and network conditions, the Adaptive Timeout feature leverages an algorithm that determines a custom, intelligent timeout for each individual user on each individual page view. This includes a time landscape, which is the time it takes from a bid request to a bid response for each participating bidder. By adaptively modifying the timeout, the feature ensures the maximum number of bids make it to the publisher, thereby increasing revenue, while improving user experience in each unique condition.Previously, publishers have largely relied on imprecise, fixed-value timeouts for all users, which led to publishers missing opportunities while waiting for bid responses in latency-constrained environments. Static timeouts led to a trade-off, whereby publishers had to sacrifice user experience to wait longer for header bidding, or sacrifice revenue by setting aggressive timeouts. Adaptive Timeout introduces intelligence and machine learning into header bidding, allowing for an adaptive timeout that is tailored to the user’s device and network latency.Marketing Technology News: Amazon Dominates E-Commerce Share, Ebay and Walmart Less of a Focus, Feedvisor Study Finds“Incorporating machine learning into header bidding is a natural evolution of the product line, and adaptive timeout is the first of many innovations we’ll be enhancing with this technology,” said Gabriel DeWitt, Vice President, Product at Index Exchange. “We’re happy we can bring this level of sophistication to our publisher partners, as they’ve been looking to leverage automation instead of internal tech resources to optimize their configurations.”Adaptive Timeout is calculated using the device type, connection speed and an aggregation of the recent history of a particular user’s time landscape. Through the use of an adaptive machine learning algorithm, the outcome is overall improvement to page speed on fast devices with fast connections and more bids from the header reaching the publishers ad server, without any additional development.Marketing Technology News: Vyond Announces End of Beta for Vyond Studio, Enhanced Security Features“Our long-standing partnership with Index Exchange is a testament to the company’s continued commitment to innovation and maximizing publisher revenue,” said Jeremy Hlavacek, Head of Revenue, Watson Advertising. “This latest feature will ensure more bid responses are making it into our ad server, while improving user experience. It’s a huge opportunity for revenue growth.”Marketing Technology News: Kneron Debuts Edge AI Chip, Bringing AI to Devices Everywhere Adaptive Timeoutadvanced machine learningGabriel DeWittIndex ExchangeMarketing TechnologyNews Previous ArticleUsabilla Named a Strong Performer in 2019Next ArticleDigital Audio Can Be An Advertising MVP – If Navigated Correctly
Source:https://news.yale.edu/2019/04/18/behavioral-disorders-kids-autism-linked-lower-brain-connectivity Reviewed by James Ives, M.Psych. (Editor)Apr 19 2019More than a quarter of children with autism spectrum disorder are also diagnosed with disruptive behavior disorders. For the first time, Yale researchers have identified a possible biological cause: a key mechanism that regulates emotion functions differently in the brains of the children who exhibit disruptive behavior.The study appears in Biological Psychiatry: Cognitive Neuroscience and Neuroimaging.”Disruptive behaviors such as aggression, irritability, and noncompliance are common in children with autism, and are among the main reasons for psychiatric treatment and even hospitalization,” said Denis Sukhodolsky, senior author and associate professor in the Yale Child Study Center. “Yet, little is known about the biological underpinnings of behavioral problems in children with autism.”Related StoriesNew therapy shows promise in preventing brain damage after traumatic brain injuryNeural pathways explain the relationship between imagination and willingness to helpRush University Medical Center offers new FDA-approved treatment for brain aneurysmsThe first of its kind, the Yale study used fMRI scans conducted during an emotion perception task to compare the brain activity of autistic children who do and do not exhibit disruptive behavior. While in the scanner, the children were asked to view pictures of human faces that displayed calm or fearful expressions.During the task, the researchers found reduced connectivity between the amygdala and ventrolateral prefrontal cortex — a pathway critical to the regulation of emotion — in the brains of children who exhibit disruptive behavior as compared to the brains of children who do not. “Reduced amygdala-ventrolateral prefrontal cortex functional connectivity was uniquely associated with disruptive behavior but not with severity of social deficits or anxiety, suggesting a distinct brain network that could be separate from core autism symptoms,” explained Karim Ibrahim, first author and postdoctoral fellow in the Sukhodolsky lab.”This finding points to a brain mechanism of emotion dysregulation in children with autism and offers a potential biomarker for developing targeted treatments for irritability and aggression in autism,” said Sukhodolsky.
Alitalia went into administration last May at the request of its shareholders after staff rejected job and salary cuts as part of a two-billion-euro ($2.4 billion) rescue plan The Air France-KLM group on Saturday denied it had made an offer for ailing airline Alitalia, a day after Italy’s industry minister listed it among three bidders. Alitalia, struggling to compete with low-cost European rivals, went into administration last May at the request of its shareholders after staff rejected job and salary cuts as part of a two-billion-euro ($2.4 billion) rescue plan.”Air France-KLM denies making an offer to buy Alitalia,” a statement said adding that the group “had not taken part in the process launched by Italian authorities.”On Friday, Economic Development Minister Carlo Calenda said on the La7 television channel that there were three offers: one from German airline giant Lufthansa, another from US private equity group Cerberus, and a joint EasyJet-Air France bid.”The presence of Air France is not sure and I will verify on Monday with the Alitalia administrators,” Calenda however said.According to local media reports, Lufthansa wants to lay off 2,000 employees—almost a quarter of the total on the aviation side—if its offer for Alitalia is accepted.Alitalia has 11,500 workers in total. Explore further Citation: Air France-KLM denies bidding for troubled Alitalia (2018, January 13) retrieved 18 July 2019 from https://phys.org/news/2018-01-air-france-klm-denies-alitalia.html © 2018 AFP Italian govt mulling three offers for ailing Alitalia 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.