Increasing Profitability: 7 Cost-Saving Strategies We Learned From Our Clients


first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Here at Morey Publishing, we’ve had the opportunity to work with many great companies and excellent entrepreneurs who’ve taught us how to increase profitability in this challenging economic climate. From them, we’ve learned many cost-saving strategies that we’d like to share. Call it our way of paying it forward!• VOIP From Adam Schwam, the chief operating officer of Sandwire Corporation, we’ve learned the cost-saving benefits of Voice Over the Internet Protocol, aka VOIP. You plug your phone into the Internet and you’re connected, that’s how easy it is.“As a matter of fact, you can plug the phone in any Internet connection, even in China,” says Schwam. “It makes no difference, and it works as it’s here on Long Island, without delay.”To change your service, you don’t need to go to the phone company and jump through hoops, he explains. For example, by just going to the website, you can easily reprogram your phone. Schwam has his office phone set up so an incoming call can be displayed on his own cell phone wherever he is, his office phone as well as his assistant’s phone, in case it’s an important call and he can’t pick it up himself. Likewise, he points out, you could program outgoing calls to use your office number in case you prefer to keep your cell phone private.“You don’t have to run telephone wires everywhere when you have this system,” Schwam says. “It goes right into any place that has the Internet. One wire. When you want to replace the telephone system, you don’t have to do any rewiring. You just plug it in.”The connectivity options can make a huge difference on the bottom line. In an instant, separate offices can be interconnected. You go to one place, plug in your phone, and it acts like an extension, as if you’d just stayed put.Another advantage to VOIP is that it enables your cell phone to function with your laptop to create a portable office, enabling assistants in the field to stay in touch as they work on an outside project, for example. All you need is Wi-Fi.Schwam says the VOIP technology was developed more than a decade ago but recent developments have made it faster and more affordable, particularly because Internet bandwidth has become so much cheaper compared to traditional telephone service. Now you can get as many lines as you need, when you need them. Plus, a handset may break, but the phone system won’t. If your office loses power in a storm, for example, you can go plug your phone in somewhere else and go back online. Or log in from anywhere and have your business calls go directly to your cell phone. What you do is up to you. That’s the message we’ve taken to heart.• EMV Making the shift to EMV credit cards—the new global standard for cards equipped with this innovative technology designed to authenticate chip-card transactions and cut down on fraud—is the right way to go. Embedded in each EMV, which literally means Europay, MasterCard and Visa, is a small, metallic square that is actually a computer chip. Unlike the traditional magnetic stripe on the credit card, this new chip creates a unique transaction every time it’s swiped, making it harder to duplicate if the card were stolen because it would be denied.EMV won’t prevent data breaches but it will make life more difficult for crooks who get their hands on these new cards. So the switch is on and increased security is the goal. The national deadline for businesses to install smart-chip readers was October 1st.[Download the free eBook “What Merchants Need To Know About The New Credit Card Processing Liability Regulations & How To Be Compliant: Post-October 1st EMV Deadline” HERE]That heightened protection is a plus for customers and retailers, alike. But, as we’ve learned from Joseph Doyle, a partner at MerchantPro Express, retailers might also want to examine their merchant processing fees because that’s a great way to save money.Visa and MasterCard take a look at “every single credit card in the market place” and come up with rates and fees for each one, explains Doyle.“If you’re a merchant and you take 100 different credit cards a month, that’s 100 different rates and fees,” he says. As a result, processors are being charged a certain amount for each account and they are charging their customers. According to Doyle, there’s a good chance you are on a certain pricing structure, and not even be aware of it.Merchant Pro Express can look at our credit card processing statement and see where we can save money based on what the financial industry calls basis points, a unit of measure defined as one hundredth of 1 percent that enables them to compare interest rates.As Doyle put it best, “It’s all about basis points.”And he should know.Too many small businesses today are still carrying legacy debt on their books that is very difficult to refinance. Thanks to our association with direct lenders like PowerUp Lending Group’s Jay Kirchner, we’ve learned how to tip the balance in our favor.“As a direct lender, we’re able to make decisions quickly and provide answers for small to medium-size businesses that have been shut out of traditional banks,” Kirchner says. “At PowerUp, we have carved out a great niche as an industry leader in the direct lending space by providing loan consolidation options for our clients.”We’ve been able to roll up our existing loans into new loans with more comfortable payback periods, and that’s enabled us to concentrate on what we do best.• Change Up Your Insurance When’s the last time you bid out your business insurance? Good question, and we can thank James Harnett, senior vice president at The Whitmore Group, Ltd., in Garden City, for posing it to us.“There are always new carriers getting in and old ones getting out,” Harnett says. “It’s good to test the marketplace.”Of course, insurance carriers like to put a premium on continuity and staying power, but he recommends doing your due diligence every two to three years by perhaps contacting two or three other carriers besides the one you’re currently with. Why? First, of all, you “keep your carrier honest,” he explains. If your present carrier likes your account, and you get a competitive bid lower than what you’re paying, you might be able to negotiate a reduced premium.But since no two insurance policies are exactly the same, Harnett points out, you have to weigh cost and quality. “Coverage counts,” says Harnett. “Balance them both.”And some coverage out there, as he notes, “is not worth the paper the policy is written on.”Here’s something else to consider, Harnett advises, how your insurance carrier handles your claim. If you’re happy, go for it.“When you see the policy working,” says Harnett, “that’s what can really sell the insured.” But as he’s taught us, there’s a lot that goes into it. “It’s not just price,” he says. And that’s something every business should learn when it comes to considering their insurance.• Barter Domenic A. Casillo, the president of TradeWorks in Kings Park, taught us the modern value of the ancient barter system, one of the oldest forms of payment.“We help our members use leverage to create buying power,” says Casillo. “How they create that leverage is based on their cost of goods.”He explains that when you’re a member of TradeWorks, you don’t have to do a direct one-on-one trade. Instead, you can accumulate trade credit and use it to obtain what you’re after. “It’s a lot harder to find two people who need each other’s services,” Casillo says. “It’s a lot easier to find somebody who needs somebody’s services and then that person needs somebody else’s services and so on and so on.” Now five years old, TradeWorks has more than 400 members on Long Island, with services ranging from plumbing to accounting and so much more it’s mind boggling. And that’s not all.“We go outside our initial system and deal with people throughout the country to give our members other opportunities,” he explains. For instance, he did a deal with a company in Pennsylvania that bought a lot of exercise equipment from one of TradeWorks’ Long Island clients. In exchange, he hooked up a member with a hotel room, a hot air balloon ride and a winery tour.Typically, TradeWorks helps facilitate the transactions, as well as making sure that everybody is getting a fair deal.“It’s a great way to use leverage to create more buying power and also to expand your market share by introducing your product to people who wouldn’t normally work with you,” he explains. “That’s the beauty of it!”And we couldn’t agree more.• Monthly Financial Reports Our accountants, DeFreitas and Minsky, CPAs, made us realize how too many small businesses see their accountants only once a year just to get their taxes done, and they lose out on the cost-saving potential of consulting with their accountants much more frequently, either monthly, quarterly, or every six months. No question it’s been a huge benefit.“We changed our business model about 25 years ago,” says Manny DeFreitas, “dedicating ourselves to meeting and communicating with our clients as much as possible. Visiting the clients at their place of business is by far the most effective. We get to see then in their comfort zone and see the operations firsthand.”He says that the clients who see them monthly have been the most successful. “We normally prepare monthly financials that we review with the client in their office,” DeFreitas explains. “When there is a question, someone is there who knows the answer or can find it.”The frequency is important, he stresses, because that means the financial information is most up to date.“If the financial information is not timely, it is futile,” DeFreitas explains. “Our outside eyes look at things differently from the business owner. This is obviously a very important and powerful tool for the client.”It’s certainly worked to our advantage.• Cloud Computing Not too long ago Gerard Hiner at Webair Internet Development, Inc. convinced us to consider the cloud instead of hosting our software and website in house. Redundancy and connection speed are two of the factors he helped us consider when we enlisted his company’s services.“Cloud computing enables companies to realize significant cost savings compared to hosting their infrastructure, software and websites in-house,” Hiner says, “mitigating the need for large capital expenditure investments, and server and system maintenance, software licensing and upgrade expenses, and power and cooling costs.”Hosting our system in a state-of-the-art facility like Webair’s NY1 datacenter also allows for increased reliability, low latency connections and personalized service that a company like ours simply cannot get with hosting providers located thousands of miles away.And in a hurricane prone region like ours, there’s another benefit, as we found out firsthand. “Webair’s NY1 datacenter is the most redundant facility on Long Island, so there is no fear of costly downtime in the event of a disaster, power or hardware failure or data corruption or loss,” says Hiner.That lesson not only saves cost, you might say it’s also invaluable.• Strategic Alliances In the new economy, Kirk Kordeleski, former CEO of Bethpage Federal Credit Union, has given us a lesson in the new math: 1 + 1 = 3. That’s right, with the right combination, the sum can be bigger than the parts. Kordeleski, now the CEO and Founder of Kordeleski Consulting, a national consultant in the credit union field, is a big proponent of the benefits of strategic alliances.“A lot of the work I’m doing with both small and mid-sized companies,” says Kordeleski, “is to look at shared services, which are basically the backroom operations: accounting, HR, legal services, marketing, things that are essential for companies to be successful.”As Kordeleski sees it, too many small to midsize firms “try to do it all themselves by hiring people who aren’t as skilled because they can’t afford them. Our strategy for these folks is to put their work together where they have like businesses and to help them find ways to consolidate those backroom operations into things that are more professional, quicker to market and more cost effective.”The goal is to produce a winning combination.In our case, we forged a strategic alliance with Bethpage Federal Credit Union to further the Best of Long Island promotion.“That is a great example of putting together two organizations that have a common interest in business on Long Island and creating a brand that works,” says Kordeleski. This partnership enabled us to use our skills and broaden the image of Bethpage as a community-oriented financial institution with a unique engagement at the local level in a wide range of enterprises.In his new consulting role, Kordeleski is helping businesses learn how to profit from those shared savings, in other words: to invest those resources rather than let them lie dormant. Whether these savings come from improved digital expertise, faster speed to market, market expansion, or just being more mobile across more channels, the idea is to reach the consumers who are the ones ultimately making the decisions about your products and services.“Use the money you save from operations that don’t add value to your company but have to be done,” advises Kordeleski, “and put them into parts of your company that can make it grow and enable it to compete in the future.”We couldn’t have said it better ourselves. But then, we’ve learned from the best.last_img read more

How to fail at mobile lending without even trying


first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Preston Packer Preston Packer is the Director of Sales & Marketing for FLEX. Preston has been with FLEX since 2000 and has worked in various sales management roles over that time. Preston’… Web: www.flexcutech.com Details Your 2016 goals and strategy are no doubt set, and if you’re like most credit unions we talk to mobile lending is on that list. We see the rise in social media and the need to appeal to younger members as the main push for CU’s to adopt mobile lending, and we understand that technology is changing the way members access financial services. However, as much as mobile lending is an opportunity for credit unions to gain more revenue and new members, how much of an impact will it make to your bottom line? Will the amount of new business justify the expenditure?With the right core in place, you are presented with the opportunity to introduce new technology to your product offering with relative ease. Thanks to integrated apps, if your credit union core has kept up with the pace of technology, going to market with a product like mobile lending may not require as much up front work or costs as you fear.View our “Loans To Go!” eBook on using your core technology to master mobile lending.But just having the product available is not enough to ensure success. Here are some common ways to fail in your planning and implementation of mobile lending for your CU:1) Making too many assumptions about your members and their demographics Most credit union executives understand the demographics of their current and potential member base, and how they are changing, and then project those changes on to their offering. But be careful in drawing too many conclusions. Credit unions with aging members should not assume that mobile technologies only target the young. However resistant to adoption, older members will depend increasingly upon mobile technology as they live longer lives and as their mobility declines. Consideration of demographics like this can illuminate a long-term vision for mobile lending.2) Assuming your mobile lending is the only game in town Gauge your members’ susceptibility to competing alternatives. It’s a strong bet that your neighborhood loan shark can be found in the app store. Whether from some obscure shadow banking outlet, or from a major player like Quicken or Google, members have many new sources of cash. Take the time to understand these encroaching services and assess the extent to which your members are susceptible to them. As you do so, you will see opportunities to differentiate and better estimate demand for your mobile loan offerings. For example, credit unions who offer remote controls for cards enjoy a distinct competitive advantage in promoting credit card loans to members who travel, who shop online or who might be otherwise uniquely exposed to fraud risk.3) Targeting members’ stereotypesA recent study around the use of big-data reveals that “interests, opinions and overt behaviors are a much better indicator of customer demand” than traditionally-defined market segments. In other words, indicators like income, ethnicity or education matter much less than your member’s personal credit score, substance abuse record, work-place habits or spending patterns.While most credit unions think big-data is something accessible only by government entities and internet wizards, it’s really not. Big-data is any resource that helps you construct an intimate picture of how your members behave and what motivates them. As you analyze information you already possess in your loan portfolio and account records, you will better see how those pictures of your members fit into your strategic landscape for mobile lending.4) Not even tryingSimply NOT considering and thoroughly analyzing mobile lending is a sure-fire way to fail at it.  Even if you determine it is not right for you, doing your due diligence to assess it will benefit you, while ignoring it would be a huge mistake. Most Americans now own a mobile phone and mobile has overtaken PC usage on the internet. It was just announced that in 2015, the number of weekly mobile bankers exceeded weekly branch bankers. Nearly 70% of online product searches lead to action within an hour and mobile loan products should be no exception!Assessing the impact of mobile lending is important, but be sure you get there, and get your implementation right. Tier-1 mobile apps, such as those developed by FLEX, integrate directly into your credit union core processing system so they can deliver the efficiency and advanced capabilities that your staff and your members will demand. You’ll find integrated systems to be indispensable to your success in the mobile arena.Download our new eBook: Loans To Go!last_img read more

AREC 2019: How a broken toilet seat landed James Packer’s $70m property deal


first_imgMedia mogul James Packer and Erica Baxter after a swim at the “Eden Roc” hotel in Cap d’Antibes on the French Riviera, in 2007. AFP PicValery/Hache“She said she liked it but wanted her friend to come through,” Mr Pallier said.“He (Packer) turned up in a Range Rover and was taller than I expected.“I wasn’t intimidated, he was just really tall. He said the house was beautiful and offered the asking price but Erica tapped him on the shoulder and he then said he didn’t know the market well and wanted to get another friend to have a look.“I then got a call saying Erika and James wanted to sign the contract before flying to London so I ran out of the office.“The plane was about to take off. I didn’t realise until then that it was his plane.”More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoMr Pallier said the contract was signed and then sometime later he received a frantic phonecall from Erica’s personal assistant. First homebuyer interest spikes as interest rate cut looms Mr Pallier personally fixed a broken toilet at Erica’s house and then later landed the listing, and sale, of James Packer’s Vaucluse mansionThe toilet seat was cracked and there was a house party within hours.“They asked if I could fix the toilet seat so I went over, tore of the seat, went to Bunnings and fixed the toilet seat,” he said.“A few years later, they then bought in Vaucluse. The friend (who Packer had called to check out the earlier property) called and said they had appreciated that I had fixed the toilet seat and that they wanted me to sell the big $70 million house.”Mr Pallier said every agent should “do the very best you can” and remember that real estate is a “people business”.He said he spends only one or two days a month in the office, instead working from his black Lexus.But even that has its pitfalls.“I wear a tie and am always on the phone so people think I am an Uber driver,” he said.“This guy Luke Mangan, the top chef, came out of the restaurant with his wife, opened the back door of my car and gave me an address.“It was nearby and I just thought it wasn’t worth explaining (that he was not an Uber driver).“To this day I don’t know if he realises I am not an Uber driver.” “Sometimes its out of your control and you have to move on.“I wake up every day and I must drive my wife crazy. I wake up, give her a big cuddle, we look out and look at the weather.“I am from Woolllongong and my wife is from China so we just look at each other and think, how lucky we are we?“You have to have a goal, a road map of where you want to get to, you have to keep learning and you have have to be accountable.” Market locks in historic rate cut AREC 2019It was when a customer mentioned that he had received better service buying a Rolls Royce than he did selling his house that a light bulb went on for Mr Pallier, who made the decision to move in to property sales.He went to work in Sydney’s eastern suburbs, the epicentre for high end sales and mega mansions.“I never doorknock, I never cold call,” he said. “That first three months, I did no prospecting.“I went to other agents open houses and learned about the market.”But it was a young woman interested in a $4 million house in Vaucluse that cemented Mr Pallier’s position in prestige property.Her name was Erica Baxter, the then girlfriend of James Packer, and soon-to-be wife. The couple have since divorced. Prominent agent Michael Pallier and his wife LuLu Sun who deal with lots of Chinese buyers.center_img Michael Pallier is a prestige agent, not an Uber driver.But being a people person has paid off for the unassuming agent from the eastern suburbs.He said the commission on the Packer property was $1.23 million, split between himself and a co-agent.“$660,000 was my share. That was my biggest week,” he said.Mr Pallier’s key message was that consistency was the key to success, and to keep moving forward.“It is horses for courses. Your personality may not match someone else, but you just have to get your fair share,” he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Michael Pallier, Sydney Sotheby’s International Realty managing director.Speaking at AREC 2019, he told the crowd that he worked in the ‘experimental department’ where he learned of plans for a vehicle that didn’t require servicing.“I wanted to be a mechanic but then I realised that my job might go,” he said. “And I was pushed in to sales.” Baby boomer ‘house party’ goes off in luxury Hamptons twin set James Packer’s house on Vaucluse Rd, Vaucluse.PRESTIGE property agent Michael Pallier started out as a mechanic at Rolls Royce, and used to commute by train from his home in Woolloongong.His day would start at 5am, and he would get in to the workshop early so that he could clean the tools for the more senior mechanics.He became the NSW Apprentice of the Year, and moved to England to work for the luxury car maker. MORE REAL ESTATE NEWS: ‘Spelling Manor’ discount aims to leave buyers Charmedlast_img read more

USC vs. Ohio State tickets at a premium


first_imgWhat do you bring to a football stadium to go watch a game?If you’re talking about the Sept. 12 matchup between USC and Ohio State, you’ll need seat cushions, drinks and a grill for tailgating — and a whole lot of cash. Tickets for the game will cost at least four times the average face value of $63 — and those prices are strictly for the nosebleed seats.Main event · The Trojans must travel to Columbus, Ohio, to face the Buckeyes in one of their most highly touted games this season. Fans trying to buy tickets now, however, will be have to pay large sums. – Leah Thompson | Daily TrojanWith a capacity of 102,000 in Ohio Stadium, you might think that finding reasonably priced tickets for the game would be a none-too-strenuous feat. Not so, it turns out. Field-level seating, available only in the long-sold out contest, starts at $1,000. Seats on the 50-yard line — only two are advertised for purchase — are being offered on resale site StubHub.com for no less than $5,000 apiece.“Unfortunately, that’s the way of the world,” said Bill Jones, assistant athletic director for ticketing at Ohio State, in an interview with the Columbus Dispatch. “We don’t have a whole lot of control over it.”It makes sense that the game would draw a crowd. OSU and USC boast two of the most storied legacies in all of college sports, and the pair’s on-field rivalry is legendary. Having played 22 times in the last 70-odd years, the matchup is a close one, with USC just barely holding the edge, 12-10.Of course, fans will recall that last year’s game was a blowout, with USC dominating an overmatched Buckeye team 35-3 at the Coliseum. The losing team in this year’s match is likely out of the national championship picture, so it’s understandable that the Buckeye faithful would demand a premium price for parting with their tickets to next Saturday’s game.Still, those familiar with ticket resale admit that the prices being charged for seats are becoming excessive.“Ohio State fans [just] don’t often part with their tickets,” said StubHub spokesman Sean Pate. “You’re seeing some serious advantage for the seller.”Southwest Airlines, anticipating a crush of USC fans to attend regardless of cost, has added a flight to its regularly scheduled service, going so far as to offer a nonstop weekender that runs directly between LAX and Columbus.With game ticket prices that almost demand a second student loan, it seems likely that much of the Trojan faithful will spend this game rooting from the cheapest seats they can get: the ones in their living rooms.last_img read more

Crabs’ bats go cold, Caps take series opener


first_imgThe good news is that the Crabs can still finish off their 2019 campaign with a series win.The bad news, they won’t top off the summer with a sweep.The Humboldt Crabs fell 6-2 to the visiting Pacific Union Financial Capitalists in the first contest of a 3-game series between the two clubs, Friday night at the Arcata Ball Park.It started off well for the Crabs. Two of their top bats, Kokko Figueiredo and Damian Henderson, drove in runs off singles in the first inning to put the home team …last_img read more

BRICS summit ‘growing in stature’


first_img26 March 2012The fourth annual summit of the BRICS grouping of powerful emerging economies takes place in New Delhi, India this week.President Jacob Zuma will lead a high-powered delegation of South African government ministers and business leaders to the event, which will see the presidents and prime ministers of Brazil, Russia, India, China and South Africa discussion issues ranging from the state of the world economy to the need to adapt to global climate change.In parallel discussions, business leaders from the five countries will tackle a range of issues, including improving banking services to support intra-BRICS trade and investment, increasing cooperation on renewable energy and technological innovation, and achieving food security and through sharing scientific research and technology transfer.Rising stature of emerging nationsCommenting the increasing stature of the summit, Brand South Africa CEO Miller Matola said the relative decline of the West’s traditional political and economic power had coincided with the rising global stature of emerging nations.“The BRICS grouping is the most concrete and rapidly evolving example of this phenomenon,” Matola said in a statement on Monday. “In just four years, the formal agenda for cooperation and consultation has expanded dramatically to span politics, trade and business, science, academic and cultural interactions.”Matola said the BRICS countries would not agree on everything, being competitors in a number of areas, but had adopted many common positions – the most recent being at the G20 meeting in Mexico in February, when the BRICS finance ministers agreed that the presidency of the World Bank should be open to all candidates and not restricted to American candidates.US President Barack Obama’s nomination on Friday of Jim Yong Kim, a Korean-born doctor and international public health expert, “suggests these views are increasingly gaining traction,” Matola said.“Likewise, South Africa has found resonance within the BRICS grouping for its calls for the reform of global governance systems such as the UN system, the International Monetary Fund and the World Bank to make them more responsive to the needs of the developing world and Africa.”‘Enormous opportunities for trade and investment’Closer cooperation between the BRICS nations also promises enormous opportunities for trade and investment within and through all five member countries.Last year in South Africa, seven BRICS securities exchanges announced plans to cross-list each others’ indices and to jointly develop new products by June 2012. The seven exchanges represent a combined listed market capitalisation of more than US$9-trillion and 9 481 listed companies.Matola said the BRICS summit gave South Africa an invaluable opportunity to promote not just the country but also the extraordinary opportunities on the African continent, which the IMF estimates will be home to seven of the 10 fastest growing economies between 2010 and 2015.Actively driving African integration“We believe South Africa is an integral part of Africa and works to increase its stability, unity, prosperity and international influence,” Matola said.“We are actively driving Africa’s regional integration efforts, including developing continental north-south rail and road links, expanding ports and energy capacity and skills.“Simultaneously 26 African countries agreed to create a single free trade area by mid-2014, covering the Southern, Eastern and Central Africa. The $1-trillion free trade area will effectively expand South Africa’s market from 50-million to 600-million – placing us in a similar category in terms of market size as our BRICS partners.”The fifth BRICS summit will be held in South Africa in March-April 2013.SAinfo reporterlast_img read more

What Really Matters: Will Dilbert Do More Cartoons About the Cloud?


first_imgalex williams Now, all we can do is hope that the cloud consultant will return this year with more pungent advice. Will Dilbert do more cartoons about the cloud this year? Now these are the questions that matter! Lucky for us, we’ve started the first week of the year with today’s Dilbert feature about the consultant who utters the classic remark: “blah, blah platform.” Related Posts A Web Developer’s New Best Friend is the AI Wai… Tags:#cloud#news Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Marketlast_img read more

The New Firefox Is Awesome—But That Won’t Make It Relevant Again


first_imgTop Reasons to Go With Managed WordPress Hosting See also: 7 Reasons To Switch To Firefox, The Browser With A ConscienceThese results stem from the changes Mozilla stuffed under the hood. With new Web technologies known as WebRTC and ASM.js, Firefox developers specifically attacked the biggest causes of performance problems—third-party plugins and poor JavaScript handling.WebRTC (Web Real-Time Communication) eliminates the need for users to download separate bits of often poorly written software known as plug-ins, which have long been necessary to operate communication features such as video chat, audio calls and even peer-to-peer file sharing.ASM.js, meanwhile, essentially speeds up and optimizes the handling of code written in JavaScript. Huzzah! No more sitting around, waiting for a sluggish browser tab to load JavaScript.  Of course, numbers vary depending on whom you follow. According to StatCounter’s statistics, which cover both desktop browsers and tablets, Chrome is in the lead, way above both IE and Firefox. Either way, the Mozilla browser is sputtering along as Chrome usage continues to grow.  Related Posts 8 Best WordPress Hosting Solutions on the Market Firefox’s bad rep for buggy performance isn’t the only reason for its downward turn. It also has no powerhouse platform behind it. In other words, it’s not the default browser of any major operating system, so no users are tethered to it. You might say something similar of Chrome (at least today, though Chrome OS might be showing signs of life). Still, the Google browser has something else Firefox doesn’t—a ubiquitous desktop presence paired with a broad mobile reach. Users like cross-platform browsers for the sheer convenience. With one sign-on, Chrome users can sync bookmarks, login data and browser histories between all of their devices—whether Windows, Mac OS X, Android or iOS.Meanwhile, Firefox doesn’t run on iPhones or iPads,  which means it’s missing a huge chunk of the mobile market. Apple considers Firefox “browser non grata” because it doesn’t use Webkit, the underlying “rendering engine” that powers both Apple’s Safari and Google’s Chrome. And that’s not changing anytime soon.In other words, Firefox’s main rivals have home bases in their associated mobile platforms—Safari has iOS, Chrome has Android, and IE has Windows Phone 8. Firefox has nada. Well, not exactly nada. Mozilla did just launch Firefox OS, a new mobile operating system that hews to Mozilla’s Web-standard approach and that will first roll out on cheaper smartphones.It’s unlikely, though, that Firefox will get much of a boost from Firefox OS in the near term. It’s a new platform with a (very) limited reach, as phones based on this operating system are only headed for a few European countries and developing markets such as Latin America.See also: Two New Firefox OS Smartphones Spur The Future Of The Mobile WebIt’s ironic: One of Firefox’s strongest early selling points—independence that supersedes dedicated, restrictive platforms—is now a major obstacle for it.Forget Desktops—Mobile Is Where It’s At While the new Firefox browser is impressive, the whole conversation around desktop browsers may soon be irrelevant. Internet usage via mobile is on the rise. Some even think it’s only a matter of time before mobile dominates desktops. None of this is good news for a browser that struggles with mobile. It’s not Mozilla’s fault, says Website expert and SitePoint writer Craig Buckler. “Mozilla launched Firefox on as many [mobile] platforms as they could,” he says. In practice, though, that mostly means Android, where Firefox runs well behind Chrome and the stock Android browser. It’s a fairly small puddle to be playing in.But it’s not a matter of blame. It’s a matter of reach, especially in light of charts like this. adriana lee Even with these welcome changes, Firefox maker Mozilla still has an uphill battle on its hands. After all, it’s not easy to get jaded users to forgive and forget. And thanks to the much-hyped browser wars, the competition is fierce. No wonder Firefox continues to bleed users.Not Fast Enough To Plug This LeakThere’s no question that Firefox’s market share has sprung a slow leak.NetMarketShare’s desktop-browser numbers for June 2013 put Firefox market share at 19%. While that’s enough to seal second place behind IE’s 56%, it still amounts to a loss of more than a full percentage point since April. Google’s Chrome, meanwhile, improved its standing to a 17% share, an increase of a little less than a full point.  If the browser war was being waged on the desktop alone, Mozilla might have a chance with Firefox 22. It did the best it could on the mobile front by updating its Android app and launching a new mobile OS. But none of that changes the fact that iOS still accounts for 62% of U.S. and Canadian mobile Internet traffic. Unless and until Mozilla can figure out how to get into Apple’s hen house, this fox just may not have much fire left.Lead image via Flickr user mozillaeu, CC 2.0 A Web Developer’s New Best Friend is the AI Wai… After years of lackluster performance, the Firefox browser is back. Its latest incarnation—version 22, for those counting at home—is a speedy desktop browser featuring some fancy future-forward tech.It’s just too bad that the Web’s future lies in mobile, where Firefox still can’t win. Liberator And JailorYears ago, Firefox liberated Windows users from the stagnation of Internet Explorer, only to wind up imprisoning people with lags and system freezes. When it launched back in 2004, Firefox finally offered Web users an alternative to Microsoft’s lumbering, resource-hogging native browser. That was a revelation, and Firefox—which, among other things, offered then-novel tabbed browsing and pop-up blocking—inspired wild enthusiasm. In its very first year, the browser jumped out of the gate with 100 million downloads. The infatuation didn’t last. Users first seduced by Firefox’s rebellious sex appeal wound up in a long-term relationship with a bloated couch squatter. Through the years, it earned a bad reputation thanks to slowdowns, memory leaks and crashes.But that was then. Now Firefox has a brand new bag with version 22. Today’s Fox Is Fast I’ve been using Firefox 22 for roughly a week now, and it’s noticeably faster than before. Much faster. In fact, I’ve noticed that it runs neck and neck with Chrome on my system.I’m not alone in noting that improvement. Firefox 22 also outperformed Chrome in recent speed tests by Tom’s Hardware. The site pitted it against rivals Chrome 27, IE 10 and two different versions of Opera across four performance-based categories—wait times, JavaScript/DOM, HTML5/CSS3, and hardware acceleration. Firefox stunned testers by edging out long-time champ Chrome and nabbing the top spot.  Tags:#Browsers#Firefox#web Why Tech Companies Need Simpler Terms of Servic…last_img read more

Mayweather promoter tired of talk about ticket sales


first_imgDon’t miss out on the latest news and information. “We’re going to blow past our own record of $72 million; this fight is massive,” Ellerbe said.Mayweather and Manny Pacquiao’s “fight of the century” saw live gate receipts produce more than $71 million in revenue at the MGM Grand Garden Arena, easily surpassing the previous live gate record of $20 million, for Mayweather-Canelo Álvarez.Mayweather reiterated Ellerbe’s thoughts.“We’re doing crazy numbers, forget what you all (are) hearing. We’re doing crazy numbers,” Mayweather said. “Our fight is doing unbelievable numbers. The pay-per-view numbers are going to be unbelievable and we will have a sold-out crowd. I’m not worried about that.”ADVERTISEMENT That was until he was questioned about slow ticket sales for the upcoming fight between Floyd Mayweather Jr. and Conor McGregor on Aug. 26 at T-Mobile Arena.“I’m actually tired of hearing that question,” Ellerbe said, as the smile disappeared. “Right now, we have over 60 million dollars in the box office. What part of that remotely looks like ticket sales are slow? This isn’t a damn Rolling Stones concert. That’s the only thing that sells out in seconds. We’re talking about tickets that go from $500 to $10,000. That’s an expensive ticket.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsAs of Thursday evening, a general search for two tickets on Ticketmaster’s website showed 536 pairs available, ranging anywhere between $1,682.50 to $35,010.09 per ticket.And with thousands of seats still available, and the fight two weeks out, some believe the next sporting event that will sell out in that venue will be a Vegas Golden Knights game, when the newest NHL expansion team opens the 2017-18 season. Critics also believe with some second-tier seats carrying a five-figure price tag, the pay-per-view fee of $99.95 seems like a bargain. Floyd Mayweather Jr. trains at his gym Thursday, Aug. 10, 2017, in Las Vegas. Mayweather is scheduled to fight Conor McGregor later in the month. (AP Photo/John Locher)LAS VEGAS — Sixty-million dollars sounds pretty good to Leonard Ellerbe.Dressed dapper in a white shirt and slacks, topped with a navy pinstriped blazer, the CEO of Mayweather Promotions flashed an occasional smile while addressing the media Thursday at Mayweather Boxing Club.ADVERTISEMENT SEA Games: Don’t boo Schooling, Malaysians urged DILG, PNP back suspension of classes during SEA Games Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement PLAY LIST 00:44Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement05:25PH boxing team determined to deliver gold medals for PH01:49Pacquiao to Mayweather: Want fans to stop asking for rematch? Then fight me again02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Lacson: SEA Games fund put in foundation like ‘Napoles case’ NATO’s aging eye in the sky to get a last overhaul Celebrity chef Gary Rhodes dies at 59 with wife by his sidecenter_img NGCP on security risk: Chinese just technical advisers MOST READ Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Trump signs bills in support of Hong Kong protesters LATEST STORIES Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Sports Related Videospowered by AdSparcRead Next View commentslast_img read more