New technology creates hard metal surfaces that kill bacteria – Food Safety News

A treatment to infuse hardened metal surfaces with naturally occurring antimicrobial peptides has been developed by researchers at Purdue University.

In other words, the Purdue research teams technology can create hard metal surfaces that kill bacteria trying to attach to it.

David Bahr, team leader and professor of materials engineering at Purdue, said this technology applies primarily to food processing and cutting surfaces, which can be especially vulnerable to bacteria growth because of the materials and surface designs.

This technology can reduce the risk of cross-contamination. Cross-contamination is the transfer of harmful bacteria to food from other foods, cutting boards, utensils, etc. This is especially true when handling raw meat, poultry, and seafood, as placing them on the same hard surface as already cooked or ready-to-eat foods and fresh produce can spread harmful bacteria.

Our technology can help ensure that if a food processing facility was chopping salad greens, bacteria would not transfer from a contaminated surface to a cutting tool, thereby contaminating many more parts, said Bahr. When used in conjunction with food washing and other safe handling, this should allow fewer outbreaks of foodborne illness.

Bahr explained that the Purdue team creates an oxidized metal surface with nanometer-wide and micrometer-deep cracks where antimicrobial peptides can be infused in these microscopic cracks with a simple wet process. The material stored in the cracks release over time, and the oxidation process also colors the material, which provides a visual indicator of the materials remaining antimicrobial resistance. The process works on stainless steel and titanium and can be used on a wide range of commercial metal alloys.

The creators are now looking for partners to commercialize their technology.

For more information on licensing this innovation, contact Dipak Narula of Purdue Research Foundation Office of Technology Commercialization at dnarula@prf.org.

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New technology creates hard metal surfaces that kill bacteria - Food Safety News

3 ways to save money on school supplies, technology as schools will soon reopen – FOX 35 Orlando

Saving money on school supplies with refurbished tech

Savings Angel Josh Elledge speaks to FOX 35.

ORLANDO, Fla. - When it comes to back to school shopping, online retailers are lining up to help you fill your baskets.

FOX 35 experts suggestthree ways to save money

Josh Elledge, the Savings Angel, advises parents stagger spending, especially for big-ticket items.

He explains "As a parent it's tough, you're like oh darn, I have to buy 3 laptops right now? How am I going to do that? That's a really tough situation and what I advise is to generally stagger those kinds of investments as much as possible."

RELATED:The right learning option: Some students perform better, break bad habits while learning from home

Omri Traub,the founder and CEO of 'Popcart' -- anonline browser extension that helps shoppers compare prices and find the best deals, warned consumers that they need to watch out for a spike in prices for supplies.

"The prices online can be dynamic and can adjust. If you were shopping for back-to-school a month ago, you might have actually paid a cheaper price than what you're paying online now. Everybody is in the same mind set as you, so that's when shoppers online have to be especially careful," Traub explains.

Since a lot of kids will be learning from home this year, Lawrence Zarian, 'The Fashion Guy,' said that they still need to dress as ifthey are going into the classroom.

RELATED:Tips for teaching online when schools reopen this fall

"When it comes to back to school clothes shopping, look to buy out of season stock, commit to the clearance rack, shop second hand and browse Ebay or other E-tail auction sites for the best deals," suggests Zarian.

Tune in to FOX 35 Orlando for the rest a Classroom Survival Guide as reopening schools approaches.

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3 ways to save money on school supplies, technology as schools will soon reopen - FOX 35 Orlando

In Louisiana’s elections, technology is playing a huge role in campaigning amid coronavirus – The Advocate

In his bid to be elected chief prosecutor in the west bank parishes of the Baton Rouge metro area, Tony Clayton planned to hand out Krispy Kreme donuts at subdivision entrances, knock on doors, attend street parties and visit every social club he could find.

But that was before Louisiana had the nations highest ratio of infections in the coronavirus pandemic, upsetting traditional political campaign tactics.

Nobody wants to see some politician in a mask knocking on their door, Clayton said. Instead, he went digital.

For the next three months before the Nov. 3 elections, hundreds of Louisiana candidates will rely on technological interactions to replace looking voters in eye and listening to their concerns the method political strategists say is the most effective way to accumulate votes.

What is the best way to campaign in the age of masks and social distancing?

Boy, thats going to be a work in progress, said Republican U.S. Sen. Bill Cassidy, who is seeking a second term in November. Obviously, you cant work a restaurant because the restaurant is closed.

Cassidy said hes going to rely on Zoom town halls, tweets, Facebook postings and DIY video candidate shows.

U.S. Sen. Bill Cassidy arrived on the third and final day of qualifying to ensure his name is on the Nov. 3 ballot.

Members of Democratic Gov. John Bel Edwards campaign team have joined a newly formed Super PAC to support Shreveport Mayor Adrian Perkins' bid

So will Democratic Shreveport Mayor Adrian Perkins, Cassidys main rival among 14 opponents. Obviously, were going to have to heavily rely on technology. But mostly, well rely on our messaging, he said.

Technology could level the playing field to allow an underfunded candidate to compete. But if they think that itll make up their lack of money, they will be disappointed, said Joshua Stockley, a political scientist teaching at the University of Louisiana at Monroe.

Candidates wont be able to abandon some tried and true tactics. Grassroots organizing, yard signs, robo-calls and direct mail flyers, as well as television and radio advertising still will play important roles in campaigning.

But social media has taken on a heightened importance as candidates are forced to open new playbooks in light of the pandemic," Stockley said.

With the onset of COVID, you have to get the politics from a different perspective, Clayton said. You still have to talk to everyone in the room.

In many ways social media makes that task easier. As a well known member of the Black community, Clayton already had received invites to church events and neighborhood parties. But the 18th Judicial District is 58% White, and getting personal time inside social circles not used to seeing Black faces isnt as automatic.

Apart from occasional tweets, Clayton said he had no idea how social media worked. He hired veteran political strategist Roy Fletcher, of Baton Rouge, and a social media expert Darren Gauthier, of Denham Springs.

They put together a two-minute Do It Yourself candidate show, during which Clayton talked about his experience prosecuting felonies and expressed his hopes for criminal justice in the future.

We ran it for 10 days. We got 100,000 views, Fletcher said. A view is described as someone having watched it for more than 30 seconds. Thats quite remarkable because on Saturday, Iberville, West Baton Rouge and Pointe Coupee parishes had only 54,558 registered voters, meaning that even accounting for viewers in adjacent East Baton Rouge Parish, more than a few of the targeted audience saw the show more than once.

Longtime prosecutor Antonio "Tony" Clayton has made his bid to become the west side's next District Attorney official on the opening day for c

Clayton said he had heard the term geofencing but didnt really know what it meant before his campaign embraced the marketing technology. Basically, using radio-frequency identification, Wi-Fi, global positioning and Bluetooth, geofencing allows candidates to lock into computers and smartphones and have their content repeatedly pop-up on the devices of voters in the districts geographical boundary.

Clayton was elected prosecutor when nobody signed up to run against him for the open seat, which is virtually unheard of in Louisiana politics.

I dont know that social media levels the playing field. But it does give them an inexpensive way to articulate themselves to a large number of people, Fletcher said. Credibility still plays a big role. You have to have something to say and you have to be credible saying it.

Clayton is a known quantity in the 18th Judicial District, where he was chief felony prosecutor for years. He successfully prosecuted two serial killers, Derrick Todd Lee and Sean Gillis, sat on the Southern University System Board, palled around with Congressman Cedric Richmond, D-New Orleans, and partnered with the current district attorneys son state Sen. Rick Ward, R-Port Allen, in one the areas most prominent law firms.

Technology is catching up with a natural evolution in Louisiana that is moving past the face-to-face politicking to a more remote style.

U.S. Sen. David Vitter, the leading Republican candidate for governor in 2015, walked in neighborhood parades and shook hands at various festivals. The GOP standard bearer in 2019, Eddie Rispone, who is far more gregarious, rarely made personal appearances, relying almost exclusively on television advertising.

Television is still most important, but platforms like Facebook, Instagram, Snap Chat, and Twitter have been growing in sophistication, political strategists agree. For years, dozens of unknown candidates have said the use of social media would overcome establishment advantages of money and name recognition.

Few, however, have been successful.

An exception is Acadiana Congressman Clay Higgins, who in 2016 knocked off Public Service Commission Chairman Scott Angelle a former lieutenant governor, Cabinet secretary for two governors and nearly successful candidate for governor.

In his first campaign, Higgins filmed small gatherings in which the candidate spoke from the back of a pickup, then shook hands with the folks. Political videographer Chris Comeaux edited each video into slick, fast-paced vignettes that were available on Facebook and YouTube.

It was the combination of new media matched up with '30s campaign style, Comeaux said at the time.

The effort cost about $320,000 about a quarter of what Angelle spent on television, yard signs and the like.

But Higgins already was comfortable in front of the camera having become an internet sensation as a tough-talking cop in Crime Stoppers segments that ran on television news shows.

Though all of Louisianas incumbent congressmen seeking another two-year term drew opponents, only Acadianas U.S. Rep. Clay Higgins race is

In Higgins effort to win a third term in November, he faces opponents schooled in social media. One Democratic contender, Rob Anderson, of Sulphur, has about 100,000 Twitter followers and appears frequently in engaging DIY candidate shows.

Social media is going to be critical at getting out our ideas, said Braylon Harris, of Lake Charles, the other Democrat challenging Higgins who also has an easy manner in crowds.

Harris plans to enhance his social media with some old-style politicking, visiting small coffee shops, working the lines waiting to go into Walmart and the like.

Therell be no kissing of babies, Harris said. Well take precautions gloves, masks, 6 feet apart all that stuff. Its not optimal, but dont we want to win by spreading COVID-19.

Its a clichd scene in political theater: sign-waving throngs, urging their champion to take those final steps and pick up the mantle of leadership.

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In Louisiana's elections, technology is playing a huge role in campaigning amid coronavirus - The Advocate

Rugged technology to play pivotal role in future of manufacturing – The Manufacturer

The vast majority (92%) who have used rugged technology first-hand are keen to invest in more, according to a new multi-industry study.

Rugged technology is set to form a vital part in the future of manufacturing, with 64% of manufacturing professionals believing that tougher devices will be essential in their workplace over the next two years, with 44% users stating that tougher devices will form a vital part of the 5G revolution.

The research, published by Samsung Electronics UK, took in the views of employees and decision-makers in the sector, among others, to reveal current attitudes towards rugged technology.

Rugged refers to hardware including smartphones, tablets, laptops and wearables designed to operate in extremely harsh environments and conditions.

Samsung uncovered an array of key insights into the benefits and attitudes towards the wider adoption of rugged tech, with those already using or deploying it in their workplace saying the following:

While more than two-thirds (68%) of users claim that they cannot imagine work life without rugged technology, the survey also revealed a strong will from non-users to deploy it in the future.

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Rugged technology to play pivotal role in future of manufacturing - The Manufacturer

Volante Technologies Receives $35m of Growth Funding from Leading International Investors to Accelerate Cloud Expansion Globally – PRNewswire

NEW YORK, andLONDON, and DUBAI, UAE andMEXICO CITY, Aug. 3, 2020 /PRNewswire/ -- Volante Technologies Inc.,a leading provider of payments and financial messaging solutions in the cloud, today announced that it has raised USD 35M in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa Inc.

The capital raise represents the company's first outside investment after nearly two decades of strong organic growth and profitability. Volante will direct the capital towards accelerating its cloud expansion globally and its reach into new geographies, market segments, and industry verticals.

"We are thrilled to lead the first institutional investment in Volante and partner with its stellar team," said Vaibhav Nalwaya, Co-Founder and Managing Partner of Wavecrest, who will be joining the Company's Board of Directors. "Volante has built an impeccable reputation as a fintech that can quickly enter and dominate new markets. Shortly after launching their Volante Designer financial messaging platform, they became providers to some of the world's largest custodians and exchanges. Two years after entering the payments arena with VolPay, they processed the first U.S. real-time payment. Today, they can count four of the top five corporate banks among their more than one hundred customers."

"They've also rapidly emerged as the leader in cloud-based payments as a service," added Nalwaya. "With cloud and digital transformation becoming ever more critical for organizations of all types, Volante is perfectly positioned to capitalize on this arc of success. We look forward to accelerating the company's growth trajectory."

BNY Mellon and Volante have been collaborating since 2017 on creating and deploying real-time payment capabilities.

"We are excited to expand our strategic relationship by investing in Volante," adds Saket Sharma, Chief Information and Digital Officer for BNY Mellon Treasury services. "This reinforces our commitment to helping our clients leverage best-in-class products and services in their own digital transformations."

Citi's Treasury and Trade Solutions business has been working with Volante for several years and Volante currently serves as the translation layer across Citi's core payments infrastructure.

"Volante's solutions are already an integral part of Citi's payment processing architecture, underpinning the outstanding payments and transaction banking platforms for which Citi is known worldwide," explained Nick Nadgauda, Global Head of Treasury and Trade Solutions Technology at Citi."Our investment signals our confidence in Volante's technology and we look forward to enhancing our relationship for future engagements."

PostePay, a leading Italian Electronic Money Institution (EMI) and part of the Poste Italiane Group, is partnering with Volante to enable instant payments for SCT-INST as well as to provide a new transactional gateway to traditional interbank networks via their open banking platform.

Mirko Mischiatti, Group Chief Digital, Technology & Operating Officer at Poste Italiane, said, "Our investment in Volante is directly linked to our 'Deliver 2022' innovation strategy. VolPay's cloud-native microservices architecture will allow us to support current and future payment rails on and off the cloud. This will enable us to provide innovative customer experiences for over 14 million Poste Italiane account holders and 28 million cards as we continue to shift away from traditional payment methods to next-generation digital options and account-based payments."

Vijay Oddiraju, Co-Founder and CEO of Volante, commented, "We started Volante in 2001 with a clear purpose. We wanted to help financial institutions by providing modern solutions to simplify the complexity of their operations and accelerate business outcomes, from capital markets to custody to transaction banking."

Oddiraju continued, "Today, we process trillions in value and millions of transactions daily for the world's largest banks, financial institutions, card networks, market infrastructures, and corporations. We plan to invest further in cloud technologies and into other areas of financial services, as well as new industries. The fact that the majority of our strategic investors are clients is a testament to the mutual trust we have built over the years with a wide range of organizations."

Read more about the Volante journey and the company's future plans in CEO and co-founder Vijay Oddiraju's blog, "Taking Volante To The Next Level"

About Volante TechnologiesVolante Technologies is a global provider of technology and software as a service to accelerate digital transformation and modernization in financial services. Our clients include the world's largest banks, market infrastructures, exchanges, clearing houses, corporate treasuries, and card networks.

Volante's ecosystem of business services simplifies and automates complex systems and processes in payments, capital markets, and financial message integration. As a result, our clients are able to stay ahead of emerging market trends, become more competitive, deliver superior customer experiences, and grow their businesses through innovation.

Founded in Silicon Valley in 2001, Volante today serves as a trusted, strategic business partner to over 90 financial institutions in 35 countries.

For further information please visit: http://www.volantetech.com

About Wavecrest Growth PartnersBased in Boston, Wavecrest Growth Partners is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies. Wavecrest targets investments in profitable, high-growth technology companies with proven business models and brings to bear a unique combination of investing and operating expertise. Wavecrest's co-founders have three decades of combined investing and operating experience in growth-stage B2B technology companies. For more information, visitwavecrestgrowth.com.

About BNYM BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2020, BNY Mellon had $37.3 trillion in assets under custody and/or administration, and $2.0 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on http://www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at http://www.bnymellon.com/newsroomfor the latest company news.

About CitiCiti Ventures ignites change and reimagines solutions that drive economic progress for clients. Headquartered in Silicon Valley with offices in San Francisco, New York, London and Tel Aviv, Citi Ventures accelerates discovery of new sources of value by exploring, incubating and investing in new ideas, in partnership with Citi colleagues, our clients and the innovation ecosystem. For more information visit: http://ventures.citi.com/.

About Poste ItalianePost Italiane is Italy's largest service infrastructure network, providing postal, financial, insurance, payments, mobile & digital services to households, businesses and public administrations across the Country. For 158 years, with 12,800 Post Offices, 125 thousand employees, 548 billion total financial assets and almost 35 million customers, Post Italiane has been an integral part of Italy's social and productive fabric, unparalleled in terms of size, brand awareness, reach and trust. In 2019, the group's activities generated direct, indirect and induced impact on the Italian economy equal to approximately 12.5 billion GDP.

For further information please visit http://www.posteitaliane.it/en

SOURCE Volante Technologies

http://www.volantetech.com

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Volante Technologies Receives $35m of Growth Funding from Leading International Investors to Accelerate Cloud Expansion Globally - PRNewswire

The Covid-19 Crisis Is A Boost To Educational Technology Companies – Forbes

Closed schools, universities, and job training centers have made the need for online education ... [+] urgent.

In the daily flurry of negative news, investors should be careful not to lose sight of the fact that while Covid-19 has caused thousands of companies to struggle, default on their debt, or to declare bankruptcy around the globe, it has also created great business opportunities. With thousands of schools, universities, and job training center closed around the world, many since February, the need for online education for educators, parents, students and life-long learners has never been more urgent.

Covid-19 has caused a significant disruption in the world of education, but it has been a boon to education technology (EduTech) companies. Even when a vaccine for Covid-19 is approved, online education is here to stay filling gaps that already existed in education curricula. Online education has been helping reach underserved populations students as well as students with special needs and disabilities. Additionally, many parents and educators are likely to use online education to be ready for the next public health or natural disaster.

Anytime any student or client asks me for advice, I always tell them that long gone are the days when people went to a place of employment and stayed there for almost a lifetime.I myself take classes online several times a year to stay-up-to date in my professional field. The EduTech companies below cater mostly to K-12, but many also provide online education to students in higher education as well as to those looking for training for their current or prospective careers.

Salman Khan

Khan Academyis probably the most famous online educator. It is a not-for-profit with the stated mission of providing a free, world-class education for anyone, anywhere. Khans courses are for the youngest and oldest of learners. And Edutopia, which is an educational foundation founded by filmmaker George Lucas, is a treasure trove of free information, including on social and emotional learning, teacher development, and education research on project learning.

In addition to these not-for-profit online education providers, there are also a number of publicly traded companies from around the world that stand to gain from the rising demand for online education for learners from pre-school, primary and secondary schools, and colleges and graduate schools to post-graduate learners

EduTech Companies

Investors at banks and at institutional investing firms would do well to learn about these publicly traded companies, many of which are in education technology (EduTech) niche of the technology sector.

Arco Platform Limited (ARCE) serves more than 1,360,000 students and 5,400 private schools throughout Brazil from kindergarten to high school.

Chegg (CHGG) provides digital and physical textbook rentals, online tutoring, and other student services.

China New Higher Education Group (2001.HK) is an in person and online provider of vocational education and teacher training in seven provinces in China.

Connections Academy (LSE:PSON, NYSE:PSO) is owned by Pearson an online company for K-12 private schooling.

Instructure, Inc. (INST) is an online educator for K-12, college, and business professionals.

Kahoot (KAHOOT-ME.OL) headquartered in Norway, is an online educator for primary and secondary students as well as for lifelong learners in business. It was founded in partnership with the Norwegian University of Science and Technology.

K12(LRN)provides online education, in some cases with in person instruction, for elementary and secondary students. It also concentrates on providing world language instruction in Spanish, French, German, Latin, and Mandarin.

New Oriental Education & Technology Group Inc (EDU) is a Chinese company providing online pre-school 12th grade courses as well as consulting services to students wishing to study abroad.

Perdoceo Education Corporation(PRDO) is an online higher education provider where students can obtain undergraduate and postgraduate degrees.

Tal (TAL) is a China-based K-12 after school online educational and tutoring company.

2U (TWOU) is an educational technology company which partners with top universities to educate higher education and lifelong learners especially with technical skills.

The above companies shares and bonds may be bought singly, or in some cases, they are part of Exchange Traded Funds and mutual funds. Caveat Emptor! Buyer beware. In order to conduct your own due diligence on the above companies, please do your own homework and/or consult your own financial advisor.

Analyzing a company's strengths, weaknesses, opportunities, and threats can help you make your ... [+] investment decisions.

A good way to start your analysis is by researching the companies with an eye to analyzing their strengths and weaknesses and the opportunities and threats that lie before them. In combination, another framework that can help you analyze these companies is Harvard Business School Professor Michael Porters Five Forces model. This framework helps you look at the supplier power, buyer power, competitive rivalry, substitution threat and threat of new entry that can impact the companies that you are analyzing. Porters model can help you figure out the competitive advantages that these companies have.

For a more robust analysis of companies, I use a corporate credit framework.The purpose of a corporate credit analysis is to determine whether a company will default, and if it does, how much would a lender suffer in losses. This analysis encompasses identifying the country and economic factors that can impact the relevant industry, in this case, education technology. From there, you analyze the balance sheet, income statement and cash flow statements of the company in order to determine whether the company is sufficiently profitable and liquid to keep paying lenders and bond holders.

Corporate credit analysis

If like a stock analyst, you want to forecast the price of these companies shares, the methodology has some similarities to the corporate credit framework. Once you get to the balance sheet, income statement, and cash flow statement, you can design assumptions to create a net present value model to forecast the price of shares.Qualitative and quantitative information to help you conduct your SWOT, Porters Five Forces, a corporate credit analysis, or to forecast the price of shares, is in the live links above.

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The Covid-19 Crisis Is A Boost To Educational Technology Companies - Forbes

COVID-19 Transmission on Trains Investigated – Technology Networks

A study by scientists from the University of Southampton has examined the chances of catching COVID-19 in a train carriage carrying an infectious person.

Based on high-speed routes in China, researchers from WorldPop found that for train passengers sitting within three rows (widthwise) and five columns (lengthwise) of an infected person (index patient) between zero and ten percent (10.3) caught the disease. The average rate of transmission for these close contact travellers was 0.32 percent.

The study, in collaboration with the Chinese Academy of Sciences, China Academy of Electronics and Information Technology, and Chinese Centre for Disease Control and Prevention, also showed that passengers travelling in seats directly adjacent to an index patient suffered the highest level of transmission, with an average of 3.5 percent contracting the disease. For those sitting on the same row, the figure was 1.5 percent.

The attack rate for each seat the number of passengers in a given seat diagnosed with COVID-19, divided by the total number of passengers travelling in the same seat increased by 0.15 percent for every hour that a person travelled with an index patient. For those in adjacent seats, this rate of increase was higher at 1.3 percent per hour.

Interestingly, the researchers found that only 0.075 percent of people who used a seat previously occupied by an index patient went on to contract the disease.

Details are published in the journal Clinical Infectious Diseases.

The WorldPop team, experts in population mapping, used sophisticated modelling to analyse anonymised itinerary and infection data relating to train passengers on Chinas high-speed G train network. This included those who had COVID-19 at the time of travel and their close contacts (who showed symptoms within 14 days of travel). The data, covering a period between 19 December 2019 and 6 March 2020, included 2,334 index patients and 72,093 close contacts. Their travel times ranged from between less than an hour to eight hours.

Lead investigator, Dr Shengjie Lai, comments: Our study shows that although there is an increased risk of COVID-19 transmission on trains, a persons seat location and travel time in relation to an infectious person can make a big difference as to whether it is passed on. The findings suggest that during the COVID-19 epidemic it is important to reduce the density of passengers and promote personal hygiene measures, the use of face coverings and possibly carry-out temperature checks before boarding.

The researchers conclude that given the attack rates estimated for passengers in the same row as an index patient, a safe social distance of more than one metre is required for one hour spent travelling together. After two hours of contact, they consider a distance of less than 2.5 metres may be insufficient to prevent transmission.

Director of WorldPop, Professor Andy Tatem adds: Our research is the first to quantify the individual risk of COVID-19 transmission on public transport based on data from epidemiological investigations of disease cases and their close contacts on high-speed trains.

It shows that the transmission risk not only relates to the distance from an infected person, but also the time in their presence. We hope it can help to inform authorities globally about measures needed to guard against the virus and in-turn help to reduce its spread.

ReferenceMaogui Hu, Hui Lin, Jinfeng Wang, Chengdong Xu, Andrew J Tatem, Bin Meng, Xin Zhang, Yifeng Liu, Pengda Wang, Guizhen Wu. The risk of COVID-19 transmission in train passengers: an epidemiological and modelling study. Clinical Infectious Diseases, ciaa1057, https://doi.org/10.1093/cid/ciaa1057

This article has been republished from the following materials. Note: material may have been edited for length and content. For further information, please contact the cited source.

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COVID-19 Transmission on Trains Investigated - Technology Networks

Two chipmakers are the best bet on future tech growth, long-time tech investor Paul Meeks says – CNBC

One of the world's largest companies Apple has carried the tech sector higher this year.

The iPhone maker has rallied nearly 45% in 2020 and set another record high as recently as Friday, a day after a blowout earnings report.

But, Apple isn't the only way to play strength in the sector, according to long-time tech investor Paul Meeks who manages the Wireless Fund.

"Probably my favorite ideas, not necessarily in the near term because I can't predict the near term but over the next couple of years, are two semiconductor-related names," Meeks told CNBC's "Trading Nation" on Friday.

His first pick is Micron Technology, a chipmaker that has lagged a broad rally among the semiconductor stocks this year.

"I think they will double their stock price over the next two or three years, whereas some of the marquee tech stocks I think will continue to outperform but they can't double from here," said Meeks.

Micron is down 7% in 2020, while the SMH semiconductor ETF has gained 18%.

"Then the other one that I like is semiconductor capital equipment manufacturer ASM Lithography. Those two are probably my favorite ideas for tech over the next couple of years," he said.

While those are his top ideas, he says any tech investor should at least be exposed to some of the market's biggest companies including Apple, Facebook and Amazon.

"We're in a tech world and everything else is just revolving around us in the periphery," said Meeks. "Perhaps you don't like those valuations, there's some that I don't like at any particular time. But, these all are stocks that are probably over time, if you're a serious tech investor, must haves."

Disclosure: WIREX holds Micron, Apple, Facebook and Amazon.

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Two chipmakers are the best bet on future tech growth, long-time tech investor Paul Meeks says - CNBC

[What’s Next in Communications Technology?] Embracing the Next Generation of Communication: the Convergence of Technologies – Samsung Global Newsroom

The age of 5G is different from previous generations; businesses across various industries, not just the telecommunication field, are working hard to converge with the next-generation mobile communication industry. Users are increasingly looking ahead to a daily life characterized by large capacity, low latency and hyper-connected communication.

In the age of 5G, in which a wide range of cutting-edge technologies co-exist, Vice President Intaik Park chose softwarization as the technology that we should first turn our attention to. A hardware-based implementation needs replacements every time a new technology emerges, noted Park. But a product realized with software on a general-purpose server only requires software updates to implement and enable new technologies. We also anticipate that softwarization can greatly reduce facility investment and operation costs.

Many global companies are currently focusing on softwarization, thus gradually expanding the use of technologies. Conventionally, software application was limited just to core network equipment, but it has recently expanded to modem implementations that need to operate in real-time, something that was considered difficult to realize without specialized hardware. As network-related open-source projects such as Open Network Automation Platform (ONAP) emerge alongside the telecommunication industrys adoption of open-source systems for container management like Kubernetes from the IT industry, open-source software is spreading extensively throughout the communication industry, noted Park. He also explained that software development methods are changing too with the use of open-source software.

As well as softwarization, we also should be turning our attention to the role of artificial intelligence (AI) in communication networks. As communication technologies advance, so does their complexity and variety. This means that the need for AI is increasing, too. There have been many previous attempts to leverage AI for communications, just as with software. But in the next generation of communication, AI is set to emerge as the most indispensable technology.

As 5G operates on an ultra-high frequency (mmWave), it requires more base stations than LTE (Long Term Evolution) due to its shorter ranges. Furthermore, since base stations equipped with new technologies like network slicing have to adapt to their unique environments, the situation becomes much more complex. Leveraging AI for base station management so that they can be operated automatically and adjust to changing environments would reduce operation costs and optimize performance, said Park.

Whereas 5G involved implementing AI into communication technologies for efficiency and automation, we plan for AI to be embedded across all system components in 6G networks, said Park of the future of AI in communications. We expect AI to play an important role right from the design stages. Our plan is to converge the next-generation communication network with AI to make communication intelligent. Samsungs software and AI capabilities will have a huge synergizing effect on the industry.

Researchers at Samsungs Advanced Communications Research Centers advanced solutions team are charting the convergence of a variety of technologies

5G is a technology that has only just been introduced, meaning that there still many challenges to overcome. The key to the wide adoption of 5G technology is to identify applications (apps) that harness the particular advantages of 5G, noted Park. More apps capable of offering new services and values to people based on the core characteristics of 5G need to emerge.

Such apps that could win over the hearts and minds of users could potentially be realized using 5Gs ultra-low latency characteristic. Latency exists in every form of communication for example, watching the live broadcast of a football match on a 4G smartphone will mean that what is displayed is slightly behind the actual game.

By drastically reducing latency, apps that could not be realized previously due to a lack of storage or computing resources on devices could be enabled by offloading computation to remote servers in the form of real-time streaming, explained Park. Multi-access edge computing (MEC) technology brings the computing resources of a data center that may be physically far away from a user closer to further reduce the delays that have been already reduced thanks to 5G technologys ultra-low latency. This technology will be recognized as a key communications technology, along with 5G.

The telecommunications industry is laboring hard to overcome challenges and provide far-reaching, best-in-class services and values to users of the recently-commercialized 5G network, and Samsung Electronics is no exception. Samsung possesses an excellent foundation with which to create new solutions and services by merit of the companys wide portfolio of technologies that cover everything from mobile phones to telecommunication equipment. The development of 5G services and solutions based on both mobile devices and telecommunication equipment will be an area where Samsung can shine with its accumulated experiences in these industries, highlighted Park.

Key players in software and hardware development are now entering the communications industry. Manufacturers of CPU, GPU and other components are actively engaging their technologies through the softwarization of communication equipment. As edge computing such as MEC has taken on a vital role in the industry, cloud providers have also started to join the communications sector. Furthermore, the leaders of the automobile market are also getting involved with the communications market as attention on autonomous driving continues to grow. Companies from a variety of industries have turned their attention to the communications market, meaning that the market has a huge growth potential, noted Park. The competition will be fierce, but we will witness a lot of innovation, too.

Within this market landscape, Samsung plans to solidify its leadership through the convergence of its various technologies. Since the borders between varying industries are breaking down, communications technology is also converging with a wide range of other technologies, said Park. We will tailor our software, AI, cloud service and other technologies for the communications industry, one by one. When undergoing such changes, Samsung will firmly maintain its principles of communication while enhancing our competitive edge based on the experience we have gained through a long-time involvement in the ever-changing communications industry.

Park, who has worked in the software industry for a long time, is pioneering a new way in the communications industry. The move from local standards to global standards brought in more players as well as more opportunities, noted Park. Now, with softwarization and AI being applied, the industry has become an unpredictable land of opportunity. In the age of hyper connectivity, perhaps even the physical distance between things will fade away once everything converges. Let us see how far we can go to reduce that distance in the future. With this firm outlook, Park is set for success when facing the next challenges that may arise.

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[What's Next in Communications Technology?] Embracing the Next Generation of Communication: the Convergence of Technologies - Samsung Global Newsroom

Women Who Made Their Money in the Casinos – FemaleFirst.co.uk

28 July 2020

Forever dominated by droves of men testing their luck, the casino floor and the activity of gambling are often considered to be a game for the boys. However, anyone can accumulate the skill and knowledge needed to beat the casinos and the dominant players, with several women proving that.

Here are the women who gate-crashed the scene and earned their fortunes in casino games.

Alice Walker TV Champion

Las Vegas is famed the world over for the stars who take up residencies, like Lady Gaga, and its extravagant gambling houses. For three of the shows four seasons, Sin City was the host of the big-money World Series of Blackjack Tournament, which ran from 2004 to 2007.

The series was of such great intrigue because blackjack is a game of great skill and, as youll find when you learn about all the variations here, online blackjack has enough versions and facets that anyone can find a form that they enjoy and are good at playing. Whether you prefer something a bit different like crazy blackjack or more classic like pontoon, anyone can learn the game and build up their skill to conquer the tables.

WSOBs final season was likely the best, featuring celebrities like Shannon Elizabeth, Caroline Rhea, and Tiffany Michelle, but it was Alice Walker who would walk away as the champion. Having already won the Three-Card Poker Championship, which was also shown on television, Walker took the crown to remain as the final champion of the WSOB, landing a cool $500,000 in doing so.

Vanessa Selbst G.O.A.T

When it comes to the best female poker player of all-time, there isnt any doubt that the crown is worn by Vanessa Selbst. She would put in thegrind at tables all over the world and is now using her penchant for gambling on Wall Street.

The Brooklyn-native currently stands 68th on the all-time money list with a massive stack of $11.9 million in live poker earnings. Selbsts biggest live haul tallies at $1,823,430, which she landed on the Partouche Poker Tour in Cannes at the No-Limit Holdem Main Event. Her next-highest prize came by winning the No-Limit Holdem High Roller event in Barbados in 2013, reeling in over $1.4 million.

Jane Willis Ledgendary Team Member

While gambling is often a theme relayed in movies, one of the most notable films based on a true story is that of 21, which follows the story of the MIT Blackjack Team in Las Vegas.In the movie 21, Willis is portrayed by famous actress Kate Bosworth, who recently discovered a bear in her pool, but she says that her takings from the blackjack table have meant more than the money. Now, shes a successful litigator, putting her professional triumphs down to the mindset installed by training for the blackjack tables.

Alice Walker, Vanessa Selbst, and Jane Willis have all earned a fortune from conquering casino games, with poker and particularly the many forms of blackjack being their games of choice.

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Women Who Made Their Money in the Casinos - FemaleFirst.co.uk

Raytheon Technologies Reports Robust 2Q Results, Maintain Buy Rating – Forbes

(Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)

On July 28, 2020, Raytheon RTX Technologies Corporation (NYSE: RTX, $56.68, Market capitalization: $86.59 billion), a leading aerospace and defense company, reported robust 2Q20 results, beating the consensus revenue and Adjusted EPS comprehensively. The Company reported an adjusted sales of $14.3 billion in 2Q20 compared to $11.3 billion in 2Q19. However, the 2Q20 sales include legacy Raytheon business sales totaling about $6.9 billion. The Company reported an operating loss of $3.7 billion in 2Q20 versus an operating profit of $1.4 billion in 2Q19. The decrease in operating profit was primarily due to $3.2 billion in goodwill impairments in the Collins Aerospace business. The adjusted operating profit declined to $0.9 billion in 2Q20, down 46% YoY, as against $1.7 billion, while adjusted operating profit margin decreased by 840 bps to 6.2% in 2Q20. The Company reported a net loss of $3.9 billion as against net income of $1.2 billion in the prior-year period. In 2Q20, Raytheon reported an adjusted net income of $0.6 billion, down 44% YoY, as against $1.1 in 2Q19. The Company reported adjusted EPS of $0.4 per share, down 68% YoY, as compared to $1.24 per share in 2Q19.

Raytheon Technologies and Price Performance

Spin-Off Details

Valuation and Recommendation

We value Raytheon Technologies at $66.00 (Previously: $67.50) per share based on 2021e EV/ EBITDA multiple of 12.0x (Previously: 10.8x) for Pratt & Whitney (at ~2% premium to its peer median multiple), 12.8x (Previously: 9.5x) for Collins Aerospace (at ~2% premium to its peer median multiple), and 12.0x (Previously: 10.0x) for Raytheon legacy businesses (Raytheon Intelligence & Space and Raytheon Missiles & Defense) at ~6% premium to its peer median multiple. We retain our Buy rating on the stock with an implied upside of 16.4% from the current market price of $56.68 as on 7/31. The current valuation factors in the slowdown in the aerospace industry caused by the COVID-19 pandemic and are likely to affect the business in the near future. Nevertheless, with its strong balance sheet and ample liquidity, we believe RTX continues to be well-positioned to deliver value over the long term.

Key Data and Top 5 Shareholders

FY20 Outlook

Raytheon Technologies did not provide a traditional outlook due to the ongoing uncertainty regarding COVID-19. However, for Collins segment, the Company expects commercial OE sales to be down in line with OEM production levels and aircraft delivery schedules, and commercial aftermarket sales to be down in line with expected RPM declines and the impact of the ADSB mandate headwinds. For the Pratt segment, the Company expects commercial OE sales to be in line with the main OEM customers, similar to Q2, and commercial aftermarket sales to be down given the more than 50% decline in legacy shop visits. For the military portion of Collins and Pratt, the Company expects to see strength in military sales in mid-single-digit growth. In RIS and RMD segments, the Company did not change the outlook given in the first quarter and still expects RIS and RMD combined sales in the range of $22.1 22.6 billion and operating profi t in the range of $2.4-2.5 billion for the remaining of FY20.

For EPS, the Company expects Q3 to generally be in line with Q2 with some puts and takes, and then a gradual recovery beginning in Q4, as demand begins to return and more of cost actions are realized.

The Company still expects pro forma FY20 free cash fl ow for the full year of roughly $2 billion. This includes an outflow of $1.2 billion to $1.4 billion for merger cost restructuring and cash taxes on dispositions. Also, the Company expects capex spending in the range of $1.5-$1.7 billion. Overall, the Company expects the rest of the year to be challenging for the commercial aerospace segments. However, it continues to expect growth from the defense businesses and positioning the Company for a healthy recovery in the long term.

Other Business Updates

Bookings and Orders - Backlog at the end of 2Q20 was $158.7 billion, of which $85.6 billion was from commercial aerospace and a record $73.1 billion was from defense.

Notable defense bookings during the quarter included:

i) $2.3 billion on the Army Navy/Transportable Radar Surveillance-Model 2 (AN/TPY-2) radar program for the Kingdom of Saudi Arabia (KSA) KSA at Raytheon Missiles & Defense (RMD)

ii)$1.4 billion on a number of classified programs at Raytheon Intelligence & Space (RIS)

iii)$299 million for Standard Missile-3 (SM-3) for the Missile Defense Agency (MDA) and an international customer at RMD

iv) In addition, during the quarter RMD was selected by the U.S. Air Force to develop the Long-Range Standoff Weapon (LRSO).

Cost-cutting Plan - The Companys cost-cutting plan is on track. During 2Q20, RTX reported $600 million of $2 billion planned cost reduction and $1 billion of $4 billion planned cash conservation targets.

Quarterly Cash Dividend - On 6/8, RTXs Board of Directors declared a quarterly dividend of $0.475 per share, payable on September 10, 2020, to shareowners of record on August 14, 2020.

Collins Aerospace - Collins Aerospace Systems has developed and introduced the only Cabin Air Recirculation high-efficiency particulate air (HEPA) filter installation kit for use on Dash 8 aircraft. The HEPA filter kit mounts inside an aluminum enclosure along with a prefilter and together trap at least 99.97% of the harmful airborne particles that have a diameter of 0.3 micron. These include bacteria, viruses, pollen, dust, mites and other microscopic airborne contaminants in aircraft environmental control systems.

Pratt & Whitney - P&W-powered helicopters, by Pratt & Whitney Canada engines, have proven to be critical assets during the COVID-19 pandemic, providing key support in emergency medical operations and transportation missions.

Raytheon Intelligence & Space (RIS) - Raytheon Intelligence & Space will build two prototype sensor payloads for DARPAs Blackjack program, under a new contract awarded by DARPA. Blackjack is a low Earth orbit satellite constellation program that aims to develop and demonstrate the critical elements for persistent global coverage against a range of advanced threats. It seeks to track multiple threats simultaneously for the faster and earlier warning for national security.

Raytheon Missiles & Defense (RMD) - Raytheon Missiles & Defense shipped the first three arrays for the Air & Missile Defense Radar (AMDR), to the U.S. Navy during the second quarter. AMDR, part of the SPY-6 family of radars, will provide significantly enhanced range and sensitivity for U.S. Navy Flight III destroyers.

2Q20 Results Review

In 2Q20, adjusted sales came in at $14.3 billion versus $11.3 billion in the 2Q19. The total sales comprise of $3.6 billion from Pratt & Whitney, $4.3 billion from Collins Aerospace, $3.3 billion from RIS and $3.6 billion from RMD. The Company reported an operating loss of $3.8 billion in 2Q20, as compared to an operating profit of $1.4 billion in 2Q19. However, the Company recorded a goodwill impairment charge of $3.2 billion in 2Q20. In 2Q20, adjusted operating profit declined to $0.9 billion, down 46.5% YoY, as against $1.7 billion, while adjusted operating profit margin decreased by 840 bps to 6.2%. In 2Q20, the Company reported a net loss of $3.8 billion as against net income of $1.2 billion in the prioryear period. In 2Q20, the Company reported an adjusted net income of $0.6 billion, down 44.4% YoY, as against $1.1 in 2Q19. The Company reported adjusted EPS of $0.4, down 67.7% YoY as compared to $1.24 in 2Q19.

2Q20 Results Review

1H20 Results Review

In 1H20, sales increased to $25.4 billion, up 14.1% YoY, as compared to $22.3 billion in the 1H19. The total sales comprise $8.8 billion from Pratt & Whitney, $10.6 billion from Collins Aerospace, $3.3 billion from RIS, and $3.6 billion from RMD. In 1H20, adjusted operating profit declined to $2.6 billion, down 22.2% YoY, as against $3.3 billion, while adjusted operating profit margin decreased by 480 bps to 10%. In 1H20, the Company reported a net loss of $3.4 billion against net income of $1.9 billion in the prior-year period. In 1H20, the Company reported adjusted net income of $1.7 billion, down 19.5% YoY, as against $2.2 in 1H19. The Company reported adjusted EPS of $1.42, down 43.7% YoY as compared to $2.52 in 1H19.

Segmental Information

Pratt & Whitney

In 2Q20, Pratt & Whitney adjusted sales declined to $3.6 billion, down 30% YoY, as compared to $5.2 billion in 2Q19, primarily due to the pandemics impact on OEMs and operators. Commercial OEM sales were down 42% YoY, and commercial aftermarket sales were down 51% YoY, partially offset by military sales, which were up 11% YoY. The decrease in commercial sales was due to a significant reduction in shop visits and related spare part sales and commercial engine deliveries principally driven by the current economic environment. The Company recorded an adjusted operating loss of $151 million for 2Q20, compared to an adjusted operating profit of $452 million in 2Q19. The decrease in adjusted operating profit was due to lower commercial aftermarket sales volume and unfavorable mix.

Pratt & Whitney Adjusted Sales 2Q20

For 1H20, adjusted sales declined to $8.9 billion, down 10% YoY, as compared to $10 billion in the prior-year period. In 1H20, adjusted operating profit recorded at $0.4 billion, down 61% YoY, as against $0.9 billion, while adjusted operating profit margin decreased by 540 bps to 4.1%.

Collins Aerospace

In 2Q20, Collins Aerospace adjusted sales declined to $4.3 billion, down 35% YoY, as compared to $6.6 billion in 2Q19, primarily due to the adverse impacts of COVID-19 on the aerospace industry. Commercial OEM sales were down 53%, and commercial aftermarket was down 48%, partially offset by military sales, which up 10%. The decrease in commercial sales was due to the current economic environment, which has resulted in lower flight hours, aircraft fleet utilization, and commercial OEM deliveries. The Company recorded an adjusted operating proft of $24 million, down 98% YoY, from $1.3 billion in 2Q19. The decrease in adjusted operating profit was due to lower commercial aerospace OEM and aftermarket sales volume.

Collins Aerospace Adjusted Sales 2Q20

For 1H20, adjusted sales declined to $10.8 billion, down 18% YoY, as compared to $13.1 billion in the prior-year period. In 1H20, adjusted operating profit was $1.3 billion, down 48% YoY, as against $2.5 billion, while adjusted operating profit margin declined by 700 bps YoY to 12.2%.

Raytheon Intelligence & Space

Raytheon Intelligence & Space includes legacy Raytheon Companys Intelligence, Information, and Services segment and Space and Airborne Systems segment. In 2Q20, the RIS segment reported sales of $3.3 billion. The segment reported an operating profit of $311 million, with a margin of 9.4% in 2Q20. 2Q20 results do not include the RIS pre-merger stub period from March 30, 2020, to April 2, 2020, which had an estimated $200 million of sales and $20 million of operating profit.

Raytheon Intelligence & Space

Raytheon Missiles & Defense

Raytheon Missile & Defense

Raytheon Missiles & Defense includes legacy Raytheon Companys Missile Systems segment and Integrated Defense Systems segment. In 2Q20, the RMD segment reported sales of $3.6 billion. The segment reported an operating profit of $397 million, with a margin of 11.1% in 2Q20. 2Q20 results do not include the RMD pre merger stub period from March 30, 2020, to April 2, 2020, which had an estimated $200 million of sales and $25 million of operating profit.

Valuation

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services under four industry-leading businesses - Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.

EV/EBITDA Valuation: We value Raytheon Technologies at $66.00 (Previously: $67.50) per share based on 2021e EV/ EBITDA multiple of 12.0x (Previously: 10.8x) for Pratt & Whitney (at ~2% premium to its peer median multiple), 12.8x (Previously: 9.5x) for Collins Aerospace (at ~2% premium to its peer median multiple), and 12.0x (Previously: 10.0x) for Raytheon (at ~6% premium to its peer median multiple). Our valuation also takes into account net pension and post retirement obligations of $14.97 billion. We retain our Buy rating on the stock with an implied upside of 16.4% from the current market price of $56.68 as on 7/31. The current valuation factors in the slowdown in the aerospace industry caused by the COVID-19 pandemic and which will continue to affect the business in the near future. However, RTX has a diversified portfolio, and its defense business is expected to offset near term commercial aerospace headwinds. Nevertheless, with its strong balance sheet and ample liquidity, we believe RTX continues to be well-positioned to deliver value over the long term.

2021e EV-EBITDA Raytheon Technologies

Peers

Company Description

Raytheon Technologies (RTX)

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises four industry-leading businesses - Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. The Company delivers solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The Company, formed through the combination of Raytheon Company and the United Technologies Corporation UTX aerospace businesses, is headquartered in Waltham, Massachusetts.

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Raytheon Technologies Reports Robust 2Q Results, Maintain Buy Rating - Forbes

Salsa Technology and Atomo Gaming form partnership bond – iGaming Business

Salsa Technology and Atomo Gaming have joined forces to form an exciting content exchange partnership.

Atomo Gaming, a joint venture between ESA Gaming and Italtronic, will now have access to Salsa Technologys library of video bingo games. Candy Bingo, Super Zodiac Bingo and Farm Bingo are just a few of the popular games included in the deal.

The partnership will also see ESAs EasySwipe games portfolio integrated onto Salsa Technologys Game Aggregation Platform (GAP) and made available to operator partners in Latin America and beyond.

ESA Gamings EasySwipe product is a lightweight HTML5 mobile-first game family that integrates seamlessly into sportsbooks, allowing users to easily swipe in and out to enjoy the best-quality casino games without disrupting the sports betting experience. Games include traditional roulette and blackjack as well as the popular fruit-themed slot Fruit Staxx.

Commenting on the announcement, Salsa Technologys CEO, Peter Nolte, said: We are thrilled to partner with Atomo Gaming and to be able to offer ESA Gamings exciting portfolio of games to our platform partners.

Cross-selling is becoming increasingly more important and with ESAs product, operators can easily offer fun and easy to understand casino side games to bettors within their betting experience. Our proprietary games exchange will be of great benefit to both parties.

Zorica Smallwood, CEO at ESA Gaming, followed: Partnering with Salsa Technology will enable us to reach a wide new audience and is an important step for us as we focus on expanding in the Latin American region and beyond.

We have seen a lot of interest in our innovative products and were excited to launch our games with Salsa Technologys platform partners and its players.

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Salsa Technology and Atomo Gaming form partnership bond - iGaming Business

Roger McNamee – Wikipedia

Roger McNamee (born 1956)[1] is an American businessman, investor, venture capitalist and musician. He is the founding partner of the venture capital firm Elevation Partners. Prior to co-founding the firm, McNamee co-founded private equity firm Silver Lake Partners and headed the T. Rowe Price Science and Technology Fund.

McNamee is also a touring musician, first as a founding member of the Flying Other Brothers, and more recently in that group's follow-on band, Moonalice. Counting two groups, McNamee estimated that he had played 800 shows as of 2009.[4]

McNamee was born on 2 May, 1956 in Albany, New York.[1] His father, Daniel, was an investment banker. He was the president of the Albany chapter of the Urban League. Barbara, his mother, was a feminist during the 60s. When McNamee was 12 years old, he protested against the Vietnam War, and volunteered for Eugene McCarthy's campaign for president. [5] He has a BA in history from Yale University and an MBA from the Tuck School of Business at Dartmouth College.[6][1]

McNamee joined T. Rowe Price as an analyst in 1982, after receiving his M.B.A. from the Tuck School of Business.[3]

By 1989 he was leading the firm's Science & Technology Fund, a period when the fund returned about 17% annually to investors[7] and, in a move atypical for mutual funds, he made venture capital investments in Electronic Arts (which went public in 1989) and Sybase (which had its IPO in 1991).[8]

In 1991 McNamee co-founded Integral Capital Partners with John Powell and venture capital firm Kleiner Perkins to invest in expansion stage private companies and growth-stage public companies.[9]

In 1999, McNamee was one of the founding partners of leveraged buyout firm Silver Lake Partners.[10]

In 2004, McNamee co-founded Elevation Partners along with a number of other investors including U2 frontman Bono. He currently serves as its Managing Director.[11] Elevation Partners investments have included Palm, Inc., Forbes, and Facebook.[12]

McNamee is also a musician. He played in the band Flying Other Brothers from 1997 to 2006,[13] and now[when?] plays with the band Moonalice, using the stage persona of "Chubby Wombat Moonalice."[7] In 2014 he formed a duo with Jason Crosby called the Doobie Decibel System.[14] In 2015, The Doobie Brothers sued the band over the name.[15]

With Elevation Partners "perhaps best known for its early investment in Facebook," McNamee said in 2013, for him, music and technology have converged.

He became expert on Facebook by using it to promote ... Moonalice, and now is focusing on video by live-streaming its concerts. He says musicians and top professionals share the almost desperate need to dive deep. This capacity to obsess seems to unite top performers in music and other fields.[16]

McNamee is the co-writer of the Moonalice song "It's 4:20 Somewhere".[17] In August 2012 the Rock and Roll Hall of Fame announced that the digital logs for "Its 4:20 Somewhere" had been acquired for its library and archives, describing the Moonalice logs as helping to "...tell the story of musics digital revolution; specifically the rise of direct-from-artist (DFA) distribution. Moonalice is the first band without a label to achieve one million downloads of a song from its own servers, direct-from-artist. Its 4:20 Somewhere has been downloaded over 4.6 million times".[18][19]

According to The New York Times, McNamee has been instrumental in arranging at least two $500,000 donations to the Wikimedia Foundation.[20][21] Roger McNamee is a member of the Wikipedia Foundation's advisory board, and acts "as a special advisor to the Executive Director on business and strategy issues."[22]

Bill Gates wrote in his book The Road Ahead: "Roger was a great sounding board for many of the ideas I wrote about".[7] Mark Zuckerberg (who met McNamee in summer 2006 at a time when Facebook reportedly had buyout offers of around $750 million) said McNamee was "emphatic" that Facebook not be sold; Zuckerberg stated he "clearly cared about building something long-term and about the impact of the things we build as opposed to just making money in the short term," advice that Portfolio.com called "prescient": in October 2007, Facebook sold just 1.6 percent of the company to Microsoft for $240 million.[7] McNamee himself confirmed that.[23]

In the autumn of 2017 McNamee met with US legislators who were preparing to investigate Russian meddling in the 2016 US elections. McNamee had prepared for them a curriculum, stating that the real problem was the divisions social media platforms were creating among Americans, of which Adam Schiff, member of the House Intelligence Committee said, "Roger was really ahead of the curve. Time has borne out his warnings."[5]

McNamee has been heavily involved in the creation of the Haight Street Art Center which celebrates San Francisco's tradition of music-related poster art. He donated $1 million to help fund the Center, and has committed an additional $1 million to help keep it operating.[24]

An early investor in Facebook, McNamee became very critical of its impact on society and US democracy, as expressed in his Op-Eds for USA Today and The Guardian[25][26] Earlier, on CNBC, he said that he had tried to warn Facebook about the impact of Russian meddling in the 2016 U.S. elections.[27] He has also been interviewed by NPR on the topic.[28] As part of this effort, McNamee joined Time Well Spent as a Founding Advisor.[29]In May 2019, he appeared before the House of Commons privacy and ethics committee in Ottawa, calling for governments to temporarily shut down Facebook and other social media sites until they reform.[30]

McNamee wrote the book, Zucked: Waking Up to the Facebook Catastrophe, published by Penguin Press February 5, 2019.[31]

McNamee has been married to the musical theorist and singer/songwriter Ann McNamee since 1983. The couple founded an elephant sanctuary in Tehama County, northern California, now known as Tembo Preserve.[32][33][34][35]

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Roger McNamee - Wikipedia

Haywire movie review & film summary (2012) | Roger Ebert

Mallory is played by Gina Carano, a retired mixed martial arts fighter. Her range is suggested by having placed No. 5 on a Most Influential Women list on Yahoo! and No. 16 on Maxim's Hot 100. On the basis of "Haywire," I expect her to become a considerable box-office success, because the fact is, within a limited range, she's good. In the movie's first scene, she walks into a little cafe in upstate New York, sits down, sips a little tea and had me hooked. She has the no-nonsense beauty of a Noomi Rapace, Linda Fiorentino or Michelle Monaghan.

She plays an employee of a murky special contractor of the U.S. government; it's a firm that specializes in performing dirty work on assignment. Its own agents and enemy agents, who sometimes seem interchangeable, spend a great deal of time deceiving and double-crossing one another, and Mallory discovers during the course of the film that (spoiler, I guess) she can't trust anyone. Why so many people want to kill her is a mystery, because she is so gifted at her job.

Carano is wonderfully athletic, which is just as well, because she spends most of the film being wonderfully athletic. Although you never know in this age of special affects exactly what is real in a martial arts scene, let it be said she really does seem to be personally performing some impressive fight moves; there are the same elegant moments we remember from Bruce Lee and Jackie Chan, who were blindingly fast and ingenious in the way they improvised using walls, angles, furniture and the bodies of others.

Soderbergh is a master craftsman whose work moves almost eagerly between genres. This is his first martial arts film, and he correctly assumes that the audience isn't interested in hearing a lot of dialogue. Lesser directors would use that as an excuse to rely entirely on action and lowball the words. Not Soderbergh and his screenwriter, Lem Dobbs, who wrote "Dark City," is the son of the famous painter R.B. Kitaj and lifted his pen name from the Bogart character in "The Treasure of the Sierra Madre."

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Haywire movie review & film summary (2012) | Roger Ebert

Men’s Wearhouse, Jos. A. Bank Parent Company Files For Bankruptcy : Coronavirus Live Updates – NPR

An employee works inside a Jos. A. Bank retail store in San Francisco. The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs. Justin Sullivan/Getty Images hide caption

An employee works inside a Jos. A. Bank retail store in San Francisco. The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs.

A collapse in demand for suits and other office attire is leading another storied retailer across the brink, with the parent company of Men's Wearhouse and Jos. A. Bank filing for bankruptcy.

Parent company Tailored Brands had been struggling with debt and flagging demand before the coronavirus pandemic. But the temporary store closures and collapse in apparel sales during the health crisis took their toll.

Tailored Brands which also owns Moores Clothing for Men and K&G brands said in mid-July it would it would shutter up to 500 stores and cut 20% of corporate jobs.

Men's Wearhouse and Jos. A. Bank are joined in pandemic bankruptcy by upscale rival men's clothier Brooks Brothers, preppy retailer J. Crew, the women's retail group that owns Ann Taylor and Loft, as well as department stores Lord & Taylor, Neiman Marcus and J.C. Penney, among others.

"The unprecedented impact of COVID-19 requires us to further adapt and evolve," Tailored Brands CEO Dinesh Lathi said in a statement announcing the bankruptcy late on Sunday. "Reaching an agreement with our lenders represents a critical milestone toward our goal of becoming a stronger Company that has the financial and operational flexibility to compete and win in the rapidly evolving retail environment."

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Men's Wearhouse, Jos. A. Bank Parent Company Files For Bankruptcy : Coronavirus Live Updates - NPR

Windstream posts 2Q loss of $162 million as bankruptcy exit looms – talkbusiness.net

As it exits bankruptcy and re-emerges as a private company, Little Rock-based Windstream Holdings reported a second quarter net loss of $162.4 million on Thursday (July 30).

Windstream reported quarterly revenues of $1.185 billion, down from $1.286 billion a year ago. Its second quarter net loss of $162.4 million was in improvement from a year-ago loss of $544.1 million. Net loss per diluted share was $3.80 versus $12.76 one year ago.

Embroiled in bankruptcy negotiations for more than a year, Windstream has shed more than $4 billion in corporate debt, renegotiated terms with its largest vendors, and is moving to reposition itself as high-speed broadband and enterprise service provider. Windstream has secured approximately $2 billion in new capital to expand 1 gig Internet service in rural America.

Windstream delivered solid second-quarter results bolstered by strong consumer broadband growth and increasing demand for enterprise strategic products and services. With our plan of reorganization confirmed by the court, we are poised to emerge later this summer from restructuring stronger than ever to expand broadband to rural America and help businesses succeed in the digital transformation, said Tony Thomas, president and CEO of Windstream.

Additional quarterly highlights include:

For the three months ended June 30, 2020, Windstream added more than 22,000 Kinetic broadband customers, representing the companys highest quarterly net add growth in over a decade.For the first six months of the year, its kinetic division added more than 40,000 net new broadband customers, surpassing the companys full-year guidance of 40,000 new broadband customers. As a result, the company is increasing its 2020 full-year guidance to 60,000 net broadband customers.Enterprise strategic revenues grew 24% for the first six months of the year compared to the same period a year ago.

BANKRUPTCY EXITIn late June, a federal bankruptcy court in New York signed off on Windstreams exit plan, a move expected to result in a late August resolution.

Windstream initially filed for Chapter 11 bankruptcy a year ago after a legal ruling by U.S. District Judge Jesse Furman in New York determined that it had violated bond agreements after splitting off the former Communications Sales & Leasing (CS&L) in April 2015. CS&L was the previous name of Uniti, a real estate investment trust that was spun out of Windstream and manages its fiber optic network.

Furmans decisive ruling arose from challenges by Aurelius Capital Management and U.S. Bank National Association that the 2015 deal was invalid under the terms of a debt exchange offer and consent solicitations in respect to senior notes issued by its Windstream Services LLC to finance the spinoff. The court further ruled that Aurelius was entitled to a $310.5 million judgment, plus interest from and after July 23, 2018.

At the time of the ruling, Windstream said it would bankrupt the company, which led to the Chapter 11 filing. It also led Windstream, a former Fortune 500 company, to be delisted on the NASDAQ stock exchange.

The biggest obstacle to resolving the bankruptcy status was between Windstream and Uniti.

In a settlement announced in March and approved in May, Uniti agreed to invest up to $1.75 billion in growth capital improvements, consisting of long-term fiber and related assets in certain Windstream properties over the initial term of new leases.

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Windstream posts 2Q loss of $162 million as bankruptcy exit looms - talkbusiness.net

Bankruptcy court will try to resolve a fight between Neiman Marcus and its creditors – The Dallas Morning News

There are two Neiman Marcus stories playing out these days.

One is about how the luxury chain based in Dallas can survive the pandemic and exit bankruptcy as the largest of its class.

The other is a dramatic, high-stakes fight over an asset unfolding in bankruptcy court.

A Neiman Marcus creditors committee believes that Munich-based MyTheresa, a luxury e-commerce business, was improperly transferred by Neimans board in September 2018 from the retailer to its owners at the time, Ares Management and the Canada Pension Plan Investment Board.

Ares and the pension fund led the $6 billion leveraged buyout in 2013 that left Neiman Marcus with unsustainable debt and sent it into bankruptcy court after the pandemic shuttered its stores.

The committee says that when that transfer happened, the board inflated the total assets of Neiman Marcus by billions of dollars to prove that the retail chain had sufficient capacity to make the transfer.

The Dallas-based retailer valued its business at more than $7 billion in 2018 before the transfer of MyTheresa. The committee said in its filing Friday that its investigation valued the retailer at $3.9 billion at the time, which means it was insolvent.

Neiman Marcus contended in court documents that it was paying its bills and was not insolvent. The transfer of assets from an insolvent company is a fraudulent transaction under bankruptcy law and can result in the asset being moved back within the reach of creditors.

There is also ample indirect evidence of fraudulent intent and multiple badges of fraud. In approving and effectuating the distribution, the [Neiman Marcus Group] Board was presented with various alternatives, including the option of paying fair value for the MyTheresa asset, but chose to upstream the asset for no consideration, the committee said in its report.

U.S. Bankruptcy Judge David Jones authorized the committee to investigate the transfer of MyTheresa after a long hearing in June during which he concluded that the witnesses to the transfer Neiman Marcus presented were unprepared, uneducated and borderline incompetent.

The lawyers for the creditors committee, Neiman Marcus and the private equity former owners of Neiman Marcus reached an agreement Friday to release the redacted documents.

The issue was to be heard at a hearing Tuesday that has now been rescheduled for Thursday.

The creditors of Neiman Marcus say the MyTheresa transfer was an asset grab by Ares and the Canada Pension Plan Investment Board. The committee believes that creditors have legal claims to the MyTheresa asset in the Neiman Marcus bankruptcy case.

The fight over MyTheresa is not new. Bondholder Marble Ridge Capital has been raising the issue the past two years, including in Dallas County District Court, where it lost a case on a technicality. Marble Ridge is one of the nine representatives on the creditors committee, along with Chanel, Este Lauder, Rakuten and others.

It all started in March 2017 when Neiman Marcus moved MyTheresa into an unrestricted subsidiary that wasnt tied to the companys almost $5 billion of debt. At the time, the creditors committee report said, MyTheresa was valued at $670 million, and it was valued at $822 million when the ownership transfer was made in 2018.

MyTheresa had appreciated to $976 million by the time Neiman Marcus filed for bankruptcy, according to the creditors report.

Ares responded in a court filing that Neiman Marcus creditors knew about the transfer and approved it.

Its not clear how or whether the issue will be resolved, but at a hearing Friday, lawyers representing all parties agreed that no one wanted to obstruct Neiman Marcus goal to exit bankruptcy this fall.

Other major issues expected to be presented to the bankruptcy court for approval Thursday include store closings and bonuses for top executives.

Twitter: @MariaHalkias

Looking for more retail coverage? Click here to read all retail news and updates. Click here to subscribe to D-FW Retail and more newsletters from The Dallas Morning News.

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Bankruptcy court will try to resolve a fight between Neiman Marcus and its creditors - The Dallas Morning News

Coronavirus: All the latest news about COVID-19 in South …

Second wave of relief fund applications 'to be advertised' - Deputy Minister Nocawe Mafu

The department of Sports, Arts and Culture has set aside R77 million for the second phase of their Covid-19 relief fund for artists and athletes. Of that amount, R11 million is being ring-fenced for contribution towards the partnership with the Department of Small Business Development.

The time frame for applications is yet to be established, said deputy minister Nocawe Mafu.

"The second wave of applications for [the] relief fund will be advertised. Practitioners will be given two weeks from date of advertisement to apply as communicated," she said during a media briefing in Pretoria on Monday.

To date, R61 million has been disbursed to beneficiaries. The department received 5 322 applications in the categories of sport, digital, as well as arts, culture and heritage.

Through the adjudication and appeals processes 4 602 applications were recommended.

The partnership with the Department of Small Business Development to jointly set aside R22 million was explained by Minister Nathi Mthethwa as "a response to a plea from the Cultural & Creative Industries Federation of South Africa (CCIFSA) for the Craft, Design and Visual Arts sectors towards relief amid the Covid-19 pandemic."

A Memorandum of Agreement will be entered into on how the funds will be administered, he said.

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Coronavirus: All the latest news about COVID-19 in South ...

COVID-19 Daily Update 7-31-2020 – 5 PM – West Virginia Department of Health and Human Resources

The West Virginia Department of Health andHuman Resources (DHHR)reports as of 5:00 p.m., on July 31, 2020, there have been 283,848 totalconfirmatory laboratory results receivedfor COVID-19, with 6,642 total cases and 116 deaths.

Inalignment with updated definitions from the Centers for Disease Control andPrevention, the dashboard includes probable cases which are individuals that havesymptoms and either serologic (antibody) or epidemiologic (e.g., a link to aconfirmed case) evidence of disease, but no confirmatory test.

CASESPER COUNTY (Case confirmed by lab test/Probable case):Barbour (29/0), Berkeley (623/22), Boone (76/0), Braxton (8/0), Brooke(59/1), Cabell (306/9), Calhoun (6/0), Clay (17/0), Doddridge (4/0), Fayette(126/0), Gilmer (16/0), Grant (67/1), Greenbrier (85/0), Hampshire (73/0),Hancock (93/4), Hardy (53/1), Harrison (182/1), Jackson (157/0), Jefferson(283/5), Kanawha (785/13), Lewis (25/1), Lincoln (61/0), Logan (133/0), Marion(166/4), Marshall (122/2), Mason (45/0), McDowell (25/1), Mercer (138/0),Mineral (107/2), Mingo (119/2), Monongalia (880/16), Monroe (18/1), Morgan(25/1), Nicholas (30/1), Ohio (248/0), Pendleton (36/1), Pleasants (7/1),Pocahontas (40/1), Preston (99/23), Putnam (158/1), Raleigh (166/6), Randolph(204/3), Ritchie (3/0), Roane (14/0), Summers (6/0), Taylor (51/1), Tucker(9/0), Tyler (12/0), Upshur (36/2), Wayne (180/2), Webster (3/0), Wetzel(40/0), Wirt (6/0), Wood (222/11), Wyoming (20/0).

Ascase surveillance continues at the local health department level, it may revealthat those tested in a certain county may not be a resident of that county, oreven the state as an individual in question may have crossed the state borderto be tested. Suchis the case of Nicholas,Preston, Summers, and Wyoming counties in this report.

Please note that delays may be experiencedwith the reporting of information from the local health department to DHHR.

Please visit the dashboard at http://www.coronavirus.wv.gov for more detailed information.

Additionalreport:

Toincrease COVID-19 testing opportunities, the Governor's Office, the HerbertHenderson Office of Minority Affairs, WV Department of Health and HumanResources, WV National Guard, local health departments, and community partnerstoday provided free COVID-19 testing for residents in counties with highminority populations and evidence of COVID-19 transmission.

The testing resulted in 195 individuals tested in Gilmer County (first day oftwo-day testing event). Please note these are considered preliminary numbers.

Testing will be held tomorrow in Gilmer andMarion counties in these locations.

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COVID-19 Daily Update 7-31-2020 - 5 PM - West Virginia Department of Health and Human Resources

Here’s What Missouri’s Revenue And Budget Look Like Amid COVID-19 – NPR

This story is part of an NPR nationwide analysis of states' revenue and budgets during the pandemic.

In Missouri, declining revenues prompted Republican Gov. Mike Parson to withhold hundreds of millions of dollars from the 2021 fiscal year budget which began on July 1. That included substantial cuts to universities and colleges, as well as reductions to state money that went to K-12 schools.

"COVID-19 is unlike anything we have ever experienced before," Parson said in a statement. "As difficult as these decisions are, we are experiencing an unprecedented economic downturn, which meant we are having to make unprecedented adjustments in our budget."

Parson also had to withhold money from the 2020 budget, which stretched from July 1, 2019, to June 30, 2020, because Missouri, like most states, must have a balanced budget every year. And voters in Missouri do not have an appetite for tax increases.

Some Democratic lawmakers pointed out that this all came several years after the GOP-controlled Legislature cut taxes which they warned at the time could lead to longer-term consequences.

"Every time Republicans chipped away at Missouri's revenue base, Democrats warned these short-sighted decisions would pay a terrible dividend when the next economic downturn hit, and there always is a next one," said House Minority Leader Crystal Quade, a Democrat from Springfield.

Jason Rosenbaum is a politics correspondent for St. Louis Public Radio.

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Here's What Missouri's Revenue And Budget Look Like Amid COVID-19 - NPR