#BoilingSpringLakes is a complete disaster zone. People here are essentially trapped. No power, eater, cell service. They’re running out of food. Please share to get wore out so we can get them some help. pic.twitter.com/EwQwEF1Lh2— Alex Guarino (@AlexWECT) September 17, 2018 “Crazy, crazy. We’ve been through storms but I’ve never seen it being devastated like this,” added resident Diane Griffey told WECT. “Never seen roads just flood out, break out, the dam gave. Residents that live in the back can’t even get out. It’s really just crazy. It’s overwhelming.”At least one family was left collecting rainwater in buckets to drink because water systems had been cut off in some areas. Rescuers were working to get to people who were trapped by floodwaters, they told the broadcaster on Sept. 18.“Most of our units are back there in the flooded out areas, inaccessible areas. We’ve got high clearance vehicles right now getting those that want to come out. And getting them to the shelters we have set up here in town South Brunswick, West Brunswick, North Brunswick,” said Lyle Johnson, deputy director of Emergency Management Services with Brunswick County.Read More‘Be Patient, Be Alert,’ Trump Urges Ahead of Visit to Flood-Stricken North CarolinaRescuers Save Rabbit Left Stranded by Hurricane Florence2 Mental Patients Chained in Back of Sheriff’s Van Drown During FlorenceAuthorities have requested food and water for the city, as residents said they’re already running low.“Coming up this way it blows your mind because we’re such a small little town, a little community that hopefully we’ll all pull together but it’s scary,” said Griffey. “They’re saying maybe two weeks before we even have power and electricity. Everybody’s getting low on food, gas.”Video Credit: Rob Thompson via StoryfulFrom NTD.tv Follow Zachary on Twitter: @zackstieber Show Discussion Share Video Shows Water Rushing Over Failed North Carolina Dam By Zachary Stieber September 19, 2018 Updated: September 19, 2018 Town DevastatedBoiling Spring Lakes, a town of around 5,300 people about 8 miles inland from the Cape Fear River and just a few more miles from the coast, was devastated by Florence.The sections of roadways destroyed by torrential rain and flooding left many people stranded and others trying to navigate around the city.“You can’t get out of town. You can’t get into town. So I think the last thing I was notified about was if you leave Brunswick County, you’re not getting back in,” Boiling Spring Lakes resident Mike Maedje told WWAY. Another road in Boiling Spring Lakes completely washed out and destroyed by Florence flooding. One family is collecting rainwater in buckets to drink as few supplies are able to get in and out. This is a crisis zone. @wectnews pic.twitter.com/WcCwCxFiJG— Ben Smart (@BenSmartWECT) September 17, 2018 US News Share this article Devastating video taken just now in Boiling Spring Lakes. This house or shed sliding down from flooding @wectnews pic.twitter.com/1mP1ddPcKd— Ben Smart (@BenSmartWECT) September 17, 2018 Video footage shows water rushing over a failed dam in North Carolina following the deluge of rain brought by Hurricane Florence.The footage from Instagram user Rob Thompson shows a dam in the city of Boiling Spring Lakes in Brunswick County failing.Thompson said he and his family had “just driven over” the section of road that was washed away by the floodwaters, but when they arrived back at the area on their way home they found it gone.The video, recorded on Sunday, Sept. 16, shows the power of the water, digging deep into the dam and cutting into the banks by the railroad tracks at the foot of the dam. Three lakes drained when the dam failed, and the storm destroyed several other roads in the area.Read MoreNorth Carolina Governor Pleads With Storm Evacuees to Be PatientMom of 1-Year-Old Boy Killed in Florence Flood Speaks Out Prior to Florence hitting the area, Boiling Spring Lakes Mayor Craig Caster ordered a number of preparations, including a citywide voluntary evacuation combined with a mandatory evacuation for people living in substandard homes and/or in low-lying, flood-prone areas.Caster also ordered the Big Lake lowered to about one foot below the spillway, reported the State Port Pilot. That effort to avoid the dam being breached failed, though.Florence deluged the Carolinas after hitting on Sept. 14, leaving some areas with more than 5 feet of rain. LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON Rescue workers were finally able to access homes in Boiling Spring Lakes, NC after 4 days of floods. They evacuated dozens of residents and their pets after their homes became islands. pic.twitter.com/Wyc4YS4suC— Natalie Valdes (@nvaldes7) September 17, 2018 QualityAuto 720p480p360p240pRewind 10 SecondsNext UpLive00:0000:0000:00ChromecastClosed CaptionsSettingsFullscreen click to watch video
Month: July 2019
A drone flies during a product launch event at the Brooklyn Navy Yard in New York, on Aug, 23, 2018. (Drew Angerer/Getty Images) Share this article Show Discussion Share US News Top US Officials Say Drones Increasingly Pose a National Security Threat By Bowen Xiao September 26, 2018 Updated: September 26, 2018 LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON Top officials from the Department of Homeland Security (DHS) and the Department of Justice (DOJ) are warning Congress to modernize obsolete federal laws to help curb the increasing threat of drone attacks from terrorists or drug cartels.DHS Secretary Kirstjen Nielsen said in a statement that new legislation must be passed immediately. The DHS is hoping to gain more legal powers to stop any future attacks.“The threat from drones is real & it’s here,” Nielsen wrote on Twitter Sept. 26. “Outdated laws prevent us from setting up defenses we need to protect events, federal facilities, and other targets from airborne threats. I urge Congress to pass bipartisan legislation giving @DHSgov authority to keep Americans safe.”In a speech earlier this month, Nielsen warned that malicious drones are now “a major national security concern in our homeland.” She said criminals can spy on sensitive facilities and disrupt communications, or steal data.A proposal introduced in July by Rep. Michael T. McCaul (R-Texas) sought to provide DHS with the necessary legal authority to detect, track, and mitigate threats from small Unmanned Aircraft Systems (UAS).The proposal, dubbed the “Preventing Emerging Threats Act of 2018,” gained strong support from the Trump administration. “The bill would provide DHS and DOJ the specific authority to develop, test, and deploy within the United States counter-UAS technology to mitigate the threat posed by careless, threatening, or malicious drone operations,” White House press secretary Sarah Sanders said in June.Sanders said current federal laws inhibit the government’s ability to “to fully evaluate and use essential detection, tracking, and mitigation technologies to counter these rapidly advancing threats.”Growing RiskCustoms and Border Protection (CBP) officers monitor drones used by drug cartels or terrorist organizations that attempt to spy on or attack the United States, DHS Under Secretary David Glawe said.Terrorist groups such as ISIS have in their possession grenade-launching and mortar-dropping drones, as well as flying decoys, according to Defense One. ISIS deploys a number of drones that can be bought online but mostly uses quadcopters for surveillance or explosive-dropping purposes.“If you want to move people, narcotics, God-forbid weapons of mass destruction, or anything else over the border, you have a surveillance location that can be now automated with drones at a very inexpensive cost by organizations outside of the United States,” Glawe told CBS News.A prime example of such an attack happened in August when explosive-laden drones detonated close to where Venezuelan President Nicolas Maduro was speaking; Maduro and top officials managed to escape unharmed.Attorney General Jeff Sessions has also supported legislation that would counter drone threats. In a Sept. 25 statement, he called for Congress to pass the Preventing Emerging Threats Act.“This new tool [drones] can also be used to wreak havoc by criminals, terrorists and other bad actors” Sessions said. “That is why the Trump administration has worked on legal reforms to enable law-abiding people to use this technology for good, while protecting them from those who would use it for ill.”“We need this authority today,” Sessions added.The McCaul proposal, which was approved by a Senate committee, has been bogged down as civil-liberties organizations say it could infringe on citizens’ rights.Tucson Sector Chief Patrol Agent Rodolfo Karisch told CBS that the drones they’ve spotted along the border already have the ability to carry weapons.Federal agents currently aren’t allowed to shoot down a drone. They can only track it and try to catch it when it lands.“There are drones now that have the ability to carry up to 300 pounds, if not more of a payload. So that is a significant risk for law enforcement officers and agents in this country,” Karisch said. Follow Bowen on Twitter: @BowenXiao3
LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON Heightened Alert After Threat Locks Down Columbine By The Associated Press April 17, 2019 Updated: April 17, 2019 US News Share this article Show Discussion Share LITTLETON, Colorado—Public schools in the Denver area will be closed Wednesday after authorities said a young woman who is “infatuated” with the 1999 shooting at Columbine High School made threats just days before the 20th anniversary of the attack that killed 13 people.Authorities are looking for Sol Pais, 18, who is thought to have made undisclosed threats that prompted Columbine and more than 20 other schools outside Denver to lock their doors for nearly three hours Tuesday afternoon.All schools in the Denver area were urged to tighten security because the threat was deemed “credible and general,” said Patricia Billinger, a spokeswoman for the Colorado Department of Public Safety. An officer from Jefferson County, Colo., Schools listens on his radio as students leave Columbine High School in Littleton, Colo., on April 16, 2019. (David Zalubowski/Photo via AP)The Jefferson County Sheriff’s Office and the FBI say Pais traveled to Colorado from Miami on Monday night and bought a pump-action shotgun and ammunition.Denver Public Schools said that all facilities and programs will be closed Wednesday, and there will be no afternoon activities or athletic competitions. The district said the decision to close campuses was in collaboration with other Denver metro-area school districts due to the ongoing safety concern. On Tuesday, some schools released their students after additional security was called in and canceled evening activities or moved them inside. This combination of undated photos released by the Jefferson County, Colo., Sheriff’s Office on April 16, 2019, shows Sol Pais. (Jefferson County Sheriff’s Office via AP) “We always have heightened awareness close to high-profile anniversaries like this,” Billinger said.Pais was last seen in the foothills west of Denver, was considered armed and extremely dangerous and should not be approached, authorities said.“This has become a massive manhunt … and every law enforcement agency is participating and helping in this effort,” Dean Phillips, special agent in charge of the FBI in Denver, said late Tuesday night.The FBI’s Rocky Mountain Safe Streets Task Force issued a notice Tuesday describing Pais as “infatuated with (the) Columbine school shooting.” The alert also said police who come into contact with her should detain her and evaluate her mental health. Students leave Columbine High School in Littleton, Colo., on April 16, 2019. (David Zalubowski/Photo via AP)Sheriff’s spokesman Mike Taplin said the threats she made were general and not specific to any school.The Denver Post reported that a call to a phone number listed for Pais’ parents in Surfside, Florida, was interrupted by a man who identified himself as an FBI agent and said he was interviewing them.The Associated Press left messages at two numbers listed for Pais’ relatives in Florida, while another number was disconnected. School police officers look on as students leave Columbine High School in Littleton, Colo., on April 16, 2019. (David Zalubowski/Photo via AP)The doors were locked at Columbine and more than 20 other schools in the Denver area as the sheriff’s office said it was investigating threats against schools related to an FBI investigation.Columbine students continued attending classes in the afternoon and left school on time, but after-school activities were canceled on the campus in Littleton, Colorado.Two teenage gunmen attacked Columbine on April 20, 1999, killing 12 classmates and a teacher.By Kathleen Foody and Colleen Slevin
U.S. fighter planes intercepted Russian bombers and fighters that entered Alaska’s airspace on May 20, said the North American Aerospace Defense Command (NORAD) on May 21.NORAD said that Tupolev Tu-95 bombers and Su-35 fighters were intercepted by two F-22 fighter planes as they entered the Alaskan Air Defense Identification Zone.Later, two Tu-95s and two Su-35s were intercepted by two more F-22 fighter jets while a NORAD E-3 aircraft provided surveillance, said NORAD. The Russian planes were “positively identified,” the agency wrote. US News The Russian Defense Ministry confirmed the incident in a tweet on May 20.The ministry said its Aerospace Forces “made scheduled sorties over the neutral waters of the Chukotka, Bering and Okhotsk seas, as well as along the western coast of Alaska and the northern coast of the Aleutian Islands.” Show Discussion LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON NORAD fighters intercepted Russian bombers+fighters entering Alaskan ADIZ May 20. 2x Tu-95s were intercepted by 2x F-22s; a second group of 2x Tu-95+2x Su-35 was intercepted later by 2 more F-22’s; NORAD E-3 provided overall surveillance. The aircraft remained in int’l airspace pic.twitter.com/VrNuSWFOQm— North American Aerospace Defense Command (@NORADCommand) May 21, 2019 An E-3 AWACS, 2x F-22, 2x CF-18 fighter jets from NORAD positively identified 2x Russian Tu-160 Blackjack strategic bombers entering the Canadian Air Defense Identification Zone on January 26, 2019. Bombers remained in international airspace and did not enter sovereign territory pic.twitter.com/utKe26SRBB— U.S. Northern Command (@USNorthernCmd) January 26, 2019 Our ability to deter and defeat threats to our citizens and vital infrastructure starts with detecting, tracking, and positively identifying aircraft our airspace. We are on alert 24 hours a day, seven days a week, 365 days a year – Gen. O’Shaughnessy, Commander NORAD— North American Aerospace Defense Command (@NORADCommand) May 21, 2019 The North American Aerospace Defence Command says two F-22 and two CF-18 fighter jets identified two Russian Tu-160 Blackjack strategic bombers. The Russian planes were said to be entering an area patrolled by the Royal Canadian Air Force at the time, The Associated Press reported.General Terrence J. O’Shaughnessy, the NORAD commander, said in a statement that “NORAD’s top priority is defending Canada and the United States. “Our ability to protect our nations starts with successfully detecting, tracking, and positively identifying aircraft of interest approaching U.S. and Canadian airspace,” O’Shaughnessy said.The Associated Press contributed to this report. Four #Tu95MS strategic missile carriers of the Russian #AerospaceForces made scheduled sorties over the neutral waters of the Chukotka, Bering and Okhotsk seas, as well as along the western coast of Alaska and the northern coast of the Aleutian Islands pic.twitter.com/gS5egx5IeA— Минобороны России (@mod_russia) May 21, 2019 “At certain stages of the route, Russian aircraft were escorted by F22 fighter jets of the USAF. The total flight time exceeded 12 hours,” the ministry said in a statement. “Long-range pilots make regular flights over neutral waters of the Arctic, North Atlantic, Black and Caspian seas, and Pacific Ocean.”The ministry claimed that the flights were “carried out in strict accordance with the International Airspace Management System without violating the borders of other states.”Other details about the incident were not provided.In January, U.S. and Canadian fighter planes were scrambled to escort Russian jets near the North American coastline. Share this article A Russian Tupolev Tu-95 strategic bomber and missile carrier (L) is seen being accompanied by a U.S. F-22 fighter jet in international airspace off the coast of Alaska, on May 21, 2019. (NORAD) US Fighter Planes Intercept Russian Bombers Near Alaska, Says NORAD By Jack Phillips May 21, 2019 Updated: May 21, 2019 Share As a result, the Russian aircraft remained in international airspace.In a later statement, NORAD said its “ability to deter and defeat threats” begins with “detecting, tracking, and positively identifying” non-American aircraft in U.S. airspace.“We are on alert 24 hours a day, seven days a week, 365 days a year,” the statement continued.
Beverly AndrewsAPTN NewsA guitarist from Six Nations is joining an elite crowd of musicians this fall.Dwayne LaForme has been invited to play with the house band at the Native American Music Awards.LaForme says he’ll add a little blues to the band in October.email@example.com@aptnbeverly
Google+ 0 LinkedIn Twitter Tumblr E-Headlines Share. Facebook (Photo courtesy of CBN)The Ride of Silence has been absent in Bend for some time but returns this year to raise awareness in cities around the world, as cyclists gather to ride in silence to honor cyclists’ right to ride on the road and to honor the fallen cyclists no longer with us.It’s a rally that advocates for the living friends and family of victims, as well as a celebration of those who incorporated the bicycle into their lifestyle. You ride slowly (12 MPH) and silently in hope to end the tragedy on our roads.The Ride of SilenceMay 20, 20157pm start and finish at Mirror Pond PlazaThe 2014 Ride Of Silence315 locations world wide49 U.S. states22 Countries7 continents0 words spokenA million powerful memoriesAccording to Jeff Monson of Commute Options: “You are part of a wave of growth for The Ride Of Silence, as we strive to embrace the world, realizing the same bicyclists’ rights problems extends far beyond our own streets. If we can band the cyclists of the world together, we hope that we can affect change in our immediate neighborhoods. With each person’s and location’s help, one person at a time, one location at a time, we can make a change. It helps us realize we ARE making an impact, we do matter, and people will see it.“This is an important date for your community. Cherish it. Through its people, your town has taken a giant step in the right direction toward cyclist safety. As you probably do, we see this as a very significant event, if only because it is held worldwide on the same day, at the same time. But more so, because it remembers those lost doing what is a legal right.On one night in cities around the world, cyclists gather annually to ride in silence to raise awareness of cyclists’ right to ride on the road and to honor the fallen cyclists no longer with us. It’s a rally that advocates for the living friends and family of victims, as well as a celebration of those who incorporated the bicycle into their lifestyle. We ride slowly (12 MPH) and silently in hope to end the tragedy on our roads.”Jeff MonsonExecutive DirectorCommute Options50 SW Bond Street, Suite 4Bend, OR 97702www.commuteoptions.org 541 330-2647 Ride of Silence May 20 in Bend, Oregon Email on May 14, 2015 By CBN Pinterest
Google+ Twitter Tumblr Facebook Congress Targets Small Business Tax Compliance Burden Pinterest Share. E-Headlines In a coordinated broadside at the complexity of the tax code for small business owners, both the House and Senate held hearings Wednesday with similar themes.The House Committee on Small Business titled its hearing “How Tax Compliance Obligations Hinder Small Business Growth,” while the Senate Committee on Small Business and Entrepreneurship hearing was called “Targeted Tax Reform: Solutions to Relieve the Tax Compliance Burdens for America’s Small Businesses.”“Making the tax code simpler is particularly important for American small business owners as they are disproportionately affected by tax complexity—a finding that unfortunately, has not changed with time,” said House Committee on Small Business chairman Steve Chabot, R-Ohio.He cited a study by the Office of Advocacy at the Small Business Administration that found small companies pay 67 percent more to comply with the tax code than large firms do.“A recent update to those Advocacy studies found that firms with less than 50 employees pay, on average, $1,518 per employee in tax compliance costs, whereas firms with more than 100 pay $647,” he said.Stephen Mankowski, national executive vice president and national tax policy chair of the National Conference of CPA Practitioners testified in relation to a recent GAO report, “Small Businesses – IRS Considers Taxpayer Burden in Tax Administration, but Needs a Plan to Evaluate the Use of Payment Card Information for Compliance Efforts.”The committee members on both sides of the aisle were in basic agreement that the tax code has gotten much too complicated and something needs to be done, Mankowski observed.” The problem is how to simplify it. Without doing a total rewrite, it’s not an easy fix,” he said. “Several of us commented that the extenders should be passed early, with some of them being made permanent.”As an example of the importance to the economy of these, one Congressman noted that one of his constituents sold 11 drilling rigs last year. “Six of the 11 were sold during the last three weeks of the year, as a result of the extension of the enhanced Section 179 deduction,” he said.Mankowski was asked to testify specifically about Form 1099-K and the use of payment card information for compliance efforts.In recent years, there has been a change in the way that business is conducted, he observed. Businesses that formerly accepted only cash or checks now accept credit cards. “The related fees have simply become yet another cost of doing business—and another element of taxpayer burden,” he indicated.“Even after researching the processing firms to obtain the best processing rates, they learn that MasterCard and Visa have different merchant fees when compared to American Express and Discover,” he said. “If the consumer uses a credit card that includes member programs or ‘points,’ an even higher processing rate may be charged by the merchant bank.”Under a 2008 law, the processing companies had to begin reporting credit card receipts to the IRS and the merchant in 2011 and had to add the reporting of the number of monthly transactions for 2012.Form 1099-K, Merchant Card and Third Party Network Payments, must be issued by a payment processor once a merchant has 200 transactions and sales of at least $20,000 annually.“The Form 1099-K has been a new source of taxpayer burden for the small business owner,” Mankowski maintained. “Trying to accurately track revenue in the same way as the 1099-K presents data would result in an accounting nightmare. To further complicate the record keeping, businesses receive a Form 1099-K for each specific payment processor.”Of course, the form does not account for gratuities, sales tax or returns. “For example, if my wife buys me a snow shovel and I decide to return it because it doesn’t have the bend in it to help my back, there’s no way for the merchant to reflect this on Form 1099-K,” he said.The IRS instituted a pilot matching program for the 2015 filing season called the Payment Mix Comparison Tool. The PMCT program compares payment data from payment settlement entities such as credit card companies with income reported by small businesses. However, the IRS has not clearly defined the stages of the pilot or measurable goals that it can use to determine when the pilot moves from one state to the next, or if it should move, according to the Government Accountability Office.“PMCT accesses the IRS database and compares various ratios for a business with a specific MCC [Merchant Category Code] against the Form 1099-K,” Mankowski said. “The result tells the CPA if the results are within specifications of the database.”He noted that if the payment processor applies an incorrect MCC code for a business, the PMCT results could be beyond the standard deviation, which may result in an IRS notice. Practitioners viewed with suspicion the program because they believed the IRS could use the data in the future to zero in on noncompliance.“The PMCT, unfortunately, did not get the expected usage due to a few practitioner concerns,” said Mankowski. “Specifically, the name of the tool was not the best, many practitioners did not believe that the IRS was not tracking the results and the fact that PMCT did not go live until the beginning of February 2015, after most CPAs have completed their training and had already begun preparing tax returns.”The tax compliance burden faced by small businesses can vary considerably depending upon a number of factors, according to the GAO, which testified at the hearing. “Through its research and outreach activities, IRS is cognizant of the compliance cost to taxpayers and explicitly considers this burden in administering the tax code. IRS’s new payment card matching program has the potential to enhance the agency’s ability to identify noncompliant small business taxpayers while minimizing taxpayer burden. However, IRS has a long road ahead in determining whether, and how, the payment card pilot program and its many activities can be fully implemented.” By Roger Russell from accountingtoday 0 LinkedIn on July 30, 2015 Email
Google+ Cascade Bancorp, the holding company for Bank of the Cascades, today announced that the Bank has entered into an agreement to purchase 12 Oregon branch locations and three Washington branch locations from Bank of America, National Association. This acquisition allows Cascade the opportunity to enhance and strengthen its footprint in Oregon while providing entry into the Washington market.Cascade will assume approximately $707 million of branch deposits in the transaction. Pending regulatory approval and the satisfaction of customary closing conditions, the completion of the transaction is expected to occur in the first quarter of 2016. Cascade plans to retain current employees working at the branches and is committed to a smooth transition for customers.“I am pleased to announce that this acquisition will include additional locations in Southern Oregon, as well as new branches in Coastal Oregon communities and will provide an entry into neighboring Washington State. We look forward to welcoming our new employees and customers to a locally-based bank that has served communities in the Pacific Northwest for nearly 40 years,” commented Terry Zink, President and CEO of Cascade.“We believe our new customers will be very pleased with our personalized approach to banking, including convenient branch locations and best-in-class banking services, such as service-charge-free nationwide ATM access, and 24/7 online and mobile banking for businesses and consumers. Importantly, we believe our new employees will be pleased with Cascade’s commitment to our people and our communities, as well as support of volunteer efforts in tandem with donations to local not-for-profit organizations.”The acquisition will strengthen Cascade’s core deposit and customer relationship base in the Southern and Coastal counties of Oregon, with its deposit market share increasing to a top three ranking in many of these communities. Cascade’s strategic goal is to grow the company to $5 billion in assets over time through both organic loan growth and value-enhancing bank acquisitions in the Northwest.Cascade Bancorp was advised in this transaction by Macquarie Capital (USA) Inc. as financial advisor and Hunton & Williams LLP as legal counsel. Additional information regarding the branch acquisition is available in the Company’s Form 8-K, as filed with the Securities and Exchange Commission on October 28, 2015.Cascade Bancorp Reports Third Quarter 2015 Net Income of $5.1 Million or $0.07 Per Share, Driven By Solid Organic Loan And Deposit GrowthCascade Bancorp, the holding company for Bank of the Cascades , announced its financial results for the three and nine months ended September 30, 2015.Third Quarter 2015 Financial Highlights• Net income for the third quarter of 2015 was $5.1 million, or $0.07 per share, compared to $4.8 million, or $0.07 per share, for the second quarter of 2015 (“linked quarter”).• Third quarter organic loan growth1 was approximately $26.3 million, or 7.7 percent annualized, and is net of a largeconstruction payoff. Year-to-date (“YTD”) annualized organic growth was 11.9 percent. At September 30, 2015, gross loans were $1.6 billion.• Total deposits were $2.1 billion at September 30, 2015, up $36.5 million compared to the linked quarter with non- interest bearing accounts up $44.7 million, or 6.3 percent, from the linked quarter. At quarter-end, total checking balances represented over 57.5 percent of total deposits with an overall cost of funds of 0.08 percent.• Third quarter net interest income was $20.4 million, up $1.1 million, or 5.4 percent, from the linked quarter.• Net interest margin (“NIM”) was 3.72 percent for the third quarter of 2015, compared to 3.70 percent in the linked quarter.• Third quarter net loan recoveries totaled $3.1 million, bringing the allowance for loan losses (“ALLL”) to 1.62 percent of gross loans.• At September 30, 2015, stockholders’ equity was $331.6 million, with book value per share of $4.56 and tangible book value2 per share of $3.38.• Return on average tangible assets3 was 0.85 percent compared to 0.83 percent in the linked quarter.• Return on average tangible stockholders’ equity4 was 8.33 percent compared to 8.06 percent in the linked quarter.• On October, 9, 2015, the Bank announced the hiring of a commercial banking team in the Seattle, Washington market.“Cascade is truly a unique banking franchise because of our strong market share in the high growth markets of the Pacific Northwest. Our footprint in Oregon and Idaho is benefiting from strong population in-migration combined with solid economic trends. This robust backdrop has enabled Cascade to achieve a double-digit rate of organic loan growth during 2015,” said Terry Zink, President and CEO. “Importantly, organic loan demand remained strong in the third quarter with $26.3 million in net originations, representing annual growth of 7.7 percent. This growth was accomplished despite a sizable $13 million payoff of a completed commercial real estate construction loan during the quarter. Our current pipeline remains very solid, providing visibility for continued loan growth through the balance of the year and into 2016.”Mr. Zink continued, “Our deposit flows are one of the differentiating traits for Cascade. Non-interest bearing checking deposits increased at a double-digit pace and reflect the strong economic growth in our markets that has contributed to increased average balances for both business and retail customers. This strength has supported our strategy to diversify our loan footprint to markets outside of our core branch network. Our Portland commercial banking center is a prime example of the successful execution of this strategy. We are optimistic that we can replicate this success in Seattle, where we opened a commercial banking center earlier this month with an experienced local banking team led by Brandon Elieff, who has 15 years of expertise in middle market commercial and industrial (“C&I”) and business banking in the Seattle Metro Area.”1 Organic loan growth is a non-GAAP measure defined as total loan growth less acquired loans during the period. See the last page of this release for a reconciliation of organic loan growth.2 Tangible book value per common share is a non-GAAP measure defined as total stockholders’ equity, less the sum of core deposit intangible (“CDI”) and goodwill, divided by total number of shares outstanding. See the last page of this release for a reconciliation of tangible book value per common share.3 Return on average tangible assets is a non-GAAP measure defined as average total assets, less the sum of average CDI and goodwill, divided by net income.See the last page of this release for a reconciliation of return on average tangible assets.4 Return on average tangible stockholders’ equity is a non-GAAP measure defined as average total stockholders’ equity, less the sum of average CDI and goodwill, divided by net income. See last page of this release for a reconciliation of return on average tangible stockholders’ equity.Financial ReviewThe financial statements as of September 30, 2015 and 2014 are inclusive of purchase accounting adjustments to Home Federal Bancorp (“HFB”) assets and liabilities, which were acquired on May 16, 2014. Year-over-year comparisons are significantly affected by the HFB-related results and one-time charges in the comparable periods of 2014.The financial highlights for the third quarter of 2015 include continued loan and deposit growth which resulted in higher net interest income as compared to the linked quarter. This improvement was partially offset by a modest sequential decline in non- interest income arising from non-recurring items in the prior period.Balance Sheet:At September 30, 2015 as compared to June 30, 2015 and December 31, 2014Total assets at September 30, 2015 were $2.5 billion, up versus prior periods due mainly to increased organic loans and the acquisition of wholesale loans, as well as growth in core deposit balances.Increases in cash and equivalents at September 30, 2015 relate mainly to increases in deposits net of changes in loan balances during the respective periods.At September 30, 2015, investment securities classified as available-for-sale and held-to-maturity decreased to $439.9 million as compared to $472.5 million at December 31, 2014. During the quarter, the Company sold approximately $30.1 million in short duration mortgage-backed securities (“MBS”) with partial redeployment into current production adjustable rate mortgages (“ARMs”) to extend its “roll-down-the-curve” portfolio strategy.Net of changes in both our organic and wholesale loan portfolios, gross loans at September 30, 2015 were $1.6 billion, up $21.4 million from the linked quarter. The current quarter included a large payoff of a commercial construction loan of approximately $13 million. Year-to-date, gross loans increased 10.4 percent, with growth distributed among commercial real estate, construction, and consumer residential loans. The latter included both retained and acquired ARMs. Strategically, the Bank continued to expand its ARM portfolio to further diversify its overall loan portfolio by geography and loan type. Organic growth was partially offset by a modest decline in the shared national credits (“SNC”) portfolio.The ALLL at September 30, 2015 was $26.6 million as compared to $22.1 million at December 31, 2014. The increase is a result of year-to-date net recoveries of $6.6 million, less a $2.0 million provision credit in the first quarter of 2015. Net recoveries for the current quarter were $3.1 million, primarily related to a large project loan that was previously charged-off.FHLB stock was $3.0 million at September 30, 2015 compared to $25.6 million at year end 2014. The 2015 reduction was due to changes in FHLB membership stock requirements in connection with the Seattle FHLB merging with Des Moines FHLB in the second quarter of 2015.Total deposits as of September 30, 2015 increased 5.1 percent to $2.1 billion compared to December 31, 2014. Non-interest bearing accounts increased by $44.7 million to $749.9 million, or 6.3 percent, from the linked quarter and were up 21.1 percent for the year-to-date period. Offsetting this increase in non-interest bearing accounts was a reduction in time deposits of $16.0 million compared to the linked quarter and $50.2 million for the year-to-date period, owing to a strategic run-off of higher priced CDs acquired in the HFB acquisition. The year-to-date 2015 overall cost of funds was 0.09 percent.Total stockholders’ equity at September 30, 2015 was $331.6 million compared to $315.5 million at December 31, 2014. This increase is primarily a result of 2015 net income of $15.0 million. Tangible common stockholders’ equity5 was $245.9 million, or $3.38 per share, at September 30, 2015 as compared to $227.7 million, or $3.14 per share, at December 31, 2014. The ratios of common stockholders’ equity to total assets and tangible common stockholders’ equity to total assets6 were 13.43 percent and 9.96 percent at September 30, 2015, respectively, and 13.48 percent and 9.73 percent at December 31, 2014, respectively.5 Tangible stockholders’ equity is a non-GAAP measure defined as total stockholders’ equity, less the sum of CDI and goodwill. See the last page of this release for a reconciliation of tangible stockholders’ equity.6 Tangible common stockholders’ equity to total assets is a non-GAAP measure defined as total stockholders’ equity, less the sum of core deposit intangible (“CDI”) and goodwill, divided by total assets. See the last page of this release for a reconciliation of tangible common stockholders’ equity to total assets.At September 30, 2015 as compared to September 30, 2014 (the year ago period)Compared to the year ago period, cash and cash equivalents decreased $12.2 million and investment securities classified as available-for-sale and held-to-maturity decreased $5.3 million. The decreases were due to excess liquidity resulting from the HFB acquisition being deployed into growth in loans over the period.On a year-over-year basis, gross loans increased $181.1 million to $1.6 billion, or an increase of 12.4 percent. Approximately 73 percent of this increase is owed to organic growth, with the remaining growth in the wholesale loan portfolio for the strategic reasons described above.Total deposits increased $96.6 million, or 4.9 percent, at September 30, 2015 compared to September 30, 2014. In this same period, non-interest bearing accounts increased by $105.9 million, or 16.4 percent, and interest bearing demand deposits increased by $43.0 million, or 4.4 percent. These increases were offset by runoff in higher priced CDs acquired with the HFB acquisition; overall time deposits decreased $57.2 million, or 23.4 percent.Income Statement:For the quarter ended September 30, 2015 as compared to the quarter ended June 30, 2015(the linked quarter)Net income for the third quarter of 2015 was $5.1 million, or $0.07 per share, compared to $4.8 million, or $0.07 per share, in the linked quarter.Total interest income was $20.8 million for the three months ended September 30, 2015 as compared to $19.8 million in the linked quarter due to higher volume of earning loans. The NIM for the three months ended September 30, 2015 was stable at 3.72 percent. Yields on earning assets remained stable while the cost of funds improved to 0.08 percent for the quarter.Non-interest income for the third quarter of 2015 was $6.4 million, compared to $6.7 million in the linked quarter. Service fees were seasonally higher and SBA related revenues increased compared to the prior period. Other income was lower because the linked quarter included a combined $1.1 million related to a vendor production performance bonus and the sale of merchant services portfolio that was partially offset by an approximate $0.5 million in gain on sale of short duration securities in the current period.Non-interest expense in the third quarter of 2015 was $19.1 million compared to $18.4 million in the linked quarter. Salary and benefit expense for the current quarter increased due to incentive and commission-related costs that were seasonally higher, as well as an increase in funding of management’s annual performance bonus pool. Current quarter expenses were lower in IT due to accrual timing, while occupancy expenses were down on a recovery on disposition of a decommissioned branch facility. Professional services were elevated due to costs for the Company’s conversion to a single imaging system and legal expenses, including those related to the large loan recovery described above.The income tax provision for the third quarter of 2015 was $2.6 million, representing a 34.0 percent effective tax rate for the period, slightly lower than statutory due to the impact of permanent differences.Income Statement:For the three and nine month periods ended September 30, 2015 compared to year ago periodsNet income for the third quarter of 2015 was $5.1 million compared to $2.4 million for the third quarter of 2014. Net income for the nine months ended September 30, 2015 was $15.0 million as compared to a loss of $1.3 million for the year ago period. The nine months 2014 loss period was due to the costs incurred in the HFB acquisition. In addition, improvements in 2015 earnings are attributable to higher net interest income arising from increased earning assets from the HFB acquisition, as well as significantly increased non-interest income. The acquisition of HFB also resulted in a decline in the overall loan to deposit ratio due to HFB’s high level of cash and securities. Since the acquisition, the Company has been successful in growing its organic, community bank loan portfolio.Non-interest income for the three and nine months ended September 30, 2015 was $6.4 million and $19.2 million, respectively, up from $5.5 million and $13.7 million during the respective year ago periods. Much of the year-over-year improvement is related to the Company’s increased customer base arising from the HFB acquisition, as well as the implementation and expansion of sales in its card, mortgage, interest rate swap, and SBA lines of business. This progress also reflects improvement in the local economies in its service areas.Non-interest expense in the three and nine months ended September 30, 2015 was $19.1 million and $56.3 million, respectively, compared to $19.7 million and $63.8 million in the respective year ago periods. The changes between the three and nine months ended September 30, 2015 and the year ago periods relate primarily to the HFB acquisition costs incurred in 2014.Income tax expense in the three and nine months ended September 30, 2015 was $2.6 million and $8.6 million, respectively, as compared to a tax expense of $2.0 million and a tax benefit of $2.8 million, respectively, in the year ago periods. The changes between the current three and nine month periods and the year ago periods relate to the tax impact of the HFB acquisition in 2014.Asset QualityCredit quality metrics were solid and remain stable for the current quarter. Net loan recoveries totaled $6.6 million year-to-date 2015, including $3.1 million for the third quarter, as compared to net loan recoveries of $0.3 million for the linked quarter and $0.9 million for the year ago quarter. The ratio of loan loss reserve to total loans increased to 1.62 percent as of September 30, 2015 and as compared to 1.45 percent at June 30, 2015 and 1.48 percent at December 31, 2014. A portion of the increase in reserves has been allocated to the SNC portfolio.At September 30, 2015, delinquent loans were 0.31 percent of the loan portfolio. This compares to 0.07 percent at June 30, 2015, 0.27 percent at December 31, 2014, and 0.34 percent at September 30, 2014. Non-performing assets as a percentage of total assets was 0.36 percent at September 30, 2015, as compared to 0.41 percent at June 30, 2015, 0.64 percent at December 31, 2014 and 0.74 percent at September 30, 2014. General improvement in the rate of delinquency reflects improving economic conditions.Acquired loans are recorded at fair value with no reserve provisions brought forward in accordance with purchase accounting principles. The net fair value adjustment to acquired loans from the HFB acquisition was $6.0 million, consisting of an interest rate and a credit mark which will be accreted over the life of the loans (approximately 10 years).Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly owned subsidiary, Bank of the Cascades, operate in Oregon, Idaho and Washington markets. Founded in 1977, Bank of the Cascades offers full-service community banking through 37 branches in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho area. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value-driven customers. For further information, please visit our website at www.botc.com. Bank of The Cascades Headquartered in Bend, Oregon Announces Acquisition of 15 Branches in Oregon & Washington. Reports Third Quarter 2015 Net Income of $5.1 Million. Facebook 0 on October 29, 2015 Share. Pinterest E-Headlines Tumblr By CBN LinkedIn Email Twitter
on July 5, 2016 0 By CBN Tumblr As more and more consumers spend increasing time on their mobile devices such as smartphones and tablets. The challenge for brands to better connect with their customers through these devices and in real time is certainly growing. Creating campaigns that work well through social media, e-commerce and display advertising whilst being easy for the target market to access is important, which is why technology advancements are being used increasingly for marketing purposes. Simple TV advertisements or banners on the street are now no longer enough for marketing campaigns; in order to be successful it’s vital for brands to incorporate technology into their advertising efforts.360 VideoA 360-degree video is a video that is created with a 360 or spherical camera system in order to capture a whole 360 degrees of a scene. Now available for Facebook and YouTube, an increasing number of brands are using this exciting technology for advertisement purposes, for example 888 Poker, where you can watch awesome 360-degree videos of poker games online. This is a captivating, innovative way for marketers to share immersive content, stories and experiences with their target market, and we can expect to see this technology used in various marketing campaigns in the future.Apps and Push NotificationsAn increase in smartphone and tablet use has given brands and marketers the opportunity to share information with their target market in real time by notifying them directly. No longer do marketers need to simply sit and hope that their campaigns will be noticed; the use of smartphone and tablet apps allows them to send a push notification straight through to a customers’ device, where they can’t help but notice and read it. This allows marketers to better connect with their target market and share up to date information the moment it is available.Social MediaAs more and more social sharing sites crop up and social media sites such as Facebook and Twitter dominate the digital world, businesses are relying on social media in order to market and advertise. Sites such as Facebook provide a valuable platform on which marketers can not only display advertisements and use innovative features to attract new customers, but also interact with and build better relationships with their existing customer base.Connecting with CustomersTechnology isn’t just improving and changing the way in which brands and businesses connect with their customers online, it’s also improving the offline experience. For example, it’s possible for a customer to walk into a store and place an order at the entrance on a tablet device, or leave a review for the store and detail their experience in order to provide the business with valuable details on how they can improve. Not only is technology helping to improve marketing, it’s also important to significantly improve the customer experience and stay up to date with what your market wants.How do you use technology when it comes to marketing and advertising your brand, products and/or services? We’d love to hear from you in the comments. Google+ Email How Technology is Improving the Ways Brands Are Advertising Facebook LinkedIn Pinterest Twitter Share. E-Headlines
City of Redmond Community Survey on Delivery of City Services Yields Positive Results Pinterest By CBN Email Share. Twitter At the Redmond City Council meeting Tuesday, August 23 staff presented the results of the 2016 Annual Redmond Community Survey conducted this spring. The purpose of the survey was to learn what the community thinks about the City that works them. The comprehensive survey included more than 40 questions ranging from how safe people feel, to their views on the downtown, to overall livability in Redmond, to their satisfaction with various City services and other City centric topics.“Our residents are making an investment through taxes, fees, and by their decision to live in Redmond. We owe it to them to be committed to continual improvement. Organizations who care about their customers and achieve brand loyalty make efforts to ask how are we doing,” stated City Manager Keith Witcosky.The Redmond Community Survey was distributed to 10,301 Redmond Water Utility clients in May 2016. 8,583 hard copies of the survey were mailed via the City’s newsletter, the Redmond Connection, and 1,718 residents were emailed electronic links to complete the survey online.A total of 1,442 resident survey responses were recorded. 681 survey responses (47 percent) came directly from electronic Redmond Water Utility clients; 527 survey responses (36 percent) were hard copy paper responses returned with monthly payments; 108 surveys responses (8 percent) were completed via direct links on the City website; and 126 survey responses (9 percent) were directly completed via Facebook.“A 14 percent response rate is good, but we’d like to increase that year over year” said Communication Manager, Heather Cassaro. “Like many data sets it becomes more valuable as time goes by. We have lot of good information which we can rapidly respond to, but with the passage of each year we will be able to assess trends and learn whether emphasis in a certain City function yields positive experiences from our community” Cassaro continued.The key findings of the survey indicate:Respondents rated overall livability very high.Residents seem content about City government’s overall delivery of services, but there is room for improvement.Community members rate police services high and generally feel safe in Redmond.Redmond parks valued assets and viewed positively despite a wide range of usage trends.Specific survey questions found that:-85 percent rated Parks as ‘good or ‘very good’-More than 85 percent rated overall livability in Redmond ‘good’ or ‘very good’-80 percent rated the cleanliness of streets very high-78 percent rated Polices services ‘good’ or ‘very good’-85 percent commuted to work alone in their vehicle-70 percent of respondents were over 45 years old-45 percent said they graduated from college or had an advanced degree93 percent were whiteThe Redmond Community Survey will continue to be conducted each spring, giving residents yet another outlet to voice their opinions and provide the City with input about policy decisions and service delivery.Click http://redmond-or.granicus.com/MetaViewer.php?view_id=1&event_id=102&meta_id=12285 for a copy of the Annual Redmond Community Survey Facebook on August 25, 2016 Google+ E-Headlines Tumblr LinkedIn 0
LinkedIn Apple No Longer the World’s Most Valuable Brand, Global Brand Ranking Reveals⦁ The world’s most valuable brand is Google, with a value of US$109.4 billion⦁ Apple’s brand value has dropped 27 percent, ending a 5 year period at the top⦁ Lego regains its status as the world’s most powerful brand ahead of Lego Batman releaseGoogle’s brand value rose by 24 percent during 2016 (from US$88.2bn to US$109.4bn) whilst Apple’s declined from $145.9bn to $107.1bn, according to the latest Brand Finance Global 500 report. Google last occupied the position of the world’s most valuable brand in 2011. The company remains largely unchallenged in its core search business, the mainstay of its advertising income. Ad revenues were up 20 percent in 2016 as budgets are increasingly directed online and Google finds more innovative ways to monetise users.David Haigh, CEO of Brand Finance, said: “Apple has struggled to maintain its technological advantage, with new iterations of the iPhone delivering diminishing returns, while the Chinese market is now crowded with local competitors. Apple has been living on borrowed time for several years by exploiting its accumulated brand equity. This underlines one of the many benefits of a strong brand, but Apple has finally taken it too far.”Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Brands are first evaluated to determine their power / strength (based on factors such as marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation). Brand strength is used to determine what proportion of a business’s revenue is contributed by the brand, which is projected into perpetuity to determine the brand’s value. The results of this analysis are ranked, with the world’s 500 most valuable brands featured in the Brand Finance Global 500.View the full list of the world’s 500 most valuable brands hereLego has regained its status as the world’s most powerful brand. The building blocks for Lego’s brand strength have always been present but the release of the Lego Movie in 2014 provided the final push required to make Lego the world’s most powerful brand in 2015. The first sequel, the Lego Batman Movie will be released on February 9th. Its predicted impact has helped Lego regain its top position, lost to Disney in 2016. Further planned releases will continue to build the brand for years to come, while contributing significantly to Lego’s already vast licensing income.David Haigh adds: “Unvalued brands can lead to undervalued companies that are more vulnerable to takeover, struggle to secure adequate financing and miss market opportunities. Meanwhile a powerful brand can protect a company’s value during turbulent market conditions, create new market opportunities and increase profit margins. All companies should therefore not just know the value of their brands, but also understand what drives that value and how it can be harnessed to benefit the business as a whole.”You can find more detailed insights into brands from industries such as TMT, Oil & Gas, Tech, FMCG, Banking, Fashion, and Aviation in the Brand Finance Global 500 2017 Report, highlights include:⦁ China’s bank brands are now worth more than those of the United States⦁ ICBC is the world’s most valuable banking brand⦁ AT&T has overtaken Verizon to become the world’s most valuable telecoms brand⦁ Emirates is no longer the most valuable airline brand, having been overtaken by American, United & Delta⦁ Coca-Cola, Pepsi, McDonalds, KFC & Subway all see brand values fall, undermined by healthy eating trends⦁ Nokia’s brand is back from the brink and back in the top 500, following takeover and rebrand of Alcatel and launch of the Nokia 6 phoneRead the full report on the world’s 500 most valuable brands hereBrand Finance is a leading brand valuation and strategy consultancy, with offices in over 15 countries. We provide clarity to marketers, brand owners and investors by quantifying the financial value of brands. Drawing on expertise in strategy, branding, market research, visual identity, finance, tax and intellectual property, Brand Finance helps clients make the right decisions to maximize brand and business value and bridges the gap between marketing and finance.MethodologyDefinition of BrandWhen looking at brands as business assets that can be bought, sold and licensed, a technical definition is required. Brand Finance helped to craft the internationally recognized standard on Brand Valuation, ISO 10668. That defines a brand as “a marketing-related intangible asset including, but not limited to, names, terms, signs, symbols, logos and designs, or a combination of these, intended to identify goods, services or entities, or a combination of these, creating distinctive images and associations in the minds of stakeholders, thereby generating economic benefits/value.”However, a brand makes a contribution to a company beyond that which can be sold to a third party. ‘Brand Contribution’ refers to the total economic benefit that a business derives from its brand, from volume and price premiums over generic products to cost savings over less well-branded competitors.Brand StrengthBrand Strength is the part of our analysis most directly and easily influenced by those responsible for marketing and brand management. In order to determine the strength of a brand we have developed the Brand Strength Index (BSI). We analyse marketing investment, brand equity (the goodwill accumulated with customers, staff and other stakeholders) and finally the impact of those on business performance. Following this analysis, each brand is assigned a BSI score out of 100, which is fed into the brand value calculation. Based on the score, each brand in the league table is assigned a rating between AAA+ and D in a format similar to a credit rating. AAA+ brands are exceptionally strong and well managed while a failing brand would be assigned a D grade.ApproachBrand Finance calculates the values of the brands in its league tables using the ‘Royalty Relief approach’. This approach involves estimating the likely future sales that are attributable to a brand and calculating a royalty rate that would be charged for the use of the brand, i.e. what the owner would have to pay for the use of the brand—assuming it were not already owned.The steps in this process are as follows:1 Calculate brand strength on a scale of 0 to 100 based on a number of attributes such as emotional connection, financial performance and sustainability, among others. This score is known as the Brand Strength Index, and is calculated using brand data from the BrandAsset® Valuator database, the world’s largest database of brands, which measures brand equity, consideration and emotional imagery attributes to assess brand personality in a category agnostic manner.2 Determine the royalty rate range for the respective brand sectors. This is done by reviewing comparable licensing agreements sourced from Brand Finance’s extensive database of license agreements and other online databases.3 Calculate royalty rate. The brand strength score is applied to the royalty rate range to arrive at a royalty rate. For example, if the royalty rate range in a brand’s sector is 0-5 percent and a brand has a brand strength score of 80 out of 100, then an appropriate royalty rate for the use of this brand in the given sector will be 4 percent.4 Determine brand specific revenues estimating a proportion of parent company revenues attributable to a specific brand.5 Determine forecast brand specific revenues using a function of historic revenues, equity analyst forecasts and economic growth rates.6 Apply the royalty rate to the forecast revenues to derive brand revenues.7 Brand revenues are discounted post tax to a net present value which equals the brand value. E-Headlines on February 2, 2017 Email 0 Share. 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Share. 0 Packed with a Billion Tiny Reasons to Drink It Pinterest E-Headlines on November 29, 2017 Email Google+ (Photo courtesy of The Water Kefir People)The Water Kefir People (TWKP), founded in 2014 by Crystal Bossola and Jacinda Swan, is partnering with natural foods distributor UNFI to bring their probiotic beverages to the Pacific Northwest. While moving production and bottling to Bend has allow TWKP to grow and expand, they claim to have remained true to their small batch roots.“Our water kefir soda is an exciting new category in the rapidly growing market of probiotic functional beverages and we are proud to provide a healthy choice to consumers that is all natural, probiotic, GMO-free, dairy-free, organic and kid-friendly,” said co-founder Crystal Bossola. “We are thrilled to be rolling out locally throughout the Pacific Northwest, our home market, working with health food industry leader, UNFI.”Five flavors of The Water Kefir People’s probiotic sodas will became available in stores in November, including Hibiscus Rosehip, Dragon Fruit, Lavender Blueberry, Turmeric Ginger and Strawberry Basil. LinkedIn By CBN Tumblr Twitter Facebook
E-Headlines Tumblr By CBN HOW YOUR BUSINESS CAN BENEFIT FROM THE USE OF ELECTRIC ACTUATORS Share. Twitter on April 18, 2018 Pinterest 0 Google+ Email Facebook Owning a business is like being in a relationship. It’s heartwarming but also scary. Every sweat and toil to make your business success sometimes may turn out disastrous. Ford’s founder, Henry Ford, who having failed a couple of times said, “When it seems like nothing is going your way, remember, a plane takes off against the wind, not beside it.”Nowadays, things are simple thanks to technology and innovations. However, though, there’s still the risk of failure due to a number of reasons. Your employees missing work due to poor health, equipment failure these are just a few of the many.How can you then ensure your business is at 100% or up to in productivity and uptime? By using simple devices called linear actuators. These devices enable constant operation with an almost zero failure rate.Incorporating Actuators in your BusinessAlthough actuators have for a long time been considered and deemed for use in the industrial and manufacturing sector, smaller 12 volt actuators have found their way into homes, offices and small businesses. Some examples of how businesses use actuators in day-to-day operations.FarmingPatience is a trait required by any farmer. In addition to taking care of animals, planning and execution and business organization are skills one ought to have. Constant production is possible only with healthy animals and nominal loses which amounts to enhanced orderliness. So what do https://www.actuatorzone.com/actuators bring to your farm?Decrease loss of animal feed Currently, farming is very competitive and in order to survive the competition you have to cut down on costs. Electric linear actuators serve a vital function in the dirt-covered environment where grain is handled.They’re installed on elevators and diverters for precision control of feeds and efficient waste management. During livestock feeding, actuators assist the farmer to automate the process and regulate rations.Enhance living conditions in stables You need heat during heater and cooling during summer, livestock too need the same, as we all are animals. What actuators do is integrate easily with the existing systems like stable ventilation (opening and closing dampers) and even cover lifts. Actuators are rigid and work in the harshest conditions with ease (storms, rain, wind). And even come with safety features to stop in case of an overload or power cut.Efficient and long lastingActuators minimal energy use and minimal to zero maintenance in their operational lifespan makes them ideal for farming business. They help in reduction of costs, maximization of uptime and improved production. Feedback sensors maintain precision control, which allows for flexibility and easy customization to meet the farmer’s needs.Shop/StoreWorking as a shop or store attendant has its own downs. It recent years, the job has come under huge criticism about how employers treat their employees and their working conditions. The groups affected are cashiers and checkout personnel.Having an adjustable option on the counter and checkout stand ensures smother working environment for staff. Actuators provide:Exquisite design offering greater flexibilityImproved performance and ergonomics – helping you save on operating costs and increase employee productivityDependability aspect as no maintenance is neededIndustrialIf you are producing foodstuffs, personal hygiene items or even textile, you’ll always want reliability and efficiency. And that’s what you’ll get with linear actuators. Labor and workers union are ever campaigning for improved employee working environment.The implementation of actuators use in the industrial setting helps in:Reducing injuries like sprains and bone breakages from heavy lifting, pushing and pullingGetting work done fasterEliminating the risk of human errorFishingMaking a living out of fishing requires a good crew and a reliable vessel. Your obligation is to keep your crew safe and at the same time make money. Fishing requires lots of physical strength pushing, hurling, pulling and carrying which is time-consuming. To make operations in your boat smoother, you may opt to go for the electric actuator.For example, actuators are useful when it comes to raising or lowering the sails on the mast, pulling in fish caught and also opening and closing the hatch. Actuators ensure:Your vessel parts enjoy a long life at sea since conditions are harsh (salty water, storms)Fishing operations within and out of your boat are effectively carried outYou save money on repairs to your vesselThere no doubt that actuators are a good add-on to your business setting. They enable you to cut down on costs, keep your business uptime and give you flexibility. Whatever your business, there’s an actuator ready to meet your needs; if not there are numerous custom options. You are able to choose from the smaller 12-volt to the larger 24-volt actuator.A business is about making a profit and you can’t make a profit if your expenses are high. Adding actuators gives you an edge over your competition, as you are able to effectively get things done. This is because they require zero maintenance throughout their lifetime. You save on electricity, as actuator operations require minimal power.Before going for an actuator, will be better to consult a specialist of the company like ActuatorZone who will give you a more detailed explanation of what actuator suits you. They will advise you on the voltage, stroke, and force required for particular operations in your business. You can afterward proceed to purchase an actuator of your choice. Actuators give you efficiency, reliability, and flexibility. LinkedIn
Altru $1.3M Here are the latest venture capital, seed, and angel deals for NYC startups for 6/8/18. This page will be updated throughout the day to reflect any new fundings.PREVIOUS POSTNEXT POST The AlleyWatch NYC Startup Daily Funding Report: 6/8/18 by AlleyWatch Tagged With: Vincent Polidoro, Altru, Alykhan Rehmatullah, Birchmere Ventures, Sean Ammirati 251SHARESFacebookTwitterLinkedin Altru, the mobile content platform that leverages existing employees for marketing and recruiting, has raised $1.3M in funding according to a recent SEC filing. Founded by Alykhan Rehmatullah and Vincent Polidoro in 2017. The filing lists Sean Ammirati of Birchmere Ventures as a Director.
The AlleyWatch NYC Startup Daily Funding Report: 10/16/18 by AlleyWatch Cloud computing platform specifically designed for next-generation applications like AI and machine learning, has raised $13M in Series A funding from investors that include Intel Capital, Battery Ventures, Initialized Capital, Sorenson Capital, and SineWave Ventures. Founded by Daniel Kobran and Dillon Erb in 2014, Paperspace has now raised a total of $21.5M in funding across six funding rounds. Thirty Madison $15.25M The latest venture capital, seed, and angel deals for NYC startups for 10/16/18 featuring funding details for Thirty Madison, Chief, Paperspace, Canary, SAM.AI, and much more . This page will be updated throughout the day to reflect any new fundings.PREVIOUS POSTNEXT POST Direct-to-consumer healthcare brand Thirty Madison, which operates Keeps, a treatment for men suffering from baldness, and a soon to be launched treatment solution for migraine sufferers called Cove, has raised $15.25M in funding. Full coverage: This NYC Startup Just Raised $15.25M to Expand its Focus on Healthcare Solutions for the Most Common Chronic Conditions SAM.AI $506K Chief $3M – Seed Home security hardware provider Canary has raised $25M in investment from Dublin-based strategic investor Smartfrog. With this round, Smartfrog now has a controlling stake in Canary, which was founded by Adam Sager, Chris Rill, and Jon Troutman in 2012. Smartfrog had not previously invested in the company. Canary had raised a total of $66.2M and will continue to operate under its own brand, for now. Canary $25M Tagged With: Chris Rill, Dillon Erb, Jon Troutman, Lindsay Kaplan, Able Partners, Accel, Adam Sager, Alexa von Tobel, Battery Ventures, BBG Ventures, BoxGroupHome security provider Canary has raised $25M in investment from strategic investor Leapfrog. With this round, Canary, Carolyn Childers, Chief, Daniel Kobran, Flybridge Capital Partners, Initialized Capital, Intel Capital, Paperspace, Raz Choudhury, Sam.ai, Silas Capital, SineWave Ventures, Smartfrog, Smartfrog now has a controlling stake in Canary, Sorenson Capital, XFactor Ventures According to a recent SEC filing, SAM.AI, the data science-powered sales and marketing growth platform has raised $506K in funding. The offering indicates that there were two participants in the round and that the full offering amount is for $900K. The company is a past graduate of NVP Labs. Chief, a newly founded private network for executive women founded by Carolyn Childers and Lindsay Kaplan, has raised $3M in seed investment from investors that include Accel, Flybridge Capital Partners, BoxGroup, Primary Venture Partners, BBG Ventures, XFactor Ventures, Silas Capital, Alexa von Tobel, and Able Partners. 251SHARESFacebookTwitterLinkedin Paperspace $13M – Series A
Filed Under: Advice, Management, Resources, Strategic Why Business Plans are Overrated for Your StartupJuly 26, 2019 by Aaron Agius 250SHARESFacebookTwitterLinkedin Any business advisor would encourage startups to produce a business plan before they do anything else. A business plan, they’d say, will allow you to layout your vision, identify any potential pitfalls, and force you to map out all aspects of the journey ahead of you. It’ll give you a starting point from which to pitch to investors.But increasing numbers of businesses are choosing not to write a business plan. In fact, more businesses are exploring various options and avenues before committing to a solid “plan of attack.” I am one of these people, and I’ll tell you why I believe business plans are overrated for startups.They take up valuable timeMany startups mistakenly think that investing time in a plan will provide a shortcut towards securing funding, but the problem is that business plans are hugely time-consuming, even with the help of specialist software.Anyone who has started a company would understand that time spent on a vast dossier to plan out every last detail is the time that could be spent on the million-and-one other things that need to be done.My advice, as a doer, is to just get started. Put your time and effort into the task at hand.They quickly become outdatedWhen you’ve spent so much time crafting the perfect business plan, it’s infuriating to find out that two months in, it’s already outdated. Your vision for your business may have changed slightly or your target audience might be different. Or perhaps you’ve realized you’d overlooked a cost that will distort your financial projections beyond recognition.When I was setting up my agency, things changed so quickly that if I created a business plan, I might have been less willing to go along with those changes to see where they’d lead. Embracing new ideas, changes in direction, and following your intuition are so crucial in those early months of your startup.It won’t help you make decisionsMany businesses mistake a business plan for a crystal ball. Having one will not predict the future, and it probably won’t be much help in those crucial decision-making moments.Many businesses mistake a business plan for a crystal ball. Having one will not predict the future, and it probably won’t be much help in those crucial decision-making moments.When I started my company, there were always issues popping up that required instant decisions. I had to think on my feet and make important calls, oftentimes with limited information available.I experienced many scenarios where a business plan wouldn’t have helped me, including when the needs of my clients were changing or when a newly launched product impacted the services my company offered. Some months I’d even find that one or more of my clients hadn’t paid on time, meaning I couldn’t pay my staff. A business plan couldn’t have helped. Instead, I had to figure out what to do and understand what was best for my company, my clients, and my employees at that given moment.It might limit your thinking and learningIn the early stages of building my company, I learned a very important skill: how to pitch potential clients. During meetings with potential clients, I discussed how I could help them with their online marketing, but I realized I wasn’t getting the full story. Potential clients were telling me what they wanted (or what they thought they wanted). In time, and with an intuitive outlook, I learned how to read between the lines.In time, and with an intuitive outlook, I learned how to read between the lines.While a business plan might have documented my clients’ goals and needs, it most likely would not have allowed me to probe and develop a deeper understanding of what it is that clients really wanted.It lets in the notion of failureAny business advisor would encourage startups to produce a business plan before they do anything else. A business plan, they’d say, will allow you to lay out your vision, identify any potential pitfalls, and force you to map out all aspects of the journey ahead of you. It’ll give you a starting point from which to pitch to investors.But increasing numbers of businesses are choosing not to write a business plan. In fact, more businesses are exploring various options and avenues before committing to a solid “plan of attack.” I am one of these people, and I’ll tell you why I believe business plans are overrated for startups.They take up valuable timeMany startups mistakenly think that investing time in a plan will provide a shortcut towards securing funding, but the problem is that business plans are hugely time-consuming, even with the help of specialist software.Anyone who has started a company would understand that time spent on a vast dossier to plan out every last detail is the time that could be spent on the million-and-one other things that need to be done.My advice, as a doer, is to just get started. Put your time and effort into the task at hand.They quickly become outdatedWhen you’ve spent so much time crafting the perfect business plan, it’s infuriating to find out that two months in, it’s already outdated. Your vision for your business may have changed slightly or your target audience might be different. Or perhaps you’ve realized you’d overlooked a cost that will distort your financial projections beyond recognition.When I was setting up my agency, things changed so quickly that if I created a business plan, I might have been less willing to go along with those changes to see where they’d lead. Embracing new ideas, changes in direction, and following your intuition are so crucial in those early months of your startup.It won’t help you make decisionsMany businesses mistake a business plan for a crystal ball. Having one will not predict the future, and it probably won’t be much help in those crucial decision-making moments.Many businesses mistake a business plan for a crystal ball. Having one will not predict the future, and it probably won’t be much help in those crucial decision-making moments.When I started my company, there were always issues popping up that required instant decisions. I had to think on my feet and make important calls, often times with limited information available.I experienced many scenarios where a business plan wouldn’t have helped me, including when the needs of my clients were changing or when a newly launched product impacted the services my company offered. Some months I’d even find that one or more of my clients hadn’t paid on time, meaning I couldn’t pay my staff. A business plan couldn’t have helped. Instead, I had to figure out what to do and understand what was best for my company, my clients, and my employees at that given moment.It might limit your thinking and learningIn the early stages of building my company, I learned a very important skill: how to pitch potential clients. During meetings with potential clients, I discussed how I could help them with their online marketing, but I realized I wasn’t getting the full story. Potential clients were telling me what they wanted (or what they thought they wanted). In time, and with an intuitive outlook, I learned how to read between the lines.In time, and with an intuitive outlook, I learned how to read between the lines.While a business plan might have documented my clients’ goals and needs, it most likely would not have allowed me to probe and develop a deeper understanding of what it is that clients really wanted.It lets in the notion of failurePREVIOUS POSTNEXT POST
US$339.99 ZOTAC Gaming GeForce RTX 2060 Twin Fan 6GB GDDR6 As the world gears up to celebrate the 50th anniversary of the Apollo 11 landing on the Moon all the way back in 1969, NVIDIA has updated its Apollo 11 ray tracing demo showcase. The new update enhances the work NVIDIA did with the original Apollo 11 moon landing demo with improved RTX real-time ray tracing technology. The work that NVIDIA has put into this is quite incredible, with the video above showing off the best that RTX has to offer. It’s a pretty crazy achievement to have these types of graphics with realistic lighting thanks to ray tracing, imagine going back in time to 1969 and showing these graphics running on a PC to someone back in 1969? Their mind would be blown completely wide open. Buy $339.99 $339.99 TodayYesterday7 days ago30 days ago –
Zalmay Khalilzad, in Kabul to lead talks between the United States, the Taliban and the Afghan government, told reporters he hopes “a peace deal is reached before April 20 next year”, when Afghanistan is planning to hold a presidential election.The Afghan-born US diplomat said he remained “cautiously optimistic” about the peace talks.Khalilzad, chosen by US President Donald Trump’s administration to hold direct talks with the Taliban, met the leaders of the militant group in Qatar last month to find ways to end the 17-year war in Afghanistan.On Sunday Khalilzad said the end state of the talks would be “peace and a successful Afghanistan, one that doesn’t pose any threats to itself and to the international community”.The Taliban spokesman was not immediately available for comment but two senior Taliban leaders, speaking on condition of anonymity, said the Taliban leaders will present a new set of demands to Khalilzad.The insurgents, fighting to expel foreign forces and defeat the Western-backed Afghan government, last month presented demands to Khalilzad that included a timeline for the withdrawal of US troops and the release of senior Taliban from jails.In October, Pakistan released one of the co-founders of the Taliban and another high-ranking commander.No date has been announced for another round of talks but Khalilzad said the Taliban “might bring additional changes to their team of negotiators.”Khalilzad is trying to cobble together a negotiating team comprising influential Afghans to reassure the US-backed government in Kabul that it will not be shut out of a peace process.While the Trump administration and Afghan President Ashraf Ghani’s government are making efforts to reach a settlement with the Taliban, the insurgents have continued their attacks on government forces, inflicting hundreds of casualties over recent weeks in assaults across Afghanistan.On Saturday, US Joint Chiefs Chairman General Joseph Dunford said: “We used the term stalemate a year ago and relatively speaking it hasn’t changed much, but … we do believe that the Taliban know that at some point they have to reconcile.”Source: Reuters London best pest control The US special envoy to Afghanistan hopes to cement a peace deal with Taliban insurgents by April 2019, local media reported on Sunday. Zalmay Khalilzad, chosen by US President Donald Trump’s administration to hold direct talks with the Taliban, met the leaders of the militant group in Qatar last month to find ways to end the 17-year war in Afghanistan.
–shares The CEO Behind ‘Fortnite’ Is Now Worth More Than $7 Billion 2 min read Billionaires 2019 Entrepreneur 360 List Epic Games CEO Tim Sweeney is No. 194 on the Bloomberg Billionaires Index of the world’s 500 richest people. The only list that measures privately-held company performance across multiple dimensions—not just revenue. January 2, 2019 This story originally appeared on Business Insider Ben Gilbert The man in charge of the company that makes Fortnite is now worth over $7 billion.Epic Games CEO Tim Sweeney is No. 194 on this year’s list of the world’s 500 richest people, published annually by Bloomberg. Sweeney isn’t confirming the number himself; it’s based on his presumed sale of Epic Games stock during a recent venture fundraising round.Based on the list, Sweeney is worth an estimated $7.16 billion. That puts him above better-known billionaires like George Soros and George Lucas, but still well below the Mark Zuckerbergs and Jeff Bezoses of the world.Image Credit: Fortnite | Epic GamesThough Fortnite launched in summer 2017, the game’s dominance has continued steadily throughout 2018.The game now has over 200 million players and is available on a whopping seven different game platforms: iPhone, Android, PC, Mac, Xbox One, PlayStation 4 and Nintendo Switch. Better still, the game can be played across all those platforms — a first in the world of video games.And all those players means hundreds of millions of dollars in monthly revenue just from Fortnite.But Fortnite alone isn’t how Sweeney made his billions. Through years of work as the CEO of Epic Games, Sweeney has amassed wealth by running a wildly successful gaming company.Epic Games makes, for instance, the Unreal Engine, a set of software tools used to build some of the world’s biggest games (including Fortnite, of course). When game developers and publishers sell games made with Unreal Engine, Epic Games gets a cut.And Epic Games isn’t slowing down: The company’s latest move is launching an online storefront for game developers and publishers, the Epic Games Store, designed to take on Valve’s Steam service.Image Credit: Epic GamesIt’s a brilliant move from Sweeney and Co. that offers not only a new retail option, but a far larger cut for game sellers of their own profits. As the chart above demonstrates, Epic Games is offering an 88 percent revenue split, while Steam and other digital retailers like Apple’s App Store offer about 70 percent.With forward-looking moves like the Epic Games Store and the continuing success of Fortnite, Sweeney’s position on the 500-richest list is likely to only increase in the coming years. Image credit: Mike Coppola | Getty Images Apply Now » Next Article Add to Queue
Image credit: Gabriel Olsen / Contributor Seeing a Brand ‘Probortunity,’ Tinder Awards Scholarship to Sorority Girl Penalized for Using the Viral Dating App Branding –shares Add to Queue Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Former West Coast Editor April 25, 2016 Next Article Tinder has an image problem it can’t simply swipe away. The popular app is often viewed as a shameless hookup tool, not as a benevolent, respectable conduit through which deep, lasting human matches are made, as co-founder Sean Rad has long tried to spin it.Now, in his latest move, it appears the controversial CEO is positioning Tinder as a vehicle for female empowerment. Rad recently awarded a University of Nebraska Omaha junior a $20,000 full-year scholarship after she was threatened to be booted from her sorority, Chi Omega. The grounds for her near-expulsion: donning a shirt displaying the sorority’s letters in her Tinder profile pic.Related: Tinder’s Sean Rad: Be Real, Be Vulnerable and Confide in Your Co-WorkersShannon Workman (center)Image credit: Shannon Workman | FacebookThe student, Shannon Workman, was told by Chi Omega’s executive committee that her Tinder photo breached its “Human Dignity” code. “They just don’t think that Chi Omega should be involved with that site,” she told Buzzfeed, of the committee members who initiated the process to revoke her membership. They informed Workman of their plans to penalize her during an emergency meeting, which she cut short by walking out in protest. She did, however, take down the profile photo in question.News of Workman’s looming dismissal, which also prompted her to resign, presented Tinder with a so-called “probortunity,” an opportunity born of a problem. In this case, a prime branding probortunity. Speaking up on behalf of a user who took part in a sorority is on-brand for Tinder, as it’s deeply rooted in the Greek system, Sean Rad told Entrepreneur this morning.“Sorority and fraternity members were our earliest adopters and that demographic is still one of our most active user groups today,” Rad said, pointing out that Tinder was launched at the University of Southern California through the Greek system. “When we found out what Shannon was going through, we wanted to help and turn the experience into a positive one.”Related: What You Can Learn From ‘Glamour’s’ Brand-Tarnishing Amy Schumer ‘Plus Size’ GaffeRad also noted that this is the first time Tinder has offered a scholarship to anyone. “We have paid interns at Tinder, but it’s the first time we reached out to someone whose story inspired us and asked them to be part of the team,” he said. “[Workman’s] actions showed a depth of leadership and courage that is admirable and something we value as part of our company culture. We always want to stand up for our users who stand up for us.”Whatever you do, college kids, don’t stop Netflix and chilling via Tinder, just because the viral app has a bad rap.On top of offering to pay for Workman’s entire senior year, Rad went a step further. He offered the student a paid internship at Tinder’s trendy West Hollywood, Calif., headquarters. She is considering both offers, but has yet to make up her mind. In the meantime, she sounds an awful lot like an ideal brand ambassador.“I do stand up for Tinder because I don’t think there’s anything wrong with it,” she told Buzzfeed. “Some people use it for hookups but I don’t, and a lot of great things happen through Tinder.”Related: Tinder Co-Founder Sean Rad on the Hot Dating App’s Viral SuccessDavid Gerzof Richard, branding expert and founder and president of Boston-based tech PR firm BIGfish Communications, said Rad’s scholarship offer is a branding homerun. “This is a brilliant, heads-up move by Tinder,” he told Entrepreneur. “The company has taken a lemon of a situation experienced by one of its users and turned it into lemonade for both that customer and the Tinder brand.”Better yet, Gerzof Richard, also a marketing professor at Emerson College, said, is the flurry of press Rad’s strategy quickly stirred up. “The main message conveyed through that coverage being: ‘Tinder is a good guy. Tinder has your back.’”He also said that a PR campaign that attracts such overwhelmingly positive coverage “would typically be extremely expensive, but it only cost Tinder a year’s scholarship and a paid internship at Tinder. Everyone came out a winner in this situation.” Enroll Now for $5 4 min read Kim Lachance Shandrow