text:
WSJ Opinion: The Coronavirus Vaccine Gets Political
Journal Editorial Report: Biden and Harris hit Trump on the vaccine race. Image: AFP/Getty Images Composite: Mark Kelly
Journal Editorial Report: Biden and Harris hit Trump on the vaccine race. Image: AFP/Getty Images Composite: Mark Kelly
(Bloomberg) -- A New York Times story based on Donald Trump's long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president.That doesn't mean he isn't a billionaire.By pairing moneymaking businesses with spectacular money-losers, the Trump Organization has been able to shield profits generated by office properties and "The Apprentice" from tax collectors. It's a souped-up version of the formula deployed by America's landlord class for decades. But tax losses are different from operating losses, and the new data don't necessarily show his business empire is heading into crisis, even if it's carrying sizable debts."Your tax return at the end of the day shows income and whatever deductions are claimed against that income. That's it," said Thorne Perkin, president at Papamarkou Wellner Asset Management. "It doesn't necessarily show net worth."The newspaper's report described the extent of Trump's tax-cutting strategies, such as taking deductions for consulting fees to his daughter and for hairstyling, which resulted in paying far less than poorer Americans. Although the report raises questions about the legality of some of the maneuvers, the new details don't affect the Bloomberg Billionaires Index estimate of his wealth. His net worth is based chiefly on the value of his office and commercial property holdings, minus debts that were already known. The index estimated his net worth at $2.7 billion as of August, down $300 million from mid-2019, hurt by declining prices for certain types of real estate holdings.Trump's office properties include commercial spaces at Trump Tower, a leasehold on 40 Wall Street in downtown Manhattan and a 30% interest in two office towers co-owned with Vornado Realty Trust. Collectively, the assets are valued at about $1.9 billion, and Trump's share of the debt that encumbers them is about $670 million -- meaning they constitute almost half of his net worth.Financial records for his golf courses in Europe have long shown that, after including items such as depreciation, they run in the red. The tax data obtained by the Times reveal Trump's American golf courses operate similarly.Depreciation is crucial for real estate investors. Depending on the type of property at hand, they can write off a portion of its value over a useful lifetime pre-determined by the Internal Revenue Service. That allows investors to claim tax losses on the property even when they're putting money in their pockets."You want to show as much losses as you possibly can for your deductions," said Papamarkou's Perkin. "That's a big part of the advantages of real estate investing."The president's son, Donald Trump Jr., disputed the Times's reporting on Tuesday while acknowledging that Trump exploited depreciation, tax credits and other provisions of the tax code."He's paying tens of millions in taxes -- now, he's not going to pay more" than he needs to, the president's son said in an interview on Fox Business Network. "And by the way, he's following the tax code that people like Joe Biden, who has been in DC for 47 years, have written. He's playing by their rules. Joe Biden is taking advantage of the same loopholes."The Times in a Monday story also revealed that when Trump did pay taxes it was because of cash from his role fronting "The Apprentice" and not as a real-estate developer. He earned $197 million from the show and $230 million from branding, speaking engagements and licensing deals off the back of the fame the series provided. As well as borrowing against Trump Tower and selling stocks and bonds, he plowed some of that money into the money-losing golf courses.Carrying LoansThe tax documents described by the Times aren't enough to draw conclusions about the profitability of Trump's empire. But even if his golf courses are bleeding money, they contribute comparatively little to the tally of his fortune -- about $430 million before debt. Prices for golf resorts are down after years of decreasing interest in the sport. Younger generations simply aren't taking it up as quickly as their elders are leaving it behind.Trump has long been required to disclose a road map to his assets and liabilities. In 2015, then a contender for the Republican party's nomination for president, he released a financial disclosure listing the lenders behind his loans, ranges for their outstanding balances, when they were issued and when they must be repaid.That several are due in the next few years isn't unusual in commercial real estate, where most loans run five to 10 years and are refinanced regularly. Unless there is a serious deterioration in the performance of his properties, it's likely his portfolio can be refinanced before loans mature.Though Trump has carried on this balancing act for years, his re-election could make obtaining new loans harder if potential lenders don't want to face the prospect of foreclosing on a sitting U.S. president. Conversely, Trump is engaged in a variety of court fights that could accelerate once he leaves office and complicate refinancing. The Covid-19 pandemic also may take a lasting toll on the value of his holdings, making future loans more onerous.His biggest financial vulnerabilities remain his hotel in Washington, where the pandemic has slowed business, and Doral, a sprawling golf resort in Florida. He has taken out nearly $300 million of personally-guaranteed loans from Deutsche Bank AG against these properties. The debts mature in 2023 and 2024, according to his personal financial disclosure.Room to BorrowBut Trump, whose earlier career included a series of bankruptcies, also has a safety valve: the office properties.When he refinanced Trump Tower in 2012 with a $100 million loan, it was appraised at $480 million. A 2015 refinancing of 40 Wall Street fetched a $160 million loan on a $540 million appraisal.That left both properties relatively low-levered for Manhattan real estate, suggesting either a newly learned financial conservatism on Trump's part or a squeamishness on the part of the lender, Ladder Capital. Ladder, which specializes in loans for commercial property, is Trump's second-biggest lender after Deutsche Bank.An August appraisal of the buildings by the Bloomberg Billionaires Index, based on current net income and prevailing capitalization rates, was less sanguine, valuing them at $365 million and $375 million respectively. But so long as the pandemic doesn't crater office values, the properties could carry far more debt, were Trump to need it.(Updates with comments from Trump's son in 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Nikola and GM are still negotiating a partnership with a deadline near, while two women accused founder Trevor Milton of sexual assault.
The IRS has admitted low-income taxpayers are audited more often than high-income taxpayers like President Trump. Here's why.
An Amazon.com, Inc (NASDAQ: AMZN) senior manager and her two family members were charged with insider trading by the United States Securities and Exchange Commission on Monday.What Happened: Laksha Bohra is alleged to have tipped her husband Viky Bohra about highly confidential information about the e-commerce giant's financial performance between January 2016 and July 2018, the SEC said in a statement.According to SEC, the Amazon manager came into possession of the information as she prepared and reviewed earnings calculations used to finalize numbers for the retailer's quarterly and annual earnings filed with the regulator.The SEC's complaint, filed in a federal court in Seattle, states that Viky Bohra and his father Gotham Bohra used the information to trade using 11 separate accounts maintained by different members of the family.The family allegedly reaped benefits to the tune of $1.4 million from the unlawful trading.The Bohras have agreed to return nearly $1.5 million they gained in illegal profit and pay an additional penalty of $1,106,399, as per the SEC.The U.S. Attorney's Office for the Western District of Washington filed criminal charges against Viky Bohra on Monday.Why It Matters: The Jeff Bezos-led company reportedly terminated Bohra in 2018 for reasons not mentioned in the complaint, Fortune reported. In 2017, the SEC had charged another employee of the e-commerce giant for leaking sensitive information to a college friend for financial gain.Price Action: Amazon shares closed 2.55% higher at $3,174.05 on Monday and gained almost 0.5% in the after-hours session.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Walmart Looks To Invest Up To B In Tata's India Retail App, As Other US Giants Rush To Rival: Report * Amazon Launches A Month Try And Buy Personal Shopping Service For Men(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Nio Inc - ADR (NYSE: NIO) shares were advancing Monday, buoyed by the electric automaker's announcements at a Chinese auto show over the weekend.Nio Parades Products, Services: At the Beijing International Auto Exhibition 2020, Nio displayed its EV models, including the EP9, an electric super car launched in 2016; the ES8, its six-seater flagship premium EV model; and the recently launched EC6 SUV.The company also showcased a Power Swap Station, three types of chargers, NIO Innovations and patents and NIO Life.As expected, the company announced an upgrade to its smart operating system to Nio OS 2.7.0.Nio Unveils New Driver Assistance Functionality: Nio also released its Navigate on Pilot feature, which automatically guides the car on ring roads and highways."This is the first NIO.com commercial application of high-definition map in China on the ADAS functionality of mass-produced vehicles, which further enhances NIO Pilot's capability," Nio said in a press release.The company plans to release the feature to users in batches through firmware over the air in October, along with the newest upgrade to its operating system. Nio announced 20 new features and function optimizations, including camera-based driver drowsiness detection, remote seat ventilation and 5.1 immersive surround sound mode.Nio's Faster Charging Options: Nio has added 20 kilowatt-hour DC chargers to the list of destination charging stations to accelerate charging speed in certain scenarios and expand destination charging service coverage. This rapid charging facility will be offered under the company's battery-as-a-service offering.It also announced new Power Up Plan that provides a commitment of 100 million yuan ($14.6 million) subsidy for the deployment of a total of 30,000 destination DC chargers, forming a convenient and flexible charging network covering the country.NIO Price Action: Nio shares were advancing 1.58% to $18.61 at the time of publication Monday. Related Links:Why Nio Has A Shot At Becoming The 'Tesla Of China'Nio Shares Volatile After EV Maker Announces Redemption Of 8.6% Nio China Stake Photo courtesy of Nio. See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Nio Shares Volatile After EV Maker Announces Redemption Of 8.6% Nio China Stake(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
President Donald Trump paid no federal income tax in 10 of the past 15 years due to massive business losses, and just $750 in federal taxes in 2016 and 2017, the New York Times reported on Sunday. The paper said it had acquired more than two decades' worth of tax-return data from Trump and his business organization, though it does not include his personal tax returns for 2018 and 2019.
(Bloomberg) -- JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities' claims of market manipulation involving two of the bank's trading desks, the largest sanction ever tied to the illegal practice known as spoofing.Over eight years, 15 traders at the biggest U.S. bank caused losses of more than $300 million to other participants in precious metals and Treasury markets, according to court filings on Tuesday. JPMorgan admitted responsibility for the traders' actions. The Justice Department filed two counts of wire fraud against the bank's parent company but agreed to defer prosecution related to the charges, under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.The New York-based lender will pay the biggest monetary penalty ever imposed by the Commodity Futures Trading Commission, including a $436.4 million fine, $311.7 million in restitution and more than $172 million in disgorgement, according to a CFTC statement. The CFTC said its order will recognize and offset restitution and disgorgement payments made to the Department of Justice and Securities and Exchange Commission.Allegations of spoofing on the bank's precious metals desk emerged more than a year ago, in charges against several traders on the desk. But the settlement announced Tuesday also includes new allegations about spoofing by traders on the bank's Treasuries desk.The deal faults the bank for nearly eight years of manipulating prices of Treasury contracts, as well as trading in notes and bonds in the secondary market, that caused $106 million in losses. The government said five now-former JPMorgan traders executed thousands of deceptive trades. None of those traders have been charged publicly.The accord also ends the criminal investigation of the bank that led to a half dozen employees being charged for allegedly rigging the price of gold and silver futures from 2008 to 2016. Two have entered guilty pleas, and three traders and a former JPMorgan salesman are awaiting trial. In all, according to the settlement deal, 10 JPMorgan traders caused losses of $206 million to other parties in the market.Read More: Inside the JPMorgan Trading Desk the U.S. Called a Crime Ring"For nearly a decade, a significant number of JPMorgan traders and sales personnel openly disregarded U.S. laws that serve to protect against illegal activity in the marketplace," said Assistant Director in Charge William F. Sweeney Jr. of the FBI's New York Field Office.JPMorgan, in a statement, said it doesn't expect any disruption of service to clients as a result of the resolutions."The conduct of the individuals referenced in today's resolutions is unacceptable and they are no longer with the firm," said Daniel Pinto, a co-president of JPMorgan. "We appreciate that the considerable resources we've dedicated to internal controls was recognized by the DOJ, including enhancements to compliance policies, surveillance systems and training programs."The JPMorgan penalty far exceeds previous spoofing-related fines levied against banks, and is the toughest sanction imposed in the Justice Department's years-long crackdown on spoofing.Spoofing typically involves flooding derivatives markets with orders that traders don't intend to execute to trick others into moving prices in a desired direction. The practice has become a focus for prosecutors and regulators in recent years after lawmakers specifically prohibited it in 2010. While submitting and canceling orders isn't illegal, it is unlawful as part of a strategy intended to dupe other traders.Read More: Spoofing Is a Silly Name for Serious Market Rigging: QuickTakeMore than two dozen individuals and firms have been sanctioned by the Justice Department or the CFTC, including day traders operating out of their bedrooms, sophisticated high-frequency trading shops and big banks such as Bank of America Corp. and Deutsche Bank AG.The Justice Department took a much more aggressive tack with JPMorgan by alleging that the bank hosted an eight-year market manipulation conspiracy with its precious metals desk as a criminal racketeering operation.While other suspected market cheats have been charged with specific spoofing and manipulation offenses, the Justice Department accused JPMorgan metals traders under the 1970 Racketeer Influenced and Corrupt Organizations Act -- a criminal law more commonly applied to Mafia cases than global bank probes.RICO allows for prosecutors to charge multiple criminal acts involving a group of people in the same case as long as they were part of the same enterprise. The Justice Department said the conspiracy on the JPMorgan metals desk ran from March 2008 to August 2016. The two former metals traders for the bank who have pleaded guilty to fraud charges are cooperating with authorities.The highest-level individual charged is Michael Nowak, a veteran gold trader who remained active as the global head of JPMorgan's precious metals desk until he was indicted under seal in August 2019 along with two others. A former JPMorgan salesman who worked with hedge fund clients was later added to the case.In 2015, JPMorgan pleaded guilty to felony antitrust charges along with several other global banks that paid penalties and admitted to conspiring to rig the price of U.S. dollars and euros. The bank agreed to pay $550 million, but it and other global lenders in the accord felt little lasting hit from markets or customers, undercutting investor fears that a guilty plea would devastate their business.Shortly after Nowak and other traders were charged under RICO, JPMorgan learned it was the focus of a separate but related criminal investigation into trading of Treasury securities and futures, according to a person familiar with the matter.(Updates with estimated losses and other details from Justice Department settlement)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Margarita Louis-Dreyfus took another hefty dividend from the eponymous agricultural-commodity trading house she controls, as the billionaire continues to squeeze the business for cash.During the first six months of the year, Louis Dreyfus Co. paid a dividend of $302 million. The payout related to last year's profit, the sale of several assets in Canada and its former metals-trading business, according to the company's interim financial statement. The dividend reduced the company's equity to $4.48 billion at the end of June, down from $4.79 billion six months earlier.Louis-Dreyfus, who controls more than 96% of the holding company that owns LDC, has been taking big dividends over the past few years to help repay about $1 billion she borrowed to buy out other family members. The payouts, often surpassing the trading house's profit, have steadily reduced the company's value.The billionaire owner has been in talks to sell a minority stake in the company, recently holding negotiations with Abu Dhabi sovereign wealth fund ADQ. A successful deal would give the trading house an injection of much-needed cash.On top of its owner's troubles, the company has struggled over recent years, amid frequent management changes and declining earnings. Veteran Michael Gelchie will become chief executive officer later this week -- the seventh CEO appointed by Dreyfus in eight years -- replacing Ian McIntosh.Despite its recent travails, the first half of 2020 showed some improvement for LDC. Net income climbed 77% to $126 million from a year earlier, despite significant losses from the collapse of Luckin Coffee Inc. Net sales decreased to $16.3 billion, as both prices and volumes shipped fell year-on-year."The results reported today put LDC in a strong position from which to advance its ambitious growth plans," said Gelchie.Net debt fell to $6.7 billion at the end of June, from $6.9 billion at the end of 2019, reducing its adjusted leverage ratio to 2.8 times.Dreyfus is the D in the vaunted "ABCD" group that dominates the world of agricultural commodities trading. The others are Archer-Daniels-Midland Co., Bunge Ltd. and Cargill Inc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Despite the recent volatility, many names in the semiconductor sector have mounted outsized gains since the historic March lows. But not memory giant Micron (MU). Weighed down by macro elements which have resulted in a lack of demand and the loss of a major source of revenue due to the ban on Huawei, MU shares are still in the red for 2020. Micron will have an opportunity to reverse course when the company releases F4Q earnings after the market closes today. The company has already pointed out what to look out for in a recent business update. Most concerning for investors were projections for the next (November) quarter. Slowing demand and customers' excess inventory have led Micron to lower revenue forecasts. Wall Street followed by lowering estimates, too.While Raymond James analyst Chris Caso admits to being "late in cutting numbers," the analyst has also now reduced November expectations to consensus levels "to reflect what's now widely expected to be a tough price environment through year-end."Caso, therefore, reduced his FY21 nonGAAP EPS estimate from $4.92 to $4.20 and lowered the revenue forecast from $24.762 billion to $23.642 billion.The 5-star analyst expects the tough economic conditions to continue, and in contrast to expectations of a 2021 rebound in spending, he does not see "a rational expectation why memory suppliers would substantially ramp spending given COVID-19/macro and Huawei uncertainty."Where Micron is concerned, Caso argues should prices decline further, the share price could drop to $40 (currently at $51). However, he also points out "macro conditions would have to substantially worsen to put such a scenario on the table." On the other hand, a recovery scenario could result in the price climbing to near $70, meaning "the risk/reward is favorable, and we would be buyers on weakness."Expounding on this, Caro said, "While we are adjusting our near-term expectations to reflect a likely challenging pricing environment, the most important factor that drives our constructive view into 2021 is a capex outlook for the industry that remains constrained, and guidance for lower capex at MU for 2H20. As a result, we believe the supply shortages that had been expected in 2H20 will likely materialize in 2021, which would drive numbers higher with a favorable risk/reward next year."All in all, Caso sticks to a Strong Buy rating and $65 price target, which implies a healthy 31% upside from current levels. (To watch Caso's track record, click here)Caso's expectations are roughly aligned with those of his colleagues. Based on 17 Buys, 5 Holds and 1 Sell, the stock has a Moderate Buy consensus rating. The analysts expect shares to climb by 24% over the next 12 months, given the $63.45 average price target. (See Micron stock analysis on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a newly launched tool that unites all of TipRanks' equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
According to the company's website, the vehicle is the first to offer "true four wheel drive" using four in-wheel hub motors to significantly improve the truck's control. The Endurance also has the fewest moving parts of any motor vehicle, resulting in fewer maintenance costs and a significantly lower total cost of ownership than traditional commercial vehicles.
When it comes to the market's wild swings, is the glass half empty or half full? Oppenheimer's chief investment strategist John Stoltzfus is taking the latter view.Despite the volatility that has ruled the market over the last few weeks, Stoltzfus actually likes what he's witnessing in both the market and the economy. In particular, he points to U.S. companies that have been outperforming most other markets around the world as exciting plays, with the innovation in the U.S. reflecting a key component of his bullish thesis."The U.S. is outperforming most of the markets around the world — whether it's developed markets or emerging markets... We've taken out the froth that had come into the market in certain [mega cap] names. It may be a good opportunity to pick up some really good, high quality growth stories that are on sale right now," Stoltzfus noted.Additionally, the strategist believes the S&P 500 could climb back to its September 2 high point, based on improving economic data. The approval of a COVID-19 vaccine as well as an election outcome that is "friendly to the domestic economy, business, job growth and the taxpayer" could also push the index higher.Turning Stoltzfus' outlook into tangible recommendations, Oppenheimer analysts are pounding the table on two stocks, with these pros seeing over 100% upside potential in store. Running the tickers through TipRanks' database, we wanted to find out exactly what makes them so compelling.Brickell Biotech (BBI)Focused on the development of innovative and differentiated therapeutics for the treatment of skin diseases, Brickell Biotech wants to improve the lives of patients everywhere. Given the potential of the company's lead candidate and its $0.82 share price, Oppenheimer thinks that now is the time to pull the trigger.Sofpironium bromide (SB), a prescription treatment for axillary hyperhidrosis (AH, or excessive underarm sweating), is entering U.S. Phase 3 trials. This program will consist of two identical six-week studies, and will evaluate its ability to improve the condition per the objective (gravimetric sweat production) and subjective (HDSM-Ax) co-primary endpoints. Each is expected to last 12 months, and the first will kick off next quarter.Roughly 10 million people in the U.S. suffer from AH, with this condition interfering with daily social and professional activities. Currently, only 2.3 million receive prescription treatment, and some resort to invasive or permanent interventions like Botox, MiraDry or surgery.Oppenheimer's Leland Gershell argues that more conservative approaches could be used to meet these medical needs. He also believes the recent entry of Eli Lilly's competing product, Qbrexza, represents a significant step forward. That said, there's "room for improvement" with this anti-cholinergic approach.Looking at a U.S. Phase 2b trial, the highest dose of BBI's SB gel (15%) demonstrated 46% greater sweat reduction per gravimetric analysis compared to the placebo, with significant reductions in a validated patient-reported outcome instrument seen at all doses. Based on the trial data, efficacy is over 50% better than Qbrexza per label, despite higher baseline severity. In addition, their safety profiles were relatively similar.It should be noted that BBI will market the drug to U.S. dermatologists through a specialty salesforce of 120 representatives. According to Gershell's estimates, uptake by 110,000 patients per year (just 5% of the currently treated AH population) translates to $200 million in gross sales. The analyst adds that patent issuance could extend market exclusivity to 2040.Adding to the good news, on September 25, BBI announced that Kaken Pharmaceutical, its development partner, got the green light to manufacture SB in Japan for the treatment of AH. Japan is the first country to approve the candidate, with the launch expected later this year.To sum it all up, Gershell stated, "By virtue of its efficacy, tolerability, and antiperspirant-like application, we believe SB offers an attractive profile in a market that offers much room for improved solutions. We encourage risk-tolerant investors to build a position ahead of upcoming newsflow."To this end, Gershell rates BBI an Outperform (i.e. Buy) along with a $5 price target. This target conveys the analyst's confidence in BBI's ability to surge 502% from current levels. (To watch Gershell's track record, click here)Looking at the consensus breakdown, 2 Buys and no Holds or Sells have been published in the last three months. As a result, BBI gets a Moderate Buy consensus rating. The $5 average price target is identical to Gershell's. (See BBI stock analysis on TipRanks)Aldeyra Therapeutics (ALDX)As for Oppenheimer's other pick, Aldeyra Therapeutics works to bring new treatment options for immune-related diseases to market. Based on the solid progress of its pipeline, the firm has high hopes for this healthcare name.Representing Oppenheimer, analyst Justin Kim points out that he came away from a recent conversation with the CEO even more confident in ALDX's long-term growth prospects. Pivotal studies on reactive aldehyde species (RASP) are slated for Q4 2020, evaluating the action of reproxalap, Aldeyra's lead therapy designed to clamp down on overactive inflammation, on tear levels of RASP over a period ranging from 1-2 days to 28 days. "Based on Phase 2a results, we are confident in the ability to replicate results in Q4 2020," Kim stated.Given the potential of dry eye disease (DED) in the near-term, the analyst expects significant investor focus to land on clinical trial execution (Phase 3 RASP studies and safety study), which would support a potential NDA filing by the end of 2021, in Kim's opinion. "Despite some volatility in the shares, we see a solid setup emerging as the company initiates its Phase 3 RASP studies in dry eye disease (DED)," he said.Speaking to the potential of RASP as an accepted dry eye endpoint, ALDX has experienced "a watershed moment," with it facilitating an expedited path to registration (from traditional sign endpoints) and greater likelihood of clinical trial success, based on reproxalap's mechanism of action (MoA) as a RASP-trap, according to Kim.He added, "Moreover, agreement on RASP could have broader implications for a commercial launch in dry eye, a market that we believe will see segmentation as more therapies with targeted MoAs become incorporated into the armamentarium.""We continue to be impressed by the progress in achieving a potential concurrent filing for dry eye and allergic conjunctivitis (AC), appreciating the importance of a differentiated dry eye agent with action also in AC. As the dry eye therapeutic landscape increases its options, we expect greater segmentation of the heterogeneous patient population potentially beginning with reproxalap's positioning in 'allergic dry eye'," the analyst concluded. For the rest of 2020, focus is likely to stay on Phase 3 study designs (assay work/development), execution and the potential readout in DED, which could set the stage for a commercial launch in DED and AC in 2022.If that wasn't enough, based on the broader pipeline of candidates targeting PVR, inflammatory conditions and COVID-19, Kim sees "a rich environment of catalysts for the shares over the coming 12-18 months."It should come as no surprise, then, that Kim stayed with the bulls. To this end, he kept an Outperform rating and $15 price target on the stock. Investors could be pocketing a gain of 110%, should this target be met in the twelve months ahead. (To watch Kim's track record, click here)What does the rest of the Street have to say? Only Buy ratings, 2 to be exact, have been issued in the last three months. So, the consensus rating is a Moderate Buy. In addition, the $23.50 average price target suggests 227% upside potential from current levels. (See ALDX stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a newly launched tool that unites all of TipRanks' equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
On CNBC's "Fast Money," Tim Seymour said that AT&T Inc. (NYSE: T) has been a real underperformer in the post-COVID-19 rally. He has a long position in the name and he would stay long because of its high dividend yield.Mike Khouw would be a buyer of AT&T because the dividend has proven to be covered. He owns the stock and he thinks that it is currently at a price level where the risk-reward is a lot more favorable.Guy Adami thinks that Coca-Cola Co (NYSE: KO) could rally to $49. He would stay with the stock.Khouw said that Coca-Cola is not a growth stock, but it is probably a safe one. He thinks that the stock has been reasonably constructive and its dividend is supportive.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 'Fast Money' Traders Weigh In On Verizon And NetApp * 'Fast Money' Traders Give Their Opinion On AT&T(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium Ltd.'s top executive."The industry's going to have some challenges as higher purity lithium compounds are required -- they're going to have to reinvent themselves," Standard Lithium Chief Executive Officer Robert Mintak said in a phone interview. "We're not going to be saddled with 20-year-old processes and refining capabilities."The soft silvery-white metal is a vital ingredient in rechargeable batteries of electric vehicles, including those made by Tesla Inc., and Mintak sees both challenges and supply shortages unless lithium producers turn to more unconventional methods to fulfill demand. Standard Lithium is already embracing new ways to recover lithium.The Vancouver-based company opened its first direct lithium extraction plant in El Dorado, Arkansas this month, with the facility using a new technology that allows for a 90% lithium recovery rate. That compares to a typical recovery rate of 40% to 60% for the industry, Mintak, 57, said.Companies operating in South America have become the world's lowest-cost producers by using a method of pumping briny mud from underneath Andean salt flats and letting it evaporate, though the process results in much lower recovery rates and uses as much water as a standard copper operation, according to BloombergNEF.Lithium prices almost tripled between mid-2015 and mid-2018 as the world's fleet of electric vehicles hit 5 million and the auto industry began to fret over the supply of raw materials. A glut of the metal in the past two years has caused prices to plunge by more than 50%, though Mintak expects the lithium market will face supply shortages by 2025.Lithium has been getting more attention since Tesla CEO Elon Musk made a series of announcements at the company's first Battery Day event on Sept. 22. The automaker plans to vertically integrate its lithium supply by using a novel technology to mine the metal through clay deposits. Musk said Tesla obtained the rights to a lithium clay deposit in Nevada, adding that the U.S. state has enough of the metal to electrify the entire U.S. fleet. Tesla is also working to improve its battery technology to potentially reduce lithium use.Lithium stocks plunged the day after Musk's announcement, with leading producer Albemarle Corp. posting its greatest decline and Standard Lithium's shares dropping 17% over two days. Still, Mintak doesn't see Tesla's plans as a threat to the lithium industry."There has to be a price that makes it attractive to build a project," he said. "You're not going to have companies selling compounds if they're not going to make any money."A global push for EV adoption, helped by government subsidies and incentives, means that demand for lithium is not going away. Companies like Volkswagen, Ford, Mercedes and Amazon having started shifting their focus to electric vehicles. Mintak expects the European market will take off and fuel a "sweet spot" for demand in 2022 and 2023."Every carmaker is getting into it," Mintak said. "Many of them aren't even on the road yet, so the demand is going to go up."For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Space, the final frontier. Throughout history, the expanse that exists beyond Earth has captivated people all over the world, with space exploration continuing to take giant leaps forward since Apollo 11 first landed on the moon.Now, outer space has peaked Wall Street's interest. Given the high levels of private funding and advances in technology, the pros argue there could be major implications should space become more accessible and less expensive to reach. To this end, new markets such as satellite broadband, high-speed product delivery, reusable rockets and human space travel are emerging.Speaking to the potential opportunity, according to a recent KPMG report, by 2030, the global space industry could reach $600 billion, with it currently worth $350 billion. Bearing this in mind, we used TipRanks' database to zero in on two space stocks reaching for the stars, so says the Street. Boasting the analyst community's full support, both tickers have received a "Strong Buy" consensus rating. Virgin Galactic Holdings (SPCE)By offering high-speed point-to-point travel, Virgin Galactic wants to commercialize space travel and revolutionize commercial flight. Given the significant backlog of demand for commercial spaceflight, several members of the Street have high hopes for this space stock.Representing Cowen, analyst Oliver Chen sees SPCE as "uniquely positioned to benefit from the growing consumer interest toward luxury experiences, especially among high-net-worth individuals." He added, "We believe a substantial growth opportunity lies ahead with the commercial spaceflight business, which already has ~600 reservations, and the development of high-speed point-to-point travel."Looking at the market opportunity, Chen estimates that this part of the business could push SPCE's top-line to $1 billion-plus by 2030, growing at a 60%-plus CAGR (2021-2030), with an EBITDA margin of 46%. According to the analyst, there's a total addressable market (TAM) for commercial spaceflight (suborbital) of roughly 2.4 million individuals with a net worth of $5 million-plus globally.On top of this, SPCE could use its technology to develop additional revenue streams such as high-speed P2P commercial air travel. The development of hypersonic aircrafts would make 85% of the global network pairs accessible in a one-day trip. In addition, the analyst thinks the high-speed P2P opportunity could yield a TAM of $985 billion by 2050, and SPCE's market share could clock in at 20%. "P2P is in very early innings but we believe the company has the resources, capital, and experience to pursue this business line," Chen noted.Given that the company's leadership team brings expertise from NASA and Disney to the table, Chen argues SPCE is capable of capitalizing on the opportunity, with solid execution potentially solidifying its status as an experiential luxury brand.The positioning of its commercial space flight offering as a luxury airline experience, which is what consumers are more used to, is likely to give SPCE the first-mover advantage over others like Blue Origin. "Given the high fixed cost of operating a space tourism operation, first-mover advantage looks critical to success; and VG appears better positioned than BO to get it," Chen mentioned.What else could give SPCE the first-mover advantage? Chen points to SPCE's 10-plus years of technology developed with $1 billion of investment made to-date and the vertically integrated aerospace development capabilities. What's more, SPCE has "created competitive moats in a high-barrier-to-entry industry and benefits from strong consumer demand, which should support a premium pricing structure."Based on all of the above, Chen puts an Outperform (i.e. Buy) rating and $22 price target on the stock. (To watch Chen's track record, click here)Are other analysts in agreement? They are. Only Buy ratings, 7 to be exact, have been issued in the last three months. Therefore, the message is clear: SPCE is a Strong Buy. With a $25.43 average price target, shares could rise 22% in the next year. (See Virgin Galactic stock analysis on TipRanks)Aerojet Rocketdyne Holdings (AJRD)Serving customers that include the U.S. Department of Defense (DoD), NASA and other agencies and companies, Aerojet Rocketdyne develops and manufactures advanced propulsion and energetics systems. Given its recent contract awards, multiple analysts believe this company's long-term growth prospects are strong.5-star analyst Ken Herbert, of Canaccord Genuity, recently met with AJRD's new CFO, coming away from the discussion with his bullish thesis very much intact. The company expects the space business, which makes up 40% of sales, to be flat to up slightly, due to the recent SLS RS-25 engine order, with the core defense business (60% of sales) set to see steady growth."While near-term margin upside is limited, we believe the revenue visibility, strong balance sheet and incremental opportunities in both space and defense contribute to a scarcity value for AJRD not reflected in the stock," Herbert commented.That said, new programs are an essential piece of the puzzle here. Earlier in September, AJRD announced that it will build two elements of the new ground based strategic deterrent (GBSD) nuclear missiles for Northrop Grumman, which received a $13.3 billion, 8.5-year EMD contract to initiate early production of the "Minuteman IV" platform. AJRD is responsible for manufacturing a large solid rocket motor for the missile's upper stage and the post-boost propulsion system needed to guide the nuclear warheads to their targets through apogee (the highest point of their parabolic flight arc). Weighing in on the deal, Herbert commented, "The program is expected to be substantial to both Aerojet and Northrop, with 400 active and 242 spare ICBMs expected to occupy the existing launch sites in the American West. It has been estimated that the GBSD program will be worth $63 billion during its first 20 years of life, which is likely to be extended given the longevity of the current Minuteman III deterrent."Adding to the good news, AJRD's backlog has increased to a record high of $6.8 billion as of Q2 2020, a 48% gain from the prior-year quarter. According to Herbert, a key driver of this growth has been the $1.8 billion NASA contract to construct 18 new RS-25 engines to support at least five additional Artemis lunar missions beyond the three currently planned. "As such, visibility into Aerojet's business with NASA continues to look promising through 2030. Aerojet has also continued to see backlog growth on THAAD, hypersonics, Standard Missile and GMLRS," the analyst stated. If that wasn't enough, Herbert believes missile defense and classified hypersonics programs are likely to see solid backlog growth in the near-term.On top of this, in August, the U.S. Air Force awarded two contracts for the National Security Space Launch (NSSL) program to ULA (a Boeing and Lockheed joint venture) and SpaceX. The implication? "Aerojet Rocketdyne is seen as a winner of the contact outcome, which ensured that the company will continue to provide content on a majority of U.S. military and intelligence launches. AJRD will see its upper stage engine content double on the new ULA Vulcan rocket under this contract, which utilizes a new Centaur upper stage (the Centaur V) powered by two RL10 engines, as opposed to one RL10 on the legacy Atlas V rocket," Herbert explained.Everything that AJRD has going for it convinced Herbert to reiterate his Buy rating. Along with the call, he maintained a $54 price target, suggesting 34% upside potential. (To watch Herbert's track record, click here)All in all, other analysts are on the same page. AJRD's Strong Buy consensus rating breaks down into 3 Buys and no Holds or Sells. Meanwhile, the $56 average price target brings the upside potential to 39%. (See AJRD stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a newly launched tool that unites all of TipRanks' equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Tesla is likely to report third-quarter vehicle deliveries in the first several days of October, with Elon Musk gunning for a new record that will likely have a big impact on Tesla stock.
For some, Tesla Inc's (NASDAQ: TSLA) battery day was a letdown: the technology sounded great, but it's still several years away, and Tesla did not have an onstage demo. Now CEO Musk has said in a tweet that the new 4680 cells have been used in prototype vehicles for months.While the vehicle models are unknown, a safe guess would be the Plaid Model S demonstrated on-screen at the event. > Suppliers. We're only doing high energy nickel ourselves, at least for now. Also, maybe the presentation wasn't clear that we've actually had our cells in packs driving cars for several months. Prototypes are trivial, volume production is hard.> > -- Elon Musk (@elonmusk) September 26, 2020Benzinga's Take: This is great news. The fact that Tesla has been using the batteries for months mean they work well enough for Tesla to feel confident in sharing that they are coming.The last concern would be longevity, but there are laboratory testing methods to speed up battery degradation to find an estimated battery lifespan. Photo from Tesla Battery Day presentation.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Tesla Looking To Acquire Stake In LG Battery Business: Report * How Catherine Wood's Diverse Ark Investment Team Is Paying Huge Dividends(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
President Trump reportedly paid no taxes some years. See how to cut your own tax bill.
With technological innovations accelerating, there have been many players emerging -- developing new products for ease of use, storage and efficiency. Two companies in particular, Nvidia Corp. (ticker: NVDA) and Advanced Micro Devices ( AMD), have ascended to the limelight for their unique capabilities and proprietary products. Nvidia has laid the groundwork for graphics processing unit-accelerated computing, a system used in engineering applications driven by the growth in the gaming market's demand for 3D graphics.
(Bloomberg) -- Billionaire Peter Thiel was a no-show at the investor day leading up to the direct listing for Palantir Technologies Inc., the data-mining company he founded 17 years ago. And no one from the company will ring the bell at Palantir's market debut.Thiel's absence from the Wall Street pomp belies the outsize influence he'll continue to wield long after the company goes public. Thiel will have more control over the company than any other individual or investor group, and an unconventional voting structure will award additional power to Thiel and two other co-founders in perpetuity.Palantir isn't the first company in Silicon Valley to use super-voting shares to cement control for its founders. Other tech leaders including Mark Zuckerberg, Snap Inc. Chief Executive Officer Evan Spiegel and WeWork CEO Adam Neumann were all given disproportionate control over their companies as they headed to the public markets. But good-governance advocates say that handing so much power to a limited group of people could undermine the standards of accountability meant to be enforced by the market, making it harder for smaller shareholders to exert their will in cases where they believe a company is being poorly run."They set it up so Peter Thiel can still sort of run it like a private company and still have the advantage of being public," said Michael Weisbach, a professor at Ohio State University's Fisher College of Business who specializes in corporate governance and private equity. "They obviously want to keep control of this company and don't want a bunch of outsiders."Palantir has been unapologetic about its governance mechanics. Its CEO, co-founder Alex Karp, has repeatedly told would-be backers to pick a "different company" if they don't like the way it operates.Few expect Palantir's voting mechanics to derail the company's planned public listing. This year, Palantir expects to take in more than $1 billion in revenue and, for the first time, turn an adjusted profit, excluding stock compensation. While Weisbach said that its valuation would have been higher without the tightly controlled governance and voting structure, there are optimistic signs about how public investors will receive the company. Banks have reportedly told investors that Palantir could start trading at a market valuation of almost $22 billion. Representatives for Thiel and Palantir declined to comment for this story.Palantir's technology collects and combines ever-changing data streams into what it calls a single "source of truth," which its clients can then mine for meaning and use to make decisions. Applications vary widely based on the customer. Merck KGaA uses Palantir's software to speed drug discovery. United Airlines Holding Inc. uses it to optimize flight routes. And the U.S. government uses it for tasks including identifying roadside bombs in Afghanistan, catching tax cheats and, more controversially, locating people who entered the U.S. illegally for deportation.Longtime Palantir investor Eric Munson of Adit Ventures said that the company's aggressive voting structure is necessary to ensure Palantir can continue to operate without influence from outside parties who disagree with its business. Some of the company's work is politically sensitive, he added, and its voting structure will mean that the founders can pick and choose clients whose interests align with those of the U.S., regardless of investor pressure. "I like that there's no ambiguity where the leadership stands," Munson said. That reasoning has limited purchase with groups like Institutional Shareholder Services, a proxy advisory firm. "The problem is power without accountability," said Marc Goldstein, the group's head of U.S research. Goldstein cited Mark Zuckerberg's control over Facebook as a textbook example of too much control accruing to one man. As a long-serving board member of Facebook, Thiel knows that structure well."Palantir is talking about how different they are from Silicon Valley, and yet they are taking on the absolutely worst aspect of Silicon Valley with this," Goldstein said. Palantir has always been tightly held. It has only recently started adding independent board members, and even the independent directors have close links to Thiel, the board chairman. This summer, Palantir appointed three new directors, including 8VC partner Alexander Moore, who was an early Palantir employee, and former journalist Alexandra Wolfe Schiff, who wrote a book called "Valley of the Gods" that was largely about Thiel. Palantir has said it would comply with Securities and Exchange Commission rules that it have a majority of independent directors within one year of going public. Currently, the company says three of its six current board members are independent.Even when it does add more directors, though, power will remain concentrated in the hands of a few people. According to Palantir's SEC filing, three of the company's founders—Thiel, Stephen Cohen and Karp—will receive Class F shares entitling them to 49.99% of the company's voting power, control that will not be directly tied to the number of other shares they own. The structure is highly unusual but not without precedent, according to Weisbach, who said the Ford family set up a similar system more than 60 years ago at Ford Motor Co. That company also established that a percentage of the vote would remain with the family regardless of its financial stake in the company. Even without a mechanism to hand more voting control to the founders, Thiel would still wield substantial influence at Palantir. As the largest investor in the company, he will own 29.8% of all Class B shares, which give the holder 10 votes per share. Thiel owns more Class B shares than any other individual or entity, including Founders Fund, the venture firm Thiel founded. That group, where he still serves as a partner, holds the next highest amount at 12.7%.Thiel also has a stake in several of the entities that have invested in Palantir. Besides his involvement with Founders Fund, Thiel is an investor in funds managed by venture capital firm 8VC and in the merchant bank Disruptive Technology Advisers, which oversees Palantir backer Disruptive Technology Solutions, according to people familiar with the matter who asked not to be identified discussing private information. Henry Hofman, a corporate governance researcher at Morningstar corporate ratings firm Sustainalytics, said the net result was another unfortunate example of Silicon Valley founders grasping for too much control. "Anything that strays away from the one-vote, one-share structure, we see that negatively," he said. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Despite an ongoing pandemic and the U.S. economy barely limping along, the Nasdaq is still trading more than 50% above its March lows. The surge in tech stocks in 2020 has understandably led investors to draw comparisons to the dot-com bubble in 2000.The Nasdaq ultimately peaked at 5,048.62 on March 10, 2000. Of course, some dot-com bubble stocks have performed much better than others in the 20 years since the bubble burst.Oracle's Past 20 Years: Without a doubt, cloud services stock Oracle Corporation (NYSE: ORCL) had major difficulty returning to its dot-com bubble levels.Oracle went public back in 1986, about 15 years before the dot-com bubble peak. In the 1980s, Oracle's business flourished thanks to co-founder Larry Ellison and the company's database programs that helped bridge the gap between legacy mainframe computers and the booming PC industry. Oracle IPO investors likely never could have foreseen the rise of the internet, smartphones, cloud computing and many of the other tailwinds that have driven Oracle's business in the past 20 years.However, in 1990, Oracle narrowly avoided bankruptcy after the company reported huge losses, laid off nearly half of its workforce and issued corrections to financial filings that had overstated revenues.Dot-Com Bubble Fallout: Oracle's high watermark of the dot-com bubble was a split-adjusted $40.10 back in 2000. In March 2000, Oracle's market cap stood at $245 billion. When the bubble burst, Oracle shares tanked, dropping 59.8% in the year following the Nasdaq top compared to a 59.3% overall decline for the index. Unfortunately, Oracle shares continued to struggle for several more years.Oracle's share price hit $6.26 in early 2002 before rebounding to a pre-financial crisis high of $20.38 in late 2008. During the sell-off in 2009, Oracle shares dropped as low as $11.91. By late 2009, Oracle made it back above $20. In early 2011, Oracle pushed through the $30 level for the first time since 2001.Oracle eventually made it back to its dot-com bubble peak in late 2014, a round-trip journey that took roughly 14 years. In the six years since, the bullish momentum has carried Oracle shares as high as $62.60 this year.Oracle will forever be known as one of the quintessential dot-com bubble stocks given its market cap exceeded a quarter of a trillion dollars. The good news for Oracle investors who bought at the height of the bubble is that the stock eventually helped investors turn a profit overall over the past two decades.In fact, $1,000 invested in Oracle stock at the dot-com bubble peak would be worth about $1,703 today, assuming reinvested dividends.Related Links:Here's How Much Investing ,000 In Intel At Dot-Com Bubble Peak Would Be Worth TodayHere's How Much Investing ,000 In Oracle Stock In 2010 Would Be Worth TodaySee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Here's How Much Investing ,000 In Oracle Stock In 2010 Would Be Worth Today * Why Trump's TikTok Ban Could Be 'Fort Sumter Moment' In Cold Tech War Between US, China(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


text:
2018 was 'the year of privacy', raising questions across the globe about the security of sensitive information. With the rate of cyber security incidents increasing by a staggering 33% each year, it's an ever-pressing issue for Australian businesses. So, what are the key cyber security threats to consider in 2019, and how can your team be empowered to respond effectively?
Of most concern in 2018 was the widely publicised Facebook-Cambridge Analytica data scandal, where Facebook users' personal data was collected and used for political campaigns. Immediately following the privacy breaches, Facebook's market value decreased by over $119 billion, and users' trust in the platform hit an all-time low. If the Cambridge Analytica scandal taught us anything, it's that a strong cyber security strategy is key to overall business performance.
However, an organisation's defences are only as strong as its employees. An inclusive learning program is crucial to building capability and ensuring that each member of your team can understand and respond to cyber security threats. Knowing where exactly these threats come from will help to form your company's overall cyber security strategy.
Types of Cyber Criminals
According to the Federal Government, the main perpetrators of cybercrime in Australian business can be split into four groups:
With these groups in mind, let's take a look at the main cyber security issues for organisations in 2019.
Current Cyber Security Threats to Australian Businesses
1. Cloud Vulnerabilities
Australian businesses are expected to spend $5.6 billion on cloud storage this year, a 20% increase from 2018. As a result of this growth, cloud services will become popular targets for cyber attacks due to their storage of passwords and customer information. A common misconception is that cloud security measures are implemented solely by the service provider, so creating a strong security culture within your organisation is essential.
2. The Internet of Things
A growing phenomenon, the 'IoT' refers to the internet connectivity of ordinary objects. Think smart appliances, wearable devices, surveillance technology and self-regulated lighting, all joining to form a complex system of data transmission. The internet connectivity of these devices (often lacking in safety features) makes them vulnerable to network intrusions by providing new access points for hackers. 87% of all Australian and New Zealand businesses last year were using IoT technology in some area of their operations, a figure expected to increase throughout 2019.
3. Phishing
One of the most common tools in cyber attacks, phishing remains a key cyber security issue for Australian businesses. Just last year, scammers distributed an email linking recipients to a cloned myGov website, where they were then asked to enter their banking details. The popularity of these deception-based attacks comes from the ease at which they can be executed, so be sure to make phishing simulation training a part of your overall cyber security strategy.
4. 'Fake News'
The number-one buzzword over the past two years, 'fake news' in cybercrime poses potential risks to an organisation's ongoing success. For example, bot accounts across social media and the internet may be used to spread false, malicious information to damage the public image of your business. According to McAfee, one particular bot account amassed over 1,000 followers within a month by harassing an organisation over Twitter. Though less likely than the other issues listed here, the potential of such an attack shouldn't be overlooked.
5. Coordinated Cyber Attacks
Perhaps most dangerous of the five cyber security threats is a growth in the agile and collaborative nature of cybercrime throughout 2019. Cybercriminals are increasingly acting as part of 'malware-as-a-service families', forming alliances to grow their influence and maximise global efficiency. Changes have occurred not just in the who of cybercrime, but also the how. Cyber attacks now involve a combination of tactics, such as phishing, ransomware and the use of artificial intelligence. The coordinated nature of these activities means they rarely fall within one particular category, making detection and recovery even more difficult.
Build your Cyber Security Strategy
Although it's impossible to eliminate these risks completely, there are several measures you can take to best protect your business.
The nature of cybercrime itself is changing constantly, so it's important to make cyber security an ongoing consideration. Be sure to update your cyber security policy regularly, keeping your staff supported and informed at every stage. By doing so, you'll create a strong security culture and make data protection the responsibility of every employee.
Remember that cyber security threats bring serious business risks, not just IT problems!
This post was authored by Erica Dearn and originally published to www.savv-e.com.au.
Views: 97
Add a Comment

subset: commoncrawl


text:
Step 1: Analyze
We do an in-depth analysis of your website, current rankings, competition and keywords based on the information you provide in your Discovery Form.
Ditch the Generalists. Work with Specialists. Avg Client ROI 340%
We do an in-depth analysis of your website, current rankings, competition and keywords based on the information you provide in your Discovery Form.
We make a FREE VIDEO and show you what it is going to take to get you to the top in your industry and what the anticipated ROI would be.
Once keywords are agreed, we begin the campaign to get you ranking and dominating your industry!
Everything we do for your business has one purpose: bringing targeted traffic to your website. In other words, people who are actively looking for your product or service.
We have page 1 rankings for difficult SEO keywords in major Australian cities. If we can outrank companies that do SEO for a living, image what we could do for you!
No outsourcing or mass link building that can put your business in danger. We use reliable and safe methods that are long-term and sustainable.
Pay for results. No binding 12-month Contracts. You will receive weekly reports that show progress and rankings.
Welcome to A.P. Web Solutions. If you are looking to get more clients from the Internet for your business, then you have come to the right place. Unlike most other Perth SEO Agencies, we do NOT outsource our work overseas.
Marketing is no longer what it used to be 10 years ago. Think about it. When was the last time you used Yellow Pages to find something you were looking for? And when was the last time you used Google? Newspaper ads are a thing of the past and are losing value more and more every day. People prefer the power to search for what they want at their fingertips. Their phone, their computer, tablets or any other device. If you cannot get your business on their screens when they need it, then you are losing revenue to your competitors who are. And this is exactly what an SEO service would help you with.
Our SEO consultants in Perth help your business with getting the edge over your competitors. Our rankings and results speak for themselves. We have been revenue-generating machines for our clients by using cutting edge strategies. Call and speak to our consultants to find out what we can do for you.
One of the benefits of hiring an SEO expert is that once you have achieved top rankings, maintenance costs are very low. Compare this to Adwords or social media advertising where you have to constantly invest your marketing dollars to keep the traffic flowing in. Studies show that only 10% of people searching on the Internet click on Ads. We believe in getting free organic traffic to our clients AKA targeted traffic and people who are actually looking for your product or service.
If you have never invested in search engine marketing before and are hesitating to dive in, we fully understand. This is why we guarantee first page rankings for any business we choose to work with. We believe our search engine optimisation Perth to be the best marketing opportunity for local businesses and would love to work together with you to take your business to next level.
Don't fall for the "SEO packages" trap! Fair pricing in SEO depends on several variables such as current ranking positions, level of competition and search volume of keywords. Once we have all the required information, we can conduct an audit and provide a customised quote for your project.
We do not have the "churn & burn" culture that many agencies do. We have enough confidence in our ability to deliver rankings, results & excellent service, that we do not ask our clients to sign binding contracts. We have an open month-to-month agreement. Retaining our clients and building a long-term working relationship with them is a core part of our values.
We send regular ranking reports. We also send comprehensive and detailed website performance reports every month. Data is free but insights are key! Our reports include detailed commentary on your project. We also conduct monthly meetings to discuss your campaign and tweak where necessary. The more communication there is during your campaign, the better it will perform!
No. We believe in being specialists, not generalists. We specialise in Search Engine Marketing, which includes SEO, PPC (Google Ads), Display Ads & Video (YouTube Ads). We have a network of reliable specialists who we can connect you with if you require other digital marketing services.
We have been working with A.P. Web Solutions for a few years now. Before we started, we couldn't get any higher than page three on google. We very quickly moved to page one and these days are consistently in the top three listings. If you want more people seeing your website, I would definitely recommend A.P. Web Solutions for your SEO.Daryl MaddernManaging Director - Astute Fitness
We have had excellent results from A.P. Web Solutions - we now rank in top 5 of Google for our main keywords and they deliver what is promised. A pleasure to deal with and we highly recommend A.P. Web Solutions.Bec McBrideOwner - Bec's BeeHive
We've had someone do my SEO for 7 years with zero results and now, A.P. Web Solutions is doing my SEO since last year. In this one year, my site which was not visible is now on the 1st page in google search. Very genuine and always available for help when needed. I am 100 % happy. I don't think anybody could have done a better job than what I am getting.Dr. Saurabh KadaliCosmetic Dentist - Kadali Dental


text:
Recently Skip at West Financial Group was given the opportunity to participate in something special as a way to give back to the community while also encouraging people to come out and experience an incredible, faith-based move called Faith, Hope & Love. This opportunity included Skip giving away 500 FREE tickets to The Villages premiere, with a special appearance by the director of the film, Robert Krantz. Krantz spoke about how and why he developed such a beautiful love story that was faith-based and did a phenomenal Q&A with the audience as well.
Faith, Hope & Love premiers in theaters on Friday, March 15. For more information, please visit: https://www.facebook.com/FaithHopeLoveMovie


text:
Mood Swings: Sweets can turn a bad mood. Whenever you are sad or unhappy, sweets can change your mood. It's true that the brain releases happy hormones, the more you eat sweets. The sad hormones and happy hormones produced by the human brain are reflected in individual behavior. An angry person if they eat candy until their hormones calm down, which secretes stress. That's why sweets are known to spread happiness in life.
Health Benefits: It is no secret that happiness is not the destination, it is a journey. Health is an important parameter that connects happiness to life. Desserts are somewhat adding value to health. It is burdened with calories. To maintain your blood sugar level, sweets are one of the best alternatives, which you can try but with the help of an expert or just instructions.
Give life to festivals: Celebrating festivals without sweets is not a joy. Be it Diwali, Holly or any other unfinished festival without sweets. Festivals are not only about lighting lamps, wearing new dresses, and jewelry, but also have some delicious desserts that complement the occasion.
It is not about festivals, but every new beginning in life should start with sweets. So on any happy occasion, we serve a can of sweets for the guest and family members to make them realize the true meaning of happiness. It's true that life revolves around sharing happy moments together. Sweets also help build strong bonds with each other. You can express your feelings towards others, by giving them a box of delicious sweets.
Ancestors have followed, so no one should miss the candy box when you first visit someone. This is how; people share their happiness with sweets to feel connected with each other. So, don't put off, buy delicious, high-quality sweets from the sweet store, to spread happiness everywhere.


text:
A couple of weeks ago, I visited our local Farmer's Market with my mother and my two youngest kids. Along with the fresh produce, bakery items, ice cream cones, kettle corn, petting zoo and other tempting treats – I happened across a vendor who was selling a small selection of nursery plants.
To be honest, what attracted me to her area wasn't the plants, but it was a vase of hollyhocks that she had displayed.
Now, I love hollyhocks. There is just something so beautiful about these old-fashioned flowers.
How about you? Where do you plant your hollyhocks?


text:
The $100,000 Myth
People seem to believe that $100K monthly revenue is the magic fundraising KPI for a Series A. Sometimes it's £100K or €100K, sometimes it's recurring revenue, sometimes it's gross merchandise volume. But it's always an even 100K. In any case, that's just wrong, please forget it.
An active VC in London for the past 3 years, I've backed 35 companies, and so-far, 12 of them have raised "up rounds" and many of the others are on-track to do so. I've been working with a lot of founders on fundraising, and talking to a lot of Series A VCs about what they do and don't want.
What's wrong with $100,000?
Now let me tell you why the $100K thing is bunk: I've seen a company with no customers or revenue raise from top tier international VCs on a $10M valuation. I've seen a company with around $50K in monthly revenue raise from a top-tier international VC with a valuation above $50M, and I've seen companies with $300K MRR struggle to pull a round together at all. Ask other VCs, they'll tell you the same thing. Series A investors are far too intelligent and selective to apply such a simple business rule.
So what are the Series A fundraising KPIs?
Let's look at it from the investor's perspective:
- What do Series A VCs want? They want to do investments that can "return the fund."
- Since a normal Series A check is £3M – £10M, and the funds are £50M – £200+M, that means, after dilution1, they need a 10X – 50X return.
- Since the average Series A valuation is around £30M, that means, assuming some dilution1 in later rounds, they need to believe your company can exit for a £500M – £2B valuation within the lifetime of their fund (e.g. the next 7-10 years).
A £1B+ exit in 7 years? How do you prove that?
It is, of course, impossible to prove. But these are the best signals – the things you should demonstrate with your traction as you begin your raise.
- Large & expanding market – The market exists and is underserved, as proven by other companies, but isn't too competitive or impenetrable.
KPIs You demonstrate this by showing that your customer base is growing quickly, that the growth is not slowing down, that you're getting a lot of referrals, CPAs are going down and that your targeting can be quite broad, but still effective. Show, with the diversity of your customer base, that your service's appeal jumps across national borders, industry/vertical sectors, age and demographic barriers. Back this up with a detailed bottoms-up sizing that shows you understand who you are selling to, what problem you're solving, and how you plan to reach them.
- Amazing Team – Your company could grow 100X in 10 years, you'll wake up and have 500 employees. Can you handle that as a leader?
KPIs This is quite subjective. One major "signal" for VCs is to look at your track record of past accomplishments, so highlight previous leadership roles, successes and failures. Also, once you get into due diligence, investors will do extensive interviews and background checks to see how you think about the business and scaling. And of course they will want to spend lots of time with your team to get to know you and see how you work together.
- Good Unit Economics at Scale – Venture businesses grow quickly and perform well because they have such high margins. High COGS are a direct drain on cash, and create operational hassle and limit your speed of growth. For specifics, see my post "What I Learned at PayPal." (Or check out the Sonos, FitBit and GoPro stock prices since their IPOs).
KPIs Gross margins, realistic estimates of what those margins will look like at scale (including "touch costs" and fully allocated CPA), and a realistic sense for how you will get to those margins as the business grows.
- Strong Product-Market-Fit – Evidence people love you!
KPIs How much of your traffic is via referral/word-of-mouth? Do your retention curves flatten? Do your accounts become more valuable over time (AKA "negative churn")? How quickly are you signing up new customers? VCs will also check this by speaking to your customers to make sure they are happy now, and their broader needs align with your roadmap.
- Competitive Moat – How does your business systematically lock out competitors? Do you have a strong network effect or an insurmountable first mover advantage? Exclusive access to some kind of resource or customer or supply acquisition channel? How wide is the gap and long will it last?
KPIs Again look at the acquisition dynamics, can you quickly and cheaply acquire, engage and retain customers? Do your customers bring you more customers?
- Downstream Appetite – Will your business need to raise more money? If so, how much and when? Is it the sort of business that Series B, C, D and E investors would want to back? Some markets, rightly or wrongly, are just "cold" to investors. (e.g. ecommerce, ad-tech).
KPIs Amount and growth of later-stage funding into your industry (in Europe or elsewhere), a thoughtful detailed plan that shows how much you will need to raise, when, and possible sources.
- Limited downside – Even though venture capital is famously "high risk," most VCs, especially in Europe, are looking to limit losses.
KPIs Recurring revenue stream from loyal customers, or very active M&A market for your tech and talent, rare & valuable intellectual property – anything that could provide a "floor."
So what about the $100,000? Does revenue matter at all?
That number is "helpful but not sufficient." It should get you investor meetings. Below that threshold, only the most extraordinary companies (e.g. founder's previous company was very successful) can pull together a big raise. And it provides a large enough data set to divine the more meaningful metrics above. However, that six-figure monthly revenue will go a lot further if you have:
- A high and consistent MoM growth rate
- Very high (e.g. SAAS or Marketplace) gross margins
- Recurring revenue, as in a subscription biz
- A founding team with a track record of success, and big bold goals
- A CEO who can connect the long-term goals with short-term objectives
- Very low CPAs driven by referrals, organic, network effects
- You have an obviously large and expanding market
- Every VC in-town wants into your cap table because of raging FOMO
Animal Spirits
Speaking of FOMO… that last point is important. Warren Buffett once said "The market is a voting machine in the short term, and a weighing machine in the long term." He means that in the short-term, investors' irrational emotions set prices, but over the long term, underlying business value drives returns. (And smart investors like him arbitrage the difference between the two).
Nowhere is that more true than venture. Seed rounds are all about the dream: Charismatic founders with vision; potential and possibility divined from early traction. But by the time you get to Series B, it's all KPIs: The calculators come out, and valuations must bear an obvious mathematical relationship to revenue, margins and growth. The Series A folks live in that awkward in-between stage, a weird mix of hype and traction, what could be and what is. As a founder hoping to raise, you ignore either at your peril.
Acknowledgements: Huge thanks to a few outside experts who reviewed and commented on this post, including Sean Seton-Rogers of PROfounders Capital, Ben Blume at Atomico, Katie Marrache from JamJar, and 500 Startups' Rob Neivert for the Silicon Valley perspective.
1 Dilution is when the value of an investor's equity is reduced as more equity is sold in subsequent fundraises. For a super-simple example: Suppose you own 10% of a company. The whole company is only worth $100, and your portion is worth $10. If that company then raises $100 from another investor, the company is now worth $200, but now you only own 5% of the company. So you could say your ownership has been "diluted" from 10% to 5%.


text:
Coffins Made With Brotherly Love Have Undertakers Throwing Dirt
COVINGTON, La.—Five years ago, Hurricane Katrina gave the Benedictine monks at St. Joseph Abbey a new calling.
After the storm pummeled much of a pine forest they had long relied on for timber and income, the monks hatched a fresh plan: They would hand-craft and sell caskets.
But now, local funeral directors are trying to put a lid on the...
To Read the Full Story


text:
Wed 04 January 2017
When world-class motorsport champions from Formula 1, NASCAR, IndyCar, Le Mans and action sports come to Miami on January 21 & 22 for Race Of Champions at Marlins Park, they will be staying at its official drivers & VIP hotel partner, EAST, Miami – Swire Hotels' lifestyle hotel & residences at Brickell City Centre.
EAST, Miami is Swire Hotels' first venture into North America, following the openings of EAST in Hong Kong and Beijing. Created for unconventional travelers looking for a fun and relaxing place to stay, EAST, Miami offers 352 guest rooms to include eight suites and 89 one, two and three-bedroom residences. EAST, Miami can accommodate business or leisure travelers as well as families for stays of one to 12 months – providing the comforts of home along with exclusive amenities of a world-class hotel, with access to Miami's hottest dining, nightlife, and shopping destinations. Guests of the hotel can expect keyless entry, paperless check-in and check-out, art exhibits, health and wellness programming and an array of other happenings to make them feel totally at EAST.
The lifestyle hotel also boasts a signature restaurant, Quinto La Huella, the urban reinvention of Uruguay's renowned beachfront Parador La Huella; Sugar, the 40th floor rooftop bar & garden; and Domain, the lobby café & bar serving light bites and Panther Coffee. EAST, Miami features an expansive fifth floor pool & deck with four unique swimming experiences plus lounging areas along with 20,000 square feet of meeting and event space, suitable for any occasion. For reservations, please email firstname.lastname@example.com or call 305-712-7000. For more information, please visit www.east-miami.com.
ROC President Fredrik Johnsson said: "We are very happy to partner with EAST, Miami as our Official Drivers and VIP Hotel. We are sure that the drivers will enjoy the unique, innovative facilities and relaxed atmosphere at EAST."
The Race Of Champions is an annual contest which has been held for over 25 years. It brings together some of the world's greatest drivers from motor sport's major disciplines – including Formula 1, NASCAR, IndyCar, Le Mans, MotoGP, Touring Cars, World Rally and action sports – and sets them free to battle head-to-head in identical machinery. All the racing takes place in a stunning range of superfast cars.
The ROC event is run over two days: first comes the Race Of Champions itself (on Saturday, January 21) featuring a flat-out battle for individual glory. Then on Sunday, January 22 comes the ROC Nations Cup when drivers pair up in teams based on nationality to bid for the title of 'World's Fastest Nation'. In 2017, this will see America take on the rest of the world in a special contest in celebration of the host venue.
In recent years, ROC has visited the Stade de France in Paris (2004-2006), London's Wembley Stadium (2007-2008), the 'Bird's Nest' Olympic Stadium in Beijing (2009), Düsseldorf's Esprit Arena (2010-2011), the Rajamangala Stadium in Bangkok (2012), Bushy Park Barbados (2014) and London's former Olympic Stadium (2015).
Now the event is heading to the United States for the first time to soak up the heat of Miami. Florida's sports fans will have a chance to watch the speediest action Marlins Park has ever seen as many of the world's greatest drivers push to the absolute limit on a specially-designed racing track winding its way around the infield and outfield.
But that's not all. The Race Of Champions has non-stop action from start to finish – featuring stunt shows on four wheels and two wheels plus DJs, cheerleaders and plenty of other entertainment to keep race fans on the edge of their seats.
Tickets for ROC Miami are now available via www.raceofchampions.com. For access to rights-free high-resolution imagery and to keep up with all the latest news ahead of this year's event please visit www.raceofchampions.com, Race Of Champions on Facebook plus @raceofchampions and #ROCMiami on Twitter.
Drivers already confirmed for ROC Miami:
Sebastian VETTEL, four-time Formula 1 world champion
Tom KRISTENSEN, nine-time Le Mans 24 Hours winner
Petter SOLBERG, double FIA World Rallycross champion
Juan-Pablo MONTOYA, 2015 Indianapolis 500 winner
Ryan HUNTER-REAY, 2014 Indianapolis 500 winner
Tony KANAAN, 2013 Indianapolis 500 winner
Felipe MASSA, 11-time Formula 1 grand prix winner
Kurt BUSCH, 2004 NASCAR champion
Travis PASTRANA, action sports legend
Scott SPEED, double Global Rallycross champion
Alexander ROSSI, 2016 Indianapolis 500 winner
Gabby CHAVES, 2015 IndyCar Rookie of the Year
David COULTHARD, 13-time Formula 1 grand prix winner
Jenson BUTTON, 2009 Formula 1 world champion
Kyle BUSCH, 2015 NASCAR champion
James HINCHCLIFFE, 2016 Indianapolis 500 pole sitter
Helio CASTRONEVES, triple Indianapolis 500 winner
About Brickell City Centre
Brickell City Centre is a landmark $1.05-billion, 4.9-million square-foot mixed‐use development in downtown Miami from Swire Properties Inc., one of South Florida's leading international developers of real estate known for its $1 billion master‐planned development of Brickell Key. The project's first phase includes a luxury and premium shopping center, two residential towers, EAST, Miami hotel, and two mid-rise office towers. The project is LEED®-registered for Neighborhood Development – currently one of the largest in the U.S. Sustainability elements include the $30 million CLIMATE RIBBON™; a masterpiece of art and science, the elevated trellis will span 150,000 square feet, connecting the project's three city blocks and acting as an environmental management system. As the largest private-sector project currently under construction in Miami, Brickell City Centre began vertical construction in 2013 and the first phase of construction began completion end of 2015. Phase II is scheduled for commencement end of 2017. More information is available at www.brickellcitycentre.com.
About Swire Hotels and Swire Restaurants
Swire Hotels has been created to manage soulfully individual hotels in Hong Kong, Mainland China and the United States, providing a unique experience for individually-minded travelers seeking originality, style and personalized service. The company's first hotel, The Opposite House in Beijing, opened in 2008 and was followed by The Upper House, Hong Kong, EAST, Hong Kong and EAST, Beijing. The Temple House in Chengdu opened in July 2015 and EAST, Miami opened in May 2016. A restaurant division was set up in 2013 to manage the company's stand-alone restaurant operations.
For the first United States location for Swire Properties' EAST brand, architects, interior designers, and artists collaborated on various spaces including guest rooms, restaurants and bars, the lobby, exterior decks and patios, conference rooms, and public spaces. The result is a groundbreaking new development that will change the way art, interior design, and architecture combine as one. A portfolio of talent that includes Clodagh from Ireland, Studio Collective from Los Angeles, Miami-based Arquitectonica, and other collaborators from Wales, France, and Germany taking part in the signature CLIMATE RIBBON™ was assembled for the project.
Share this page:


text:
A major key to more success is remembering all your keys. Let the comfort and luxury of the Key to Unity club chair, with its soft, tufted seat, gold LION!-embroidered throw pillow, and wrap-around-the-back custom key pattern be a constant reminder that even when you're sitting, you're keeping your pathway to more success clean. Cushy, absorbing, and finely curved, this uniquely designed and custom crafted club chair will impress whether it's the living room throne or completing the Key to Unity set.
Aesthetic: White & Gold
DIMENSIONS41 x 37 x 32
Join our mailing list


text:
Gingered Carrots & Parsnips
"Ginger adds a marvelous taste to these root vegetables." The flavorful side will be a hit on any buffet table. Marie Rizzio - Interlochen, Michigan
Total TimePrep/Total Time: 30 min.
Makes3 servings
- 3 medium parsnips, peeled and sliced
- 4 medium carrots, peeled and sliced
- 2 tablespoons honey
- 1 teaspoon butter
- 1/2 teaspoon ground ginger
- Dash salt
- 2 tablespoons chopped pecans, toasted
- Place 1 in. of water in a small saucepan; add parsnips. Bring to a boil. Reduce heat; cover and simmer for 1 minute. Stir in carrots; cover and simmer 6-8 minutes longer or until vegetables are crisp-tender. Drain and set aside.
- In the same pan, combine the honey, butter, ginger and salt. Stir in vegetables; heat through. Sprinkle with pecans.
Nutrition Facts3/4 cup: 173 calories, 5g fat (1g saturated fat), 3mg cholesterol, 121mg sodium, 32g carbohydrate (19g sugars, 6g fiber), 2g protein. Diabetic Exchanges: 1-1/2 starch, 1 vegetable, 1 fat.
Recommended Video
Jan 26, 2016
This side dish was outstanding! Although I'm fairly "new" to parsnips, my husband and I enjoyed this recipe so much, that I'm going to include some parsnips in my garden this coming year! I'm looking forward to making this recipe often!
Feb 8, 2013
No comment left
Nov 9, 2011
No comment left
Sep 7, 2009
No comment left


text:
Of course you'll have the option to opt out of these announcements.
Please feel free to send us any feedback or suggestions you may have regarding your experiences at Free Dating America.
So why are we different here at Free Dating America?
The simple truth is that, people like to explore the pool of singles by sifting through simple location based searches and not relying on an algorithm and a bunch of gimmicks, not to mention a cash grab, in order to find someone they like the look of. And that's what you'll get once you partner with us to help find your new friend or lover - simple, powerful and instant results based on a few basic steps that will deliver you the choice to pick and choose as you please.
Whether you're into hard core domination, bi-sexual fantasies, or anything else, they're a phone call away. With hundreds of hot sexy men and women calling every day, you can meet single women and men with the same interests as you anytime, anywhere.Joining Phone Date Me is fast, free and really fun.Since the rise of online dating over the past decade, many dating websites have come and gone.A common complaint shared by seasoned online daters who have tried various dating sites is that, rarely do the multitude of matchmaking services live up to their claims.
Technology and competition for this lucrative market has made a mockery of it.


text:
So it came out today that the company that screwed up the appliance rebates in Texas this week had already screwed up in two other states.
But there should have been one big warning sign before that. The fact the firm handling the rebates was using .Net.
Now there are definitely good programmers working in .Net. And you can definitely built working websites with it. I've heard from good programmers who've done it. But it's not where the energy is, and .Net seems to be drawing the unemployables. The programmers who can't get a job anywhere else. The money is in Java. And the excitement is in Ruby, Python, and PHP. .Net positions exist… for other reasons.
And this was pretty obvious when under load they didn't immediately remove images and other externally loaded static resources. This group didn't even have the most basic of solutions to the problem in their toolkit.
So while it's possible that firm you've hired that wants to develop in .Net is competent and has some fantastic programmers, chances are that it's not. And it doesn't.


text:
Melanoma genetics/genomics
Melanoma is a complex disease driven both by genetic and environmental risk factors, and requires multiple genetic mutations in the evolution from benign nevus into malignant melanoma (MM). Genetic studies of familial and sporadic melanoma have revealed surprising insights into the molecular pathogenesis of this deadly cancer. Collectively, the molecular data show there are four signature pathways involved in melanomagenesis: activation of the RAS?RAF?MEK?ERK and PI3K?AKT pathways and inactivation of the INK4a?RB and ARF?P53 pathways (Chin, 2003). Acting in a coordinated manner, these pathways provide melanocytes the requisite acquired abilities needed to develop into cancer cells: growth-factor independence, insensitivity to anti-growth signals, apoptosis evasion, limitless replicative potential, sustained angiogenesis and tissue invasion and metastasis. Insights into the relative roles and interactions between these pathways have been provided through multiple different experimental approaches and systems, which span from human GWAS and familial studies and/or tumour sequencing to zebrafish and mouse transgenic and knockout models, retroposon mutagenesis studies, cell culture systems, developmental biology, and gene expression studies to name a few.
A standard EDITORIAL TRACKING SYSTEM is utilized for manuscript submission, review, editorial processing and tracking which can be securely accessed by the authors, reviewers and editors for monitoring and tracking the article processing. Manuscripts can be uploaded online at Editorial Tracking System (https://www.longdom.org/submissions/clinical-experimental-dermatology-research.html) or forwarded to the Editorial Office at firstname.lastname@example.com
Media Contact:
Kathy Andrews
Journal Manager
Journal of Clinical & Experimental Dermatology Research
Email: firstname.lastname@example.com


text:
by HEATHER GRAY
Special Field Order 15
As developed by General William T. Sherman January 16, 1865
In Forty Acres and a Mule: Part One, I included comments directly from General William Sherman's "Memoir" about Savannah and the circumstances surrounding the freedmen as well as the interests of Lincoln's Secretary of War, Edwin Stanton, to meet with the freedmen in Savannah to explore their needs and demands. This was followed by the actual minutes of the meeting that, importantly, included the listing of the Black leaders who represented the freedmen at the meeting.
Following the meeting with Black leaders in Savannah, Georgia on January 12, 1865, Sherman notes in his "Memoir" that he was asked by Edwin Stanton to "draft an order on the subject, in accordance with my own views, that would meet the pressing necessities of the case " (the full commentary is below). The result was "Special Field Order 15" as articulated below. Sherman importantly adhered to the request of the freedmen to independently develop their land without interference of white persons. In Section II of Field Order 15, Sherman states:
At Beaufort, Hilton Head, Savannah, Fernandina, Saint Augustine, and Jacksonville the blacks may remain in their chosen or accustomed vocations; but on the islands, and in the settlements hereafter to be established, no white person whatever, unless military officers and soldiers detailed for duty, will be permitted to reside; and the sole and exclusive management of affairs will be left to the freed people themselves, subject only to the United States military authority and the acts of Congress. By the laws of war and orders of the President of the United States the negro is free, and must be dealt with as such.
In his "Memoir", prior to providing the narrative of the "Special Field Order No. 15", Sherman makes the following statement regarding Stanton and his review of the document. Below this statement is the actual "Special Field Order No. 15" directly from Sherman's "Memoir":
During Mr. Stanton's stay in Savannah we discussed this negro question very fully; he asked me to draft an order on the subject, in accordance with my own views, that would meet the pressing necessities of the case, and I did so. We went over this order, No. 15, of January 16, 1865, very carefully. The secretary made some verbal modifications, when it was approved by him in all its details, I published it, and it went into operation at once. It provided fully for the enlistment of colored troops, and gave the freedmen certain possessory rights to land, which afterward became matters of judicial inquiry and decision. Of course, the military authorities at that day, when war prevailed, had a perfect right to grant the possession of any vacant land to which they could extend military protection, but we did not undertake to give a fee-simple title; and all that was designed by these special field orders was to make temporary provisions for the freedmen and their families during the rest of the war, or until Congress should take action in the premises. All that I now propose to assert is, that Mr. Stanton, Secretary of War, saw these orders in the rough, and approved every paragraph thereof, before they were made public. (Pg: 609)
Special Field Order No. 15.Headquarters Military Division of the Mississippi,
In the Field, Savannah, Ga., January 16, 1865.
1. The islands from Charleston south, the abandoned rice-fields along the rivers for thirty miles back from the sea, and the country bordering the Saint Johns River, Fla., are reserved and set apart for the settlement of the negroes now made free by the acts of war and the proclamation of the President of the United States.
JUSTICE INITIATIVE for more


text:
Yasmin is one of our gorgeous High Class London Escorts.
To get a free preview of model, please fill the information below.
Our website uses cookies. Cookies help us improve our services and enable full functionality. By continuing, we assume you consent to storing cookies. For more information click here
more info


text:
Miller Canfield will present "Cappuccino with Counsel: Affordable Care Act--Is it Affordable?" from 8 to 9 a.m. on Tuesday, Aug. 14, at the firm's Bloomfield Hills office.
Discussions will include:
* How will my mix of part-time and full-time employees affect me?
* Should we have fewer full-time employees?
* What if we use seasonal workers?
* Should we be concerned about our independent contractors or consultants?
* What if we are a temporary service agency or we use temp agency employees?
* How will the 'Affordable Health Care' be paid for?
* How will I be affected?
* What penalties will my business be subject to if we don't comply with ACA in 2014?
* What are the 'hard' and 'soft' dollar costs?
There is no cost to attend. Space is limited. Advance reservations required. To register, visit www.millercanfield.com and click on events. www. For additional information, contact Sandy Bera at 248-267-3345.
Published: Wed, Aug 1, 2012