Christian Book Distributors drops CBD initials to avoid cannabis confusion

first_img 5 faith facts about the moon landing: Space Communion and a prayer league of its own DIY Faith • News News Share This! Share This! By: Emily McFarlan Miller emmillerwrites Facebook Twitter Pinterest LinkedIn ReddIt Email,About the authorView All Posts Facebook Twitter Pinterest LinkedIn ReddIt Email Pete Buttigieg: Religious left is ‘stirring’ August 29, 2019 Share This! Buttigieg walks fine line in courting religious left August 29, 2019 Emily McFarlan Miller Emily McFarlan Miller is a national reporter for RNS based in Chicago. She covers evangelical and mainline Protestant Christianity.,Load Comments,Muslim group launches campaign to take Fridays off for Jummah prayers News By: Emily McFarlan Miller emmillerwrites Share This! Dinner church movement sets the table for food, faith and friendships August 29, 2019 Facebook Twitter Pinterest LinkedIn ReddIt Email Share This! Facebook Twitter Pinterest LinkedIn ReddIt Email,(RNS) — A popular Christian bookseller is changing its name after a deluge of requests for cannabis-related products.For years, Peabody, Massachusetts-based Christian Book Distributors has been known by the initials CBD.The bookseller announced last month it will now go by “Christianbook” to avoid confusion with cannabidiol, an increasingly popular cannabis-derived product that shares its initials.“The problem is the other CBD is just so popular at this point in time that it just kind of overwhelms our brand,” Christianbook President and CEO Ray Hendrickson told The New York Times.The “other CBD” does not get users high. But it has exploded in popularity over the past year, appearing in everything from oils and lotions to beers and lollipops and claiming to relieve anxiety and pain, among other things.Cannabis has taken over the CBD name. Image by Mohamed Hassan/Creative CommonsDrugstores Walgreens and CVS have said they will carry CBD products in some states. Even some Christians are exploring its use: A website called God’s Greenery publishes posts about CBD, how Christians can view it morally and what Scripture might have to say about it.Meantime, Christianbook has sold books and other Christian resources for four decades.What started as two teenage brothers selling Christian books from a catalog out of their parents’ house eventually grew to the world’s largest seller of Christian products, according to a statement from the bookseller.The company also sells books on its website, CBD.com.“In the past, a Google search for ‘CBD’ would place our company at the top of the results page,” the company said in a statement.Former Christian Book Distributors branding. Photo courtesy of Christianbook“Now ‘our CBD’ is nowhere to be found in the search results, only sites for the cannabis product are listed, and paid ads are no longer allowed. As this wave of popularity over the ‘other CBD’ is not likely to subside, we will stop referring to ourselves as ‘CBD’ and will also drop the word ‘Distributors’ from our company name. Going forward, we will operate under the name of ‘Christianbook.’”Though the name has changed, Hendrickson said in the statement that nothing else about Christianbook’s business has.Customers still can buy the same Christian products they always have from its catalogs and website. And they still can use the domain name CBD.com.“It’s not for sale,” Hendrickson told The Boston Globe.  TagsCBD Christian Book Distributors Christianbook homepage featured,You may also like Emily McFarlan Miller emmillerwrites By: Emily McFarlan Miller emmillerwrites Facebook Twitter Pinterest LinkedIn ReddIt Emaillast_img read more

Vegas Police Release 911 Calls Roof Video Of Shooting Site

first_imgPhoto by REUTERS/Chris Wattie/Via PBS NewsHourPeople gather at a makeshift memorial in the middle of Las Vegas Boulevard following the mass shooting in Las Vegas, Nevada.Police 911 audio made public Wednesday offers personal, panicked accounts of the deadliest mass shooting in modern U.S. history.In addition, newly released rooftop video from the high-rise casino where the shooter opened fire shows people tending to fallen victims at the Route 91 Harvest Festival concert.“I’m at Route 91 and we’re being shot at!” a woman tells a police dispatcher in one of 518 audio calls made public by police under a court order obtained by the media.The woman says she’s hiding under the concert stage where country music star Jason Aldean had been performing when the gunman with an arsenal of assault-style weapons unleashed barrages of gunfire on Oct. 1.Names were redacted from the audio files that were made public.“There’s a lot of people here that need ambulances,” the woman tells the dispatcher. “There’s people shot everywhere!”Authorities say 58 people died, hundreds were injured and more were traumatized when Stephen Paddock, a 64-year-old high-stakes video-poker player, fired assault-style rifles from a hotel suite into the concert crowd.Rooftop video from Mandalay Bay silently bears witness to the concert before the shooting started then follows the massacre as lights came up, people flee and small groups huddle over apparently injured people.After sunrise, covered bodies are seen as coroner’s vans arrive at the green concert grounds.The material was provided more than eight months after the shooting.It represents a fifth batch of records made public without comment by Clark County Sheriff Joe Lombardo or his department. The FBI in Las Vegas also declined to comment.Lombardo has said investigators don’t know a motive for the attack, he doesn’t think one will be determined, and no link has been found to international terrorism.Authorities say Paddock acted alone in shooting from the 32nd floor of the Mandalay Bay hotel into the concert crowd.The investigation is continuing.The material is being made public under a court order obtained in a public records lawsuit filed by media, including The Associated Press. Sharelast_img read more

Snap Taps Amazon Exec Jeremi Gorman HuffPost CEO Jared Grusd

first_imgIn addition to these two executive additions, the company also announced a slate of additional hires on Wednesday:Jean Gonié, director of EU policy (previously director of public policy at Amazon) (started in October)Alston Cheek, director of platform partnerships (previously partnerships manager at Apple) (started in October)Steen Strand, director of product design – Snap Lab (previously COO and president at ICON Aircraft) (started in October)Ted Suh, head of music partnerships (previously VP digital music at ByteDance) (started in August)Kristin Southey, VP of investor relations (previously senior VP of finance and investor relations at Athene) (started in late July)Snap has been under fire from investors for its inability to grow its user base in the face of ever-growing competition from Facebook. The company lost 3 million daily active users in its most recent quarter, but has seen ad sales accelerate. It’s stock traded below $7 on Wednesday, which translates to a market capitalization of around $8.75 billion. Popular on Variety Snapchat corporate parent Snap has poached Amazon advertising executive Jeremi Gorman as its new chief business officer while also appointing former Huffington Post CEO Jared Grusd as its new chief strategy officer.The two executives are effectively replacing Snap’s outgoing chief strategy officer Imran Khan, who had announced his departure in September.“I’m proud to have Jeremi and Jared join our team, where they will play an important part in shaping the next chapter for Snap,” CEO Evan Spiegel wrote in an email to Snap employees.Gorman had been with Amazon for close to seven years, and most recently led the e-commerce giant’s global advertising sales. Before that, she worked in ad sales for Yahoo and Variety.Grusd had been leading HuffPost as CEO for the past three years. Before that, he worked for four years as Spotify’s general counsel and global head of corporate development. Other previous stints included executive positions at AOL and Google.center_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

Nurturing musical talent

first_imgGurugram witnessed a musical concert which was organised on the weekend at the ‘Theme Music World’, DLF Mega Mall Gurugram. Minu Puri, a Music composer and pianist, performed in the concert along with her students where she was accompanied by French jazz pianist and composer, Benjamin Barria, who tried his hand on some of her compositions. Minu Puri heads a school in Gurugram for piano lovers. Her concert featured one of her youngest students Gauri Mishra, who is just 10 years old and is also among the most talented people in her group. She played some of the famous Bollywood numbers and completely won over the audience by her heart-warming performance. Gauri Mishra has created the national record of being the youngest piano player at the tender age of 9. Also Read – Add new books to your shelfThe evening was further graced by a performance by Francis Barria, a singer, composer, and animator with forty years of experience in this field. He was the producer and animator for 11 years of the French show “La nuit des clips” in French National Tours. Francis sang a few jazz numbers and thrilled the audience by singing Hindi songs composed by Minu Puri. Also, he raised the excitement level of the audience by singing a famous Bollywood song ‘Mera Joota hai Japani’. His wonderful rendition forced the audience to leave their seat and dance to their heart’s content. The students of Minu Puri were praised and awarded for their great performances.last_img read more

Bula San Francisco

first_imgSource = Fiji Airways Fiji Airwaysbook your flights here Fiji Airways www.fijiairways.comBula San FranciscoFiji Airways, voted Best Airline in the South Pacific as awarded by Global Traveler, has announced plans to commence seasonal twice-weekly direct services from San Francisco to Nadi, Fiji this summer and next December starting June 16th, 2016. The flights will operate from San Francisco International Airport (SFO) to Fiji (NAN) on Thursdays and Sundays, with flight times to provide easy connectivity within Fiji, to Australia, New Zealand, and the South Pacific Island nations. Flights will be available for purchase on www.fijiairways.com.The new services will allow more Americans to visit Fiji and experience the natural beauty of its islands and the world-renowned hospitality of the Fijian people. The flights will also make it convenient for the Fijian, Samoan and Tongan communities living in San Francisco, to take trips back to their homeland to see family and friends.Fiji Airways Managing Director and CEO, Andre Viljoen said, “This new service is in line with our network expansion targets and gives us further reach into North America. The seasonal flying takes into account common vacation trends out of the United States. Along with the Fijian community, the Samoan and Tongan communities living in San Francisco are also big winners with this direct service. It will offer them a convenient one-stop flight back to their homeland to see family and friends.”Fijian Attorney General and Minister for Public Enterprises and Civil Aviation, the Honourable Aiyaz Sayed-Khaiyum said, “Fiji is already a popular holiday destination for Americans, especially those from California. The new San Francisco direct flights will allow even more visitors – including former Fiji residents – to visit our home, its beaches, its multitude of experiences, but most importantly, the world-renowned hospitality of the Fijian people. The flight times are also designed with connectivity in mind, giving visitors easy access to Fiji’s beautiful outer islands on our domestic airline Fiji Link. It will be a further boost to tourism in Savusavu, Taveuni, Kadavu as well as the Coral Coast, Mamanuca and the Yasawa groups.”The San Francisco-Nadi flight will depart at 11pm (local time) Thursdays and Sundays, arriving in Nadi at 5am (local time, +2 days). The flight will depart Nadi on Thursdays and Sundays at 9pm (local time), arriving in San Francisco 12:30pm (local time, the same day). Operated using Fiji Airways’ A330 aircraft, 10-hour direct flight offers both Economy and Business Class travel options. All Fiji Airways flights are full-service, and include checked baggage, in-flight entertainment, meals and alcoholic beverages.About Fiji AirwaysFounded in 1951, Fiji Airways Group comprises of Fiji Airways, Fiji’s National Airline and its subsidiaries: Fiji Link, its domestic and regional carrier, Pacific Call Comm Ltd, and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island, Nadi. Fiji Airways aims to be the leading global boutique airline, and has a fleet of brand new wide body A330s and refreshed B737 aircrafts. Fiji Link has a fleet of ATR 72, ATR42 and DHC-6 Twin Otter aircraft. From its hub at Nadi International Airport, Fiji Airways and Fiji Link serve 49 destinations in 13 countries (including code-share). Destinations include Australia, New Zealand, USA, Hong Kong, Singapore, Samoa, Tonga, Tuvalu, Kiribati, Vanuatu and Solomon Islands. The Fiji Airways Group brings in 64 percent of all visitors who fly to Fiji, employs over 1000 employees, earn revenues of over FJD$769 million ($372m USD$), and directly contribute a significant portion of the country’s Gross Domestic Product (GDP). Fiji Airways rebranded from Air Pacific in June 2013. Visit www.fijiairways.com for more information.last_img read more

Lyons domestic violence protection bill heads to governor

first_img19Apr Lyons’ domestic violence protection bill heads to governor Lyons: Legislation sends message to offenders that Michigan will not tolerate domestic violence and sexual assaultLegislation establishing clear and sensible protections for victims or potential victims of domestic violence has been sent to the governor for his signature.House Bill 4481, introduced by Rep. Lisa Posthumus Lyons would allow a victim of sexual assault that results in pregnancy to present clear and convincing evidence in order to have the right to parenting time and custody taken away from the assailant.“Michigan needs to send a message that we stand with the victims and survivors of domestic violence and rape,” said Rep. Lyons, R-Alto. “Too often in cases of sexual assault and domestic violence, a rapist will use the threat of seeking custody of the child to intimidate pregnant victims into not pressing criminal charges of the attack. It is unthinkable that we would allow this to occur when we have the ability to provide victims with the protection and peace of mind they need in order to heal.“My bill allows the victim of rape the ability to present clear and convincing evidence—a standard already accepted in child protection and custody cases—in order to have parenting and custody time removed from the rapist.” Categories: Newslast_img read more

High definition TV penetration in mature TV market

first_imgHigh definition TV penetration in mature TV markets will soon reach a level that means broadcasters and pay TV operators can consider ending standard definition broadcasts, according to new research.HD-ready penetration will double from 25.9% at end-2011 to 50.9% in 2016. However, HD-ready penetration will be higher than 80% in 18 countries by 2016, Digital TV Research says.Globally, the number of HD-ready TV homes will double between now and the end of 2016, taking the total to 652 million, according to Digital TV Research. The number of ‘HD-active’ homes will, meanwhile, treble across the same time period, reaching almost 500 million.last_img read more

SESs SES4 satellite is now fully operational and

first_imgSES’s SES-4 satellite is now fully operational and ready for service at the 338° degrees East orbital position. 
SES-4 was launched from the Baikonur Cosmodrome in Kazakhstan on February 15. It has replaced the NSS-7 satellite and will provide replacement and incremental capacity over the Atlantic Ocean.SES-4 has 52 C-band and 72 Ku-band transponders. It has C-band beams serving the eastern hemisphere of Europe and Africa and providing full coverage of the Americas, plus a global C-band beam to support mobile and maritime customers. Four high-power, regional Ku-band beams will provide services to Europe, the Middle East, and West Africa, as well as North and South America. The satellite is designed to deliver services for 15 years or more.last_img read more

Viacom International Media Networks VIMN is laun

first_imgViacom International Media Networks (VIMN) is launching the Paramount Channel in Romania and increasing its distribution of the network in Hungary after striking a deal with operator RCS&RDS. A fully localised Romanian version of the 24-hour TV film channel will be available to pay TV subscribers of digital and satellite basic packages. In Hungary, the RCS&RDS deal increases the Paramount Channel’s footprint, with the channel having first gone live in this market in February of this year.Paramount Channel Hungary is already available through most of the major operators in the country, on platforms including Magyar Telekom, Tarr, PR-Telecom and Invitel.“We’re delighted to be extending the reach of Paramount Channel to our viewers in Romania and increasing our penetration in the Hungarian market so soon after the channel launch in February,” said David Lynn, managing director, VIMN UK, Australia and Central and Eastern Europe.“This deal, with our long-standing affiliate partner RCS&RDS, is a testament to the success of the Paramount Channel brand. Viewers in Romania are among the first globally to be able to access this service and we’re confident it will be just as successful as it has been in other markets and will help us continue to grow our share of key audiences in these important European markets.”The Paramount Channel launched in Spain in 2012, in France in 2013 and in Russia in 2014.last_img read more

The European General Courts ruling annulling Libe

first_imgThe European General Court’s ruling annulling Liberty Global and Vodafone-Ziggo’s joint venture in the Netherlands is “more of a nuisance” than a major blow for Liberty Global, according to the company’s president and CEO Mike Fries. Fries said he was “pretty confident” the deal would be cleared “in due course”.The ruling means that the European Commission has to re-examine its original approval of the VodafoneZiggo JV to take account of the court’s finding that it didn’t provide a proper analysis of the impact of the deal on the premium sports market.Fries said that both Telenet and VodafoneZiggo had shown that synergies from fixed-mobile convergence were “real” and “probably bigger than we thought”. He said that fixed-mobile convergence and a quad-play bundle were “huge drivers of growth and value creation”. However, he said, a standalone mobile offering that is not converged was “challenging”, given the competitive nature of that business and regulatory headwinds.Speaking about regulation more broadly, Fries said that “battle lines” were being drawn over the implementation of the EC’s new electronic communications code and in particular over how much authority would be vested in national regulators to interpret the rules.Fries said that Liberty was “totally aligned with the EU Commission” and with other telcos in viewing existing regulations as sufficient, but wonted that the European Parliament and Council were “grappling with their own interpretations” of the code.last_img read more

Sponsor Advertisement

first_imgSponsor Advertisement Bayfield Ventures Corp. (TSX.V: BYV) is exploring for gold and silver in the Rainy River District of NW Ontario. The Company’s 100% owned “Burns” Block property adjoins the immediate east of Rainy River Resources’ (TSX.V: RR) world-class gold deposit which includes an indicated resource of 5.72 million ounces of gold, averaging 1.18 g/t, in addition to an inferred resource of 2.25 million ounces of gold, averaging 0.79 g/t. Drilling to date on Bayfield’s Burns Block demonstrates that the ODM17gold zone extends from Rainy River Resources’ ground onto the Burns Block. Bayfield is currently carrying out 100,000 metres of diamond drilling on its Rainy River properties. Drill results thus far have been very encouraging. Notable drill results include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres. Bayfield also holds a 100% interest in two other properties in the Rainy River District. Claim blocks “B” and “C” are well located to the immediate east and west (respectively) of Rainy River Resources’ #433 and ODM17 gold zones. Please visit our website to learn more about the company and request information. We get the jobs numbers at 8:30 a.m. Eastern time this morning…and it’s always interesting to see how the precious metals react.It was nice to see gold finally break above the $1,780 spot price mark, even if it was only by a bit over ten bucks.  Looking at the Kitco gold chart from yesterday, it’s easy to see that the gold price ran into stiff resistance at every significant rally attempt…the London open, the Comex open…and the Comex close.  Without a willing seller present at these key times, gold would have finished the day substantially higher.As it turned out, gold finished the Thursday trading session at $1,790.30 spot…up $11.30 on the day.  Not surprisingly, volume…172,000 contracts…was significantly higher [by 40,000 contracts] than Wednesday’s volume, as the technical funds and small traders poured in on the long side…and JPMorgan et al went short against all comers.Of course the most egregious…and equally obvious…price management target of the day, was silver.  Every attempt to break through the $35 spot price ceiling was bludgeoned to death once again…especially the break out at the 8:20 a.m. Eastern time Comex open.Silver’s high tick of the day…$35.23 spot…occurred less than ten minutes after the Comex open…and was immediately followed by silver’s low price tick in New York…$34.57 spot less than twenty minutes later.  If you can explain to me why any for-profit seller would sell into a NASA space-launch rally like this…and drive the price down about 50 cents at the same time…I’d LOVE to hear from you, and why you would trade like this yourself.Silver was carefully closed at $34.97 spot, just below the $35 mark…up 33 cents on the day…but would have been up many dollars if left to its own devices.Here’s the New York Spot Silver [Bid] chart on its own.  It highlights all the New York shenanigans more closely.Gold finished up 0.64%…silver finished up 0.95%…platinum was up 1.84%…and palladium was the star, up 2.91%.The dollar index opened at 79.89 on Thursday morning in early Far East trading…just after making what looked like its final two attempts to break above the 80.00 level in late afternoon trading on Wednesday afternoon in New York.It was all down hill from there…and the decline picked up speed shortly after 12 o’clock noon in London…and the bottom came at precisely 2:00 p.m. in New York, where it looked like someone caught a falling knife.From there, the index traded sideways, closing at 79.36…down 53 basis points on the day…and was down over 60 basis points at one point.It should be obvious that gold and silver wanted to really fly on this dollar index price decline, but there were willing not-for-profit sellers in the market ensuring that the obvious didn’t happen.The gold stocks gapped up about a percent at the open…and continued to work their way higher from there…right up until shortly after the 1:30 p.m. Eastern Comex close.  From there they traded sideways…and the HUI finished up a respectable 2.67%.For the most part, the silver stocks did exceptionally well…and Nick Laird’s Silver Sentiment Index closed up 3.49%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 192 gold and 16 silver contracts were posted for delivery on Monday.  The only two short/issuers were Merrill and ABN Amro, with 150 and 42 contracts respectively.  Two of the ‘usual suspects’ were the long/stoppers…JPMorgan with 145 contracts and the Bank of Nova Scotia with 47.  The link to yesterday’s Issuers and Stoppers Report is here.I was somewhat taken aback by the report from GLD yesterday, as an authorized participant[s] added 290,802 troy ounces of gold.  In the first four business days of October, GLD has added 407,126 ounces of the stuff…even though the gold price has hardly moved.SLV did not have a report yesterday…but since the beginning of October, the amount of silver in SLV has declined by 174,134 troy ounces…and silver’s price has hardly moved, either.After three days with no sales report, the U.S. Mint decided to come clean on its October activity to date.  They reported selling 7,000 ounces of gold eagles…2,500 one-ounce 24K gold buffaloes…and a chunky 1,233,000 silver eagles…almost 38% of all the silver eagles reported sold in the entire month of September.  As I keep pounding away in this space…I hope, dear reader, that you are getting your share!The Comex-approved depositories only took in one good delivery bar on Wednesday.  It tipped the scales at 999.130 troy ounces.  But they shipped 848,266 troy ounces out the door.  The link to that activity is here.I have the usual number of stories today and, as always, the final edit is up to you.The effect of QE3 is nothing more than pushing up the stock market…the market is being pushed up to record levels with limited trading. We have a very low volume and the market goes up, which is manipulation. – Sam Zell, CEO of Equity Group Investments on CNBC on October 3, 2012It was just another day of blatant price management in the precious metals…with gold and silver getting it in the neck once again from JPMorgan et al.One thing is for sure, is that the total open interest and the Commercial net short position are getting larger by the day, as it was obvious that the “usual LBMA suspects” were going short against all and sundry on both sides of the Atlantic again yesterday.Today’s Commitment of Traders Report certainly won’t show what happened on Wednesday and Thursday…and in some ways this COT report is already “yesterday’s news” when you consider the price activity since the cut-off on Tuesday afternoon.  I suspect that “da boyz” will continue to short this market until they break its back.But, there’s still the chance that JPMorgan et al will get over run.  However, there’s certainly no sign of that happening at the moment.  If this happy event does occur, I’m sure that Jamie Dimon et al won’t be advertising that fact in advance.We get the jobs numbers at 8:30 a.m. Eastern time this morning…and it’s always interesting to see how the precious metals react…or are allowed to react.  I await this event with the usual amount of interest.Gold and silver rose and fell during the Far East trading session on their Friday…and were about unchanged as I hit the ‘send’ button at 5:19 a.m. Eastern time.  Volumes were very light, so I wouldn’t read a thing into what little price movements we’ve had in either metal up to that point in time. The dollar index is comatose.With gold and silver shares continuing to move higher with some conviction now, there’s still an opportunity to either readjust your portfolio, or get fully invested in the continuing major up-leg of this bull market in both silver and gold…and I respectfully suggest that you take out a trial subscription to either Casey Research‘s International Speculator [junior gold and silver exploration companies], or BIG GOLD [large producers], with all our best [and current] recommendations…as well as the archives. Don’t forget that our 90-day guarantee of satisfaction is in effect for both publications.I’m done for the day.  See you here tomorrow.last_img read more

While the market goes gaga for technology companie

first_imgWhile the market goes gaga for technology companies, bidding their prices to levels assuming constant growth to infinity, I wonder just how new apps or viewing devices make my life better versus things created years ago. In a wonderful little book full of big insights, The Great Stagnation, economist Tyler Cowen says our lives in material terms are not much different than in 1953. The cool stuff we saw on The Jetsons in the 1960s hasn’t happened. No jetpacks, or living forever, or visiting Mars. “Life is better and we have more stuff,” writes Cowan, “but the pace of change has slowed down compared to what people saw two or three generations ago.” Market bellwethers like Amazon and Netflix are astronomically valued. But these companies do not change our lives fundamentally—they only allow us to efficiently buy and watch more STUFF. It’s inventions made between 1880 and 1940 that have really made life better. Professor Cowan lists a few important ones: automobiles, electricity, household appliances, telephone, mass production, pharmaceuticals, radio, television, and indoor plumbing. Younger readers can’t imagine a world without these things. I can’t either, except for indoor plumbing. Although I grew up living in Abilene, Kansas, with indoor plumbing, I remember visiting great-grandparents who did not have modern facilities. These days you think the world’s going to end if the Internet is slow. Imagine having to go in the middle of a cold, windy Kansas night. You put on shoes and an overcoat, and tromped out to an uninsulated, rickety outhouse 50 or 100 yards from the residence. In the summer, a different sort of discomfort was associated with the process. So while I’m awed by the latest gadgets like anyone else and a proud Amazon Prime member, I don’t think Jeff Bezos’ company is life-changing enough for the stock to be worth 539 times earnings. As I get older, it is those who designed and created indoor plumbing that I thank each and every night. Which brings me to today’s article by resource investing legend Rick Rule of Sprott Global Resources. Many of you know him as the go-to wise man for junior resource companies in the precious metals and energy areas. Today he has another precious resource he believes you should consider for your portfolio… a resource none of us can do without, no matter what neat technology we hold in our hands. Rick not only lays out an ironclad investment thesis, but provides specific investment ideas. You can read more from Rick and his team at Sprott’s Thoughts. Enjoy, Doug French, Contributing Editorlast_img read more

The game kicks off at 745pm on May 18 at Kingston

first_imgThe game kicks off at 7:45pm on May 18 at Kingston Park and the Thunder are once again inviting all Super League fans down to watch the game.Tickets are available to Super League Fans at £12 per adult and £5 for juniors if pre-booked on 0871 226 6060. On the night they are £15.Kingston Park Stadium is situated just north of the city and is on the main Airport Metro line. The stadium is served by two metro stations – Kingston Park and Bankfoot.Both are less than five minutes from the ground.last_img read more

How Mark Zuckerbergs Vision Has Changed Since Facebook Went Public

first_img February 17, 2017 Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Based on the contents of an open letter titled ‘Building Global Community,’ civic engagement is at the top of the CEO’s mind. 5 min read Nina Zipkin Staff Writer. Covers leadership, media, technology and culture. Next Article Mark Zuckerberg Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goalscenter_img –shares How Mark Zuckerberg’s Vision Has Changed Since Facebook Went Public Image credit: catwalker | Shutterstock Add to Queue This week, Mark Zuckerberg posted a lengthy open letter on his Facebook page about his vision of the company’s future, in which he explained his intention to build a global community.“For the past decade, Facebook has focused on connecting friends and families,” Zuckerberg wrote. “With that foundation, our next focus will be developing the social infrastructure for community — for supporting us, for keeping us safe, for informing us, for civic engagement and for inclusion of all.”While Zuckerberg has said that he does not plan to run for political office, much of the letter’s contents would not be out of place in a campaign stump speech.Related: 17 Weird Things You Didn’t Know About Mark ZuckerbergOne the eve of Facebook’s IPO in February 2012, Zuckerberg laid out his plans for investors in a letter that took on similar themes, though was not as detailed.At that time, Zuckerberg shared his desire to bolster relationships between individuals, writing, “People sharing more — even if just with their close friends or families — creates a more open culture and leads to a better understanding of the lives and perspectives of others. We believe that this creates a greater number of stronger relationships between people, and that it helps people get exposed to a greater number of diverse perspectives.”In his Feb. 16, 2017 letter, he led with the idea of utilizing Facebook to build support systems in real life. “Online communities are a bright spot, and we can strengthen existing physical communities by helping people come together online as well as offline,” Zuckerberg wrote. “In the same way connecting with friends online strengthens real relationships, developing this infrastructure will strengthen these communities, as well as enable completely new ones to form. … These communities don’t just interact online. They hold get-togethers, organize dinners and support each other in their daily lives.”Related: Mark Zuckerberg for President in 2020? Pundits and Comics Share Their Hot Takes.Five years ago, Zuckerberg highlighted Facebook’s ability to connect users to business and the economy, and to help people build better and more engaging products. However, in his 2017 letter he also talked about Facebook’s role to build tools to help make the world a safer and more engaged place. He cited Safety Check, and he described how users have taken to Facebook to fundraise after tragedies such as the 2015 Nepal earthquake.He discussed developing artificial intelligence systems to remove propaganda from the platform and prevent recruitment for terrorist organizations.“This is technically difficult as it requires building AI that can read and understand news, but we need to work on this to help fight terrorism worldwide,” Zuckerberg wrote.Related: A Reminder From Mark Zuckerberg: ‘Put People First’He also explained that Facebook intends to prioritize “protecting individual security and liberty,” highlighting the social network’s positive stance on encryption, which is integrated into WhatsApp and Messenger. “Keeping our community safe does not require compromising privacy,” he wrote.In his 2012 letter, Zuckerberg’s goal was to change how “people relate to their governments and social institutions.” The vision he laid out was somewhat vague, but it centered around the idea that Facebook and the internet at large would create an environment that would allow for “a more honest and transparent dialogue around government that could lead to more direct empowerment of people, more accountability for officials and better solutions to some of the biggest problems of our time.”Related: Mark Zuckerberg: ‘Entrepreneurship Is About Creating Change, Not Just Creating Companies’But in 2017, in this current political climate, Zuckerberg seemingly felt compelled to be more specific about how he envisions Facebook’s role regarding civic engagement. He described how the platform helped 2 million users register to vote in the 2016 U.S. general election, and how candidates and politicians used the site to engage with their constituents. Again, the CEO cited the platform’s ability to bring users together offline.“Sometimes people must speak out and demonstrate for what they believe is right. From Tahrir Square to the Tea Party — our community organizes these demonstrations using our infrastructure for events and groups,” Zuckerberg wrote. “The Women’s March is an example of this, where a grandmother with an internet connection wrote a post that led her friends to start a Facebook event that eventually turned into millions of people marching in cities around the world.”Related: Mark Zuckerberg: I Would Only Hire Someone to Work For Me If I Would Work For ThemZuckerberg used the letter to acknowledge mistakes Facebook has made in monitoring and removing content on the platform, citing the removal of videos related to Black Lives Matter and historic images from the Vietnam War as well as the “misclassifying of hate speech.” Zuckerberg characterized these exchanges with users as painful, noting “In the last year, the complexity of the issues we’ve seen has outstripped our existing processes for governing the community.”He laid out his idea for developing a system of personalized settings when it comes to what content you see in your feed, proposing the idea of a questionnaire to determine how much users see content containing violence, nudity and profanity. “We are committed to always doing better, even if that involves building a worldwide voting system to give you more voice and control,” Zuckerberg wrote. “Our hope is that this model provides examples of how collective decision-making may work in other aspects of the global community.” Entrepreneur Staff Register Now »last_img read more

Nevada Declares Marijuana State of Emergency to Avoid 100 Million Tax Shortfall

first_img Add to Queue Nevada Declares Marijuana State of Emergency to Avoid $100 Million Tax Shortfall Free Green Entrepreneur App Marijuana, until recently illegal in Nevada, is now a major source of revenue the state can’t afford to lose. Opinions expressed by Entrepreneur contributors are their own. Cannabis Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. July 25, 2017 Typically, putting the name of a state and the phrase “state of emergency” in the same sentence means residents there are facing some serious trouble. Like “natural disaster” type of trouble.Leave it to Nevada to put a new twist on things. State officials there declared an emergency this month because people couldn’t get enough of what they wanted. What did they want? Recreational marijuana. And the state’s dispensaries, in a continuation of some last-minute legal maneuvering that led to a bumpy roll out of the Silver State’s regulated recreational marijuana sales, couldn’t provide enough supply to meet demand.Related: Policy Group Argues It’s Time to End the Failed War on DrugsBut Nevada officials took action to fix the supply problem only after realizing that the state would miss out on a chunk of the $100 million in marijuana tax revenue expected over the next two years.Distribution problemsAs detailed here, the state had to allow existing medical marijuana dispensaries to sell adult-use marijuana while sorting out a legal case brought by the state’s alcohol distributors. By law, they were supposed to have exclusive rights to distribute adult-use marijuana for the first 18 months it was available.But, while the state’s voters just approved recreational marijuana sales last November, Nevada officials decided not to wait until 2018 to begin sales as other states — including California and Massachusetts — chose to do while a system of regulation and taxation is created. They instead started in July 1.That created an issue, as alcohol distributors did not yet have a license to transport marijuana. So state officials passed an emergency order allow medical dispensaries to sell recreational marijuana from their existing supply. The state is expected to need 60 to 90 days to sort out the legal issues with the alcohol distributors.Related: Oakland Strives to Rejuvenate Economically by Becoming California’s Cannabis CapitalThis isn’t an issue in other states, such as Colorado and Washington, where dispensaries are allowed to transport their own supply.Independence Day WeekendThen came the long Fourth of July weekend. Dispensaries loaded up in preparation of big sales. However, they did not have near enough.Dispensaries reported more than 40,000 retail marijuana transactions in the first few days of July (Nevada residents can buy up to one ounce per transaction, according to state regulations). The state also reported that some of the 47 licensed dispensaries had sales “of more than double their estimates.”With no transportation system set up, supplies quickly started running out.The state finally took action at a mid-July meeting of the Nevada Tax Commission, which decided to temporarily expand who is allowed to transport marijuana until the alcohol distributors are up and running.Related: Do Something That’s Never Been Done Before, According to This Marijuana Tech CEOThe main reason? The state has budgeted $100 million in marijuana tax revenue for the next two years. “Without the retail sale of marijuana, the state will not realize the revenue upon which the state budget relies,” Deonne Contine, executive director of the Tax Commission, wrote in a letter to commissioners.Contine also said action was needed to keep buyers from moving into the black market to purchase marijuana if the supply of legal marijuana evaporated.Follow dispensaries.com on Twitter to stay up to date on the latest cannabis news. Image credit: Ethan Miller | Getty Images dispensaries.com Download Our Free Android App Guest Writer –shares 3 min read Easy Search. Quality Finds. Your partner and digital portal for the cannabis community. Next Article last_img read more

3 Things to Know About Creating a HighYielding Marketing Department

first_imgWe all want to achieve our Marketing goals and drive our organizations forward, and we need the right people at the helm to make this happen. But even if you believe in your team members and feel good about their performance, it’s common to have lingering questions. We’ve found that most of the CEOs and CMOs we talk to wonder if they have the right people in the right roles at the right salaries. But the breakneck pace of Marketing today leaves little time to really dig into these questions, and identify solid answers.The good news is, there’s almost always an opportunity to optimize. We’ve seen the gamut when it comes to Marketing departments, and even the savviest teams can see dramatic results by making the right personnel changes. So if you want to get on the right track and find success in this area, we’re here to help.To start, we updated a really popular infographic we created five years ago about the job titles you (may) need in your Marketing organization, to reflect current changes in the industry and trends in salaries. We recommend checking it out and getting familiar with it. It can act as your guide as you begin to identify the gaps in your organization, how to fill them and with whom.In addition to this, here are three things to keep in mind to help you create and maintain the type of high-flying Marketing department you need to succeed.1. Your ideal Marketing department won’t look like everyone else’s This might seem weird, given that our infographic shows the types of roles that often support the best Marketing departments, so you may think yours must mimic this exactly. But it shouldn’t, and won’t. Your business is unique, your goals are specific and the role of your Marketing team in your company is going to have its own flavor accordingly.So, consider the positions we’ve outlined in our infographic as a starting point or a template of sorts. Review it with the mindset that you may need all these jobs at some point, or may never need a few of them. But every Marketing organization will need some of them (maybe even most). And it’s best to understand how they all work together, holistically, to help you achieve your goals. Only then can you start to make decisions about what pieces and parts you need most.2. Expertise is essential, not expendableAt this stage, you’re going to need wise words from a seasoned Marketing professional. If you don’t have a time-tested VP of Marketing or CMO, ask yourself honestly whether your CEO has the right chops (e.g. enough marketing know-how) to make strategic, informed decisions about assembling the right Marketing team. If not, we encourage you to find a third-party agency you can trust to help you make these decisions.The expertise of a person or agency who knows the ropes of marketing, understands technology and strategy, and has seen the industry evolve through the years, is invaluable. This individual or team will help you connect the dots between what your Marketing department looks like now, and what it needs to look like if you want to accomplish your BHAGs. They can tell you which of the roles of our infographics are important to your trajectory, and which aren’t necessary right now. This will help you make strategic decisions and get crystal clear about hiring intentionally.3. Marketing hires are investments, not expenses And finally, if you get nothing else from all this, please remember this point. All too often, well-meaning leaders get consumed by their bottom line and become skittish about hiring experienced people who know how to get their jobs done well. The thinking goes that these people cost more money, so they, therefore, represent an unnecessary operational expense.But, no! Hiring is an investment, not an expense. After all, if you’re selecting seasoned practitioners for the roles you really need, they should be wild revenue generators. The hires you want to make might account for $1 million dollars in salaries between them, but don’t panic – they should more than makeup for this in the ROI they bring. What if they bring in $10 million for you or more? Worth it!When all is said and done, the best thing you can do for your Marketing department is to realize your people are not overhead; they are instruments of revenue growth. And this will remain true, no matter what technology and other trends ebb and flow over the years. Hire the right people, and hire for the organization you want to be – not where you are now. Only then will your Marketing department do its job and yield you the wickedly awesome results you’ve been hoping it would. Here’s to you getting there, one “right” person at a time. Read more: 5 Ways Your Human Resource Department Can Connect with Candidates Faster 3 Things to Know About Creating a High-Yielding Marketing Department Justin Gray8 hours agoJuly 22, 2019 ExpertiseHiringMarketingMarketing goalsMarketing TeamoptimizationRevenue GrowthROI Previous ArticleWeRecover Launches Addiction Treatment Search Engine App for iOS And AndroidNext ArticleTechBytes with Stephen Cox, VP and Chief Security Architect at SecureAuthlast_img read more

Team breaks exaop barrier with deep learning application

first_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Improved Scalability and CommunicationOn the software side, in addition to providing the climate dataset, the Berkeley Lab team developed pattern-recognition algorithms for training the DeepLabv3+ neural network to extract pixel-level classifications of extreme weather patterns, which could aid in the prediction of how extreme weather events are changing as the climate warms. According to Thorsten Kurth, an application performance specialist at NERSC who led this project, the team made modifications to DeepLabv3+ that improved the network’s scalability and communications capabilities and made the exaops achievement possible. This included tweaking the network to train it to extract pixel-level features and per-pixel classification and improve node-to-node communication.”What is impressive about this effort is that we could scale a high-productivity framework like TensorFlow, which is technically designed for rapid prototyping on small to medium scales, to 4,560 nodes on Summit,” he said. “With a number of performance enhancements, we were able to get the framework to run on nearly the entire supercomputer and achieve exaop-level performance, which to my knowledge is the best achieved so far in a tightly coupled application.”Other innovations included high-speed parallel data staging, an optimized data ingestion pipeline and multi-channel segmentation. Traditional image segmentation tasks work on three-channel red/blue/green images. But scientific datasets often comprise many channels; in climate, for example, these can include temperature, wind speeds, pressure values and humidity. By running the optimized neural network on Summit, the additional computational capabilities allowed the use of all 16 available channels, which dramatically improved the accuracy of the models.”We have shown that we can apply deep-learning methods for pixel-level segmentation on climate data, and potentially on other scientific domains,” said Prabhat. “More generally, our project has laid the groundwork for exascale deep learning for science, as well as commercial applications.” A team of computational scientists from Lawrence Berkeley National Laboratory (Berkeley Lab) and Oak Ridge National Laboratory (ORNL) and engineers from NVIDIA has, for the first time, demonstrated an exascale-class deep learning application that has broken the exaop barrier. High-quality segmentation results produced by deep learning on climate datasets. Credit: Berkeley Lab Explore further Using a climate dataset from Berkeley Lab on ORNL’s Summit system at the Oak Ridge Leadership Computing Facility (OLCF), they trained a deep neural network to identify extreme weather patterns from high-resolution climate simulations. Summit is an IBM Power Systems AC922 supercomputer powered by more than 9,000 IBM POWER9 CPUs and 27,000 NVIDIA Tesla V100 Tensor Core GPUs. By tapping into the specialized NVIDIA Tensor Cores built into the GPUs at scale, the researchers achieved a peak performance of 1.13 exaops and a sustained performance of 0.999—the fastest deep learning algorithm reported to date and an achievement that earned them a spot on this year’s list of finalists for the Gordon Bell Prize.”This collaboration has produced a number of unique accomplishments,” said Prabhat, who leads the Data & Analytics Services team at Berkeley Lab’s National Energy Research Scientific Computing Center and is a co-author on the Gordon Bell submission. “It is the first example of deep learning architecture that has been able to solve segmentation problems in climate science, and in the field of deep learning, it is the first example of a real application that has broken the exascale barrier.”These achievements were made possible through an innovative blend of hardware and software capabilities. On the hardware side, Summit has been designed to deliver 200 petaflops of high-precision computing performance and was recently named the fastest computer in the world, capable of performing more than three exaops (3 billion billion calculations) per second. The system features a hybrid architecture; each of its 4,608 compute nodes contains two IBM POWER9 CPUs and six NVIDIA Volta Tensor Core GPUs, all connected via the NVIDIA NVLink high-speed interconnect.The NVIDIA GPUs are a key factor in Summit’s performance, enabling up to 12 times higher peak teraflops for training and 6 times higher peak teraflops for inference in deep learning applications compared to its predecessor, the Tesla P100.”Our partnering with Berkeley Lab and Oak Ridge National Laboratory showed the true potential of NVIDIA Tensor Core GPUs for AI and HPC applications,” said Michael Houston, senior distinguished engineer of deep learning at NVIDIA. “To make exascale a reality, our team tapped into the multi-precision capabilities packed into the thousands of NVIDIA Volta Tensor Core GPUs on Summit to achieve peak performance in training and inference in deep learning applications.” Researchers use Titan to accelerate design, training of deep learning networks Citation: Team breaks exaop barrier with deep learning application (2018, October 9) retrieved 17 July 2019 from https://phys.org/news/2018-10-team-exaop-barrier-deep-application.html Provided by Lawrence Berkeley National Laboratorylast_img read more

Uber in the air Flying taxi trials may lead to passenger service

first_imgAir taxis could soon offer passengers rapid transport from an airport to a city. Credit: from www.shutterstock.com Citation: Uber in the air: Flying taxi trials may lead to passenger service by 2023 (2019, June 12) retrieved 17 July 2019 from https://phys.org/news/2019-06-uber-air-taxi-trials-passenger.html Uber names Melbourne as first non-US city for flying car program Melbourne, Dallas and Los Angels have been named as three test cities for the trial. As a researcher in unmanned aerial systems, I was asked recently if I would ride on an Uber Air taxi. After a brief ponder, my answer is “yes.” The introduction of Uber Air in 2023 may feel way out of reach for many people, but I believe this is a feasible and exciting development in air travel. If Australia’s Civil Aviation Safety Authority (CASA) has signed off on the safe operation of this new aircraft I would love to experience an aerial taxi. Passenger dronesThe aviation industry is well developed, and various aircraft share the skies. Helicopters, general aviation and large commercial aircraft are all regarded as a safe and considered an acceptable form of transportation. A newer addition to the industry is the passenger carrying drone, and one which is being introduced at speed. Boeing’s GoFly competition has been set up to “foster the development of safe, quiet, ultra-compact, near-VTOL personal flying devices capable of flying twenty miles while carrying a single person.” (VTOL refers to vertical take-off and landing).US$2 million is up for grabs for successful designs and prototypes. Of the competitors, five phase two winners were announced in March 2019, and the competition is still ongoing to find the most innovative and optimum solution for a passenger-carrying aircraft. Dubai’s police force is reportedly conducting trials with a hovering vehicle, something that resembles a flying motorcycle. Uber says it has a vision to provide VTOL ride share services for passengers throughout the world. Whether the first Uber Air vehicle will be piloted by a human on board or remotely, or via an autopilot is still unknown. This will depend on the required levels of safety set by CASA. Uber Air will start test flights of its aerial taxi service in 2020, and move to commercial operations by 2023, the ABC reported today. Provided by The Conversationcenter_img I believe the end goal would be to be fully autonomous, however, this would require extensive proof these system are completely safe. Quite simple technologyUnlike a helicopter, the technology base of a drone is far simpler. Controlled by computers, they use electricity as a primary power source from batteries and brushless electric motors to make them thrust into the sky. This type of system has been used with great success with smaller drones in the commercial market. Current smaller drones have the capability of flying autonomously: no pilot is needed. A pick up location and a return location can be programmed into the drone, and it is able to land, takeoff and fly without pilot assistance. This is not strictly considered to be an artificial intelligence system. Drones operate through a series of checkpoints in the sky, which they track all the way to the final destination. This is reliant on GPS, much like the GPS in your phone or navigating the streets using a Google Maps. The scaling up of this technology to carry passengers was only a matter of time. But the clear next step is research on how safe these aircraft are going to be. This is important not just for future passengers on board, but also for the people and property they will fly over. Like traditional aircraft which go through a rigorous certification process, drones may be subjected to the same amount of scrutiny. Due to the simplicity of the drone system, this type of certification may take less time than a traditional aircraft (which can take many years, depending on the complexity of the design being certified). Fortunately, we have a very proactive regulatory body in CASA. This authority is seen as a world leader in not only drone policies and procedures for safe drone operation, but it already actively consults and assists people in the drone industry. It’s likely CASA played a role in getting Uber Air trials assigned to Melbourne. A few nervesMuch like the helicopter when it was introduced back in the 1940s, people are likely to be apprehensive about a passenger-carrying drone in the first instance. The idea that unmanned vehicles may soon be flying through the sky raises many questions and concerns about the implications on people’s lives and the safety of the community. This is a natural response. It takes time to develop confidence in new technology—especially one that has the responsibility of flying people around cities. Over time helicopter technology progressed, and it was made safe and reliable—it was eventually seen as an acceptable mode of transportation. A similar progression with drones is likely. We can be confident the technology will be properly tested and proven safe before the common citizen will be able to phone order an Uber Air trip across town. Australia is the perfect place for testing, especially this country’s capacity for rapid development and continuous testing in outback Australia. Google and other international bodies have tested new drone technology in Australia in a safe and regulated manner. The Uber Air taxi will be no different with extensive testing to improve the technology, efficiency and reliability. This article is republished from The Conversation under a Creative Commons license. Read the original article. Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

PES University TCS bag Indian Oil business quizPES University TCS bag Indian

first_imgSHARE Published on SHARE SHARE EMAIL Akhil Siddharth P and Preetham Upadhya of PES University, Bangalore and Jayakanthan R and Bibin Babu of Tata Consultancy Services, Chennai won the Indian Oil Rajagiri National Business Quiz held at the valley campus of Rajagiri at Kakkanad for the student and corporate category respectively.This was the culmination of three online quizzes held over a period of one month across the country and the offline quiz held at the campus.More than 2,000 teams participated and five teams each from students and corporates were selected for the semi finals. Three teams from both categories were shortlisted from the offline preliminary round held earlier on the day for the finals. The semi finals were held separately for student and corporate categories and top three teams from both the groups were qualified for the joint finals.The other teams qualified for the finals were IISER Mohali and MICA, Ahmedabad from colleges and Novartis, Hyderabad and Nexus Consulting, Bangalore from corporate.The quiz master was Mitesh Agarwal, Vice President and CTO of Oracle India. Winners were awarded a prize money of Rs One lakh. Rs 50,000 and Rs 15,000 for the first and second runners up were presented by the chief guest P. S. Moni, State Head and Chief General Manager Indian Oil Corporation. COMMENT October 14, 2018 COMMENTSlast_img read more

UP announces procedure for SGST relief to multiplexes

first_imgSHARE COMMENT Published on cinema industry December 06, 2018 GSTcenter_img Shishir SinhaMultiplexes such as PVR, INOX and GGN can heave a sigh of relief as the Uttar Pradesh Government has announced detailed procedures for refund mechanism under Goods and Services Tax (GST) for multiplexes in the State. It is the second State after Rajasthan to announce such a mechanism. There are over 8,700 screens (both multiplexes and single screen) in India, out of which nearly 500 are in Uttar Pradesh alone.The basic principle of GST does not promote exemption, but prescribes for deposit of taxes due. However, both the Centre and States can prescribe refund mechanism in lieu of exemption to continue promoting industrial activities in their respective region. Accordingly, beneficiaries will first have to deposit the tax and then they will be given refund. The UP Government, in its Cabinet meeting on November 20, decided to have such a mechanism for the multiplexes/cinema theatre and has come out with details about “the limits and procedures of grant-in-aid given as an incentive to multiplexes/cinema theatres after the GST regime.” This will be applicable to both running and under-construction entities.The need for such a policy arose after the entertainment tax was subsumed in the GST. Prior to introduction of GST, the State Government offered incentive in the form of five-year tax exemption to multiplexes. As part of the scheme of exemption, multiplex companies were allowed to retain 100 per cent of the entertainment tax charged in the first year, 75 per cent in the second and third years, and 50 per cent charged in fourth and fifth year of operations, respectively. There was question mark on continuation of such incentive post GST which forced many multiplexes to seek legal recourse for the continuation of the scheme. The Yogi Government then came out with the detailed procedure. Abhishek A Rastogi, partner at Khaitan & Co, who is the arguing counsel for various petitioners, termed this a big step forward towards the promises made to businesses and said that UP has lived up to the expectations. “It is to be seen whether the Central Government also offers similar benefit. However, the quantum of benefit granted is not the same as that promised in the past and hence the dispute to that extent may remain before the courts in case of few multiplexes. The State may consider extension of time to meet the deficit,” he said.How reimbursement worksAccording to circular dated December 3, the licence holders for the multiplexes/cinema theatres need to deposit the SGST (State Goods and Services Tax) collected from the viewers in State treasury. Within a month, by the pre-determined procedure and as per the allocated budgeted, the equivalent amount of the SGST collected from the viewers will be transferred in the account of the concerned multiplexes/cinema theatres. For all such units covered under incentives schemes before the application of GST regime and have incentive in the form of grants-in-aid, the amount of SGST deposited by them will be reimbursed as permissible on annual percentage basis.Various multiplex have different dates for the beginning of such incentives which will continue for five years. A senior State Government official said under the new mechanism, effort is to ensure commitment for the period as promised during the pre- GST regime. Earlier, the Rajasthan Government, in its new policy, decided to refund 50 per cent of the State GST collected on tickets to multiplex owners, who were promised exemptions. Uttar Pradesh SHARE SHARE EMAIL COMMENTSlast_img read more