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Granger responsible for greatest destruction of rural wealth

first_imgDownsizing sugar…Long-term socioeconomic impact inadequately quantified – AnalystBy Samuel SukhnandanAs Government’s decision to downsize the local sugar industry starts to take effect, many people within the sugar belt seem to have grown despondent, and all fingers are pointing blame at President David Granger and his Cabinet for creating one of the most devastating economic problems in recent times in Guyana, particularly in rural communities.Adding his voice to the mass criticisms that Government continues to receive is former Alliance for Change (AFC) executive and Guyana-born financial analyst Sasenarine Singh, who opined that the President has supervised one of the “greatest destructions of rural wealth in the history of Guyana.”“The consequence will be national. All Guyanese will suffer. The fallout from this is now beginning to happen yet. But when it begins, we will all see a heavy dose of hopelessness in rural Demerara and Berbice. And we will also see destitution in blocks in big parts of rural Guyana,” Singh explained.The outspoken financial analyst also feels that some point will be reached where “rural destitution” will be so pervasive that people will commit all kinds of social ills.Singh said he is afraid that Guyanese — particularly those directly affected by the downsizing and ultimate closure of the industry — may turn to not only suicide, but simple larceny, organised crime, and other social issues, which will escalate.He said, “The cost of this is a total deconstruction of the rural family. And with a deconstructed family, the children will suffer too, because they will not be able to move to the next level. It is a danger point that only Team Granger seems insensitive to.”Singh also made reference to new immigration plans being touted by the Donald Trump Administration, which is seeking to have the sponsorship of siblings removed from United States laws. He said this is another outlet that could be potentially shut by the US, and this will create a greater level of hopelessness for Guyanese, as fewer people will have alternative choices.While declaring that the destruction of the sugar industry started with the People’s Progressive Party/Civic (PPP/C) Administration when Dr. Rajendra (Raj) Singh served as the Chief Executive Officer of the Guyana Sugar Corporation (GuySuCo), the former AFC executive said the President, Prime Minister Moses Nagamootoo and Minister Khemraj Ramjattan did not deliver on the promise they made to people at Whim, Berbice during the 2015 election campaign.Singh recalled that the coalition had promised Guyanese that they would run the industry more efficiently than the previous Government. “They did not keep that promise. They lied to the people. It’s a patent dishonesty. What should have been done from 2015 to now was not done, as they tinkered around the real solutions,” he charged.While he commended the Government for launching a Commission of Inquiry (CoI) which, according to him, was extremely necessary to understand what was happening in the industry, the financial analyst said it is unfortunate that the CoI was incomplete; because one of the most fundamental things that were missing from that CoI was a list of proposed actions and the cost to deliver on that plan of action.”“It’s not there. That CoI report just basically gave you a list of problems. But you don’t fix anything by regurgitating problems. How you fix things is identifying the problems and then you give a list of recommended actions with a cost structure attached, and then you go find the resources to invent a solution,” he further stated.Singh said if Government could have funded the $9 billion loss and use monetary policy via the Bank of Guyana to curtail or curb inflation, the matter could have been properly addressed. “It’s a misconception of the Finance Minister (Winston Jordan). It’s either he doesn’t understand the theory or he doesn’t understand how an economy works, or wants to mislead the people.”If Government can find $9 billion to fund the operation of the Ministry of the Presidency, which has a smaller workforce compared to an entire industry; and $11B to fund the Guyana Defence Force, which has a staff of 1,900; then they should find that $9 billion for an industry that supports 17,000 families, he contended.“Their (Government) priority is totally out of order, and it’s a charade,” he opined.FailedOne of the major blunders of the Government in handling the proposed downsizing of the industry was its failure to communicate with the people in the sugar belt, Singh stated. “It’s 5,800 people now let go in total, and that is not a small amount of the working population. And it will have long-term socioeconomic adverse impacts that have not been quantified by the Government,” he argued.According to the former AFC executive, it would have made more economic and social sense to ask the CoI to move to another level and list out possible solutions with a cost structure around each idea, and then back that with an action plan with hard timelines.“This is how serious people in the real world fix big problems. But all I have seen from this Granger regime is bogus actions that mask heavy doses of deception and subterfuge with a fake commitment to fixing the sugar industry,” he declared.Singh, who has written extensively about the economics of sugar in Guyana, said that while raw sugar is dead, sugar-related products like ethanol, refined sugar, packaged sugar, and agro-energy are all profitable. The profitability of those elements range between 15 and 75 percent, he stated.“But the Granger Government seems focused on the production of raw sugar. What have they done from 2015 to now to carry the sugar industry up the value chain? Nothing! They consolidated the production of raw sugar, which consolidated the death of the industry,” Singh charged.Another recommendation Singh made was to identify within the value chain those non-value- added activities and cut them out. He noted there were cases in which senior managers of GuySuCo were allegedly stealing fertilizers and fuel. “Find them, hunt them down and chop them out of the business. That is how you do it. But (Clive) Thomas was wasting valuable time all along. You have to cut those things out first, and make some examples; and once you’re able to do that, you will be able to reduce the losses of the industry. Then you have to do a detailed cash flow analysis estate by estate, and then use these hard data to increment rightsizing of the industry. Not engage on this Alice in Wonderland journey that Minister (Noel) Holder seems to be on when it comes to the sugar industry.“Once you make that decision. You also have the back plan to support how and when you will pay things like severance pay. You would put in place a concrete retraining plan for the displaced workers; you would relocate workers, if needed; you would facilitate access to financing if they want to move to another form of employment; you would break down the market barriers for their new products in targeted markets like Trinidad and the Eastern Caribbean,” he added.While outrightly criticizing Agriculture Minister Holder for his handling of this issue, Singh described the Minister as a patent failure. “He is just focusing on the losses in the raw sugar production process, and has totally failed to recognize the powerful opportunities in the value-added sector of the sugar production business. He is a yesterday’s man. What you have now on your hands is 5,800 families and their associate dependents like the shopkeepers who are now fiscally exposed.”last_img read more

Why Daniel and Majella’s first USA road trip was simply ‘gas’!

first_imgDaniel and Majella O’Donnell had a whale of a time on the first episode of their US Road Trip series.Viewers enjoyed the adventures just as much as the O’Donnell did when the new series aired on RTE last night.Sunday’s programme saw the celebrity couple beginning their trip deep through the Mid-West of America. The ever-game couple embraced a number of exciting adventures in Milwaukee and Wisconsin. But one particular activity left viewers in absolute stitches.Daniel and Majella got suited up to head out on the lakes with the Mad City Water Ski Team. Poor Daniel had to overcome his fear of water, but Majella’s experience was simply ‘gas’.“I’m full of wind I’m so nervous,” she warned, as she climbed on the shoulders of a big burly waterskier.Viewers lost it when Majella let out a surprise! https://twitter.com/Kiks31/status/1104863805115416576Oh my god thought I was going to die laughing between majella farting and Daniel face , the smoke alarm being used as a timer ,perfect viewing on a Sunday can’t wait to see next week , fun!!! #DanielandMajella— laurapierce (@mogerley) March 11, 2019It seemed that toilet humour was the theme of the day.Daniel and Majella also visited superfan Helen Lynne, whose home is packed with Daniel merchandise.There were so many Daniel faces throughout her home, but nobody expected to see his photo on the toilet seat cover!Daniel’s reaction was priceless: “Aw holy God,” he exclaimed.“That is a sight.”“Oh ho!”“I’d never expected to see myself on a toilet seat.” Viewers enjoyed all the fun and fandom of the feel-good episode. Online commenters were full of praise for Daniel and Majella’s enthusiasm for every activity.#DanielandMajellaUSARoadTrip @RTEOne Glued to Daniel & Majella’s USA Road Trip on RTÉ. What a wonderful down to earth couple!! A great adventure & super production!! Can’t wait for the next episode 😀.— Ger (@GerGerfaf) March 10, 2019Anyone else enjoying the complete break from reality that is Daniel and Majella’s roadtrip? Don’t like his music but I love how grounded he and Majella are. TV Gold ✨✨✨— Bláth McDonnell (@BlathMcD) March 10, 2019https://twitter.com/orlaghmcclinton/status/1104869527354048512The good news is that they’ll be back again next week for some Halloween themed antics!Why Daniel and Majella’s first USA road trip was simply ‘gas’! was last modified: March 11th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:daniel o donnellMajella O’ DonnellTVusa road triplast_img read more

Raiders game-by-game glance: From Seattle in London to a biggie against Pittsburgh

first_imgBreaking down the Raiders’ schedule, one game at a time…Sept.10vs. Los Angeles Rams (7:20 p.m., ESPN)The Rams are one of the favorites to win the Super Bowl. The Raiders … are not. This is a solid measuring stick to open the year.Sept. 16@ Denver (1:25 p.m., CBS) The must-watch in this game is the punts, where Marquette King will face his old team. Bruce Irvin has tweeted his desire to play punt team (Psst: He doesn’t like King). We can only hope it actually happens.Sept. 23@ …last_img read more

SA’s science & technology decade

first_img24 January 2005From mosquito-repellent candles to the Southern African Large Telescope, developments in science and technology in South Africa’s first decade of democracy have put the country on the international map, according to a new book.The book, a high-quality coffee table edition entitled “Science and Technology in South Africa: Progress and Achievements in the First Decade of Democracy, 1994-2004”, was written and compiled by Graeme Addison, a veteran journalist and author of a three-part compendium of science books.Sponsored by the Department of Science and Technology, the book is bristling with achievements in science and technology over the past 10 years, bursting with fascinating photographs, and written in an easy-to-read-and-absorb style.After the obligatory foreword and introduction from the politicians and bureaucrats, this A4 landscape publication is easy to tackle – sidebars focus on researchers and their projects, while the main text moves through the country’s exciting technology developments in a style not bogged down by jargon.The book considers SA’s inventiveness – typified by Pratley’s Putty, the glue that was sent to the moon – and the country’s leadership on the continent, typified by “Africa’s giant eye” or SALT, the Southern African Large Telescope, the largest and most powerful optical/infrared telescope in the southern hemisphere, capable of seeing objects a billion times too faint to be seen with the naked eye.The book consists of five parts: assessing South Africa’s achievements in science and technology; looking at old and new generations in the field; new frontiers; science and technology for sustainable development; and finally, stepping stones to the future in science and technology.Driver of changeAccording to Addison, science and technology is a crucial driver of change in South Africa: “[T]he momentum for change, with science and technology as a leading component, is not only sustainable, it is accelerating.”At the same time, the book acknowledges that the legacy of apartheid is still felt in the dominance of ageing white male scientists, a situation that is changing at an appreciable pace.In a 2001/02 survey of SA’s science councils, research and development staff from disadvantaged groups had increased from a low base of 7.3% in 1994 to an impressive 45.6% of the total.The book profiles several emerging young scientists, and it’s heartening to see quite a few black women scientists featured.The range of projects the Department of Science and Technology is involved in is impressive and wide-ranging: biotechnology, information technology, technology for manufacturing, natural resource technology, and technology for poverty reduction.The chapter on science and technology for sustainable development looks at traditional medicine research, mosquito-repellent candles (based on an indigenous plant used by traditional healers), HIV vaccine research, and agricultural research – including rural business initiatives like beekeeping technologies and essential oils processing.SA takes the lead in AfricaThe final chapter in this 171-page publication focuses on South Africa’s lead in Africa as the “powerhouse of the south”, with the message that the country will work “for all the countries to its north if we approach them with an attitude of humility and the objective of achieving mutual benefits”.In 2003 the African Laser Centre (ALC) was established in Pretoria, bringing together scientists from Senegal, Egypt, Tunisia, Algeria and Ghana, acting as a catalyst for the transfer of laser technologies into Africa.Laser technology affects a number of fields relevant to Africans: cataract surgery, glaucoma and cancer treatment, and the detection of TB. Lasers also monitor plant stress levels, an important factor in improving crop harvests and pollutants.Another project the department is actively backing is South Africa’s bid to host the Square Kilometre Array, which will be the world’s biggest and most costly telescope, at a billion dollars.The project, involving some 34 institutions in 15 countries, will unfold in two phases: the demonstrator phase until 2007, and the final construction phase beginning in 2011, with final completion set for 2020. Final selection of the site is due to take place in 2006‘We were living in a desert for science’The book concludes: “South Africa’s international profile in science and technology has grown remarkably in the first the years of democracy.”Previously, science and technology was used in “wrong ways” – equipping South Africa to become a nuclear power and military hardware exporter. Now it is on a different course, working for the benefit of the whole country.In the words of scientist Mike Wingfied, director of the Forestry and Agricultural Biotechnology Institute at the University of Pretoria: “We live in the most wonderful place to do science, and the Department of Science and Technology needs a huge compliment as well as our support.“We were living in a desert for science. Obviously not everything is yet in place – more must be done to cultivate black graduate students – but science is being well promoted, and the results are showing in recruitment to the sciences.” Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

Photo library: Countryside 6

first_img{loadposition tc}Click on a thumbnail for a low-resolution image, or right-click on the link below it to download a high-resolution copy of the image.» Download Countryside contact sheet (1.6MB) » Download full image library contact sheet (10.5MB) Northern Cape province: A dairy farm in the Vaalharts Irrigation Scheme region. Photo: Graeme Williams, MediaClubSouthAfrica.com » Download high-res image Northern Cape province: The Northern Cape roads stretch out ahead for as far as the eye can see. The landscape is often flat with patchy desert vegetation. Photo: Graeme Williams, MediaClubSouthAfrica.com » Download high-res image Northern Cape province: The Northern Cape roads stretch out ahead for as far as the eye can see. The landscape is often flat with patchy desert vegetation. Photo: Graeme Williams MediaClubSouthAfrica.com » Download high-res image Northern Cape province: Statue of a Dorper sheep on a Karoo farm. Sheep and goat farming dominate the region. Photo: Graeme Williams, MediaClubSouthAfrica.com » Download high-res image Northern Cape province: Water pumps are a common sight in the often flat and dry landscape. Photo: Graeme Williams, MediaClubSouthAfrica.com » Download high-res image Northern Cape province: Water pumps are a common sight in the often flat and dry landscape. Photo: Graeme Williams, MediaClubSouthAfrica.com » Download high-res image Northern Cape province: Isolated rainfalls create small waterholes which enhance the landscape and provide drinking holes for the animals that roam here. Photo: Graeme Williams MediaClubSouthAfrica.com » Download high-res image Northern Cape province: Camels thrive in the dry semi-desert Karoo.Photo: Graeme Williams MediaClubSouthAfrica.com » Download high-res image Northern Cape province: Camels thrive in the dry semi-desert Karoo.Photo: Graeme Williams, MediaClubSouthAfrica.com » Download high-res image COUNTRYSIDE 6: {loadposition cs}Having trouble downloading high-resolution images? Queries about the image library? Email Janine Erasmus at janinee@mediaclubsouthafrica.com.last_img read more

Vodacom launches ‘hosted call centre’

first_img14 July 2010As call centres continue to expand in South Africa, Vodacom has teamed up with two other technology firms to launch a hosted call centre product suite that enables customers to get on with their core business, knowing that their IT infrastructure and call centre operations are taken care of.The Vodacom Business Data Centre has been developed by Vodacom Business together with Presence Technology, a global software provider of a modular based, all-in-one call centre solution suite, and call centre service provider INOVO.“IT operations are a crucial aspect of any company’s operations,” Vodacom Business managing executive Ermano Quartero said in a statement last week. “One of the main concerns is business continuity; companies rely on their information systems to run their operations.“If a system becomes unavailable, company operations may be impaired or stopped completely. Our hosted call centre product suite ensures that a company can continue to run without having to worry about their IT infrastructure and call centre operations.”Centrally hosted platformWhile call centre suppliers only offered traditional premises-based call centre solutions up to now, the new service now offers a centrally hosted call centre platform in the world-class Vodacom Business Data Centre as an on-demand, operational expenditure based, modular call centre solution.The Presence Suite includes various modules, including inbound, outbound, recording, scripting, messaging, reporting, interactive voice responses and intelligent routing.The hosted call centre services have been expressly designed to simplify management of call centre activities, maximising the productivity of call centre agents allocated to inbound and outbound campaigns, whether voice or multimedia.Expansion as requiredSkills-based routing to the appropriately experienced agent is integrated into the product thus enhancing both the agent and customer experience. In addition, during business peak periods, call centre supervisors can add extra agents and modules “on the fly” and scale them down when required.In order to leverage the reliable hosted call centre technology, call centres can be accessed through telephone, fax, SMS or email.Call centre growthQuartero said that, according to research, the number of contact centre agent seats in South Africa would grow by 74% over the next five years. Currently, 90% of call centres deployed in South Africa are below 250 seats, of which a large majority would consider hosted call centre solutions.Quartero said the cost of setting up and running call centre infrastructure was prohibitive. “By making use of the Vodacom Business hosted call centre service, our customers get increased customer satisfaction, product flexibility and scalability, as the product provides superior customer service at a price that is competitive for local and global organisations.“The drive towards offering an operating expenditure costing model ensures that Vodacom Business and our business partner INOVO gives us and our customers a competitive edge in the market, where a large majority of call centres are sold as an capital expenditure model, requiring large capital outlay.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Durbs on list for New7Wonder Cities

first_imgDurban mayor, James Nxumalo believes it is a fantastic achievement for Durban, to be positioned amongst other leading global cities of the world.The Moses Mabhiba stadium with its distinctive arch that has reshaped Durban’s skyline.(Images: Durban Tourism)MEDIA CONTACTS• Mayasree MoodleyMarketing and PR Officer, Durban Tourism031 322 4169Melissa Jane CookDurban is a natural paradise, known for its lovely beaches and subtropical climate. Now, its many treasures have seen it nominated as a New7Wonder City.It pits its considerable charms against metropolises such as romance capital Paris, frenetic New York and the neon fantasy of Tokyo.Durban is the largest city in KwaZulu-Natal in South Africa. It is part of the eThekwini metropolitan municipality, created in 2000, which includes Durban and surrounding towns. eThekwini in Zulu means “bay or lagoon”.“To be positioned amongst other leading global cities of the world, proudly shows the commitment and competitive edge of our city as a leading tourism, events and business destination,” says Durban mayor, James Nxumalo.He said the achievement was a great honour. “The city is built around one of the busiest ports in Africa and our people are our pride. We have recently been voted as the friendliest city in South Africa and this is partly due to our rich cultural diversity that includes a rich tapestry of African, eastern and western Influences.”Protecting urban and natural heritageEstablished in 2001 by the Swiss-born Canadian filmmaker, author and adventurer, Bernard Weber, the New7Wonders Foundation aims to promote protecting the world’s human-built and natural heritage and to foster respect for the planet’s diversity. The initiative kicked off with the New7Wonders of the World, choosing from a selection of 200 existing monuments.Its latest venture, the New7Wonders Cities, announced its 28 official finalists on Monday 21 October, with Durban making a splash.“The competition highlights the move toward mass urbanisation as the Earth’s population grows. According to the UN (United Nations), population growth will exceed 10-billion by 2083, and most [of these people] will be in cities.“Dramatic urbanisation is radically changing the social, economic and environmental landscape of our planet. Our world has entered an urban era where cities are defining the future of humanity,” says Eamonn Fitzgerald, head of communication at New7Wonders.eThekwini’s wide appealDurban’s lauded attractions include the Moses Mabhida stadium, which hosted Fifa 2010 World Cup matches; uShaka Marine World, one of the largest aquariums in the world; and the International Convention Centre (ICC) – the leading conference centre in Africa. The city is also a gateway to national parks and historic sites; Kwa-Zulu – home of the amaZulu (the people of heaven) – and the Drakensberg mountain range.“The City of Durban is an elegant, mature and ambitious city. It is a trendsetter in offering great lifestyle, speckled with adventure activities, blessed with natural beauty and is an astonishingly liveable city,” says Phillip Sithole, head of Durban Tourism.He adds, “As a visitor, you are faced with the perfect ingredients to make your holiday unique and special. Whether you here as a business delegate or a leisure traveller there is something special that will capture your heart forever.”eThekwini municipality councillor, Rick Crouch, says, “This is great for Durban and we as Durbanites should be proud that we were even nominated. We have a great city here and the world at large should know it. All Durbanites should be encouraged to vote and support Durban, the vacation capital of South Africa.”The city was also ranked ahead of Johannesburg and Cape Town as the country’s friendliest capital in the 2013 Anholt-GfK Roper City Brand Index™, which assesses 50 cities annually.A city at its bestWeber praised the diversity of the finalist cities as “extraordinarily stimulating as regards the past, present and future of urban life”.He says the remarkable New7Wonders Cities long list reflects the energy and culture of a city at its best.“United in their commonalties, and varied in their forms, cities remind us of the possibilities of civilization when, for the first time in history, more than half of the world’s population live in cities.”He hopes that the New7Wonders Cities campaign will generate debate about the challenges cities face and how they are responding to them.The official New7Wonders Cities will be revealed on 7 December 2014.last_img read more

Japanese beetle in corn and soybeans

first_imgShare Facebook Twitter Google + LinkedIn Pinterest We have been hearing reports of Japanese beetles in corn and soybean.  These beetles are large with a shiny copper and green color.  Foliage feeding in corn is almost never economic, though economic damage from silk clipping is possible (though rare).  Consider a rescue treatment when  silks are clipped to less than half inch and, fewer than 50% of the plants have been pollinated, and the beetles are still numerous and feeding in the field.Japanese beetles will also feed on soybean foliage.  Defoliation guide for soybean (University of Nebraska)While the damage might look startling, it is very rare that this reaches economic levels from Japanese beetle.  A rescue treatment is advised when defoliation levels reach 30% in pre-bloom stages, and 20% in bloom to pod fill.  These defoliation levels apply to the plant as a whole, not just certain leaves.   A visual guide to defoliation is useful because it is very easy to over-estimate defoliation in soybean.  If there are other foliage-feeding insects present in soybean the same percent defoliation guidelines can be used for all of them collectively.last_img read more

Perfect Balance Makes the Cut

first_imgReturn-Air ProblemsThis New Door Design Solves an Old ProblemReturn to Sender – HVAC Return Pathway OptionsNew Green Building Products — March 2011An Easy Retrofit for Return AirAll About Furnaces and Duct Systems This performance means that Perfect Balance meets either of the two Enterprise Green Communities Single Family Rehab Specs for pressure relief (6339 or 6340).Nelson Warner, VP of Research and Development at Tamarack, says that if the room is large and has too much supply air delivered for just one Perfect Balance to provide the required pressure relief, some users have added a second Perfect Balance at the top of the door, even adding some convective (high-low, warm-cool) air transfer to the room.Light and sound transmissionI asked Nelson Warner if he had any results from third-party standardized testing of sound transmission on Perfect Balance.“No, we don’t have that type of test information,” he reported. “But I can tell you two key results from field testing we have conducted. One, the fit of the door and particularly the type of flooring surface on both sides of the door has the most impact on sound transmission. And two, when we measure sound transmission before and after installation of Perfect Balance, we get essentially the same results.” In other words, Perfect Balance will not improve the sound performance of the door, but it won’t erode its performance either.And because Perfect Balance has a filter insert between the two surface grilles, light transmission is not significantly different before and after installation of Perfect Balance.What about cost and availability?The Perfect Balance grille is simple to install and comes with a lifetime guarantee. At $29 (plus shipping) , Perfect Balance is surely cost competitive with the alternatives for new construction and far cheaper than any alternative (except a 1.5+ inch door undercut, an approach that comes with big-time privacy and aesthetic issues) for retrofit.Tamarack Technologies is a relatively small but innovative company in Massachusetts; since their products are all made in the U.S., they ship the same day the order comes in. Tamarack currently works with several builders who order hundreds of Perfect Balance kits at a time, with Tamarack shipping their Perfect Balance kits to the manufacturer of the builder’s interior doors. That way the Perfect Balance units are installed at the door manufacturer’s facility and the doors are ready to go at the job site. In a past blog (“Return to Sender – HVAC Return Pathway Options”), a posted comment by GBAdvisor Mike Guertin introduced a new option for returning delivered air from rooms with closed doors, the Tamarack Technologies Perfect Balance. Perfect Balance is a grille and filter system installed into a cutout at the bottom of interior doors. Mike planned to install Perfect Balance in a number of rooms in one or more of his rentals and let us know what his tenants thought of them.Guertin does some field testingSo, I checked in with Mike recently. “I have not heard anything back from my tenants; I guess no news is good news,” relates Mike. But Mike went one better: he tested door undercuts against Perfect Balance and reported on their performance in a Fine Homebuilding blog. The Tamarack Perfect Balance did a perfectly fine job of relieving pressure in rooms supplied but not returned with a forced-air system. In fact, Mike’s field testing came pretty darn close to the numbers cited on Tamarack’s website: 3 Pascals pressure difference while delivering 250 cubic feet per minute (cfm) of air flow. RELATED ARTICLES last_img read more

How Fintech Can Help Startups Grow Faster

first_imgFintech has proven invaluable in the startup world. When you’re starting from scratch, you need all the help you can get, and fintech solutions quickly come to the rescue. Thanks to these financial services, many a small business has begun to thrive. Let’s take a closer look at how technology has simplified the financial matters for initially small ventures.Loans and lendersHardly any startup is completely satisfied with its finances the moment it begins to operate. There are plenty of challenges ahead which could easily be solved by a quick bank loan. While in the old days even qualifying for the loan meant walking from one bank to the other with tons of paperwork, nowadays the whole process is much simpler. You can be only a few clicks away from having your credit score estimated, or your loan pre-approved. For starters, just find an online loan calculator. Time is money, and this is extremely time-saving. Also, it is much easier to gain a better knowledge of the different offers and compare them before taking the plunge.Overseas feesAll entrepreneurs shiver at the very thought how much they had to pay to credit companies when they were doing business with overseas clients. Let’s admit it, no one likes wasting money on high transaction fees, and that had to come to an end. With services such as PayPal, more money can be spent on “what matters,” and that is investment growth.Instant invoicingThe most dreadful situation for every startup is the period when you are entitled to the money for your services and products (as they have already been delivered), but you are still waiting for the clients to pay the invoice they have received. Today, however, a startup can choose to finance the receivables instantly. Professional investors can be invited to finance the invoices for a negligible fee, while the startup decides which invoices it wants to see financed, i.e., how much money it wishes to collect.Satisfied customersAutomated billing processes will increase efficiency and accuracy. It can also improve customer experience to reduce churn. For instance, automated emails on a comprehensive billing platform can handle payment reminders, declined card notifications, renewal notices, etc. Good subscription management software will contribute to your bottom line by reducing revenue leakage and handling complex compliance issues like revenue recognition. In short, a robust fintech billing solution ensures seamless cash flow, scalability, revenue growth, and improves customer satisfaction.CybersafetyAnother advantage of fintech is the fact that it has also raised the bar when it comes to cybersecurity. Since fintech has made all the payment processes much simpler and faster, it is only too luring an opportunity for hackers. That’s why cybersecurity has been strengthened, and methods such as fingerprint and voice recognition are no longer reserved for spy movies.Financial overviewOne of the biggest advantages of fintech is the fact it gives the owner an opportunity to be fully aware of how the company financially stands at the moment, instead of waiting for the monthly reports. As well as that, fintech services make it possible not to oversee the bills which are due. Admittedly, every small startup struggles at the beginning with paying regular bills and tends to delay the inevitable long enough to get hold of the expected revenue. Unfortunately, it so happens that the deadline is passed, which calls for some extra fees. Nevertheless, fintech gives out timely warnings.To summarize, fintech has greatly influenced the lives of both business owners and their customers, but in a great way. It makes the business run smooth, enabling the startup to tackle the challenges successfully and evolve into a bigger company. As for the downsides, perhaps the only one would be that it may become hard to keep track of the latest fintech solutions, which are constantly appearing, and differentiate among the best. What it Takes to Build a Highly Secure FinTech … Milos Mudric Milos Mudric is a content specialist and tech enthusiast. He is the founder of Silver Fox Digital and SEObrainiac.com and he occasionally writes interesting stories about Blockchain, IoT and Fintech. Related Posts Tags:#Fintech#growth 6 User-Interface Musts for Personal Finance Apps The Rise and Rise of Mobile Payment Technology The Top 5 Issues Faced by Futuristslast_img read more