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Samsung said to sell its own refurbished smartphones in 2017

Samsung is looking to sell its own refurbished devices in order to make money on its premium smartphones a second time around, according to Reuters. The company will introduce a refurbished device sales program as early as next year, according to Reuters source, and will use inventory provided by customer who sign up to a year upgrade program in markets where its offered, including South Korea and the U.S.

Selling refurbished devices to give them second life as revenue drivers is nothing new Apple has an extensive refurbished devices storefront, which typically begins to offer refreshed and remanufactured hardware a few months after the original introduction ofthe original, brand new product.

Devices that are re-sold by a manufacturer as refurbished typically get an all-new external casing, as well as new components if there were an issue. Some of the goods likely never had any issues to begin with; as soon as a buyer opens the shrink-wrap on a product, its likely going to be sold as refurbished.

If Samsung gets into the refurbishment business, it could help the company delivery premium devices at less than premium prices, especially because it seems like customers are increasingly willing to keep their devices for longer and find fewer reasons to upgrade every year. Reuters notes that there is a chance refurb models at a discount could cannibalize sales of new devices, and fewer distinctive features or technology upgrades between generations could worsen that effect.

Still, Samsung has a deep bench in terms of smartphone offerings, and being able to double-dip on revenue on a decent percentage of them, especially in cost-conscious markets, is a big carrot to recommend the plan. Details of the plan, per Reuters, could be ironed out by early 2017, meaning we might not have long to wait to see if Samsung goes down this path.

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How to make money as an online influencer | Startups.co.uk … – Startups.co.uk


Startups.co.uk

How to make money as an online influencer | Startups.co.uk …
Startups.co.uk
Could you be the next blogging or vlogging sensation? If you've got a knack for producing compelling content then this is the business opportunity for you…

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Low on billable hours? 5 reasons blogging may be the answer. – JD Supra (press release)


JD Supra (press release)

Low on billable hours? 5 reasons blogging may be the answer.
JD Supra (press release)
I started blogging. I figured out Twitter. That decision changed my life. If things are slow for you at your firm, blogging and writing quality content could get you out of the rut. Here are just five reasons why blogging may be the best activity you

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Wall Streets $40 Billion AT&T Pledge Offers Fees and Risks

Wall Street banks are writing some of their biggest checks ever to fund AT&T Inc.s takeover of Time Warner Inc. as they seek a bonanza of fees. But theres a dose of concern that the $40 billion loan pledge may get caught up in a regulatory impasse.

JPMorgan Chase & Co. has pledged $25 billion of the financing, with Bank of America Corp. providing the rest, according to a person with knowledge of the matter who asked not to be identified without authorization to speak publicly. Thats believed to be the most JPMorgan has ever promised for a deal, the person said.

The lending commitment gives the banks an advantage on bond offerings that would find willing buyers among yield-starved investors, analysts say. At the same time the banks face the risk that the deal, along with a chunk of their balance sheets, would be tied up if regulators delay approving it.

This could be an especially lucrative deal for the banking industry; theyre going to make a lot of money if the deal gets done said Bert Ely, a banking consultant at Ely & Co. The numbers on the credit piece look big, but Im sure the credit risk will be spread widely. The big uncertainty hanging over this will be the battle for regulatory approval and what lender protections are included if the deal fails.

T-Mobile Failure

A failed megadeal wouldnt be the first for AT&T. In 2011, the company abandoned its takeover of T-Mobile USA because of regulatory hurdles. JPMorgan had lined up $20 billion to finance that deal.

Taking on commitments to underwrite large deals helps JPMorgan maintain its top position in leading corporate debt deals in the U.S.

JPMorgan has occupied the top spot for managing dollar bond sales from highly rated companies since 2010, according to data compiled by Bloomberg. The bank has been the top provider of similarly rated loans for each year since 2005, Bloomberg data show.

To help finance this proposed deal, AT&T brought in Bank of America as its partner on Thursday, keeping the number of participants to a minimum until the announcement, the person said. JPMorgan intends in the coming weeks to syndicate most of the $40 billion loan to other banks that already lend to AT&T.

Bridge Loan

The loan is structured as an 18-month bridge deal, a type of financing that a borrower repays by issuing debt in capital markets. In the case of AT&T, most of the deal will be replaced by high-grade bonds, with a potential portion in the form of term loans, the person said.

AT&T said that its seeking to hang onto its investment-grade credit rating after the deal is completed. But the lenders themselves are taking on other risks by using their balance sheet resources, according to Charles Peabody, a bank analyst at Compass Point Research & Trading. 

That is dangerous because this deal could be hung up in antitrust wranglings for a long time, he said. JPMorgan and Bank of America wont be protected if credit markets swing and they cant sell the debt for what they had anticipated, he said. 

Jessica Francisco, a JPMorgan spokeswoman, and Thomas Rottcher, a Bank of America spokesman, declined to comment. AT&T, based in Dallas, didnt immediately reply to an e-mail and calls on Sunday.

The deal caps AT&T Chief Executive Officer Randall Stephensons vision to expand the company into media and entertainment as its wireless business matures. Gaining premium cable channels HBO, CNN and the Warner Bros. studio means AT&T becomes a content owner rather than just a distributor of video.

Yield Hunger

For debt investors, any financing backing the takeover would offer a juicy alternative to the more than $10 trillion of debt globally thats yielding less than zero, driven down by easy-money policies from Europe to Japan.

The investor base is starved for yield, said David Hendler, founder of Viola Risk Advisors and a veteran bank analyst. This would be a good earning asset in a low yield world — which is very much in demand at the moment in the syndicate market. Banks are deposit-rich and looking to invest in loans.

The prospective deal has raised regulatory questions ahead of the U.S. election, as both the Democratic and Republican presidential nominees expressed suspicion of blockbuster deals. Hillary Clinton has been critical of big mergers and has called for reinvigorating antitrust enforcement while her opponent Donald Trump broke with Republican orthodoxy on Saturday by saying he would block the Time Warner acquisition, arguing that such deals leave too much power concentrated among too few companies.

If AT&Ts deal doesnt gain approval, it must pay a $500 million reverse break-up fee to Time Warner, according to a person with knowledge of the matter.

Bond Trading

Beyond collecting the fees that come from underwriting large takeovers, banks also benefit from trading that debt in the secondary market. CEO Brian Moynihan pointed to Bank of Americas debt underwriting business as a reason for his beat last week in estimates for third-quarter fixed-income trading revenue. 

Wall Streets biggest investment banks have been taking a greater percentage of their overall revenue from issuing new debt and trading fixed-income products, which includes corporate debt, sovereign debt, currencies and commodities. Debt underwriting made up 11.3 percent of U.S. investment banks third-quarter revenue, about a percentage point more than in the same period two years ago, according to Bloomberg Intelligence.

U.S. banks relied on fixed-income underwriting and trading to propel 56 percent of their total investment banking business in the third quarter, a rise from 47 percent last year and 50 percent two years ago, Bloomberg Intelligence data show.

These guys are fairly anxious to generate fee income. This is an area where you can make money very quickly. And very big money, said Compass Points Peabody. 

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6 Dark Secrets YouTube Doesn’t Want You To Know

YouTube is the most fun you can have on the internet without committing crimes of wildly varying severity, providing billions of hours of user-generated entertainment for pretty much everyone on the planet. But you don’t get to be what is essentially an entertainment monopoly without screwing a few people along the way, and as much as we all love the ‘Tube, they aren’t above doing some jacked-up shit to stay on top. For instance…

6

They Will Put Ads In Front Of Videos Made By Actual Nazis And Terrorists

YouTube might have revolutionized video content, but in order to make any money, it still relies on commercials the same way broadcast networks have had to for the past half century. But to offer advertisers the most bang for their buck, those commercials have to run across the entirety of YouTube. Which means that perfectly normal ads for air freshener might show up on a video that’s just 12 minutes of a dude in his basement plotting the second Holocaust.

Because of the site’s convenient (more on that later) adherence to free speech, a lot of hatemongers have found a home away from their shitty, victory-less lives on Youtube. But even though these idiots mostly parrot the same four thoughts bigots have been spouting since the Iron Age, YouTube still counts them as original content, meaning they qualify for ad support. This can result in nice big businesses unintentionally associating themselves with extremists, like when the Marie Curie charity appeared in front of videos supporting ISIS and al-Qaeda. We’re not sure who was more offended by that partnership.

But YouTube’s doing everything to stop this, right? After all, its rules specifically state that “We do not permit hate speech.” But then how do you explain that someone like David Duke, former Grand Wizard of the KKK and occasional political embarrassment, can upload a video claiming “the Jews” are “organizing a white genocide,” and YouTube refusing to remove it? The company even admitted that the video was “anti-Semitic, deeply offensive, and shocking.” But then again, YouTube benefits from everyone who visits their site, even hateful, racist dopes. It’s insane how many videos pop up if you search “Hitler Was Right” with view counts that would make TV executives drool.

So the ones that are “just on the borderline” — which is how Google spokesperson Peter Barron described the musings of the former Head Racist of America — get a pass long enough for every neo-Nazi to hum the Mercedes-Benz ad tune in their sleep. YouTube will eventually delete the outright threatening videos, but the company has not put any regulation in place permanently dealing with these violations, meaning YouTube will happily profit from hate speech right up until it stops being profitable (read: when too many advertisers complain).

However, after serious governmental and corporate pressure, including threats to pull advertising, one Google executive was trotted out to apologize for allowing ads to run in front of hate-speech videos, promising to make it easier for advertisers to choose not to associate with the hate-speech videos YouTube will continue to let exist on its website.

And yet …

5

YouTube Will Censor Videos Featuring Everyday Conservatives And LGBT Performers

YouTube is a bit like the bad part of town after dark, in that you’re only ever a few wrong turns away from being talked to by a hooker or a psychopath. There’s little stopping your child from accidentally stumbling onto a Pickup Artist video when they should really just be watching the same Disney music video a thousand times in a row.

That is why YouTube has a “Restricted Mode” which filters out all content decent everyday people would find inappropriate — like drugs or bad language.

Or gay people.

YouTube’s restricted mode is an opt-in filter for people or organizations wishing to prevent their environment from ever hearing anyone say “fuck.” However, a portion of Restricted Mode’s algorithms take into account community flagging. Basically, if enough people don’t like a video that has even the slightest whiff of a controversial thought, they could “flag” it and have it suppressed by the morality bots. This can (and has been known to) include videos from conservative commentators, second-wave feminists, or even normal-ass law professors such as Alan Dershowitz discussing the legal controversies surrounding the founding of Israel.

But it’s not just boring people talking about boring politics that Restricted Mode mercilessly hunts down like a shit Terminator. YouTube has also cracked down on even tangentially LGBTQ videos, like a truly shocking video of a lesbian couple reciting their wedding vows. YouTube had warned the filter would include videos related to sexuality, but simply having a gay person in the video was enough to get entire channels punted out of Restricted Mode searches, leaving some LGBTQ members to ask “is it our dancing?”

Again, after the backlash meter was appropriately filled, YouTube apologized for what they said was a mistake, admitting that the “feature wasn’t working as it should.” In the future, it will make it easier for people to restore wrongfully restricted videos, which will probably lead to the type of controversy tug-of-war that will make those videos an epilepsy threat.

4

Exploiting Children Is Big Business On YouTube

Kids will watch just about anything with bright colors or cool toys and they will watch the same stuff over and over. Which is why a) they’re really boring to talk to and b) videos like these are the most popular things on YouTube:

Those billions of views only make up a small slice of the domain of the new YouTube royalty: people who make videos for toddlers (and who are often themselves toddlers). Like this Ryan ToysReview guy, who was three years old when his channel started. Like the baby version of a Let’s Play video, Ryan’s mom (who wishes to remain anonymous while showcasing her son’s entire life online) films him “reviewing” toys by playing with them. At least, that’s how it started. By now, Ryan is reviewing dozens if not hundreds of toys each video, thereby maximizing the appeal to millions of kids who just want to look at toys, barely having time to hold time before mouthing his scripted pleas for more subscribers.

And before you think this boy is being spoiled rotten, his mother is quick to remind critics that most of the toys are donated to charity, meaning Ryan doesn’t even get to have the toys he’s shilling to pay off his mom’s mortgage. “He loves making videos,” she disclaims in the same way a SeaWorld trainer will disclaim that the dolphins love jumping through hoops.

As we said, kids will watch these kinds of videos a million times in a row — and that includes the paid advertisements. This has led to a new breed of child “entertainer” (often children themselves) who are richer than any of us could ever hope to be. YouTube’s most popular channels are dominated by videos aimed at children, and in 2016, 20 of the top 100 channels showcased kids’ toys. The biggest channels, like Ryan’s, collectively generate 4.5 billion views per month and can make as much as a million dollars a month from ad revenue alone. That’s not to mention the encouragement they get from toy manufacturers, who are just so gosh darn grateful they get to circumvent labor laws by having someone else exploit kids for them.

3

YouTube Is Notorious For Screwing Over Artists

The internet is an awesome place for creative types. It’s a platform providing unprecedented access to potential audiences, and total amateurs can become huge stars with a little luck and a lot of hard work. However, the internet also has a lot of sophisticated ways of making sure these creative people never earn a dime for their efforts.

YouTube
“But you’re getting exposure.”

YouTube is on another level, though. They’re almost industry leaders at screwing over musicians. Several high-profile recording artists like Paul McCartney, Radiohead, Taylor Swift, and U2 have demanded that YouTube crack down on the many videos illegally hosting their music. This fight has been going on for a decade now, with Prince threatening to sue the pants off YouTube back in 2007, saying, “They are clearly able to filter porn and pedophile material, but appear to choose not to filter out the unauthorized music and film content which is core to their business success.” If Prince died hating your guts, that’s worse karma than a million mummy curses.

But these well-established old timers care more about the principle than the money (with the notable exception of U2). For up-and-coming talent, YouTube isn’t as much Fagen with his pickpockets as fat Mr. Bumble refusing them a decent serving of gruel. If you put together some really solid content and get signed on as a “YouTube Partner,” you have the chance to make a little bit of money. And by “a little bit of money,” we mean literal pennies. According to some sources, a video with one million views is worth a paltry $65. To give you a comparison point, for as much as “big” artists complain about Spotify, they pay out a solid 18x more than YouTube per user every year. Worse, it’s almost totally arbitrary how YouTube arrives at the number they’ll pay somebody. A video that pays $2 to a video host may pay $0.20 to another video with similar view counts. Still, you’ll be warmer recording in front of your computer than busking out on the street — until your heat gets turned off because the gas company doesn’t accept “likes” as a form of payment.

2

YouTube Heavily Rewards Quantity Over Quality

You ever wonder who picks all those “recommended for you” videos YouTube coyly encourages you to click on? Well, when a channel reaches a certain point (5000 subscribers), a YouTube algorithm will begin to promote them and try to find new subscribers. It’s win-win — the channel gets a boost to their view rate, and YouTube gets viewers to spend even more of their coffee break on the site.

YouTube
“Hey Amy, want to come to lunch with us?”
“No, I’ve got some work I need to catch up on.”

But YouTube cares about more than a channel’s popularity. The site is now actively competing with TV to see who can destroy this generation’s attention span the most, and they can’t feel like they’re winning unless people spend as much time online as they do in front of the tube. In order to achieve this goal, YouTube has its “Watch Time” metric. Before, a channel was rewarded mainly for having lots of views (obviously). Now, the algorithm places more value on channels that upload videos with a long runtime, and do so frequently. This massive mudslide of content assures that viewers can stay glued to the channel for hours on end. In other words, bad news for highly produced, labor-intensive content, and good news for people who can churn out three-hour videos by just sitting in front of their laptop in their pajamas.

YouTube
“We can’t leave now! I’m invested!”

This new approach is especially harmful to creators like animators, according to famous YouTube animator Ross O’Donovan AKA Rubber Ninja. Animators generally spend days or even weeks making videos that are only a couple of minutes long. In that time, bigger channels and YouTube personalities can churn out dozens of hours of content. With the focus on the expanded Watch Time, not only do animators get less exposure from posting their stuff on YouTube, it also is making them poor — well, poorer. The best-paying advertisers are also distributed via Watch Time, meaning each individual click is worth less to someone like Rubber Ninja. Soon, there will be no more animation left on YouTube and we’ll have nothing else to stare at than boring real people and their boring fleshy faces.

1

The System Is Designed To Lock People Into Insane Contracts

With YouTube, it has never been easier to become famous. Plenty of people have done it sitting in the least messy corner of their bedroom. Every day, more naive, inexperienced YouTubers step off that digital bus, hoping to make it big on the smartphone screen. Fortunately, YouTube has taken many precautions to assure that these young “talents” are treated with fairness and openness and — we’re kidding, they’re exploiting these kids just like every entertainment industry since mummers were a thing.

Just like old-timey Hollywood and Motown studios, YouTube has a tendency to strongarm its creators into taking deals that are significantly worse than anything you’ll get roped into at a used car lot. Many young adults, with their summer job experience and knowledge of corporate law gleaned entirely from immediately clicking “Agree” on the updated iTunes End User License Agreement, will say yes to just about anything that allows them to actually make money off of their YouTube videos. For example, when YouTube Red, the site’s paid subscription model, was launched, creators were told to sign on for its new revenue deal or have their videos hidden from public view until they did. When YouTube was criticized of bullying, they proudly proclaimed that 99% of it creators had agreed to the deal without making a fuss. That’s like refuting you’re a mobster by saying you only had to burn down 1 percent of the business you threatened.

And that organized crime mentality trickles down to YouTube’s networks (big channels with many content providers), who offer the kind of contracts even Satan would think are a bit one-sided. Take the story of Ben Vacas, AKA Braindeadly, who made World Of Warcraft videos. He got signed by Machinima, now an online corporate studio behemoth, but it was only after the Mont Blancs were tucked away that Vacas realized that any video he made would forevermore be owned by Machinima. There’s no expiration date on his contract. Rather than sacrifice his soul, Vacas has stopped making videos altogether. A similar cautionary tale was Ray William Johnson who, only eight months into his deal with Maker Studios, was pressured into changing his contract to give the studio nearly half of his earnings “in perpetuity.” The way the studio treated him was, quote, “a fucking nightmare, man.”

YouTube locks you down for life — literally. If a YouTube studio offers to “sign you,” then you have to either go with their insane contract, or risk never getting another video view again. Where else are you going to go to make money off of your content? It’s better to deal with the devil you know than Vimeo.

Isaac has no idea how to market himself. He’s also on Twitter and Instagram.

Join Jack O’Brien and Cracked staffers Carmen Angelica, Alex Schmidt, Michael Swaim, plus comedian Blake Wexler for a retelling of history’s biggest moments you didn’t realize everyone was drunk for. Get your tickets here.

Also check out 5 Crappy Sides Of YouTube Stardom No One Talks About and 6 Bizarre YouTube Genres That Are (Somehow) Hugely Popular.

Subscribe to our YouTube channel, and check out 6 Types of YouTube Videos That There Are Waaaay Too Many Of, and other videos you won’t see on the site!

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Kanye West Announces TLOP Tour & Explains Why ‘Can’t Nobody Ever Disrespect’ Kim Kardashian! See What He Said!

Kanye West is hitting the road once again!

On Tuesday, the Ultralightbeam rapper revealed he’s “working on” ideas for his upcoming tour set for this fall — in support of his latest album Life of Pablo!

Calling into Steve Harvey‘s morning radio show, Yeezy said:

“You know my tour game is strong. My tour game is unprecedented. So we’re going to go out in September, I believe, and we’re just working on some of the ideas right now.”

AH-Mazing! We can only imagine the abstract concepts Ye is cooking up during these brainstorming seshes!

Photo: Kanye Signed Lorde’s Cast At The Met Gala!

The artist explained that as he evolves in the worlds of music and fashion, his purpose is to inspire a younger generation by putting out “positive, positive, positive concepts,” adding:

“As I said before, I’m trying to literally inspire these kids the way Disney inspired me when I saw the original Star Wars.”

Disney didn’t make the original Star Wars — but we get what you mean, Ye!

But Kanye was just getting started on the real talk — he even dished on his Twitter beef with Wiz Khalifa earlier this year, explaining:

“You know how you would feel if someone was talking about your wife. Did I take it too far? You know what? I’m from 79th Street Chicago. I can’t say that if someone says ‘F you,’ I can’t say I’m not gonna say the exact same thing back.”

And as for why he gets so defensive over Kim Kardashian West, the 38-year-old explained that he had plenty of reasons to bow down to his wife.

Photo: Kanye Wore Silver Contacts Alongside A ‘Blingy Sexy Robot’ At The Met Gala

He gushed:

“She broke boundaries with fashion where designers weren’t trying to make clothes with women with shape, and now they’re all about embracing and empowering women. [She’s] empowering women in a matriarch society where women can make money. Like when she said, ‘OK my husband might have invested everything he had into fashion, everything he had into creativity for breaking boundaries, but I put the money in the account.’ All of those statements, means that can’t nobody ever disrespect my wife, period.”

Awwww!

Say what you want about his egocentric Twitter rants, but it sounds like Kanye is really trying to spread some positivity these days!

Take a listen to his full interview (below)!

[Image via WENN.]

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How to create a blog and make money from it too? – TG Daily (blog)


TG Daily (blog)

How to create a blog and make money from it too?
TG Daily (blog)
Gone are those days when people blogged once every two months to share their take on current affairs or NYFW collections. Blogging is no longer an optional hobby for the most of us. Many of us work part time or full time as professional bloggers. As a

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Blogger Spotlight: Food in Jars – The Daily Meal


The Daily Meal

Blogger Spotlight: Food in Jars
The Daily Meal
This week, we're proud to feature Marisa McClellan in the Blogger Spotlight, where we highlight a member of The Daily Meal's Culinary Content Network, a selected group of bloggers who write about food and drink.

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Tesla charges ahead to overtake Ford in market value

Elon Musks electric car company has been valued at $49bn, leaving the 100-year-old motor manufacturer lagging behind

One is an automotive titan that has built more than 350m vehicles in an illustrious history spanning more than a century.

The other is less than 15 years old and has never made a profit.

And yet a 7% surge in the value of shares in electric car firm Tesla on Monday saw it zoom ahead of Ford Motor Company, in terms of its stock market value.

As Wall Street closed for the day, Tesla, led by 45-year-old tycoon and futurist Elon Musk, was worth $49bn (38bn), compared with a paltry $46bn for the empire built by Henry Ford.

This astonishing overtaking manoeuvre says as much about the nature of stock markets as it does about these two very different carmakers.

The old cliche among stock market investors is that you should buy on the rumour, sell on the fact the idea that investment is more about what you expect to happen in the future than the current state of play.

And Tesla, investors believe, is the standard-bearer of a battery-powered future while Ford is the archetypal mass-production legacy car business.

Based in the Californian tech hub of Palo Alto, Tesla delivered 76,230 cars last year a fraction of Fords 6.65m.

It made sales of $7bn but a loss of $746m, while Ford recorded a $10.4bn profit after racking up sales of $152bn.

But fresh figures published this week, which cover the most recent three months, showed 70% growth in sales at Tesla, with 25,000 electric vehicles rolling noiselessly into the garages of their new owners.

Tesla share price

That sort of growth rate is what sent investors piling into Tesla shares, expecting a continued global push for greener cars to be the catalyst for converting notional value into concrete returns.

And if Musk is to to be believed, Tesla wont be slowing down any time soon.

The firms production targets are unprecedented in the automotive industry. Tesla has set a goal of building 500,000 cars in 2018 and Musk has even raised the prospect of doubling that to 1m by 2020.

Despite the setback of a fatal crash last year, when a Tesla on autopilot failed to tell the difference between the side of a white lorry and a bright sky, the company continues to make strides towards a fully driverless car.

Its new Model 3, slated for production this year, is intended to offer a more affordable version of previous models, with a price tag around $35,000.

If successful and it is being seen as a litmus test of the prospects for electric cars the Model 3 could supercharge Teslas growth by muscling in on the territory of mass market rivals.

The firm also has a potentially lucrative sideline in storage batteries for the home. The Powerwall is intended to allow homes to store solar power, and Tesla is also due to start installing its first solar roof tiles this year.

Tesla may be on a charge, but Ford is in particularly bad shape. It remains in the worlds top 10 auto firms and is also among the US Big Three alongside General Motors and Chrysler. But while Teslas sales are soaring, the 6.65m vehicles that Ford sold last year were just 16,000 up on 2015 sales. In the most recent quarterly update from Ford, sales actually fell.

The company that helped to build Detroit, often known as Motor City, sold 1.7m cars in the quarter, about 68,000 fewer than in the same period the previous year.

Musk was in the mood to gloat about Teslas comparatively rapid growth story.

Stormy weather in Shortville, he tweeted, a reference to traders who had been burned by shorting Tesla betting its results would disappoint and its shares would fall.

Elon Musk (@elonmusk)

Stormy weather in Shortville …

April 3, 2017

He gave short shrift to sceptical commentators, too.

Veteran technology journalist Walt Mossberg, now executive editor of media network The Verge, said on Twitter: I admire Tesla and @elonmusk, he said, but this is the billionth example of why stock market valuations dont reflect reality.

That, replied Musk, is precisely the point. He tweeted: Exactly. Tesla is absurdly overvalued if based on the past, but thats irrelevant.A stock price represents risk-adjusted future cash flows.

Elon Musk (@elonmusk)

@ForIn2020 @waltmossberg @mims @defcon_5 Exactly. Tesla is absurdly overvalued if based on the past, but that’s irrelevant. A stock price represents risk-adjusted future cash flows.

April 3, 2017

Michelle Krebs, a Detroit-based senior analyst with Autotrader, sounded a rare note of caution. Investors are betting on the future, which they think is promising and theyre looking at the stock to make big gains, she said.

But there will come a day that Tesla has to make money and the Model 3 is a test of that. It will make or break whether Tesla can be a volume manufacturer that appeals to a wide swath of consumers and whether it can be profitable or not.

One of the big risks that Tesla will face is increased competition. Everyone from General Motors with the Chevrolet Bolt to BMW and Mercedes are being aggressive on electric cars. They will face increasing competition as established players and upstarts come into the market.

But South-African born Musk doesnt really do caution. He bought into Tesla at an early stage after making his fortune through the development of tech businesses including PayPal, which made him $165m when it was sold to eBay for $1.5bn.

He has since amassed a fortune of $14bn, as well as a reputation for seemingly fantastical visions of the future. The founder of private space exploration company SpaceX, he has pledged to slash the cost of space travel to help the human race survive by colonising Mars and other planets.

Either we spread Earth to other planets, or we risk going extinct, he told a conference in 2013. An extinction event is inevitable and were increasingly doing ourselves in, he said.

Last week, the company became the first to launch a partially recycled rocket into space, in what Musk termed a milestone in the history of space.

He also conceived the Hyperloop, a transport system he says could whizz people between Los Angeles and San Francisco in 30 minutes at speeds of up to 700mph (1,126 km/h).

Bold ambition and market-pleasing bombast have become the currency of a man with a knack for marrying technology and glamour, generating global excitement among his legions of fans and admirers.

The fact that Tesla should be valued more highly than Henry Fords century-spanning mother of all carmakers suggests that Musks zealous disciples are not the only ones who believe the hype.

Tesla, new car on the block

Market value $48.6bn

Annual car production 76,000

Annual revenues $7bn

Annual pretax loss $746m

Founded by Martin Eberhard and Marc Tarpenning in 2003; Musk was a lead investor in 2004 and became chairman of the board. He is now chief product architect and chief executive

Based in Palo Alto, California

Products Electric cars. Roadster in 2008. Model S (luxury sedan), Model X (SUV), Model 3 (to be launched this year); solar panels (launch planned this year)

Floated on the stock market in 2010

Employees 30,000

Ford, venerable vehicle maker

Market value $45bn

Annual car production 6.6m

Annual revenues $152bn

Annual pretax profit $10.4bn

Founded by Henry Ford in 1903

Based in Detroit, Michigan

Products Model T in 1908; F-Series trucks, Fiesta, Focus, Mondeo, Escape, Explorer, Expedition, Lincoln luxury vehicles

Floated on the stock market in 1956

Employees 201,000

Julia Kollewe

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I’m a Sex Worker Who Is Sick Of Female Misogyny

So youre a feminist, ey? You tell your kids that girls and boys are equal? That little ladies can grow up to be firefighters and astronauts, that boys can play with dolls and paint their nails? Thats a good start, but the bare minimum a decent adult can do in the year 2017. With a rising oligarchy on our hands, it is time that women and minorities and working class people begin supporting each other. A society is stronger when it is less divided, and we can mend our societal rifts by deeply examining which attitudes reinforce oppression and harm. We can each do our part, and Im here as a feminist sex worker to tell you that the normalization of sex worker abuse by American women contributes to the abuse of all women.

Heres the thing: feminism isnt as simple as reblogging the cutest Tumblr Yas Queen inspos, or buying Male Tears coffee mugs. To support equality of all people, despite their gender, race and class, its vital that you put your money where your mouth is and I dont mean between your teeth at my stripper stage.

How do you feel about sex work? If youre inclusive in your feminism you understand that everyone should be born with full ownership of their body and their time. I appreciate you, and you need read no further! But for the American women who hashtag their pole classes with #notastripper, or who still think that strippers are funny as the butt of a Tina Fey joke, youve got a long way to go, baby.

For women who still think that strippers should remain the butt of a Tina Fey joke, youve got a long way to go, baby.

It was mid-March this year, 2017. I was stepping onto the strip club floor, in the first minutes of my Tuesday evening shift. As of this writing, I celebrate my eighth year at this club. I scanned the crowd, taking the temperature of what kind of reception I could expect. Would the audience be gracious and kind? Stingy and sexist? Entitled and arrogant? I discover this by interacting, but first I study.

It was early, and the crowd was sparse. A few men pushed limes into their beer bottles, someone tap, tap, tapped at the video poker machine in the corner. The bartender shuffled ice. The other night-shift strippers trotted up the dressing room stairs, selecting their music at the DJ station, stretching their calves and running fingers through their hair.

A woman with a pink hat stared pointedly at the stage. She was wearing a pink hat, but not any pink hat. A conspicuous, knitted, cat-eared hat that I recognized from the historic January 21st Womens March. She sat close to the bar, her head resting on her fist and her eyes fixed on the naked woman spinning upside-down.

In front of Pink Hat was a plate of half eaten pasta and some fries. Her drink was scarcely colored, the ice but little pebbles in the glass she had been there for some time. Two men in worn, dusty hats and Carharts clapped loudly and pushed a few more dollars across the metal stage we call the rack. It was my turn on stage.

Hey, did Pink Hat Lady tip you? I whispered into my co-workers hair as she brushed past me to leave the stage. She paused, without raising her eyes to betray my inquiry, No, just stared the whole time. Shes been here for two hours. Great. Taking a deep breath for patience, I trotted across the stage in my stripper sneakers and my onesie, smiling big for the two blue-collared boys who were already laying bucks on the rack.

I once heard, I dont have to tip you, I have a vagina too! from a female non-customer. Akin to, Im a gynecologist, so I dont need to pay money to see pussies! its one of the most insulting and entitled attitudes that adult entertainers commonly encounter. Strippers love female customers, we are way better than gross sweaty men, is a lie that some women actually believe. No girl, we dont. When you come to work to make money, you prefer customers who are actually willing to exchange currency for labor. All women participate in emotional labor for free, and I cant imagine stepping foot into a venue where women work for tips [only] and feeling entitled to give them literally zero for their efforts. Shit, I tip my barista 50% and she screws up the latte like ten percent of the time.

American culture is so deeply entrenched in a misogyny that encourages slutshaming, whorephobia and victim-blaming, that the perpetrators are of all genders. Women are no less hateful of sex workers, and permissive of their abuse, than men. In my decade of immersion in the World of Whoredom, American men and women both have treated sex workers like shit. There is no difference between the hatred I receive via online comments, insufferably ignorant conversations with strangers in public or the number of women that I have watched lose contact with their families due to their jobs.

The hashtag #strippershatemebecause was an attempted Twitter-troll campaign encouraging and making light of physical abuse. Examples include: #strippershatemebecause I dont throw cash, I throw rocks or #strippershatemebecause I kill them after Im done raping them.

Jacqueline Frances

Jacqueline Frances

Jacqs message never falters: People in all walks of life use their bodies, their emotions, and their time in the pursuit of currency.

Indeed, Pink Hat sat for three more hours, sipping her drink, never once leaving her seat, and never once tipping me nor any of the other hard-dancing ladies. Her pink hat perched upon her head, like a crown celebrating the hypocrisy of fauxminism. I would rather be tipped by a sweaty, swearing trucker than break my back for nothing for a smirking woman. Ive been groped and insulted by as many cis-women as I have by cis-men, which is an alarming rate of female on female victimization, considering that female clients are a quarter of my patronage.

Always look over your shoulder, or in the mirror, when you bend over, I told the wide eyed newbie, after a female audience member shoved a dollar between Newbies labia. People will assault you in front of others, because they think its okay, because theyve been raised to believe that we are accepting of abuse.

Ive been groped and insulted by as many cis-women as I have by cis-men, which is an alarming rate of female on female victimization.

The DJ looked on, and I turned to him, Im not trying to scare her! But she needs to know, people will enter in to this venue specifically to abuse you.

Newbie chewed this over, her neatly tweezed eyebrows furrowing together. I could get an infection from that dollar

According to many so-called feminists, Im part of the problem. Attitudes of fake concern over womens welfare and safety are linked to Puritan attitudes on sex and its commodification. Im sick of hearing from affluent women who have never in their life spoken with an out sex worker. I hate to break it to you, but Tina Fey and Lena Dunham are not feminist icons. They perpetuate dismissive ignorance about sex workers, thus supporting stigma that reinforces harm against sex workers.

You simply dont need to shit on women for making a choice that you didnt.

Keeping sex work and adult entertainment illegal does what Prohibition did for alcohol; gangsters ran the streets and moonshine reigned king. The War on Drugs did not remove drugs from the streets, but rather locked up two generations of poor people, primarily Black and Hispanic/Latino. Similarly, atleast one third of female prisoners have engaged in sex work at one time, and their lifetime of incarceration and recidivism is partly due to belief that there is something inherently wrong with trading cash for certain types of touch. If you want to prevent separating families and stop this oppression of women, you must lend a hand to lift em up, or at least stay out of their hair.

If you want to fight actual trafficking, support legislation that decriminalizes it. Last month, California Democrats made waves with a bill that no longer allows police to arrest minors suspected of soliciting sex. Thats right, sexually trafficked children can no longer be cuffed, but are rather offered resources and options to leave their pimp. In 2015, I lobbied for Oregons HB1359, which established an anonymous hotline for live entertainers (aka strippers) to report workplace grievances, or seek resources for filing taxes or acquiring healthcare.

If you want to help pornstars, stop re-blogging stolen porn on Tumblr. Dont buy or support porn with known rapists like James Deen or Chico Wang.

Sex workers and adult entertainers are tired of defending their livelihood. Exploitation is a heavy word to toss around, especially when the victims own feelings about their experience are entirely disregarded. If you want to help women, help those who are truly in need. The real voices of capitalism and commercialism are unheard, in agricultural fields, in sweatshops, and in kitchens. More women face sexual violence in their own home than in a strip club, how are you proactive against domestic violence? Boys will be boys is the poison pill that so many of us prescribed: shut up and take your medicine and swallow the blame, whore. And besides, some of these so-called arguments are moronic.

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