Posts belonging to Category Cities



Co-working is just getting started

Investors think highly of buildings that include 15%-30% co-working space

In just the last year, co-working spaces have tripled their share of Manhattan’s office-leasing activity to around 10%, according to real estate brokerage firm Avison Young. Across the country, the number of square feet they occupy has jumped nearly 400% over the last eight years. As the market for flexible and customized offices continues to boom, it’s not just startups and small businesses that stand to benefit. More and more, larger companies that don’t want to be locked into decades-long leases are considering the upsides of flexible spaces.

In August, WeWork launched HQ by WeWork to serve the needs of medium-sized businesses. And other giants (think: Amazon, Verizon, and more) have already begun turning to co-working spaces to house entire divisions of their companies. In 2017, IBM struck a deal with WeWork to occupy its 88 University Place building in Manhattan.

http://www.angel.co

Amazon Could Open Up to 3,000 Cashierless Stores by 2021

Shoppers use a smartphone app to enter the store

Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco trucks.

Chief Executive Officer Jeff Bezos sees eliminating meal-time logjams in busy cities as the best way for Amazon to reinvent the brick-and-mortar shopping experience, where most spending still occurs. But he’s still experimenting with the best format: a convenience store that sells fresh prepared foods as well as a limited grocery selection similar to 7-Eleven franchises, or a place to simply pick up a quick bite to eat for people in a rush, similar to the U.K.-based chain Pret a Manger, one of the people said.

An Amazon spokeswoman declined to comment. The company unveiled its first cashierless store near its headquarters in Seattle in 2016 and has since announced two additional sites in Seattle and one in Chicago. Two of the new stores offer only a limited selection of salads, sandwiches and snacks, showing that Amazon is experimenting with the concept simply as a meal-on-the-run option. Two other stores, including the original AmazonGo, also have a small selection of groceries, making it more akin to a convenience store.

Shoppers use a smartphone app to enter the store. Once they scan their phones at a turnstile, they can grab what they want from a range of salads, sandwiches, drinks and snacks — and then walk out without stopping at a cash register. Sensors and computer-vision technology detect what shoppers take and bills them automatically, eliminating checkout lines.

http://www.bloomberg.com

5G home internet service starting October 1st

Starting Houston, Indianapolis, Los Angeles, and Sacramento

Verizon’s 5G broadband internet service will go live later this fall, with installations starting on October 1st in Houston, Indianapolis, Los Angeles, and Sacramento, the company announced today. This marks the first 5G commercial service to launch in the US, and it seesVerizon make good on its promise to do so in November 2017. Verizon is calling it simply 5G Home, quoting “typical speeds” of 300 Mbps and peak speeds of nearly 1 Gbps, depending upon location.

This isn’t true mobile 5G, which will be the more impactful rollout of the new internet speed standard that was finalized last December when all networks and phone manufacturers support it. But theoretically, it should bring faster broadband speeds for home internet that are on par with, or at least in the range of, gigabit fiber networks. It also helps Verizon in its rollout of mobile 5G in the future, which will involve a dizzying number of different technologies, hardware, and partnerships to get off the ground.

Flurry of electrifying announcements from the auto industry

Mercedes challenges Tesla with an all-electric SUV

Mercedes-Benz unveiled its first fully electric SUV today in Stockholm, the first in a long line of electric vehicles the automotive juggernaut will roll out over the coming years as part of its new EQ sub-brand. The EQC will run to 60 mph in under five seconds, go 200 miles between charges, and when it enters production in 2020, it will find itself in a world of increasingly fierce competition.

The EQC unveil comes amid a flurry of electrifying announcements from the auto industry. Later this month, Audi will debut its own electric SUV, the e-Tron. BMW just began taking orders for its upcoming iX3 electric SUV. Tesla is showing the production version of its gobsmacking, revived Roadster at the Grand Basel motor show in Switzerland this week. Jaguar is gearing up to start US deliveries of its much-lauded electric i-Pace later this year.

http://www.wired.com

Pollution in the city lowers education level by one year

The maths and verbal skills are at risk

Chronic exposure to air pollution can cause harm to cognitive performance, a new study reveals. Researchers believe that the negative impact increases with age, and affects men with less education the worst. Over four years, the maths and verbal skills of some 20,000 people in China were monitored by the US-Chinese study.  Scientists believe the results have global relevance, with more than 80% of the world’s urban population breathing unsafe levels of air pollution.

The study was based on measurements of sulphur dioxide, nitrogen dioxide and particulates smaller than 10 micrometres in diameter where participants lived. It is not clear how much each of these three pollutants is to blame. Carbon monoxide, ozone and larger particulates were not included in the study. Described as an invisible killer, air pollution causes an estimated seven million premature deaths a year worldwide, according to the World Health Organization.

http://www.nanocomputer.com

Wage floor for Uber’s ride-hail drivers

The goal is to pay drivers $17.22 an hour, or $15 an hour after expenses like gas.

The New York City council passed first-of-its-kind legislation this afternoon setting a wage floor for ride-hail drivers and capping the number of ride-hail vehicles in the city. Below, our story from before the historic vote.

Uber drivers make about as much money as minimum wage workers.

In some cases they can even make less. That’s because Uber drivers are considered independent contractors, rather than employees, and aren’t protected under federal, state, and local minimum wage laws.

Uber drivers aren’t being recognized as employees (that legal battle is ongoing). But in New York City, the city council is poised to pass a package of bills that, for the first time ever, would set a wage floor for Uber drivers and their peers in the ride-hail industry.

https://qz.com/

Amazon will launch delivery service to compete with UPS and FedEx

Will Amazon kill FedEx?

Amazon is gearing up to compete directly with UPS and FedEx, according to a newWall Street Journal report. The so-called “Shipping with Amazon” program will be an end-to-end shipping solution, with pickups from businesses and shipments made to consumers, per the report.

The timeframe for rollout is soon, too: Amazon is said to be readying the service for its first launch in LA in the “coming weeks,” starting, not surprisingly, with companies that sell stuff via its website. After its initial launch in LA, Amazon will look to expand it out to other cities, possibly as soon as later this year, the WSJ says.

http://www.techcrunch.com...  Febuary 09, 2018

What is Davos 2018?

Who is attending the World Economic Forum?

THE world’s most powerful leaders will meet tomorrow at Davos 2018 for an annual four-day elite conference known as the World Economic Forum. But what is Davos 2018 and who is attending the World Economic Forum? A global political get-together for around 2,500 movers and shakers from the worlds of business, politics, finance and media, the World Economic Forum is held annually each year in the town of Davos.

The mountain resort sits high up in the eastern Alps of Switzerland in Graubunden, the largest and and most eastern member state of the country. It is home to one of the Switzerland’s biggest ski resorts and is also the highest “town” in Europe at 1,560m. Davos 2018 will run from January 23 to 26 under the theme of “Creating a Shared Future in a Fractured World” and will be the the 48th forum to date.

http://express.co.uk…  January 23, 2018

Legal recreational pot in California: What you need to know

California becomes the nation’s largest state to offer legal marijuana sales

California voted to legalize in 2016. The goal is to tighten regulation of the state’s long-running medical pot sales while encouraging operators in the vast black market to enter the legal system.

In general, California will treat cannabis like alcohol, allowing people 21 and older to possess up to an ounce of pot and grow six marijuana plants at home. The state in December began licensing businesses for the new economy, including retailers who will sell it and distributors who will move it from fields to storefronts.

http://abcnews.go.com/… Mon., 02  January 2018

Uber paid $100K ransom after 57M accounts were hacked

Company paid hackers $100,000 to delete info, keep quiet

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers was accessed as well, including some 600,000 U.S. driver’s license numbers. No Social Security numbers, credit card information, trip location details or other data were taken, Uber said.

http://www.bloomberg.com…  Wed., 22  November 2017

"Brexit is stupidest thing any country has done"

Michael Bloomberg says it is ‘hard to understand why a country doing so well wanted to ruin it’

Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the “single stupidest thing any country has ever done” apart from the election of Donald Trump as US president.

Bloomberg argued that “it is really hard to understand why a country that was doing so well wanted to ruin it” with the Brexit vote, in a series of outspoken remarks made at a technology conference in Boston a fortnight ago.

At that event, Bloomberg, 75, also warned that some workers at the financial media company that bears his name were asking to leave the UK and US because they think the two countries no longer like immigrants and are no longer welcoming.

http://www.theguardian.com…  Wed  25  October 2017

Tesla wants to produce cars in China

Tesla reaffirms effort to build cars in China; mum on deal report

Electric car maker Tesla Inc (TSLA.O) reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has been reached.

http://www.reuters.com…  Mon  23  October 2017

BREXIT will hit strongly The City

Brexit may lead to half of City’s EU workers leaving UK

More than half of EU nationals currently working in investment management in the UK are not confident they will continue working in the country after Brexit, a report from the CFA Society UK reveals.

CFA UK’s survey of 1,100 professionals found that City workers regardless of nationality feel their job security is under threat as a result of Brexit, with just 43% of EU nationals and 52% of non-EU international employees feeling their job is secure. By comparison, 60% of British national respondents feel that their job is secure. According to CFA UK, the respondents’ views “are likely to have been impacted by their sense of job security in the current climate”.

http://www.investmentweek.co.uk…  Wed.,  18  October 2017

Same day delivery competition

Walmart is zeroing in on Amazon’s biggest weakness

Amazon.com has done a lot of things exceptionally well over its 22-year history. The company’s whopping market value and constant growth are testaments to its strategy of customer obsession, breakneck innovation, and its “Day 1” philosophy.

But of all the strategic decisions the company has made in its history, none has had a bigger impact than Prime. Launched in 2005, the all-inclusive loyalty program offers members free video streaming, access to the Kindle Lending Library, music streaming, and several other ancillary benefits from $99/year. But the biggest one is clearly free, two-day shipping on millions of items.

With Prime, Amazon solved the two biggest obstacles to online shopping: it eliminated pesky shipping fees and long delivery times, which were often a week or longer in the early days of e-commerce. Over the years, Amazon has stuffed Prime with more and more benefits, making it a nexus of competitive advantages that no other company, retailer or otherwise, can match.

http://www.businessinsider.com…  Wed.,  11  October 2017

China mulls going 100% electric

China wants to ban petrol and diesel cars

The Chinese government has signalled it will join the line of nations queuing up to ban the sale of diesel and petrol vehicles in the coming decades.

A senior official has told the Chinese car sector that the industry department in Beijing has begun “research on formulating a timetable to stop production and sales of traditional energy ­vehicles”, according to a report from the state news agency Xinhua.

http://www.telegraph.co.uk…  Mon.,  11  September 2017

Insurance and Hurricanes

Irma test Florida’s flood insurance 

Hurricane Irma could test a nascent private flood insurance market in Florida that some advocates say is a model for making U.S. flood coverage more affordable and commonplace in high-risk areas. Florida’s private flood insurance market represents a tiny sliver of all flood policies in the state, but if a hurricane does hit Florida later this week, policyholders, industry and the federal government will see how private insurance performs in one of the country’s largest flood-prone markets.

“It’s a new breed of insurance in Florida,” said Loretta Worters, a spokeswoman for the Insurance Information Institute, an industry-funded communications group. “You have these companies that have never been tested for flood. We’ll have to see how it works.” Even before Hurricane Harvey triggered massive flooding in Texas last week, U.S. lawmakers were looking at alternatives to the indebted government-backed model of flood insurance.

http://www.reuters.com…  Wed.,  06  September 2017