The UK government announced several changes today to its Plug-In Car Grant program. They are essentially ending incentives for plug-in hybrid vehicles and they are reducing the incentive for all-electric vehicles. more…The post UK ends PHEV incentive and reduces all-electric vehicle incentive, says it worked too well appeared first on Electrek. Source: Charge Forward
Support for EVs on Capitol Hill does not divide neatly along partisan lines, as a pair of dueling bills in the Senate illustrates. This week, Senator Dean Heller (R-Nevada) proposed legislation that would lift the current cap on EV tax credits.Under current law, once a particular automaker sells 200,000 EVs, the tax credit will begin to be phased out starting in the following quarter. Tesla passed the 200,000 vehicle milestone in July, and GM expects to hit the threshold by the end of this year.This arrangement has two perverse effects: in Tesla’s case, it means buyers of the company’s earlier, more expensive vehicles got the tax credit, while buyers of the yet-to-be-delivered base Model 3, who arguably need the incentive more, will not be eligible. Secondly, it means that automakers that delayed their EV programs will now have a competitive advantage over the two companies that took a risk and got into the market early.Senator Heller’s bill would lift the cap on sales by individual manufacturers, but would phase out the credit for the entire industry in 2022.Meanwhile, Senator John Barrasso (R-Wyoming), who chairs the Senate Environment and Public Works Committee, wants the government to move in the opposite direction. He recently proposed legislation to end the EV tax credit entirely and impose a new federal tax on EVs.Senate Democrats are opposed to Barasso’s bill. “Repealing a policy that helps combat climate change is the absolute wrong decision,” said Senator Ron Wyden. Last month, seven Democratic senators introduced legislation that would lift the cap, extend the tax credit for 10 years, and allow buyers to use the credit as a point-of-sale rebate. Source: Electric Vehicles Magazine Source: Reuters
Jaguar Enters Electric Motorcycle Biz With Arc Vector Mad Max Motorcycle Road Rage Captured On TeslaCam More E-Bikes Energica Unveils Stunning Bolid-E Electric Motorcycle Prototype Author Liberty Access TechnologiesPosted on December 16, 2018Categories Electric Vehicle News Motorcycles have long taken the backseat in terms of safety features. Partly because technology can be tricky to adapt to the reality of traveling on two wheels, partly because there is a bit of a purist approach riders tend to take with motorcycles. This hasn’t kept some companies from pushing the boundaries and work on adapting modern features found on other vehicles for bikes. Blind spot detection, rearview cameras, lane change assists: these are all terms that are becoming increasingly popular in the motorcycle industry.Energica has not plan of being left behind when the tech trend hits and is working on its own lane change assist system. The project is called E2R and is being developed in partnership with the German University of Applied Sciences, “Hochschule für Technik und Wirtschaft des Saarlandes”.The technology will use a camera system that will scan the motorcycle’s blind spot, monitor distances from vehicles at the front and at the back and “assist” the rider in his decision-making (though Energica hasn’t revealed yet what shape and form the warnings and assistance will take).“For us, safety is one of the most important topics while riding a motorcycle. That is why we are developing innovative sensor systems for motorcycles in Saarbrücken. We are glad to have such an innovative and powerful partner like Energica for this challenge,” commented the University’s E2R team.While the company specializes in electric motorcycles, a system like this could easily be adapted to any two-wheel vehicle. Looks like there’s a new runner in the race to the ultimate motorcycle safety system. Energica is joining the race for the ultimate bike safety system.Italian electric motorcycle maker Energica is best known for its sexy e-sportsbike designs and its domination as the provider of saddles in the all-new MotoE spec series. The word “technology” has no secret for the manufacturer and it’s about to take things a step further. Like other, bigger companies before, Energica is now looking into safety matters and is teaming up with a German university to help make things happen. Source: Electric Vehicle News
Source: Electric Vehicles Magazine By Matt Frommer – Transportation Program Senior Associate at the Southwest Energy Efficiency Project (SWEEP) This article appeared in Charged Issue 40 – November/December 2018 – Subscribe now. Imagine that you just bought a new condo and, since you care about saving the planet while saving yourself money, you’re also thinking about buying a new EV. You check your new parking lot for an electrical outlet, only to find that there isn’t one. With persistence, you ask the property owner about installing an EV charging station in the parking lot for communal use, but after reviewing the building plans together, you discover that the property does not have the electrical capacity and pre-wiring infrastructure (such as conduit) to support an easy and low-cost installation. You’re concerned that without access to home charging, you won’t have a place to charge your new EV, and so you surrender and buy another gas-powered car. This scenario is one of the major challenges for many consumers thinking about buying an EV, but it is solvable, and has been overcome by several communities across the Southwest with EV-ready building codes.What are EV-ready building codes?EV-ready building codes are one of the most effective and low-cost strategies for states and local governments to encourage consumers to buy or lease electric vehicles. At their most basic, the codes establish EV infrastructure requirements for new construction projects, including the electrical capacity and pre-wiring to make possible the future installation of EV charging stations. States and municipalities around the country have developed their own EV-ready building codes to accommodate local EV market trends and to meet community-specific climate goals.Why do we need EV-ready building codes?The US plug-in vehicle market is accelerating rapidly – it has had 52 straight months of year-over-year sales growth. Over the first nine months of 2018, the EV market grew 70 percent compared to the same period in 2017. Encouraged by these trends, Colorado Governor John Hickenlooper announced plans to encourage growth in the state’s already booming EV market, and some estimate the state could have nearly a million EVs on the road by 2030. Every governor in the Southwest has signed the REV West MOU, which commits the state to a number of actions including “identify[ing] and develop[ing] opportunities to incorporate EV charging station infrastructure into planning and development processes, such as building codes, metering policies, and renewable energy generation projects.”To support the monumental transition from gas-powered to electric vehicles, communities across the Southwest will have to install millions of charging stations in both the private and public domains.Approximately half of all vehicles in the US belong to residents of single-family or duplex homes with access to dedicated off-street parking spaces, such as a garage or driveway, which could be used for overnight charging. These new homes are built to last for decades, so they should be ready to accommodate emerging technologies, including the capacity to charge EVs.The other half of vehicles today do not have reliable access to a dedicated off-street parking space at an owned residence, so the EV market needs to move beyond single-family detached homes and expand charging access to multi-family dwellings, workplaces and commercial properties. EV-ready building codes support this expansion, and can save consumers thousands in installation costs.Studies have shown that charging infrastructure is significantly less expensive to install during new construction than it is to retrofit to an existing building. For a parking lot with 10 total spaces and two charging stations, the estimated EV infrastructure costs amount to $920 per charger during new construction, versus $3,710 per charger for a retrofit, largely because of trenching, demolition, and additional permitting costs.What are the EV-ready code options?State and local governments around the country have led the way on EV-ready building codes, with requirements that have been adapted to best fit the needs of each community. Three basic options for EV infrastructure requirements are detailed below.For one- and two-family dwellings with dedicated off-street parking, EV-capable or EVSE-ready outlet provisions are required for at least one parking space per residence. For multi-family dwellings and commercial properties, EV infrastructure requirements are applied as a percentage of total parking spaces (e.g. 5 percent of total parking spaces are to be EV-capable for parking lots with over 10 parking spaces).Where do EV-ready measures belong in the building code?EV-ready code language is often introduced as a part of the municipal building code amendment process, which typically takes place every three to six years. The International Residential Code (IRC) applies to new one- and two-family residential projects with access to an off-street parking space in a garage or driveway. The majority of IRC EV-ready building code amendments call for EV-capable infrastructure, but some jurisdictions, such as Boulder County, Colorado, have chosen to require an EVSE-ready outlet.New multi-family residential and commercial construction projects must comply with the most current version of the International Building Code (IBC). These code requirements typically apply an EV-capable percentage to the total number of parking spaces. The more progressive IBC amendments, such as the one in Palo Alto, California, require 5 percent of new parking spaces to have an installed Level 2 EV charging station.An alternative to the building code amendment process is to pass an ordinance, which can be proposed at any time and considered for approval by a city council or county commissioners. Whereas building codes define the technical details for new construction projects, ordinances govern the use of property by land use and occupancy type. With an EV-ready ordinance, municipalities can vary the percentage of EV-charging spaces by type of occupancy (business, hotel, hospital, golf course, etc).List of municipalities and states with EV-ready building codesA number of states, municipalities, and community improvement districts in the Southwest and across the country have introduced EV-ready building codes for new construction over the last decade, including Denver, Boulder, Boulder County, and Aspen in Colorado. To help make sense of existing codes and simplify the options for your community, SWEEP has created a short EV-Ready Building Code Primer, covering residential and commercial building codes, samples of residential and commercial municipal ordinances and cost-effectiveness comparisons.
The Biggest Challenge Facing Electric Cars Is Still Affordability 2019 Kia Niro EV Electric Crossover Overview: Video IS THE DEATH OF THE INTERNAL COMBUSTION ENGINE AT HAND?Could 2018 go down in history as the beginning of the end for fossil-powered vehicles? Several auto industry analysts quoted in a recent Financial Times article (via The Drive) think it’s a possibility. “We will probably see the peak of combustion engine car sales in 2018,” Felipe Munoz, an automotive analyst for Jato Dynamics, told FT, adding that his company’s “optimistic” forecast for the global auto market had changed in the last six months.More EV News Above: EVs like the Tesla Model S are changing car buyers’ impressions of driving electric (Source: Motor 1)After several years of record growth, auto sales in China, Europe, and the US are levelling off. “When you look at 2018 since the summer, new car sales in all of the important markets are going down,” Axel Schmidt, global automotive lead for Accenture, told FT. “Selling combustion engine cars to customers – this will not grow in the future.”Selling electric cars to customers, however, is expected to grow. Moody’s forecasts that the market share of EVs will rise to 1.6 percent, offsetting the decline in ICE vehicle sales. Most of the growth in EV adoption, at least in the near term, will happen in China, where automakers are investing huge sums in electrification as the government is making it almost impossible for them to expand production of gas-burning cars.Of course, US and European automakers have been producing EVs for years – and selling very few (except for a certain California company). Fossil fuel-burning cars won’t be going away if consumers continue to demand them. However, there’s good news on this front as well. Last May, a survey by AAA found that 20% of respondents said their next vehicle would be an EV, up from 15% in 2017, when AAA first posed the question. Above: Plugging in Nissan’s Leaf (Source: Motor 1)More recently, a survey conducted by the popular video series Fully Charged found existing EV owners to be overwhelmingly happy with their choice to go electric. Out of some 7,700 responses to the audience survey, 88 percent of plug-in car drivers said they would never go back to driving an ICE vehicle. (See Motor1 or Renewable Energy Magazine for more details about the Fully Charged survey results.)As savvy observers of the scene know, most consumers won’t buy EVs to save money, or for their environmental benefits, but because they are better vehicles. “We’ve always maintained that, simply because they are better technologies, electric vehicles and renewables will become mainstream, and this is borne out by our survey,” said Fully Charged host Robert Llewellyn. “It’s the cars in particular that are starting to turn heads, and having driven all of them from the Tesla Model 3 to VW’s hotly-anticipated I.D., I can honestly say that there’s a really cool choice of electric cars for almost every budget.”As any Tesla owner can attest, it’s the test drive that sells an electric car. “Having experienced how impressive electric cars are, we were not surprised to see so many other drivers saying that they won’t go back to the combustion engine, but it might shock those that have yet to switch,” said Llewellyn. “Perhaps more surprising was that the two-thirds of our audience who are yet to buy an EV intend to do so in the next couple of years.”===Written by: Charles Morris*Editor’s Note: EVANNEX, which also sells aftermarket gear for Teslas, has kindly allowed us to share some of its content with our readers, free of charge. Our thanks go out to EVANNEX. Check out the site here. Source: Electric Vehicle News Hyundai Kona Electric Gets Priced In U.S: SEL, Limited, Ultimate *This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla accessories). Authored by Charles Morris. The opinions expressed in these articles are not necessarily our own at InsideEVs. Author Liberty Access TechnologiesPosted on January 29, 2019Categories Electric Vehicle News
Electrify America & Tesla reach a deal for energy storage systemsElectrify America today announced its plan to install Tesla Powerpack battery systems at more than 100 of their electric vehicle charging stations nationwide over the course of 2019.Electrify America News Author Liberty Access TechnologiesPosted on February 4, 2019Categories Electric Vehicle News Some may ask why onsite energy storage is necessary for EV charging, and the simple answer is demand charges. Demand charges are based on the highest draw the customer (in this case all the charging stations at one location) uses from the utility during a set period of time in a given month, usually carved up into 15-minute intervals.Demand charges vary from utility to utility in the US, but they are so costly they make it nearly impossible for DC Fast charge stations to even break even, let alone be profitable. For example, I own and manage a 24 kW DC fast charger on my property in Montclair, NJ. I pay 12 cents per kWh for my electricity supply, but because the DC Fast charger pulls so much energy at once, I have to pay demand charges for it, pushing the cost of my electricity up well over $1.00 per kWh.“Our stations are offering some of the most technologically advanced charging that is available,” said Giovanni Palazzo, chief executive officer of Electrify America. “With our chargers offering high power levels, it makes sense for us to use batteries at our most high demand stations for peak shaving to operate more efficiently. Tesla’s Powerpack system is a natural fit given their global expertise in both battery storage development and EV charging.”Let’s say a Chevy Bolt owner pulls up to charge their car at my station and they stay for two hours. I charge $6 per hour to use the station, which is what I consider a reasonable amount for lower-powered 24 kW DC Fast station. In those two hours, the Bolt will accept close to 50 kWh. My utility, PSE&G, will bill me about $60 for the electricity, and I billed the customer $12 for the charging session. Then ChargePoint takes their 10% network management fee, so I’m left with $10.80; a loss of about $50.00.An Electrify America site like this one with 10 high-speed DC Fast stations will draw a lot of power. On site energy storage will allow for substancial long-term electricity savingsHaving onsite energy storage allows charging providers to cut off, or drastically lower these menacing demand charges, thereby allowing the stations to operate in the black while still charging reasonable fees. They do so by setting the rate the batteries can recharge from the grid at a lower level, previously negotiated with the utility. Therefore, the utility never gets a spike in the power draw for that location higher than what they can plan for. “Shaving off” the high end of the power demand is valuable to the utilities. They will then lower, or even completely waive demand charges for the location if the high point of the energy draw isn’t too high.The battery systems will be deployed to mitigate higher power demand charges and manageoperating costs by avoiding or reducing demand and energy charges during peak chargingperiods. – Electrify AmericaThe reason we haven’t seen widespread use of battery storage with EV charging sites has been the upfront cost. Network providers have done the math, and it was less expensive to just pay the demand charges, than it would have been to spend $50,000 to $100,000 for the onsite battery storage systems. Hopefully, this announcement means the cost is finally getting down to the point where it is becoming financially viable.Each Electrify America site in this program will consist of a 210 kW battery system, with roughly 350 kWh of capacity. They have a modular design, and will allow for more capacity to be added over time. That will become necessary, once there are multiple EVs plugging in and pulling 150+ kW at the same location.The decision for Electrify America to use Tesla’s Powerpack system is a curious one, because Volkswagen, Electrify America’s parent company, has been developing their own energy storage systems. Perhaps it’s because Tesla is so far ahead that Electrify America can’t wait until VW has a commercially-viable product to implement.Tesla has also said they eventually plan to use energy storage at their Supercharger sites, and has done so in limited locations, but have yet to deploy such systems in any large number. Electrify America Launches California’s First 350 kW Charging Stations Source: Electric Vehicle News Electrify America Will Implement Plug&Charge Exclusive: Electrify America Chief Provides Update On EV Charging Build-Out
Mersen, a manufacturer of products for the electric power industry, has announced a new line of overcurrent protection devices for the EV industry. The new line of self-triggered χp-ST hybrid fuses technology purports to offer greater overcurrent protection in EV DC batteries than traditional fuses.The new χp-ST hybrid fuses incorporate a fast-acting pyro-element with self-triggered ignition, eliminating the necessity of an external trigger sensor. The fuses can detect overcurrent faults at 1000 volts DC in less than 1 ms, with a 2kA minimum breaking capability and a power loss of 20 watts at 400 amps. The fuses have adjustable time-current performance and a tunable minimum breaking capacity.The χp-ST hybrid fuses were introduced to address the challenges of overcurrent protection in EV applications. These include fast protection for a range of fault currents, a large amount of charge and discharge cycles, accelerations and regenerative breaking, and harsh vibrations and temperature variations. Source: Electric Vehicles Magazine Source: Mersen
Your mileage may vary.Prices matter. When the Tesla Model 3 was first revealed, the $35,000 base price was a big part of the excitement. It helped drive a mind-bending 500,000-plus pre-orders for the mid-size sedan just days after the initial launch. Of course, the base price Model 3 didn’t arrive until over a year-and-a-half later. This brings us to the new Model Y.More on the Tesla Model Y Tesla Model Y Pricing Predicted To Start At $45,000, Top Out At $85,000 As you may have heard, that vehicle will be revealed tonight. As we watch the livestream, the question of when the most affordable version will become available is likely to arise. Opinions here at the palatial InsideEVs headquarters are mixed, but this writer thinks it will hit stores the website sooner rather than later. How soon, then?As we said, it took the Standard Range version of the Model 3 about 18 months, give or take, to make it from initial high-spec variant deliveries to actual production of the base model. And in that case, Tesla CEO Elon Musk made some (now partially reversed) bold moves to make that happen. The timeframe for the Model Y should be much shorter.When deliveries officially begin, the Long Range versions will again be the first available to order. That’s the version that will feed the most money back into the automaker’s coffers, so it’s the business decision that makes the most economic sense. There are many factors that will determine the number of months until a Standard Range Model Y can be delivered: speed of the production ramp up and the creation of the necessary space to build them all, for instance.If the company has truly learned from its Model 3 “production hell” ramp up, then a lot of time can be saved there. Since the Model Y will be built on the Model 3 platform and share as much as 75 percent of their parts, the production scale of those elements is already high, making the needed drop in prices to be able to sell the base version at a profit somewhat closer.In the end, this writer thinks the distance from Long Range production to Standard Range availability should be less than a year. It would be nice to see it happen within eight months, but it’s more likely to take closer to twelve. As we said, others in the office feel differently. You may too, so give us your best estimate in Comments. Author Liberty Access TechnologiesPosted on March 14, 2019Categories Electric Vehicle News Tesla Model Y Reveal: Watch Livestream, Pre Show, Post Drives Here Tesla Model Y Reveal Event: Here’s What To Expect: Video Source: Electric Vehicle News
Source: Charge Forward Today only, as part of its Deals of the Day, Best Buy offers the Philips Hue White and Color BR30 Smart LED Light Bulb for $24.99. It will ship free in orders over $35 otherwise you’ll need to opt for in-store pickup to sidestep any delivery fees. As a comparison, it typically sells for over $40 at retailers like Amazon. This is a great way to jump into or expand your Philips Hue setup. In addition to Siri, Alexa and Assistant control, you’ll be able to count on typical LED light bulb savings. Rated 4.1/5 stars. Head below for more deals. more…Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.https://www.youtube.com/watch?v=09bIEmS_KdYThe post Philips LED traditional and smart light bulbs are on sale and more in today’s best Green Deals appeared first on Electrek.
Source: Charge Forward GM claims to be all-in with electric vehicles, but they are still only selling one all-electric car and they are selling it at a loss.Now the automaker says it is pushing for more affordable and profitable electric cars. more…Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.https://www.youtube.com/watch?v=V1zk7Eb8r-s&list=PL_Qf0A10763mA7Byw9ncZqxjke6Gjz0MtThe post GM is pushing for an affordable and profitable electric car appeared first on Electrek.
Newcastle sale scuppered by Americans’ hedge fund losses Reuse this content Share on Messenger This article is more than 10 years old Newcastle United Matt Scott Mon 12 Jan 2009 19.01 EST Share via Email Share on Facebook First published on Mon 12 Jan 2009 19.01 EST Newcastle United Premier League Mike Ashley’s attempt to offload Newcastle United was foiled by the allegedly fraudulent activities of Bernard Madoff, the hedge fund manager currently under house arrest while the US authorities investigate suspicions that he masterminded a £32bn fraud. Two wealthy Americans had indicated their intention to lodge a formal offer for the club with the broker Keith Harris, whose Seymour Pierce company had been engaged by Ashley to find a buyer.The bid was expected last month but never materialised. Harris learned later that the two investors had been exposed to Madoff’s suspected pyramid scheme at a cumulative cost of more than $300m (£201m).That astonishing loss instantly put an end to their interest in Newcastle. “A few weeks ago there was a decent degree of positive thought and optimism that there would be a buyer and then, amongst others, Mr Madoff came along,” said Harris. “There were two people that were looking at Newcastle with us who lost, let’s say, over $300m to Madoff.”That sum equates to close to the asking price Ashley had set for Newcastle. “Mike Ashley put his hand in his own pocket and paid off all the debt,” Harris said. “What you were acquiring would have meant not looking at having to worry about what do I do when the banks want their money back.”Instead the Americans now have other, more pressing worries.Arsenal shares turn overNot all wealthy Americans are turning away from football. Stan Kroenke has continued to invest in Arsenal shares, picking up £100,000 worth on 23 December. The stake pushes his holding in the club to 12.4%. Kroenke was appointed as a non-executive director last October and his purchase could indicate a renewed desire to take over the club. A further eight shares changed hands in a single transaction yesterday and, if the buyer was Kroenke a declaration to the stockmarket will be due today or tomorrow. Club kremlinologists at the Arsenal Supporters’ Trust, a shareholders’ group, speculate that Kroenke might have been sending a message to the third-largest shareholder, Nina Bracewell-Smith. Lady Bracewell-Smith had been ousted as a board director less than a week before Kroenke’s block purchase, meaning her 15.9% shareholding now confers her no perks. It could be that the board is exercising a strategy to pressure Bracewell-Smith into cashing in her asset to Kroenke. IPL agreement nearKevin Pietersen would risk his entire career if he were to quit the England team in favour of a $1.5m contract in the Indian Premier League, according to sources involved in the competition. “He has taken one risk and it has backfired,” said an insider. “No one would want him to try to become the world’s first Twenty20 player. Players need to be currently involved in international cricket for Indian fans to engage with them.” Pietersen, below, and his peers in the England team have yet to sign the central contracts they have held since last October, with one of the elements under negotiation being the stipulation over how long England players will be allowed to play in the IPL. Meetings took place last week between the ECB and the Professional Cricketers’ Association, with both parties holding out hope that agreement can be reached before the team flies to the Caribbean on 21 January.Redknapp’s hard bargainHarry Redknapp has a reputation as one of the canniest transfer-market operators and it is a gift he has worked for more than 20 years. The Tottenham Hotspur manager told the audience at the Football Writers’ Association’s gala tribute evening in his honour on Sunday that in early 1985 he picked up the telephone to someone who was quitting as a director of Maidstone United. “Harry, Mark Newson’s available,” said the voice on the end of the phone. “Tottenham want him but, if you’re quick, you can have him for nothing because he’s not registered with the Football Association.” Redknapp, then Bournemouth’s manager, checked with the FA’s registrations department and the story checked out. Later he called Barry Fry, who was Maidstone’s manager. “Barry, I’m calling about Mark Newson.” “Tottenham want him but we haven’t agreed a fee,” replied Fry. “They’ve offered £100,000 but we might get £200,000.” “You won’t,” replied Redknapp. “I’ve just signed him on a free.” This article is more than 10 years old Share via Email Share on WhatsApp Share on Facebook news Digger Share on Twitter Share on Pinterest Topics Digger Share on Twitter Shares00 Share on LinkedIn
Learn More & Register In today’s 3Q FY2018 earnings call presentation and related transcript, Wal-Mart disclosed that “discussions with the government agencies in the FCPA matter have progressed to the point that the company recorded an accrual of $283 million, or $0.09 per share … regarding the possible resolution of the FCPA matter.”Against the backdrop of certain commentators using the “b” word (as in billions), I predicted from the start, guided by FCPAnalytics, that Wal-Mart’s Foreign Corrupt Practices Act enforcement action was unlikely to be a top five FCPA settlement amount of all-time. If the $283 million amount holds, the Wal-Mart enforcement action will not even be in the top ten FCPA settlements of all-time.Wal-Mart also disclosed $5 million in FCPA and compliance related expenses ($2 million for ongoing investigations and inquiries and $3 million for global compliance program and organizational enhancements). The Q3 expenses of $5 million compare to following recent quarterly expenses (Q2 FY2018 $12 million, Q1 FY2018 $16 million; Q4 FY2017 $17 million; Q3 FY2017 $29 million; Q2 FY 2017 $28 million, and Q1 FY2017 $25 million).Doing the math, Wal-Mart’s 3Q FY2018 FCPA and compliance-related costs is approximately $81,000 per working day.Over the past 5 years, I have tracked Wal-Mart’s quarterly disclosed pre-enforcement action professional fees and expenses. While some pundits ridiculed me for doing so, it quickly caught on as the popular thing to do.And with good reason because, as has been noted in prior posts and in the article “Foreign Corrupt Practices Act Ripples,” settlement amounts in an actual FCPA enforcement action are often only a relatively minor component of the overall financial consequences that can result from corporate FCPA scrutiny.Pre-enforcement action professional fees and expenses are typically the largest (in many cases to a degree of 3, 5, 10 or higher than settlement amounts) financial hit to a company under FCPA scrutiny.Over the past 17 quarters, Wal-Mart’s FCPA and compliance-related costs have been approximately $80,000, $195,000, $260,000, $275,000, $465,000, $445,000, $396,000, $520,000, $470,000, $470,000, $516,000, $563,000, $640,000, $662,000, $855,000, $1.1 million and $1.3 million per working day.In the aggregate, Wal-Mart’s disclosed FCPA and compliance-related costs are as follows.FY 2013 = $157 millionFY 2014 = $282 millionFY 2015 = $173 millionFY 2016 = $126 millionFY 2017 = $99 millionFY 2018 = $33 million (Q1, Q2, Q3)TOTAL: $870 millionIf the $283 million settlement amount holds, Wal-Mart’s pre-enforcement action professional fees and expenses will be approximately three times more than the enforcement action settlement amount which, as highlighted above, is fairly typical. FCPA Institute – Boston (Oct. 3-4) A unique two-day learning experience ideal for a diverse group of professionals seeking to elevate their FCPA knowledge and practical skills through active learning. Learn more, spend less. CLE credit is available.
by, Kavan Peterson, Editor, ChangingAging.orgTweetShareShareEmail0 SharesThere are Irish Pubs, and then there’s J. Patrick’s Irish Pub in Baltimore, a homely, unpretentious, corner bar with the reputation as one of the best Irish pubs and Irish music venues outside the Emerald Isle. This reputation is based largely on the pub’s ever-present owner and proprietor, Joe Patrick Byrne, an avid fan of Irish music and connsumate barkeep who died this Saturday of cancer. Joe was 81.As one prominent Maryland citizen put it, J. Patrick’s was “a real gathering place for the Irish-American community of Baltimore, and it had the feel of a rural country bar, the type you find outside of Dublin. It was both warm and inviting.”“And Joe was a very hospitable man with a big smile. For years, he cared for his sick wife and he cared for the people of the neighborhood,” said Maryland Gov. Martin O’Malley.I first visited J. Patrick’s eight years ago to celebrate a friend’s birthday and I was so taken by the pub’s singular atmosphere that I have celebrated my birthday there every single year since. Part of the attraction is the free birthday shot of Midleton’s Rare Irish Whiskey, sacredly proffered from a wooden box by Joe himself. But the real reason I keep going back is the instant fellowship and welcoming atmosphere cultivated by Joe. One patron put it this way in Joe’s obituary:“He used to say, ‘If you walk in here a stranger and are one a half-hour later, it’s your own fault.’”Chatting with Joe I quickly learned that my great-great-great-grandmother shared the same name as Joe’s mother, Mary Byrne, so obviously he took me as extended family. American born, Joe had a deep affinity with his Irish heritage and was a devoted patron of “real” traditional Irish music. He allowed no other music in the bar, including famously turning away Gov. O’Malley’s Irish rock band, O’Malley’s March, for being a little too rock and roll. Joe also made a point of never installing TV’s in the bar to maintain an atmosphere dedicated to good conversation, music and dancing. In the back of the bar hangs a sign explaining the bar’s one golden rule:What I and other patrons of J. Patrick’s didn’t know was that Joe was also a dedicated caregiver to his wife, Geraldine, who lived with Parkinson’s disease the last 30 years of her life. At his funeral Joe’s family shared how he was able to be in two places at once, running the bar until closing seven days a week but also sneaking upstairs to his apartment every 45 minutes to be with Gerry.Over the years I’ve enjoyed my birthday shots, the best gravy fries ever and the ever-constant Irish music, ranging from world-renowned Irish performers to weekly open Celtic music circles.The fate of J. Patrick’s is uncertain after Joe’s death. I plan to do everything I can to support the bar but one thing is certain – the bar, and Baltimore, will not be the same without Joe Patrick Byrne.Related PostsThe Eden Alternative is Changing ‘Ageing’ in IrelandIreland is a country where the word of your mother is gospel. Every topic from whether you need to wear a coat out, to where the draft is coming from, she has an answer.Changing Aging in Maryland With the Governor’s Leadership in Aging AwardsChangingAging’s Dr. Bill Thomas was honored with a Lifetime Achievement Award by the state of Maryland at the annual Governor’s Leadership in Aging Awards. Watch the video to see performances by other award winners.12 People Who Are Changing Aging – No. 11TweetShareShareEmail0 SharesTags: elder
by, Dr. Bill ThomasTweetShare14ShareEmail14 SharesHippies created the first subculture in modern history to reject the inevitability of, and the necessity of entry into, adulthood. To reach this daring conclusion they had to defuse all of the American culture’s most valued mores, roles and expectations. They had to imagine and then choose to embrace life outside of both childhood and adulthood. They chose to explore the uncharted realms of NOT-adulthood. The Age of AquariusThe ability to see beyond what tradition, custom and culture tell you is normal, customary and expected is a remarkable gift. The ability to see what no one else has seen and do what no one else has done is what inspired the artists who first painted the cave walls in Lascaux. The Renaissance astronomers who first questioned the Earth-centric model of the cosmos and the amateur political philosophers who brought forth a democratic republic in North America also shared this radical commitment to free thinking. The Hippie movement’s historically unprecedented dismissal of adulthood was its most sterling achievement and its most unforgivable sin.Related PostsA Salute to the Hippies*Welcome Balloon-Juice readers! Tks to DougJ® for spreading the hippie love, you’re a real gone cat — The Ithacan Hippies created the first subculture in history to reject the inevitability of, and the necessity of entry into, adulthood. To reach this daring conclusion they had to defuse all of the…The EnthusiastsA website that bills itself as having the “biggest little list” of oxymorons on the internet offers all of the usual suspects including “enormously small,” a “genuine fake,” and “paid volunteer.” It also reveals our culture’s bias against aging. We find “active retirement,” a “young sixty” and “healthy aging” listed…How to CommentLast week a blogger, who goes by the name Doug J, created a link from his home blog Balloon Juice to our home blog Changing Aging. As a result, we experienced a fun influx of new readers and they left some pretty interesting comments. I thought that I would highlight…TweetShare14ShareEmail14 SharesTags: cult of adulthood DisruptAging Hippies
Source:https://www.tgen.org/news/2018/july/18/tgen-finds-dna-link-to-liver-disease/ Jul 19 2018DNA methylation is a molecular process that helps enable our bodies to repair themselves, fight infection, get rid of environmental toxins, and even to think. But sometimes this process goes awry.A team of scientists led by the Translational Genomics Research Institute (TGen), an affiliate of City of Hope, has identified how DNA methylation is associated with a condition known as non-alcoholic fatty liver disease (NAFLD), which can lead to liver cirrhosis and death, and is one of the leading indicators for liver transplants.In one of the most exacting studies of its kind, TGen scientists found evidence that DNA methylation has a role in the initiation of NAFLD-related fibrosis, according to a study published in the journal Clinical Epigenetics.Related StoriesHIV DNA persists in spinal fluid despite treatment, linked to cognitive impairmentPatients with HIV DNA in cerebrospinal fluid have high risk of experiencing cognitive deficitsResearchers explain how ‘viral’ agents of neurological diseases ended up in our DNAObesity and insulin resistance are associated with fat accumulation in the liver, and obesity is a significant risk factor for NAFLD. Using a City of Hope computer algorithm specifically designed for the task, researchers analyzed the biopsied liver tissues of 14 obese patients with advanced fibrosis or cirrhosis of the liver, and 15 obese patients with normal livers.”Our findings showed statistically significant evidence for differential DNA methylation between fibrotic and normal tissue samples from obese individuals,” said Dr. Johanna DiStefano, a TGen Professor and head of the institute’s Diabetes and Fibrotic Disease Unit.Importantly, the study zeroed in on four genes — AQP1, FGFR2, RBP5 and MGMT — that not only were methylated in this study, but also in three previous studies that were similar, but not specifically focused on advanced fibrosis in obese NAFLD patients.”These genes could represent targets for new therapeutics,” said Dr. DiStefano, the study’s senior author, who plans to pursue a larger study that would validate the initial findings in this pilot inquiry. “These approaches are yielding new insights into the pathological mechanisms underlying the development of fibrosis and cirrhosis in NAFLD.”Future studies will be needed to determine the extent to which DNA methylation patterns in the liver are represented in other metabolically relevant tissues. Such findings would be critical for the development of non-invasive biomarkers in the creation of an early-warning system for NAFLD, the study concludes.Samples examined in this study were from obese Caucasian female patients enrolled in the Bariatric Surgery Program at the Geisinger Clinic Center for Nutrition and Weight Management, with no history of significant alcohol or drug abuse, and who could be matched by age, sex, body-mass index and type 2 diabetes.