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Watch out for these roadworks affecting your journeys this week

first_imgNorth Staffordshire and South Cheshire Roadworks in the Staffordshire Moorlands Get the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailDrivers are being warned to expect traffic and travel delays due to roadworks across North Staffordshire and South Cheshire this coming week. Motorists hitting the roads of Stoke-on-Trent and the surrounding areas on Monday morning can expect a raft of delays and road closures waiting for them – including on major routes such as the M6 motorway, the A500 and the A50. The following roadworks are taking place in North Staffordshire and South Cheshire between Monday October 1 until Sunday October 7. This list contains only the roadworks considered to be most likely to cause delays on key routes as well as those involving road closures and temporary traffic lights. It is not exhaustive and does not feature some minor or emergency repairs that come up after publication. Other roadworks may finish or start before schedule or be cancelled altogether. The list is broken down by local authority area (with the M6 , A500 and A50 separate because they fall under the remit of Highways England) – you can also follow the links below for the specific list of roadworks for each area if you’re only interested in a particular road or town. All information from Highways England, local authorities and utility companies. Read MoreRoadworks from October 1 until October 4 Roadworks in Newcastle Borough Roadworks in South Cheshire A50 closed all weekendcenter_img Roadworks in Stafford Borough/Uttoxeter Roadworks on the M6, A500 and A50 Roadworks in Stoke-on-Trent M6: The M6 northbound exit slip at junction J19: From 22:00 on 1 October 2018 to 06:00 on 2 October 2018. Two lanes closed The M6 northbound exit slip at junction J17: From 22:00 on 1 October 2018 to 06:00 on 2 October 2018, From 23:30 on 2 October 2018 to 06:00 on 3 October 2018 and between 22:00 and 06:00 from 3 October 2018 to 6 October 2018. Two lanes closed each time. The M6 northbound between junctions J16 and J17: From 22:00 on 1 October 2018 to 06:00 on 2 October 2018, From 23:30 on 2 October 2018 to 06:00 on 3 October 2018 and everyday between 22:00 and 06:00 from 3 October 2018 to 6 October 2018. Three lanes closed each time. The M6 southbound between junctions J16 and J15: Expect disruption everyday between 21:00 and 06:00 from 3 October 2018 to 6 October 2018. Three lanes closed The M6 southbound between junctions J15 and J14: From 22:00 on 6 October 2018 to 08:00 on 7 October 2018. Three lanes closed The M6 southbound between junctions J15 and J13: Expect disruption everyday between 21:00 and 06:00 from 3 October 2018 to 6 October 2018. One lane closed The M6 northbound between junctions J14 and J15: From 22:00 on 6 October 2018 to 08:00 on 7 October 2018. Three lanes closed The M6 southbound exit slip at junction J14: Expect disruption everyday between 21:00 and 06:00 from 3 October 2018 to 6 October 2018. One lane closed A500: The A500 northbound exit slip to the A34: From 21:00 on 4 October 2018 to 06:00 on 5 October 2018. Two lanes closed The A500 northbound exit slip to the A527 North: From 21:00 on 1 October 2018 to 05:00 on 2 October 2018. Two lanes closed The A500 northbound entry slip from the A527 South: The A500 northbound entry slip from the A527 South. From 21:00 on 1 October 2018 to 05:00 on 2 October 2018 A50: The A50 eastbound between the A521 Blythe Bridge East and the junction with the A522: From 20:00 on 28 September 2018 to 05:30 on 1 October 2018 and From 20:00 on 5 October 2018 to 05:30 on 8 October 2018. Two lanes closed The A50 eastbound exit slip to the A522: Expect disruption everyday between 09:45 and 16:00 from 1 October 2018 to 5 October 2018. One lane closed The A50 eastbound entry slip from the A522: Expect disruption everyday between 09:45 and 16:00 from 1 October 2018 to 5 October 2018. One lane closed The A50 eastbound between the A522 and the junction with the A518: From 20:00 on 5 October 2018 to 05:30 on 8 October 2018. One lane closed. The A50 westbound entry slip from the A522: From 20:00 on 5 October 2018 to 05:30 on 8 October 2018. One lane closed. The A50 westbound between the A518 and the junction with the A521 Blythe Bridge East: From 20:00 on 28 September 2018 to 05:30 on 1 October 2018 and From 20:00 on 5 October 2018 to 05:30 on 8 October 2018 Stoke-on-Trent: Abbey Hulton: Multi-way traffic lights on Abbots Road from September 26 until October 3 Abbey Hulton: Multi-way traffic lights on Leek Road from September 3 until October 12 Bentilee: Two way traffic lights on Dividy Road between numbers 101 and 171 from September 7 until November 8. Blurton: Two way traffic signals on Church Road near Ashcombe Green from October 4 until October 10 Chell: Roadworks and road closures on Biddulph Road from September 24 until October 5 Cocknage: Road closure on Cocknage Road and Woodpark Lane from 9am until 3pm on October 2 Eaton Park: Roadworks and road closure on Slapton Close in Bucknall from October 2 until October 8 Etruria: Roadworks and road closure on Etruscan Street and Etruria Old Road, Etruria, from October 1 until October 19 Fenton: Carriageway incursion outside 235 and 237 King Street from September 25 until October 2 Goldenhill: Give and take traffic control on High Street outside number 678 from October 2 until October 4 Goldenhill: Give and take traffic control opposite number 622 from September 28 until October 2 Hanley: Two way traffic signals on A52 Leek Road from September 19 until October 1 Hanley: Roadworks and road closure on Slippery Lane until October 4 Hartshill: Multi-way traffic signals on Queens Road and Princes Road from September 26 until October 4 Longton: Roadworks and Road closure on Commerce Street and Market Place from June 7 until October 29 Longton: Two way traffic lights on Sutherland Road from September 24 until October 5 Longton: Roadworks and road closures on Spring Garden Road at junction with Trentham Road until October 29 Longton: Carriageway incursion on Times Square until October 29 Meir: Roadworks and road closure on Harvey Road from October 1 until October 3 Normacot: Multi-way traffic lights on Upper Normacot Road at the junction with Eversley Road from September 26 until October 9 Norton: Two way traffic controls on Norton Lane near St Bartholomews Church from September 28 until October 4 Penkhull: Multi-way traffic lights on Hunters Way from October 1 until October 5 Shelton: Ashford Street closed until November 10 Stanley Matthews Way: Two way traffic signals outside Stoke Audi from September 28 until October 2 Stoke: Carriageway incursion on London Road from September 25 until October 1. Stoke: Lane closure on Shelton Old Road from September 13 until October 2 Trent Vale: Carriageway incursion on A34 Newcastle Road from September 26 until October 9 Trent Vale: Lane Closure on A34 Stone Road near Riverside Road from August 13 until October 5 Tunstall: Multi-way traffic lights on High Street from October 1 until October 5 Tunstall: Roadworks and road closures on Lascelles Street from September 10 until November 5 Newcastle Borough: Audley: Two way traffic lights on Nantwich Road near Ivy House from October 3 until October 4 Baldwins Gate: Two way traffic signals near Lakeside Close from September 27 until October 3 Basford: Multi-way traffic lights on Etruria Road at junction with Victoria Street Blackbrook: Multi-way traffic lights at junction of A53 and A51 on October 2 Bradwell: Two way traffic lights along Bradwell Lane until November 30 Chesterton: Give and take traffic control on London Road from October 3 from October 5 Clayton: Two way traffic controls on Northwood Lane from September 27 until October 3 Crackley: Stop/go boards on Crackley Bank opposite 136 from October 1 until October 3 Crackley: Roadworks and road closures on Maple Avenue from October 1 until October 12 Cross Heath: Roadworks and road closures on A34 Liverpool Road near junction of Lower Milehouse Lane until October 12. Kidsgrove: Coronation Crescent closed from October 2 until October 5 Near M6: Multi-way traffic signals at junction of B5500 Nantwich Road at junction with Limbrick Road until October 12 Madeley: Two way traffic signals at Bar Hill on October 4 Mow Cop: Roadworks/road closure on Mow Cop Road, Mow Cop from the junction of Mow Cop Road from September 17 until October 26 Newcastle: Roadworks and road closure on Milborne Drive until October 5. Newcastle: Give and take traffic control on B5044 Silverdale Road from September 27 until October 1 Newcastle: Roadworks and road closure on Whitfield Avenue until October 9. Porthill: Multi-way traffic signals on Oakland Avenue and Inglewood Drive from September 17 until October 12 Silverdale: Multi-way traffic lights on High Street from junction with Mill Street to Parkfields Close from September 7 until October 29 Silverdale: Roadworks and Road closure on Hollywood Lane until March 20 2019 Staffordshire Moorlands: Biddulph: Roadworks and road closure on Troughstones Road from August 13 until October 15 Blackshaw Moor: Two way traffic signals on Buxton Road in Blackshaw Moor from October 4 until October 5 Blythe Bridge: Give and take traffic control outside numbers 443/445 Uttoxeter Road from September 28 until October 2 Brown Edge/Stockton Brook: Roadworks and road closures on Willfield Lane, Edgefields Lane and Moss Hill on October 3 Cheadle: Roadworks and road closure on Ashbourne Road near Lightwood Farm from October 4 until October 8 Fole: Multi-way traffic lights on Uttoxeter Road and Fole Lane on October 1 Forsbrook: Two way traffic signals on Draycott Old Road from September 26 until October 12 Hollington: Two way traffic lights on Main Road in Hollington from March 14 until December 4 Leek: Multi-way traffic signals on Abbotts Road from September 10 until October 26 Leek: Multi-way traffic signals at junction of Ball Haye Green, Haregate Road and Novi Lane from September 10 until October 26 Leek: Carriageway incursion on Broad Street at junction with King Street on October 3 Leek: Temporary traffic lights on Southbank Street near junctions with London Street, Shoobridge Street, Leonard Street and Westfields from September 10 until October 18. Leek: Two way traffic signals on West Street from October 1 until October 4 Waterhouses: Two way traffic controls on Ashbourne Road near WC Tanker Services from September 28 until October 2 Wetley Rocks: Multi-way traffic lights on Randles Lane on October 1 Whiston: Black Lane closed for work to be carried out on disused railway bridge from September 17 until October 26 Stafford Borough: A34: Lane closure on A34 from Monkey Forest Island to M6 J14 Island from September 17 until October 8 Derrington: Roadworks and road closure on Long Lane between Dale Lane and Handfords Cottage from August 28 until November 19 Eccleshall: Roadworks and road closure on Green Lane from September 24 until October 19 Gnosall: Multi-way traffic signals on Knightley Road in Gnosall from September 27 until October 4 Hyde Lea: Two way traffic control on Hyde Lea Bank from October 5 until October 10 Little Haywood: Stop/go boards on High Chase Rise from September 29 until October 3 Meaford: Multi-way traffic lights on Meaford Road from September 12 until September 25 at the roundabout of Meaford Road and Tower Road until October 1 Meaford: Two way signals on Rookery Lane from September 12 until October 1 Meaford: One lane closed on A34 on Stone Road in Meaford from October 2 until October 11 Meir Heath: Two way traffic signals on Common Lane in Meir Heath until October 1 Norbury: Roadworks and road closure on A519 from September 20 until October 24 Ranton: Stop/go boards on Brook Lane outside All Saints Church on October 4 Sandon: Roadworks and overnight closures at level crossing on B5066 Sandon Bank from September 29 until October 1 (Road closed from 10pm until 6am) Saverley Green: Multi-way traffic signals on Sandon Road from September 27 until October 1 Stafford: Temporary traffic lights on Beaconside until April 2019 Stafford: Roadworks and road closure on Baswich Lane near the canal bridge from September 10 until December 14 Stafford: Two way traffic lights on Bridge Street from September 25 until October 3 Stafford: Burton Bank Lane Footway closed until October 18 (over M6). Stafford: Two way traffic signals on Lichfield Road near St Pauls Church on October 7 Stafford: Carriageway incursion on Marston Road outside number 129 from September 29 until October 3. Stafford: Carriageway incursion on Newport Road outside number 32 from September 18 until October 1 Stafford: Roadworks and road closures on Shakespeare Road, Coleridge Drive, Tennyson Road and Somerset Road from August 6 until November 9 Stafford: Carriageway incursion on Stone Road adjacent to numbers 91 and 87 from September 27 until October 4 Stone: Roadworks and road closures at Aston Roundabout (A34/A51) from August 20 until November 2. Stone: Roadworks on Eccleshall Road between Walton and the M6 from September 20 until November 1 Stone: Temporary traffic lights on Eccleshall Road from October 1 until October 8 Stone: Carriageway incursion on Granville Square from October 3 until October 9 Woodseaves: Roadworks and road closure on A519 Newport Road from August 13 until October 22 Uttoxeter and surrounding areas of East Staffordshire: Church Leigh: Roadworks and Road closure on Bents Lane from September 24 until October 8 Doveridge: Multi-way traffic lights at the junction of Cook Lane and Park Crescent from September 27 until October 1 Uttoxeter: Two way traffic signals on B5030 Ashbourne Road bear junction with Holly Road from October 1 until October 3 Uttoxeter: Give and take traffic signals on Carter Street from September 30 until October 3 Uttoxeter: Multi-way traffic signals on Uttoxeter Road from the junction with the A522 New Road and Bentley Road to the access to the JCB World Parts Centre until November 18. Willslock: Stop/go boards on B5013 Abbots Bromley Road from October 4 until October 5 South Cheshire: Alsager: Carriageway incursion on Close Lane from October 6 until October 16 Alsager: Two way traffic signals on Dunnocksfold Lane and Close Lane from October 1 until October 5 Alsager: Two way traffic signals on B5077 Crewe Road from October 2 until October 4 and on October 7 Alsager: Two way traffic signals on B5077 Lawton Road on October 1 Alsager: Multi-way traffic lights on Linley Road at the junction with Linley Lane from September 3 until October 5. Alsager: Multi-way traffic signals on Pikemere Road from August 6 until October 12 Alsager: Multi-way traffic lights on B5078 Sandbach Road North from October 1 until October 10 Bosley: Two way traffic lights on Tunstall Road near Bosley Wood Treatment until February 2019. Betchon: Multi-way traffic on A533 Cappers Lane on October 2 Brereton: Two way traffic signals on A50 Newcastle Road at the junction with Holmes Chapel Road from September 18 until October 5. Congleton: Roadworks and road closure on Astbury Lane Ends from September 28 until October 3 Congleton: Carriageway incursion on Back Lane on October 2 Congleton: Carriageway incursion on Back Lane near junction of Longdown Road from August 20 until October 1. Congleton: Multi-way traffic lights on Canal Road from October 3 until October 5 Congleton: Two way traffic signals at the railway bridge on Middle Lane from October 6 until October 7 Congleton: Roadworks and road closure on St John’s Road and Wharfedale Road from October 3 until October 9 Crewe: Roadworks and road closure on Alton Street from Walthall Street to Electricity Street from October 2 until October 4 Crewe: Carriageway incursion on Broad Street from October 4 until October 8 Crewe: Carriageway incursion on Broughton Road from September 24 until October 22 Crewe: Ongoing roadworks at Crewe Green Roundabout until December 1 Crewe: Carriageway incursion on A534 Crewe Road from October 1 until October 3 Crewe: Multi-way traffic signals on Davenport Avenue at junction with Gresty Road from September 10 until October 22 Crewe: Give and take traffic control on Fuller Drive from October 2 until October 4 Crewe: Roadworks on Heywood Green on October 2 and from October 5 until October 9 Crewe: Roadworks on Maw Green Road until October 31 Crewe: Multi-way traffic signals at junction of Middlewich Road/Wistaston Green Road from July 23 until October 25. Crewe: Roadworks and road closure on Moreton Road from September 29 until October 1 Crewe: Multi-way traffic signals on A534 Nantwich Road between October 6 and October 7 Crewe: Roadworks and road closure on Nelson Street from October 4 until October 9 Crewe: Carriageway incursion on Plane Tree Drive from October 3 until October 5 Crewe: Roadworks and road closure on Queens Park from September 30 until October 3 Crewe: Stop/go boards on Rope Lane near junction with Crewe Road from September 27 until October 1 Crewe: Give and take traffic control on Park Drive from October 2 until October 5 Crewe: Two way traffic lights on A5020 University Way near the Pioneer site from September 24 until October 5. Crewe: Two way signals on A532 West Street from October 6 until October 7 Crewe: Roadworks and road closure on Wheatley Road from October 4 until October 8 Crewe: Road closures around A5078 Wistaston Road from September 22 until November 11 Crewe: Stop/go boards on Woodbank Close on October 5 Hassall: Two way signals on Alsager Road in Hassall on October 3 Moston: Two way traffic signals on Dragons Lane in Moston from September 26 until October 2 Nantwich: Give and take traffic control on Audlem Road from July 30 until October 5 Nantwich: Stop/go boards on Cronkinson Oak on October 2 Nantwich: Roadworks and road closure around London Road Roundabout from September 25 until October 1 Nantwich: Two way signsals on B5074 London Road outside number 13 on October 2 Nantwich: Multi-way traffic signals on A51 London Road from October 2 until October 4. Nantwich: Carriageway incursion on A530 Peter Destapleigh Way from October 1 until October 14 Nantwich: Two way traffic signals outside A530 Shrewbridge Road from October 2 until October 5 outside Shrewbridge Lodge Nantwich: Stop/go boards on Taylor Drive and Edmund Wright Way from September 28 until October 14 Nantwich: Two way traffic signals on B5341 Wellington Road outside number 40 on October 7 Oakhanger: Two way traffic lights on Butterton Lane on October 1 Radway Green: Two way signals on Butterton Lane from October 2 until October 4 Radway Green: Radway Green Road closed over M6 from 8pm on October 1 until 4am on October 2. Sandbach: Some carriageway incurson on Bradwall Road near junction of Wesley Avenue from October 3 until October 5 Sandbach: Multi-way traffic lights on A534 Congleton Road between October 2 and October 4 Sandbach: Carriageway incursion on A533 London Road outside Wilkinson from October 1 until October 2 Scholar Green: Roadworks and road closure at Bridge 92 on Little Moss Lane from September 26 until October 24 Scholar Green: Roadworks and road closure on Nursery Road on October 5 Shavington: Stop/go boards on Ashcroft Avenue on October 2 Shavington: Roadworks and road closure on Dig Lane on October 3 Shavington: Carriageway incursion on B5071 Stock Lane from October 5 until October 8 Wildboarclough: A54 Buxton Road closed in both directions until November 4. Williaston: Two way traffic signals on Colleys Lane from September 26 until October 4 Winterley: Roadworks and road closure on Coppice Road from October 3 until October 5last_img read more

Rep Berman fights for increased government transparency with first bill

first_img14Jan Rep. Berman fights for increased government transparency with first bill Categories: Berman News State Rep. Ryan Berman submits his government transparency plan to the House enrolling clerk.State Rep. Ryan Berman, along with a bipartisan group of his Michigan House colleagues, has introduced a comprehensive plan to increase the transparency of state government.Berman, of Commerce Township, said Michigan is one of a very few states that still exempts its governor, lieutenant governor and the Legislature from sunshine laws. The bipartisan solution would remove these exemptions and make the government more accountable to the people of Michigan.“Transparency isn’t a partisan issue,” Berman said. “Transparency is about being open and accountable to the people we’re here to serve.”The transparency plan will subject the Legislature to a new Legislative Open Records Act (LORA) and the governor and lieutenant governor to the provisions of the Freedom of Information Act (FOIA).“State representatives, senators and the governor should be held to the same transparency laws as local governments and school boards. It makes no sense to exempt our elected state officials from these important standards,” Berman said. “It’s time to update the law and set an example of openness and honesty.”Just like some documents containing sensitive personal information are exempt from disclosure by local governments under the current FOIA law, the new LORA will exempt some records, including letters to and from people in the district, human resources files, and ongoing legislative investigations or lawsuits.The plan, laid out in House Bills 4007-16, has been referred to the House Government Operations Committee for consideration.###last_img read more

UK subscriptionfree satellite TV service Freesat

first_imgUK subscription-free satellite TV service Freesat has launched a new low-cost Freesat HD box that includes its connected TV service freetime. The Humax-manufactured box goes on sale today at a recommended price of £99 (€118) from retailers including John Lewis, Currys PC World.Freesat’s Chief Technology Officer, Matthew Huntington, said that the new Freesat HD with freetime box was a “natural extension of our award-winning TV service.”Freesat launched freetime a year ago and the service offers a roll-back TV guide, daily TV recommendations and on-demand services including the BBC iPlayer, ITV Player, 4oD, Demand 5 and YouTube.“The affordable Humax HB-1000S brings the seamless freetime TV guide to cost-conscious consumers, opening up the opportunity for more people to benefit from this leading subscription-free satellite service,” said Graham North, commercial director of Humax.last_img read more

Tech giant Apple considered a move for its media c

first_imgTech giant Apple considered a move for its media counterpart Time Warner, according to the UK Financial Times, which added that banking sources said it would be more likely to move for Netflix.The newspaper said Apple’s Eddy Cue, who reports directly to CEO Tim Cook, discussed a possible move for Time Warner with the company’s strategy chief Olaf Olafsson, adding talks never progressed beyond a preliminary stage.It went on to cite several unnamed banking sources who suggested it would be more likely to move for a streaming service such as Netflix, which would be a better fit.Netflix, which went from market star performer to enduring a period in which its stock price was fluctuating down- as well as upwards, ended up 2.6% on the day on the back of the Apple stories. It registered gains earlier this week when it said its movies deal with Disney will kick in later this year.Back in 2014 News Corp. was rebuffed in an approach for Time Warner and subsequently dropped its interest.last_img read more

Interviewed by Louis James Editor International

first_img(Interviewed by Louis James, Editor, International Speculator)L: Doug, we’ve had a lot of questions from readers about the apparent push governments are making to go to paperless currency – all electronic, no cash. Do you think that’s likely, and what would be the implications?Doug: I think it’s probably inevitable. It’s not just cash, but the whole world is becoming increasingly digital. Credit cards already work very well all around the world, and everyone in the world, it seems, will soon have a smartphone – or at least everyone who might have any cash.But it’s not just a question of evolving technology. Governments hate cash for lots of reasons, starting with the fact it costs a couple of cents to print a piece of paper currency, and they have to be replaced quite often. As the US has destroyed the value of the dollar, they’ve had to take the copper out of pennies, and soon they’ll take the nickel out of nickels. Furthermore, with modern technology, counterfeiters – including unfriendly foreign governments – can turn out US currency that’s almost indistinguishable from the real thing. And the stuff takes up a lot of space if it’s enough to be of value. So sure, governments would like to get rid of tangible currency. They’d like to see all money kept in banks, which are today no more than arms of the state. But it’s not so simple: increasing numbers of people trust neither banks – most of which are insolvent – or currencies – most of which are on their way to their intrinsic values.L: Hm. On the technology front, when I was in central Africa a few weeks ago, plastic money was accepted happily everywhere I went – Rwanda, Burundi, the DRC, and Kenya – though not by street vendors yet. And I had access to the Internet everywhere I went, even in the middle of the jungle…Doug: Yes, the move towards digital currencies is already happening, and not just as a result of government efforts. Remember Bitcoin. And, as you know, I’m a big fan of Goldmoney.com, which is leading the way to a sound digital currency. Although Goldmoney.com has bowed to government pressure and has suspended its service allowing customers to transfer funds among one another, it’s another sign of the times…L: Yes, and Goldmoney.com is not the first attempt, nor will it be the last. We should mention to new readers that you are an investor in Goldmoney.com.Doug: The world’s going to digital currencies is in part a good thing, because it’s convenient. But it’s definitely a double-edged sword, because of government involvement in the field. If it were a strictly market phenomenon, I’d have no problem with it. It’d be just another choice. But if the state runs it, it would reduce people’s choices – and privacy. But that’s entirely apart from the fact that government – and I know this assertion will be shocking to most readers – has no business creating currency or minting money. Money, of all things, should be a purely market phenomenon. Government, as an institution, inevitably and necessarily corrupts everything it touches. Money is far too important to be left to the tender mercies of the state.L: Sure. A completely digital currency would be an unlimited license to print and spend. Need to give people more welfare? Just tap a few keys, and it appears in their bank accounts. Need to buy more missiles? Just a few more taps on the keyboard… But the privacy issue is even scarier: digital money would seem like Big Brother‘s dream come true. They wouldn’t even have to send their minions out to go through people’s trash. They could see everything anyone ever spent money on and where they were physically when they did it, search for activity nearby, and much more, just by having computers report the details of people’s accounts.Doug: Exactly. They would justify it with a host of phony excuses ranging from the so-called War on Terrorism to the so-called War on Drugs. Maybe they’ll tie it in to their disastrously failed War on Poverty. As the War on Islam heats up, one front will be an attack on the excellent Muslim hawala system, which allows cheap and reliable transfer of money between countries; that system, which is kind of a private SWIFT network, is excellent for evading FX controls. Ironically, Islamic countries are some of the very worst perpetrators of currency controls.L: Maybe that’s why the informal network exists in the first place? But yes, they gotta stop those evil money launderers from washing their money and hanging it out to dry…Doug: Don’t get me started on “money laundering.” It’s a completely artificial crime. It wasn’t even heard of 20 years ago, because the “crime” didn’t exist. Now, everyone speaks of it as though it were a real crime, like murder. It’s ridiculous, and further proof of the totally degraded state of the average person worldwide, absolutely including US citizens – what we used to call Americans. The government proclaims something as a law, and “sheeple” robotically assume it’s part of the cosmic firmament. If an official tells them to do or not to do something, they roll over on their backs like whipped dogs and wet themselves out of fear. The War on Drugs may be where “money laundering” originated as a crime, but today it has a lot more to do with something infinitely more important to the state: the War on Tax Evasion.Incidentally, not that a US citizen can open an account with a Swiss bank anyway any longer – except with at least seven figures and loads of paperwork – but now the policy in Switzerland is to insist that clients prove that their funds are all tax paid. The situation is out of control. And the world’s governments are increasingly working together to make sure no one slips through the net.L: Gotta keep the cattle in line.Doug: That’s right; the US has sent swarms of agents all around the world to bully and cajole bureaucrats in other countries into giving them access to bank account information and to impose income taxes in places that didn’t have them. In Uruguay, where I was last week, for example, there was no income tax two years ago. Now there is. And they’re trying to do the same thing in Paraguay. That’s about the last personal-income-tax holdout among the larger countries of the world.L: When I was in Paraguay last, they had passed an income-tax law, but it was being blocked from implementation by the legislature itself, on procedural grounds. I was told that since all of the legislators are deeply corrupted, none of them want to have to account for their income, and that’s why the measure will never be implemented. “Never” seems a bit optimistic, but it reminds me of your call to make corruption your friend. At any rate, why would the US government care if other countries have income taxes – so they can have tax treaties with them?Doug: I’m sure that’s part of it. A bigger part may be that countries with high tax burdens want so-called tax harmonization, so it’s less tempting to businesses and individuals to leave their borders and go where they can benefit from a lower tax burden – or pay no taxes at all. Governments all around the world, in spite of their differences, share a concern about their income streams – especially since most of them are absolutely bankrupt now – and their bureaucracies work together closely when it suits them. For example, the reason why you get asked if you are carrying more than $10,000 in cash on you when you board an international flight these days, even in a tiny African or South American country, is that it’s an OECD standard that’s been… enthusiastically encouraged. When it first started, it was only $3,000, but that generated too much work for them, so they raised it to $10,000. But all the bad ideas in the world now seem to be coming out of the US.You know, up until the Bank Secrecy Act of 1971, Americans didn’t have to report foreign bank accounts or brokerage accounts. Reporting income generated by such accounts was required, but the existence of the accounts themselves was not required. The rules and reporting requirements have now become so draconian that most foreign banks don’t even want to see a US taxpayer darken their door, let alone open an account for one. It’s a cancer, spreading out from the US.L: So, is this trend inevitable? At some point will Big Brother know everything about all transactions?Doug: Yes. And if they can’t get everything they want from you off your cell phone, which will probably also become your wallet with a digital credit-card app at some point in the near future, they will be able to monitor everything physically via the swarms of tiny spy drones they will flood the skies with. The technology will soon make this cheap as dirt, and computational power is increasing rapidly to the point where it will be possible to process all the images.L: Only if the people don’t divulge everything they are doing and whom they are doing it with on Facebook and Twitter.Doug: [Laughs] Ah, yes, Facebook, the CIA’s most successful covert op. I idiotically opened a Facebook account some years back because someone convinced me it would be a good way to keep in touch with old school friends I’d lost touch with. Now I get scores of people who want to friend me every month, and I know very, very few of them. It will be one-stop shopping for Homeland Security to round up the usual suspects when they feel the time is right. I hate Facebook and never use it for anything. I wonder how many of my Facebook friends are actually government stooges out looking for somebody to railroad…L: A sobering thought.Doug: I have to say that the prognosis for privacy is very grim. The only possible saving grace I can see is that the snoops may end up with information overload, most of it worthless or irrelevant. That’s what seriously impeded the East German and Romanian secret police. But with computer technology getting better and better, there’s not much reason to believe Homeland Security will be buried the way the Stasi was with its primitive technology.I really see no way to stop this trend, nor hide from it – at least in the US or Europe. There’s one thing, however, we can hope for: the coming collapse of the modern nation-state. This will happen, sooner or later, in Europe and North America, at least. This is a possible bright side of the building worldwide financial collapse; it might bring down Big Brother… although it’s more likely, I’m afraid, that he’ll redouble his efforts to control everything. Unfortunately, the immediate aftermath of that collapse is likely to be very unpleasant, especially for those in the most developed and powerful countries.The best way to insulate yourself from this, therefore, is to live in a country whose government doesn’t have the power, financial resources, or technical ability to do these things. As per our last conversation, Africa might be a good place to get out of harm’s way, but it’s a bit too far off the beaten path for my taste and has way too many problems. That’s why I like Latin America.L: What about the hope that if people get pushed too far, they may rebel? Everyone has things they don’t want made public, even those with absolutely nothing nefarious about them. A total lack of privacy would seem intolerable, after some – probably short – period of time. As Princess Leia told Governor Tarkin in the original Star Wars movie: the tighter they squeeze their fist, the more people will slip through their fingers. Or maybe not. It is, frankly, very dismaying to me that the Big Brother concept has been turned into a “reality” TV show.Doug: People may think it’s funny now, or even an egalitarian ideal to live in a society in which no one has any secrets, but that won’t last. If only in relation to currency controls – what we started out talking about – I think there’s something to your Star Wars quote. The more total the monitoring and control the state achieves over the legal economy, the more it will push people into the black market. We saw that in Soviet times. Stringent and very intrusive state monitoring, compulsion, and punishment only made the informal market flourish all the more. I’m sure this will happen. Even North Korea has an active black market. But I don’t like that term. What’s called “the black market” is really the free market; it’s heroic. The legal market – with all its taxes and regulations – is actually the one in need of either radical reform or abolition.L: But the monitoring beyond finance – your drone swarms – might make noncompliance too risky for most people to try.Doug: True. And maybe the US will get not just 10% of the population hooked on stuff like Prozac, but 20% or 50%. As Aldous Huxley pointed out in Brave New World, it’s much easier to control zombies. That’s another reason why I think that hope for the future rests in what are today derided as corrupt Third-World countries. If you’re going to have a ridiculous number of impossible laws, corruption is a good thing. Increasingly, what matters is not the number or even nature of laws on the books in the place you live, but the amount of actual control the state has over private individuals. Corruption subverts idiotic laws; it’s the next best thing to abolishing them.L: I’ve often said that on paper, the US is freer than Mexico, but in fact, Mexico has become much freer than the US, in spite of its legally powerful socialist government. The average Mexican considers tax evasion to be a universal given, but US taxpayers fear their government – a letter from the IRS can cause instant weight loss.Doug: It’s certainly true that in Argentina, where I’m building a new home, people don’t fear their government. Well, not in the police-state sense, anyway; they see it as more of a nuisance. It’s probably more accurate to say they are resigned to their government destroying the economy periodically than to say they actively fear it. If I get pulled over for speeding in Argentina – which itself would be highly unusual – I feel that I have nothing to fear at all, whereas back in the US, I could end up getting tased, have my car taken, and do jail time for saying or doing the wrong thing, even without harming anyone. Any contact with the police in the US brings an increasing risk of a lethal outcome these days. I understand that there are about 40,000 SWAT raids on real and imagined targets every year, and the number is growing fast.Another contrast: in Argentina, most people despise the police and military, whereas in the US, they are apotheosized. This tells you a lot about the psychological states of these populations – it’s a very bad trend in the US.L: On the subject of Argentina, perhaps we should mention that readers who’d like to meet you could head down there for the upcoming harvest celebration.Doug: Well, I’m in the middle of one right now, but another is coming up next week, and there’s still time to sign up for that one. Sure – we have a lot of readers, and I’ve enjoyed meeting many, but it would be nice to get to know more of them. And it’s a nice time to get away from the dying days of winter in the northern hemisphere and come to a place where the weather is pleasant and the wines are fantastic. And I’m really tickled with our world-class gym, spa, and all the rest of it.L: Very well. Investment implications?Doug: Well, this highlights the importance of owning gold, but not for investment purposes or even for the financial prudence we’ve spoken of before, but for a different kind of prudence: privacy – and even freedom.One thing that has changed since we started having these conversations – back when gold was trading at about $600 per ounce – is that having approached $2,000 per ounce, and being likely to surpass that level soon, governments are going to start clamping down on gold more and more. Back when gold was under $300 an ounce, it wasn’t convenient to carry large nominal sums in gold – it was too bulky, too heavy. A roll of hundred-dollar bills was less trouble. But now you can hide $20,000 in one hand using gold. This has not gone unnoticed by the bad guys, and customs and immigrations forms of several countries have started asking not only if you are carrying more than $10,000 in cash, but specifically gold. Incidentally, to keep up with this type of thing, I urge readers to sign up at International Man, which has a great, free daily letter.L: I agree; it’s an excellent publication. That’s an interesting admission for Big Brother to make, asking people to declare cash and gold; in effect, it admits gold’s value as money… But okay, if the state achieves total monitoring and control of the legal economy, and the informal economy becomes much larger, would that not greatly increase the demand for gold? The black market is, as you say, a free – if somewhat chaotic – market, so, according to you and Aristotle, would not gold emerge as the money of choice in that market? And would that not add to the speculative reason for owning gold in addition to the reasons of prudence?Doug: Yes, and yes. Other sub-trends speculators might look for, within the overall trend of digitalization of our world, would lie in various new technologies this will make possible. Many of them would be very positive and profitable for those who deploy them commercially first. This is the sort of thing Alex Daly keeps tabs on in our Casey Extraordinary Technology letter.L: That reminds me of what you said about our phones becoming our wallets. You already don’t really need a physical card to make most revolving credit purchases, just the information on the account. Not only do we buy all sort of thing online these days with this information, but there are chips that transmit gas-card info to gas pumps so we don’t even need to get our wallets out to fill up our tanks. Who knows where that will end up, but I can imagine that as phones and computers (and what used to be TVs) all merge into one technology – which already includes payment systems – money will get folded into this technology as well.Doug: I fully expect that, even though I still don’t own a cell phone and really loathe the things. As an individual human being, I’m going to keep on paying for things in cash for as long as I can – and to me, gold is the real cash of the world. But as a speculator, I think there’s a lot of money to be made investing in the developers of these technological innovations.L: Good luck with that fight. As Locutus of Borg said, “Resistance is futile. You will be assimilated.” There are computer chips in clothing, in cars – heck, it won’t be long before they’re in our food and in the drinking water… Only to help doctors monitor our health, of course.Doug: I know, I know. The prison planet we live on could get pretty ugly before it frees up again. I fear that before things get better, they will have to get much worse, and our world will soon come to resemble a cross between Huxley’s Brave New World and Orwell’s 1984 – or maybe Soylent Green if it gets really bad.L: Another cheerful thought, Doug.Doug: You know I call ’em like I see ’em. I hope many of our current readers will look into The Casey Report as well, if only because this month has part two of a long article that I’m rather fond of, titled Evil, Stupidity, and the Decline of America, which examines the root causes of the pickle the West is now in.But the greater the invasion of privacy, the greater the need for privacy there will be – and the market will respond. I doubt you’ll need stolen eyeballs for retina scans, as in the movie Minority Report, but technologies that identify you to the monitors as a Boy Scout from Iowa (with a perfect grade-point average, totally clean driving record, and no arrests or interrogations) will certainly become available. Clean digital identities should become highly lucrative commodities, all the more so for being illegal. But, with any luck, when the revolution comes – and it will, even though it will be most unpleasant, inconvenient, and dangerous – I hope it turns out more like the revolutions in V for Vendetta or the American Revolution than the one in France under Robespierre. In any event, there’s no doubt in my mind that things will get much worse before the world reboots and gets better again.L: Well, that’s marginally better. As has been observed before, as in the times of chattel slavery, for example, when laws become unjust, just people must become outlaws.Doug: Just so. Maybe we’ll all have our chance to play Robin Hood against an evil king.L: Right then. Thanks for your thoughts… I’ll have to take a closer look at our technology picks for my own investment portfolio.Doug: You should. And you’re welcome. Talk to you soon. In the meantime, live, and be wellL: Until next time.last_img read more

Fantastic essay – Linda

first_imgFantastic essay! – Linda Recommended Link For the first time ever: a guided tour of Doug’s Ranch in UruguayDoug Casey was kind enough to take our cameras on a guided tour of beautiful Uruguayan Estancia. We even captured Doug showing off a few special pieces in his art collection. Click here for a rare look inside the private life of one of the world’s most reclusive millionaires. Recommended Link By Justin Spittler, editor, Casey Daily DispatchCalifornia just made history.Last week, state regulators announced a new mandate that will require all new homes to have solar panels. The law applies to single-family homes and low-rise apartment buildings. It will go into effect in 2020. As a result, California became the first state to introduce such a mandate.And as I’ll show you in today’s Dispatch, this isn’t just big news for the people of California.It’s big news for all Americans… and it’s a massive investing opportunity.I’ll tell you why in a second. But let’s first take a closer look at the mandate… and how it will impact people living in California. — Hi guys, Tell John Hunt his article was absolutely spot-on, just brilliant.– Anthony center_img — • The mandate is expected to add $9,500 in costs for each new home built…Now, some folks worry that this will make it even less affordable to buy homes in California. That’s the bad news.The good news is that the average Californian is expected to see $19,000 in energy savings over the next 30 years.This mandate will have serious ripple effects. In fact, I wouldn’t be surprised at all if Florida, Nevada, or even Texas eventually introduced similar legislation.If that happens, more and more Americans will need to buy solar panels. And that will obviously be good news for the solar panel companies. But here’s the thing…• The solar energy industry will flourish even if other states don’t follow California’s lead… There’s a simple reason for this.Solar energy has become very cheap. According to a recent report from asset management firm Lazard, the cost of solar power has declined 86% since 2009. That’s the biggest drop of any major energy source.As a result, one megawatt hour of solar power now costs just $50. That’s less than half of what it costs to produce one megawatt-hour of coal power ($102). And get this… solar energy currently accounts for just 2% of U.S. electricity needs. So, solar energy will become even cheaper as the industry achieves economies of scale.This will encourage even more people to adopt solar energy for their energy needs.You can see where I’m going with this. But look, I’m not the only investor bullish on solar stocks. Just look at this chart of the Guggenheim Solar ETF (TAN), which invests in a basket of solar stocks.You can see that TAN surged 9% following California’s big announcement. It’s now up 46% over the last year. That’s a big move. But solar stocks should climb much higher in the coming months.Check out this chart to see why. It compares the performance of TAN to the S&P 500.When this line is rising, it means that solar stocks are doing better than the S&P 500. When it’s falling, it means they’re doing worse.You can see that solar stocks have been underperforming the market for the past 10 years. This means they have a lot of catching up to do. But the trend has changed direction over the past few months… and solar stocks will continue to move higher, thanks to California’s mandate and the industry’s rapidly improving economics.So, consider investing in solar stocks if you haven’t already. You can easily do so with TAN.As I mentioned earlier, this ETF invests in a basket of solar stocks and allows you to bet on this big trend without taking on any company-specific risks.Regards, Justin Spittler Buenos Aires, Argentina May 18, 2018Reader MailbagToday, lots of great feedback on Wednesday’s Dispatch featuring an important update on Argentina and a new essay from John Hunt…Nice essay, Justin. – Peter New tool could disrupt the entire $8 trillion food industry Scientists recently discovered a new tool hidden in billion-year-old bacteria that could disrupt the entire $8 trillion global food industry… This could mean 35X growth for the industry at the center of this new technology. Click here to learn more. Beautiful. Perfect. Now I see why John Hunt and Doug Casey are writing novels together. Always nice to be reminded that I’m not completely alone in my view of government people. Thanks! – Gordon As always, if you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…Doug Casey just found a crypto guru worthy of Casey Research subscribers…This bright young German has been involved with digital currencies since he invested in e-gold in the late ’90s—long before the current blockchain breakthrough.And like Doug, he’s a truly an “international man.” He made so much money from cryptos; he dropped everything and traveled the world for five years. And now, he has an important message…last_img read more

Welcome to a new season of Invisibilia The NPR pr

first_imgWelcome to a new season of Invisibilia! The NPR program and podcast explores the invisible forces that shape human behavior. Episode 3 involves two brothers who are happy about the polite, helpful tenant who moves into their mother’s house, until they start to suspect he has sinister motives. Here at Shots, we are exploring the main theme of the story — the things left unsaid, and the havoc they can cause on your personal relationships — with an essay by behavioral scientist Nicholas Epley.The average human brain contains roughly 100 billion neurons, each of which is attached to thousands of other neurons, meaning that another person’s brain is likely to be the most complicated thing you will ever think about. And yet, despite this dizzying complexity, you and I routinely guess what’s going on in the mind of other people almost as easily as we breathe.It takes only a split second to form an impression about another person’s intelligence or intentions, guess what our spouse or a homeless person is feeling, and predict what a political opponent is thinking. You can even leap quickly to conclusions about people in situations you’ve never experienced before, from what’s going on in the mind of our president to the mind of a homeless person begging for food. Making judgments about another person’s mind is easy. Making judgments accurately, however, is hard. In fact, our research indicates that it is surprisingly hard.Consider, for instance, an experiment that Tal Eyal, Mary Steffel and I conducted that put people’s beliefs about their mind reading abilities to the test. We recruited people who we thought would know something about each other, namely romantic couples. These couples had been together for an average of 10 years. Fifty-eight percent were married.One person in each couple played the role of Responder, reading 20 statements and reporting how much he or she agreed with each one on a scale ranging from minus 3 (strongly disagree) to 3 (strongly agree). These statements included, “I would like to spend a year in London or Paris,” “I would rather spend a quiet evening at home rather than go out to a party,” and “Our family is too heavily in debt today.”The other member of each couple played the role of Predictor, guessing how his or her partner would respond to each statement, and also predicting how many of the statements he or she guessed correctly. Think of this as something like The Newlywed Game for science.Our Predictors believed they guessed an average of 13 items out of 20 exactly correctly. In truth, the task was much harder than our predictors expected. They actually guessed only five, on average, correctly.The problem with our inferences about others is not incompetence, but hubris. We tend to think we understand each other better than we actually do.So what’s a person trying to understand the most complicated thing on this planet to do? Dale Carnegie offered a suggestion in 1936: Principle 8. In what has become the Bible of social relations, How to Win Friends and Influence People, Carnegie describes his eighth principle as a method that will “work wonders” for you: “Try honestly to see things from the other person’s point of view.” That is, do some perspective-taking.Even if you never read Carnegie’s book, his suggestion has a powerful ring of common sense to it. Indeed, the vast majority of people we surveyed predicted that actively adopting another person’s perspective would help them understand another person better in a variety of ways, from understanding another person’s reaction when looking at a picture to predicting movie preferences.Our research, however, suggests that this bit of common sense is at least somewhat mistaken. When we tested the impact of perspective-taking on accuracy in a series of 25 experiments we recently published, we found no evidence that actively considering another person’s perspective systematically increased accuracy.If anything, perspective-taking tended to decrease accuracy, including in the romantic couples study I described earlier. This experiment included another condition in which one member of each couple was asked to put themselves in their partner’s shoes before predicting their partner’s responses. This perspective-taking actually decreased accuracy compared to the control group I already described, but it slightly increased the number of items these perspective-takers thought they had predicted correctly. Perspective-taking may work some wonders for your social life, but understanding another person better does not seem to be one of those wonders.Instead, accurate insight reliably comes only when you actually gain knowledge about what it is like to be another person. We refer to this as perspective-getting, as opposed to perspective-taking. The easiest way to get another’s perspective is by simply asking them to describe what’s actually going on in their minds in a context where they can report it both honestly and accurately.This solution may seem painfully obvious, but it is not so obvious to people who are in the midst of actually using it. The romantic couples study I’ve described included another condition in which predictors were given a chance to ask their partner to report their feelings about each of the statements before predicting how he or she would respond. This increased accuracy dramatically, even though those who asked did not have any more confidence in the accuracy of their judgments than those who guessed their partners’ reactions. Even those who take the right approach to understanding the mind of another person — asking directly and listening carefully — seem unaware of how much they had learned.True insight into the minds of others is not likely to come from honing your powers of intuition, but rather by learning to stop guessing about what’s on the mind of another person and learning to listen instead.Nicholas Epley is the John Templeton Keller Professor of Behavioral Science at the University of Chicago Booth School of Business. He is the author of Mindwise: Why We Misunderstand What Others Think, Believe, Feel, and Want. Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

Would You Be Thankful or Horrified If the Emails You Got While

first_img The only list that measures privately-held company performance across multiple dimensions—not just revenue. August 25, 2017 Add to Queue Email Nina Zipkin Image credit: Shutterstock –shares 2019 Entrepreneur 360 List Would You Be Thankful or Horrified If the Emails You Got While on Vacation Disappeared?center_img Arianna Huffington really wants to make sure her employees unplug. 2 min read Next Article Americans are known for being truly terrible at taking time off. A study from careers site Glassdoor found that the average employee reported only taking 54 percent of the vacation days they had available to them. More telling is that 66 percent of those polled said that they worked while they were away.There are tons of tools out there to make your inbox a little less daunting, but if you’re always checking email, even if you’re supposed to be relaxing, that stress will still follow you to whatever beach you’ve parked yourself on.Arianna Huffington, the founder and CEO of wellness brand Thrive Global, has long been a proponent of unplugging to the point of creating on-the-nose merch — such as a $50 charging bed for your phone. Now, she’s introduced an email office tool called Thrive Away that she described in a post for Harvard Business Review.Related: The Impact Of Chronic Work Stress On Your Employees“While you’re on vacation, people who email you get a message, letting them know when you’ll be back. And then — the most important part — the tool deletes the email,” she wrote.” If the email is important, the sender can always send it again. If it’s not, then it’s not waiting for you when you get back, or even worse, tempting you to read it while you’re away.”While most companies likely won’t implement an office-wide system like Huffington’s, it’s a helpful reminder that if you don’t respond to that email right away, the world won’t come to an end. And as a business owner, if you want your employees to stay healthy and productive, it’s on you to encourage them to actually take that time away for themselves — and leave their inboxes behind. Entrepreneur Staff Staff Writer. Covers leadership, media, technology and culture. Apply Now »last_img read more

Tesla Model 3 Moves to 247 Production

first_imgTesla Tesla Model 3 Moves to 24/7 Production Yesterday, it was revealed that Tesla intended to stop Model 3 production for up to five days. The reason given was to improve automation. However, a letter sent by Elon Musk to employees reveals the real reason for the pause in production: Tesla is upgrading the plant for round the clock production from next week.As Electrek reports, in the letter Musk confirmed that Model 3 production had reached 2,000 per week, which is double that attained in January. The goal is to reach 5,000 per week no later than June 30, but in order to achieve that and allow for a margin of error, Musk is setting the new goal of 6,000 per week by that date.Going from 2,000 to 6,000 in just over two months would be very optimistic if not for the fact Tesla is also introducing another shift to the production line, meaning the Model 3 will be manufactured 24/7 in Fremont. Tesla’s general assembly, body and paint teams will all add a third shift and require more people. Tesla is expecting to employ an extra 400 people a week for several weeks across its entire operation to help support that.The letter goes on to talk about improving the build precision of the Model 3 to exceptional standards and how Tesla needs to become profitable. With that in mind, “we will be far more rigorous about expenditures” and all contracts with third-parties will be reviewed. Musk describes the contractor situation within Tesla as being like a “Russian nesting doll” and that some perform “worse than a drunken sloth.” So expect some big changes on that front soon.There’s a suggestion of one more pause in production during May for further upgrades, but beyond that Model 3 production just got serious. Six-thousand by the end of June does indeed look achievable if 24/7 production works without a hitch. That also means the dual motor version could still happen in July. Next Article Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Matthew Humphries Elon Musk is serious about reaching 6,000 cars per week by June. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Image credit: via PC Magcenter_img Add to Queue This story originally appeared on PCMag –shares Senior Editor 2 min read April 18, 2018 Enroll Now for $5last_img read more

Struggling Deals Site LivingSocial Kills Events Group Closes New York Office

first_img Journalist Benjamin Kabin Technology July 17, 2013 Free Webinar | July 31: Secrets to Running a Successful Family Business Opinions expressed by Entrepreneur contributors are their own. Add to Queue Register Now » Discount-of-the-day site LivingSocial is closing its Fifth Avenue office in New York City and eliminating its local events division, leaving 30 full-time staffers without jobs.Remaining New York staffers in its sales and advertising department have been asked to work from home. Once all local events in New York are completed by Oct. 1, the company plans to lay off dozens of part-time employees.The news, confirmed by TheNextWeb, comes less than a month after the company shuttered its Seattle office, where it also asked displaced employees to work remotely.The deals site stressed that these changes are not part of a cost-cutting effort but “a decision geared towards achieving profitability.” LivingSocial said that larger events have been more lucrative than the niche ones offered by the local-events division. Meanwhile, the company said it plans to create 50 new jobs for its call center in Tucson, Ariz.Last November, LivingSocial laid off 400 employees, mostly in the U.S., in an effort to “streamline” its sales and editorial departments. Groupon, another big daily discount site, saw massive layoffs in 2012 as well, cutting 648 jobs over a six-month period.Related: What Happens When Startups Grow Too Fast  –shares Struggling Deals Site LivingSocial Kills Events Group, Closes New York Office Image credit: blog.buyometric.co.uk Next Article 1 min read Learn how to successfully navigate family business dynamics and build businesses that excel.last_img read more