They built their services for sharing, allowing users to reach others around the world. Now they want people to hold back.  

Facebook and other social media companies battled their own services on Friday as they tried to delete copies of a video apparently recorded by the gunman as he killed 49 people and wounded scores of others in the attack on two New Zealand mosques Friday.  

The video was livestreamed on the suspect’s Facebook account and later reposted on other services.  

According to news reports, Facebook took down the livestream of the attack 20 minutes after it was posted and removed the suspect’s accounts. But people were able to capture the video and repost it on other sites, including YouTube, Twitter and Reddit.  

YouTube has tweeted that it is “working to remove any violent footage.” A post from one user on Reddit asks others not to “post the videos. If you see the videos, bring it to the moderators’ attention.” 

Criticism of pace

Despite the companies’ quick actions, they still came under fire for not being fast enough. Critics said the platforms should have better systems in place to locate and remove content, instead of a system that helps others facilitate its spread once something is posted. 

One critic, Tom Watson, a member of the British Parliament and deputy leader of the Labor Party, called for YouTube to stop all new videos from being posted on the site if it could not stop the spread of the New Zealand video.  

Resistance to censorship

The companies’ race to stamp out the New Zealand video highlighted the dilemma that social media companies have faced, particularly as they have allowed livestreaming.  

Built on users’ content, Facebook, YouTube and others have long resisted the arduous task of censoring objectionable content.   

At hearings in Washington or in media interviews, executives of these firms have said that untrue information is in itself not against their terms of service.

Instead of removing information deemed fake or objectionable, social media companies have tried to frame the information with fact checking or have demoted the information on their sites, making it harder for people to find.

That is what Facebook appears to be doing with the anti-vaccination content on its site. Earlier this month, Facebook said it would curtail anti-vaccination information on its platforms, including blocking advertising that contains false information about vaccines. It did not say it would remove users expressing anti-vaccination content.

But sometimes the firms do remove accounts. Last year, Facebook, Twitter and others removed from their platforms Alex Jones, an American commentator, used for spreading conspiracy theories and stirring hatred.  

More monitors

In the past year, some social media companies have hired more people to monitor content so that issues are flagged faster, rather than having to wait for other users or the firm’s algorithms to flag objectionable content.

With the New Zealand shooting video, Facebook and other firms appeared to be in lockstep, saying they would remove the content as quickly as they found it.  

But there have been more calls for human and technical solutions that can quickly stop the spread of content across the internet. 
…

From: MeNeedIt

They’re angry at their elders, and they’re not taking it sitting down.

Students worldwide are skipping class Friday to take to the streets to protest their governments’ failure to take sufficient action against global warming.

The coordinated “school strikes,” being held from the South Pacific to the edge of the Arctic Circle, were inspired by 16-year-old Swedish activist Greta Thunberg, who began holding solitary demonstrations outside the Swedish parliament last year.

Since then, the weekly protests have snowballed from a handful of cities to hundreds, driven by social media-savvy students and dramatic headlines about the impact of climate change.

Thunberg, who was recently nominated for the Nobel Peace Prize, was cheered for her blunt message to leaders at the World Economic Forum in Switzerland this year, when she told them: “I want you to panic. I want you to feel the fear I feel every day.”

Friday’s rallies are expected to be one of the biggest international actions yet. Protests were under way or planned in cities in more than 100 countries, including Hong Kong; New Delhi; Wellington, New Zealand; and Oulo, Finland.

In Berlin some 10,000 protesters, most of them young students, gathered in a downtown square, waving signs with slogans such as “There is no planet B” and “Climate Protection Report Card: F” before a march through the capital’s government quarter. The march was to end with a demonstration outside Chancellor Angela Merkel’s office.

Organizer Carla Reemtsma, a 20-year-old university student, said social media had been key in reaching people directly to coordinate the massive protests in so many different locations, noting that she was in 50 WhatsApp groups and fielding some 30,000 messages a day.

“It’s really important that people are getting together all over the world, because it’s affecting us all,” she said.

Critics, supporters

Some politicians have criticized the students, suggesting they should be spending their time in school, not on the streets.

“One can’t expect children and young people to see all of the global connections, what’s technically reasonable and economically possible,” said the head of Germany’s pro-business Free Democratic Party, Christian Lindner. “That’s a matter for professionals.”

But scientists have backed the protests, with thousands signing petitions in support of the students in Britain, Finland and Germany.

“We are the professionals and we’re saying the young generation is right,” said Volker Quaschning, a professor of engineering at Berlin’s University of Applied Sciences.

“We should be incredibly grateful and appreciative of their bravery,” said Quaschning, one of more than 23,000 German-speaking scientists to sign a letter of support this week. “Because in a sense, it’s incredibly brave not to go to school for once.”

Scientists have warned for decades that current levels of greenhouse gas emissions are unsustainable, so far with little effect. In 2015, world leaders agreed in Paris to a goal of keeping the Earth’s global temperature rise by the end of the century well below 2 degrees Celsius (3.6 degrees Fahrenheit).

Yet at present, the world is on track for an increase of 4 degrees Celsius, which experts say would have far-reaching consequences for life on the planet.

“As a doctor, I can say it makes a big difference whether you’ve got a fever of 41 degrees Celsius (105.8 Fahrenheit) or 43 C (109.4 F),” said Eckart von Hirschhausen, a German scientist who signed the call supporting striking students. “One of those is compatible with life, the other isn’t.”

Other action

German Chancellor Angela Merkel and French President Emmanuel Macron have publicly welcomed the student protests, even as their policies have been criticized as too limited by environmental activists.

In France, activist groups launched legal action this week for failing to do enough to fight climate change, citing a similar successful effort in the Netherlands.

In Germany, environmental groups and experts have attacked government plans to continue using coal and natural gas for decades to come. Activists say that countries like Germany should fully “decarbonize” by 2040, giving less-advanced nations a bit more time to wean themselves off fossil fuels while still meeting the Paris goal globally.

Other changes needed to curb greenhouse gas emissions include ramping up renewable energy production, reining in over-consumption culture now spreading beyond the industrialized West and changing diets, experts say.

“The fight against climate change is going to be uncomfortable, in parts, and we need to have a society-wide discussion about this,” said Quaschning.

That conversation is likely to get louder, with several U.S. presidential hopefuls planning to campaign on climate change.

Luisa Neubauer, one of the Berlin group organizing Fridays for Future, said politicians should take note of the young.

“For the European elections in May, we’re urging everyone to think about whether they want to give their vote to a party that doesn’t have a plan for the future and the climate,” she said.
…

From: MeNeedIt

They’re angry at their elders, and they’re not taking it sitting down.

Students worldwide are skipping class Friday to take to the streets to protest their governments’ failure to take sufficient action against global warming.

The coordinated “school strikes,” being held from the South Pacific to the edge of the Arctic Circle, were inspired by 16-year-old Swedish activist Greta Thunberg, who began holding solitary demonstrations outside the Swedish parliament last year.

Since then, the weekly protests have snowballed from a handful of cities to hundreds, driven by social media-savvy students and dramatic headlines about the impact of climate change.

Thunberg, who was recently nominated for the Nobel Peace Prize, was cheered for her blunt message to leaders at the World Economic Forum in Switzerland this year, when she told them: “I want you to panic. I want you to feel the fear I feel every day.”

Friday’s rallies are expected to be one of the biggest international actions yet. Protests were under way or planned in cities in more than 100 countries, including Hong Kong; New Delhi; Wellington, New Zealand; and Oulo, Finland.

In Berlin some 10,000 protesters, most of them young students, gathered in a downtown square, waving signs with slogans such as “There is no planet B” and “Climate Protection Report Card: F” before a march through the capital’s government quarter. The march was to end with a demonstration outside Chancellor Angela Merkel’s office.

Organizer Carla Reemtsma, a 20-year-old university student, said social media had been key in reaching people directly to coordinate the massive protests in so many different locations, noting that she was in 50 WhatsApp groups and fielding some 30,000 messages a day.

“It’s really important that people are getting together all over the world, because it’s affecting us all,” she said.

Critics, supporters

Some politicians have criticized the students, suggesting they should be spending their time in school, not on the streets.

“One can’t expect children and young people to see all of the global connections, what’s technically reasonable and economically possible,” said the head of Germany’s pro-business Free Democratic Party, Christian Lindner. “That’s a matter for professionals.”

But scientists have backed the protests, with thousands signing petitions in support of the students in Britain, Finland and Germany.

“We are the professionals and we’re saying the young generation is right,” said Volker Quaschning, a professor of engineering at Berlin’s University of Applied Sciences.

“We should be incredibly grateful and appreciative of their bravery,” said Quaschning, one of more than 23,000 German-speaking scientists to sign a letter of support this week. “Because in a sense, it’s incredibly brave not to go to school for once.”

Scientists have warned for decades that current levels of greenhouse gas emissions are unsustainable, so far with little effect. In 2015, world leaders agreed in Paris to a goal of keeping the Earth’s global temperature rise by the end of the century well below 2 degrees Celsius (3.6 degrees Fahrenheit).

Yet at present, the world is on track for an increase of 4 degrees Celsius, which experts say would have far-reaching consequences for life on the planet.

“As a doctor, I can say it makes a big difference whether you’ve got a fever of 41 degrees Celsius (105.8 Fahrenheit) or 43 C (109.4 F),” said Eckart von Hirschhausen, a German scientist who signed the call supporting striking students. “One of those is compatible with life, the other isn’t.”

Other action

German Chancellor Angela Merkel and French President Emmanuel Macron have publicly welcomed the student protests, even as their policies have been criticized as too limited by environmental activists.

In France, activist groups launched legal action this week for failing to do enough to fight climate change, citing a similar successful effort in the Netherlands.

In Germany, environmental groups and experts have attacked government plans to continue using coal and natural gas for decades to come. Activists say that countries like Germany should fully “decarbonize” by 2040, giving less-advanced nations a bit more time to wean themselves off fossil fuels while still meeting the Paris goal globally.

Other changes needed to curb greenhouse gas emissions include ramping up renewable energy production, reining in over-consumption culture now spreading beyond the industrialized West and changing diets, experts say.

“The fight against climate change is going to be uncomfortable, in parts, and we need to have a society-wide discussion about this,” said Quaschning.

That conversation is likely to get louder, with several U.S. presidential hopefuls planning to campaign on climate change.

Luisa Neubauer, one of the Berlin group organizing Fridays for Future, said politicians should take note of the young.

“For the European elections in May, we’re urging everyone to think about whether they want to give their vote to a party that doesn’t have a plan for the future and the climate,” she said.
…

From: MeNeedIt

They’re angry at their elders, and they’re not taking it sitting down.

Students worldwide are planning to skip class Friday and take to the streets to protest their governments’ failure to take sufficient action against global warming.

The coordinated ‘school strike’ was inspired by 16-year-old Swedish activist Greta Thunberg, who began holding solitary demonstrations outside the Swedish parliament last year.

Since then, the weekly protests have snowballed from a handful of cities to hundreds, driven by social media-savvy students and dramatic headlines about the impact of climate change.

Thunberg, who was recently nominated for the Nobel Peace Prize, was cheered for her blunt message to leaders at the World Economic Forum in Switzerland this year, when she told them: “I want you to panic. I want you to feel the fear I feel every day.”

​Protests in 100 countries 

Friday’s rallies are expected to be one of the biggest international actions yet. A website coordinating the protests lists events in more than 100 countries, from New Zealand to the United States.

Some politicians have criticized the students, suggesting they should be spending their time in school, not on the streets.

“One can’t expect children and young people to see all of the global connections, what’s technically reasonable and economically possible,” said the head of Germany’s pro-business Free Democratic Party, Christian Lindner. “That’s a matter for professionals.”

But scientists have backed the protests, with thousands signing petitions in support of the students in Britain, Finland and Germany.

“We are the professionals and we’re saying the young generation is right,” said Volker Quaschning, a professor of engineering at Berlin’s University of Applied Sciences.

“We should be incredibly grateful and appreciative of their bravery,” said Quaschning, one of more than 14,000 German-speaking scientists to sign a letter of support this week. “Because in a sense, it’s incredibly brave not to go to school for once.”

Decades of warning

Scientists have warned for decades that current levels of greenhouse gas emissions are unsustainable, so far with little effect. In 2015, world leaders agreed in Paris to a goal of keeping the Earth’s global temperature rise by the end of the century well below 2 degrees Celsius (3.6 degrees Fahrenheit). 

Yet at present, the world is on track for an increase of 4 degrees Celsius, which experts say would have far-reaching consequences for life on the planet.

“As a doctor, I can say it makes a big difference whether you’ve got a fever of 41 degrees Celsius (105.8 Fahrenheit) or 43 C (109.4 F),” said Eckart von Hirschhausen, a German scientist who signed the call supporting striking students. “One of those is compatible with life, the other isn’t.”

Policies don’t go far enough

German Chancellor Angela Merkel and French President Emmanuel Macron have publicly welcomed the student protests, even as their policies have been criticized as too limited by environmental activists.

In France, activist groups launched legal action this week for failing to do enough to fight climate change, citing a similar successful effort in the Netherlands . 

In Germany, environmental groups and experts have attacked government plans to continue using coal and natural gas for decades to come. Activists say that countries like Germany should fully “decarbonize” by 2040, giving less-advanced nations a bit more time to wean themselves off fossil fuels while still meeting the Paris goal globally.

Other changes needed to curb greenhouse gas emissions include ramping up renewable energy production, reigning in over-consumption culture now spreading beyond the industrialized West and changing diets, experts say. 

“The fight against climate change is going to be uncomfortable, in parts, and we need to have a societywide discussion about this,” said Quaschning.

That conversation is likely to get louder, with several U.S. presidential hopefuls planning to campaign on climate change.

Luisa Neubauer, one of the Berlin group organizing Fridays for Future, said politicians should take note of the young. 

“For the European elections in May, we’re urging everyone to think about whether they want to give their vote to a party that doesn’t have a plan for the future and the climate,” she said.
…

From: MeNeedIt

Democrats in the U.S. House of Representatives gave a cool reception to the replacement for the North American Free Trade Agreement on Wednesday as the top U.S. trade negotiator opened a  campaign to win broad support for the accord in Congress.

Several Democrats said a closed-door meeting between United States Trade Representative Robert Lighthizer and their caucus failed to ease their concerns about the new U.S.-Mexico-Canada Agreement’s (USMCA) provisions on labor, biologic drugs and some other issues.

A USTR spokeswoman declined to comment on the meeting.

The support of Democrats, who control the House, is considered important to passage of the USMCA, and Wednesday’s meeting at the U.S. Capitol signaled that the Trump administration has a lot of work to do to address the party’s concerns.

Democrats questioned whether new labor standards aimed at ensuring workers have the right to organize can be adequately enforced, as this depends partly on Mexico passing new labor laws.

“What you’re hearing is that a lot of people don’t think it’s good enough,” Representative Pramila Jayapal said of USMCA after the meeting, adding that she was concerned the new pact would not solve the biggest shortcoming of NAFTA, which allowed Mexican wages to stagnate.

“We know that when you don’t have strong enforcement provisions, you are essentially facilitating the outsourcing of jobs and bad worker protections and undercutting of U.S. workers,” said Jayapal.

NAFTA dealt with labor provisions in an unenforceable side-letter, allowing unions in Mexico to remain weak and wages low, drawing factories from the United States and Canada.

While USMCA’s labor chapter is part of the trade agreement itself and requires Mexico to adhere to International Labor Organization standards, Democrats questioned whether this could be adequately enforced through a state-to-state dispute settlement mechanism.

The Mexican government expects its Congress to pass a labor bill by the end of April that it says will strengthen the rights of unionized workers and fulfill its commitments under USMCA. Mexico “could say they passed the laws, but the laws could be very weak,” said Representative Judy Chu, a Democrat on the House Ways and Means Committee.

She said Lighthizer told Democrats that he believed that Mexico’s labor law would meet the terms of the agreement and that any enforcement issues could be resolved through a subsequent agreement following ratification. Jayapal added that Lighthizer said this could be addressed through implementing legislation.

Some Democrats said that Lighthizer listened closely to their concerns and that he would work to address them. 

“He understands the concerns of our caucus and he knows we’re not there yet,” said Representative Bill Pascrell.

Other Democrats raised concerns about the prospect for higher drug prices resulting from the USMCA’s provision for 10 years of data exclusivity for biologic drugs. The United States allows 12 years currently and negotiated a five-year exclusivity period in the Trans-Pacific Partnership trade deal, which President Donald Trump declined to join in 2017.

Representative Rosa DeLauro, a Democrat who opposed several previous trade deals, called this an “absolutely unbelievable giveaway to the pharmaceutical industry.”

House Ways and Means Committee Chairman Richard Neal, whose panel will handle the USMCA legislation, said the meeting did not provide any further clarity on the timing of the Trump administration’s submission of implementing legislation to Congress, or when a vote might occur.
…

From: MeNeedIt

Democrats in the U.S. House of Representatives gave a cool reception to the replacement for the North American Free Trade Agreement on Wednesday as the top U.S. trade negotiator opened a  campaign to win broad support for the accord in Congress.

Several Democrats said a closed-door meeting between United States Trade Representative Robert Lighthizer and their caucus failed to ease their concerns about the new U.S.-Mexico-Canada Agreement’s (USMCA) provisions on labor, biologic drugs and some other issues.

A USTR spokeswoman declined to comment on the meeting.

The support of Democrats, who control the House, is considered important to passage of the USMCA, and Wednesday’s meeting at the U.S. Capitol signaled that the Trump administration has a lot of work to do to address the party’s concerns.

Democrats questioned whether new labor standards aimed at ensuring workers have the right to organize can be adequately enforced, as this depends partly on Mexico passing new labor laws.

“What you’re hearing is that a lot of people don’t think it’s good enough,” Representative Pramila Jayapal said of USMCA after the meeting, adding that she was concerned the new pact would not solve the biggest shortcoming of NAFTA, which allowed Mexican wages to stagnate.

“We know that when you don’t have strong enforcement provisions, you are essentially facilitating the outsourcing of jobs and bad worker protections and undercutting of U.S. workers,” said Jayapal.

NAFTA dealt with labor provisions in an unenforceable side-letter, allowing unions in Mexico to remain weak and wages low, drawing factories from the United States and Canada.

While USMCA’s labor chapter is part of the trade agreement itself and requires Mexico to adhere to International Labor Organization standards, Democrats questioned whether this could be adequately enforced through a state-to-state dispute settlement mechanism.

The Mexican government expects its Congress to pass a labor bill by the end of April that it says will strengthen the rights of unionized workers and fulfill its commitments under USMCA. Mexico “could say they passed the laws, but the laws could be very weak,” said Representative Judy Chu, a Democrat on the House Ways and Means Committee.

She said Lighthizer told Democrats that he believed that Mexico’s labor law would meet the terms of the agreement and that any enforcement issues could be resolved through a subsequent agreement following ratification. Jayapal added that Lighthizer said this could be addressed through implementing legislation.

Some Democrats said that Lighthizer listened closely to their concerns and that he would work to address them. 

“He understands the concerns of our caucus and he knows we’re not there yet,” said Representative Bill Pascrell.

Other Democrats raised concerns about the prospect for higher drug prices resulting from the USMCA’s provision for 10 years of data exclusivity for biologic drugs. The United States allows 12 years currently and negotiated a five-year exclusivity period in the Trans-Pacific Partnership trade deal, which President Donald Trump declined to join in 2017.

Representative Rosa DeLauro, a Democrat who opposed several previous trade deals, called this an “absolutely unbelievable giveaway to the pharmaceutical industry.”

House Ways and Means Committee Chairman Richard Neal, whose panel will handle the USMCA legislation, said the meeting did not provide any further clarity on the timing of the Trump administration’s submission of implementing legislation to Congress, or when a vote might occur.
…

From: MeNeedIt

Italy’s art police say they have identified six suspects in connection with a 2017 Modigliani exhibit that was comprised mostly of fakes.

The Carabinieri art squad announced Wednesday that the suspects include an artist who may have counterfeited works of Amedeo Modigliani; two collectors, including an American who procured most of the contested works; the head of the agency that organized the exhibition and its curator.

The show had traveled through lesser-known venues before arriving in Genoa, where the connection to the Ligurian-born artist and the upcoming 100th anniversary of his death in 2020 increased both public interest and expert scrutiny.

The show hastily shut down three days before its scheduled close in 2017, with experts saying that 20 of the 21 paintings it displayed were fakes. Consumer rights groups have demanded refunds for ticket buyers.

Italian prosecutors will now determine if there is enough evidence to back charges, which are then decided by a preliminary hearing judge.

Modigliani died in poverty, but his portraits featuring elongated faces and necks are among the most recognizable artworks of the early 20th century.
…

From: MeNeedIt

Spotify has filed a complaint with European Union antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service. 

Spotify, which launched a year after the 2007 launch of the iPhone, said on Wednesday that Apple’s control of its App Store deprived consumers of choice and rival providers of audio streaming services to the benefit of Apple Music, which began in 2015. 

Central to Spotify’s complaint, filed with the European Commission on Monday, is what it says is a 30 percent fee Apple charges content-based service providers to use Apple’s in-app purchase system (IAP). 

Forced to raise price

Horacio Gutierrez, Spotify’s general counsel, said the company was pressured into using the billing system in 2014, but then was forced to raise the monthly fee of its premium service from 9.99 to 12.99 euros, just as Apple Music launched at Spotify’s initial 9.99 price. 

Spotify then ceased use of Apple’s IAP system, meaning Spotify customers could only upgrade to the fee-based package indirectly, such as on a laptop. 

Under App Store rules, Spotify said, content-based apps could not include buttons or external links to pages with production information, discounts or promotions and faced difficulties fixing bugs. Such restrictions do not apply to Android phones, it said. 

“Promotions are essential to our business. This is how we convert our free customers to premium,” Gutierrez said. 

Voice recognition system Siri would not hook iPhone users up to Spotify, and Apple declined to let Spotify launch an app on its Apple Watch, Spotify said. 

Spotify declined to say what economic damage it believed it had suffered. 

“We feel confident in the economic analysis we have submitted to the commission that we could have done better than we have done so far,” Gutierrez said. 
…

From: MeNeedIt

Spotify has filed a complaint with European Union antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service. 

Spotify, which launched a year after the 2007 launch of the iPhone, said on Wednesday that Apple’s control of its App Store deprived consumers of choice and rival providers of audio streaming services to the benefit of Apple Music, which began in 2015. 

Central to Spotify’s complaint, filed with the European Commission on Monday, is what it says is a 30 percent fee Apple charges content-based service providers to use Apple’s in-app purchase system (IAP). 

Forced to raise price

Horacio Gutierrez, Spotify’s general counsel, said the company was pressured into using the billing system in 2014, but then was forced to raise the monthly fee of its premium service from 9.99 to 12.99 euros, just as Apple Music launched at Spotify’s initial 9.99 price. 

Spotify then ceased use of Apple’s IAP system, meaning Spotify customers could only upgrade to the fee-based package indirectly, such as on a laptop. 

Under App Store rules, Spotify said, content-based apps could not include buttons or external links to pages with production information, discounts or promotions and faced difficulties fixing bugs. Such restrictions do not apply to Android phones, it said. 

“Promotions are essential to our business. This is how we convert our free customers to premium,” Gutierrez said. 

Voice recognition system Siri would not hook iPhone users up to Spotify, and Apple declined to let Spotify launch an app on its Apple Watch, Spotify said. 

Spotify declined to say what economic damage it believed it had suffered. 

“We feel confident in the economic analysis we have submitted to the commission that we could have done better than we have done so far,” Gutierrez said. 
…

From: MeNeedIt

You never know what you will find in a pawnshop. 

Where else can you find a snow blower parked next to a mink jacket? Or an ornate 19th century mantle clock from France next to modern-day laptop computers?

At Top Dollar Pawn in Waldorf, Maryland, a man comes in wanting to sell the gold caps from his deceased grandfather’s teeth. While some would be taken aback, the affable store manager Stuffie Carroll is not. “This happens all the time,” he said, as he explains to the customer that the store would only buy the gold after it had been removed from the teeth.

Top Dollar owner Michael Cohen, who has two pawnshops in Maryland outside Washington, DC, buys and sells “anything of value,” which includes high-end jewelry, musical instruments, and power tools. His biggest seller is the jewelry he says, as he shows off an assortment of diamond rings and gold necklaces.

While sales bring in money, pawn shops make most of their income through cash loans to customers in exchange for an item of value. There is also interest on the loan that is higher than a bank rate. If the money is repaid in 30 days, then the customer gets their item back; otherwise the store keeps it for resale. Eighty-five percent pay back the loan.

For people without credit or other financial resources, pawn shops can help them get the money they need. The average loan is $150.

“In a lot of cases people don’t have any other outlet to get the money they need to get through the week to buy diapers for their babies, put gas in the car, or pay the electric bill,” said Top Dollar Manager, Mike Thomen. He said customers often talk to him about their problems and he “encourages them when they’re down on their luck.”

Long gone are the days when pawn shops were considered seedy places, where only people down on their luck went to. Today’s pawn shops, mostly independently owned, look more like a brightly lit, welcoming second-hand store.

“The pawn shop is the new cool place to come into, the new chic place,” said Eric Rizer, the owner of three stores in northern Virginia called Royal Pawn. “We have tons of different stuff like artwork, antiques, rugs, and sports memorabilia.”

“Customer service is a huge part of our business,” Cohen said, “and hopefully that keeps people wanting to come back to us.”

Like regular customer Anthony Ruggaero who is pawning some tools.

“I came to pawn a few times to pay for my wedding, which is in 3 months,” he explained. “I bought my fiancé’s wedding ring here last week. I have my own business, so as soon as checks come in to help me pay for expenses, I’ll buy my stuff back.”

Hidden treasures

It’s estimated that 30 million people visit the 11,000 pawn shops in the United States every year, perhaps finding some hidden treasures. 

“We had an original Picasso,” said Rizer. “We actually had a bird head that I sold to a man for $500.” Later Rizer discovered that the bird had been extinct for more than 100 years, and the head was valued at $20,000.

He says worn vintage guitars are finding a new market.

“These beat up guitars are called reliced,” he said. “People go absolutely nuts over them just because they look like they’re worn from being out on the road.”

Including customer Austen Ballard, a music producer at MMP Studios in Burke, Virginia. 

“It’s so much fun to pick up an old instrument from the 1950s or 60s. You never know where a guitar’s been. It might be on a record you’ve heard on the radio.”

Cohen said his business has taken a hit from second-hand merchandise internet sales. Although he realizes more pawn shops may have to start selling items on the internet to survive, he thinks the brick or mortar stores are here to stay. 

“There’s people who go from pawn shop to pawn shop looking for a good deal. We definitely have our regulars that like to bargain with us every week.”

Like customer Keith Winslow who haggles over the price of some power tools.

“I want to talk to the people I’m buying products from,” he said. I don’t want something from online that may not be exactly what I want.”
…

From: MeNeedIt

You never know what you will find in a pawnshop. 

Where else can you find a snow blower parked next to a mink jacket? Or an ornate 19th century mantle clock from France next to modern-day laptop computers?

At Top Dollar Pawn in Waldorf, Maryland, a man comes in wanting to sell the gold caps from his deceased grandfather’s teeth. While some would be taken aback, the affable store manager Stuffie Carroll is not. “This happens all the time,” he said, as he explains to the customer that the store would only buy the gold after it had been removed from the teeth.

Top Dollar owner Michael Cohen, who has two pawnshops in Maryland outside Washington, DC, buys and sells “anything of value,” which includes high-end jewelry, musical instruments, and power tools. His biggest seller is the jewelry he says, as he shows off an assortment of diamond rings and gold necklaces.

While sales bring in money, pawn shops make most of their income through cash loans to customers in exchange for an item of value. There is also interest on the loan that is higher than a bank rate. If the money is repaid in 30 days, then the customer gets their item back; otherwise the store keeps it for resale. Eighty-five percent pay back the loan.

For people without credit or other financial resources, pawn shops can help them get the money they need. The average loan is $150.

“In a lot of cases people don’t have any other outlet to get the money they need to get through the week to buy diapers for their babies, put gas in the car, or pay the electric bill,” said Top Dollar Manager, Mike Thomen. He said customers often talk to him about their problems and he “encourages them when they’re down on their luck.”

Long gone are the days when pawn shops were considered seedy places, where only people down on their luck went to. Today’s pawn shops, mostly independently owned, look more like a brightly lit, welcoming second-hand store.

“The pawn shop is the new cool place to come into, the new chic place,” said Eric Rizer, the owner of three stores in northern Virginia called Royal Pawn. “We have tons of different stuff like artwork, antiques, rugs, and sports memorabilia.”

“Customer service is a huge part of our business,” Cohen said, “and hopefully that keeps people wanting to come back to us.”

Like regular customer Anthony Ruggaero who is pawning some tools.

“I came to pawn a few times to pay for my wedding, which is in 3 months,” he explained. “I bought my fiancé’s wedding ring here last week. I have my own business, so as soon as checks come in to help me pay for expenses, I’ll buy my stuff back.”

Hidden treasures

It’s estimated that 30 million people visit the 11,000 pawn shops in the United States every year, perhaps finding some hidden treasures. 

“We had an original Picasso,” said Rizer. “We actually had a bird head that I sold to a man for $500.” Later Rizer discovered that the bird had been extinct for more than 100 years, and the head was valued at $20,000.

He says worn vintage guitars are finding a new market.

“These beat up guitars are called reliced,” he said. “People go absolutely nuts over them just because they look like they’re worn from being out on the road.”

Including customer Austen Ballard, a music producer at MMP Studios in Burke, Virginia. 

“It’s so much fun to pick up an old instrument from the 1950s or 60s. You never know where a guitar’s been. It might be on a record you’ve heard on the radio.”

Cohen said his business has taken a hit from second-hand merchandise internet sales. Although he realizes more pawn shops may have to start selling items on the internet to survive, he thinks the brick or mortar stores are here to stay. 

“There’s people who go from pawn shop to pawn shop looking for a good deal. We definitely have our regulars that like to bargain with us every week.”

Like customer Keith Winslow who haggles over the price of some power tools.

“I want to talk to the people I’m buying products from,” he said. I don’t want something from online that may not be exactly what I want.”
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From: MeNeedIt

For the first time in recent years, Chinese Premier Li Keqiang’s annual Government Work Report did not mention Made in China 2025, the country’s ambitious plan to achieve high-tech dominance, and that has analysts asking whether Beijing is going to completely overhaul the plan or keep it going quietly behind the scenes.

Made in China 2025 relies heavily on government subsidies to Chinese companies and their ability to acquire new technologies covering 10 different sectors such as electric cars, emerging bio-medicine, next-generation information technology, advanced robotics and artificial intelligence.

The plan is part of China’s broader industrial policy outlined in the 13th Five-Year plan, which lays out government goals from 2016-2020. It raised concerns, however, because of China’s use of forced technology transfers and specific targets to capture market share by 2025.

The plan has been a focus of discussion between U.S. and Chinese negotiators, with Washington demanding an end to subsidies given to local companies under the plan. The United States also wanted China to do away with unfair trade practices that include the forcible transfer of technology from foreign companies.

A significant portion of technologies used in China in the 10 listed sectors come from foreign sources.

But the government is now amending laws that will leave Chinese companies in a somewhat difficult situation. It is also expected to cut subsidies it gives to local companies in order to overcome objections raised by the United States during the trade war.

New laws and policy changes that the government is bringing on during the ongoing sessions of China’s legislature, or National People’s Congress (NPC), would seriously affect its ability to acquire foreign technology.

“China will suffer in the short run but in the medium run they seem to be fine,” said Lourdes Casanova, director at Cornell’s Emerging Markets Institute.

To a great extent, Chinese companies have used three means to acquire technology: the use of borrowed or stolen ideas, the forcible transfer of know-how from foreign partners and the purchase of foreign companies.

Acquisitions by Chinese companies have now become problematic because of growing cautiousness and recent legislation in the United States and European Union.

Some analysts believe there were design defects in the 2025 plan itself, and the government has been rethinking it for some time now.

“The original 2025 plan was too nationalistic and too top down. It was wasteful,” Mats Harborn, president of the European Union Chamber of Commerce in China, told VOA.

“They [government leaders] thought technology should be owned by Chinese companies. There was a ‘we can do this on our own’ attitude,”

“There is a shift or maturity in understanding. There is an understanding that China cannot do all things on its own. It has to use international value chains and integrate as much as possible,” Harborn said.

New information emerging now suggests there has been a struggle within the government about the suitability of this grandiose plan.

“It [the strategy] should not have been done that way anyway. I was against it from the start, I did not agree very much with it,” Lou Jiwei, China’s finance minister between 2013 and 2016, said on the sidelines of the legislative meeting in Beijing.

Other legislators told VOA the government is making adjustments in accordance with public opinion.

Putting less emphasis on Made in China 2025 “reflects a more rational approach by the government, to reduce unnecessary obstacles, noises and reaction, to keep moving forward in a positive direction,” said Tang Nong, a NPC delegate from Guangxi.

“The government is moving forward with the 13th Five-Year plan. What is Made in China 2025, is it a plan or a broad outline?” asked Sun Xianzhong, an NPC delegate and professor of international law at the Chinese Academy of Social Sciences.

Analysts believe the government may revamp and repackage the plan, but it is unlikely to soften its efforts.

“The government remains committed to moving China’s economy up the value chain and will continue to use a variety of active industrial policies to achieve this goal,” said Duncan Innes-Ker, regional director for Asia at The Economist Intelligence Unit.

Harborn believes the government will shift from the idea of acquiring new technologies to absorbing them in the industrial value chain.

“This is a wakeup call. The new focus will be on integrating the best technologies at the best price and creating the best final product or service,” he said.

State owned companies in China may be better able to readjust themselves if the 2025 plan is revamped because their focus is more on revenues than on profit.

“For a state-owned company, profits going down in favor of revenues or jobs, so what’s the problem? They are fine,” said Casanova adding, “Profits are less or not of primary consideration.”

 
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From: MeNeedIt