Fuzok http://fuzok.biz/ Wed, 21 Jul 2021 22:10:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://fuzok.biz/wp-content/uploads/2021/05/fuzok-icon-150x150.png Fuzok http://fuzok.biz/ 32 32 Davie Student Housing secures $ 62 million construction loan http://fuzok.biz/davie-student-housing-secures-62-million-construction-loan/ http://fuzok.biz/davie-student-housing-secures-62-million-construction-loan/#respond Wed, 21 Jul 2021 21:30:00 +0000 http://fuzok.biz/davie-student-housing-secures-62-million-construction-loan/

Google Street View of University Pointe student accommodation in Davie at 6250-6370 Griffin Road (Google Maps)

Davie student housing complex has secured a $ 62 million loan to refinance the completed portion of the project and help pay for the final stage of construction.

University Pointe at 6250-6370 Griffin Road got the loan from New York-based Madison Realty Capital, according to Madison’s press release.

Construction of the seventh 96-bed building is underway. According to Josh Zegen, co-founder and senior director of Madison Realty, less than $ 8 million of the loan will be used to complete this phase.

The remainder of the loan was used to pay off the original lender on the first phase – consisting of six buildings, with a total of 781 beds – and recover some of the borrower’s equity, Zegen said.

These buildings and 31,000 square feet of retail stores were completed in 2019, the statement said. They are about 90% occupied, Zegen said.

Property records show that Nob Hill Partners, headed by Michael Konig, owns the property.

The resort offers one, two, three and four bedroom units with washers and dryers as well as shared rentals and shuttles to nearby universities, the statement said.

University Pointe is close to several university campuses in the Davie area. It is approximately 2 miles from the main campus of Nova Southeastern University and the A. Hugh Adams central campus of Broward College. Also north of the student housing complex is the University of Florida-IFAS Fort Lauderdale Academic Research Center; the Davie campus of Florida Atlantic University; and McFatter Technical College and High School, which offers a variety of vocational training programs.

Overall, the student housing real estate market was hit during the pandemic, although Zegen said the University of Pointe has performed well as universities have mostly remained open in Florida.

Among other recent South Florida student housing deals, CA Ventures purchased a student housing complex in downtown Boca Raton near Florida Atlantic University in January for $ 80 million.

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Honda admits it needs help building electric cars http://fuzok.biz/honda-admits-it-needs-help-building-electric-cars/ http://fuzok.biz/honda-admits-it-needs-help-building-electric-cars/#respond Wed, 21 Jul 2021 20:48:00 +0000 http://fuzok.biz/honda-admits-it-needs-help-building-electric-cars/

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Photo: Honda

Now that the auto industry is turning to electric cars, Honda looking for help. And he is happy to receive this help from rival automakers. The Japanese automotive giant would have will not refuse competitors looking for new “strategic alliances”, according to a report by Bloomberg.

Honda CEO Toshihiro Mibe said in a interview that he thinks automakers working together would benefit the industry, and he explained that the Japanese automaker is having a bit of a hard time developing its EV software:

“It will be extremely risky for Honda to push the movement on its own,” CEO Toshihiro Mibe said in an interview on Tuesday. “It is important to form alliances, to mass produce and to reduce costs to make our business sustainable. “

[…]

“Even though we make electric cars, it will be extremely difficult for Honda to develop software on its own,” said Mibe, who helped lead the company’s R&D efforts before becoming CEO in April. “Honda will not hesitate to forge alliances with companies that are strong in their field if it quickly creates value.

The partnerships Honda says it seeks are not at all rare. This is already happening across the industry. In the report, Bloomberg cited a few examples, in addition to the one already in progress between Honda and GM:

  • Volkswagen and Ford
  • PSA Group and Fiat Chrysler
  • Renault, Nissan and Mitsubishi

Honda also benefits from similar partnerships in adjacent markets, such as with its electric motorcycles. Recall that he joined a vsonsortium to standardize the exchangeable batteries in electric two-wheelers recently. A similar consortium for electric passenger cars would be great, covering both software and hardware.

Mibe has deviated around the idea that automakers should establish standards for electric vehicles and apply them together, but given how useful it would be for drivers and industry, maybe it shouldn’t have.

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Picture: Honda

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Global trade roars back, but tensions persist http://fuzok.biz/global-trade-roars-back-but-tensions-persist/ http://fuzok.biz/global-trade-roars-back-but-tensions-persist/#respond Wed, 21 Jul 2021 18:47:00 +0000 http://fuzok.biz/global-trade-roars-back-but-tensions-persist/

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Posted on Jul 21, 2021 2:47 PM by

The strategist

[By David Uren]

Globalization is back with such force that shipping companies are struggling to keep up, sending freight rates to astronomical levels.

The onset of the pandemic early last year reduced trade volumes and highlighted the vulnerability of the extensive supply chains that are the hallmark of globalization, with different elements of production located in various countries.

At one point, 70% of the world’s ports were affected by Covid-19, leaving ships unable to dock and hundreds of thousands of crew members stranded at sea. Political leaders around the world began to speak out strengthen the resilience of supply chains and repatriate production. The reaction against globalization was itself global.

In the United States, Donald Trump went to the elections last November promising tax breaks for companies bringing manufacturing back to the United States and tariffs on American companies relocating their production, while Joe Biden committed to reserving US government procurement for US companies.

In China, Xi Jinping articulated the concept of a “circular economy,” which meant a shift in the focus of international trade towards domestic consumption and production.

In Australia, Scott Morrison spoke of strengthening the nation’s “economic sovereignty” with a new “Supply Chain Resilience” office established within the Prime Minister’s Department and Cabinet, and a dialogue established with the Japan and India on the subject.

The mood of the moment was well expressed by one of the government advisers on the post-coronavirus economic strategy, former CEO of Dow Chemical Andrew Liveris: “Australia has drunk the juice of free trade and has decided that the relocation was OK. the era is over… We must now realize that we really need to examine the key capabilities of offshoring. “

By May of last year, global trade volumes had plunged 17%, but the fall then stopped and by October, global trade volumes had returned to pre-pandemic levels. The World Trade Organization, which expected trade to decline 13% for the year, recorded only a 5% drop.

Monetary and fiscal stimulus, especially in the United States, bolstered the purchasing power of households, while homebound workers shopped online. Effective management of the pandemic across much of Asia, especially China, has allowed economic growth to pick up quickly.

However, the imbalances of the recovery are creating tensions. Comparing the three months to April with the last three months of 2019 before the pandemic hit, the volume of US imports is up 8.6% while the volume of exports is still 4% lower. (Trade volume estimates are derived from the Dutch government’s CPB World Trade Monitor.)

China’s imports are up 18.2% and export volumes are 23.6% higher than pre-pandemic levels. Exports from other emerging Asian countries, including India and Vietnam, are 11.8% higher in the last quarter of 2019, while exports from other advanced Asian countries except Japan (Korea South, Taiwan and Singapore) are up 9%.

In the wake of the pandemic, globalization is not so much about the distributed manufacturing model, but rather a simple story of shifting manufacturing from Europe and the United States to Asia, especially China. Supply chains are struggling to adapt to an increasingly imbalanced distribution of production and consumption.

This resulted in the accumulation of shipping containers in the United States and Europe [and] blockages in the main ports. The Maersk shipping company complained that it takes three weeks to straighten out the shipment in Oakland, Calif., And that there are delays in Hamburg. Rotterdam, the largest port in Europe, is at full capacity.

Shipping costs have skyrocketed. The global average shipping rate on the world’s busiest container routes, as measured by the Freight Baltic Index, has fallen from $ 1,400 per container to a record $ 6,500, the cost of shipping from China to Northern Europe now reaching $ 13,200. A logistics department reported last week that shipping quotes from Shanghai to Los Angeles were as high as $ 32,000 per container.

The shipping industry’s difficulties in adjusting to the post-pandemic economic surge were highlighted by the blockade of the Suez Canal in March this year by a giant container ship, the Never given. This has resulted in congestion in ports across the Mediterranean and northern Europe that has never been cleaned up.

There is now a global shortage of shipping containers, which are produced only by two Chinese companies, and there is an acute shortage of shipping space.

Opinions are divided on the diagnosis of what looks like a case of sclerosis of the arteries of the global economy. Some argue that post-pandemic bottlenecks, of which the shipping industry is the most important, will dissipate as the global economy recovers its balance, with more ships and containers built and stabilized. demand as the world emerges from the pandemic.

Others suggest that the observed disruptions now reflect a deeper problem with fiscal and monetary stimulus in the advanced world exceeding the supply capacity of the global economy, with the risk of higher inflation taking hold.

David Uren is a senior fellow at ASPI.

This article is courtesy of The Strategist and appears here in abridged form. The original can be found here.

The opinions expressed here are those of the author and not necessarily those of The Maritime Executive.

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Carl DeHaven was born April 1, 1926 at Misericordia Hospital in West Philadelphia. His parents were Howard DeHaven and Laura Williamson DeHaven. In the 1930s the family moved to 5th Street in Bridgeport. When he was little, Carl had a pet monkey named Boots who escaped on one occasion and ran through the neighborhood before being picked up by the police. The family then moved to Norristown. There, at the age of 8, Carl had what doctors later described as a mild heart attack while doing the dishes in the kitchen. A health crisis event which fortunately did not discourage his subsequent activities. In 1936, the DeHaven family moved to US territory from the Panama Canal area. On December 7, 1941, Carl witnessed the alarm as news of the Japanese attack on Pearl Harbor spread. Fears were high that the strategically crucial Panama Canal would also be attacked. Seeing the Marines in their uniforms for the first time impressed the youngster. The family returned to the United States and the Norristown area. Soon after, in March 1943, Carl DeHaven decided to enlist in the armed forces.

Carl was only 16 when he went to the recruiting office at the Old Customs House in Philadelphia; lied about his age and enlisted in the US Marines. On the way home, realizing that he would have problems with his family, he ran away to stay with his aunt in West Conshohocken. Finding him there, his father asked him why he had enlisted. Carl explained that he was afraid of the possibility of being drafted and having to serve on a submarine, recalling the soldiers he saw in the Panama Canal area that he enlisted in the Marines for. avoid such a fate. Hearing this explanation, his parents gave him permission to enlist.

At Boot Camp, Carl was faced with a challenge when he attempted to qualify as a sniper. Left-handed, he aimed with his left eye. But when the empty cartridge was ejected, she hit him in the eye. Fortunately, he was able to adjust to the right and qualify on his M1 rifle. DeHaven was then sent to the operators school at Camp Lejeune. There he was taught to drive all kinds of vehicles, anything and just about anything on tracks or wheels. He was assigned to automobile transport. On Labor Day in 1943, as he was leaving his barracks, Carl was knocked to the ground by an accidental explosion of two 500 lb bombs. Another of Carl’s many close calls throughout his life.

In early 1944, DeHaven was sent to Camp Pendleton to train for the invasion of the Japanese island of Iwo Jima. Private First Class DeHaven was part of the 5th Marine Division, taking part in the costliest battle in Marine Corps history, the Battle of Iwo Jima. It was Carl’s job to transport ammunition and other supplies to the beachhead; to bring them to the front lines and recover the dead and wounded.

Carl was then sent to prepare for the invasion of mainland Japan. A business that threatened to cost more than a million American lives. But with the dropping of atomic bombs on the cities of Hiroshima and Nagasaki, the invasion was averted. Carl was sent to Japan as part of the occupation army. He arrived in Nagasaki 29 days after the atomic bomb was dropped and witnessed the devastation. While stationed in Japan for 8 months, he was impressed by the Japanese culture and people.

Carl DeHaven was honorably discharged from military service in May 1946. He returned home to Norristown and enrolled to complete his interrupted studies and graduated from Norristown High School, class of 1947. Directly upon graduation After graduating from high school, Carl married Beverly Bailiff. Although the marriage did not last, the two had a daughter together. Deborah DeHaven was born in 1947. In September 1950, Carl had another blow. In a head-on collision in Winchester, Virginia, the car he was traveling in was turning a corner when another car hit Carl’s car head-on. Carl’s close friend David Forrest and everyone else involved were killed. Carl was the only survivor. In 1952, Carl married his second wife Marie Elaina Concetta Arona. In 1955 they moved to Henderson Park in Upper Merion. They had two daughters Kim, born in 1959, and Carla in 1960. For several years Carl worked as a trucker for Bethlehem Steel, Bruno Brothers, Crouthaml, Rittenhouse and Tose Trucking.

In 1956, the uncle of Marie’s new wife, George Santoro, suggested that Carl apply to the Upper Merion Police Department. He was hired, thus starting his long service career as a police officer. He served as a patroller from 1956 to 1977 and as a detective from 1977 to 1982.

During his 26 years of police service, Carl was on duty during the Altemose / Roofers incident in the early 1970s, when rioting union roofers threatened to invade the Sheraton construction site today. ‘hui Radisson Hotel. He and his fellow officer Jack Brennan confronted an angry crowd. He worked on the shooting murders in 1974 of sisters Doris and Jean Maiale, owners of “Villanova Nursery”, a plant nursery. The two elderly ladies were murdered by former employees at their home on Henderson Road, later the Weigh Back When antique store. DeHaven worked on the infamous Jay C. Smith case, the disgraced former UM high school principal. On one occasion he was called upon to serve as “protection” for President George HW Bush. Officer DeHaven held an umbrella over his head as President Bush ran down the trail at Upper Merion High School. A task made more difficult because the president was 6’2 ‘and DeHaven only 5’7’. Carl was a cigarette smoker. He quit one day while driving on Route 202, throwing a pack of cigarettes out of his car window.

Carl DeHaven comes from a family tradition of service to his country. Ancestor Peter DeHaven was a patriot during the American Revolution. He loaned the Continental Congress the equivalent of a million dollars in today’s money. Money that has never been refunded. Lieutenant (Navy) Edwin Jesse DeHaven participated in a naval exploration aboard the USS Peacock under the command of Captain Charles Wilkes as part of a squadron mapping the Pacific coast. At the mouth of the Columbia River, the USS Peacock was wrecked. Lt DeHaven helped save several of his teammates and was celebrated and rewarded for his bravery. The US Navy has ordered a destroyer, the USS DeHaven, in honor of Lt. DeHaven. This ship was sunk during WWII at Guadalcanal. A second USS DeHaven has been ordered. After World War II, the second ship was decommissioned and the DeHaven family received custody of the ship’s bell. During World War I, Private John F. DeHaven was killed in the fight for Belleau Wood, a battle that saved Paris and contributed to the victory of the war.

After retiring from the Upper Merion Police Force, DeHaven worked at James P. Barone Paving from 1983 to 1993, working with heavy equipment. Upon his final retirement, he and his wife wintered at St. Croix in the US Virgin Islands for a few years. After his wife’s death, he lived for a time with his daughter Kim DeHaven in Texas before eventually returning to Pennsylvania. Carl loved sports. He played college baseball and basketball at West Conshohocken High. He played softball for the Norristown Orioles, Norristown Stars, VFW, Holy Savior, Swedesburg Fire Company and Christ Reform Church. A musician, he was a member of the Reilly Raiders Drum & Bugle Corp and Nuss-O’Hara VFW Post 18034. He was particularly proficient on the harmonica and liked to play when asked. In 2016, Carl and his daughter Kim DeHaven returned to Japan as part of a GI tour group. The trip to Iwo Jima with Kim and his father took place in March 2016. Carl visited Japan 3 more times for the “Honor Reunion” between 2012 and 2017. DeHaven was one of the many veterans of Iwo Jima guests of honor by a company owned by the Marines. called “military historical tours”. In Japan, Carl revisited, recalled, commemorated and reconciled with the events of the war and the Japanese people. There he finds himself nicknamed “Mr. Harmonica Man.” After a brief illness, Carl passed away on Friday March 2, 2018 at his daughter’s home in East Norriton. He was 91 Carl DeHaven, a tradition of service to his country and community.

Sources for this article, Times Herald obituary, Bill Holdsworth, Kim DeHaven and the DeHaven family.

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Freight Logistics Brokerage Market 2021 by Geographic Analysis United States, Germany, United Kingdom, Japan, South Korea and China http://fuzok.biz/freight-logistics-brokerage-market-2021-by-geographic-analysis-united-states-germany-united-kingdom-japan-south-korea-and-china/ http://fuzok.biz/freight-logistics-brokerage-market-2021-by-geographic-analysis-united-states-germany-united-kingdom-japan-south-korea-and-china/#respond Wed, 21 Jul 2021 06:19:06 +0000 http://fuzok.biz/freight-logistics-brokerage-market-2021-by-geographic-analysis-united-states-germany-united-kingdom-japan-south-korea-and-china/

Global and Regional Freight Logistics Brokerage Market Analysis, Updated Technology, Supply Chain 2020-2025

Presence of innovative and differentiated items, advanced packaging, web presentations and advertisements are the major market trends estimated to drive the global demand for the freight logistics brokerage market. However, the presence of many mid-sized market players is considered to be a challenge for potential new entrants. Another market challenge is fluctuating commodity prices and the need for financial investments in the first place. The market is mainly determined by the demand for products among the major end-use companies.
Global freight logistics brokerage market capacity (value and volume), shares (value and volume) in COVID-19 pandemic, SWOT analysis, competitive landscape, import and export, price trend, supply analysis and regional and global demand, value chain analysis, market risks and opportunity.

Get a Free Sample Summary Research Report

Key points of the Freight Logistics Brokerage Market report:

â € ¢ Â Â Â Drivers and constraints of the global market
â € ¢ Â Â Â Global Market Opportunities
â € ¢ Â Â Key Industry Developments
â € ¢ Â Â Â Major Company Profiles & Financial Overview
â € ¢ Â Â Historical and future market trends

The report comprises a detailed study of the market based on key types, end-use industries, region, country and market players. The report provides market share analysis for each segment based on revenue and volume.

Market Analysis by Key Type Segments:Â LTL, truck loads

Market Analysis by Key Application:Â Retail, food and beverage, manufacturing, automotive and industrial, chemicals

Major market players include:Â Expeditors, Echo Global Logistics, Transplace, Landstar System, GlobalTranz Enterprises, Werner Logistics, CH Robinson, TQL, Yusen Logistics, XPO Logistics, Hub Group, Worldwide Express, JB Hunt Transport, Allen Lund, BNSF Logistics, Coyote Logistics

Market Analysis by Key Regions:A
â € ¢ Â Â Â Â Â North AmericaÂ
   US
    Canada
â € ¢ Â Â Â Asia Pacific
India
   China
    Japan
   South Korea
  Rest of Asia-Pacific (Australia, New Zealand, Bangladesh, Kazakhstan, Uzbekistan, etc.)
   South East Asia (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, etc.) Â

Browse the full report with a well-formatted table of contents

â € ¢ Â Â Â Â Â Europe
UK
   Germany
    Spain
   France
   Italy
  Rest of Europe (Russia, Netherlands, Switzerland, Poland, Sweden, Belgium, Norway, Austria, Ireland, Denmark, etc.)
â € ¢ Â Â Â Â Â Â Latin America
    Mexico
Brazil
  Rest of Latin America (Chile, Argentina, Colombia, Peru, etc.)
â € ¢ Â Â Â Middle East and AfricaÂ
   GCC countries (Oman, Saudi Arabia, Kuwait, Qatar, Bahrain, United Arab Emirates)
  South Africa
  Rest of Middle East Africa (Iran, Turkey, Israel, Egypt, Nigeria, Algeria, Morocco, Kenya, Tanzania, Ghana, Angola, etc.)

The freight logistics brokerage market must hold the largest offer in the freight logistics brokerage market during the estimation period. The episode and the spread of COVID-19 affected the all-business inventory network. Additionally, merchants deliver and deliver specific metric of content, even with disruptions in the producer store network around the world caused by blockages. This may affect the development of the freight logistics brokerage market until COVID-19 cases balance out internationally. China and Japan are the second and third largest business sectors in the world, as they offer different advantages compared to different countries.

Get everything on the report preview and check the discounts

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Eel imports at Japan’s Narita airport peak ahead of traditional summer consumption http://fuzok.biz/eel-imports-at-japans-narita-airport-peak-ahead-of-traditional-summer-consumption/ http://fuzok.biz/eel-imports-at-japans-narita-airport-peak-ahead-of-traditional-summer-consumption/#respond Wed, 21 Jul 2021 04:50:04 +0000 http://fuzok.biz/eel-imports-at-japans-narita-airport-peak-ahead-of-traditional-summer-consumption/

A customs worker from the Narita branch is seen checking imported eels at Narita International Airport in Narita, Chiba Prefecture, July 20, 2021 (Mainichi / Tadakazu Nakamura)

NARITA, Chiba – Imports of farmed eels at Narita International Airport east of Tokyo are at their peak ahead of “Doyo no Ushi no Hi” on Ox Day falling on July 28 this year when the Japanese traditionally eat grilled eel to beat the heat.

Most of the eels come from China and Taiwan. One importer said vacuum-packed “kabayaki” – grilled eels in a sweet sauce – were selling well due to strong demand for home lifestyles amid the coronavirus pandemic.

The eels that arrived on July 20 from Taiwan were about 40 centimeters long and weighed between 200 and 250 grams each. The fish moved and some even jumped, as they were carried from the bags to the containers. Customs employees at the Narita branch checked documents, contents and production areas while touching the eels.

“The good plump eels have arrived,” said Koji Nishikatsu, 72-year-old president of Narita-based importer Marukatsu KK. “I hope people get over the hot summer by eating tasty eels.” Marukatsu plans to import a total of 50 tonnes of eels in July and intends to make 10% vacuum kabayaki for shipment.

According to Narita Branch Customs, 4,484 tonnes of eels were imported through Narita Airport in 2020, or about 82% of domestic eel imports. Some 2,137 tonnes were imported between January and May 2021, of which 84% from China and 15% from Taiwan.

(Japanese original by Tadakazu Nakamura, Narita Bureau)

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Japan’s exports and imports ramp up amid global pandemic recovery http://fuzok.biz/japans-exports-and-imports-ramp-up-amid-global-pandemic-recovery/ http://fuzok.biz/japans-exports-and-imports-ramp-up-amid-global-pandemic-recovery/#respond Wed, 21 Jul 2021 03:39:25 +0000 http://fuzok.biz/japans-exports-and-imports-ramp-up-amid-global-pandemic-recovery/

TOKYO (AP) – Japan’s exports in June jumped 48.6% from a year earlier, marking the fourth consecutive month of growth, the finance ministry said on Wednesday.

Imports for the month increased 32.7%, totaling 6.83 trillion yen ($ 62 billion). Exports for the month totaled 7.2 trillion yen ($ 66 billion), according to government data.

The increases were exaggerated by a drop in trade last year due to the pandemic. But they point to the recovery of the world’s third-largest economy as a global rebound in trade and travel activity stimulates demand.

Exports to the United States jumped 86% in June from a year earlier, driven by shipments of cars and computer parts. Exports to China rose 28%, with strong growth in vehicles, semiconductor manufacturing equipment and computer parts, the data showed.

Japan recorded a trade surplus of 985 billion yen ($ 9 billion) in the first half of the year, the second consecutive surplus in a row.

The economy has been hit hard by the pandemic, shrinking at a revised annual rate of 3.9% in January-March, as COVID-related restrictions reduced domestic demand. Data due to be released next month should show the contraction continued into the second quarter.

Concerns are growing over the surge in coronavirus infections, as tens of thousands of athletes, team officials and other dignitaries enter the country for the Tokyo Olympics, which open this week.

About 15,000 Japanese have died so far and just over a fifth of the population is fully immunized. Dozens of people affiliated with the Games have already tested positive for the virus.

Japan has never had a lockdown, but parts of the country, including Tokyo, have been under a government “state of emergency” much of the year, with restaurants and bars closing early to minimize disruption. gatherings of crowds.

The government expects the economy to recover as the vaccine rollout becomes widespread by the end of this year.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama


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Cook Islands pearl industry at risk http://fuzok.biz/cook-islands-pearl-industry-at-risk/ http://fuzok.biz/cook-islands-pearl-industry-at-risk/#respond Tue, 20 Jul 2021 22:43:53 +0000 http://fuzok.biz/cook-islands-pearl-industry-at-risk/

@eleishafoon

The Cook Islands pearl industry suffers from a supply shortage that threatens its future.

Local farmers are being forced to kill oysters due to the lack of highly trained Japanese technicians in the country due to travel restrictions caused by the Covid-19 pandemic.

Jewelers fear this could create a shortage of Cook Islands black pearls which they believe will devastate supply chains, leaving lasting ramifications.

Just over 200 people live in Manihiki and 20% of them are pearl farmers.

Pearls of the Cook Islands
Photo: Kora Beads

Black pearls in particular are their main form of income, but with skilled technicians excluded from the country due to covid, the situation is dire.

At least 10 farmers who supply pearls to wholesalers for jewelry production face uncertainty.

One of them, Kora Kora, has 40 years of experience in the industry and some have said that it is already too late.

“It’s a lot of challenges to be honest. We lost a lot of money when we didn’t have the techs back then, we had 15 months without sales. My uncle is no longer cultivating because of all these challenges. . My cousin – about three or four of them actually – are done, they don’t want to start farming again. “

Technicians excluded by the pandemic are needed to seed the oysters and harvest the pearls.

Kora said their Japanese technician would normally harvest around 70,000 oysters for three different farmers on the island.

In the past 18 months without him, almost double that number has been wasted.

MIQ delays in managed isolation in New Zealand make it difficult for foreign technicians to pass through the country, said director of Ora Moana, a black pearl trader, Raymond Newnham.

“It has affected production levels in the country as these technicians have to go through New Zealand which means two weeks there and they also have to be isolated.”

One Kiwi jeweler he supplies is David Wheeler, director of The Artist Gold Smith, who is deeply concerned about the future of the industry and has plans to highlight the issue at an art show in his town. Nelson’s birth in the South Island next month.

Because they deal in small numbers, his company has enough stock to supply – but he said larger jewelers would find it difficult to get their hands on sufficient quantities of pearls.

“This whole industry is going to suffer for a long time and it is very doubtful that it will recover, so I have serious concerns for the well-being of the islanders in this area.”

Pearl fisherman Kora Kora

Pearl fisherman Kora Kora
Photo: Kora Beads

But back in Manihiki, a determined Mr. Kora insists they’ll carry the whole industry on their own shoulders if they have to.

“No, I won’t give up, the only time I will give up is when I can’t dive anymore. It’s going to hit as low as possible and then, ultimately, it’s people like me and my nephew and others who will bring this industry back again. ”

Longer term, shortages could change the way people buy and trade black pearls, Wheeler said.

He encouraged all who were considering acquiring black pearls – now is the time to do so.

Meanwhile, there was some hope that farmers would become more self-reliant, which could help keep the pearl industry afloat.

Mr Kora said the Cook Island Department of Marine Resources has a program in place to train locals to become technicians – which could help farmers pass their skills on to the next generation without having to rely so much on them. foreign workers.

However, the process of acquiring vital skills would take months and years of practice to master.

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Portland business owner charged with fraud over $ 622,000 in COVID relief loans http://fuzok.biz/portland-business-owner-charged-with-fraud-over-622000-in-covid-relief-loans/ http://fuzok.biz/portland-business-owner-charged-with-fraud-over-622000-in-covid-relief-loans/#respond Tue, 20 Jul 2021 21:32:46 +0000 http://fuzok.biz/portland-business-owner-charged-with-fraud-over-622000-in-covid-relief-loans/

A Portland business owner was charged with two counts of federal loan fraud for allegedly inflating the payrolls of his two businesses to raise more than $ 622,000 in COVID-19 small business relief money for his own use.

Peter Peacock Blood, 57, claimed in two Paycheck Protection Program loan applications in April 2020 that his Portland-based companies, Cycle Power Partners and Cycle Holdings, had a total of 10 employees and a monthly payroll. average over $ 116,000.

The U.S. District Attorney’s Office for the District of Oregon said tax returns filed in 2019 and 2020 showed Cycle Power Partners, which touts itself as a clean energy producer, did not have more than two employees and paid less than $ 7,000 in quarterly wages.

No quarterly tax returns were filed for Cycle Holdings in those years, according to the United States District Attorney’s Office for the District of Oregon. In state register documents, Cycle Holdings describes its business operations as an “energy, environment, infrastructure, technology, asset management asset and service holding company. , operation and maintenance ”.

The indictment was unsealed earlier this month. Court documents show Blood pleaded not guilty on July 14. An attorney for Blood declined to comment.

Blood could face up to 30 years in prison and fines of up to $ 2 million if found guilty.

The Paycheck Protection Program provided potentially repayable loans to small businesses during the coronavirus pandemic to help cover salaries and other expenses.

Blood’s firm had previously sought a tax credit worth up to $ 10 million in 2014 as part of the controversial and now defunct Energy Tax Credit for Businesses in the ‘State.

Lawmakers removed the tax credit in 2010 due to rising costs and abuse of its flexible rules, but they retained vested interests in previously approved projects. Blood’s firm, Cycle Power Partners, sought to take over a solar project in southern Oregon that had been abandoned by two other companies.

The Oregon Department of Energy approved a transfer of the business energy tax credit, but Cycle Power Partners told the Oregon Department of Energy two months later it was withdrawing also the project, citing construction delays and an inability to secure permanent funding.

– Jamie Goldberg; jgoldberg@oregonian.com; @jamiebgoldberg


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Chinese brands may soon replace Japanese brands as Africa’s most popular vehicles – here’s why http://fuzok.biz/chinese-brands-may-soon-replace-japanese-brands-as-africas-most-popular-vehicles-heres-why/ http://fuzok.biz/chinese-brands-may-soon-replace-japanese-brands-as-africas-most-popular-vehicles-heres-why/#respond Tue, 20 Jul 2021 18:49:36 +0000 http://fuzok.biz/chinese-brands-may-soon-replace-japanese-brands-as-africas-most-popular-vehicles-heres-why/

Japanese brands have long dominated new vehicle sales and used vehicle imports on the African continent. Toyota is the most popular brand on the continent. The Washington DC-based Brookings Institution report says African consumers are brand aware and loyal. When it comes to cars, that brand is Toyota!

In the new vehicle market, the Toyota Hilux is king in South Africa. The Hilux is generally the leader in new vehicle sales across Africa. Other popular models in the new vehicle market are the Corolla and the Fortuner. With the exception of Egypt, South Africa, Sudan and Morocco where the import of used vehicles is prohibited, the majority of vehicles brought to the continent are used vehicles. Toyota is also the sales leader in the used vehicle import market. Other popular models in the used vehicle market imported mainly from Japan include the Corolla, Vitz, Belta, Passo, Fielder, Noah, Hiace and Crown. Models from Nissan, Mazda and Honda are also popular on the continent.

Japanese brands like Toyota are popular because most Africans see them as affordable, reliable and easy to maintain vehicles. But people are also starting to appreciate Chinese brands on the ICE front. Take South Africa for example, which is the continent’s largest market for new vehicle sales. The Haval Jolion, of the Chinese team Great Wall Motors, was the second best-selling vehicle in the crossover and SUV segment in South Africa last month. The Haval Jolion sold 708 units, 111 less than its perennial favorite, the Toyota Fortuner. The Jolion has received rave reviews in South Africa and neighboring countries. When you look at its great price, it won’t be long before it takes the top spot.

The fact that a Chinese model has reached second place in one of the most popular vehicle segments in South Africa is very significant. It shows that consumers are starting to trust these relatively new Chinese brands in this market.

Best-selling ICE SUVs and crossovers in South Africa in June 2021

In the pickup segment in South Africa, the Hilux was also the best-selling vehicle in June with 3,320 units. Great Wall’s P-series pickup also entered the top 5 with 387 units, and it should soon start climbing the charts in South Africa’s highly competitive pickup market.

Chinese brands will continue to increase their market share in the future, especially now as the transition to electric mobility accelerates. This is because Japanese automakers have been quite lethargic when it comes to electric vehicles. Honda has some pretty cool but expensive options like the Honda E. Late last year Jennifer Sensiba wrote an interesting article summarizing some of Honda’s recent moves. In this article, she says, “Honda has made several completely silly moves when it comes to electric vehicles and plug-in hybrids. He misses important opportunities and does strange things that damage his image. Nissan was once one of the electric vehicle leaders in terms of electric vehicle sales when it released the first generation Nissan Leaf. The company has sold over 500,000 Leafs worldwide over the past 10 years. Nissan will begin deliveries of the new Ariya to Japan later this year. Hopefully he will do everything to drive sales and make it available in many markets. Mazda also put one leg in the water – maybe we could call it putting a toe out to test the waters with one model, the Mazda MX-30. Then there’s Toyota with its well-documented obsession with ICE vehicles and mild hybrids.

The slow pace of electric vehicle sales in the Japanese market is also not helping as it is the source of a lot of used vehicles coming to Africa. Just over 290,000 electric vehicles were registered in total in Japan as of December 2020. Used Nissan Leafs were the earliest entrants to the African used vehicle market, but with weak sales of electric vehicles in Japan and competing importers of used Nissan Leafs in places like New Zealand, there won’t be a lot of electric vehicles coming from Japan. On the other hand, there were more than 190,000 registrations of plug-in vehicles in China for the month of May 2021 alone!

Although the numbers are still low, Chinese electric vehicles are starting to find their way into some African markets through official partners bringing in new electric vehicles, as well as independent dealers who are also starting to import used Chinese electric vehicles. In Zimbabwe, BYD Zimbabwe has started offering the T3 electric van as well as the new E6 with the Blade battery. Meta Electric in Kenya now also offers the BYD T3 electric van. In Egypt, El Nasr Automotive has partnered with Dongfeng to locally produce electric vehicles, starting with the Nasr E70 sedan.

In Ghana, SolarTaxi Ghana wants to ensure that many more fully electric models are available to potential buyers. They now offer over 15 models (yes, 15 different electric vehicle models) in Ghana which are available on a long term lease, lease or outright purchase basis. Most of them are Chinese models, including the Xpeng G3. The SolarTaxi range includes a selection of new and used Chinese electric vehicles, catering to a wide range of prices for customers.

Chinese automakers and new energy vehicle startups are pushing very hard on the electric vehicle front while Japanese automakers are still holding back and essentially playing a waiting game. There will simply be more Chinese models available in the market very soon which are really very good and affordable for new and used vehicle customers on the mainland. The good thing is that there is also a growing amount of affordable small electric vehicles with decent range made in China right now. These will obviously be more attractive to young buyers in Africa’s growing first and second tier cities. Most of these buyers, who will be in the market for their very first vehicle, typically opt for used Japanese vehicles priced between $ 6,000 and $ 14,000. Now, if they can have the option of getting a brand new electric vehicle that is easier and cheaper to maintain and in a similar price bracket with a decent range, they will surely switch to a new electric vehicle. Some of these EVs are part of a group of vehicles that I like to call ICE Killers. Great Wall Motors, which is already present on the continent, should closely monitor this market and bring in its “Cats”, ie the Ora R1 (Black Cat), the Ora R2 (White Cat) , the Good Cat and maybe even bring the Punk Cat too.

There are some really good affordable electric vehicles that are now starting to appear regularly in the Chinese sales charts, such as the Changan Benni EV and the Leap Motor T03. We hope that these companies will increase their production and see the export market soon. We also hope that upgraded versions of the blockbuster Wuling Hongguang Mini EV will also soon be available for the export market. While Japanese brands such as Honda still embark on low volume production, expensive $ 38,000 small-town electric vehicles with actual range less than 200 kilometers, China’s NEV companies are now offering vehicles of a similar size. for the price of a used 5 to 7. -in ICE Honda Fit. It won’t be long before these small Chinese EV towns arrive in Africa as new or used vehicles to disrupt the import market for used ICE vehicles. This is a huge opportunity for some innovative markets, coupled with good funding models. Traditional brands and traditional OEMs will most likely ignore this market, mainly because African countries have low levels of motorization and traditionally have low sales of new vehicles. New affordable models from Chinese brands will step in to conquer this market with their electric vehicles for less than $ 10,000.


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