Year: 2016

Financial Metrics For Anti-counterfeiting Programs

By Ron Guido, president, Lifecare Services, LLC

Many companies struggle with the need to justify investments in anticounterfeiting programs. Others deem it an important part of their business rationale to help safeguard key brands; yet they question how to devise such metrics. I feel strongly that a credible scorecard can be produced, even for the ostensibly intangible results associated with combatting illicit trade.

By measuring the financial effects of brand-protection programs and their secondary impacts on operational efficiencies and effectiveness, your company will generate the management information needed to:

  • monitor the integrity of your supply chain over time in financial terms
  • quantify breaches in the supply chain that may endanger patients/ customers
  • measure the potential impact of future supply chain breaches (lost revenue or increased costs)
  • objectively inform management of benefits derived from investments in supply chain security (ROI).

Along with ongoing monitoring programs, combined with analysis of your own commercial data, a brand-protection financial scorecard is a valuable tool in your continuing efforts to fulfill your company’s promise to your patients to deliver safe medicines. In doing so, you enhance the reputation and the profitability of your businesses around the globe.

A sustainable process can be created to capture the financial benefits of brandprotection programs and counterfeiting countermeasures across all functional areas, regions, and product lines of your company. Such information can be captured and reported by brand, channel of trade, or type of violation. With the accent on both “recovery” from past/current insults and “prevention” or “loss avoidance,” this process divides reported results into two categories: recovery and avoidance.

Recovery

The concept of revenue recovery, as the phrase implies, is to recognize that you, the IP rights holder and brand owner, have…

Read more at www.pharmaceuticalonline.com

Senegal Moves Toward Nationalized Digital Currency | Goodwin


Last month, Senegal announced its intention to introduce a national digital currency based on block chain technology, and become only the second country in the world following Tunisia to do so.  Senegal’s new digital currency – called “eCFA” – will co-exist as legal tender alongside Senegal’s fiat currency, the CFA Franc.  The CFA Franc, in turn, is the name of two effectively interchangeable currencies – the West African CFA Franc and the Central African CFA Franc – which are used by fourteen African nations.  Not surprisingly, Senegal’s move toward a national digital currency likely will have broader regional implications for the future of national digital currencies in West Africa.


The eCFA is the product of a partnership between regional bank Banque Régionale de Marcheés (“BRM”), a Senegal-based bank, and eCurrency Mint Limited, a fintech company focused on enabling central banks to issue digital fiat currency.  BRM will issue eCFA in compliance with e-money regulations adopted by the Central Bank of West African States (“BCEAO”), which is the primary bank of the West African Economic and Monetary Union (“WAEMU”), comprised of Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, and Togo.  BRM has announced that after eCFA is rolled out within Senegal, BRM plans to later distribute eCFA within these other WAEMU nations.


Critics maintain that the eCFA’s dependence on a centralized banking system defeats a primary purpose of digital currency (i.e., decentralization), and BRM has yet to reveal detailed technical information concerning eCFA.  Setting those issues aside, however, eCFA could have a substantial impact in West Africa, where numerous individuals lack a bank account and could benefit tremendously to the extent eCFA provides them with a secure, reliable, and cost-efficient means of sending, receiving, and storing funds.

Read more at www.jdsupra.com

BitSE Launches Blockchain-Based VeChain Platform, Teams Up With PwC

Shanghai-based Blockchain-as-a-Service (BaaS) company, BitSE, is opening possibilities for every industry with the official launch of VeChain, a cloud product management platform built on a blockchain, at a recent event in Shanghai.

Due to a shared interest in expanding the use of blockchain technologies, BitSE is collaborating with PricewaterhouseCoopers (PwC) to boost blockchain adoption in the Asian Pacific markets, with the goal to help their clients design and implement innovative blockchain solutions.

Read more at bitcoinmagazine.com

Legal Aid Services offers assistance to residents in need of expert opinions in civil cases | News

It isn’t hopeless. That is the biggest misconception Legal Aid attorney Holly Lantagne said potential clients have about their legal cases, specifically involving foreclosures.

Lantagne is managing attorney at Legal Aid Services of Oklahoma’s Norman office, which covers Cleveland, Hughes, McClain, Pottawatomie and Seminole counties and has been open for about 30 years.

“I think what keeps a lot of low-income people from seeking help is thinking that nothing can be done,” Lantagne said. “People should call and apply. They can get advice, even if their situation is hopeless.”

She said in the case of a foreclosure, people often think if they have missed a payment, there isn’t anything they can do, but Lantagne said there are many options, from finding a payment system to helping with the foreclosure process.

Foreclosures are not the only legal issues Legal Aid covers. Housing, taxes, debit and family law are a few legal issues clients can get help with from Legal Aid.

The majority of their cases involve family law, with issues like divorces, guardianship and paternity suites.

“We don’t do criminal law,” Lantagne said.

Lantagne said five attorneys are in the Norman Legal Aid office, with two attorneys working only on disaster relief related to the May 2013 tornado in Moore.

Funding from the United Way of Norman pays almost the entire salary of one of the remaining three attorneys.

These three attorneys have covered 532 cases in Norman this year; 46 of the clients were seniors.

“That’s a huge number of cases for just three attorneys,” Lantagne said.

Lantagne said without funding from the United Way of Norman, they would not be able to support three full-time attorneys.

“The number of clients we could serve would drastically decrease,” Lantagne said.

Those…

Read more at www.normantranscript.com

RVN Is Seeking Design, Social Media/PR, Sales Interns In Los Angeles

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Sexual Assault Suspect Commits Suicide At Washington County Jail

FAYETTEVILLE (KFSM) — An inmate at the Washington County Detention Center committed suicide Thursday (July 28), according to the Washington County Sheriff…

FAYETTEVILLE (KFSM) — An inmate at the Washington County Detention Center committed suicide Thursday (July 28), according to the Washington County Sheriff’s Office.

Mickey Gene Wolfe, Jr., 42, of Wesley was last seen alive around 1:15 a.m. and jail personnel found him hanging from the bed railing in his cell approximately an hour later, the sheriff’s office said.

Wolfe, who was in a cell by himself, had tied a towel together to fashion a noose and then took his own life by hanging himself from the upper bed railing, according to the sheriff’s office.

Wolfe was taken to Washington Regional Medical Center where he was pronounced dead.

He was being held at the detention center on five counts of first-degree sexual assault in Madison County. Court records show Wolfe had engaged in sexual intercourse or deviate sexual activity with persons under the age of 14 in September 2015 and had also engaged in sexual intercourse or deviated sexual activity by forcible compulsion in January 2016.

The sheriff’s office is conducting an internal investigation to ensure polices and procedures were followed by personnel. Wolfe’s body will be sent to the Arkansas State Crime Lab.

Read more at www.5newsonline.com

The Fall and Rise of Iridium

Unless you happen to be a sailor, scientist or survivalist, there’s probably only a middling chance that the name Iridium rings a bell. But a decade and a half ago it was front-page news—an ill-fated satellite-phone company whose failure represented one of the largest bankruptcies in American history.

Launched in 1998, nearly a decade before the iPhone hit the market, the Iridium system was ballyhooed as a technological marvel, which indeed it was: Dozens of interlinked satellites, launched into a low-earth elliptical orbit, would offer coverage anywhere on the globe to anyone who owned a satellite-compatible handset. At a time when cell phone usage stood at only 300 million (the number is 7 billion today), Iridium promised to revolutionize mobile communications forever. It was among the most expensive startups ever, costing more than $5 billion to develop and deploy—a seeming testament to its unbounded potential. As one of the early engineers on the project likewise pointed out, Iridium signaled the first time since God’s acts of original creation that anyone had put a new constellation in the sky.

Eccentric Orbits

By

Atlantic Monthly, 537 pages, $27.50

We shouldn’t smirk at that. Iridium’s innovative logic had a powerful resonance. As John Bloom explains in “Eccentric Orbits,” his engaging and ambitious retelling of the Iridium saga, this was arguably “the first one-world company, offering a one-world service, that was truly blind to nationalities.” Mr. Bloom’s book sets out to tell the story of Iridium’s rise and fall. Along the way, it attempts to unravel the complicated question of how risky new technologies can fail in the near term but succeed in the long…

Read more at www.wsj.com

Mt. Gox and the mother of all short squeezes

When Mt. Gox, the Japan-based bitcoin exchange run by Mark Karpeles, stopped honouring redemptions on February 7, 2014, the company initially blamed the affair on an obscure tech fail known as a malleability issue. Many, however, were unconvinced by the explanation, suspecting foul play, a hack or an inside job.

When Mt. Gox filed for bankruptcy on February 28 it emerged 750,000 of customers’ bitcoins had been lost, plus 100,000 of Mt. Gox’s own stash — a sum collectively worth $473m at prevailing exchange rates. Karpeles himself, however, insisted the exchange had been the victim of external sabotage or fraud.

Time went by. Customers put their complaints to the authorities. Alas, not much in the way of information came their way. At some point, rumours began to emerge that…

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Bitcoin Could Consume as Much Electricity as Denmark by 2020

I’m an engaged environmental researcher and have recently become a bitcoin enthusiast.

These are two possibly conflicting fascinations, as previously pointed out by Christopher Malmo here at Motherboard. That’s because bitcoin is incredibly energy intensive: at the time of Malmo’s piece, he calculated that a single bitcoin transaction requires as much electricity as the daily consumption of 1.6 American households, and that number has increased since then. “Adopting Bitcoin as a major…

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Eric Dodge, Terri Kane performing in dance competition

When Kathy Tolleson first approached the Washington County Children’s Justice Center about hosting a Dancing With Your Community Stars fundraiser she was just hoping to raise a few thousand dollars to help the organization.

During its first year in 2015 the event raised more than $15,000.

“I was just so thrilled that we had so many people step forward and help,” Tolleson said.

Those people included the center’s Friends Board, the “community stars” themselves and their professional…

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