A Nation of Victims is Doomed to Fail

The obsession with victimhood is destroying our future.

America has become a nation of “victims” and “survivors.” Everyone is getting over a “trauma” or “processing.” They demand special privileges because of the suffering of their ancestors. They trot out studies which prove that they are somehow disadvantaged. They gorge on self-help books and deploy therapy terminology to accuse everyone else of mistreating them.

Our society has turned into a cross between a Marxist academic conference and therapy session where Marxist terminology like “systemic racism” and therapy talk like “gaslighting narcissist” form key parts of the grammar of perpetual victimhood.

Politics has been reduced to victimhood advocacy and we are worse off for it.

Victims are not good people. Postmodern influencer culture conflates ‘victim’ and ‘survivor’, but they are two very different things. Survivors are people who pick themselves up and go on. Victims give up and spend the rest of their lives doing nothing except blaming everyone else.

After the slaves were freed, some made long journeys to major cities, others built families and worked hard to provide for them. They perserved despite lynchings and racism. Over 150 years later, some of their descendants claim that nothing can be expected from them because they’re suffering from Post Traumatic Slave Syndrome even though the only place they’ve seen slavery is on television. That’s the difference between survivors and victims.

After the Holocaust, Jewish people who had seen their entire families killed in front of them remarried, had children and started their lives again. Often they didn’t even talk about what they had experienced until decades had passed. Others helped build a nation out of the desert sands. Now some of their great-grandchildren claim they’re so fragile they need safe spaces.

The same is true of all Americans. We are all the descendants of survivors. Our grandparents and great-grandparents fought in wars, persisted through economic turmoil and didn’t give up. Whatever happened to them, they didn’t see themselves as the victims. They were strong, not because they postured on social media, but because they got up whenever they were knocked down. They had their grievances and resentments, but they didn’t build their lives around them.

Survivors are motivated by love and duty. They understand that there is more to life than their own pain. They redeem their suffering by making their lives matter. That is the essence of the human ideal. It’s how nations and families are built. And it’s how our nation is coming apart.

Victims are driven by hate. Their pain is performance. It’s what makes them special and the only purpose left to them. The more they feel, the angrier they get. And they want to be angry. There are victims who have actually suffered, but the majority in our culture are “identity victims” or “therapy victims” whose victimhood is based on the terminology of academic Marxism or shrink sessions: who have suffered nothing except a lack of emotional fulfillment.

These creatures, who once handed out radical fliers at campus cafes and poisoned family reunions, went “viral” through social media and generated legions of sympathetic followers. Their perpetual outrage at being victims drives our culture and our politics. Incapable of talking about anything other than themselves, they have ‘built their brand’ into the model for our society.

America went from a nation of courage, allegiance and responsibility where people made commitments to something larger than themselves, used their pain to build better things, to a society of wallowers competing over who has the biggest pain and the least responsibility.

The difference between survivors and victims is that survivors have a larger purpose, while victims have made victimhood into their purpose. And they want it to be our purpose.

Politics has become a dysfunctional therapy session, an intersectional debate over whose pain is superior, and who is just faking it, as if nations are defined by individual pain rather than cultures of aspiration. New victimhood causes proliferate every day while the old ones fight it out. Whose pain is superior, feminists or transgender men? Trauma is our national resource now and there’s only so much of it to go around. Those who have the most are at the top.

Victimhood grants a moral superiority that liberates the victim from moral responsibility.

If you’re an official victim, you can rampage around cities, looting, beating and burning, with few legal and certainly no moral consequences. Beyond economics, replacing ‘equality’ with ‘equity’ takes us from an equality of moral obligations to an equity of moral outcomes. And race riots, canceling people, and rigging college admissions are just ways of achieving “moral equity.”

Behavior that is objectively wrong, violence, hate, harassment and terrorism, becomes right if the perpetrators are victims who claim to be striving for a society of moral equity. But the truth about victims is that they never want to stop being what they are. If they did, they would become survivors. Victimhood is convenient and comforting. Victims never have to learn to do better. They spend all of their time telling others to do better so that xer’s feelings aren’t hurt again.

Victimhood views failure as a conspiracy, rather than a choice, and nations and societies that embrace victimhood quickly turn into failed states. America used to get things done. Now we no longer win wars or can even stock supermarkets. There are a thousand points of failure and they begin with a culture that is hostile to achievement and supportive of victimhood.

Our educational system promotes those who refuse to learn, government subsidizes professional victimhood and corporations overlook those who work in favor of those who don’t, but are more likely to sue or throw a public tantrum. Trillions are spent with no return and nothing gets done because the real product is the virtue signaling of victimhood.

Victimhood is an excuse for failure and so we’ve become an unserious society. Victims are incapable of thinking about anything except themselves and our culture has become stuck in the same narcissistic loop of personalities. Everyone wants to be a celebrity, to feel special, and to play the victim when the social media collective fails to give them the due that they deserve.

The loudest voices are those who complain rather than inspire, who give up rather than get ahead, who explain that the game is rigged so everyone should join them in staying home.

Victims make a fetish of their pain. They are ‘in touch with their emotions’ because they inhabit them all the time. They are so busy selfishly feeling their feelings that they can’t be bothered to care about the impact on anyone else. Just as eskimos have many words for ‘snow’, victims have many ways to describe their pain. Their unhappiness is ‘trauma’, talking to people is ‘unpaid emotional labor’ and they spend all their time ‘processing’ or feeling their feelings.. Watching Netflix is ‘self-care’ to recover from all the ‘trauma’ of all their ‘unpaid emotional labor’.

Even their most ordinary activities are part of the fantastic drama that is their existence. Every breath they take is a labored ‘resistance’ to a vast systemic conspiracy out to destroy them.

And while such woke performative antics are more common among social media millennials than in everyday life, the underlying conviction that our emotions matter more than our responsibilities, that anger exempts us from morality, and truth takes a backseat to ‘my truth’ has spread throughout our culture with disastrous results on our functioning and our future.

A society is inspired by its leading figures and its culture is shaped by its stories. Victimhood has become our story. It pervades our classrooms, our fiction, our new myths and our discourse. It has left us in a state of arrested development because we have become incapable of moving forward. Instead of building new things, we rehash past history, purge ‘problematic’ figures and assign blame for the failures of the present to the dead history of the past.

Victimhood is obsessed with the past. Unlike survivors, victims never want to move forward. They want to remain tethered to the moments that defined them. America was always a nation that looked forward, that imagined the impossible and then realized it. Now, like many backward societies, it has become stuck in the past, rewriting its history to make its founding more evil, churning out excuses for today’s failures in the endless root causes for infinite victimhood.

No wonder most Americans, for the first time in history, no longer believe in a better future.

America was a nation of survivors. It can only endure as a nation that looks to the future. A nation of victims is doomed to fail. It fails because that is the only way its victims can succeed.

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Georgia is at a crossroads to European integration | View


The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews.

As the new year begins, the world faces a reality that is drastically different from that of 12 months ago. 

The major lines are still there — we are still dealing with a pandemic, democratic institutions around the world are under threat, climate change remains a major challenge for humanity, and Russia is still seeking to destroy international order. And yet, nothing is the same.

With the Russian invasion of Ukraine, the world has seen with its own eyes the true brutality of the Kremlin, something we in Georgia had been warning about since 2008. We’ve also seen the strength of the unity and resilience of the Ukrainian people, fighting for its independence and freedom.

The response by the Western world has been one of true unity. Putin sought to divide Europe and instead, the European Union came together and showed that through togetherness, it could meet the most dangerous challenges. In June 2022, the European Council granted Ukraine and Moldova the EU membership candidacy status and this has been one of the most concrete proofs of solidarity and ambition.

Georgia was left out.

In July 2021, when the Presidents of Georgia, Ukraine, and Moldova signed a joint declaration pledging for cooperation on the path to European integration under the watch of European Council President Charles Michel, Georgia was largely seen to be at the head of the pack, implementing democratic reforms since 2004. But within a year, Georgia was left behind.

We were given until the end of 2022 to adopt a series of reforms and make steps to fulfill 12 recommendations issued by the European Commission. Among them figured electoral reform to make sure the next elections would be free and fair, judicial reform to put an end to the cabal of centralised decision-makers that threaten Georgian democracy, an end to public corruption, freedom of the media, moves towards depolarisation and deoligarchisation, strengthening civil society involvement in public decisions, and electing a new Public Defender through an independent process.

Instead of these reforms, the Georgian people has witnessed a struggle between the ruling party and the President over selecting a new Chair of the Central Election Commission, the judicial clan gained new powers and its most controversial figures were appointed to higher positions, government-affiliated media and organizations have launched public attacks against civil society organisations, and Parliament failed to elect a new Public Defender.

Meanwhile, Nika Gvaramia, the founder of opposition channel Mtavari Arkhi, remains in prison. His sentence has been condemned by civil society and our Western partners.

The country remains gripped with the fate of former President Mikheil Saakashvili, in prison for more than a year and whose health continues to deteriorate. Recent revelations that traces of arsenic and mercury found in his system may be tied to poisoning have led to nationwide and international calls for his transfer abroad for treatment, calls that have been ignored by the Georgian government. President Volodymyr Zelenskyy has joined those calls.

On December 14th, the European Parliament adopted a report calling for the release of Saakashvili, on Georgian leaders to stop its “aggressive verbal attacks” on European politicians, and addressing the many issues where Georgia continues to fail in democratic progress.

Meanwhile, the ruling party has used procedural tactics to strip the parliamentary opposition from its leverage by removing one by one the mandates of elected MPs.

To be clear, the death of Mikheil Saakashvili in prison benefits one and one person only: Vladimir Putin.

And these developments take place at a time when the international community has raised concerns about where Georgia stands in the midst of the Russian invasion of Ukraine. Georgia itself suffers from the occupation of 20% of its territories by the Kremlin, regular kidnappings of our citizens, dire violations of human rights in the occupied territories, the “borderization” crisis that sees Russian forces erect barbed wires in the heart of Georgian land to divide Georgian households and villages. But the Prime Minister of Georgia has publicly stated his refusal to join sanctions on Russia, the Georgian economy has become increasingly dependent on the Russian market in 2022. Instead of showing public signs of solidarity towards Ukraine, Georgian government officials continue to refuse to name Russia as an aggressor, spend more time bashing Ukrainian leaders, and have even threatened to strip the citizenship of Georgian volunteers fighting for Ukraine.

Georgia is at a crossroads. The path to European integration has never been as open as it is now for Georgia, yet we keep failing on grabbing this opportunity.

We need to realise that candidacy to the European Union will remain but a desire of the Georgian people as long as the judiciary remains in the hands of one man, the oligarch Bidzina Ivanishvili, as long as corruption continues to be rampant in the high levels of government, as long as there is no guarantee for the next elections to be held in a free and fair environment, as long as Mikheil Saakashvili and Nika Gvaramia remain in prison, and as long as the Georgian authorities continue to give mixed signals on where its foreign allegiance stands.

Europe should know that it holds a strong friend in the people of Georgia. Polls have continuously shown that 80% of the population wants to be part of the European family. And that support will not end, no matter the rhetoric issued and the steps taken by a misguided government.

Khatia Dekanoidze is a member of the Parliament of Georgia, and the Chairwoman of the Strength is in Unity parliamentary group, the largest opposition group in Parliament. She served as Chief of the National Police of Ukraine in 2015-2016 and as Minister of Education and Science in Georgia in 2012.

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Burger King Stock: 4 Great Ways to Invest In Fast Food

You cannot buy stock in Burger King, but you can buy stock in Burger King’s owner, Restaurant Brands International (NYSE: QSR).

Investors are interested in Burger King because it is the world’s second-largest hamburger chain, with over 18,700 locations in over 100 countries. Burger King was the seventh largest fast-food chain in the world, with a 1.2% share of the global fast market in 2020.

Burger King Stock: Investing in Fast Food

Burger King Sales Numbers

Burger King claims over 11 million people visit its restaurants each day. Burger King sells 275 burgers each hour, 6,575 burgers a day, and 2.4 million hamburgers a year. The best-selling Burger King product is the Whopper selling 2.1 billion a year.

There were around 7,257 Burger King locations in the United States in 2022. McDonald’s (MCD) had 13,914 locations in the United States in 2022.

Burger King Stock

Burger King stock is not available to buy on any stock exchange. You can invest in Burger King by buying shares in Restaurant Brands International (QSR),  Burger King’s parent company. Restaurant Brands International trades on the New York Stock Exchange.

Burger King Stock Chart

Burger King 5-Year Stock Chart: Restaurant Brands International (Ticker: QSR)
Burger King 5-Year Stock Chart: Restaurant Brands International (Ticker: QSR)

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Burger King’s Other Stock!

Burger King, owned by Restaurant Brands International (QSR), also has a sister company called Restaurant Brands Asia Ltd (RBA), which trades on the India NSE stock exchange. Restaurant Brands Asia operates Burger King locations in India and Indonesia.

Restaurant Brands Asia - 2-Year Stock Chart
Restaurant Brands Asia – 2-Year Stock Chart

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Burger King Stock Price

Burger King does not have a stock price because it is wholly owned by Restaurant Brands International (QSR). Restaurant Brands International shares were trading at $65.69 on January 11, 2023. QSR has seen some share price growth recently. The share price rose from $59.51 on January 11, 2022.

Burger King Stock Symbol

Burger King does not have a ticker symbol or stock name because it is not publicly traded on a stock exchange. Burger King’s owner, Restaurant Brands International, uses the ticker symbol QSR on the New York Stock Exchange.

Restaurant Brands Asia Ltd. trades on Indian stock exchanges as NSE: RBA.

Does Burger King have stock?

No, Burger King does not have stock, but its owner, Restaurant Brands International (QSR), does have stock because it is a public company.

You cannot buy Burger King stock, but you can own stock in BK’s owner Restaurant Brands International.

Burger King History

Keith Kramer and Matthew Burns founded Burger King as Insta-Burger King in Jacksonville, Florida, in 1953. The two had bought the rights to a special grilling machine called the Insta-Broiler. The two began franchising the chain and the Insta-Broiler.

In 1954, Cornell University classmates James McLamore and David Edgerton bought a Burger King Franchise in Miami. McLamore and Edgerton adapted the Insta-Broiler into a gas grill they called a “flame broiler.”

Flame-broiled hamburgers became Burger King’s signature food, differentiating it from competitors. Most burger chains, including McDonald’s, fry burgers on a heated grill.

In 1959, McLamore and Edgerton bought out Kramer and Burns. The new owners restructured the company and changed the name to Burger King. They also introduced the Whopper. In 1967, the Pillsbury Company bought Burger King.

Burger King has had several owners since 1967. They created Restaurant Brands International in 2014 when Burger King merged with the iconic Canadian coffee shop chain Tim Horton’s. Restaurant Brands bought another fast-food icon, Popeye’s fried chicken chain, in 2018. The company also owns Firehouse Subs, an American sandwich chain.

In recent years, Burger King has been trying to rebrand itself as “BK.” Management hopes the initials will restore Burger King’s image in North America, where it faces stiff competition from McDonald’s and quality burger chains, such as In-n-Out Burger and Shake Shack (SHAK). Many North American Burger King locations have closed in recent years.

Restaurant Brands Stock

The value proposition at Restaurant Brands International is one of the world’s largest fast-food operations.

Restaurant Brands claims to have over 400 Firehouse Subs franchises, over 3,500 Popeye’s locations, over 5,000 Tim Horton’s coffee shops, and over 18,700 Burger King locations worldwide. Therefore, Restaurant Brands operates over 27,600 fast-food restaurants around the world. McDonald’s claims to operate over 38,000 restaurants in 118 countries and territories in 2022.

Restaurant Brands is a diversified company. It operates four different brands, each selling a different menu. This means Restaurant Brands can keep making money if tastes change. If people stop buying burgers, they could buy submarine sandwiches from Firehouse Subs or chicken from Popeye’s.

Restaurant Brands further diversifies its operations by selling coffee through Tim Horton’s. Tim Horton’s is the fifth largest coffee shop chain in the United States, with 626 locations in 10 states in 2022, ScrapeHero estimates. The largest coffee shop chain Starbucks (SBUX), had 51,836 US locations in 2022.

Diversification protects Restaurant Brands from a changing market and all the aggressive competition in the burger segment. Diversifying allows Restaurant Brands to tap different markets. It caters to upscale customers through Firehouse Subs, coffee drinkers with Tim Horton’s, chicken lovers with Popeye’s, and working-class diners with Burger King.

Another value proposition at Restaurant Brands is its ability to sell cheap food. This allows Restaurant Brands to profit in a poor economy because people still need to eat and hate to cook in terrible times. There are also many situations in which people need to save money but cannot cook.

In good times, people have extra cash for Whoppers, onion rings, Popeye’s Chicken, Tim Horton coffee and donuts, and Firehouse Subs. Restaurant Brands is a company that thrives in any economy.

The diversification is paying off because Restaurant Brands is a growing company. Restaurant Brands’ quarterly revenues grew by 15.52% from $4.96 billion in 2020 to $6.36 billion in 2022.

Restaurant Brands is a dividend stock. Its management has scheduled eight 54₵ dividends between April 6, 2023, and January 1, 2025. QSR offered a $2.16 forward dividend and a 3.27% dividend yield in January 2023.

Restaurant Brands is a solid investment in the fast food segment because it is a diversified company that issues a dividend stock.

Burger King IPO

A Burger King initial public offering (IPO) is improbable because the Restaurant Brands’ business model is to operate several fast-food brands. That makes a Burger King spin-off unlikely. A more probable scenario is that Restaurant Brands will buy more fast food brands to diversify their business further.

 


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3 Alternative Investments to Burger King

There are several excellent alternatives to Restaurant Brands International (QSR), including Mcdonald’s, Shake Shack, and Yum Brands.

1. McDonald’s (NYSE: MCD)

McDonald’s (MCD) is the world’s most famous burger chain, with over 38,000 locations in 118 countries and territories worldwide.

McDonald’s had a worldwide brand value of $154.9 billion in 2022. McDonald’s operated 40,031 restaurants worldwide in 2022. This differs from the 38,000 locations McDonald’s claims to operate.

McDonald’s 2020 North American footprint grew from 13,673 to 15,144 locations in 2021.

Over 69 million people worldwide eat at McDonald’s daily, and McDonald’s sells 3.29 billion pounds of French fries yearly.

Many investors like McDonald’s because of its revenues. Stock Rover estimates McDonald’s revenues grew by 20.9%, between 2020 and 2021, from $19.208 billion to $23.223 billion. Those revenues rose slightly by 3.27% to $23.265 billion in the 2022 fiscal year.

Get an Up-To-Date McDonalds Inc. Research Report From Stock Rover
Get an Up-To-Date McDonalds Inc. Research Report From Stock Rover

Download a Free McDonalds Stock Research Report From Stock Rover

International markets are the principal source of McDonald’s revenues. Stock Rover reports show international markets generated 54% of McDonald’s revenues in 2022. The United States was the second largest source of McDonald’s revenues, contributing 41% in 2021. Around 9% of McDonald’s revenues came from international developmental licensed markets in 2021.

Stock Rover Rankings for McDonald’s 2023

Profitability Stock Industry S&P 500
Quality Score 84 56 76
Gross Margin 56.1% 32.8% 29.8%
Operating Margin 43.7% 13.5% 14.6%
Net Margin 25.4% 8.0% 11.1%
Return on Assets 12.2% 10.9% 8.0%
Return on Equity -90.0% -101.7% 33.8%
ROIC 17.4% 18.1% 19.7%

 

Stock Rover Rankings: McDonald’s vs. Competitors 2023

Ticker Company Cap ($M) P/E Change (%)
MCD McDonald’s $200,369 34.5 -0.2%
SBUX Starbucks $123,118 37.9 0.5%
CMG Chipotle… $43,354 54.5 0.8%
YUM Yum Brands $36,912 29.8 0.5%
YUMC Yum China… $24,404 29.0 2.1%

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McDonald’s is a popular dividend stock. Its management has scheduled eight quarterly $1.52 dividends between March 15, 2023, and October 11, 2024. Dividend.com estimates McDonald’s was offering a $6.08 forward dividend in January 2023.

The value propositions at McDonald’s include the powerful brand, the large revenues, and the dividends. McDonald’s sells a product people always need: food.

People always need to eat, and McDonald’s has a reputation for selling cheap, good food. This lets McDonald’s thrive in good times when people can afford Big Macs and in poor economies when consumers need to grab a cheap meal.

McDonald's 5-Year Stock Chart
McDonald’s 5-Year Stock Chart

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In recent years, McDonald’s has been struggling in North America, facing stiff competition from many fast-food chains. McDonald’s has closed stores in North America. McDonald’s closed around 200 stores in North American Walmart (WMT) supercenters.

The McDonald’s locations are closing because there is less demand for burgers. Walmart is replacing McDonald’s with Taco Bell, Domino’s Pizza, and Charley’s Philly Steaks stores.

2. Shake Shack (NYSE: SHAK)

Shake Shack (SHAK) is a popular American quality burger chain. Quality burger chains, such as Shake Shack and In-N-Out Burger, sell handmade burgers made from fresh meat and hand-cut fries.

Shake Shack’s business model is the belief people will pay extra for a better burger. The company’s fast growth shows a strong demand for “quality burgers” and handmade fries.

Shake Shack began in one location in New York City in 2004. By 2022, there were 436 Shake Shack locations. They opened 69 Shake Shacks in 2022, and there were plans to open 65 to 70 Shake Shack locations in 2023.

Shake Shack 5-Year Stock Chart
Shake Shack 5-Year Stock Chart

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Shake Shack was originally an urban chain selling burgers from city storefronts. In 2021, they started opening Shake Shack drive-thrus to compete with its West Coast rival, In-N-Out Burger. In-N-Out Burger only operates drive-thrus. Most In-N-Out Burger locations have no inside dining.

Drive-thru stores can be lucrative. Restaurant Dive claims an Orlando, Florida, Shake Shack sold $86,000 worth of food a week in 2022. Shake Shack CEO Randy Garutti claims a drive-thru can increase Shake Shack’s annual sales to $5 million and increase profits by 20%. Restaurant Drive estimates each company-owned Shake Shack location generated around $3.8 million in sales in 2022.

Shake Shack vs. Its Competitors 2023: Powered By Stock Rover

Ticker Company Cap ($M) P/E Change (%)
SHAK Shake Shack $2,269 0.0%
JACK Jack In The Box $1,603 14.1 0.9%
BROS Dutch Bros $2,065 0.1%
CNNE Cannae Holdings $1,799 -0.6%
DIN Dine Brands $1,179 14.0 0.6%
BJRI BJ’s Restaurants $728 -1.4%

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Management hopes to open 25 Shake Shack drive-thrus in 2023. Opening drive-thrus allows Shake Shack to expand into suburban areas, which comprise most of the fast-food markets in North America.

Unlike In-N-Out Burger, Shake Shack is a publicly traded company. Its shares trade on the New York Stock Exchange under the SHAK ticker. The value proposition at Shake Shack is a company that could grow into a lucrative fast-food giant.

3. Yum! Brands Inc. (NYSE: YUM)

Yum! Brands (YUM) is a diversified fast-food company that resembles Restaurant Brands International.

The value at Yum! is three of the world’s most famous and successful fast-food brands, KFC (Kentucky Fried Chicken), Taco Bell, and Pizza Hut. Yum! competes in the quality burger segment with The Habit Burger Grill. Yum! claims to operate the largest fast food empire with over 53,000 restaurants in 155 countries and territories.

Yum’s value proposition includes three of the world’s most valuable fast food brands in 2022. KFC is the fourth-most valuable fast-food brand worldwide in 2023.

Yum! Brands 5-Year Stock Chart
Yum! Brands 5-Year Stock Chart

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Taco Bell was the sixth most valuable fast food brand in 2022, with a global brand value of $5.81. Pizza Hut was the eighth most valuable fast brand worldwide, with a brand value of over $5.13 billion.

Yum! Brands is a growing company, according to Stock Rover.

Stock Rover Growth Rankings Stock Industry S&P 500
Growth Score 81 67 76
Sales Growth Next Year 5.8% 8.8% 5.9%
Sales 1‑Year Chg (%) 2.0% 41.3% 0.5%
Sales 3‑Year Avg (%) 6.2% 4.6% 13.3%
Sales 5‑Year Avg (%) 2.7% 3.2% 11.9%

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The value proposition at Yum! Brands are the world’s largest footprint of fast-food restaurants. That footprint does not include China. Another company, Yum China Holdings Inc. (NYSE: YUMC), operates KFC, Pizza Hut, Taco Bell, Little Sheep, and Huang Ji Huang restaurants in the People’s Republic.

The Yum! Value proposition includes dividends. Yum! Brands has scheduled eight 57₵ quarterly dividends between March 10, 2013, and December 9, 2024.

The success of brands such as Burger King shows why fast food is a valuable investment. Value investors seeking recession-resistant stocks need to investigate companies such as Restaurant Brands International and Yum! Brands, Yum China Holdings Inc., and McDonald’s.

 


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Our Fast Food Company Research

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Will Venezuela Make an Oil Market Comeback in 2023?

Venezuela will not be making a big comeback in the oil market this year.

That’s what FGE thinks, according to Francisco Gonçalves, a senior analyst and energy economist at the company, who noted that “without further sanctions relief, we expect Venezuela’s production gains in 2023 will be limited”.

“Chevron joint venture production aside, Venezuela’s output for most of 2022 was stuck at around 650,000 barrels per day – albeit some 150,000 barrels per day higher year on year due mainly to more frequent imports of Iranian condensate – showing that the country has limited capacity for production growth,” Gonçalves told Rigzone.

“With regards to the output from Chevron’s four Venezuelan joint ventures over the next months, growth is likely to be minimal, given Chevron has said it is not planning on making any significant investment there in the short term,” he added.

Although the three main JVs could “in theory” produce around 200,000 barrels per day, compared to around 50,000 barrels per day in November 2022, the partners would need to make “big investments” over the next two to three years to ramp-up their production by another 80-100,000 barrels per day overall, according to the senior analyst.

“Even if there are some small synergies – e.g., the new licence allows Chevron to use imported diluent at its Venezuelan JVs, therefore freeing PDVSA to use up Iranian condensate for its other non-Chevron heavy oil ventures – we would highlight the various problems with the country’s ageing storage and offloading infrastructure which have and will most likely to continue hampering any further sustained recovery in Venezuelan oil production and/or exports,” Gonçalves said.

“Therefore, we could see a potential boost to Venezuela’s output, but by just 50,000 barrels per day by 1H 2023 and not much thereafter,” Gonçalves added.

Offering his opinion, Vikas Dwivedi, a Global Oil & Gas Strategist at Macquarie Group, told Rigzone that Venezuela is unlikely to make a “significant” comeback in 2023. 

“The political gap is still too large for a full normalization of Venezuela’s ability to export their full volumes,” Dwivedi said. 

“Even more importantly, the mechanical gap is probably even larger as the Venezuelan oil industry would need significant upgrades and repairs to ramp up production. Finally, if the oil market remains oversupplied for most of 2023 as we expect, the U.S. and other countries will be less motivated to work with Venezuela to increase their oil production,” Dwivedi added.

Macquarie Group told Rigzone that it is expecting a modest production increase from Venezuela this year – “on the order of a ~75,000 barrel per day increase for the full-year, rising through the year”.

Paul Horsnell, the head of commodities research at Standard Chartered Bank, told Rigzone that he thinks any output comeback for the country will likely be limited.

“Were sanctions to be significantly eased immediately, [it] would put the potential upside this year at 250-300,000 barrels per day, i.e. taking crude output to 900-950,000 barrels per day. That comes from fixing some of the immediate and most obvious problems and easing a few bottlenecks,” Horsnell said.

“Beyond that, the timescale for a return to, say, two million barrels per day is likely to be long, perhaps three to five years, and returning to the three million barrel per day of crude oil hit in the late-90s is completely off the table with the current structure of the industry and petroleum laws,” he added.

Horsnell noted that, in the mid-1990s, PdVSA talked of getting to five million barrels per day.

“The trouble was that they tried to get there by de facto operating independently of the Venezuelan government, and they provoked the rest of OPEC into a price war that was not called off until well after the Acción Democrática government had been voted out and President Chavez voted in,” he said.

“The scope for such aggressive production planning to happen again is considerably less now, but Venezuela’s experience is perhaps an object lesson in the dangers of a national oil company acting as a state within a state, and it explains why the regulatory re-opening of the Venezuelan oil sector will likely be fairly cautious regardless of who is in power,” Horsnell added.

To contact the author, email [email protected]



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Details On Longitude Venture Growth Investor in Healthcare

Venture growth investor in Healthcare, Longitude Venture Partners Iv investor portfolio, healthcare Longitude Venture Partners

Details On Longitude Venture Growth Investor in Healthcare

Longitude Venture Partners Iv investor portfolio expands its Venture growth investor in Healthcare. Know details on healthcare Longitude Venture Partners!

Longitude Capital Expands Biotechnology Practice With Matthew Young

– Young held senior leadership positions at GRAIL and Jazz Pharmaceuticals after successful 20-year investment banking career at Barclays, Citigroup, Lehman Brothers, and Merrill Lynch –

Longitude Capital, a leading healthcare venture capital firm focused on venture growth investments in biotechnology, medical technology, and health solutions, announced that veteran life sciences executive Matthew Young has joined the firm as Managing Director. Mr. Young joins Longitude Capital after almost a decade in leadership positions at GRAIL and Jazz Pharmaceuticals, and 20 years in investment banking.

“Matt’s corporate development, financial, and C-suite operating experience spans life science businesses across multiple sectors and stages, all of which will contribute to our investment decision-making and to supporting our portfolio companies with strategic counsel,” said Longitude Managing Director and Co-founder Patrick Enright. “We are extremely excited to have Matt join our team as we continue to invest in innovative biotechnology companies that, like us, seek to transform the healthcare industry.”

Prior to joining Longitude Capital, Mr. Young was the Chief Operating Officer and Chief Financial Officer of GRAIL, a developer of blood cancer tests that was acquired by Illumina (ILMN) for $8 billion in 2021. From 2013 to 2019, Mr. Young held positions of increasing responsibility at Jazz Pharmaceuticals (JAZZ), a Longitude portfolio company, most recently as Executive Vice President and Chief Financial Officer. Prior to JAZZ, Mr. Young was an investment banker for nearly 20 years at Barclays Capital, Citigroup, Lehman Brothers, and Merrill Lynch, where he advised and led financings for hundreds of emerging and established life science companies. Additionally, Mr. Young served on the board of PRA Health Sciences (PRAH) until its acquisition by ICON plc for $12 billion in 2021, and currently serves as Lead Independent Director and Chairman of the audit committee of CytomX Therapeutics (CTMX) as well as a board member of Alpha-9 Therapeutics.

“I have focused my career on supporting companies across the healthcare continuum that strive to improve patients’ lives by building sustainable businesses that meaningfully improve the standard of care and outcomes. I’m excited to help shape Longitude’s biotechnology practice in its pursuit and advancement of critical therapeutic and diagnostic solutions that will further our shared mission,” said Mr. Young.

Longitude Capital also announced a cadre of new additions to its biotechnology practice in 2022 in support of the Firm’s continued growth in this core sector:

  • Brahma Kumar, MD, PhD – Dr. Kumar is a Vice President on the Biotechnology team and is based in the Greenwich and Boston offices. Prior to joining the Firm, Dr. Kumar was an Engagement Manager at McKinsey & Co., where he focused on R&D strategy for biopharmaceutical clients. Dr. Kumar holds a PhD in Immunology, an MD from Columbia University, and a BA in Economics from Johns Hopkins University.
  • Cindy Wang, PhD – Dr. Wang is a Vice President on the Biotechnology team and is based in the Menlo Park office. Prior to joining the Firm, Dr. Wang most recently served as a Senior Director of Strategy & Corporate Development at Dascena, a Longitude portfolio company. Prior to Dascena, Dr. Wang was an Engagement Manager at L.E.K. Consulting, where she consulted for life sciences companies on drug development, and commercial and portfolio strategy. Dr. Wang holds a PhD in Molecular and Cell Biology from the University of California, Berkeley, and a BA in Chemical and Physical Biology from Harvard University.
  • Zack Ely, PhD – Dr. Ely is a Senior Associate on the Biotechnology team and is based in the Boston office. Prior to joining the Firm full-time, Dr. Ely was a Research Fellow under the Longitude Research Network (LRN), the Firm’s dedicated arm for identifying cutting-edge innovations within sectors, therapeutic areas, or technologies of interest. Dr. Ely holds a PhD in Biology from the Massachusetts Institute of Technology, where he specialized in genome engineering and cancer immunology. Dr. Ely also holds a BA in Molecular and Cellular Biology from Vanderbilt University.

About Longitude Capital

Longitude Capital is a leading healthcare venture capital firm that invests in transformative biotechnology, medical technology, and health solutions companies seeking to improve clinical outcomes, enhance quality of life, and drive efficiency of healthcare delivery. Founded in 2006, Longitude Capital invests in both privately held and publicly traded companies through a variety of investment approaches.

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iQoo 11 5G Review: Pro Performance, Premium Price

iQoo 11 5G is the first flagship Android smartphone of 2023 to arrive in India. The phone is a successor to the iQoo 9T, which launched last year. Positioned as the world’s fastest Android smartphone, the iQoo 11 5G features Qualcomm’s flagship Snapdragon 8 Gen 2 SoC. The phone also packs premium hardware such as a 2K AMOLED display, a 50-megapixel primary camera, and support for 120W fast charging.

The new handset has received some ‘pro’ features but as they say, upgrades come at a cost. The iQoo 11 5G is far more expensive than the outgoing model. Should you buy the iQoo 11 5G or wait for other flagship phones to launch? Here is our full review to help you decide.

iQoo 11 5G price in India

The iQoo 11 5G has been launched in two configurations. The base model packs 8GB of LPDDR5X RAM and 256GB of UFS 4.0 storage. It is priced at Rs. 59,999. The variant we are reviewing costs Rs. 64,999 and packs 16GB of RAM with 256GB of storage. As part of the launch offers, HDFC Bank and ICICI Bank cardholders are eligible for a Rs. 5,000 discount.

iQoo 11 5G design and display

The iQoo 11 5G comes in two colours and finishes. The company sent us the Legend variant, which has the classic white rear panel with the BMW Motorsport-inspired racing stripe design. This particular variant uses a combination of fibreglass and silicone leather. The phone feels quite refreshing to hold and look at without compromising on the premium in-hand feel. The Alpha colour variant has a glass back and is a safer option for those who want the classic black colour. Both models come with a metal chassis for better durability and a premium touch.

The iQoo 11 5G in its Legend colour option

The phone is fairly tall and is not meant for one-handed use. It measures around 8.72mm in thickness. The phone’s power and volume buttons are located on the right side and are easy to reach. Despite weighing about 205g, the phone does not feel very heavy. Of course, if you are coming from a lighter phone then you are bound to feel the dense weight.

On the front, the iQoo 11 5G has a 6.78-inch AMOLED display with a 2K resolution. Because the screen offers vivid colours and deep blacks, the viewing experience is great. The cherry on top is the set of additional features that enhance the multimedia experience. These include up to 1800 nits of peak brightness (for outdoors, under sunlight), support for WideVine L1, and HDR10 content support in apps such as Netflix. 

The display bezel around the chin of the iQoo 11 5G is slightly thicker than other bezels. There is a hole-punch cut out at the top for the front camera. The screen also has a layer of Corning’s Gorilla Glass Victus, which should make it more resistant to scratches or shattering during accidental drops.

The display of the iQoo 11 5G also intelligently switches between 1Hz and 144Hz depending on the on-screen content. iQoo seems to have some pending optimisations for running apps at 144Hz as in my experience, most apps that I tried ran at 120Hz. Out of the three refresh rate settings, I preferred using Smart Switch, which adjusts the refresh rate automatically based on the system power consumption and actual usage scenario. Oddly, there were a few stutters in the UI on a select few apps such as Twitter and Instagram. Alternatively, you can set the refresh rate at Standard (60Hz) or High (up to 144Hz).

iQoo 11 5G WM 2 iQoo 11 5G

The iQoo 11 5G has fairly thin bezels around its AMOLED display

There is also a smart refresh rate feature on the iQoo 11 5G where only a portion of the display refreshes at a higher rate when required. This is possible in a few apps such as YouTube where the comments section, for example, refreshes at a higher rate when scrolling, while the part of the display where the video is being played refreshes at a lower rate. iQoo claims that the intelligent switching helps reduce power consumption. The display also supports a feature called Monster Touch, which lets you use portions of the display as additional in-game buttons within certain games. 

iQoo 11 5G specifications and software

As mentioned above, the iQoo 11 5G is powered by a Qualcomm Snapdragon 8 Gen 2 SoC making it the first smartphone in India with this new flagship SoC. There is also a dedicated Vivo V2 chip, which claims to help enhance the camera, display and gaming experience. The phone also packs a bigger 5,000mAh battery, compared to the iQoo 9T’s 4,700mAh cell. The 120W fast charger is provided inside the box.

There is a quick and responsive in-display fingerprint scanner and support for AI face recognition as well. Wireless connectivity includes Wi-Fi 6, Bluetooth v5.3, USB Type-C port, GPS, etc. The iQoo 11 5G does not get an IP rating and does not support wireless charging, which is disappointing. 

In terms of software, the iQoo 11 5G runs on the latest Android 13 out of the box. It has a layer of Vivo’s Funtouch OS 13 on top. The custom skin has multiple options for customising animations, app icon shape and size, changing wallpapers, etc. Funtouch OS 13 also supports Android 13’s system UI colour palette feature and adjusts the system-wide colour based on the wallpaper or theme set by the user.

Funtouch OS also lets users create guest profiles so others can use the same phone, without gaining access to your apps and data. Think of it as a Netflix or Amazon Prime Video user profile, where each user has a record of their own watch history, preferences, etc. This is a good privacy feature for those who often hand their phone to other people to use.

You also get support for adding widgets to the home screen. In addition to this, the software supports Android 13’s Privacy Dashboard, Permission Manager, etc. While all of this is great, the company’s native V-App Store produces a lot of spam with frequent notifications. Fortunately, the UI is not filled with many third-party apps other than Snapchat, Spotify and Byju’s. You can uninstall the unwanted apps if you wish.

iQoo 11 5G WM 8 iQoo 11 5G

The V-App Store frequently spams with unwanted notifications and recommendations

iQoo has promised to provide three years of Android updates and four years of security support for the iQoo 11 5G. This means that the phone should get Android 14 to Android 16 eventually, along with support for security patches till 2027.

iQoo 11 5G performance and battery life

The Snapdragon 8 Gen 2 SoC inside the iQoo 11 5G is a powerhouse. I did not experience any lag whatsoever while playing games or performing routine tasks on the device. Call of Duty: Mobile ran well even at the ‘Max’ frame rate setting and ‘Very High’ graphics. The phone did not get as warm as I expected it to even after a couple of matches, which lasted for about 20 minutes each. I also played Asphalt 9 Legends and the experience was equally good with no sign of lag or stutter.

There is a feature called frame rate interpolation on the iQoo 11 5G, which is said to add additional frames to a game even if the game does not actually support it. The ‘Ultra Game’ mode also lets users switch between Battery Saver, Balanced and Monster power modes. While Balanced mode offers a mix of good performance and power efficiency, Monster mode unlocks the SoC’s peak performance but at the cost of battery life.

I ran a few benchmarks to see if the iQoo 11 5G could match the company’s claimed score of 13,23,820 points on AnTuTu. Our review unit scored 12,63,366 points in AnTuTu, which fell short of the claimed score. That being said, it is among the highest scores that we have recorded so far. The iQoo 11 5G beats the Snapdragon 8+ Gen 1 SoC-powered Asus ROG Phone 6 (Review) by a fair margin. The iQoo 11 5G also scored 884 and 3099 points in Geekbench’s single-core and multi-core tests.

iQoo 11 5G WM 9 iQoo 11 5G

The iQoo 11 5G comes with a 120W fast charger in the box

With great power, comes the fear of excessive battery consumption. However, the iQoo 11 5G seems fairly optimised for this flagship Snapdragon SoC. I got an average of a little over six hours of screen-on time, which is not bad. In our HD video loop test, the iQoo 11 5G lasted for 20 hours, 59 minutes, which was very impressive for a flagship Android smartphone. The 120W fast charger also charged the battery from 1-100 percent in 23 minutes, which is actually a couple of minutes quicker than the claimed time.

iQoo 11 5G cameras

The iQoo 11 5G has a triple-camera setup on the back. It has a 50-megapixel Samsung GN5 camera with support for optical image stabilisation (OIS). The primary camera is accompanied by an 8-megapixel ultra-wide camera, and a 13-megapixel portrait camera with 2X optical zoom.

iQoo 11 5G WM 5 iQoo 11 5G

The iQoo 11 5G gets Vivo’s V2 chip for enhanced camera performance in low light 

Premium iQoo phones tend to have impressive camera performance and it is mostly true in the case of the iQoo 11 5G as well. The primary camera’s daylight performance is pretty good. The colours are a touch boosted but the dynamic range is quite good. Images have controlled highlights and well-exposed shadows, be it any time of the day. In Photo mode with scene detection enabled, at times, captures good enough low-light shots that are well-exposed. If you want a brighter low-light image, you can switch to Night mode which usually takes a couple of seconds to capture and a couple more seconds to process an image.

iQoo 11 5G primary camera samples

The ultra-wide camera sensor is weaker compared to most flagships out there. Details from the 8-megapixel sensor are not as sharp, especially around the distorted edges. The dynamic range performance is also below average. I expected iQoo to do better in this area. The telephoto camera with 2X optical zoom captures good details and the blur around the subject also looks very natural. However, when in portrait mode, the subject’s skin tone appears a shade or two lighter, making them look a bit fairer than real life.

Top to bottom: Ultra-wide sample, ultra-wide sample, Portrait mode on the iQoo 11 5G

For selfies, you get a 16-megapixel front camera that gets the skin tone right in most cases. However, just like with the rear camera’s portrait mode, the front camera makes the subject look fairer than reality. The front camera’s portrait mode also smoothens the skin a bit, despite turning off all sorts of beauty modes. It also blurs out the wrong edges at times, like in the image below where the software blurred out some parts of my face and also the earphones in my ear.

Front camera portrait mode on the iQoo 11 5G

In terms of video, the iQoo 11 5G can record up to 8K 30fps videos using the rear camera. The V2 chip unlocks Night Mode video recording at 4K 30 fps and the results are quite impressive. While there is some noise in the darker areas, I would not complain much as the overall video is well-exposed and does a far better job than the standard video mode. You can also record night mode videos at 1080p 30fps but not at 1080p/ 4K 60fps.

The front camera continues to support only 1080p 30fps video recording. The subject is exposed well but the camera compromises on the dynamic range.

Verdict

The iQoo 11 5G sets the tone for 2023 Android flagship smartphones. While design preferences are subjective, I quite liked the faux-leather back of the Legend edition. I hope iQoo experiments with more colours though, as having just two colours is a bit limiting. The phone also checks other boxes by offering a great display, solid performance, and strong battery backup. Thankfully, the 120W charger is included in the box. The phone is expected to get three major Android updates and while Funtouch OS is improving, iQoo needs to hit the brakes when it comes to spammy notifications from its own apps. The lack of wireless charging and IP rating also takes some points away from the 11 5G.

The primary camera is good and has some neat features, such as night mode for video. However, for a phone that costs Rs. 64,999, it deserved to get a better ultra-wide camera. In fact, we feel the iQoo 9 Pro (Review) has a better camera setup in this regard and would serve you better, at a lower price. If you’re not a numbers person, then the iQoo 9 Pro is still a good deal as you get wireless charging and the superior Ultrasonic fingerprint reader. 

However, if you want a phone that offers best-in-class performance with the latest processor, very fast charging, great multimedia experience, and good cameras, the iQoo 11 5G can certainly be considered. However, keep in mind that there are plenty more Android flagships from OnePlus, Samsung and others that are right around the corner, so it wouldn’t hurt to wait a bit before making your purchase decision. 


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Things to Do When Your Favorite App Is Down | CoinStats Blog

Nowadays, being connected and immersed in the digital world is part of everyday life. From hours of trawling through the internet, watching cat posts on Instagram or Ask Me Anything (AMA) Videos on YouTube, and stalking well-known celebrities’ Facebook or Twitter accounts, we’re all living our lives behind a screen.  However, whilst the internet helps us stay connected with friends, make money online, or enjoy our free time, sometimes we genuinely want to step away from the screen of our mobile phone or iPad for a little bit of digital detoxing, helping us pursue our life goals, enjoy our relationships, and much more. Moreover, we often face lengthy app interruptions or internet connection problems forcing us to re-imagine life without our smartphones or other tech devices.

So, the next time you’re faced with the impossibility of staying productive when dealing with these difficulties or you have no clue how to kill time when your Wi Fi is down, don’t worry or feel lost, instead check out our backup plan for staying on top of your game when your favorite apps go down.

So without further delay, let’s look into fun things to do on your phone or other devices while waiting for the Internet connection to be back!

Key Takeaways

  • Whilst the internet helps us stay connected with friends, make money online, or enjoy our free time, sometimes we genuinely want to step away from the screen of our tech devices for a digital detoxing.
  • We often face lengthy app interruptions or internet connection problems forcing us to re-imagine life without our smartphones or other tech devices.
  • You can do so many fun things and focus on real-life social interactions while refraining from using tech devices for a while.

1. Read Articles Offline

If you enjoy reading articles, you can prepare by installing Pocket, which allows you to save your favorite articles, tweets, recipes, etc., to read later. While coming across an item on your smartphone that you might want to read later, select Pocket from the share option and store it. Additionally, you can use the app’s Discover feature to access a curated selection of articles depending on your interest. Download Pocket’s browser extension if you’re working on a PC.

Newsstand app, available for both iOS and Android, is another good app for downloading newspapers and magazines, which you can read when you don’t have an internet connection. It’s a single place where you can keep your free and paid subscriptions. Moreover, it saves entire publications and downloads new content when you have internet for offline reading later.

2. Go for a Walk

Going for a long walk may sound obvious, but it’s basically one of the simplest (and cheapest) things you can do when you want to give up your mobile phone, computer, and other devices for a brief time. Getting outside for some fresh air, whether it’s a leisurely stroll around your neighborhood park or a fast walk to a friend’s house nearby, will be helpful for letting go of the stress that stems from constant connectivity. Moreover, you can go for a walk with your mom or friend and take advantage of real-life social interactions while simply talking or discussing ideas with them. Some other great digital detox ideas are to play with your dog in the nearby park or go for a bike ride to get lost in nature or the city.

3. Make Some Phone Calls

Consider all the calls you need to make but haven’t had the time to prioritize. Do you need to book a haircut? A doctor’s visit? A veterinary examination for your dog? When was the last time you called your parents? Surprise your friend with a call and talk about your next meet-up or lend an ear and listen to what they have to say instead of DM-ing or tweeting them. If your internet is down, but you still have cell service, take a few minutes to cross a couple of these numbers off your list.

4. Make a To-Do List

You may be disconnected right now, but your internet connection will, of course, be restored sooner or later. So, this is a perfect moment to grab a pen and a piece of paper and make a to-do list of tasks to complete, including effectively organizing and prioritizing the tasks. You can also plan a get-together to never forget, such as a party with friends or a picnic or a meal plan for the week.

Alternatively, several to-do-list applications, such as Google Calendar and Evernote, can still be used while you are offline. You simply need to be logged in to Evernote before you lose your internet connection, and whatever you enter while offline will be synchronized the next time you connect.

Any.do is another task management app that provides the best tools for perfectly organizing to-do lists and managing your calendar. It has a great offline productivity app that makes any tasks you’ve already synced with your phone or computer available, and any changes you make will be uploaded to your account whenever you next have a connection. So make it a point to take control of your to-dos by keeping track of them.

5. Listen to Podcasts Offline

Podcasts are one of the most popular ways to get information or entertainment these days, as you can listen to them in the car, at the gym, etc. However, if you don’t have an internet connection, you can still listen to podcast episodes; it just requires a little planning.

Individual podcast episodes can be downloaded (or “saved”) to your iOS device using Apple’s Podcasts app (which you can get through iTunes if it isn’t already on your device). This allows you to listen to podcasts even when you’re offline. So, to prepare for your commute or other times with no access to the internet, we recommend downloading a large number of podcast episodes in advance.

To store an episode on the Podcast app, follow these steps: Find your podcast episode, click the three dots to the right of the title, and select “Save episode.” The download may take a few minutes to complete. Once the podcast is downloaded, you can listen to it online or offline from the “My Podcasts” tab.

If you have an Android smartphone, you can listen to podcasts both online and offline with the Stitcher app. To listen to previously downloaded podcast episodes without an internet connection, use the “offline mode.” You can either download these episodes individually or configure Stitcher to download new episodes of podcasts you’re subscribed to whenever you have internet access.

6. Take a Break

Why not take a break and relax when you don’t have internet access? Taking breaks has been proven to increase productivity by enhancing alertness, focus, and work speed.

Take a stroll, nap, meditate, spend a little time reading, or meet a coworker for coffee and speak about something other than work. We propose the free software Headspace (available for iOS and Android), which will walk you through the fundamentals of meditation in just 10 minutes.

During detoxing from digital devices, you can also cook new things, write a blog post on paper, practice your forgotten skills, learn a new language, or how to play the piano, etc.

7. Hold an Unscheduled Staff Meeting

Did your internet go down when everyone was at work? If you enjoy engaging with other people but want to keep things work-focused, an internet outage might be the ideal moment to gather the team to brainstorm, check up on the progress of everyone’s projects, or discuss scheduling or concerns that you might not usually have time to catch up on.

8. Download Apps to Watch Offline

When it comes to entertainment, video games aren’t your only option. You can also download apps to your phones for practically every streaming service available to watch your favorite shows wherever you are. Some services will allow you to download episodes of your favorite series to your device so you can watch them without internet connectivity or after exhausting your data plan.

Fast Fact

By temporarily forgoing digital devices, you can let go of the stress that stems from constant connectivity.

9. Write Thank-You Notes

While you’re disconnected, why not be thankful for all the beautiful things in your life or handwrite a few thank-you cards to folks who’ve made a difference in your life?

Even if you don’t have any stationery on hand, you can write down the thank-you notes on a piece of paper to transcribe into a finer piece of stationery once you get it. Here’s a Hallmark thank-you note template to get you started.

10. Organize Your Space

What better opportunity than now to finally get that cluttered drawer under control or look through old stuff and donate old clothes to charity? Keep your mind (and hands) busy for at least an hour by cleaning out and arranging your room/drawer, kitchen, etc.

No matter how well-organized you are, chances are you still have a mountain of outdated documents cluttering up your home office/office desk. Pull out your paper shredder and help yourself by decluttering your desk (and mind). Unsubscribe from mailing lists to free yourself from the burden of deleting emails, update your contact list and delete listings you don’t ever contact, connect your email accounts to send and receive email from your smartphone, etc.

11. Make a Playlist

music listening

Many of us listen to music while working because it helps us stay “in the zone.” When we listen to music we enjoy, the nucleus accumbent of our brains activates, releasing dopamine: the incentive and pleasure neurotransmitter.

While you may not be able to access the songs individually when you’re offline, depending on how you listen to music, you can still create a playlist to enjoy when the internet is down. If you use iTunes and have already downloaded the music you wish to listen to, you can create a new playlist at any time, whether you’re connected or not. Spotify’s “offline mode” function available to premium customers enables you to create and listen to playlists offline; however, you must connect to the internet at least once every thirty days to save your offline music preferences.

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Little tech luxuries once made middle class millennials feel rich. That era is over

Growing up in the 2000s and 2010s, big tech made some big promises: Everything would be disrupted, streamlined, simplified. We’d be able to hack our lives to perfection, and doing so would make everything cheaper, to boot.

For a while, the promises seemed to pan out. At least in certain sectors. Travel—flights, accommodations, transportation—was democratized, with more people able to afford to go to more places and post the photos to prove it on Instagram. Food from local restaurants and grocery stores could be delivered for free right to your front door. Designer clothes could be rented for a fraction of the cost of buying retail and returned with ease, after, again, the requisite shot for social media.

But into the 2020s, the sheen of the accessible luxury tech era has faded. The companies that once subsidized a certain urban lifestyle failed to actually turn a profit, and so the little luxuries—Uber rides home from the bar, unlimited workouts at boutique fitness studios—that were once affordable are no longer so.

And thanks to a combination of rampant inflation, stagnant wages, and recession fears, customers are already feeling their budgets squeezed. So long, cheap luxury; hello, expensive reality.

The free ride is over

Propped up by plenty of venture capital funding and favorable market conditions, many tech startups were able to offer customers (frequently depicted as young urbanites but in reality spanning all generations) premium goods and services at steeply discounted prices, for a decade. It was easy for a certain type of consumer to enjoy a luxury lifestyle on a discount, including routine restaurant delivery, car rental on demand, and even discounted pre-portioned meals for the aspiring foodie who didn’t know how to cook.

Their wages might not be rising and their student loan debt might be overwhelming, but they could still rent out a country house for the weekend and convince themselves it was all working out as it should.

“We really did get spoiled,” says Charles Lindsey, associate professor of marketing at the University at Buffalo School of Management. “Shareholders were really subsidizing those low prices for these companies to build their markets.”

The markets have been built, but the promotional ride is over now—and the experts aren’t surprised. The demise of these types of services and funding models was foretold; prices have been inching up for years.

Now, though, the full bill is harder to bear for many consumers, thanks to a confluence of factors: the free money that allowed companies to subsidize these lifestyles without actually profiting has dried up as interest rates have risen. Inflation has taken its toll on everything from housing to gas to groceries to travel. The COVID-19 pandemic constrained supply but built up demand that is now bursting, particularly in travel. The economic winds have shifted.

Though the rise of these small luxuries has been dubbed the “millennial lifestyle subsidy”—used to paint Generation Y once again as entitled spendthrifts—the truth is all generations used and enjoyed these premium services, says Lindsey. And no one is happy that everything is now more expensive.

But the end of these subsidies is still more resonant to the generations entering the workforce in the 2010s and beyond than to their parents or grandparents. Not because millennials are necessarily more reliant on them, rather, because cheap travel accommodations and cashmere-on-demand created an illusion of wealth for college-educated, supposedly upwardly mobile young adults who frequently had to take on multiple jobs to pay their monthly bills. As debt-strapped professionals flocked to cities that promised higher wages, these cheap luxuries enabled millennials to enjoy some of the fruits of their labor, even if they couldn’t actually afford the rent.

The rent has become even more unaffordable for twenty- and thirty-somethings who didn’t (or couldn’t) leave higher-cost-of-living cities for the suburbs at the same rate as their parents. In the past cheap luxuries offered some solace, but now millennials’ lack of real wealth feels even more pronounced.

These younger generations didn’t enjoy the housing and education subsidies their parents and grandparents received post-WWII; they have navigated two once-in-a-generation economic shocks already—and a pandemic. Now, they can’t even get a cheap ride to the airport.

Premium services at discount prices was never sustainable

The poster boy of this subsidized excess is Uber—when it was good, it was great. But it’s no longer great. Trips cost significantly more than they did even a year or two ago: The average price of a rideshare trip in the U.S. cost 34% more in November 2022 compared with November 2019, according to market research firm YipitData.

Just a few weeks ago, an Uber ride from the New Orleans airport to my accommodations was priced at $73. A cab, on the other hand, charged a flat fee, which was half the price, just $36. My traveling companion and I didn’t even have to wait for the cab to arrive, then try chasing it down within the 2-minute timeframe given to find our driver; there was a queue of them ready to go.

Airbnb is another good example. When it began, it offered more affordable and unique accommodations for travelers hungry for a one-of-a-kind experience. Now, with hosts tacking on fee after fee and leaving a to-do list of cleaning tasks for guests to tackle before they leave, many people are questioning whether it’s worth the hassle. If you’re going to pay for a cleaning service, and you’re prohibited from having friends over for drinks, you may as well stay at a hotel that guarantees fresh sheets and plush towels, and you’re not required to take the trash out when you’re rushing for the airport.

Companies are slashing rewards and loyalty programs to focus on profitability, says Lindsey. Loyal Dunkin’ Donuts drinkers were outraged when the coffee chain changed its rewards program so that customers have to spend more than double what they previously did—now $90, up from $40—to earn a free latte. A more elite example, according to Lindsey: Delta Airlines changed its rewards program in 2023. To attain the highest rewards status, passengers must spend $20,000 this year (in addition to mileage requirements), compared to $15,000 last year—a roughly 33% increase.

Outside the travel sector, apps like Poshmark and Depop once brought affordable secondhand and vintage clothing and accessories to the masses. Now, resellers have taken over, pricing used goods, from “vintage” fast fashion T-shirts to well-worn ankle boots, at retail price or even higher. Thrift stores have also been increasing their prices, seeing an opportunity to make more off of the reseller scouring racks IRL for goods to hawk online. The result? People who actually can’t afford to buy clothing anywhere else are getting priced out.

Doordash and Seamless promised to deliver food from any restaurant or convenience store, often without a delivery fee attached. Now, fees add up quickly, as restaurants charge for service and delivery, as well as tips for the delivery workers themselves. Restaurants inflate their menu prices to recoup the cut taken by the delivery app.

For some customers—those who are disabled or have limited mobility for other reasons—these are still great services. But in big cities, those millennials who used to not think twice about placing an order from their phone, it now makes more sense to simply walk a block or two to the nearest takeaway spot, or pick up the phone and place an order the old fashioned way.

Disruption leads to fewer options

Turns out, the old fashioned way worked well enough for a lot of the experiences tech promised to disrupt.

And now that all of these services cost more, customers are realizing the quality isn’t quite up-to-snuff. Ordering sub-par delivery from a local spot is okay when you get free delivery and a discount; it becomes less attractive when the freebies go away, quantities shrink, and restaurants pass on increasing food costs to their customers.

Likewise, a redeye flight on a budget airline is tolerable when it costs less than the cab ride to the airport. But when every flight costs hundreds of dollars for a grueling, dehumanizing experience—that frequently includes canceled or delayed flights—and the airline loses your bag, travel for travel’s sake becomes less appealing.

Unfortunately, the old fashioned way doesn’t exist anymore in many industries—it was killed off by big tech. Many restaurants that couldn’t keep up with rising food costs and delivery platform fees are no longer in business; those that are are splitting their profits with a middle man who doesn’t do much but make discovery for some customers a little easier. To keep up with the accelerated trend cycles perpetuated in part by secondhand shopping and resale apps—and exacerbated by social media—clothing quality in general has been decimated. Even when you’re shelling out for a “quality” garment, you might find it’s made 100% of synthetic materials. Uber and Lyft, buoyed by 10 years’ worth of investor subsidies, effectively killed off taxis in some markets across the country, says Lindsey.

It’s hard for consumers to “extract a penalty” against these companies that dominate the market, says Lindsey. “We’re going to have to get used to increased prices, at least in the short term.”

Of course, not all luxury lifestyle accoutrements are going away. Consumers are still spending on clothing, food, travel, and experiences—but now they’re usually paying full price. And who can afford that?

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Cheltenham Reveal Entries for Some Festival Chases – SportsNewsIreland SportsNewsIreland Live Scores

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Cheltenham has revealed entries for the 2023 Sporting Life Arkle Novices’ Chase, National Hunt Chase, Brown Advisory Novices’ Chase and Turners Novices’ Chase, with some horses holding multiple entries.

Irish-trained horses account for 16 of the 26 entries for the Grade 1 Sporting Life Arkle Novices’ Chase on Tuesday, 14 March 2023. Willie Mullins accounts for half of the Irish entries, while the JP McManus-owned Jonbon from Nicky Henderson’s yard is among the entries.

Sporting Life Arkle Novices’ Chase (Grade 1) 1m 7f 199y

Appreciate It (IRE) 9 Miss M. A. Masterson W. P. Mullins Ireland
Ballybreeze 7 Mr Kevin Price Samuel Drinkwater
Banbridge (IRE) 7 Mr R. A. Bartlett Joseph Patrick O’Brien Ireland
Bass Rock (FR) 7 Mr Raymond Anderson Green Sandy Thomson
Boothill (IRE) 8 Brian & Sandy Lambert Harry Fry
Datsalrightgino (GER) 7 The GD Partnership Jamie Snowden
Dysart Dynamo (IRE) 7 Ms Eleanor Manning W. P. Mullins Ireland
El Fabiolo (FR) 6 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Fil Dor (FR) 5 Caldwell Construction Ltd Gordon Elliott Ireland
Final Orders 7 C. M. D. Syndicate Gavin Cromwell Ireland
Flame Bearer (IRE) 8 Linda Mulcahy/Mary Wolridge W. P. Mullins Ireland
Ha d’Or (FR) 6 Mrs S. Ricci W. P. Mullins Ireland
Haddex des Obeaux (FR) 6 Mr O. S. Harris Gary Moore
Hollow Games (IRE) 7 Bective Stud Gordon Elliott Ireland
James du Berlais (FR) 7 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Jonbon (FR) 7 Mr John P. McManus Nicky Henderson
Largy Debut (IRE) 8 C. Jones Henry de Bromhead Ireland
Mighty Potter (FR) 6 Caldwell Construction Ltd Gordon Elliott Ireland
Mortlach 8 Richard D A Hames and Doug Pocock Fergal O’Brien
Saint Roi (FR) 8 Mr John P. McManus W. P. Mullins Ireland
Sir Gerhard (IRE) 8 Cheveley Park Stud W. P. Mullins Ireland
Straw Fan Jack 8 Mr Graham Wilson Sheila Lewis
Unexpected Party (FR) 8 O’Reilly MacLennan Tynan Carthy Shanahan Dan Skelton
Visionarian (IRE) 8 Mr Basil Holian Peter Fahey Ireland
West Cork 9 Mike and Eileen Newbould Dan Skelton
Effernock Fizz (IRE) 8 Mr T. B. Sheridan Cian Collins Ireland

An incredible twenty-three of the thirty-seven entries for the Grade 2 National Hunt Chase come from Ireland, with the big Irish stables all represented.

National Hunt Chase (Grade 2) 3m 5f 201y

Aione (FR) 10 Mrs S. Ricci W. P. Mullins Ireland
Amirite (IRE) 7 Patrick Hale Henry de Bromhead Ireland
Blackjack Magic 8 T Hayward, O’Gorman, Walker & Patersons Anthony Honeyball
Bowtogreatness (IRE) 7 Harry Redknapp & Sophie Pauling Ben Pauling
Bronn (IRE) 6 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Captain Kangaroo (IRE) 8 Kanga Racing & Brett Graham Syndicate W. P. Mullins Ireland
Chavez (IRE) 7 Mr Malcolm C. Denmark W. P. Mullins Ireland
Chemical Energy (IRE) 7 Caldwell Construction Ltd Gordon Elliott Ireland
Churchstonewarrior (IRE) 8 Mr T. A Hegarty Jonathan Sweeney Ireland
City Chief (IRE) 6 Mrs J Donnelly Nicky Henderson
Coeur Serein (IRE) 9 Andy Ralph Jonjo O’Neill
Coolvalla (IRE) 7 Mr L. Gilbert Chris Gordon
Fakiera (FR) 8 Mr T. O’Driscoll Gordon Elliott Ireland
Frontal Assault (IRE) 8 Gigginstown House Stud Gordon Elliott Ireland
Gaillard du Mesnil (FR) 7 Mrs J. Donnelly W. P. Mullins Ireland
Gerri Colombe (FR) 7 Robcour Gordon Elliott Ireland
Glengouly (FR) 7 Roaringwater Syndicate W. P. Mullins Ireland
Gold Cup Bailly (FR) 7 Mr Simon Munir/Mr Isaac Souede S. R. B. Crawford Northern Ireland
Gustavian (IRE) 8 Decimus Racing I Anthony Honeyball
Harper’s Brook (IRE) 7 The Megsons Ben Pauling
Hidden Heroics (FR) 6 Mr Ian Lawrence Dan Skelton
I Am Maximus (FR) 7 Mr Claudio Michael Grech W. P. Mullins Ireland
Idas Boy (IRE) 9 Gigginstown House Stud Noel Meade Ireland
Iron Bridge (IRE) 7 Exors of the late Mr Trevor Hemmings Jonjo O’Neill
Jon Snow (FR) 8 PJL Racing & Paul Bowden George Baker
Kilcruit (IRE) 8 Miss M. A. Masterson W. P. Mullins Ireland
Mahler Mission (IRE) 7 Colm Herron & Rockview Racing Syndicate John McConnell Ireland
Malinello 8 Martin & Lynn Jones Ben Pauling
Minella Crooner (IRE) 7 Mr David Barnard Gordon Elliott Ireland
Mister Coffey (FR) 8 Lady Bamford & Alice Bamford Nicky Henderson
Mr Adjudicator 9 Mr David Bobbett W. P. Mullins Ireland
Rambranlt’jac (FR) 7 Watch This Space Syndicate W. P. Mullins Ireland
Ramillies (IRE) 8 Mrs J. Donnelly W. P. Mullins Ireland
Tea For Free (IRE) 8 Mrs Susan Monkland Charlie Longsdon
Tenzing (IRE) 6 C. Jones W. P. Mullins Ireland
Walking On Glass (IRE) 8 Fivers & Tenners Syndicate Padraig Roche Ireland
Bellatrixsa (IRE) 6 Ms Sharon Kinsella Venetia Williams

Seventeen horses trained in Ireland are entered for the Grade 1 Brown Advisory Novices’ Chase on Wednesday, 15 March 2023.

Brown Advisory Novices’ Chase (Grade 1) 3m 80y

Amirite (IRE) 7 Patrick Hale Henry de Bromhead Ireland
Balco Coastal (FR) 7 Mr Mark Blandford Nicky Henderson
Ballygrifincottage (IRE) 8 Friends From Insurance Dan Skelton
Bear Ghylls (IRE) 8 Bradley Partnership Nicky Martin
Bowtogreatness (IRE) 7 Harry Redknapp & Sophie Pauling Ben Pauling
Bronn (IRE) 6 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Drumbear 7 Mr Colm Herron John McConnell Ireland
Gaillard du Mesnil (FR) 7 Mrs J. Donnelly W. P. Mullins Ireland
Gelino Bello (FR) 7 Mr and Mrs J. D. Cotton Paul Nicholls
Gentlemansgame 7 Robcour M. F. Morris Ireland
Gerri Colombe (FR) 7 Robcour Gordon Elliott Ireland
Glengouly (FR) 7 Roaringwater Syndicate W. P. Mullins Ireland
Hidden Heroics (FR) 6 Mr Ian Lawrence Dan Skelton
I Am Maximus (FR) 7 Mr Claudio Michael Grech W. P. Mullins Ireland
Idas Boy (IRE) 9 Gigginstown House Stud Noel Meade Ireland
Iron Bridge (IRE) 7 Exors of the late Mr Trevor Hemmings Jonjo O’Neill
James du Berlais (FR) 7 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Kilcruit (IRE) 8 Miss M. A. Masterson W. P. Mullins Ireland
Loughderg Rocco (IRE) 7 Newark Castle Partnership L J Morgan
Malinello 8 Martin & Lynn Jones Ben Pauling
McFabulous (IRE) 9 Giraffa Racing Paul Nicholls
Mighty Potter (FR) 6 Caldwell Construction Ltd Gordon Elliott Ireland
Minella Crooner (IRE) 7 Mr David Barnard Gordon Elliott Ireland
Monmiral (FR) 6 Sir A Ferguson G Mason J Hales & L Hales Paul Nicholls
Ramillies (IRE) 8 Mrs J. Donnelly W. P. Mullins Ireland
Sir Gerhard (IRE) 8 Cheveley Park Stud W. P. Mullins Ireland
Stage Star (IRE) 7 Owners Group 044 Paul Nicholls
Thedevilscoachman (IRE) 7 Mr John P. McManus Noel Meade Ireland
The Real Whacker (IRE) 7 Neville, Mann, Duffus and Dennis Patrick Neville
Thunder Rock (IRE) 7 McNeill Family & Mr Ian Dale Olly Murphy
Thyme Hill 9 The Englands and Heywoods Philip Hobbs
Wonderwall (IRE) 7 REBEL JUMPING II Richard Spencer
Galia des Liteaux (FR) 7 Mr Michael Ariss Dan Skelton
Telmesomethinggirl (IRE) 8 Mr K. Alexander Henry de Bromhead Ireland

There are forty-one entries for the Grade 1 Turners Novices’ Chase over 2 miles 3 furlongs on Thursday, 16 March 2023. Twenty-one of the entries come from Irish-based trainers.

Turners Novices’ Chase (Grade 1) 2m 3f 168y

Adamantly Chosen (IRE) 6 Watch This Space Syndicate W. P. Mullins Ireland
Appreciate It (IRE) 9 Miss M. A. Masterson W. P. Mullins Ireland
Balco Coastal (FR) 7 Mr Mark Blandford Nicky Henderson
Banbridge (IRE) 7 Mr R. A. Bartlett Joseph Patrick O’Brien Ireland
Bass Rock (FR) 7 Mr Raymond Anderson Green Sandy Thomson
Bold Endeavour 7 Countrywide Park Homes Ltd Nicky Henderson
Bowtogreatness (IRE) 7 Harry Redknapp & Sophie Pauling Ben Pauling
Bronn (IRE) 6 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Christopher Wood (IRE) 8 Ms Sharon Kinsella Venetia Williams
Datsalrightgino (GER) 7 The GD Partnership Jamie Snowden
Drumbear 7 Mr Colm Herron John McConnell Ireland
Dysart Dynamo (IRE) 7 Ms Eleanor Manning W. P. Mullins Ireland
El Fabiolo (FR) 6 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Flame Bearer (IRE) 8 Linda Mulcahy/Mary Wolridge W. P. Mullins Ireland
Gaillard du Mesnil (FR) 7 Mrs J. Donnelly W. P. Mullins Ireland
Gentlemansgame 7 Robcour M. F. Morris Ireland
Glengouly (FR) 7 Roaringwater Syndicate W. P. Mullins Ireland
Ha d’Or (FR) 6 Mrs S. Ricci W. P. Mullins Ireland
Harper’s Brook (IRE) 7 The Megsons Ben Pauling
Hollow Games (IRE) 7 Bective Stud Gordon Elliott Ireland
I Am Maximus (FR) 7 Mr Claudio Michael Grech W. P. Mullins Ireland
James du Berlais (FR) 7 Mr Simon Munir/Mr Isaac Souede W. P. Mullins Ireland
Journey With Me (IRE) 7 Robcour Henry de Bromhead Ireland
Kilcruit (IRE) 8 Miss M. A. Masterson W. P. Mullins Ireland
Lac de Constance (FR) 7 Mr Andrew L. Cohen Dan Skelton
Loughderg Rocco (IRE) 7 Newark Castle Partnership L J Morgan
McFabulous (IRE) 9 Giraffa Racing Paul Nicholls
Mighty Potter (FR) 6 Caldwell Construction Ltd Gordon Elliott Ireland
Monmiral (FR) 6 Sir A Ferguson G Mason J Hales & L Hales Paul Nicholls
Mortlach 8 Richard D A Hames and Doug Pocock Fergal O’Brien
Notlongtillmay 7 Mr Alan Rogers L J Morgan
Ramillies (IRE) 8 Mrs J. Donnelly W. P. Mullins Ireland
Sir Gerhard (IRE) 8 Cheveley Park Stud W. P. Mullins Ireland
Stage Star (IRE) 7 Owners Group 044 Paul Nicholls
Straw Fan Jack 8 Mr Graham Wilson Sheila Lewis
The Real Whacker (IRE) 7 Neville, Mann, Duffus and Dennis Patrick Neville
Thunder Rock (IRE) 7 McNeill Family & Mr Ian Dale Olly Murphy
Unexpected Party (FR) 8 O’Reilly MacLennan Tynan Carthy Shanahan Dan Skelton
Wonderwall (IRE) 7 REBEL JUMPING II Richard Spencer
Fil Dor (FR) 5 Caldwell Construction Ltd Gordon Elliott Ireland
Tweed Skirt 6 Just Four Men with Rose Tinted Glasses Nicky Henderson

LiveScores Now Available at IrishScores.com

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How the job of Amazon delivery has changed with Rivian’s electric vans and routing software

For the 275,000 Amazon drivers dropping off 10 million packages a day around the world, the job can be a grind. But a lot has changed since drivers in 2021 told CNBC about unrealistic workloads, peeing in bottles, dog bites and error-prone routing software.

Among the biggest developments is the arrival of a brand-new electric van from Rivian.

Amazon was a big and early investor in the electric vehicle company, which went public in late 2021 with a plan to build trucks and SUVs for consumers and delivery vans for businesses. Since July, Amazon has rolled out more than 1,000 new Rivian vans, which are now making deliveries in more than 100 U.S. cities, including Baltimore, Chicago, Las Vegas, Nashville, New York City and Austin, Texas.

The partnership began in 2019, when Amazon founder and ex-CEO Jeff Bezos announced Amazon had purchased 100,000 electric vans from Rivian as one step toward his company’s ambitious promise of reaching net-zero carbon emissions by 2040.

″[We] will have prototypes on the road next year, but 100,000 deployed by 2024,” Bezos said at the National Press Club in Washington, D.C., in September 2019. Amazon has since revised the timeline, saying it expects all 100,000 Rivian vans on the road by 2030.

Rivian has faced several challenges in recent months. It cut back 2022 production amid supply chain and assembly line issues. Its stock price dropped so sharply last year that Amazon recorded a combined $11.5 billion markdown on its holdings in the first two quarters.

CNBC talked to drivers to see what’s changed with the driving experience. We also went to Amazon’s Delivering the Future event in Boston in November for a look at the technology designed to maximize safety and efficiency for delivery personnel.

For now, most Amazon drivers are still in about 110,000 gas-powered vans — primarily Ford Transits, Mercedes-Benz Sprinters and Ram ProMasters. Amazon wouldn’t share how it determines which of its 3,500 third-party delivery firms, or delivery service partners (DSPs), are receiving Rivian vans first. 

The e-commerce giant has been using DSPs to deliver its packages since 2018, allowing the company to reduce its reliance on UPS and the U.S. Postal Service for the so-called last mile, the most expensive portion of the delivery journey. The DSP, which works exclusively with Amazon, employs the drivers and is responsible for the liabilities of the road, vehicle maintenance, and the costs of hiring, benefits and overtime pay.

Amazon leases the vans to DSP owners at a discount. The company covers the fuel for gas-powered vans and installs charging stations for electric vehicles.

The company says DSP owners have generated $26 billion in revenue and now operate in 15 countries, including Saudi Arabia, India, Brazil, Canada, and all over Europe. 

What drivers think

In the early days of testing the Rivian vans, some drivers voiced concerns about range. An Amazon spokesperson told CNBC the vans can travel up to 150 miles on a single charge, which is typically plenty of power for a full shift and allows drivers to recharge the vehicle overnight.

As for maintenance, Amazon says that takes place at Rivian service centers near delivery stations or by a Rivian mobile service team, depending on location.

Julieta Dennis launched a DSP, Kangaroo Direct, in Baltimore three years ago. She employs about 75 drivers and leases more than 50 vans from Amazon. She now has 15 Rivian vehicles.

“It’s very easy to get in and out with all of the different handles to hold on to,” Dennis said. She said that some drivers were hesitant at first because the vehicles were so new and different, “but the moment they get in there and have their first experience, that’s the van that they want to drive.”

Baltimore DSP owner Julieta Dennis shows off a Rivian electric van at Amazon’s Delivering the Future event in Boston, Maryland, on November 10, 2022.

Erin Black

Brandi Monroe has been delivering for Kangaroo Direct for two years. She pointed to features on a Rivian van that are upgrades over what she’s driven in the past. There’s a large non-slip step at the back, a hand cart for helping with heavy packages and extra space for standing and walking in the cargo area.

“We have two shelves on both sides to allow for more space,” Monroe said, adding that she’d prefer to drive a Rivian for every shift. “And then the lights at the top: very innovative to help us see the packages and address a lot easier, especially at nighttime.”

There’s even a heated steering wheel.

Former driver B.J. Natividad, who goes by Avionyx on YouTube, says his non-electric van could get very cramped.

“I remember one time I had 23 or 24 bags and over 40 oversize packages and I had to be able to figure out how to stuff that all in there within the 15 minutes that they give us to load up in the morning,” said Natividad, who now works for USPS.

The Rivian vans have at least 100 more cubic feet than the Sprinter and up to double the cargo space of the Ford Transit vans Natividad drove in Las Vegas. Rivian vans are still small enough that they don’t require a special license to drive, though Amazon provides its own training for drivers.

One driver in Seattle, who asked to remain unnamed, was especially excited about the new Rivian vans. He offered an extensive tour of the new driving experience on his YouTube channel called Friday Adventure Club.

He said one of his favorite features is a light bar “that goes all the way around the back.” He also likes that the windshield is “absolutely massive,” the wide doors allow for easy entry and exit, and the cargo door automatically opens when the van is parked. There are two rows of shelves that fold up and down in the cargo area.

There’s also new technology, such as an embedded tablet with the driving route and a 360-degree view that shows all sides of the van.

Mai Le, Amazon’s vice president of Last Mile, oversaw the testing of the center console and Rivian’s integrated software.

“We did a lot of deliveries as a test,” Le said. “As a woman, I want to make sure that the seats are comfortable for me and that my legs can reach the pedals, I can see over the steering wheel.”

She demonstrated some of the benefits of the new technology.

“When we start to notice that you’re slowing down, that means that we can tell you’re getting near to your destination,” she said. “The map begins to zoom in, so you begin to find where’s your delivery location, which building and where parking could be.”

The new vans have keyless entry. They automatically lock when the driver is 15 feet away and unlock as the driver approaches. 

Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022.

Sandy Huffaker | Reuters

Cameras and safety

Above all else, Amazon says the changes were designed to make the delivery job safer.

A ProPublica report found Amazon’s contract drivers were involved in more than 60 serious crashes from 2015 to 2019, at least 10 of which were fatal. Amazon put cameras and sensors all over the Rivian vans, which enable warnings and lane assist technology that autocorrects if the vehicle veers out of the lane.

Dennis mentioned the importance of automatic braking and the steering wheel that starts “just kind of shaking when you get too close to something.”

“There’s just so many features that would really, really help cut back on some of those incidental accidents,” she said.

Amazon vans have driver-facing cameras inside, which can catch unsafe driving practices as they happen.

“The in-vehicle safety technology we have watches for poor safety behaviors like distracted driving, seat belts not being fastened, running stop signs, traffic lights,” said Beryl Tomay, who helps run the technology side of delivery as vice president of Last Mile for Amazon.

“We’ve seen over the past year a reduction of 80% to 95% in these events when we’ve warned drivers real time,” she said. “But the really game-changing results that we’ve seen have been almost a 50% reduction in accidents.”

As a DSP owner, Dennis gets alerts if her drivers exhibit patterns of unsafe behavior. 

“If something with a seat belt or just something flags, then our team will contact the driver and make sure that that’s coached on and taken care of and figured out, like what actually happened,” Dennis said.

That level of constant surveillance may be unsettling for some drivers. Dennis said that issues haven’t come up among her staffers. And Amazon stresses it’s focused on driver privacy.

“We’ve taken great care from a privacy perspective,” Tomay said. “There’s no sound ever being recorded. There’s no camera recording if the driver’s not driving and there’s a privacy mode.”

Amazon says the cabin-facing camera automatically switches off when the ignition is off, and privacy mode means it also turns off if the vehicle is stationary for more than 30 seconds.

Safety concerns extend beyond the vehicle itself. For example, an Amazon driver in Missouri was found dead in a front yard in October, allegedly after a dog attack.

Amazon says new technology can help. Drivers can choose to manually notify customers ahead of a delivery, giving them time to restrain pets. Another feature that’s coming, according to Le, will allow drivers to mark delivery locations that have pets.

Natividad said he had multiple close calls with dogs charging at him during deliveries.

“You customers out there, please restrain your dogs when you know a package is coming,” he said. “Please keep them inside. Don’t leave them just outside.”

Optimizing routes

Providing drivers with more efficient and better detailed routes could improve safety, too. Drivers in 2021 told us about losing time because Amazon’s routing software made a mistake, like not recognizing a closed road or gated community. In response, they sometimes tried to save time in other ways.

“People are running through stop signs, running through yellow lights,” said Adrienne Williams, a former DSP driver. “Everybody I knew was buckling their seat belt behind their backs because the time it took just to buckle your seat belt, unbuckle your seat belt every time was enough time to get you behind schedule.”

Amazon listened. The company has been adding a huge amount of detail to driver maps, using information from 16 third-party map vendors as well as machine learning models informed by satellite driver feedback and other sources.

One example is a new in-vehicle data collection system called Fleet Edge, which is currently in a few thousand vans. Fleet Edge collects real-time data from a street view camera and GPS device during a driver’s route.

“Due to Fleet Edge, we’ve added over 120,000 new street signs to Amazon’s mapping system,” Tomay said. “The accuracy of GPS locations has increased by over two and a half times in our test areas, improving navigation safety by announcing upcoming turns sooner.”

Tomay said the maps also added points of interest like coffee shops and restrooms, so in about 95% of metro areas, “drivers can find a spot to take a break within five minutes of a stop.”

In 2021, Amazon apologized for dismissing claims that drivers were urinating in bottles as a result of demanding delivery schedules. Natividad said he occasionally found urine-filled bottles in his vans before his shift in the mornings.

“As soon as I open the van, I’m looking around, I see a bottle of urine. I’m like, ‘Oh, I’m not touching this,'” he said.

Pay for Amazon drivers is up to the discretion of each individual DSP, although Amazon says it regularly audits DSP rates to make sure they’re competitive. Indeed.com puts average Amazon driver pay at nearly $19 an hour, 16% higher than the national average.

Natividad started delivering for Amazon in 2021 when his gigs as a fulltime disc jockey dried up because of the pandemic. He liked the job at the time, generally delivering at least 200 packages along the same route. However, during the holiday season that year, he once had more than 400 packages and 200 stops in a single shift.

“Towards the end of my day, they sent out two rescues to me to help out to make sure everything’s done before 10 hours,” he said.

Amazon is working to optimize its routes. But it’s an unwieldy operation. The company says it’s generated 225,000 unique routes per day during peak season.

Tomay said the company looks at the density of packages, the complexity of delivery locations “and any other considerations like weather and traffic from past history to put a route together that we think is ideal.”

There’s no one-size-fits-all solution.

“Given that we’re in over 20 countries and every geography looks different, it’s not just about delivery vehicles or vans anymore,” Tomay said. “We have rickshaws in India. We have walkers in Manhattan.”

In Las Vegas, Amazon held a roundtable last year for DSP owners and drivers. Natividad says he spoke for 20 minutes at the event about the need for Amazon to improve its routing algorithms.

“I think they should do that probably once a month, with all the DSP supervision and a few of the drivers, and not the same drivers every time. That way different feedback is given. And like seriously listen to them,” Natividad said. “Because they’re not the ones out there seeing and experiencing what we go through.” 

Natividad didn’t get to try out the routing technology in the Rivian vans before he left to deliver for USPS in July. He’s excited that the postal service is following in Amazon’s footsteps with 66,000 electric vans coming by 2028.

Amazon, meanwhile, is diversifying its electric fleet beyond Rivian. The company has ordered thousands of electric Ram vans from Stellantis and also has some on the way from Mercedes-Benz.

Correction: Julieta Dennis launched a DSP, Kangaroo Direct, in Baltimore three years ago. An earlier version misspelled her name.



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