How the internet of things connects financial services to everyday life

first_imgToday, people are more connected than ever before. From homes and appliances, to cars and accessories, the internet of things (IoT) has the potential to bring banking to every corner of people’s lives.Comprised of physical devices that can collect and exchange data, the internet of things includes everything from smart appliances to connected cars, and the number of these devices is growing exponentially.At its best, the internet of things offers an opportunity to deliver relevant, timely information that helps people keep pace with the speed of life today. On the other hand, there is the risk that people could be overwhelmed with so much content that it simply amounts to noise. The challenge for financial institutions is to determine how consumers might want to consume financial services through these devices and what content is relevant for each device. continue reading » 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Countdown to Orange Madness: The Syracuse basketball freshmen

first_img Published on October 12, 2015 at 8:59 pm Contact Sam: [email protected] | @SamBlum3 Facebook Twitter Google+ Syracuse has its unofficial start to the 2015-2016 season when the Orange takes on the Blue for Orange Madness on Friday in the Carrier Dome. The annual intrasquad scrimmage will give Syracuse fans their first look at new freshmen Tyler Lydon, Malachi Richardson and Franklin Howard, along with a new-look starting lineup without departed senior Rakeem Christmas. Each day leading up to Friday, D.O. beat writers Sam Blum, Jesse Dougherty and Matt Schneidman will give you the top five storylines headed into Jim Boehiem’s 40th season as the Orange head coach.The new guys in town Tyler Lydon: The 6-foot-8, 205-pound freshman with a silky smooth jumper likely won’t be a starter, but might see a more significant role for an SU team that lacks significant depth in the frontcourt. During the first week of practice, he’s shown ability to score against Tyler Roberson, and was able to get Trevor Cooney open with his strong on-ball screens. Before practice, he’s been working with assistant coach Adrian Autry on his jump shot. Lydon, along with DaJuan Coleman, Chinonso Obokoh, and Tyler Roberson make up the only scholarship players expected to see significant time in the frontcourt.Malachi Richardson: The 6-foot-6, 195-pound guard has been running with the Syracuse starters early in practice and has a shot to do the same when the Orange faces Lehigh to start the season on Nov. 13. The New Jersey native was a five-start commit and fits the Orange blueprint for lanky guards with the ability to shoot from the outside.Frank Howard: The 6-foot-4, 170-pound freshman point guard might have a tough time cracking the Orange rotation this season. With Michael Gbinije likely starting and Kaleb Joseph backing him at the position, Howard likely won’t be as prominent. The freshman has struggled on both ends of the court in practice, but has showed some potential on his long-range shooting ability.AdvertisementThis is placeholder text Commentslast_img read more

Extra Innings: Coliseum renovations don’t harm historicity

first_imgEvery change is undoubtedly going to be met with supporters and haters. However, it seems as if the ongoing changes to the Los Angeles Memorial Coliseum have overwhelmingly drawn criticism. I attended the media tour of the Coliseum renovations on Aug. 15 and was fortunate to see some of the changes USC Athletic Director Lynn Swann eagerly announced. A lot of what I saw and heard interested me — viewing terraces, new seats, better press area, new food options — all of these changes sounded pretty good. But when I wrote the article reporting on these changes, commenters on the Daily Trojan site were not shy about their disapproval. “Could be worse, although not sure how,” one commenter wrote. “What kind of institution REMOVES 10,000 of the BEST SEATS in the house — forever!”Growing up in a Michigan suburb, I never had the pleasure of regularly enjoying a historic stadium. Those in Detroit aren’t necessarily recognized as “must-see” stadiums. My relationship with the Coliseum only began last fall when I stepped inside for the first time to watch the USC vs. Western Michigan game last season. I didn’t grow up watching Reggie Bush, OJ Simpson, Matt Leinart or Troy Polamalu tear it up on the Coliseum turf. I didn’t watch “The Comeback.” I wasn’t alive for the two sets of Olympic Games it hosted. The Coliseum’s illustrious past was virtually invisible to me and perhaps that’s why the renovations don’t bother me that much.Nevertheless, I do recognize that the Los Angeles Memorial Coliseum is one of the most renowned stadiums in the world. Its name is on the same level as venues like the Rose Bowl, Wrigley Field and Madison Square Garden. After all, how many stadiums have hosted two Olympic Games and two Super Bowls? The answer is only one: the Coliseum. It is USC and the city of Los Angeles’ duty to preserve the history and integrity of this monumental venue. However, that doesn’t mean the stadium should stand stagnant. First and foremost, there was a lot of hardware that needed to be updated. Electrical, mechanical and plumbing systems all needed to be replaced, and thank God they have improved the Wi-Fi connectivity throughout the stadium. I don’t think any of those changes are being questioned. However, as mentioned by the commenter, the real point of contention is replacing all the seats. USC football games hardly ever sell out. It’s a hard issue to pick a side on. On one hand, you lose 10,000 prime seats. On the other, you gain a great concourse area with loge areas and suite-style seating. I stand with USC on this issue. It’s imperative that the Coliseum receives updates, and I think the soon-to-come concourse area and terraces will only enhance fan experience. The Coliseum didn’t lose the Olympic torch, the massive arches or the grand entrance. Those aspects of the venue are essential to its identity and should never be taken away. In the grand scheme of things, the changes to the Coliseum do not affect its historicity. The 10,000 seats lost have a minimal impact on the stadium. I’m willing to sacrifice a few thousand seats if it means improving the fan experience.However, I still can’t get over the name change. I understand that the naming rights were sold in order to fund the much needed renovations, but unlike a lot of unsponsored stadium names, the name “Los Angeles Memorial Coliseum” has significance. The stadium was first dedicated to the L.A. veterans of World War I, before it was rededicated to include all World War I veterans in 1968. Adding the United Airlines name taints the sanctity of this memorial act. I have no doubt that fans will still refer to the soon-to-be United Airlines Memorial Coliseum as “The Coliseum.” I won’t enjoy seeing the new name plastered on the Coliseum walls.All in all, I think fans will warm up to the changes. It will take some getting used to, but it’s a small price to pay for the advancements that will renew our beloved Coliseum while preserving its legacy. Sam Arslanian is a sophomore majoring in journalism. He is also the sports editor of the Daily Trojan. His column, “Extra Innings,” runs Fridays.last_img read more

Parents to the rescue

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORERose Parade grand marshal Rita Moreno talks New Year’s Day outfit and ‘West Side Story’ remake A soaring real estate market is forcing many first-time home buyers to ask mom and dad for help. But the challenge is setting up financial arrangements that help first-time home buyers without relying too heavily on their parents’ bank account. That begins with parents and their kids understanding each other’s objective, according to Mike Fitzhugh, a principal at Kochis Fitz, a wealth management company in San Francisco. For the parent, it’s determining whether or not they can afford to help. “If they’re helping and they can’t afford to, then they’re not doing anyone a favor,” said Fitzhugh, who consults with at least one parent a week about helping their kid buy a home. “We then ask the parent whether they really want a return on their investment. Overwhelmingly, it’s no.” In most cases, parents simply want to help because they can. They are also enabling their kids to establish an investment that will hopefully accrue in value the rest of their lives. Ryan Sanden was ready to move out of his parents’ home, but he didn’t want to pay rent – something he considered a waste of money. Still in his early 20s, Sanden hadn’t saved enough yet to make a down payment on the small condo he was eyeing in Long Beach. So like many people his age, he approached his parents. Sanden’s parents agreed to help. But they added one condition, which financial experts say some parents are now tacking on to down payment gifts: He would have to pay them back. “I’m lucky my parents were willing to help me out. Now I’ve got a mortgage instead of having to pay rent on an apartment,” said Sanden, now 23, a crane operator who ended up buying the Long Beach condo for about $200,000 two years ago. “We were in a position to help Ryan out, and that felt good. I feel bad for kids who have to face this market on their own,” said Greg Sanden, owner of Oversize Transfer & Trucking in Long Beach. While Sanden felt it was Ryan’s responsibility to pay him back, he did not charge his son interest. Fortunately, Ryan made a tidy profit on his condo, which he sold recently, and was able to repay his parents. But don’t assume the robust real estate market will endure and ensure lucrative returns in the future. Financial advisers say overestimating what a home could be worth in 10 years as opposed to focusing on its value today could be setting yourself up for disaster. “And helping your kid out shouldn’t mean putting your financial circumstances in the line of fire,” Fitzhugh said. That’s a possibility if a parent is a cosigner on a home and their child’s credit runs amok. “The parent’s credit could suffer so it’s imperative that the parent has some sobering reflection as to whether their kid is going to be at risk for their credit,” Fitzhugh said. Doug Perry, a senior vice president at Countrywide Home Loans in Calabasas, acknowledges that many of these decisions are based on a family’s financial situation. But there are instances when cosigning makes sense, especially if a child needs the leverage of their parent’s financial standing. The Federal Trade Commission recommends the following should a family opt to cosign: Ask a lender to calculate the amount of money you might owe. You may be able to negotiate the specific terms of your obligation. Ask the lender to agree, in writing, to notify you if your kids have missed a payment. Before you pledge property to secure the loan, such as your home, car or furniture, make sure you understand the consequences. If your children default, you could lose these items. If cosigning isn’t an option, Michael Long, a senior loan officer at First Financial Mortgage in Studio City, recommends that parents supply the down payment. He said that supplying a down payment eliminates any fear of potential credit woes in the future, and the child benefits from the responsibility of having a mortgage in their name. A down payment can be supplied in the form of a gift, but the recipient should be aware of tax consequences and consult an accountant for advice. Banks also have different guidelines for what they might require when transferring funds. That’s also true when securing a loan. Most banks usually ask for three to four different credit lines before they sign off on a loan. However, there’s always some wiggle room if a parent intends to make a significant down payment, Long said. Perry, at Countrywide Home Loans, is accustomed to helping parents secure loans for their children. While there are myriad options to consider, “parents should have a rough idea as to how they want to help,” said Perry, who also mentioned that parents occasionally loan the equity of their home to their children. Some parents also sell properties they own to their children. Ginger James, a real estate broker at Re/Max in Calabasas, said her son Cody purchased his fiance’s parents’ condo after he secured 100 percent financing, which allowed the in-laws to make a profit without gouging their new son. The question is where do parents and their kids go if there are no real estate prospects on the horizon. Yolanda Maldonado, real estate broker with Century 21 in Claremont, said the Internet is good place to start. “It helps with the shock a lot of parents go through when I first take them out,” said Maldonado, who also rattled off several other costs parents and children usually find shocking. The include: property taxes, homeowners insurance, additional liability coverage and homeowner or condo association dues. Ryan Sanden still recalls when these terms became a part of his daily vocabulary. Luckily for him, he recently paid his parents back by selling his condo for almost double the purchase price. He then bought a two-bedroom home for about $530,000, which closed escrow several weeks ago. Evan Pondel, (818) 713-3662 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Union Minister felicitates InnoTex 2018 winners

first_imgConfederation of Indian Textile Industry (CITI) in association with Northern India Textile Research Association (NITRA) as a Knowledge Partner, organised an innovation contest ‘InnoTex 2018’. Innovation applications were sought in the field of design, method, process, product and cost in ginning, spinning, weaving, knitting, processing, garmenting and technical textiles from all over India and abroad.CITI received an overwhelming response from the innovators as well as from the industry. A total of 10 innovations were shortlisted after two rounds of jury evaluation. The final round of the Innovation Contest was organised along with CITI Diamond Jubilee Celebrations – Global Textiles Conclave 2018 on November 28, at 10:00 am at hall no. 4, Vigyan Bhawan, New Delhi. Also Read – Add new books to your shelfInnovators made their final presentations before the eminent jury members comprising Shekhar Agarwal, Vice Chairman, RSWM Limited, Bharat Bhushan Modi, Vice President (Weaving), D’Décor Home Fabrics Pvt. Ltd., Neelabh Dalmia, Director, GHCL and Professor R S Rengasamy, Department of Textile Technology, IIT Delhi, the stalwarts of textile and apparel industry and top academia. Towards the end, three winners were selected. Sanjay K Jain, Chairman CITI delivered the keynote address and shared his thoughts on how the idea of organising an Innovation Contest came and in fact, it was the first time in the history of Indian textile and clothing Industry that such a contest was organised for innovations in the textile sector. Also Read – Over 2 hours screen time daily will make your kids impulsiveDr Arindam Basu, Director General, NITRA briefed the audience about the InnoTex 2018 contest and its journey of four months. Prashant Mohota, Chairman, CITI-YEG thanked the innovators for their excellent innovations and presentations. He also expressed his gratitude to the eminent jury members who really had a herculean task of judging and evaluating the innovators particularly when competition became very close and tough. He also acknowledged the support and help extended by Dr J V Rao, CEO, TSC, and his team. He showed heartfelt indebtedness to the sponsors D’Decor (Presenting Partner), Lenzing AG and Murata Machinery Limited (Supporting Partners) without whose support this contest would not have been possible. After the second round, all 10 shortlisted candidates were mentored by the industry experts. Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation presented trophies to the finalists of InnoTex 2018 at the Valedictory Session of CITI diamond jubilee celebrations. R Pothiraj received the first prize for his innovation on ‘32% Reduction in Energy Consumption in Running Airjet Looms’. Dhivagar got the second prize and Raj Kumar got the third prize for their innovations in ‘Zero Defect of Spandex Miss Plating in Knitted Fabric’ and ‘Computerised Vertical Embroidery Machine’, respectively. The Union Minister Suresh Prabhu also congratulated NITRA for its excellent work in InnoTex 2018 Contest as Knowledge Partner.last_img read more

Oculus Rift Heads to California Public Libraries

first_img Enroll Now for Free This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. 2 min read This story originally appeared on PCMag Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now Oculus Rift headsets and PCs powerful enough to run them are coming to 90 public libraries around California as part of a project to support equitable access to emerging technology.Oculus, Facebook’s virtual reality division, is spearheading the effort. It’s not considering the Rifts and computers as a donation, but rather a pilot project to bring VR to a wider audience. If people — especially children — don a Rift headseton their next trip to the library and come away wowed by the experience, the thinking goes, it will help broaden VR’s appeal beyond its traditional purview of hardcore video gamers. “We hope early access will cause many people to feel excited and empowered to move beyond just experiencing VR and open their minds to the possibility of one day joining the industry,” Oculus Education Program Manager Cindy Ball said in a statement.Those hoping to play games might be disappointed, since the goal of the program is primarily educational. Oculus didn’t say exactly what apps would be available, and while they might vary from library to library, you can expect experiences like virtual explorations of Mars or trips to far-flung art museums.The VR headsets will take up residence in 90 libraries distributed evenly throughout California, from a tiny library in an Indian reservation abutting the Oregon border to the central branch of the Los Angeles public library system.Other VR education efforts include Google Expeditions, which offers hardware kits for sale from Best Buy to outfit entire school classrooms with mobile phone-powered VR headsets. Recent Google Expeditions content has included virtual visits to Buckingham Palace and Alexander Hamilton-themed walking tours of New York City. June 8, 2017last_img read more

Tropical paradise Hawaii sees a foot of snow

first_imgTropical paradise Hawaii sees a foot of snow Share Source: The Associated Press Tags: Hawaii MAUNA KEA — More snow is expected to fall on Hawaii mountaintops as a winter storm warning goes into effect through Monday morning.Yes, it snows in Hawaii, Matthew Foster, a meteorologist with the National Weather Service in Honolulu, said he had to explain to some surprised out-of-state callers Friday.“Typically when we get these snow events, it does get a lot of attention,” he said, adding that he explains to curious callers that the snow is falling in a small, remote area where there are mainly telescopes and scientists. “We do have very high mountains here.”Once they realize the heights of the mountains, snow in the island state makes a little more sense, said Ryan Lyman, forecast meteorologist with the Mauna Kea Weather Center. Mauna Kea is nearly 14,000 feet above sea level.Hawaii News Now reports up to a foot more of snow could fall by Monday. A previous warning was lifted Saturday for a storm system that also brought frozen precipitation to higher elevations and heavy rain elsewhere.More news:  Flight Centre Travel Group takes full ownership of Quebec-based agencyThe summits of Mauna Loa and Mauna Kea on Hawaii’s Big Island are closed amid icy, windy, hazardous conditions.The National Park Service says people can see the deepening layer of snow at 10,000 feet.Hawaii also is under a flash flood watch into Sunday afternoon. Monday, December 5, 2016 << Previous PostNext Post >>last_img read more