Employment rate is a better indicator The Fraser Institute

first_imgAn economic think tank says it’s time to update how employment is measured in Canada. The Fraser Institute believes the unemployment rate doesn’t truly reflect how the economy is producing jobs. It states that too many people are leaving the workforce due to retirement, or to go back to school, and such changes are throwing off the jobless numbers.The think tank suggests the employment rate is a better way to evaluate how the economy is producing jobs as it measures the over all percentage of people working, not just those actively participating in the workforce.last_img read more

Setien Real Madrid didnt deserve to beat Real Betis

first_imgReal Betis manager Quique Setien believes his side “undeservedly” lost 2-1 at home to Real Madrid on SundayLos Verdiblancos held 74% of the ball possession compared to Real’s 26% and saw their efforts in the first-half rewarded when Sergio Canales cancelled out Luka Modric’s early opener after VAR intervention prevented it being ruled offside.Despite Betis keeping up the pressure on the European champions, they were unable to find a second with former player Dani Ceballos coming on to score the match-winner for Real with a free-kick.Nevertheless, Setien was satisfied with the performance of his Betis team even if he feels the result was unfair.“We did well in the game,” said Setien, according to Marca.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“We started brightly, although we made some major mistakes which left to situations which caused the goals.“In the second half, we controlled things and were dominant aside from a few specific moments.“We lacked a little bit of precision in the final third to maybe get something more, but we deserved a draw.“We did a lot of things well, but then we lost the match undeservedly.”Betis will next take a trip to the Anoeta Stadium on Thursday for the second leg of their last-16 Copa del Rey tie against Real Sociedad.last_img read more

OFB generates solar power reduces power intake cost

first_imgKolkata: The Ordnance Factory Board (OFB) has significantly reduced cost of electricity consumption by generating solar power in its various units across the country, an official said here Friday. The OFB is working towards achieving the goal of meeting 45 per cent of its total energy requirements through the solar power route, the official said. The use of solar power has significantly reduced OFB’s cost of electricity consumption from Rs 463.22 lakh during 2015-16 to Rs 163.78 lakh during 2018-19, he said. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata”As part of the ongoing efforts to promote ecologically sustainable growth to generate carbon-free clean energy and to reduce expenditure on electricity, the OFB is participating in the National Solar Mission to increase its solar power use to 45 per cent of total consumption,” he said. The installation of grid-connected solar power projects in various OFB units have resulted in generation of approximately 1,47,12,072.14 units of electrical power till November 2018, he said.last_img read more

Selling Your Inventory Online

first_img How Success Happens 5 min read Hear from Polar Explorers, ultra marathoners, authors, artists and a range of other unique personalities to better understand the traits that make excellence possible. March 24, 2006 Retail may not be dead, but it is finding new life online.Retail overstock, damaged items and customer returns have longfound buyers on eBay. Now, many retailers are turning to the onlinemarketplace to expand their core business or to become multichannelsellers, without the cost of leasing more real estate.The move from a local retail store to a global online marketwill likely require a shift in sourcing to match demand frommillions of potential new customers. Some retailers simply buy morefrom existing suppliers, especially if bigger orders result in abetter price. But this strategy overlooks the potential of eBay tohelp sellers experiment and diversify, creating a more stablebusiness with a broader customer base.To tap that potential, businesses will need to find newwholesalers, distributors and manufacturers. It’s a processthat can require days of internet searches, but trade shows, onlinewholesale portals and merchandise marts make your job a littleeasier by pulling together names and contact information in onecentral location.Unlike many eBay newcomers, retailers have the advantage ofproven sales performance to help win over vendors wary aboutselling to internet businesses. eBay’s wholesale listingsovercome the problem altogether by linking retailers with sellersalready comfortable with the eBay process.Many businesses turn directly to overseas manufacturers, usuallythrough facilitators or agents with experience in foreign markets.Online agents such as ImportExportHelp.com provide web-based forumsthat list manufacturers looking for buyers.Specialized magazines on sourcing and overseas sourcing fairsare other ways to find manufacturers. You can also look for tradeleads by visiting http://globaledge.msu.edu, a site created by theMichigan State University Center for International BusinessEducation and Research that provides information on 197 countries,a directory of exporting companies from around the world and freeonline training for first-time importers.Jay A. Mednikow (eBay User ID: mednikow), president of J.H.Mednikow & Co. Inc., in Memphis, Tennessee, didn’t chooseany of these options. Instead, he maximized his jewelrybusiness’s unique advantage: customer trade-ins.Trade-ins make up the bulk of Mednikow’s $35,000 monthlyeBay sales, supplemented with consignment items and closeoutmerchandise. The popularity of this refurbished jewelry was sosuccessful, Mednikow, 41, began to use local newspaper advertisingto bring in more trade-in customers. Not only has this line ofbusiness helped build up the company’s eBay volume, but it alsoworks symbiotically when trade-in customers use the cash forsomething new from the Memphis store.Closeouts offer another special advantage, Mednikow says,because after more than five years selling on eBay, he knows how tospot the items that will be most in demand and go for the highestprices. Sources for closeouts and consignments often come fromtrade shows where Mednikow chats with vendors and talks about hissuccess on eBay. “It’s a matter of stepping up thosecasual conversations and making them a little moreaggressive,” he says. “We ask if they have anythingsitting in their vault that they would love to turn intocash.”This enterprising entrepreneur also makes use of the extragemstones he buys when designing new pieces. Mednikow fits thestones, which don’t have much market value on their own, intosimple silver or gold mounts, and those go on eBay, too.”There are endless ways to source product when building abusiness on eBay,” Mednikow says. “It’s an amazingbusiness model.”Work With What You HaveSome retailers are content to stick with what already sells intheir physical stores, using eBay as a sales channel formerchandise that misses the mark with local customers. That’show eBay works for Debbi McGill (eBay User ID:chulavistamojosounds), co-founder of Mojo Sounds, a new and usedCD, DVD and video store in Chula Vista, California. McGill, 39,stocks her music collection with an eclectic mix of bands thatdon’t always appeal to the store’s regular customers. After30 days without a buyer, unbought CDs go on eBay, where they canreach fans from all over the world. “We have bands you’venever heard of that will sell on the internet,” McGill says.The store now has sales between $3,000 to $4,000 a month on eBay,an achievement McGill attributes in part to sales managementsoftware Monsoon Gold.Alan Iba (eBay User ID: iisports), president of I&I SportsSupply Co. Inc. in Carson, California, is another retailer who getsthe most value from selling items related to his core business ofmartial arts, airsoft and paintball supplies-but not the same oneshe puts on the shelf. Local buyers want the latest and greatest,says Iba, 49, while eBay customers mostly look for items theycan’t find anywhere else, including discontinued paintball gunsor collectible martial arts equipment.Supplying these items is a shift for Iba, who originally usedeBay to unload the occasional customer return or damaged goods. In2004, his Certified Provider, Marketworks Inc. in Atlanta,convinced him to launch a full-fledged online business. To supplythe new operation, Iba had to broaden his base of suppliers. Amongthem are nontraditional sources such as martial arts instructorswho have extra tapes from seminars and want to reach followers inother cities. “Small suppliers were always offering product tous,” Iba says, but the company would usually decline. “Wecouldn’t pay top dollar for something that might sit on theshelf,” he explains. But now, Iba says he can offer betterprices that make the deal a win-win for both, because products movefaster online.A variety of strategies help make eBay work for growing retailbusinesses, especially those that know how to maximize the value ofany kind of unsold merchandise. “Someone once told me,”says Mednikow, “that the most successful retailers are thosewho have the best endgame for leftover merchandise.”Julie Monahan is a writer in Seattle whosearticles on small business and emerging technology have appeared innumerous consumer and trade magazines. Opinions expressed by Entrepreneur contributors are their own. Listen Nowlast_img read more