Author: i2wtc

Theranos is a classic example of venture capital funding gone wrong. The company, which claimed to have developed a groundbreaking blood-testing technology, raised about $724 million from investors. It was valued at $9 billion before it collapsed due to its fatal flaw: its product didn’t work. It was all hype, no real value. Even when venture-backed founders aren’t cheating, they tend to prioritize fundraising and scaling at the expense of the product. I founded a company called Jotform over 18 years ago. Growth was slow at times due to lack of external funding, but today we have over 25 million…

Heavy rains caused record floods and landslides in China’s southern province of Guangdong, killing at least 47 people, state media reported on Friday, while authorities warned of more extreme weather events in other parts of the country.State-run CCTV reported on Friday afternoon that 38 more deaths had been confirmed in a county under the jurisdiction of Meizhou city, adding to the nine deaths previously reported elsewhere in the city.Heavy rains caused landslides, floods and mudslides, causing extensive damage in eight townships in Pingyuan county, where the latest deaths were reported, CCTV reported. The heaviest day was Sunday, with an average…

British journalist Robert Winnett, who was set to become editor-in-chief of The Washington Post later this year, will not take the job and will remain at London’s Daily Telegraph, according to a memo obtained by The Washington Post on Friday.The decision came after days of turmoil at the paper, sparked by the sudden departure of editor-in-chief Sally Busby and questions about the past practices of Winnett and the Post chief executive who hired him. Both are veterans of a London newsroom that operates by different rules than its American peers.Winnett, a deputy editor at Telegraph Media Group in London, did…

Port of Oakland (Photo: NOAA) America’s maritime economy continues to power the United States in 2022, as reflected in sales and job growth. This is according to the latest statistics from the annual Marine Economic Satellite Account (MESA) released by the National Oceanic and Atmospheric Administration (NOAA) and the Bureau of Economic Analysis (BEA), two agencies within the U.S. Department of Commerce. The ocean economy is expected to have a total economic output of US$476 billion in 2022, accounting for approximately 2% of the country’s gross domestic product (GDP), and generate US$777 billion in sales. The largest contributors to GDP…

VALDOSTA – A Valdosta native was recently recognized for being named to Georgia Tech’s Outstanding Student Recognition List. release: The following students have been named to Georgia Tech’s President’s Award List for the spring semester of 2024. The title is awarded to undergraduate students who earn a grade point average of 3.0 or higher during the semester. Daniel Chae of Valdosta (31602) George Crawford (Valdosta) (31602) Dennis Austin (31602) of Valdosta Isabel Kassam (31602) of Valdosta Nathan Faircloth (31605) of Valdosta Read about other outstanding scholars in Gold Letters: Spotlight on Student Achievements: bit.lY./Gold-Letters-News. of Georgia Institute of Technologyor Georgia…

World Bank approves $535 million for social protection, livestock development in Pakistan KARACHI: The World Bank’s Executive Board has approved $535 million for two projects in Pakistan, it said in a statement on Friday, adding that the funding will strengthen social protection systems for poor households across the country and develop climate-smart and competitive producers in Sindh province’s livestock and aquaculture sector. The bank’s loan is part of the Crisis Resilient Social Protection (CRISP) Programme and Sindh Livestock and Aquaculture Sector Transformation (LIVAQUA) Programme. The former project has a broader reach as it aims to increase the resilience of vulnerable…

Industry veteran Daniel P. Olohan has been promoted to Chief Operating Officer (COO) of MAPFRE USA, effective August 1, 2024. Olohan has been with the company since 2006 and has served as its general counsel and secretary since 2008. In addition to his new role, Olohan will also join MAPFRE USA’s Board of Directors. “Dan brings strong leadership to this role and a deep understanding of MAPFRE USA’s business and industry. With many years of overseeing our legal and regulatory affairs, he is uniquely qualified and positioned to advance our operational strategy and ensure continued efficiency and excellence across the…

CNN — Two years after the overturning of Roe v. Wade, Republicans are still wrestling with the political downsides of leaving abortion policy up to the states. Nationwide, the question of when or whether patients should be able to get abortions is far from settled. The 2022 Dobbs decision has opened a new battlefront for abortion opponents, forcing Republicans to respond to a wave of new developments and raising Democratic electoral hopes. Republican lawmakers in heavily Republican states are still pushing for abortion restrictions, testing new strategies that could shape next year’s legislative season. Moments seen as victories for abortion…

Election Commission of India (Photo: IANS) The Election Commission of India (ECI) on Friday announced that it has begun the process of conducting state assembly elections in the states of Haryana, Maharashtra, Jharkhand and Jammu and Kashmir. “Following the successful completion of the 18th general elections to the Lok Sabha, the Election Commission of India has updated the electoral rolls in the states of Haryana, Maharashtra and Jharkhand with July 1 as the eligibility date and begun preparations for the upcoming state assembly elections,” the Election Commission said in a statement. The terms of the current legislatures in…

The 13-count criminal indictment against George Norcross, the well-connected powerful man who controlled political puppets throughout southern New Jersey, is more than just a matter of law.This is a very common lifestyle in New Jersey.Norcross, like so many executives before him and, sadly, likely many more to come, created a world where politics and business intermingled: He now stands accused of using his political connections to enrich his own businesses, which in turn reportedly bolstered his political standing.Given that background, is it any surprise that Norcross, 68, of Palm Beach, Florida, was a member of Donald Trump’s Mar-a-Lago club, where…