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A decade ago, custom-built ecommerce platforms were the gold standard for delivering innovative, robust buyer experiences. Other retailers differentiated themselves
Essential data to guide decisions, monitor progress, and evaluate impact. See More Data world-bank:category/digital 92.76 million people had enhanced access
Municipal officials say Olds taxpayers deserve a comparable level of support that other communities have received for internet connectivity
OLDS — The provincial government should forgive the expected $3 million or so in debt the Town of Olds will have after the sale of O-NET to Telus Communications because of its unique, ground-breaking history, says the municipality’s chief administrative officer, Brent Williams.
He says that’s the argument town officials are making to Alberta Treasury Board and Finance.
Olds Fibre Ltd. (OFL), operating as O-NET, was sold to Telus effective Nov. 6. The price was not disclosed, but Williams says all will be disclosed next spring.
O-NET, created about 11 years ago, was Canada’s first…
A decade ago, custom-built ecommerce platforms were the gold standard for delivering innovative, robust buyer experiences. Other retailers differentiated themselves with heavily customized storefronts built on managed platforms. However, these solutions were inherently limited, forcing businesses to rely on workarounds and complex integrations to stay competitive and drive growth.
Today many of these custom, legacy ecommerce solutions are still around—and teeming with technical debt. This debt, created by shortcuts, quick fixes, and suboptimal technology choices, can show up as outdated code, poor customer experiences, slow time to market, and a lack of modern features.
The impact of this technical debt to a business can be massive. A…
“The federal government likes to say that it is on the side of small business, yet all we see is more and more businesses go to the wall,” Hunter said.
“To keep good businesses thriving, the NSW government needs to take a serious look at lowering payroll tax levels, bed down proper reform of the Emergency Services Levy to reduce the pressure on insurance premiums and establish a new energy advice and support program targeting the SME sector. Federally, we need both a rethink of the recent industrial relations changes and a permanent increase to the size and scope of the instant asset write-off.”
NSW has the highest rate of business insolvencies in Australia. In 2023-24 NSW had 42% of…
Creditors successful in direct claims for compensation against directors
In 2023 the Supreme Court confirmed in the Mainzeal decision that section 301 of the Companies Act could be used for direct claims by creditors against directors for losses suffered as a result of breach of director duties.
This was recently used by a creditor in Boaden v Mahoney [2024] NZHC 2783. The High Court ordered the director of Civil Underground Limited (in liquidation) to pay compensation of $89,400 to the creditor under section 301 for direct losses suffered as a result of the director’s breach of the reckless trading duty (section 135) and the duty in relation to incurring obligations (section 136).
Having spent 35 years in the automotive industry, it is my experience dealer principals are generally concerned about “being in debt,” though debt, when managed properly, can be a powerful tool for dealership principals to enhance liquidity and profitability. Leveraging debt allows dealerships to access capital needed for growth, manage cash flow effectively, and take advantage of investment opportunities without diluting ownership.
Let’s look at which types of dealership assets are relevant and how to effectively leverage them:
Inventory
Inventory is one of the most significant assets for automotive dealerships. It includes both new and used vehicles held for sale. Leveraging inventory often involves utilizing…
The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked student loan borrowers while pretending to be affiliated with the Department of Education.
In response to the FTC’s complaint against Nevada-based Superior Servicing and its operator Dennise Merdjanian, the U.S. District Court for the District of Nevada entered a temporary restraining order on Nov. 22 and a preliminary injunction against Superior Servicing on Friday (Dec. 6), the FTC said in a Monday press release.
The FTC charged that the defendants violated the Impersonation Rule, the FTC Act’s prohibition on deceptive marketing, the Telemarketing Sales…
Before the Covid-19 pandemic swept across the globe, Côte d’Ivoire stood out as one of Africa’s fastest-growing economies. From 2012 to 2019, the nation boasted an annual growth rate of 8%, fueled by sound economic policies and a period of relative political stability. The benefits were tangible: poverty rates fell from 44% to 39.5%, and the country made strides in education and health, increasing its Human Capital Index (HCI) score from 0.30 to 0.38 over the past decade.
However, these national achievements often contrast sharply with the realities in rural areas. Take Assoum 2, a small village nestled in the far northeastern corner of the country, near the border with Burkina Faso. For years, children attended classes in…
The Federal Trade Commission helped end a $10 million student loan debt relief scheme by Nevada-based company Superior Servicing.
A federal court recently placed Superior Servicing under a temporary restraining order and froze its assets after an FTC lawsuit in 2023.
The company had allegedly made false claims that they were affiliated with the U.S. Department of Education and could offer customers loan consolidation, reduced interest rates, reduced monthly payments, or loan forgiveness.
Operators collected up to $899 as initial payments from borrowers, in addition to monthly payments, the FTC said.
The Federal Trade Commission (FTC) helped end a $10 million student loan debt relief scheme that allegedly collected illegal…
FC Barcelona have been declared ‘technically bankrupt’.
UEFA via Getty Images
FC Barcelona have been declared ‘technically bankrupt’ by a leading Catalan journalist.
The Blaugrana are mired in debts repeatedly reported as exceeding €1 billion ($1.075 billion), and had to pull various ‘economic levers’ last summer revolving around the sale of future television rights revenue and stakes of their Barca Studios media production company so that they could make new signings.
Players that Barca brought in ahead of 2022/2023, such as Robert Lewandowski, helped the Blaugrana lift their first La Liga title in four years and a maiden Spanish top flight crown under head coach Xavi Hernandez.
A year later, however, Barca are again struggling…
