Why startups are struggling

New Jersey residents are caught in a concealed carry application backlog following a landmark Supreme Court case in June that struck down many gun laws across the country. Nine months after the ruling, “thousands” of residents are still waiting for approval. “There’s all kinds of delays, and it’s a problem that exists sprinkled throughout the state,” Scott Bach, executive director of the New Jersey Pistol and Rifle Association, told the New Jersey Monitor. Thousands of residents are struggling to obtain concealed carry permits in New Jersey following a landmark Supreme Court case in June that struck down many gun laws across the country, according to The New Jersey Monitor. As many as 200,000 people were expected to apply for a concealed carry permit in New Jersey following the ruling , which struck down the “special need” requirement for applicants, but nine months later, “thousands” of residents are still waiting while the New Jersey State Police (NJSP) “ignores” … [Read more...] about ‘Egregious Delays’: New Jersey Gun Owners Struggle To Get Concealed Carry Permits After Landmark SCOTUS Case

Share to Twitter Share to Linkedin One of the world’s most successful drone delivery companies will be expanding to mainland Europe and the United States in 2023. Manna Aero has already done over 100,000 drone deliveries in multiple locations in Ireland, and is trending to hit over 1,000 deliveries per day in individual dense urban markets. But it won’t be instantly available everywhere. And Manna is not releasing its first target market in the U.S. “Nobody is to go full throttle up scaling,” says CEO Bobby Healy on a recent TechFirst podcast. “We're more interested in demonstrating we can operate in multiple markets, and that we can do, say, a thousand deliveries a day in a very dense area. And so that's what we'll be doing by this summer ... in Dublin.” Google sister company Wing is probably leading drone delivery in the U.S., right now, running deliveries in the Dallas-Fort Worth area in addition to other locations in the U.S. and globally. … [Read more...] about Irish Drone Delivery Startup Expanding To U.S. And Mainland Europe

MANILA  – The benchmark Philippine Stock Exchange index (PSEi) tilted lower on Monday as banking woes in the United States and Europe depressed sentiments. By the closing bell, the PSEi slipped 0.29 percent, or 18.70 points, to 6,451.02 while the broader All Shares index was lower by 0.22 percent, or 7.61 points, to 3,456.66. This comes amid a slew of overseas developments following the announcement that beleaguered Swiss megabank Credit Suisse will be sold to UBS. In the United States, midsize lenders asked federal regulators to insure all deposits to avoid a more widespread banking crisis, Bloomberg reported. Relief over Credit Suisse rescue short-lived as bank shares plummet PSE financial stocks were down 1.65 percent mainly as BDO Unibank Inc. declined. Services, holding firms and industrial stocks were also down while property and mining and oil gained. A total of 714.8 million shares valued at P5.63 billion changed hands on Monday while foreigners bought a … [Read more...] about PSEi struggles despite rescue of Credit Suisse

Share to Twitter Share to Linkedin In this Forbes column from December 2022, I talked briefly about my pursuit of a lifelong dream to become a private pilot and how, over the past year, I’ve been writing a book about the experience. I was recently reviewing the first draft of the book manuscript while, in the back of my mind, considering ideas for a column centered on entrepreneurship. My writing worlds collided while I was reading through a part of my new book that addresses whether you must be some sort of genius to fly. In that earlier column, I noted that while you don’t have to be a member of the Mensa Society to command an aircraft, you do need a combination of unique traits to get through the rigors of flight training. While reading the list of traits I detailed almost a year ago, I realized several are relevant to succeeding as an entrepreneur. This may not be too surprising. Starting a company and flying a small plane have elements of risk … [Read more...] about Want To Be An Entrepreneur? Think Like A Pilot

Share to Twitter Share to Linkedin Center-stage startups may soon become gamechangers; meanwhile their journey could already contain a valuable lesson for us all Innovation Spotlight The journey of each start up is unique, yet the challenges they encounter are not. The ways they choose to overcome obstacles on their path, the creativity it takes to maneuver and prevail along the way and their ultimate recipes for success can all fill chapters in a potential guidebook for new starts up. Each company has something to contribute to this vast shared pool of collective knowledge. Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) is an innovator in automotive vision systems; it develops smart multi-spectral vision software solutions and cellular-based applications. Startup’s founder and CEO, Haim Siboni, explains: “Our vision solutions vary. They include modules of automatic calibration and a dense three-dimensional (3D) point cloud that can be … [Read more...] about The Trailblazers: Introducing Foresight

Share to Twitter Share to Linkedin Dror Etzion , an associate professor of Strategy and Organization at McGill, has contributed to this story. There’s perhaps no greater buzzkill than climate change. If your friends have outstayed their welcome at your house, and you want them to leave, just mention weird weather, carbon pricing, or the ecological impact of flying and everyone will start heading for the exits. Believe me, I’ve been there. But there’s also the underlying anxiety about climate change that cannot be shaken. Avoiding the issue only leads to further anxiety, particularly for younger generations, who will have to face the consequences of inaction. As with any anxiety, the key to addressing climate anxiety is to stop dwelling and start doing. This is true not only in our personal lives, but also in business—particularly small and medium-sized—where founders and leaders can act as change-makers and drive impactful action. The … [Read more...] about McGill’s PIVOT Project Strives To Turn Climate Anxiety Into Action For SMEs

Share to Twitter Share to Linkedin There were no new bank failures over the weekend. But the global banking system is not in the pink of health. There are two reasons for continued concern: A March 13 study by four economists reveals that 186 banks are at risk of “impairment” of $300 billion worth of insured deposits A March 19 New York Times report reveals that the Federal Reserve began warning Silicon Valley Bank (SVB) of financial risks in 2021 — over a year before it cratered — yet SVB management did nothing. What’s more Moody’s warned SVB’s management of an imminent downgrade about a month before it announced its emergency capital raise. Shares of First Republic Bank FRC are trading well below where they were after it received $30 billion in deposits from other banks on March 16. It seems only a matter of time before more rot in the banking system comes to light. (I have no financial interest in the securities mentioned in this … [Read more...] about Why 186 Other Banks Could Go The Way Of Silicon Valley Bank

Republican Texas Sen. Ted Cruz introduced three pieces of legislation Monday that would accelerate oil and gas permitting in the U.S. to make energy secure in the country. The Daily Caller first obtained the three bills, the first of which is titled the Energy Freedom Act. The legislation would accelerate federal permitting for energy projects and pipelines; mandate new onshore and offshore oil and gas lease sales; approve pending liquified natural gas (LNG) export licenses; and speed up solar, wind and geothermal development. The second bill, titled the Federal Permitting Modernization Act (FAST Act), would require federal agencies to reform and prioritize federal approvals by requiring timelines: five days for federal agencies to notify the public of the project by publishing details in the Federal Register; 30 days to publish those environmental documents for review; 60 days for the public to comment on those documents and 30 days for the public to approve or disapprove the … [Read more...] about EXCLUSIVE: Ted Cruz Introduces Three Bills To Accelerate Oil And Gas Permitting

Share to Twitter Share to Linkedin Art exists everywhere, not just in museums. Grace Banks has delved into the best places in the world to experience art off the beaten track in the book Art Escapes (Gestalten), highlighting some of the best works by artists including Niki de Saint Phalle, Sol LeWitt and Mark Rothko, in forests, streets and even churches. As we begin to plan our summer vacations, we’re highlighting some of the locations in Art Escapes that deserve a place on your summer itinerary. First, Jean Cocteau’s tiny chapel on the Côte d'Azur — a little known art gem where dozens of his paintings cover the walls. In 1957 the French banker Louis Martinon asked artist and poet Jean Cocteau to lend his illustrious drawing style to a church he wanted to build in the small village Fréjus in the Côte d'Azur. Fresh from finishing his pastel murals of biblical characters in the chapel of Villefranche-sur-Mer in nearby Nice, Cocteau was happy to … [Read more...] about Discover A Secret Jean Cocteau Artwork On The Côte D’Azur in France

Share to Twitter Share to Linkedin “Whenever I speak to a group of CEOs to share my learnings from the cyberattack, I start by saying, ‘put down your phones for 15 minutes, you’ll want to listen carefully to what I have to tell you’. ” CEO of a $4 billion U.S. company. Leaders who have endured a cyberattack feel strongly about helping others avoid some of the mistakes they have made. Drawing on in-depth interviews with 37 global CEOs, ISTARI, a Temasek-founded global cybersecurity firm dedicated to helping clients build cyber resilience, and Saïd Business School at the University of Oxford today revealed the findings of their joint CEO Report on Cyber Resilience . More than any previous study, the report applies a top-management lens to cybersecurity risks and underscores the critical role CEOs play in building cyber resilience. It shares insights from thirty-seven, one-hour-long face-to-face interviews with U.S., Asian and European CEOs whose … [Read more...] about The Essential Playbook On CEOs And Cyber Resilience