There is confusion and noise in the country over the challenging state of the economy particularly as the Liberian dollar continues to depreciate against the United States dollar. Amid this confusion and noise, fingers are being pointed at the Ministry of Finance and the Central Bank of Liberia (CBL) for doing little or nothing to arrest the situation on the foreign exchange market. The rate currently stands at L$88.5 to US$1. Critics of the Ministry of Finance accused it of failing to finance critical government projects and failing to provide fiscal backing for the monetary side of the economy. The CBL is charged of pursuing bad monetary policy by allegedly infusing more money into the economy. The two institutions have denied these allegations and chided their accusers to provide evidence. As the economy undergoes this hysterical period, the government has repeatedly said that it does not have control over the exchange rate. Many people describe the government’s pronouncement as a blatant demonstration of a lack of commitment or will to ensuring macroeconomic stability.But economic and financial experts believe that stability in the money market requires a greater responsibility from the private sector than just the government alone. They argued that as a free enterprise or market economy, the government does not produce or sell. Others are, however, of the view that the private sector needs stronger and committed government protection in order to take its place in the economy; a situation, they say, remains a promise from the government. Comparatively, it is the private sector that is creating more demand for the US dollar than the government. In the face of this debate, a financial expert has anonymously warned that unless the economy can shift towards manufacturing to raise the needed foreign exchange to pay for its balance of payments (BoP), the foreign exchange market will get worse.The unfolding situation points to the fact that an attempt by the government to set the rate, as some people would want, would lead to the creation of a ‘black market’ by unscrupulous individuals.What a mess! Though the CBL makes a weekly US$1.5 million auction and deals directly with registered businesses and Forex bureaus, the Bank does not have enough US dollars to meet the demand of the market, which needs over a billion dollars per quarter to import. The Bank’s foreign reserves position is estimated at about US$250 million, while the government of Liberia’s fiscal budget is to the tune of about US$580million.The most professional way the Bank is handling this situation is to allow the market forces of supply and demand to dictate the exchange rate to a larger extent.In microeconomics, supply and demand is an economic model of price determination in a market.It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers (at current price) will equal the quantity supplied by producers (at current price), resulting in an economic equilibrium for price and quantity.Therefore, the four basic laws of supply and demand must be looked at. These laws state: if demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price; if demand decreases (demand curve shifts to the left) supply remains unchanged, a surplus occurs, leading to a lower equilibrium price; if demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price, and if demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.For our discussion on the money market in Liberia, we take the first law knowing that the demand for the US dollars has increased with supply remaining mainly unchanged. The shortage in the supply and availability of the US dollars in the market has led to a higher equilibrium price for the US dollars. Our Business Desk attempts to discuss some of the factors responsible for the increased demand for US dollars.Trade Deficit as a factor Responsible for Huge US dollar DemandLiberia is an import-dependent economy. Meaning, the economy imports more goods than its exports. According to CBL’s 2013 third quarter report, total import payments rose by 19.7% to US$300.5 million; while rubber and iron ore exports recorded a combined 81.1% of total export receipts from 78.1%; representing about 20.6% decline.Their combined export receipts recorded was US$99.5 million at end-September, 2013 from US$125.4 million at end-June 2013. The CBL reported that the key driver of the country’s trade deficit was its huge import receipts, which is further exacerbated by its sole reliance on rubber and iron ore as its key export commodities.The Bank acknowledged the decline as a troubling sign for the economy and immediately published a recommendation for the government to pursue a swift policy action aimed at widening the country’s export base towards non-traditional exports in order to reverse its sole dependence on iron ore and rubber.It also traced the problem to the volatility of global prices of iron ore and rubber, which exposes the country to susceptible external shocks. Rubber and iron ore are Liberia’s chief export commodities.Liberia’s Deteriorating Balance of PaymentsIt has been observed that the Liberian economy is not strong enough to generate needed foreign exchange earnings to settle its balance of payments (BoP). The BoP is a statement that summarizes an economy’s transactions with the rest of the world for a specified time period. Also known as balance of international payments, BoP encompasses all transactions between a country’s residents and its nonresidents involving goods, services and income; financial claims on and liabilities to the rest of the world; and transfers.Last year, the CBL has released a provisional statistics of Liberia’s overall BoP highlighting a deficit of about US$216.5 million.The statistics, which was curled from the Bank’s third quarter Economic &Financial Bulletin, published the US$216.5 million from a revised surplus of US$38.0 at the end of the previous quarter.According to the Bank, the overall BoP deteriorated on an annualized basis by US$338.0 million at the end of September, 2013 from a surplus of US$121.5 million at the end of September, 2012.Tax Requirement in US Dollar by GOLAnother key factor is tax requirement in US dollars by the Government of Liberia. The GOL’s policy of collecting a very large segment of tax revenue in US dollar from the private sector also creates demand for the US dollar because businesses and other taxpayers required to pay their taxes in US dollar have to find the US dollar to pay their taxes. It must be registered, however, that the situation in the foreign exchange market, which is creating hardship for vast majority of the Liberian people, cannot be blamed on the government alone.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
Former Amerindian Affairs Minister under the People’s Progressive Party/Civic (PPP/C) Administration, Pauline Sukhai, has called on the Government to do all that is within its power to facilitate the survival of the mining industry, especially for small operators. When she addressed the National Assembly during the 2019 Budget debates last week, the PPP/C Member of Parliament (MP) imparted that policymakers ensure that small miners have improved access to roadways linked to their mining lands.“Small miners in Bartica and Mahdia are facing a very difficult time because when they are awarded lands, they have not been assisted with investments to open roads. Investments in roads for small miners needs to be addressed and because I work in Region Eight (Potaro-Siparuni), I will ask the Minister to look into the case of those small miners who are located in the Black Water location where they cannot access the areas that were assigned to them; this is real Mr Speaker,” the MP stressed.Finance Minister Winston Jordan’s Budget presentation highlighted that Guyana’s mining and forestry sectors do not exist in isolation but according to Sukhai, an assessment of the proposals shows “little or no incentive” for addressing the mining sector, whether for large or small-scale miners. She opined that the plight of the small miners was being ignored by those in authority even though these small operators are Guyana’s “home grown investors.”“What the APNU/AFC (A Partnership for National Unity/Alliance For Change) Government first sought to do is apply increased taxes; in the next year, they… sought to remove some of the taxes but what they did not do is to remove is to remove the VAT (Value Added Tax) on mining equipment and goods that are used in the mining sector which has affected many small miners and today they are slowly being eroded out of a stable livelihood,” the Opposition representative told the House last week.What she harped on was that many pockets of small miners, include women, have their livelihoods “being eroded everyday by the high cost of fuel, good and services by high costs of spares for their mining equipment.” She said that those managing the sector should continue to find solutions to these matters and she called for more investments in training staff at the Guyana Geology and Mines Commission (GGMC) which serves as the regulator for the sector.“I notice that the allocation has been allocated for them (GGMC) to advance their objectives – this laudable this is necessary, but I have great difficulty agreeing with the current approach that exists and I think that some of the investments should go towards empowering, educating and ensuring that the regulators and monitors understand the complexity of the sector,” she stressed.Mahdia minersSpeaking on the plight of miners in Mahdia, which lies in Region Eight, Sukhai said these operators want both the Government and the GGMC to see it as a body that wants to help them.This was in response to when the small miners protested the GGMC seizing their equipment in October of this year. GGMC operatives had raided Mahdia and surrounding communities and seized equipment based on alleged breached of mining protocols. The miners however expressed that the long waiting period for permits and the alleged corruption by GGMC officers had left them non-compliant with regulations. Opposition Leader Bharrat Jagdeo had labelled the GGMC’s actions an “unconscionable assault”.“These small miners were faced with camps being burned, equipment seized sluice boxes being destroyed. What is hurtful is that then they are charged hefty fees to recover damaged equipment,” the MP stated.Indigenous People’s Affairs Minister Sydney AllicockShe also called on Government to foster for business opportunities for Indigenous people as well as calling on Government to amend the Amerindian Act. Indigenous People’s Affairs Minister Sydney Allicock responding to the Opposition’s concerns told the House that Government was working with Indigenous stakeholders on revising the Act.He also made remarks on the economic development of villages and noted that the Administration is working towards the eradication of poverty, having observed that some $1 billion was injected in 154 communities and villages. He said that the money was allocated towards agriculture production, tourism, manufacturing, village based enterprise, and other programmes.“In 2019, the Ministry of Indigenous People’s Affairs will continue to provide training in financial accountability, leadership and capacity to overcome challenges some villages faced in these projects while strengthening the positives such as knowledge implementation and business management among the beneficiaries,” he outlined.He stated that Budget 2019 will see the investment of $375 million to equip hinterland communities via satellites which will benefit over 11,392 residents. “$38.5 billion is to expand and maintain the infrastructure. $101 million allocated to continue to extend the electrification programme. There will also be the drilling of wells in the hinterland communities benefiting residents in over 200 communities,” Allicock explained to his fellow MPs.
“The Human Cost of the Invasion and Occupation of Iraq,” 7-8:30 p.m., Thousand Oaks Library, 1401 E. Janss Road. Call (805) 498-9401. Mail Datebook entries – including time, date, location and phone number – to Daily News City Desk, P.O. Box 4200, Woodland Hills, CA 91365; fax (818) 713-0058; e-mail email@example.com . DATEBOOK TODAY “Carnival of the Animals” children’s performance, 9:30 and 11 a.m., Janet & Ray Scherr Forum Theatre, Thousand Oaks Civic Arts Plaza, 2100 E. Thousand Oaks Blvd. Tickets: $7. Call (805) 338-3021. Chevy Chase Book Group will meet, 6:45 p.m., 3301 E. Chevy Chase Road, Glendale. Call (818) 548-2046. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Mario Rosenstock, Rebecca Sheri dan age 3, Aengus Mac Grianna and Michael Darragh Mccauley get tucked inMario Rosenstock, Aengus Mac Grianna and Michael Darragh Macauley donned their aprons to brush up on their baking skills ahead of Acquired Brain Injury Ireland’s annual fundraiser in Donegal ‘Bake for Brain Injury’ which takes place from 10th-16th March.The trio are calling on local people to host a Bake Break at home, in their workplace or in their school during Brain Awareness Week to help raise funds for ABI Ireland’s Residential and Community Neuro-Rehabilitation services in Donegal.ABI Ireland provides community-based neuro-rehabilitation services and advocates for the 13,000 people who acquire a brain injury every year in Ireland. “A brain injury can happen to anyone, anytime and anywhere,” said Barbara O’Connell, CEO of ABI Ireland.“Whether you fall victim to an unprovoked assault or road traffic accident, suffer a blow to the head on the football pitch, or simply trip in your high heels on a night out, a brain injury is devastating and life-changing.“We provide a personalised neuro-rehabilitation service to help those who acquire a brain injury regain their independence and live full lives in the community. Demand for services is constantly on the rise so hosting a ‘Bake Break’ with your friends or colleagues will help us make a big difference to the lives of those affected and their families,” she said. Men are three times more likely to acquire a brain injury, with young men between the ages of 18 and 35 most at risk.Footballer of the Year and ABI Ireland ambassador Michael Darragh Macauley said: “I’ve been supporting ABI Ireland for a number of years now because I’ve seen the good work they do and the difference their services have made, especially to young men my own age.“The reality that it could happen to any of us really hit home with me and I believe the rehabilitation ABI Ireland provides should be available to anyone who may need it. We can make sure this service continues to deliver by getting involved and raising much-needed funds during Bake for Brain Injury.”Register to host a Bake Break at www.bakeforbraininjury.ie or call 01 280 4164. All organisers will be entered into a draw to win a Ballymaloe Cookery Experience for two. Donations to Acquired Brain Injury Ireland can be made online. Join the conversation on Twitter using the hashtag #BakeBreak.MORE About Acquired Brain Injury IrelandEstablished in 2000, Acquired Brain Injury Ireland provides community based neuro-rehabilitation services to those who have acquired a brain injury. The organisation helps rebuild lives that have been shattered by the trauma of brain injury, through placing a critical emphasis on client-centeredness, quality, effectiveness and value for money. Rehabilitation and clinical support are key aspects to the service. Approximately 13,000 people suffer from a head injury in Ireland each year and face a dramatically altered life thereafter. People with acquired brain injury (ABI) progress at different rates, and may need to access services at different points in time as their needs change. Within each stage of rehabilitation a range of different service providers is involved, which must be coordinated. Once back in the community the emphasis is on more extended activities of daily living, integration, and return to work or education. Interventions focus on enhanced participation, improved quality of life, psychological adjustment and carer stress. Acquired Brain Injury Ireland is filling a vital service gap, in collaboration with statutory bodies.MARIO, AENGUS AND DARRAGH WANT YOU TO ‘BAKE FOR BRAIN INJURY’ was last modified: February 28th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Acquired Brain Injury IrelandBake for Brain InjuryBrain Injury Awarenessdonegal
COVINA – The Covina Redevelopment Agency denied violating open-meeting laws when it met in closed session last year over a loan deal for a local business. The agency outlined its argument in a legal document in response to a March 2 lawsuit by the District Attorney’s Office. The city attorney’s office filed the response April 14, two days before the deadline. “The city’s position is we disagree with the DA’s legal analysis and the facts they’re citing for the basis of their petition,” said Jennifer Pancake, an outside litigator representing the city. The DA’s Public Integrity Division sued the redevelopment agency over its Dec. 20 decision to hold a closed session on a loan for Seidner Enterprises, which wanted to renovate and expand Bert’s Motorcycle and Watercraft Mega-Mall on Azusa Avenue. The agency has a leasehold interest in the property, city officials said. Pancake said the agency leases the property from the owner and subleases it to Seidner Enterprises. That information was on the original loan agreement given to the DA’s Office, she added. In its response to the lawsuit, the city argues items discussed in closed session pertained to price and terms. The amendment to the loan agreement came up after the Dec. 20 agenda had been prepared. The agency board voted to add it to the closed session agenda before going into closed session. The Covina City Council, which is also the Redevelopment Agency, recently directed City Attorney Ed Lee to defend the agency against the lawsuit. “We don’t agree with the DA’s interpretation of the law,” said City Manager Paul Philips. “We answered all the charges. Of course we don’t agree with the substance of the lawsuit.” The DA’s Public Integrity Division has only sued twice over alleged Brown Act violations. “We’ve not taken anybody to this level since the Public Integrity Division began in 2001,” said David Demerjian, who heads the unit. The DA wants the court to order the Redevelopment Agency to tape closed sessions, take notes of discussions and make documents available upon request without delay. They are asking the court to declare the Dec. 20 decision null and void. The Redevelopment Agency asked the court to find the DA’s action “clearly frivolous and lacking in merit.” And if the court enters a judgment against the agency, they want the taping of closed sessions to be limited to items about real property negotiations. The next step in the lawsuit is discovery, said Pancake. “We will try to prove our case. They will try to prove their case,” she said. firstname.lastname@example.org (626) 962-8811,Ext. 2718160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventThat night the Redevelopment Agency approved a $1.75million loan and an additional $2.25 million over the next 10 years to Seidner. However, that deal has been set aside since Seidner later asked the agency for a new agreement. The new agreement, which the agency passed March 7, gives Seidner a $1.75 million loan for the remodeling and rehabilitation of the business. The DA said the agency violated the Ralph M. Brown Act, which details when officials can meet in closed session, because the Dec. 20 loan agreement with Seidner wasn’t done in public and no notice of a closed session was given. Prosecutors also question why the agency went into closed session. City officials said the redevelopment agency could go into closed session under the “real proper negotiations” exception. The DA’s Office argues that the loan agreement doesn’t involve the purchase, sale or lease of property by or for the agency.
FORMER Donegal manager Jim McGuinness says he would ‘never say never’ to returning to county management – but admits he’s more likely to coach his own boys at Naomh Conaill.He is currently employed as a coach at Celtic and has just earned his UEFA B licence, but at the Sky Sports Championship coverage launch, he spoke as if he was more interested in winning Sam Maguire than the Champions League.When asked by SportsJOE.ie would he consider managing a team other than Donegal, McGuinness suggested a return to his native county was his most likely route back to the GAA. “I think ‘never’ is a long time. Obviously I love my own county and if I was to manage anyone it probably would be Donegal,” he said.“I think there is probably a higher possibility of managing my young fellas, at underage, than a county team. In the short term anyway. But I would never say never.”McGuinness will return to the Sky Sports studio this weekend as the All-Ireland champions get their first outing of the summer in the unusual surroundings of Kilkenny’s Nowlan Park as Dublin take on Laois.“It fills a void for me, you’re still part of a Championship Sunday. You’re there early and you’re preparing to study both teams, with a view to what is going to unfold,” said the Glenties man. “You talk about it afterwards, so you’re part of the process. So it fills a void. If I was just at home, if I was just Donegal manager one day and then watching games at home the next, it could be a wee bit of a lonely place.” McGUINNESS: ‘NEVER SAY NEVER’ ON A RETURN TO DONEGAL FOOTBALL was last modified: June 2nd, 2016 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:championshipdonegaldublinJim McGuinnessLaoissky launchSKY TV
Jose Mourinho has confirmed Romelu Lukaku was left out of the squad to face Bournemouth due to an injury picked up in training on Friday.The Manchester United striker has not travelled to the Vitality for the Saturday lunchtime clash, with Alexis Sanchez instead starting up front. Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade BEST OF 2 ADVICE Where Ancelotti ranks with every Premier League boss for trophies won REVEALED 2 Which teams do the best on Boxing Day in the Premier League era? No place in the starting XI for Rashford RANKED Every time Ally McCoist lost it on air in 2019, including funny XI reactions huge blow Son ban confirmed as Tottenham fail with appeal to overturn red card Latest Football News “In training yesterday, after the press conference, he felt something that needs to be studied in the next couple of days,” Mourinho explained on BT Sport.“So Lukaku has not come and we decided to start with Alexis.”Lukaku has not scored since the 2-1 win over Watford on September 15 – a run stretching nine games.His barren form in front of goal led him to be dropped for last weekend’s victory over Everton, and there were rumours he would be benched again today even if fit. Top nine Premier League free transfers of the decade Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Marcus Rashford has missed an opportunity to prove himself up front in Lukaku’s absence, as the England international was named on the bench at Bournemouth.Mourinho has been boosted by the return of Sanchez and Jesse Lingard to try and solve United’s goal-problem up front.You can see the confirmed Red Devils line-up below:Man Utd: de Gea, Young, Smalling, Lindelof, Shaw, Fred, Matic, Pogba, Mata, Martial, Sanchez.Subs: Jones, Rashford, Lingard, Ander Herrera, Romero, Darmian, McTominay. Lukaku is out with an injury REVEALED MONEY no dice Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury
Gray has been in great formBrentfordBees boss Mark Warburton and striker Andre Gray are in the running for the Championship manager and player of the month awards respectively. Under Warburton’s guidance, Brentford won all five of their league games in November, taking them up to third in the table.He has been nominated alongside Bolton’s Neil Lennon, Mick McCarthy of Ipswich and new Birmingham boss Gary Rowett. Gray, who stepped up three divisions when signing from Luton in the summer, has netted five goals in the last five games, and is competing with Blackburn forward Rudy Gestede, Leeds midfielder Alex Mowatt and Birmingham goalkeeper Darren Randolph.Scott HoganBrentford say the striker is making good progress in his recovery from a serious knee injury he suffered at Rotherham in August. Hogan underwent surgery to reconstruct the anterior cruciate ligament in his left knee in September and will continue his rehabilitation work in the new year with two weeks in Philadelphia with renowned knee specialist Bill Knowles.Bees boss Mark Warburton said: “Much work still lies ahead but it is most pleasing to see how far Scott has come in such a short period of time. The fact Scott is making such excellent progress is testament to the work ethic and commitment of the player and the medical team”.FulhamThe Whites have sold out their full away allocation for the Boxing Day trip to Bournemouth. It means Kit Symons’ side will be backed by more than 1,325 fans when they take on the Championship high-flyers.QPRRangers’ FA Youth Cup tie at Birmingham City has been brought forward to Saturday 13 December, with a 1pm kick-off. The game, at Solihull Moors FC, was originally scheduled for Tuesday 16 December.Charlie AustinThe striker has been voted QPR’s player of the month for November after scoring five goals in as many matches.Lyle Della VerdeThe Fulham midfielder, on loan at Bristol Rovers, underwent a scan on Thursday on an ankle injury picked up in a Conference Premier match this week. The 19-year-old turned his ankle after a challenge midway through the first half of Tuesday night’s 0-0 draw with Wrexham.Mark SmithThe Brentford goalkeeper will stay with Hampton & Richmond Borough until January. Smith, 18, joined the Ryman Premier Division club on a short-term loan at the end of October but has had the deal extended.Hampton & RichmondWinger Luke Wanadio has left the club in order to play more first-team football. The former Kingstonian man has not been a regular for Hampton of late and boss Alan Dowson said: “Luke is a bit unlucky. He wants to start games, it’s something at the moment we can guarantee so he goes with our best wishes.”Follow West London Sport on TwitterFind us on Facebook
Share Facebook Twitter Google + LinkedIn Pinterest On the 2015 I-75/I-71 Ohio Crop Tour we will be doing yield checks in corn fields and stand assessments for soybeans.For corn we look at the general condition, disease pressure, insect pressure, ear fill, and give the field an overall rating. We use the following formula for estimating the yield.Yield Estimate: Take two population counts up one row and down the other and pull ears 3, 5 and 9 of the second row.EARS per 1/1000 of an acre (17’5” for 30” rows) ______x # of rows______X # of kernels per row __________ divided by 90 shallow kernel depth85 average kernel depth80 excellent kernel depth=_____ For soybeans, we scout the field and consider the general appearance, canopy height, first node height, disease pressure, insect pressure, pod observations and plant population. We use these factors to give an estimate of the yield potential in the field.
Apple has just released a new mobile application for owners of iPhone 4 devices who are affected by the widely-reported antenna issues with the newly redesigned handsets. The app, called the iPhone 4 Case Program, will allow qualified customers to apply for a free rubber bumper case directly from their phone. In a press conference last week, Apple CEO Steve Jobs admitted to the problems with the iPhone 4, which now sports an antenna wrapped around the outside of the handset itself. The exec said Apple knew that such a design would cause the bars to drop a bit when the phone was gripped in a certain way, but didn’t think it would be a big problem because all smartphones have this issue. iPhone 4 is Not Perfect! When eligibility is confirmed, the customer can select an iPhone 4 bumper case, which will then be shipped at no charge. Interestingly enough, Apple isn’t just providing its own cases via the program, but has also listed cases from third party companies, including Incase, Belkin, Griffin and Speck. Cases will only be available free of charge until September 30, which makes one wonder whether there’s any merit to the reports stating that the antenna issues have already been addressed within the supply chain. According to Ashok Kumar, managing director and senior technology analyst at Rodman & Renshaw, “Supply chain checks reveal that Apple has instituted a design fix for the iPhone 4 that more adequately insulates the transceiver module.” Whether or not that’s true, Apple made no mention of it or any other planned hardware fixes during its press conference. Hopefully a better solution beyond free rubber cases is on the horizon, however, for those who decide to purchase an iPhone after the free case deadline is up. Although Jobs’ mea culpa involved demonstrating how other smartphones are also affected by so-called “death grip” issues (special ways of holding a device that reduce its signal strength), it’s clear that consumers – and perhaps Apple itself – hold Apple to a higher standard. After Consumer Reports boldly stated it could not recommend the iPhone 4 to customers, the “antennagate” problem crossed the chasm from being fodder for technology blogs to an issue mainstream consumers began to care about in earnest. During the press conference, Jobs promised that unhappy iPhone 4 owners would be provided with free bumpers – rubber outer casings that are being sold by Apple (for the first time ever) at $30 apiece. If Apple thought that the antenna issues would work in its favor as a way to earn additional revenue by marking up rubber cases that couldn’t be more than a couple dollars at most to manufacture, it was sorely mistaken. The cases will now have to be written off as a loss. Free Bumpers for Everyone (for a Limited Time)Yesterday, Apple began processing refunds for customers who purchased their iPhone 4 bumpers via the online Apple store website, where cases were on backorder due to high demand. Today, the company has released its own application (iTunes link) to address the remaining lot of unhappy iPhone 4 customers who do not wish to return their phone, but need a bumper case in order to avoid the antenna issues. With the new Case Program app, the software will automatically check various identifiers contained within the iPhone itself, including the IMEI and serial number, to verify that the end user is actually the owner of an iPhone 4. What it Takes to Build a Highly Secure FinTech … Tags:#Apple#mobile#news#NYT#web Related Posts Role of Mobile App Analytics In-App Engagement The Rise and Rise of Mobile Payment Technology sarah perez Why IoT Apps are Eating Device Interfaces