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THE 10 NIGHTMARE CITIES WHERE NO ONE WANTS TO DRIVE

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Car traffic
For many Americans, there’s no escaping the stressful rush hour drive — but not for everybody. Many choose not to own a car. In fact, according to a recent report, more than 9% of U.S. households did not have a car in 2012, a higher figure than five years ago. In 21 of the nation’s 30 largest cities, households were also less likely to have a vehicle than just five years earlier.According to a study by Michael Sivak, a research professor at the University of Michigan Transportation Research Institute, the growth in households without a vehicle provides evidence that Americans are less dependent on cars than in the past. Sivak’s research also indicates that, per capita, Americans own fewer vehicles, drive fewer miles, and consume less fuel. While the number of households without a car rose nationwide, from 8.7% in 2007 to 9.2% in 2012, figures by city differ dramatically. In San Jose, just 5.8% of households did not have a car. In New York, 56.5% of households did not have a car.According to Sivak’s report, “The proportion of households without a vehicle is likely influenced by a variety of factors,” including public transportation quality, urban layout, weather, and fuel costs.” Adie Tomer, associate fellow at the Brookings Institution, agreed that, per capita, Americans have been driving less, and that this is due to “a huge confluence of factors.”One of the major factors Sivak identified as potentially contributing to peaking motorization is an increase in the use of public transportation. In fact, in large cities where Americans were least likely to have a car, the percentage of workers who commuted via public transportation was especially high, according to 2012 figures published by the U.S. Census Bureau. Residents of New York, Boston, and Washington, where people are least likely to have a car, were all among the most likely Americans to take public transportation to work.According to Tomer, public transportation often serves as a substitute for driving, especially if the transit system is good. A good public transit system makes a city’s resources more accessible. Residents ask “Can I get to work in 30 minutes if I wanted to move to that part of town? How many grocery stores are within 10 minutes?” Tomer said.Sivak also noted the role played by good public transportation in his report. “The five cities with the highest proportions of households without a vehicle were all among the top five cities in a recent ranking of the quality of public transportation,” citing to a 2012 rank of public transit by Walk Score, a company that measures walkability in cities.Tomer noted that, in addition to quality transit service, the layout of a city matters as well. Cities where businesses, residences, and people are more tightly-packed lead to congestion on roads, making it harder to get around by car. Based on figures from a Census report, five of the cities where households are least likely to have a car are also located in some of the nation’s 10 most densely populated metro areas.

While a densely populated city can be congested, it can also make the city easier to walk around. According to Sivak’s report, walkability are among the factors that can influence households to avoid buying a vehicle. Walk Score constructed one measure of walkability by considering distance to amenities as well as pedestrian friendliness. Most of the cities where households were least likely to have a vehicle also had among the top 10 walk scores in the nation.

Based on an analysis of “Has Motorization in the U.S. Peaked?” from the University of Michigan Transportation Research Institute, 24/7 Wall St. identified the major U.S. cities where the fewest households had a vehicle in 2012. The report relied on figures originally produced by the U.S. Census Bureau’s American Community Survey. Also from the survey, we considered household vehicle figures for 2007, as well as commuting data from 2012. We also reviewed Census data on population, using July 2012 figures, as well as population-weighted density, based on a 2010 Census Special Report “Patterns of Metropolitan and Micropolitan Population Change: 2000 to 2010.” We used qualitative scores on the quality of walking, public transportation, and biking in cities from Walk Score, and figures from the Brookings Institution on transit coverage by metro area for 2010. Brookings considers anyone living within 3/4ths of a mile from a transit stop to be “served.”

These are the cities where no one wants to drive:

1. New York, N.Y.
> Pct. of households without a vehicle: 56.5%
> Pct. commuting to work via public transportation: 55.9% (the most)
> Transit score: 81.2 (the best)
> Population: 8,336,697 (the largest)

Nearly 90% of New York metro area residents were served by public transportation, more than all but a handful of other places in the U.S. More than 56% of New York City households did not own a car, the most of any city in the nation. This figure was up from 2007, when 54% of New York households did not have a car. In all, New Yorkers were more likely than residents of any other city to take public transportation to work, and no city received higher scores for walkability or transit. The city continues to invest in public transportation, including extensions to the city’s subway system, a new subway transit hub in downtown Manhattan, and improving accessibility for Long Island Rail Road commuters.

2. Washington, D.C.
> Pct. of households without a vehicle: 37.9%
> Pct. commuting to work via public transportation: 38.6% (4th most)
> Transit score: 70.4 (4th best)
> Population: 619,020 (24th largest)

Nearly 38% of households in Washington, D.C. did not have a car in 2012, one of the highest percentages in the U.S. Additionally, more than 60% of working residents chose not to drive to work, one of the highest rates in the nation. The city received some of the highest marks from Walk Score for walkability, public transit, and biking in the area. As of 2010, 82.5% of the Washington, D.C. metro area’s population was served by a transit system. This figure may rise once the first section of the Washington Metro’s Silver Line opens, scheduled for later this year.

3. Boston, MA 
> Pct. of households without a vehicle: 36.9%
> Pct. commuting to work via public transportation: 34.6% (5th most)
> Transit score: 74.8 (3rd best)
> Population: 628,335 (21st largest)

Boston commuters were more likely to walk to work than those in any other major city. More than 15% did so in 2012. The city’s public transportation also offers excellent alternatives to driving, according to Walk Score, which rated Boston’s transportation infrastructure third best in the country. The Massachusetts Bay Transportation Authority (MBTA), also known as the T, recently announced the completion of train arrival information systems at all 53 of its heavy rail stations in the city, one of the first cities in the country to do so.

4. Philadelphia, PA
> Pct. of households without a vehicle: 32.6%
> Pct. commuting to work via public transportation: 26.0% (12th most)
> Transit score: 67.0 (5th best)
> Population: 1,538,567 (5th largest)

The Southeastern Pennsylvania Transportation Authority (SEPTA) maintains rail, trolley, and bus routes throughout the Philadelphia region, including more than 100 bus stations. There are four public transit systems in addition to SEPTA connecting residents to their destinations in the Philadelphia metro area. The city was among the top six urban areas for its walkability, overall transit quality, and bikeability.

5. San Francisco, CA
> Pct. of households without a vehicle: 31.4%
> Pct. commuting to work via public transportation: 33.1% (6th most)
> Transit score: 80.5 (2nd best)
> Population: 814,233 (14th largest)

San Francisco’s transit system was rated higher than all but one other city by Walk Score. The city also scored higher than nearly all other urban areas for its biking and for its walkability. City residents were taking advantage of these opportunities as of 2012, with over 55% choosing not to commuting to work by car, more than all but a handful of U.S. cities. San Francisco, which is well within commuting distance of Silicon Valley, also pioneered a controversial program permitting companies such as Google and Apple to use public bus stops for their private shuttles.

source:http://business.time.com/2014/02/08/the-10-nightmare-cities-where-no-one-wants-to-drive/

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Business

ONEPLUS IS GOING TO START MAKING TVS

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OnePlus is is getting into a new line of business: making TVs. Best known for its phones, China’s OnePlus also has a small catalog of really good accessories like wireless earphonesand surprisingly awesome backpacks, though nothing as complex or expensive as a television set. In announcing the news on the OnePlus online forums, company chief Pete Lau describes it as “the first step in building a connected human experience.”

Every hardware manufacturer is now looking intently at ways to monetize the smart home space. Samsung and Huawei recently announced smart speakers, Apple and Google already have the HomePod and Google Home, respectively, and Microsoft and Sony are old incumbents with their Xbox and PlayStation consoles. OnePlus has decided to make its entry point into this market the TV itself, which has always been at the center of home entertainment, though often with the help of other connected devices. Reading Lau’s teaser announcement, the OnePlus TV — which so far only has a project name, no timeline or specs have been revealed — will serve as the connectivity hub for OnePlus’ future vision of the smart home.

The OnePlus smart TV will be developed by a new division within OnePlus, led by Pete Lau himself. Still at the earliest stages of development, OnePlus is currently seeking input from its fans, as it often does, about what their priorities with a future smart TV will be.

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Finance

LAGOS TO HOST BIANNUAL AFRICA FINTECH SUMMIT FOR THE FIRST TIME IN NOVEMBER

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The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures
LAGOS, Nigeria, September 17, 2018/ — Africa’s premier fintech event, the Africa Fintech Summit, (www.AfricaFintechSummit.com) will be held for the first time in Lagos, Nigeria, onNovember 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors.

The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures.

Speaking on the decision to bring the Summit to Lagos, the Chairman of the Summit, Leland Rice, said, “Lagos is an ideal host city; it’s an epicenter of Africa’s fintech revolution and the driving force behind the continent’s entrepreneurial spirit. The successes of companies such as Paga, Flutterwave, Mines.io, and Paystack have strategically positioned Lagos as the destination of choice for investors.”

“The first edition of the Summit in D.C. was a launch pad for several milestone fintech deals struck among its delegates in the months after the event. We plan to build on these successes in Lagos, with a focus on bringing innovators and policy makers together to move the needle on fintech regulation and bringing founders and investors together to facilitate further capital raises,” added Leland.

The two-day event will feature investor missions from the US, UK, and UAE, an Alpha Expo featuring the most exciting startups and entrepreneurs in Nigeria, a half-day blockchain masterclass, and an awards ceremony.

Reacting to the decision to host the Summit in Lagos, the Senior Special Assistant to the President on Technology, Lanre Osibona, stated, “This reflects the progress Nigeria is making in the areas of technology and financial services. The event is very important as it comes at the heels of the Vice President Osinbajo’s trip to Silicon Valley to promote Nigeria’s tech sector. We look forward to collaborating with the organizing committee and to a successful event in Lagos.”

In similar vein, Tayo Oviosu, the founder of Paga—a payment company that recently raised $10 million in Series B2 funding—said that “the Africa Fintech Summit in Washington D.C. provided valuable insights into the fintech space and connected me with key players in the industry. I look forward to the Lagos edition.”

Speakers lined up for the event include Chief Economist of PwC Nigeria, Dr. Andrew S. Nevin; Managing General Partner of EchoVC, Eghosa Omoigui; CEO of Diamond Bank, Uzoma Dozie; Founder of Flutterwave, Iyinoluwa Aboyeji; and CEO of PayStack, Shola Akinlade, whose company recently raised $8 million Series A funding

Distributed by APO Group on behalf of Dedalus Global.

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For more information, please contact:
Ridwan Sorunke
Directory of Communications, AFTS
Ridwan@AfricaFintechSummit.com
+234 (0) 8037885760
+1 2023166726

About Dedalus Global

Dedalus Global (https://VC4A.com/dedalus-global/) is an investment and strategy advisory firm focusing on emerging markets and emerging technologies. With networks throughout Africa and the Middle East, we leverage granular market knowledge to drive innovation, accelerate capital deployment, and create value for our clients and the economies where they operate.

About Africa Fintech Summit (AFTS)

The Africa Fintech Summit (www.AfricaFintechSummit.com) is a biannual event that brings together leading disruptors, tech and finance professionals, regulators, and investors from around the globe to debate policies, compare best practices, and forge Africa-focused ventures. AFTS leverages the growth of the fintech sector in Africa to bring key stakeholders to discuss the technologies transforming finance on the continent.

To learn more about AFTS, please visit www.AfricaFintechSummit.com

View a recap from the AFTS Washington: https://www.youtube.com/watch?v=ZIdDS-u0rXE

SOURCE
Dedalus Global

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Business

AMAZON IS REPORTEDLY BUILDING A FREE STREAMING VIDEO SERVICE FOR FIRE TV OWNERS

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Amazon is said to be prepping an ad-supported streaming video service; it’ll be available to folks who own any of the company’s Fire TV streaming dongles and set-top boxes, reports The Information.

It’ll be separate from Prime Video, which offers a range of licensed shows and movies, as well original content produced by Amazon, to people who are subscribed to Prime.

Amazon's latest streaming device is the Fire TV Cube
Credit: Amazon
Amazon’s latest streaming device is the Fire TV Cube

Do you like good gadgets?

Those sweet cool gadgets?

Oh, yeah

The idea behind this upcoming service, which is dubbed Free Dive, is to help Amazon bring in more revenue through advertising. Ads presently account for a small fraction – about $2 billion out of more than $200 billion – of its annual revenue, but they offer higher margins than retail, and are one of Amazon’s fastest growing earners company-wide.

To that end, the company’s been selling ad space on its site, and is slated to run ads during live sporting events on Prime Video. It also turned off ad-free viewing on Twitch – its game video streaming service – for Prime subscribers earlier this month.

Free Dive could give Amazon a chance to rival Roku, which offers a similar ad-supported streaming service for owners of its devices and is expected to reach 59 million users by the end of 2018. Roku also made its ‘Channel’ service available via the web earlier this month to folks in the US, so you don’t need the company’s hardware to access it. It’ll be interesting to see if Amazon follows suit – and how it plays its cards with customers across the globe, especially in cost-conscious markets like India, where it’s expanding its media offerings.

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