Industry up in France and Italy

first_img Industrial output increased in both France and Italy at the end of 2010, official data showed yesterday. The boosts to industry in the Eurozone countries contrasted with a decline in German output, after a severely snow-affected December. Italy’s output rose 0.3 per cent compared to the previous month, slightly above the expectations of economists. French industrial production rose 0.3 per cent in December, confounding average expectations of a 0.4 per cent fall. “Germany was hit by very adverse weather conditions at the end of the fourth quarter while the shock was felt much less in Italy and France,” said Gilles Moec of Deutsche Bank. whatsapp whatsapp Thursday 10 February 2011 8:13 pm Share Show Comments ▼center_img KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndo Industry up in France and Italy Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Tags: NULLlast_img read more

Mumias Sugar Company Limited ( 2014 Abridged Report

first_imgMumias Sugar Company Limited ( listed on the Nairobi Securities Exchange under the Food sector has released it’s 2014 abridged results.For more information about Mumias Sugar Company Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mumias Sugar Company Limited ( company page on AfricanFinancials.Document: Mumias Sugar Company Limited (  2014 abridged results.Company ProfileMumias Sugar Company Limited is the largest sugar manufacturer in Kenya producing about 250 000 metric tonnes (42%) of the estimated 600 000 metric tonnes of annual national output. Its own sugarcane plantations provide up to 7% of its annual output; its primary source of sugarcane is grown by outgrowers with some 400 square kilometers under cultivation Mumias Sugar Company co-generates over 30 megawatts of electricity which is used for its own operations and surplus is sold into the national electricity grid. Mumias Sugar Company also manufacturers about 24 million liters of ethanol annually and 20 million liters of distilled water. The company was founded in 1971 where the government of Kenya was a major shareholder. The initiative was implemented to provide a source of income for poor farmers in the Mumias district, create job opportunities and curb rural-urban migration. Mumias Sugar Company has reduced Kenya’s dependence on imported sugar products and created a self-sustaining sugar production enterprise where outgrower farmers reap the commercial benefits. Mumias Sugar Company Limited is listed on the Nairobi Securities Exchangelast_img read more

RH Bophelo Plc ( HY2021 Interim Report

first_imgRH Bophelo Plc ( listed on the Rwanda Stock Exchange under the Investment sector has released it’s 2021 interim results for the half year.For more information about RH Bophelo Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the RH Bophelo Plc ( company page on AfricanFinancials.Document: RH Bophelo Plc (  2021 interim results for the half year.Company ProfileRH Bophelo is a healthcare investment company dedicated to working closely with entrepreneurs, medical professionals and experienced business partners to service the gap between public and private healthcare sectors in South Africa. We achieve this by making acquisitions that can support our vision of providing affordable quality healthcare services for lower to middle income earners, whilst offering superior value to our stakeholders. RH Bophelo Plc is listed on the Rwanda Stock Exchangelast_img read more

Apopka resident pleads guilty to gun and drug charges

first_img Save my name, email, and website in this browser for the next time I comment. UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Please enter your comment! TAGSDepartment of JusticeJesse Ingram Jr. Previous articleFresh from Florida: Apopka Hop Pale Ale makes its debutNext articleDistracted driving caused 4,000 Florida deaths in 2016 Denise Connell RELATED ARTICLESMORE FROM AUTHOR Faces multiple sentences of 10-20 years Florida gas prices jump 12 cents; most expensive since 2014 Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom center_img You have entered an incorrect email address! Please enter your email address here LEAVE A REPLY Cancel reply From the Department of Justice U.S. Attorney’s Office/Middle District of FloridaJesse Ingram Jr.Acting United States Attorney W. Stephen Muldrow announced on Thursday that Jesse B. Ingram, Jr. (34, Apopka) yesterday pleaded guilty to two counts of being a felon in possession of a firearm; two counts of attempting to possess with the intent to distribute and attempting to distribute heroin; and one count of possessing a firearm in furtherance of a drug trafficking crime. He faces a maximum penalty of 10 years in federal prison for each count of being a felon in possession of a firearm and up to 20 years in federal prison for each drug distribution charge. He also faces a mandatory minimum penalty of five years, consecutive to the sentence imposed for the other charges, for possessing a firearm in furtherance of his drug trafficking crime.According to court documents, Ingram possessed a firearm while attempting to distribute a substance that he believed was heroin. As a previously convicted felon, he is prohibited from carrying a firearm or ammunition under federal law.This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Orange County Sheriff’s Office, and the Apopka Police Department. It is being prosecuted by the Assistant United States Attorney Sean P. Shecter.This is another case prosecuted as a part of the Department of Justice’s “Project Safe Neighborhoods” Program – a nationwide, gun-violence reduction strategy. Acting United States Attorney W. Stephen Muldrow, along with Daryl R. McCrary, Special Agent in Charge, ATF, is coordinating the Project Safe Neighborhoods effort here in the Middle District of Florida in cooperation with federal, state, and local law enforcement officials. Please enter your name here Share on Facebook Tweet on Twitterlast_img read more

How should we decide what to do?

first_img LEAVE A REPLY Cancel reply Share on Facebook Tweet on Twitter TAGSEthicsthe Previous articleApopka Burglary ReportNext article50% of Floridians have unused vacation days Denise Connell RELATED ARTICLESMORE FROM AUTHOR Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear Save my name, email, and website in this browser for the next time I comment. By Lori Gruen, Professor of Philosophy, Wesleyan UniversityEditor’s Note: This article and series was first published on theconversation.comMost of us are faced with ethical decisions on a regular basis. Some are relatively minor – perhaps your cousin makes a new recipe and it really doesn’t taste good, and you have to decide whether to tell the truth or a little white lie so as not to hurt her feelings.Others are weightier – should you blow the whistle when you discover that your co-worker is behaving in ways that could jeopardize everyone at your workplace? Should you forego a relaxing vacation and instead donate the money to a worthy cause?For thousands of years, philosophers have debated how to answer ethical questions, large and small. There are a few approaches that have withstood the test of time.Doing the most goodOne approach, which we often use in our day-to-day lives even if we aren’t aware that it is a type of ethical deliberation, is to figure out what the consequences of our actions might be and then determine if one course of action or another will lead to better outcomes. In the policy context, this is often referred to as a cost-benefit analysis.“Consequentialism,” an ethical system, suggests that the right thing to do is the action that will bring about the best consequences for all those affected by the action. “Best consequences” are usually thought of as those that bring about the most happiness over suffering.Utilitarianism is the primary version of this ethical system. Its most noted living defender, philosopher Peter Singer, has made compelling arguments about how we should decide what to do. He argues that when we can do something to promote the well-being of others, whether they are near or far, human or nonhuman, at relatively little cost to ourselves, that is what we should do.Should an individual forego a vacation to help fight global poverty? Feed My Starving Children (FMSC), CC BYFor example, across the globe children are suffering and dying from easily preventable diseases. Their lives could be saved if those of us in wealthier countries gave just a little bit of our wealth to organizations fighting global poverty.Perhaps people could go on less expensive vacations or bring lunch from home rather than eating out and then donate the money saved to help those in need. The suffering that could be prevented would greatly outweigh the slight loss of happiness that such luxuries provide.Following the rulesBut why stop at giving up a fancy vacation? Why not forego all travel for pleasure? Surely that could do much more good. In fact, why not forego having children or donate one of our kidneys to someone in need?When I raise these possibilities with my students, they often complain that this is going too far. So I push the examples to an extreme to try to get clearer about what is wrong:Imagine a person in a hospital recovering from knee surgery whose organs happen to match three people who just were rushed into the emergency room after a car accident. The three people need a heart, a lung and a liver.Imagine further that the person recovering hears the family members of those in the accident crying, and the person asks the doctor to take his heart, lung and liver to save the three people. A doctor wouldn’t do that – it is unethical to kill one person to save three people. But why? It would bring greater happiness.Doctors take a Hippocratic oath to do no harm, so that is one reason why they wouldn’t do this even if asked. The Hippocratic oath can be seen as part of another system of ethics, one that locates the ethical thing to do in doing one’s duty or acting according to good principles. The Hippocratic oath is one such principle.Doctors follow this rule, not for the sake of following a rule, but because this rule, like the Golden Rule. “Do unto others as you would have them do unto you” protects and promotes important values. Values we might promote include respecting people for themselves, not their body parts, and treating others and their projects as worthy.Empathetic careAristotle. After Lysippos via Wikimedia CommonsThere is another ethical approach, one that I have been developing, that comes out of a tradition in ethics that doesn’t focus only on outcomes or on duties, but rather on being a good person and promoting caring relationships.Many philosophers, going back to Aristotle, have argued that virtue can be our guide. When figuring out what to do, we might want to ask how our actions reflect back on ourselves and the relationships we value.There are many different ideas about exactly what counts as virtuous. But it’s hard to deny that being a compassionate, respectful, empathetic person, who takes responsibility for her relationships and works to make them better, would count. Honing these skills and acting on them can be a guiding ethos for our choices, actions, and making our way in the world.If we strive to be better people in caring relationships, doing the right thing, even when difficult, can have unexpected rewards.Editor’s note: This piece is the start of our series on ethical questions arising from everyday life. We would welcome your suggestions. Please email us at [email protected] Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here Support conservation and fish with NEW Florida specialty license plate last_img read more

Arpdale Residence / co(X)ist Studio

first_img 2017 Builder: Area:  3550 ft² Year Completion year of this architecture project Year:  Projects ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ArchDaily Developer:Brent Fannin, FIA HomesConsultants:JM Structures, Casa Mechanical ServicesSite:8150.0 ft2Construction Duration:8 MonthsConstruction Cost:undisclosedTeam:Megan Lin, Frank Lin, Beth MurphyCity:AustinCountry:United StatesMore SpecsLess SpecsSave this picture!© Patrick Y. WongRecommended ProductsWoodEGGERWood-based materials in EGGER HeadquartersDoorsGorter HatchesRoof Hatch – RHT AluminiumEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWindowsSolarluxSliding Window – CeroText description provided by the architects. Situated on a prominent corner lot in the Zilker neighborhood of Austin, this Mid-Century inspired home presents the unique opportunity to activate two street elevations while maintaining a sense of scale and character within the neighborhood. An exposed glulam roof structure radiates from a single steel column, wrapping and folding around the corner to create a home with two striking facades. Tucked to the side and back of the lot, the second story is sited to help de-scale the corner and create spectacular vistas of the folded roof and the courtyard below. Save this picture!Long Section – Kitchen and CarportSave this picture!© Patrick Y. WongSave this picture!Floor Plan – Level 1The interior courtyard is best viewed as you descend the stairwell and look out over the private pool scape. On a very exposed corner lot, the U-shaped plan also allows for privacy and seclusion for the homeowner. Public spaces such as the kitchen, living room and dining room, are located in direct relationship to the courtyard to enhance bringing the outside into the house. Natural light filters in throughout the home, creating an airy open feel. Continuity of materials from the exterior to the interior and the use of multiple sets of sliding glass doors also help to reinforce the seamless experience between the outside and the inside.Save this picture!© Patrick Y. WongProject gallerySee allShow lessHiCC Ent. Headquarter / LESSSelected ProjectsDenise Scott Brown to Receive the 2018 Soane MedalArchitecture News Share Manufacturers: Milgard, Cepac, Cypress Decking, Cypress V-Grooved Soffit, Metro Quartz, Opustone, The Door Company, The Tile Bar, TreeHouse Arpdale Residence / co(X)ist StudioSave this projectSaveArpdale Residence / co(X)ist Studio “COPY” “COPY” United States Save this picture!© Patrick Y. Wong+ 24Curated by Fernanda Castro Share ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs Arpdale Residence / co(X)ist Studio FIA Homes, Brent Fannin Houses Photographs:  Patrick Y. Wong Manufacturers Brands with products used in this architecture project CopyAbout this officeco(X)ist StudioOfficeFollowProductsGlassSteelStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesAustinUnited StatesPublished on September 07, 2018Cite: “Arpdale Residence / co(X)ist Studio” 07 Sep 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More products »Save想阅读文章的中文版本吗?美国奥斯汀角落住宅 / co(X)ist Studio是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream CopyHouses•Austin, United States Architects: co(X)ist Studio Area Area of this architecture projectlast_img read more

2019 Giving Tuesday brought in £10,000 a minute for good causes

first_img2019 Giving Tuesday brought in £10,000 a minute for good causes AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1  344 total views,  2 views today Globally, PayPal donations raised nearly $106 million on the day itself – an increase on last year’s total of $98 million, while in the UK PayPal made £150,000 available for matching customer donations through its PayPal Giving Fund.RBS donated £250,000 to charities chosen by its employees and customers, and made £100,000 available to match customers’ donations via its MyReward points.Giving Tuesday also saw more people sign up to payroll giving schemes at work, with the numbers showing that as a result of these new sign-ups, an extra £180,000 will go to charitable causes over the next year.Overall, over 3,300 UK charities and businesses took part and Giving Tuesday again trended on Twitter.CAF’s Gráinne Mathews, Giving Tuesday Lead in the UK, said:“Giving Tuesday 2019 has smashed the Charities Aid Foundation’s expectations and the hopes of our partners. CAF’s research has shown a worrying decline in the amount of people giving to charity, which makes Giving Tuesday so important in reminding everyone of the amazing work charities are doing and how we can help them. Our sincere thanks go to the many people who worked together to make a world of difference.” Melanie May | 18 December 2019 | News Tagged with: Giving Tuesday  345 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Charities Aid Foundation’s donations data for this year’s Giving Tuesday reveals that £10,000 a minute was brought in for good causes in the UK.CAF, which runs the campaign in the UK, has released figures from Visa that show £14.2 million was donated via its payment platforms in the UK on 3 December, amounting to nearly £10,000 a minute. This is a 48% rise in donations made though Visa compared to an ordinary Tuesday in 2019.The Big Give charity’s week-long Christmas Challenge, which ran from the 3–10 of December, was one of the UK’s biggest ever match-funding campaigns. On Giving Tuesday itself, it raised more than £5.1 million – up on last year’s total of £4.5 million. Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via read more

¿Por qué sigue importando la vida de Emmett Till?

first_imgEditorial, 1º de septiembreDurante el apogeo del Movimiento de Derechos Civiles en el Sur en la década de los 1960s, activistas como Jimmy Lee Jackson, Medgar Evers, Viola Liuzzo, James Chaney, Andrew Goodman, Michael Schwerner, el Rev. James Reeb y otros perdieron la vida a manos del Ku Klux Klan.  Pero la reacción a un linchamiento anterior, junto con el boicot de autobuses de Montgomery-Alabama, ayudó a desencadenar este movimiento.  Fue el linchamiento brutal de Emmett Till, un joven afroamericano de 14 años quien hace 60 años, el 28 de agosto, perdió su preciosa vida en Money-Misisipi.Emmett Till nació el 25 de julio de 1941 y creció en Chicago.  Sus padres habían migrado al Norte al igual que millones de negras/os para escapar de la opresión del Sur.  A finales de agosto de 1955, Emmett viajó al corazón del Delta de Misisipi para visitar a un tío.Su madre Mamie Till Mobley, le advirtió que la actitud de los blancos en Money hacia los negros era “diferente” de la de los blancos en Chicago a pesar de que ambas ciudades estaban marcadas por la segregación.Roy Bryant, un rabioso segregacionista, era dueño de una tienda en Money frecuentada por aparceros negros.  Cuando Till salía de la tienda, la esposa de Bryant alegó que el adolescente, quien sufría de un defecto del habla, le había silbado.Días después en medio de la noche, Bryant, J.W. Milam y otro blanco racista secuestraron al adolescente a punta de pistola de la casa de su tío.Willie Reed, un aparcero negro que trabajaba para Milam, afirmó en el documental de 2003, “El asesinato de Emmett Till”, que escuchó a Till siendo golpeado por los tres hombres en un cobertizo de herramientas.  Oyó al adolescente gritando en agonía.  Till, empapado de sangre, fue conducido a las orillas del Río Tallahatchie donde le dispararon en la cabeza.Un ventilador desmotador de algodón fue atado con alambre alrededor de su cuello.  Su cuerpo fue arrojado en el río donde fue encontrado días después.  Después de que Reed fue obligado a lavar la sangre de Till de la parte trasera del camión, desapareció temiendo por su propia vida.El asesinato de Emmett Till salió en titulares nacionales e internacionales.  Cincuenta mil personas negras asistieron a su funeral en Chicago.Su madre exigió que se abriera el ataúd para que todo el mundo pudiera ver la cara irreconocible y mutilada de su hijo debido a la salvaje golpiza con la culata de una pistola de calibre .45.Roy Bryant y J.W. Milam fueron absueltos por un jurado blanco después de solo cinco días de testimonios.  Cuatro meses después, Bryant y Milam, sabiendo que legalmente no podían ser juzgados, admitieron en un artículo de la revista Look que habían asesinado a Till.Menos de cinco años después de este linchamiento, estudiantes universitarios negras/os comenzaron heroicas sentadas en mostradores de almuerzo contra la segregación en Woolworth y otras tiendas.Como Christopher Benson, co-autor del libro “Muerte de la inocencia” dijo sobre el asesinato de Till en una entrevista: “Antes de Trayvon Martin, antes de Michael Brown, antes de Tamir Rice, estuvo Emmett Till.  Esta fue la primera historia de “Vidas Negras Importan”.  No es de extrañar entonces que cada vez que leemos acerca de otro joven negro desarmado ha sido matado en la calle — injustamente — por una figura de autoridad, se menciona el nombre de Emmett”.  (New York Times, 31 de agosto)Y ¿qué con los cientos de Emmett Tills anónimos que perdieron la vida durante el Huracán Katrina hace 10 años en lo que hoy conocemos fue la inundación planificada del barrio negro (Ninth Ward) con diques deteriorados, y los homicidios policiales de negros que intentaban escapar de la inundación de Nueva Orleáns?  Cientos de miles de gente negra hasta hoy en día han sido desplazadas de forma permanente después de Katrina mientras Nueva Orleáns sigue aburguesándose por los grandes intereses de bienes raíces para traer de vuelta a blancos ricos y prósperos.  También hay los Emmett Tills que viven en un infierno en vida, ya que languidecen bajo la encarcelación en masa.El linchamiento de Emmett Till nos recuerda a todas/os que la verdadera justicia para Till y otras víctimas que vinieron antes y después de él, solo puede ocurrir con una eliminación revolucionaria del sistema capitalista que perpetúa diariamente el racismo sistémico.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Calls for all pubs to reopen next week

first_img Calls for all pubs to reopen next week Previous articleTánaiste under fire for being ‘out of touch’ with border communitiesNext articleFunding ring-fenced to progress new Buncrana leisure centre News Highland There are calls for all pubs to reopen when Covid 19 restrictions begin to ease next week. The Vintners Federation of Ireland feels it’s safer for people to socialise in controlled settings as opposed to their homes.It’s believed pubs that serve food will be allowed reopen in a few weeks but wet pubs may not open for the rest of the year.Padraig Cribben from the VFI says it makes no sense.Audio Player Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNews Google+ Important message for people attending LUH’s INR clinic Derry draw with Pats: Higgins & Thomson Reaction By News Highland – November 26, 2020 Twitter Facebook WhatsApp News, Sport and Obituaries on Monday May 24th center_img Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ WhatsApp Pinterest FT Report: Derry City 2 St Pats 2 DL Debate – 24/05/21 Twitter Facebook Arranmore progress and potential flagged as population growslast_img read more

The Closing: Glenn Sanford

first_img Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Glenn Sanford (Photo courtesy of eXp Realty)Glenn Sanford built a multibillion-dollar residential brokerage in his own, untethered image. Sanford, a former top producer at Keller Williams, founded eXp Realty in 2009 with the ambition to build the first fully virtual brokerage of scale. A few years later, he crisscrossed the U.S. in a 43-foot Winnebago to build his agent army, selling them on the promise of technology and incentivizing them to bring others to his ranks. eXp exists only in the cloud, and agents use avatars to interact in a Sims-like world. While other firms are still developing end-to-end platforms, eXp already offers a full set of digital tools to list, market and sell homes. The pandemic supercharged one of the most explosive growth stories in residential brokerage. In 2020, eXp swelled to 50,000 agents and generated a record $31 million in profits. eXp World Holdings — which owns the brokerage and VR platform Virbela — saw its stock shoot up 9x over the past year, giving it a market cap of $5.4 billion and landing Sanford, a three-time college dropout, on Forbes’ billionaires list. Critics say eXp attracts agents with high commission splits and a revenue-sharing program that prioritizes recruiting new agents over selling real estate. But Sanford argues that his model is the fairest way to scale a business. One of “the most democratic ways of distributing income and equity,” he said, is “by sharing it with the people who are actually on the ground doing the work.”Born: October 15, 1966Lives: Pacific NorthwestHometown: Alberta, Canada; Oklahoma CityFamily: In a relationship with Debbie Biery; Divorced with two daughters (ages 25 and 27)Where did you grow up? I was born in Alberta and moved to British Columbia when I was three. We lived there until I was 13. My dad and uncle sold a cereal manufacturing business to Kellogg’s in 1978. My dad had been investing in the oil and gas business, so he decided moving to Oklahoma was a good idea. We moved initially to Oklahoma City, then about 45 minutes outside the city, to a dirt road community where we were at least 2 miles in any direction from paved roads. What were you like as a kid? We moved quite a bit, so I wouldn’t say that I had a lot of really deep friendships. But I really enjoyed things like computers, chess and long-distance running. On some level, I think, it allowed me to be a better entrepreneur over time because I was less concerned about what people thought … I was able to approach entrepreneurship with more of a creative bent to satisfy my needs and try things out. I’ve seen a newspaper clip from when you were 15 and developed accounting software for local businesses. What seeded that interest in technology? I recognized that anything repetitive could be done with a computer rather than by a person. It was something that stuck with me — recognizing that the personal computer was something that could be leveraged. I did a little bit of keyboarding while I was at university. It was back in the days when you could go to an Apple user group meeting and meet all these eclectic computer enthusiasts from different walks of life and trade software.  You didn’t finish school. I was in and out of university, and it never quite stuck. But I went three times. I didn’t think much of geography, American history and all those other courses like psychology … I almost walked out the first time. The second time, I got distracted because I kept starting new businesses, including becoming a stockbroker. I think I ran out of money and moved back in with my parents. The third time, I just didn’t want to do the hours left in my degree.What was your first job? I had the obligatory paper route back when I was 11 or 12. When I was 15, I was doing software development work. The summer I graduated high school, I did landscaping. I worked at a number of Taco Bells. When I was in the first year of university, I sold cars. When I dropped out the first time, I was selling Kirby vacuum cleaners door to door. I cut my teeth on sales there. Eventually I [was] the top salesperson, until I found I was selling them for about $1,000 and my boss was buying them for $200. I couldn’t sell another Kirby vacuum cleaner because all of a sudden the value wasn’t there any more.How did you get into real estate? When I got into the business in 2002, I was $40,000 more in debt than I’d been before I started my previous startups. I ended up working for a local Realtor on his website. He thought I should become a real estate agent. I said, “OK, but I’m not going to approach my friends and family to buy real estate. I’m going to build this online and work the leads.” I ended up doing phenomenally well. In 2004, I went to Keller Williams and was there for three years. Lead generation, and helping agents convert those leads into closed transactions, was a sweet spot for me. What happened when the financial crisis hit? In 2007, we decided to break out of Keller Williams to start our own brokerage. By the second half of 2008, we had to get rid of some offices in a hurry just to be able to stay afloat. We raised a little bit of money and went back to the drawing board. We got to the point where we recognized that high-speed internet was pretty ubiquitous, so [we said], “Why don’t we start the real estate brokerage that so many of the industry pundits and futurists have been talking about?” In 2015, you drove a Winnebago across 26 states in 10 months to pitch eXp to agents. I’m all about science experiments. In 2009, one was, “How do we build a real estate brokerage without physical bricks and mortar?” But it was really a timing thing. Our lease was coming up on the house we were in. We had flown 56 times in 2014. So the idea was, “Why don’t we just take our house with us, and let’s start to see a bit of the country. Let’s meet some of our agents.” We also thought it would make a good story — offering a company that runs 100 percent virtually and doing it without actually going to a physical office. Where do you live now? We have a condo [in Blaine, Washington] and a boat that I’m sitting on. Though at the end of the year, we were actually in an RV, so we’ve got a pretty mobile lifestyle. I’ve been in meetings all day in our virtual office, and I’ve been doing it from the boat.You took eXp public in 2013 via reverse merger with a Canadian penny stock company, way before the current SPAC craze. In 1988 or 1989, my dad helped about 10 or 12 companies become public through reverse mergers. I would sometimes help in terms of investor relations, or do some other work behind the scenes. I always wanted agents to be shareholders of eXp. At the time, there were significant limitations in the ability to actually have nonaccredited shareholders as part of your company. I had somebody I had known for quite a number of years who wanted to do a “shell deal.” He and I got together and said, “Hey, this makes a lot of sense. Let’s see if we can do this, because this would solve for helping our agents be shareholders.” eXp has a revenue-sharing program for agents based on their ability to recruit others. Critics have called it a pyramid scheme. There are a lot of people who don’t like alternative ways to handle compensation, because it competes with the more traditional business approach. Historically, the wealth of companies has been limited to a handful of large, elite shareholders. When you look at some of the fastest-growing companies, they broke into those industries with a network marketing compensation plan.What do you think of the current SPAC frenzy? It’s a really interesting approach to becoming public, because [with] the IPO process, you have to really be on the inside track with the right investment bank and everything’s got to be positioned really well. The amount of brain damage that it takes to go through that whole cycle doesn’t make as much sense as if there’s a company that comes with $200 million or $500 million of capital that’s looking for a project. I don’t think [though] that SPACs can be a long-term viable vehicle, because the quality of investments will go down and then the returns will start to really hurt shareholders. You debuted on the Forbes billionaires list this month. What does success mean to you? It’s never really been about wealth. I’ve got a couple toys that I probably would have no matter what. I always want to work on things that are interesting to me. I never expected to even be remotely close to being a billionaire. It was never on my bucket list. It’s more about having the freedom to be able to do things that I like to do when I’d like to do that. I think eXp created more millionaires in the residential real estate industry — at least on paper — than any other real estate brokerage. I consider that to be more of a measure of success.You’ve described eXp as a “bread-and-butter” brokerage, with average price points of $350,000. But that’s the part of the market most threatened by technology and iBuyers. Are you concerned your agents may go the way of travel agents? Not yet. iBuyers have not seen a down market yet. We saw a little bit of this last year [at the height of the pandemic] when the iBuyers basically quit buying homes. And yet agents continued to list and sell homes and continued to do the work that was necessary to keep the housing market running.Many brokerages claim to be tech-enabled. Is their tech really all that? Where does eXp fall? I would say that eXp is a hybrid. It’s a real estate brokerage that has certain tech enablement features. Where we really use technology is the disintermediation of bricks and mortar, rather than trying to go to a bunch of agents and saying, “Here’s a bunch of really cool technology tools that will help you do more business.” At the end of the day, an agent will have a hard time measuring whether they’ve gotten one additional transaction from that technology stack. And so that’s the part where I sort of scratch my head and go, “That sounds like smoke and mirrors, rather than true technology.”Has eXp finally won over skeptics of a cloud-based, avatar-using brokerage? I don’t think the avatar portion of the skepticism has entirely gone away. But the idea of a cloud-based brokerage is now recognized as a truly legitimate business whose time has come. We were simply the pioneers of that model. If you go out another 10 years, some 20 or 25 percent of agents will be connected to a brand or brokerage where the physical office isn’t even really in its current state. Who would you consider your biggest mentor? My dad was certainly my biggest mentor early on. I recognized that this thing called “business” provided a lifestyle that was a little bit different from those who had a traditional job. When I was young, we lived in a single-wide manufactured home and parked it in a trailer park in Abbotsford, British Columbia. So I always thought that it was riskier to take a job than it was to start a business. What are your hobbies? I get 15 to 30 miles of running in every week. And I’ve been enjoying boat ownership since 2017. I did judo from the time I was 17 — I like to do a little coaching when I can. I’m an introvert by nature, so I love going on long walks in the forest. Is there a single piece of advice you live by? The purpose of the business is to serve the needs of the owner. If more broker-owners truly designed their business to serve their needs as human beings, they can get some more of those benefits so that they can have the freedom and flexibility to actually live a life. And then another is my favorite Zig Ziglar quote: “You can get anything you want in life if you just help enough other people get what they want.” This content is for subscribers only.Subscribe Now Tags eXp realtyglenn sanfordResidential Real EstateSPACThe Closinglast_img read more