WILMINGTON, MA — On Thursday, Middlesex District Attorney Marian Ryan announced that Jacob Strow, 22, of Wilmington, was recently indicted by a grand jury on charges of armed carjacking, armed assault with intent to rob a person over the age of 60, and assault and battery on an elderly person.Strow was arrested on the evening of October 7, 2018 in Tewksbury after he allegedly attempted to rob a man in the 7-Eleven parking lot on Main Street.“A man in his 60’s was sitting in his vehicle when he was approached by the suspect, who pointed a handgun at him and attempted to rob him and steal his vehicle,” reads a statement from the Tewksbury Police Department. “A fight ensued between the suspect and the victim. A passerby stopped to help the victim, which caused the suspect to flee on foot.”Wilmington Police assisted Tewksbury Police in locating Strow near the crime scene. Evidence was recovered during the arrest, including a pellet handgun that resembled a firearm.The Assistant District Attorney handling the case is Shannon Jurgens.Jacob StrowLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington Man Arrested For Armed Carjacking & Assault In TewksburyIn “Police Log”Middlesex District Attorney Marian Ryan Announces Grand Jury IndictmentsIn “Police Log”Middlesex DA: Wilmington Man Indicted For Attempted MurderIn “Government”
Is investing now a dirty word? And are young people today incapable of thinking for the long-term? I only ask these questions, as it is clear that millennials (today aged 16-35) have radically different saving behaviours from older generations, like Generation X or the so-called post-war baby boomers.The private bank UBS undertook a survey of the savings and investing habits of the millennial generation back in 2014, and revealed that this younger generation overwhelmingly prefer to keep their savings in cash (more than half of their total wealth) rather than in any form of longer-term investment (Chart 1).This tallies with the fact that UK home ownership in the 25-35 age group has nearly halved since 1991, from 66% back then to just 34% today. Clearly millennials, in most cases I am guessing including you reading this article, are not keen on locking up money for the long-term in shares, bonds or property, preferring the flexibility of cool hard cash.To some extent, this is understandable. Many millennials exit the education system with a hefty student loan on their backs, usually in the tens of thousands of pounds.Repayments on these loans then start once the magic figure of an annual Â£21,000 income is reached, at a rate of 15% of your monthly salary deducted at source at each month-end, before it even gets as far as your bank account. No wonder it is difficult to think about taking on another big loan in the form of a mortgage, in order to buy your own first home.But cash is no longer kingThe major problem with this savings strategy is that cash savings just dont earn like they used to, in this world of zero interest-rate policies of central banks like the Bank of England.If anything, these ultra-low interest rates should be encouraging people to borrow more, as money is effectively very cheap versus history.Just look at how savings rates in instant-access bank and building society accounts have crashed over the last couple of decades. Back at the beginning of the 1990s, you could get a double-digit interest rate on your cash savings (Chart 2).But today, the best instant access savings rate you can get on the High Street is offered by the Nationwide building society, a paltry 1.1% (in a cash ISA account). Yes it is possible to get a little more, but only by agreeing to lock up your money for a year or longer, thus forgoing a lot of flexibility.So the old financial maxim that cash is king no longer seems to be true.New, online but higher-risk investment options attract millennialsNew online forms of higher-risk investment have tended to appeal to the under-35 age group, such as crowdfunding (think websites such as kickstarter.com) and peer-to-peer lending offering higher interest rates than cash savings (such as Zopa, Funding Circle and Ratesetter).Yes, higher interest rates may be possible via these routes; but do millennial savers really understand the full extent of the far higher risks they are taking in these investment vehicles?I personally remain sceptical of these forms of online investment, which may seem seductive, but savers would always do well to remember the phrase that, there is no free lunch in investing.So yes, you may well get a higher interest rate over time, but only by risking losing some or all of that money.Financial Services companies struggle to reach millennialsClearly, the financial services industry is struggling to convince millennials to put their savings in investments that could, over a period of years, grow a lot faster than cash savings.I think that one of the main problems is that asset management companies simply do not speak the right language to this younger, internet-savvy and somewhat cynical generation.Easy ways for millennials to invest in stocks and bondsI am a big fan of keeping forms of investment as simple as possible. One online investment website that does this admirably is Nutmeg, a so-called robo-adviser.This website allows you to invest as little as Â£500 in an ISA (or other savings accounts) and choose a level of investment risk that you are comfortable with.Nutmeg will take this risk level and then do the work of choosing a number of different low-cost investments in shares and bonds (via exchange traded funds), thus freeing you from having to make the choice of which investments to put your savings in.Other similar simple online investment websites targeted at millennials include Money On Toast, Wealth Horizon and Fiver A Day.
Listen at WEAA Live Stream: http://amber.streamguys.com.4020/live.m3u From 5-7 P.M. National politics with political strategist Catalina Byrd and commentator Sean Breeze, including the Khan family versus Donald Trump, latest presidential polls and Donald Trump Jr., in Philadelphia backing the flying of the Confederate flag. Plus, an interview with Baltimore police commissioner, Kevin Davis. These stories and much more on AFRO’s First Edition with Sean Yoes .
Technology researchers are working on something big: a device that combines a digital screen and camera to analyze your physical characteristics and play back personalized advertisements. It isn’t ready for market yet; but, when it finally is, it could revolutionize the way businesses reach out to their consumers.Here’s how it would work. When shoppers pause in front of a monitor, a computer reads their sex, age, race and expression to gauge interest levels, and then decides the best commercial to play. If the person turns or looks away, the device attempts to draw attention back to the screen–perhaps the music will suddenly crescendo–and the customer will see a different product the computer thinks may be of interest based on the information gleaned earlier.Spearheading the project, called “Targeted Advertising Based on Audience Natural Response,” or TABANAR (thankfully) for short, is NICTA, an information and communication technology center established by the Australian government. According to Glenn Downey, NICTA’s commercialization manager, progress depends on how quickly researchers can develop sophisticated ways to identify emotional cues from facial expressions. She says a breakthrough would represent a transition from dynamic to responsive technologies. “Next generation technology will react to interest levels and shift content accordingly.”What’s Available Now?TABANAR is a work-in-progress, but there are existing technologies that businesses use to get a read on what customers are thinking.For example, mining video for customer data is gaining popularity. Rajeev Sharma, founder of Pennsylvania-based VideoMining Corporation, created the company in 2000 to meet demand for retail intelligence revealed through image recognition software. In VideoMining’s client stores, feeds from security cameras are sent to a main computer, which extrapolates information on everything from what products people are looking at to how long they stand in front of a particular display.The business applications are clear. “The store design and merchandising would be fairly critical for all business owners, and there’s a growing interest in video mining because everyone is trying to compete, small or big, and trying to differentiate their stores,” Sharma says. With this kind of feedback, store owners can assess the effectiveness of a display and alter the design of the store to maximize sales.In one grocery store, Sharma recalls, they discovered there were too many product types in the juice section. “Ten percent of shoppers spent 90 seconds in front of the display before leaving without buying anything. We pinpointed that people must be overwhelmed by products. They responded by reducing the number and organizing it better. It worked.”Right now, VideoMining’s clients are mainly large chains and consumer brand companies, but, Sharma says, any business with a storefront can benefit from a better understanding of consumer shopping behavior. And services are more affordable than you might think, given that the biggest cost is usually outfitting the hardware.The company is also beginning to offer clients real-time measurements on an analytics website. “Just like an online business gets immediate feedback on the number of hits, we can do the same with different displays in a bricks-and-mortar store,” Sharma says. “This way, retailers can change displays quickly and experiment to find out what works best for their individual needs.”Merchandising firm YCD Multimedia is rolling out a digital media platform featuring video screens that play advertisements related to what people put in their shopping carts at points of sale. For instance, at the cash register at Aroma Espresso Bar (one of YCD’s clients), a woman buying a coffee might see a commercial for a scone on the monitor.CEO Barry Salzman believes the retail environment of the future will integrate the ability to measure which promotions are working and which ones aren’t with the ability to act upon this information immediately. YCD’s platform allows retailers to cheaply measure, in real time, the performance of marketing campaigns and concept testing. This, he says, unlocks a realm of possibilities for retailers to try things depending on time of day and location. “Our clients can log onto our analytics website and see that promotion X got put up in a particular aisle at noon, and at 12:15, what’s happening at the cash register.”Salzman adds that the initial capital investment that scares people away saves them money–and increases sales–in the end. “Once you get the system in place, you push a button and get everything at a minimal cost,” he says. “It will replace the waste of shipping and having to change posters and other static materials that may be outdated by the time you get relevant sales data.”A Look InsideWhile Sharma and Salzman are decoding consumer behavior by observation, neuromarketing expert Martin Lindstrom is doing so by reading shoppers’ minds–literally.In his book Buyology, Lindstrom describes the findings of a three-year, $7 million study that examined subconscious shopping behavior using brain-mapping techniques. “We know that 85 percent of every purchasing decision . . . is made in the unconscious part of the brain,” he says. “Now we can access this using fMRI and EEG scans [of the brain].” One aspect of his research measured how different regions in the brain reacted (or didn’t) to certain advertising-related stimuli, including sound, smells and visuals.Turns out, the sense of sound makes the biggest emotional impact, followed by smell and then sight. “If you expose people to sound, all five sensory regions are activated, which means that sound has much more influence on our mood, on our choice of brands and our emotional engagement than visuals.”These findings have several practical applications. First, Lindstrom says, companies should leverage the internet’s sound capabilities. Less than one percent of business home pages use sound. He suggests that even something simple–like a short tune when a credit card is processing, or an introductory theme at log-on–works to get people into a certain mindset when thinking about a brand.It’s also important to make sure advertisements are placed in the right context. “If you’re watching or listening to a dramatic, fast-paced program, a commercial break featuring Dove beauty soap will be forgotten,” Lindstrom says. “If the brain can’t figure out how it fits with the storyline, it will literally delete it.” So even if you’re using a great advertising medium, an ad appearing at the wrong moment negates all the benefits.Another interesting discovery was that people subconsciously purchase more expensive brands when others are around. “If they’re totally alone, people are more likely to buy generics,” Lindstrom says, adding that designing a more open space with lower aisles can also deter theft.Now we know that store design can influence what people buy, he says. And as brain-scanning technologies become increasingly portable, with studies done in real shopping environments, the results will yield further insights.Reading AheadGiven the trajectory, Guy Hagen, president of technology consulting firm Innovation Insight, reflects that as these technologies are refined, the pool from which to extract market intelligence will grow enormously. “The demographic data we can get right now is important, but if we could access data on expressions and attitudes, that takes things to the next level,” he says, which could open up all consumer-generated video and photographic footage to piece together a larger picture. “We would have richer information, and more of it.”And although privacy issues will certainly arise, Hagen thinks that is also part of the natural process. “Research has shown that in general, people will put up with privacy invasions if they get enough benefits from it.”One thing, however, is clear: With next-generation advertising technology, you may not be able to read your customers’ minds, but you can get pretty close. Register Now » Opinions expressed by Entrepreneur contributors are their own. May 18, 2009 7 min read Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box.
6 min read Headlines are full of cybersecurity breaches, and big businesses like Google and Facebook are some of the latest to fall victim to outside attacks. A vulnerability in Google+ is at least partially responsible for the company’s decision to shut down the platform for good, and a recent breach of Facebook’s network security may have compromised the personal information of almost 50 million users.Of course, for such enormous companies, a breach is an embarrassing blip on the radar. Google is mostly terminating its social platform because no one uses it (the company reported that 90 percent of user sessions last less than five seconds), and the even the notorious Cambridge Analytica scandal cost Facebook a mere $644,000 in fines imposed by British regulators — peanuts for a company bringing in almost $100,000 in revenue every minute. But what would a $600,000 fine do to your small businesses?Related: The Dos and Don’ts of Cyber Security Measures to Help You Protect Your Business and AssetsFace it: Small businesses like yours lack the resources to make data breaches disappear. Not only can fines and fees put you out of business, but the loss in customer trust after a breach can lead to increased levels of churn that you aren’t prepared to handle. According to the National Cyber Security Alliance, 60 percent of small businesses are forced to close their doors less than six months after a cyberattack. To protect your business and prevent it from becoming another statistic, follow these four steps:1. Recognize that you’re a target.Many small business owners enjoy a false sense of security, assuming they’re too small to attract the attention of hackers. The problem is, hackers are no longer an elite few. The dark web — the area of the internet accessible only through special software such as the Tor browser — has made powerful hacking tools available to anyone with a few hundred dollars and a few hours to spare. According to Verizon’s 2018 Data Breach Investigations Report, small businesses account for 58 percent of malware attack victims. And the Ponemon Institute found in its 2017 State of Cybersecurity in Small & Medium-Sized Businesses report that cyberattacks on small businesses have increased in recent years, affecting 61 percent of SMBs in 2017, up from 55 percent in 2016.While it might be more difficult for these hackers to break into the network of a financial institution or a large tech company, it’s easy for them to attack small businesses with ransomware or steal customer information and sell it on the dark web. You might not have been in danger when hacking required rare skills, but in the current climate you’re the ideal target, so recognize that you should prepare accordingly.Related: Here’s Why Companies Can’t Dismiss the Rising Need for Cyber Security2. Do your due diligence in security practices.When it comes to data breaches, it’s more a question of “when” than “if,” because attempts to compromise your systems cost hackers virtually nothing and all it takes for them to strike it rich is one successful effort against a lucrative target. With 86 percent of North American chief information security officers describing data breaches as “inevitable,” according to a Kaspersky Lab survey, you should expect to be hacked at some point. Therefore, you should have a system in place to deal with the consequences of that attack quickly and effectively in order to safeguard your business and your customers. Part of surviving an attack is your business’s story of effort: You want to demonstrate that you had the appropriate protections in place.Implement a password policy and a security monitoring policy, perform firewall updates, conduct regular penetration testing and create an incident response plan. Nothing will protect you completely, but you can still institute some practical measures that are affordable for even small businesses. If you can show customers you were actively taking measures to protect them, they will be far more understanding in the event of a breach. But if your cybersecurity strategy involves crossing your fingers and hoping for the best, they’ll abandon you in droves — and rightfully so.3. Train your employees continuously.Even if you lived in a perfect world and had a fortune to spend on sophisticated cyber-defense systems, your data still wouldn’t be totally protected. Even big corporations with massive cybersecurity budgets get hacked because their employees are human and therefore prone to making mistakes and being fooled.Your employees are the most vulnerable part of your business from a cybersecurity standpoint, so train them to be more vigilant, especially around more common internal sources of security breaches such as email. Teach employees to recognize phishing attempts and more sophisticated spear-phishing emails and to delete any messages they have any doubts about. Set times for them to update their web browsers and operating systems in order to maintain the latest security software. To help minimize their odds of failure, invest in a good spam filter. According to Webroot’s SMB Cybersecurity Preparedness report published in June, nearly all businesses train employees on cybersecurity best practices, but fewer than half maintain that training continuously, which leaves room for error. Education on security practices must extend to all employees and must be ongoing in order to be effective.Related: 5 Cybersecurity Tools Your Company Should Have4. Use systems that are easy and ongoing.In Webroot’s survey of 600 IT decision makers at SMBs in the Australia, the U.S. and the U.K., only about one-fifth said their businesses were ready to manage IT threats by themselves. Running a small business is highly demanding, so implementing cybersecurity measures in-house often proves to be too much work on top of that.So many SMBs find that the best course of action is hiring a third party to regularly audit their defenses and conduct training, freeing up any in-house IT or tech talent to create new solutions for the business. Having professionals conduct training and ensure the system’s security on an ongoing basis gives many businesses the peace of mind that they are proactively protecting customers’ data. Because every business transaction is built on a foundation of trust, this investment in security is seen as money well-spent.With security breaches occurring in every major industry on what feels like a daily basis, it’s possible to become desensitized to the severe consequences of a breach. As a small business owner, it’s important for you to realize that your business lacks the ability to recover from a breach in the way that larger corporations can. To protect yourself, follow the above steps and establish a capable line of defense. When the target is on your business’s back, you’ll be glad you did. Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals December 18, 2018 Opinions expressed by Entrepreneur contributors are their own. Register Now »