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Fancy smart locks marketed to Airbnb hosts permanently broken by software update

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The Internet of Things continues to amaze, but unfortunately for all the techno-utopians of the world, it’s for exactly the wrong reasons. 

The latest case study in why connecting every little thing to the internet might not be such a good idea is brought to us by Lockstate — a company that manufactures, among other things, a Wi-Fi enabled smart lock marketed to Airbnb hosts around the world. The device allows for keyless entry and remote monitoring, along with the charming ability to be remotely bricked.

And, surprise, that’s exactly what happened on Aug. 7 when Lockstate pushed an errant firmware update that left a number of its locks permanently busted. Whoops. Read more…

More about Technology, Internet, Internet Of Things, Iot, and Tech

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Obama’s Charlottesville response just became most-liked tweet in history

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Barack Obama may not be the president anymore but that’s not stopping him from making history.

In the wake of the deadly clash between neo-Nazi hate groups and protesters in Charlottesville, Virginia over the weekend, President Donald Trump’s usually eager Twitter fingers remained inactive for hours  while Obama rose to the challenge of addressing the nation.

Now, just days after the former president responded to the tragic violence with a powerful Nelson Mandela quote, his tweet has become the most-liked in history.

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8 athletic brands designing gym clothes that are nice enough to wear in public

The Insider Picks team writes about stuff we think you’ll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

RhoneIn the past, sports and athletic wear was mostly regarded as attire that should only be worn to the gym and other training sessions. 

Now, as trends shift toward comfort-driven style, sportswear brands are  more popular than ever for their clothing — even for non-athletes. 

With performance as the primary focus, athletic wear is naturally more comfortable than other articles of clothing like suits, button-down shirts, and even jeans.

In line with more and more people wearing athletic wear regularly, the style of clothing has evolved to be extremely fashionable and, in some cases, suitable for the office. 

Sportswear giants like Nike and Adidas, as well as several amazing startups like Rhone, Olivers Apparel, and Public Rec feature a variety of athletic wear that’ll keep you comfortable and looking good.

Whether you’re a true athlete or someone simply looking for a versatile clothes, athletic wear is where you should look.

Check out 7 of the best stylish athletic wear brands below.

Rhone

Rhone

Designed for the modern man, Rhone is one of the most versatile activewear brands around. They offer all kinds of tops, bottoms, and accessories that will perform well for your workouts and look great in the street. I’ve written about their Commuter Pants and tried a handful of other pieces, all of which are super high-quality.

Shop all items at Rhone now.

Public Rec

Public Rec

When it comes to athletic wear, T-shirts are a staple, and Public Rec makes one of the best I’ve tried. Made from a proprietary fabric blend of Pima cotton, Tencel, and spandex, the Go-To Tee is designed to wick moisture and never shrink, while staying soft and stretchy. 

T-shirts aren’t the only thing they’ve executed well. Last year, the startup company received so much praise for its All Day Everyday Pant, a pair of sweatpants nice enough to wear to the office, that it sold out and ended up with a 1200-person wait list for them.

Shop all items at Public Rec now.

Olivers Apparel

Olivers Apparel

Olivers Apparel came to life after a 2013 Kickstarter and has become one of the best brands for stylish athletic wear. If your sense of fashion is clean and simple, then Olivers is perfect for you. While many sportswear brands use bold colors and patterns on its gear, many of Olivers’ clothes use solid colors and logo-less designs. 

I recently tried the Terminal Tech Tee and All-Over Shorts and was impressed with their ability to keep me cool and dry. Both are made of stretchy materials that make for very comfortable clothes, no matter what your day entails. 

Shop all items at Olivers now.


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Business

18-year-old asks man for advice on her startup, he texts back sleazy messages

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It’s a sad state of affairs when a woman reaches out for career advice from an industry influencer, and instead finds herself on the receiving end of inappropriate messages. 

When 18-year-old Lydia Jones contacted a male entrepreneur for career advice, the conversation quickly took a handbrake turn into creepy territory. 

Jones’ says she wanted a steer on entering the tech scene in London as her start-up Trooops is based in the north of England and she’s found it “very hard” to find people “willing to help” with growth and funding in that area. Jones told Mashable she reached out to the man after seeing him post “numerous times” in the London Startup and Entrepreneurs Facebook group.  Read more…

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It really looks like we could get cell-connected Apple Watches later this year

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The rumor that the next Apple Watch will finally include cellular connectivity is gaining momentum, making it seem more likely that the company will introduce its first standalone wearable later this year.

The inclusion of an LTE chip was first suggested by noted insider Mark Gurman, and now, two more typically reliable sources have corroborated his original report with even more detail. 

KGI analyst Ming-Chi Kuo, who is one of the most respected Apple insiders in the industry, and CNBC both released predictions of their own. The reports both claim that Apple will bring a Watch to the market with LTE chips included, enabling users to get online without a connection to an iPhone to do things like download apps, stream music, and potentially even make calls. Read more…

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In India, an Uber for farm machinery aims to make a difference in rural areas

 Uber has inspired countless businesses to adopt its asset-light and on-demand approach to their industries. The examples are countless. Food delivery, dry cleaning, jet planes, home services rental bikes, or even phone chargers to name but a few — but how about farming equipment? That’s the case in India, where a startup called EM3 AgriServices is helping rural farmers literally… Read More

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Ryanair wants to limit airport drinking and morning pints before flying

FILE PHOTO: A Ryanair aircraft lands at Ciampino Airport in Rome, Italy December 24, 2016. REUTERS/Tony Gentile/File PhotoThomson Reuters

London (AFP) – Ryanair on Monday called for British airports to impose a two-drink limit on passengers and end boozing at breakfast time to help curb a rise in rowdy passengers.

The Irish no-frills airline wants airport bars and restaurants to check boarding passes and sell no more than two alcohol drinks per pass, in addition to stopping them selling any alcohol before 10:00am. 

Ryanair said its intervention came “in the wake of increased disruptive behaviour from passengers travelling from British airports”.

According to figures compiled by the BBC, there were 387 arrests for drunken behaviour at British airports or during flights, in the year up to February 2017.

There were 255 in the previous year, according to the BBC’s data, drawn from 18 out of 20 police forces whose region has a major airport.

“It’s completely unfair that airports can profit from the unlimited sale of alcohol to passengers and leave the airlines to deal with the safety consequences,” said Ryanair’s Kenny Jacobs.

The airline has not outlined plans to limit the sale of alcohol on board its own flights, although it has imposed restrictions on pre-purchased alcohol on certain routes from Britain. 

Ryanair passengers who pick up alcohol at Glasgow or Manchester airports before flying to the Spanish holiday destinations of Alicante or Ibiza are no longer allowed to bring the bottles on board.

Instead, their purchases have to be put in the hold.

Responding to the airport’s calls to toughen rules, British industry bodies said they had already introduced a code of conduct to prevent disruptive behaviour.

“Passengers should be aware that consequences of such behaviour could include losing a holiday because they are denied boarding through to fines, flight bans and prison sentences for the most serious offences,” said the joint statement by Airlines UK, the Airport Operators Association and the UK Travel Retail Forum.

NOW WATCH: We may have been wrong about ‘good’ cholesterol all this time

Business

Break The Glass Ceiling: 4 Asian Women Shaking Up Traditional Industries

We know the days when we are feeling low and a bit lost while we work towards our success. Here are some motivating thoughts from 4 Asian Women who are shaking up traditional industries: Esther Nguyen Before there was something like Spotify, people had a hard time getting access to their favourite music and other forms of media. With the help of the Internet, one can then explore the music downloading scene and even illegal downloading or piracy, but at the risk of getting different sorts of spams and viruses. Instead of a problem, however, Esther Nguyen saw this as an opportunity. Source: techinasia.cpm How she broke the glass ceiling  Nguyen was born to Vietnamese parents but was brought up in the United States. It was there that she delved into her first business venture, particularly selling cosmetics online, which did not work out. After that, she also explored green technology, but back then, investors were not very much interested in this either; little did she know then that her future success was in the combination of media and tech industries. After pursuing a law degree, she could not help but put her entrepreneurial skills to test once more. This

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Business

Your next Spotify suggestion could come from Facebook Messenger

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Facebook Messenger uses an AI assistant called ‘M’ to suggest Uber rides and remind you to pay a friend back. But M now has a new task — to suggest what music you should listen to on Spotify

M will step in with the suggestions when you mention related phrases in your conversations. Just type “play music” or “listen to music” or another variety of that. M will catch on and display “Find Music.”

The bot is even smart enough to ask if you want to listen to an artist just with the mention of their name. You don’t even have to type out anything about playing their songs for “Listen to Big Gigantic” prompt to come up. Read more…

More about Facebook, Music, Apps, Spotify, and Ai

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Obama responds to Charlottesville with one of the most liked tweets in history

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After a “Unite the Right” white supremacist rally in Charlottesville, Virginia, turned deadly on Saturday, former president Barack Obama reached out on Twitter to comfort Americans.

While President Trump was silent on the platform, refusing to address the violent clash between hate groups and protesters for hours, Obama shared a powerful message in the form of a Nelson Mandella quote about hate and the potential to love.

The first of Obama’s three tweets has since become the third most-liked tweet in history, according to Esquire

More about Twitter, Conversations, Politics, Donald Trump, and Barack Obama

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A comprehensive breakdown of Donald Trump’s absurd, unofficial 2020 campaign ad

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Donald Trump is barely seven months into his scandal-ridden first term as president and he’s already dropped a ludicrous ad that both makes the free press out to be an enemy of the American people and sets the stage for a 2020 reelection campaign.

Because what we really need is another reason to drink on Monday.

And this ad … hoo boy. 

It’s just 30 seconds long but, much like the Trump administration, it feels like it exists in a plane beyond our normal concept of time, where everything slows down and each moment feels like a fever dream that stretches into eternity. Read more…

More about Donald Trump, Press Freedom, 2020 Presidential Election, Business, and Politics

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Tiny ‘gym in a box’ wants you to get fit during your lunch break

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If you’ve been tempted to go for a short run during your lunch break, this new idea from Beijing might appeal to you.

24-hour “gyms in a box” have started popping up in China’s capital.

Most of the early versions appear to be air-conditioned, with a treadmill in its small 4 sqm (43 sqft) space, and a TV screen.

Image: weibo

Image: WEIBO

To use it, you can find one on its app, then unlock the door with a QR code.

It requires users put down a 99 yuan ($15) deposit, and the meter starts ticking at just 0.2 yuan ($0.03) per minute once you set foot inside, until you leave and lock the door behind you. Read more…

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Venezuela’s debt could be more powerful than protests in ousting the government

Nicolas MaduroREUTERS/Ueslei Marcelino

Caracas (AFP) – Venezuela might look bad right now with protests, scarce food and fraught political tensions. But it could soon get a lot worse, according to analysts, because of a debt emergency raising the specter of default.

Such a scenario would cut the oil-rich but cash-starved country off from capital markets. Lenders could seize assets — tankers, refineries, accounts — belonging to state oil company PDVSA. The humanitarian crisis could deepen as already limited imported essentials dry up completely and desperate citizens leave.

How close is Venezuela to defaulting on its debt, estimated at over $100 billion?

President Nicolas Maduro’s government has so far gone to extraordinary lengths to service it, prioritizing debt repayments over all else, including badly needed imports of food, medicine and other essentials.

But all-important oil production and revenues have been declining, and its currency reserves have shrunk to just $10 billion. Most of that is in gold, locked away in Caracas as security for loans.

October and November will be a crunch period. That’s when a hefty $3.8 billion in bond payments need to be paid by Venezuela and PDVSA.

Those amortizations “are a challenge, but the government likely will pay,” Andres Abadia, senior economist at Pantheon Macroeconomics looking at Latin American issues, said in a July briefing note.

Nevertheless, he said, Venezuela was running out of cash and “we expect the situation in Venezuela will get much worse.”

“The likelihood is rising that a deterioration of the current recession/near-hyperinflation economic scenario, and the political crisis, will trigger regime change,” he said.

Venezuela ProtestREUTERS/Andres Martinez Casares

Venezuela’s new assembly 

The legal credibility of Maduro’s regime in standing behind its IOUs has been put on the line by the election last month of a controversial new loyalist body, the Constituent Assembly, which has power over all branches of Venezuela’s government.

The United States — under whose laws Venezuela’s debt contracts are written — does not recognize the assembly. It calls it an “illegitimate” tool for Maduro’s “dictatorship” and has imposed sanctions on the president and some of the assembly’s members.

The assembly “aggravates the reputational risk that already exists on PDVSA and Venezuela bonds,” said Juan Carlos Rodado, head of Latin America Research at the Natixis investment bank in New York.

He noted that the leader of Venezuela’s opposition-controlled legislature has “warned a future government might not honor new debt issued later on.”

Many analysts say Venezuela’s only option is to renegotiate its debt repayments. But international rejection of the Constituent Assembly — also by the European Union — may prove an obstacle.   

“There is a growing consensus that Venezuela will not be able to persist for much longer with its policy of full external debt service,” wrote Lee Buchheit of the Cleary Gottlieb Steen & Hamilton law office in New York and G. Mitu Gulati of the Law School at Duke University in a joint paper.

“This implies a debt restructuring of some kind.” But holdout creditors would present “a serious, potentially a debilitating, legal risk,” they said.

Nicolas Maduro Xi JinpingAP Photo/Andy Wong, Pool

Credit from Russia and China 

The biggest lenders to Venezuela have been China and Russia, which together have an estimated exposure of around $50 billion.

China loaned around $60 billion to Venezuela between 2007 and 2014, to be repaid in oil, which was sold for around $100 a barrel at the time.

But with oil prices sinking below $50 since 2015 and Venezuela struggling to provide the production needed, Beijing quietly shut off the credit. 

It recouped some of what was lent, but is still owed “a great deal,” said Francisco Monaldi, an energy policy expert at Rice University’s Baker Institute in Texas and director of the Center for Energy and the Environment at the IESA business school in Caracas.

Venezuela “is sending 400 million barrels of oil a year to China to pay the debt — and that is less than what it should be paying because the Chinese gave it a grace period due to the low oil prices,” he told AFP.

Russia has been lending to Caracas since 2011, first with $2.8 billion in credit for Venezuela to buy anti-aircraft systems and other weapons, then since 2014 apparently through its state-controlled oil company Rosneft for at least $6 billion more.

As with China, some of that Rosneft debt is to be paid through oil shipments.

But Venezuela’s oil production has been falling for the past two years, with the number of its active oil rigs dropping from 75 to 49, according to Pantheon Macroeconomics.

Together with the low prices — and the 40 percent of output it ships to the United States, its biggest customer — it has made it difficult for Caracas to meet its commitments. 

Sceptical that it will keep up with its oil repayments, a former opposition Russian lawmaker, Dmitry Gudkov, wrote on his Facebook page that “investing in Venezuela is like hiding money in a burning house.” The only rationale was to prop up an ally, he said.

As collateral for the Russian credit, Venezuela put up 49.9 percent of Citgo, PDVSA’s US-based refinery and gas station subsidiary that Monaldi said was worth around $8 billion, “and it is in debt itself.”

If a default were to happen, Rosneft could take over Citgo — but that would likely fall foul of US sanctions on Russia.

“The US government will not be happy with the idea of having Rosneft taking control of a US-based refiner and fuel distributor,” said Rodado.

Business

How To Avoid Bankruptcy In Hong Kong Through The IVA

Dealing with Bankruptcy: Benefits of Using the IVA in Hong Kong Once you understand how it can ruin your life, you will find a way to learn how to avoid bankruptcy. The effects of bankruptcy in Hong Kong is not only limited to what it can do to your life. It can also endanger your family’s welfare and at the same time, compromise the bright future that you are dreaming of.   The truth is, it is quite simple for you to avoid bankruptcy. You simply have to learn how to manage your finances. As long as you develop the right habits that will help you balance your income, debt, and expenses, it should not take too much effort to keep yourself from filing a bankruptcy petition in your lifetime.   Of course, there are cases wherein life plays a cruel joke on you. There are times when people make all the right choices but still end up on the brink of bankruptcy. If you or a family member is disgnosed with a serious illness, mountains of medical bills can start to pile up. If you have to borrow money to pay it all off, that can quickly escalate into

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