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We are all impressionable to fads. Keep in mind fidget spinners? Simply a couple of years back, these toys ended up being a craze virtually overnight. Forbes once called them “the must-have workplace toys for 2017”, and at one point they were so popular that giant corporations like Toys R Us needed to airfreight 10s of thousands of them to their various places simply to hardly fulfill consumer need. However it didn’t take long for the novelty to lose its edge.
Fidget spinners as soon as represented 17 percent of online toy sales, but there’s no longer a location for them in the market. The target group that as soon as asked to own a fidget spinner have carried on because they’re ruled out ‘cool’ any longer.
Fads burn intense. Entrepreneurs frequently chase after these short lived patterns because they’re ensured to make a quick buck. Trends don’t burn long. They’re all flash and no substance, so these endeavors are generally brief. Do not fall into the senseless cycle of constructing an organisation on the coattails of a pattern understanding it will inevitably fail and you’ll need to pick up, carry on to the next trend, and be destined repeat this pattern permanently.
Be a leader in your industry, not a follower. When you start any organisation, you bet with your future. However when you chase after trends, you put everything at danger for simply a few months or– if you’re lucky– years of success. This isn’t sustainable, and it triggers you to forget the most crucial focus of your service: the worth of your clients, and the value you provide to your consumers.
Fads are unpredictable, value isn’t. Rather of chasing ephemeral success, pour your time, energy, and passion into establishing and promoting what you want your legacy to be. If you keep these two things in mind, you’ll become the industry leader that everyone else wishes to replicate.
Be a problem-solver, not a copycat
Consumer buying habits might be ever-changing and market stability might be unreliable, however worth will constantly be essential. Since entrepreneurs are esteemed for being visionaries, individuals believe it’s uncomplicated for them to beget success because they can forecast future patterns– however trends are unforeseeable.
Instead, business end up being family names due to the fact that their whole mission is developed around providing worth to their customer base. They solve an issue that exists in the market and, as an outcome, cement themselves as market leaders. Apple is a fantastic example of this.
Steve Jobs didn’t take a gamble when he created the iPhone. He knew what the industry was lacking and pictured a smartphone device that would solve for those insufficiencies. Prior to the iPhone was announced, there were already 22 million mobile phones being sold around the world Nokia, BlackBerry, Motorola, and Sony Ericsson were the market leaders; Apple was the beginner.
Everyone predicted the iPhone would tumble and waited with bated breath for news of its failure. It didn’t. It was revolutionary. Walter Mossberg wrote in The Wall Street Journal that it was “a gorgeous and advancement handheld computer … [that] sets a new bar for the smart-phone market.” What Jobs did was intentional and purposeful. The iPhone offered value to customers that no other mobile phone device did at the time.
If Jobs would’ve imitated what Nokia and BlackBerry were doing, they most likely would’ve done well for themselves for a couple of months, however they wouldn’t have the 100- million person client base they do today. Jobs gave customers a gadget that featured design and user components they’ve never ever had before. The aesthetic and user-friendliness of the iPhone set a new precedence for the whole smartphone market.
Trends can infect the market
Beyond being short-lived, trends can likewise have destructive consequences on entire industries. I own a nutritional supplement company, which is an industry where the barrier to entry can be fairly low. For a relatively small quantity of money, nearly anyone can begin selling items essentially overnight. And for this reason, individuals often enter into the supplement company for all the wrong reasons.
When a get-rich-quick approach to organisation is someone’s primary inspiration and their customers are second, it leads to painful behaviors and actions that erode a customer’s trust in supplements entirely.
Take what’s currently happening with the CBD craze. I believe that CBD provides some engaging health benefits to individuals, but there are currently more concerns than answers. Who does it assist? The length of time till you experience benefits? How much is excessive? While scientists believe CBD can suppress swelling, decrease stress and anxiety, and alleviate discomfort, these advantages have yet to be shown by scientific research study
However, the “gold rush” is on and CBD is handling lots of sizes and shapes. It remains in tablets, gummies, cookies, drinks, skin care, food, and lots of other items. I’ve seen it promoted for nearly every health concern imaginable. What problems me is that it ends up being difficult for consumers to different truth from fiction, which might taint the marketplace before we learn the who, what, where, when, and how of CBD.
Consumers can become jaded by initial-experiences-gone-wrong and swear off supplements permanently when the issue wasn’t the supplements themselves, but the way they were marketed. I’m using CBD as an example, however this phenomenon plays out too often in my market. At NatureCity, we remain true to science and only use ingredients that have been scientifically-backed by released research study in peer-reviewed journals. We provide full openness about our dietary supplements to our customers, but all it takes is one bad egg to destroy the trust and respectability of a whole industry.
Customers should always be more valuable than your sales. Their needs should precede, and this must inform your whole company objective– from the items you develop to your marketing technique and all over in-between. It’s impossible to build a business without a mission, and that mission should always be offering worth to your consumers.
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Erin reveals overscheduled, overwhelmed females how to do less so that they can attain more. Conventional performance books– composed by males– barely touch the tangle of cultural pressures that ladies feel when dealing with down a to-do list. How to Get Sh t Done will teach you how to zero in on the three areas of your life where you wish to excel, and then it will show you how to off-load, contract out, or simply stop offering a damn about the rest.
On December 30, 2019, Congress passed the Further Consolidated Appropriations Act of 2020, which was later on accompanied by a Joint Explanatory Declaration, directing the FDA to perform a tasting study of the existing CBD marketplace to identify the degree to which products are mislabeled or adulterated. Last week, the FDA fulfilled its responsibility by sent the asked for report
Sadly, the report fails to adequately react to Congress’ demand to solve the proliferation of poorly identified and risky CBD products in the United States. The FDA shared the outcomes of a short-term tasting research study it performed in the past six months, the firm ultimately confessed this data might not be used to draw definitive conclusions on the state of the market.
For the past 18 months, the hemp-derived CBD market has consistently stressed the requirement to manage these items to ensure quality control. The FDA has restricted its participation to releasing warning letters to CBD companies making outright, unsubstantiated medical claims about their items.
In spite of the fact that the agency “recognizes the considerable public interest in CBD items,” the report concludes that the FDA is not yet in a position to manage these items and guarantee public security provided the minimal amount of data readily available for these items.
This conclusion is annoying since the FDA is indicating an issue just it can fix. While the rulemaking procedure can be tiresome and lengthy, it does not discharge the FDA for months of inactiveness on CBD-related problems.
For instance, the agency could have released informal assistance– company advice that influences controlled entities but does not bring the force and result of law– to CBD manufacturers and distributors instead of providing broadly prepared Frequently Asked Questions that leave readers with more concerns than responses. Throughout the years, the FDA has pertained to adopt informal assistance as its primary method of policy making. This nonbinding, casual process enables the FDA to efficiently release resources while keeping administrative versatility.
Moreover, by delaying its rulemaking procedure and restricting its enforcement actions to issuing cautioning letters, the FDA seems to have developed the issue it is now attending to in the report.
Back in 2018, Pediatric Neurology Briefs published a short article entitled Inadequate Regulation Contributes to Mislabeled Online Cannabidiol Products, which concluded:
In general, the results of this research study are an essential contribution to the growing proof that online CBD products have a high rate of mislabeling. There is potential for unfavorable events by having higher CBD concentrations than anticipated, resulting in changing serum antiepileptic levels.
As this peer-reviewed short article recommends, up until the FDA begins controling CBD products, the expansion of incorrectly labeled and unsafe products will continue.
In concluding the report, the firm described it is planning a long-term sampling study that will be carried out by a 3rd party, using the same method adopted in the short-term sampling study. The FDA anticipates the long-lasting sampling research study to be initiated this year however provides no info as to the date of conclusion. This lack of specificity concerning the research study’s timeline suggests that the company is not close to executing meaningful reforms surrounding CBD items.
As was revealed again in this report, the FDA’s sluggish technique to sculpting a genuine legal pathway for CBD products is not tenable. By failing to expeditiously serve its administrative functions, the FDA is more rejecting U.S. hemp farmers access to profitable markets for their crops, is avoiding the CBD market from following its course and succeeding, and is jeopardizing the very job with which the agency is responsible: to secure public health and safety.
Nathalie Bougenies practices in the Portland office of Harris Bricken and was named a “2019 Increasing Star” by Super Lawyers Publication, an honor bestowed on only 2.5%of qualified Oregon attorneys. Nathalie’s practice focuses on the regulatory framework of hemp-derived CBD (” hemp CBD”) products. She is an authority on FDA enforcement, Food, Drug & Cosmetic Act and other laws and regulations surrounding hemp and hemp CBD products.
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1 in 3 young adults are vulnerable to severe coronavirus infections, a new study suggests. Smoking could be to blame.
- One in three young adults have at least one risk factor that could result in severe COVID-19 infections, a new study found.
- The researchers determined that smoking was the most prevalent risk factor for people in their late teens and 20s.
- Other factors like underlying diseases or genetic differences could also put young people at risk of severe infection.
- Visit Business Insider’s homepage for more stories.
It’s become almost common knowledge that young people are less vulnerable to severe coronavirus infections.
Adults from 18 to 49 made up around 25% of hospitalized coronavirus patients in March, whereas those 65 and older represented around 43%, according to the Centers for Disease Control and Prevention. Adults 18 to 44 years old made up just 2% of coronavirus deaths from February to May, while people 65 and above represented nearly 80%.
But certain factors that can put anyone at risk of serious illness, regardless of age. A new study from researchers at the University of California, San Francisco determined that one in three young adults ages 18 to 25 are vulnerable to severe COVID-19 cases.
Patients were considered vulnerable if they had least one risk factor, including a smoking habit or chronic illness like heart disease, diabetes, asthma, obesity, autoimmune disease, or liver problems.
The researchers discovered that smoking was by far the most prevalent risk factor for people in their late teens and 20s. Of the roughly 8,400 young adults in the study, around 25% said they had smoked tobacco, e-cigarettes, or cigars in the last 30 days.
By contrast, only about 16% reported having a chronic illness. Asthma was by far the most common: Around 9% of young adults reported that they were asthmatic. That’s compared to around 12% who said they’d smoked tobacco in the last 30 days and around 7% who said they’d used e-cigarettes.
“The risk of being medically vulnerable is halved when smokers, including e-cigarette users, are removed from the sample,” the researchers wrote. Only about one in six young adults who didn’t smoke were vulnerable to severe COVID-19 illness, the study found.
The findings came just days after the World Health Organization warned about the link between smoking and severe coronavirus cases.
“Smoking kills 8 million people a year, but if users need more motivation to kick the habit, the pandemic provides the right incentive,” WHO director-general Tedros Adhanom Ghebreyesus said at a press briefing on Friday. “Evidence reveals that smokers are more vulnerable than non-smokers to developing a severe case of COVID-19.”
Smoking habits differ among men and women
The UCSF study found that the risk of severe coronavirus infections from smoking or e-cigarette use was highest among young, white males with lower incomes who were uninsured for at least part of the year.
Research has shown that white people are more likely to be daily smokers compared to other racial groups, though people of color face other coronavirus risk factors that weren’t included in the study. Black and Hispanic people, for instance, are more likely to hold service-industry jobs that increase their risk of coronavirus exposure. The results may also be skewed by the fact that the study examined far more white adults (55%) than Hispanic (22%) or Black (13%) adults.
Around 16% of the young adults who reported smoking in the study were men. Only 9% were young women.
But women in the study had higher rates of asthma and autoimmune conditions like lupus or rheumatoid arthritis. On the whole, that mostly offset the fact that fewer women smoke: 30% of young women in the study were vulnerable to severe COVID-19 infections compared to 33% of young men.
Genetic factors could also increase the risk severe infection
Since the coronavirus attacks the respiratory system first, patients who already suffer from smoking-related lung damage or inflammation could develop more severe respiratory problems as a result of COVID-19.
Research also suggests that smokers have higher expressions of ACE-2 receptors — the cell receptors that the coronavirus uses to invade the body — in their airways. People with more ACE2 receptors seem to have a higher risk of severe COVID-19 infection as well.
But even young patients without a smoking habit or underlying health conditions could still be at risk of a serious case of COVID-19. People ages 18 to 29 make up more than four times as many coronavirus hospitalizations as they did a few months ago: around 38 hospitalizations out of every 100,000 people as of July 4, compared to nine hospitalizations out of every 100,000 people on April 18.
Some young, healthy patients have also reported feeling sick for several months, with lasting symptoms like chest pain and shortness of breath. That could be the result of genetic differences that result in a higher expression of ACE2 receptors or that trigger a more aggressive immune response.
But unlike many risk factors, smoking is one that can be prevented.
“Efforts to reduce smoking and e-cigarette use among young adults would likely reduce their medical vulnerability to severe illness,” the UCSF researchers wrote. Their findings, they added, underscore “the importance of smoking prevention and mitigation.”