Showing posts with label Innovation. Show all posts
Showing posts with label Innovation. Show all posts

Friday, June 8, 2018

Over Half of American Households Rely Solely on Cell Phone Communication


Image result for landline phones being phased out

New technology is the way of the future. While some consumers choose to stick with old-fashioned versions of modernized innovations, the vast majority opt instead to implement the advancements as soon as they become available. One such technological innovation is the mobile telephone. Where people once had to use a payphone to make contact while outside of their home and office, remote communication has become a staple in pretty much every American's life. To that end, according to Tracey Lien's L.A. Times article, over half of the households in America have completely phased out landline telephones.

Landlines were once a valuable necessity in the home, and to this day still have a few benefits. However, they also have significant drawbacks, especially as technology becomes more interconnected in this day and age. In 2006, a survey was conducted that concluded that only about 16% of American households didn't have a landline connection. Since the advent of smartphones and other such devices, that statistic has climbed to 54% in the most recent survey. That number has continued to climb each year. In fact, some European countries have over 80% of households relying solely on wireless phone connectivity, so it is very likely that one day, it could reach 100% in most areas of the world.

Millennials especially have been the ones to push the cord-cutting trend. It's an economic choice. Basically, if they already have a cell phone line that they pay for each month, why would they make a second payment each month to have a phone line that isn't even accessible on the go? The logic isn't completely perfect, as landlines are very beneficial in emergency situations or during power outages. However, if it comes to hundreds of dollars per year in extra cost, many consumers opt to save money, even with the minimal cost to their peace of mind.

New renters or homeowners are choosing to cut costs wherever they can, whether by using video streaming platforms instead of cable or by cutting out the landline phone option. Landlines are more often targeted by telemarketers, and consumers (especially those of the younger demographics) tend to send messages more than speak on the phone anyway, so a landline becomes pretty much useless except in an emergency. 10 years ago, not having a landline was risky. Today, it still has a bit of inherent risk, but with the way technology has been advancing, the risk decreases exponentially each year. It is likely that landlines may one day be gone from homes completely, only present in places of business or governmental institutions.

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Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on Facebook, Twitter, LinkedIn, and Google+.
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Friday, May 18, 2018

Washington D.C. Public Transit System Purchases Fleet of 14 Proterra Electric Buses



Technological innovations in this day and age, especially those in the realm of transportation, have been focusing more and more on green energy. From Tesla's cars to Nikola Corp's trucks, many companies are trying to steadily phase out the necessity of fossil fuels for long-distance travel. The problem with that goal is that, at the moment, green energy sources and vehicles that utilize those types of energy tend to be more expensive. To that end, the companies that focus on electric vehicles usually need some sort of governmental relationship to get off the ground. With Tesla, customers were able to get government rebates/subsidies after purchasing cars like Tesla's Model 3. According to Russ Mitchell's L.A. Times article, Proterra (a manufacturer of electric buses) sold 14 of its vehicles to the Washington, D.C., Circulator transit system earlier this month.

The complete cost of those buses was not reported, but Proterra's buses are known to cost somewhere between $700,000 and $900,000 each, so it's likely that this purchase cost D.C. quite a bit. On the one hand, spending millions of dollars on electric buses may seem exorbitant, but to another perspective, the fleet of buses serves to show millions of diplomats and tourists from around the world that the United States is working on developing technology with lower environmental impacts and better user experience. Though nearly a million dollars per bus is a lot of money, Washington D.C. gets tens of thousands of tourists each day who use the bus system to visit the various landmarks and museums.

Although Proterra is based out of Northern California, the company has a factory on each coast: one in the City of Industry, California, and the other in Greenville, South Carolina. The South Carolina plant has a perfect location to be accessible to the nation's capital, while the California plant is right in the center of all kinds of innovation going on in the state. The East Coast side of the business puts it in the view of politicians and lobbyists who make the decisions regarding public transportation around the country, and the West Coast side of the business has been able to draw from engineers and manufacturers already in the area for work in the aerospace industry.

Proterra doesn't have a monopoly on electric buses, though. California's plethora of skilled workers has made the Los Angeles area a hub for the development of electric buses and other such vehicles. Another company, called BYD, which is based out of China, has a factory in Lancaster. According to their own numbers, BYD has sold at least 722 buses, while Proterra has sold over 546. For such a pricey commodity, both companies seem to be doing relatively well in an industry that is fairly new. Even some universities are switching their bus systems to electric ones. There's no way to tell for sure, but it seems like the trend of electric buses could really take off throughout the nation in the near future.

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Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on Facebook, Twitter, LinkedIn, and Google+.
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Friday, January 12, 2018

Verizon and AT&T Both Plan to Introduce 5G Internet This Year



It's only been about 20 years since cell phones started to become popular among the common person. At around the same time, the internet became a commodity many people had in their homes. Yet, even though the history of both technologies is so recent, you would be hard-pressed to walk down any street in this day and age and not see someone surfing the internet from their cell phone. Smartphones have pervaded our society, providing entertainment, convenience, and connectivity to pretty much everyone around the country. According to David Lazarus's L.A. Times article, the newest update, 5G wireless, is coming soon.

In Las Vegas this week, there was a huge tech show called CES (which used to stand for Consumer Electronics Show). Many new electronic devices were debuted to the public for the first time. From fitness wearables to computers, tablets, and smartphones, the latest in tech was there for visitors to check out. One of the main innovations that is drawing major interest is that of the newest level of high-speed wireless internet: 5G. Both AT&T and Verizon Wireless, two of the top mobile phone providers in the world, have announced that they will be making 5G mobile internet available in several major cities, including Sacramento, before the end of the year.

For people who download or stream a lot of material on their phone, 5G seems like it will be exactly what they need. The 5G connections are expected to be much faster than the current standard 4G ones, and the connections will be far more reliable and less prone to lag. On the other hand, there are also some downsides to the faster connection. It is probable that the 5G connectivity will require that the user purchase a new phone, one that is designed specifically to use 5G. Additionally, the monthly cell phone bill will probably be significantly higher, and analysts believe that most average users won't need so much speed anyway.

Currently, mainly users who play a lot of high-bandwidth games or those who download large, high-definition movie would benefit the most from a 5G connection, but technologists expect that developers will rise to the occasion. Once 5G becomes commonplace, 4K video streaming, driverless vehicles, and immersive virtual reality are likely to follow quickly. 5G could unlock untold innovations of the future. Unfortunately, that path is likely to be expensive. Economic analysts expect the development of 5G to cost hundreds of billions of dollars, and those costs will be pushed onto the consumer with higher cell phone plan costs, but to many, the better internet connection is well worth a higher bill each month.

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Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on Facebook, Twitter, LinkedIn, and Google+.
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Friday, August 11, 2017

Scam Uses Stolen Credit Card Data to Illegally Resell Gasoline



Improvements in technology are great in many ways. They save money, make life more convenient, and help people to do good in the world. However, technological advancement can often have drawbacks as well. One of the main issues in recent years is the average criminal's increasing ability to get away with financial crimes. The more technologically advanced something is, the more opportunities there are for criminals to hack in or scam people. According to an article by the Associated Press of the Los Angeles Times, one of the latest scams involves using stolen credit card information to resell gasoline on the black market.

The first part of the scam involves attaching 3D-printed credit card "skimmers" to ATMs or other credit card readers, such as those at gas stations. When someone swipes their card through the skimmer without realizing that it's not actually part of the machine, it records the credit card's data for the scammer's use. Then, the scammer is able to transfer the information to a fake card later, which they can use to make purchases. As devices get more advanced and criminals become more tech-savvy, the crimes continue to increase.

Once they have the counterfeit cards with someone else's data on it, the thieves go to gas stations with specially-designed trucks with hidden fuel tanks that can hundreds of gallons of gasoline. Then, they go off and empty the fuel from the trucks into 4,500-gallon industrial tankers. Finally, the tankers turn around and sell the gasoline back to the gas stations or to people on construction sites or to truckers looking to get a discount. Even the smallest gangs of criminals can steal thousands of dollars per day in gasoline, which can be more profitable with fewer risks than other money-making scams.

These types of crimes started sometime around 2006 when the skimmer technology was first developed. Since then, thieves have been using the strategy more and more, mainly in populous states with many busy interstates, such as California, Florida, and Texas. At first, law enforcement did little to combat these crimes, since they were only targeting a couple hundred dollars per transaction. It was seen as a "victimless crime," because the targets could dispute the charges on their credit card statements and generally get the money back. Because of the "slap-on-the-wrist" view of this type of crime, more and more thieves joined up, to the extent that some gangs are making up to $20 million per year off of stolen gasoline.

Because this is a financial crime, the US Secret Service is  involved and is investigating various gangs of criminals, shutting down these groups when they can, and are working on instituting tougher laws to dissuade other criminals from going after the "low-hanging fruit." Gas stations are also looking into installing devices on their pumps that shut the machine down if it is tampered with. Generally, everyone should just be on alert and do what they can to avoid being targeted by a similar scam. Be careful when using your credit card somewhere you don't trust, and if something looks suspicious, you should report it to the authorities.

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Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on Facebook, Twitter, LinkedIn, and Google+.
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