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Game after game, LeBron James carried the Cavs against the Indiana Pacers, and the people at "Saturday Night Live" noticed.Boy, did they notice.In a skit that went unaired, "SNL" poked fun at "The Other Cavaliers" who will do anything for their fearless leader as long as it doesn't involve defense or scoring any points. Anything? Yep. From giving LeBron a high-five to holding his several cell phones, his teammates are always there when he needs them, unless it's for something important.In the show's defense, the sketch was probably written early in the week, before the Cavs went up 3-0 against the Raptors. 642
Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.According to Business Insider, MoviePass has also welcomed back service to a handful of AMC theaters in big cities, including San Diego.The service removed 10 of AMC's busiest locations from its app in January to take a "hard position" against theater chain. MoviePass has been seeking a a portion of concessions sales.WHY MOVIEFONE?So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.THREAT OF COMPETITIONPart of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 4118

FULLERTON (CNS) - Disneyland's economic impact has jumped by 50% since 2013, according to a Cal State Fullerton study released Friday.The theme park had an .5 billion impact on the region and created more than 78,000 jobs as of the most recent fiscal year, according to a study of October 2017 through September of last year. Disneyland visitors spent .5 billion at local businesses outside the theme park, the study showed."Tourism is one of the major and growing segments of the economy as consumers shift more of their spending to leisure activities," said one of the study's leaders, Anil Puril, director of the university's Woods Center for Economic Analysis and Forecasting."Disneyland Resort has shown phenomenal growth," Puri added. "Disneyland Resort also plays an important role in propelling the economy forward through programs like Disney Aspire, a free education program, and other programs offering skills for economic mobility and advancement."Since 2013, Disneyland's job rate has grown at a 7.2% average annually, which is higher than the general job growth of 2.3% in the region, the study showed. Of the 78,000 jobs created by the theme park, about 73% are in Orange County.Disneyland's workers, guests and the company's businesses generated nearly 0 million in annual state and local taxes, which is 6% higher than the average annual growth since 2013. Anaheim pocketed nearly 2 million in taxes. 1435
Global wildlife populations have fallen by 60% in just over four decades, as accelerating pollution, deforestation, climate change and other manmade factors have created a "mindblowing" crisis, the World Wildlife Fund has warned in a damning new report.The total numbers of more than 4,000 mammal, bird, fish, reptile and amphibian species declined rapidly between 1970 and 2014, the Living Planet Report 2018 says.Current rates of species extinction are now up to 1,000 times higher than before human involvement in animal ecosystems became a factor.The proportion of the planet's land that is free from human impact is projected to drop from a quarter to a tenth by 2050, as habitat removal, hunting, pollution, disease and climate change continue to spread, the organization added.The group has called for an international treaty, modeled on the Paris climate agreement, to be drafted to protect wildlife and reverse human impacts on nature.It warned that current efforts to protect the natural world are not keeping up with the speed of manmade destruction.The crisis is "unprecedented in its speed, in its scale and because it is single-handed," said Marco Lambertini, the WWF's director general. "It's mindblowing. ... We're talking about 40 years. It's not even a blink of an eye compared to the history of life on Earth.""Now that we have the power to control and even damage nature, we continue to (use) it as if we were the hunters and gatherers of 20,000 years ago, with the technology of the 21st century," he added. "We're still taking nature for granted, and it has to stop."WWF UK Chief Executive Tanya Steele added in a statement, "We are the first generation to know we are destroying our planet and the last one that can do anything about it."The report also found that 90% of seabirds have plastics in their stomachs, compared with 5% in 1960, while about half of the world's shallow-water corals have been lost in the past three decades.Animal life dropped the most rapidly in tropical areas of Latin America and the Caribbean, with an 89% fall in populations since 1970, while species that rely on freshwater habitats, like frogs and river fish, declined in population by 83%. 2205
General Electric is cutting its stock dividend for only the second time since the Great Depression.The company announced Monday that it will cut the dividend from 24 cents to 12 cents per share.GE is one of America's most widely held stocks, and countless shareholders, including retirees, rely on the dividend payments. But the company is under enormous pressure to restore investor confidence. The stock has lost a third of its value this year.The company also cut its dividend in 2009, during the Great Recession. But dividend cuts are rare these days. Many companies are increasing them because the U.S. economy is healthy and the stock market is booming.GE plans an update for investors Monday morning and is expected to detail a strategy to stabilize the company by slashing costs and selling more businesses.It has already gotten rid of its real estate portfolio, its dishwasher and appliance business, and media properties NBC and Universal Studios. More recently, it unloaded its water business and a unit that makes electrical equipment for utilities.Even the light bulb division is up for sale as part of GE's mission to focus on being a modern industrial company that sells things like jet engines, power plants and MRI machines.GE confirmed on Friday that job cuts, some of which have begun, are part of a previously announced plan to cut costs by billion. 1386
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