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In past posts, I have noted the criticism that civil recovery has been receiving in some of the mainstream media in the United Kingdom. However, just as has been the case in the U.S., the law is very clear on the statutory rights that retailers hold in using this process to help offset the costs of retail crime. Recently, The Parliamentary Under-Secretary of State for Justice, Mr Jonathan Djanogly, gave strong support for civil recovery on the floor of the House of Commons.
“Civil recovery is the legal means by which anyone who has suffered a financial loss due to the wrongful actions of someone else can seek appropriate compensation under civil law. Civil recovery schemes are used by many high-street retailers to deter shoplifting and recover from shoplifters the management, administration, security and surveillance costs incurred in dealing with the case, including the costs of the civil recovery action itself. That ambition is both understandable and justifiable. Shoplifting is not a victimless crime. Businesses employ civil recovery agents to recover through the civil courts often relatively low-value losses arising from, for example, shoplifting or employee theft. The alternative would be criminal proceedings rather than a suit, with the likelihood of a criminal record for the person being prosecuted.”
“Retailers have a clear legal right to recover the costs of goods that they lose as a result of crime. The Government recognise the appropriate and proportionate use of civil recovery as one option available to retailers for dealing with low-level criminal activity that also amounts to a civil wrong. We believe that civil recovery, when used proportionately, provides an effective response to low-value and often opportunistic crime that often involves teenagers and other vulnerable people.”
“Let me be clear that the Government are entirely satisfied that retailers have a legal right to recover the value of any goods lost or destroyed as a result of an individual’s actions. Defendants can go to their local CAB and receive advice about what to do with the claim. The Government accept that a retailer arguably has a legal right to recover any additional costs or losses directly caused as a result of dealing with a case. However, we appreciate that there is no statutory or other clear basis for setting the amounts of such costs or losses that can be recovered in an individual case. Therefore, the amount of money, if any, that a retailer can recover from an individual accused of low-level theft in respect of its wider costs is entirely a matter for the courts based on the circumstances and facts of the case.”
In the first prosecution under the United Kingdom’s Corporate Manslaughter law, a private company was held responsible for a “gross breach of duty of care” that resulted in the death of an employee.
The company involved, Cotswold Geotechnical Holdings, employs eight people. Its senior management consists of Peter Eaton, who is its sole director and major shareholder. He was charged with gross negligence manslaughter and a health and safety offense, but a judge ruled last year that he was too unwell to stand trial.
The prosecution contended that the employee was working in a dangerous trench because the company had failed to take all reasonably practical steps to protect him from working in that way. During the trial, it showed that the company’s health and safety policy document had been written by Eaton in 1992 and had not been updated since that time. It also showed that the company had been warned about allowing employees to enter unsupported pits in 2005.
To read more about this decision, click HERE.
“Networking” is a term that gets abused, misused, and is often misunderstood. But, networking, when done right and with purpose, can be a key business skill. “How Leaders Create and Use Networks” is a good piece on this from Harvard Business Review. In this article, three types of networking are identified – Operational, Personal, and Strategic. There were a couple of lines in there that I really liked…first, in regards to personal networking:
“We observed that once aspring leaders..awaken to the dangers of of an excessively internal focus, they begin to seek kindred spirits outside their organizations. Simultaneously, they become aware of the limitations of their social skills, such as a lack of knowledge about professional domains beyond their own, which makes it difficult for them to find common ground with people outside their usual circles.”
“Many of the managers we study question why they should spend precious time on an activity so indirectly related to the work at hand. Why widen one’s circle of casual acquantances when there isn’t time even for urgent tasks? The answer is that these contacts provide important referrals, information, and, often, development support such as coaching and mentoring.”
Second, in regards to the mindset of many managers:
“..we often hear, ‘That’s all well and good, but I already have a day job.’ Others..consider working through networks a way to rely on ‘whom you know’ rather than ‘what you know’ – a hypocritical, even unethical way to get things done. Whatever the reason, when aspiring leaders do not believe that networking is one of the most important requirements of their new jobs, they will not allocate enough time and effort to see it pay off.”
How do you view networking? Is it a “dirty word” or an essential business skill?
There is a good article over on The Economist, “Employer, beware,” about labor laws in Brazil and how onerous they can be to employers. According to the article “They are costly: redundancies “without just cause” attract a fine of 4% for the total amount the worker has ever earned, for example. (Neither a lazy employee nor a bankrupt employer constitutes just cause.)..In 2009, 2.1m Brazilians opened cases against their employers in the labour courts. These courts rarely side with employers.”
Ikea, the world’s biggest home-furnishings retailer, has been held up over the past few years as the model of a company that has opened in Russia while refusing to compromise their corporate standards on bribery and standards. But, apparently they’ve had enough. The company says it won’t build more stores outside the Moscow region until local officials stop withholding permission for two of their outlets due to Ikea’s refusal to pay bribes to safey inspectors.
Ikea’s experience is not unique. Carrefour, Wal-mart, Royal Dutch Shell, and Nestle SA have all faced trumped up government regulation according to the National Anti-Corruption Committee, a NGO based in Moscow. To read more, find the Bloomberg article here.
Recent trade talks with the Chinese government have put the issues of counterfeit and pirated goods back in the news. Last year, China launched a six month campaign focused on enforcement of intellectual property rights but U.S. officials want to establish benchmarks to better measure progress and enforcement. It seems that much of this attention is focused on technology products but retail products such as handbags, apparel, and DVD’s are still very much part of the mix. Here is an article from the Business Standard and an article from Market Watch on the trade talks and the underlying issues.
Meanwhile, back in the U.S., several high profile law enforcement raids show the goods have a steady demand from the buying public here. This article highlights a raid in Las Vegas that netted $350,000 in countfeit goods while this article reports a Los Angeles raid that seized over $4 million in counterfeit goods.
While this article specifically discusses “Privacy Awareness” programs, the points made are applicable to loss prevention, shrink, and safety campaigns. In working with companies on training and awareness campaigns, we have come into organizations and found they were previously falling into many of these traps. We especially think that problems #2 and #3 on this list are worth considering:
- #2 – Equating “campaign” with “program”
- #3 – Equating “awareness” with “training”
For a training & awareness campaign to be successful and produce results, it has to be well thought out and not simply a checkbox that is ticked off. You can read the full article here.
Canada’s two largest provinces now have laws requiring employers to seek to provide workplaces free of certain forms of “harassment”. No longer limited to human rights-related harassment, that term is broadly defined in these laws. Further, Ontario’s new law extends beyond “harassment”. It, like the federal law, also will require anti-violence policies and programs. These laws will apply regardless of whether a workplace has any prior history of such problems.
Ontario’s Bill 168, The Occupational Health and Safety Amendment Act will come into force in June 2010.
With Canada’s two largest provinces and the federal jurisdiction now having such laws, it may well be that other provinces and territories will soon follow. Read more here.
High unemployment. More people on food stamps. Fewer homeowners. Yet for all the signs of recession, one thing is missing: More crime.
Figures released Monday by the FBI show national declines in murder, car thefts and other crimes. But experts are scratching their heads over ebbing crime rates, which make this recession different from other economic downturns in the past half-century. Among the early guesses as to the reasons: jobless people being at home, where they can watch for thieves, and the American population getting older. Older people generally commit fewer crimes.
The FBI figures, preliminary tabulations from the first half of 2009, show crime falling across the country, even at a time of high unemployment, foreclosures and layoffs. Most surprisingly, murder and manslaughter were down 10 percent.
Wal-Mart Stores Inc. and other retailers are being told by the U.S. government to take greater precautions with their Black Friday shopping events to avoid a repeat of last year, when a worker was trampled by customers. Guidance from the Occupational Safety and Health Administration includes using a bullhorn to manage crowds, setting up barricades or rope lines and clearing the entrances of shopping carts and other potentially dangerous obstacles, according to a statement released by the agency. The National Retail Federation issued its own guidelines for its members earlier this month, and Bentonville, Ark.- based Walmart, the world’s largest retailer, is extending store hours to manage crowds. Read the article here.
This article takes a critical look at the business self-help genre and its visible “gurus.” According to the article, these writers tend to have three characteristics in common. Lousy leadership “gurus” are marked by a tendency to overstate the newness of their ideas, a fondness for naming “model” companies and a willingness to market various “tools” that purport to reduce leadership to a few easy steps. “If management could indeed be reduced to a few simple principles, then we would have no need for management thinkers,” the author writes.
While I would not dismiss their work out of hand, as this article does, it is an interesting phenomonen that business leaders flock to the same well-worn management principles time after time after time. It seems there is serious money to be made by taking a timeless principle and using a new metaphor. The more simplistic you make it, the better. If you write it as a parable (think Who Moved My Cheese) that is the best! Perhaps that is why you can find legions of folks who have read The One-Minute Manager but hardly a soul who has read Drucker’s The Effective Executive or The Practice of Management.
Read the full article at The Economist.
The Retail Council of Quebec reported Wednesday they are also increasingly victims of theft and fraud. In 2008 and so far this year, the province’s retail sector has registered economic losses of nearly $900 million – 84 per cent of that attributed to theft and fraud by staff, shoplifting and consumer fraud.
In a survey carried out for the council between July and August by geomarketer and retail researcher Altus Géocom, 54 per cent of the respondents (who represent approximately 162,000 employees working in more than 4,250 stores) reported a 10-per-cent increase in those incidents from 2007. Read full article here.
A manager’s genuine interest in employees’ lives pays off at every level, in every job
“One of the greatest causes of misery for employees is the feeling that the person they work for isn’t interested in who they are and what goes on in their lives, personally or professionally. Regardless of how much money people make and whether their jobs suit them, if they feel anonymous they’ll dread going to work—and return home deflated.”
Patick Lencioni has written a nice, straight to the point reminder for all of us about the important role an employee’s first line manager plays in their life. This is important for us to remember as managers, but also critical for us to remember in how it impacts shortage, safety habits, and engagement in the workplace. We can design every training and awareness program we can think of, but it all comes to nothing if not supported, reinforced, and breathed into life by our store management teams. Read the full article here.
Disagreement between merchants and banks over who should pay more for security is the biggest obstacle to implementing a chip and PIN payment card system in the United States. All electronic-payment participants concur that additional security is necessary, and this security should span from the card-issuing banks to the payment processors. “The question is, how much more fraud do the banks want to tolerate?” says Gartner Research analyst Avivah Litan. Nevertheless, Litan understands the U.S. resistance to a chip and PIN transition, given the enormous costs involved. The banking industry says it is willing to cover the cost of new cards, but it should be retailers’ responsibility to pay for new card-swipe terminals.
Read the full article here.
A couple who admitted on national TV last year to being professional shoplifters were arrested Friday at their Leslie Court home, federal officials said.
Laura and Matthew Eaton were arrested by federal authorities early Friday afternoon, said Greg Meyer, special agent in charge of the U.S. Secret Service’s San Diego office. The exact charges they face were not immediately available, he said.
The arrests came 10 months after the Eatons appeared on the “Dr. Phil” TV show and talked about making as much as $100,000 a year shoplifting, sometimes taking their three children on shoplifting trips. Read the full story here.
Twenty-two major retailers lost more than $6 billion to shoplifters and dishonest employees in 2008, according to the 21st Annual Retail Theft Survey conducted by Jack L. Hayes International, a loss-prevention consulting firm.
On the upside, a record 904,226 thieves were apprehended, up 7.26 percent from 2007. Of them, 832,106 were shoplifters and 72,120 were dishonest employees, the survey says.
That breaks down to one in every 30 employees being apprehended for theft from their employer in 2008, based on more 2.1 million employees.
The survey found that more than $182 million was recovered, up 21.64 percent from the previous year. More than $113 million was recovered from shoplifters, while $69.8 million was recovered from employees.
“With the downturn in the economy, we have seen an increase in theft, which is having a detrimental impact on retailers’ bottom-line profits,” says Mark Doyle, president of Jack L. Hayes International. “These theft losses drive consumer prices higher and can force unprofitable stores to close.”
The average theft in 2008 was $202.28, up from $178.37 a year earlier.
The 22 retail companies participating in the survey had 19,151 stores and more than $570 billion in retail sales as of 2008.
Today’s CNN.com homepage has the headline “Swine Flu could infect to half of population” as government agencies and the medical community work to increase awareness of the likely resurgence of H1N1 this Fall season. Is your business taking steps to prepare for this issue? Do you have a communication and education strategy in-place for your employees, contractors, and customers? Are you availing yourself to the tremendous number of resources availabe at www.flu.gov?
There are no “magic bullets” in dealing with H1N1. Yes, vaccinations should be available by mid-October but there could be significant spread of the flu by that time, especially with the return of children to schools. Even when vaccines are available, priority will be given to at-risk individuals first. In the meantime, routine and mundane steps like washing hands, covering coughs, and staying home when you are sick are the keys to prevention. Employers can help the process along with things like communication, sick leave provisions, and hand sanitizer programs.
The National Counter Terrorism Security Office in the U.K. is holding training days to help shopping centers prepare against terrorist attacks. “Crowded places, including shopping centers, are likely to feature in the attack plans of terrorist organizations in the future as they are usually locations with limited protective security measures and therefore afford the potential for mass fatalities and casualties,” it reported. Full article here..
From time to time, we post article links or commentary about general management skills and this short article from Talent Management is worth a read. Honest, candid feedback on performance is such an important baseline for effective management and yet most managers in the workplace struggle with it. Read the article here.
Here is a link to a good article in The Guardian, a British paper, about the use of data-mining in the fight against theft and fraud. Data-mining is a hot topic in the U.K. and Europe as it really started to blossom there about five years ago and I would say they are a few years behind the U.S. in the adoption curve but I’m still surprised how many companies here in the states haven’t implemented a robust data-mining program. Read the article here.
Here’s a link to a short column by Curtis Baillie about avoiding litigation in retail loss prevention. Of course, most of our focus is on avoiding a bad stop at all costs through training, detailed policy and procedures, and the application of the “five steps” (sometimes six, depending on the retailer). However, any of us who have been in this business for a long time, know that bad stops do occur. Baillie suggests that admitting our mistake and apologizing might be the easiest way to avoid a lawsuit.
To most companies, this seems counterintuitive as they try desperately to avoid any acknowledgment of the mistake. If they do make a statement that somewhat resembles an apology, it is usually in the form of “We regret that you had an experience in our store that did not meet your expectations..” or some other corporate gobbly-gook. But, an apology is sometimes the easiest way to end the incident without litigation. Check out Baillie’s column here.
This is just the type of case that makes retail companies concerned about online auction sites. Police in Portland, OR arrested a local woman and recovered approximately $100,000 in designer goods, mostly purses, from her home. Initial news reports allege this same woman is a “power seller” on ebay with a strong record of sales. Read the article here.
A good article from over at the BusinessWeek site citing research that found that communication overload causes a professional’s IQ to drop 10 percentage points. Our addiction to our emails, VM’s, text messages, tweets, Facebook and the like is dysfunctional on many levels, but perhaps none so insidious as growing inability to focus our undivided attention for more than a few minutes.
The issue used to be that when we were at home, we were thinking about what needed to be done at work and when we were working, we were thinking that we needed to be spending more time at home with the family. But, now we feel like we have to be everywhere, all the time! When we are on the cell phone, we are checking email. While reading email, our phone alerts us that we have a text message. When we are on Facebook, we feel like we need to keep tabs on LinkedIn and when we are at lunch with a colleague that we haven’t talked to for a few months, we are constantly checking our Blackberry.
Perhaps the future will belong to those who use all of these technologies but have the courage to do so on their own terms? Read the article here.
Around 60% of UK online retailers do not know whether they are in compliance with the Payment Card Industry Data Security Standard (PCI DSS), according to a survey from Sage Pay. Around two thirds of the 1000 SMEs polled by the security vendor say payment fraud remains one of the most daunting elements of running an online business.
In addition, only a small proportion of respondents could demonstrate a clear understanding of the financial risks and implications associated with conducting business online. Only 39% of retailers questioned actually understand the definition of PCI DSS compliance, while 65% do not believe that they are personally responsible for covering the implications of payments fraud committed on their site.


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PayPal, the leader in digital payments, has unveiled a groundbreaking innovation – PayPal USD (PYUSD) stablecoin – poised to revolutionize digital transactions. PYUSD, a fully regulated stablecoin, merges traditional fiat currency with the growing crypto realm, enabling seamless, secure, and efficient transactions.
Characterized by uncompromising regulation and comprehensive backing, PYUSD derives stability from U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents. This robust foundation positions it as a secure digital asset, well-suited for the evolving web3 landscape.PayPal USD (PYUSD) offers effortless transfers, person-to-person payments, in-app purchases, and cryptocurrency conversions, enhancing convenience and adaptability within digital transactions and web3 environments.
Dan Schulman, President and CEO of PayPal, emphasized the importance of stablecoins in the digital era. “The shift towards digital currencies necessitates a stable instrument that is both digitally native and seamlessly linked to fiat currency like the U.S. dollar,” Schulman remarked. PayPal’s extensive payments experience, coupled with its dedication to innovation and compliance, positions PayPal USD as a catalyst for propelling the growth of digital payments.
PYUSD operated as an ERC-20 token on the Ethereum blockchain, it taps into the expansive ecosystem of developers, wallets, and web3 applications. This integration clears the path for broader adoption across exchanges and digital platforms, enhancing its utility.
Furthermore, PayPal USD’s potential applications span various sectors, including virtual environments, international payments, remittances, and support for content creators. Its compatibility with web3-specific environments and future availability on Venmo underscore PayPal’s commitment to driving the adoption of digital assets.
Significantly, PayPal USD is issued by Paxos Trust Company, a fully licensed limited-purpose trust company under the regulatory oversight of the New York State Department of Financial Services. The coin’s reserves are fortified by robust assets, including U.S. dollar deposits, U.S. Treasuries, and cash equivalents.
As the digital payments landscape continues to evolve, PayPal’s introduction of PayPal USD marks a noteworthy leap towards fostering secure, efficient, and interconnected transactions in the web3 era.
On June 30, 2023, Mastercard announced the introduction of the Multi-Token Network (MTN), a blockchain-powered app store for regulated financial apps. Its aim was to enhance cross-border payments, rendering them faster and more cost-effective than traditional methods. This represents a major initiative for Mastercard in the realm of digital assets.

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The Chinese government banned video game consoles in 2000, citing fears over the effect that games could have on young players' mental and physical development. That could change at some point in the future, however, according to a government source that spoke to the state-run China Daily.
"We are reviewing the policy."
"We are reviewing the policy and have conducted some surveys and held discussions with other ministries on the possibility of opening up the game console market," said the source. "However, since the ban was issued by seven ministries more than a decade ago, we will need approval from all parties to lift it."
With the recent release of the Wii U and the expected launches of new PlayStation and Xbox systems later this year, the prospect of the world's most populous country joining the fray could have a significant impact on the global video game market. Games are popular in China, but since the ban went into effect, residents have largely had to rely on PCs, mobile devices, and less than legitimate measures.


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The MIQ security guard at the centre of our latest border outbreak avoided two appointments for Covid vaccination and lied about being tested.
The guard hadn't been tested since November last year and the authorities are now looking at whether he should face a penalty.
Prime Minister Jacinda Ardern told media he wasn't employed directly by the Government.
"They were employed by First Security. Their employer is responsible for making sure they are fulfilling the regulations that they are getting tested.
"We've been advised that, in this case, the individual was lying to his employer."
Her comments have prompted some backlash, with some concern that she is "punching down" by publicly shaming him.
It is also drawing comparisons to comments made during the February lockdown, where Ardern said a KFC worker who later tested positive for Covid-19 would have been told to self-isolate.
Meanwhile, Nike is now reselling returned sneakers at a discount in select stores in an effort to reduce waste.
Nike has announced an initiative where it accepts returned shoes that are gently worn or have a manufacturing flaw and cleans and sanitises them. The refurbished shoes are then resold in select stores at a reduced price.
The company said it's currently selling the returned shoes in eight Nike stores in the United States, with plans to expand to 15 locations by the end of April and several more by the end of the year.
Sustainability is a growing focus in the world of sportswear and the broader fashion industry, which is one of the biggest polluters on the planet.
Listen above as Jack Tame and Tim Wilson discuss the day's news with Heather du Plessis-Allan on The Huddle


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Dec 14 (Reuters) – Tesla Inc (TSLA.O) chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin for merchandise on a test basis.
“Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet.
Reporting by Nivedita Balu in Bengaluru; Editing by Krishna Chandra Eluri
Our Standards: The Thomson Reuters Trust Principles.


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The global poultry market is poised for a gradual improvement in the last quarter of 2023 and early 2024, following a period of sluggish growth, according to a report by Rabobank published on Tuesday. This anticipated recovery comes on the heels of lower feed costs, which are expected to stimulate market growth by making poultry more affordable and aiding the industry's recovery.
The analysts pointed out that after a period of slow poultry consumption growth due to a weak global economy and rising prices from cost increases, global demand has room for some recovery. "This is driven mainly by lower feed costs and, therefore, lower chicken prices," they explained. He further noted that poultry should be able to benefit from its relatively competitive pricing in many markets compared to other proteins like beef, pork, and alternative proteins.
Global trade volumes peaked in the first half of 2023, hitting a record-high 7.2 million metric tons. This surge was driven entirely by increased trade in raw poultry meat, while trade in processed poultry meat saw a significant drop. Amid more price-driven markets, consumers' product preferences are evolving, and this trend is predicted to continue into the second half of this year and into 2024.
Brazil, as a cost-price leader in raw chicken meat, benefited most from these bullish market conditions. The country expanded its exports by 16% in the first half of 2023 compared to the previous year, Mulder highlighted.
However, the industry faces challenges in the form of slow global economic growth, further declines in feed prices, and rising volatility risks due to avian influenza. Government interventions driven by food security concerns, geopolitics, and sustainability will continue to impact markets and create volatility in global trade.
Avian influenza is expected to remain a significant factor that could suddenly impact global markets, both from a local supply perspective and a trade perspective. "As avian influenza is now present in most regions, new outbreaks will occur frequently, which often means temporary restrictions on global trade and shifts in trade flows," the analysts warned.
They advised producers to maintain focus on the operational side. Despite expectations of slightly dropping feed prices, operational costs remain at historic highs, with risks of further volatility in grain prices due to El Niño, as well as energy prices and availability. "Ongoing leadership in terms of costs and procurement will remain key," they concluded.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Brick-Force Enters the Space Age
The new season of Brick-Force is coming this month, and Infernum has provided new details about the upcoming changes to the game. New extra-terrestrial levels allow players to adjust gravity, and place new, interactive blocks. Additional outfits with a futuristic flair, and new space weapons will be available, giving creative minds whole new opportunities to create a brand new world.
Interactive blocks such as launch pads are being introduced, along with several space themed decorations will be added during the month, so expect to see a whole lot of new maps soon!
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‘Buy more fruits and vegetables’: L.A.’s produce wholesalers are seeing a 90% drop in sales
Need a case of strawberries? How about blueberries? Raspberries? Mangoes?
Carlos Franco of Elias Produce has tons — literal tons — of fruit sitting in his walk-in cooler right now with no place to go.
The 29-year-old produce distributor is one of 88 vendors at the 7th Street Produce Market downtown who’ve seen an alarming drop in sales in the wake of the coronavirus pandemic, with many reporting declines of 90% or more.
“Before I might sell 20 cases of strawberries to a place each week,” Franco said. “Now I’m lucky if they order one or two.”
If you’re worried about coronavirus on fresh produce, you don’t need to be, especially if you follow these tips for washing fruits and vegetables.
A major hub for wholesale produce distribution across the region, the market’s largely Latino mom-and-pop vendors supply restaurants, food service companies, bakeries and small neighborhood markets throughout Southern California, the majority of which have drastically cut the amount of food they are ordering in the wake of the coronavirus pandemic and the ensuing closures.
“Never in my life have I seen it like this,” said Isias Franco, Carlo’s father, who has run the family’s produce stand since 1990. “The closest was after Sept. 11, but that was only for a few days.”
Around 6 a.m. last Thursday — a time when the 122-year-old market normally hums with activity, Franco said — many of the produce “swampers” who load and unload trucks were left with little to do, squatting on plastic crates and leaning on hand carts in the crisp, early-morning air. Most wore disposable gloves, with masks or bandannas pulled over their faces. Forklifts and freightliners sat idle.
Though some vendors said sales initially spiked as shoppers emptied shelves at grocery stores in preparation for the city’s “Safer at Home” ordinance, much of that demand was for dry items such as beans and rice. Fruits and vegetables, which make up a bulk of the market’s business, didn’t see much of a boost, then dropped off dramatically.
Adolfo Ponce, the owner of Ponce Produce, said that sales of avocados, usually one of his most popular items, are down 95%.
“It’s slow and scary right now,” Ponce said, adding that restaurants and small grocers make up the majority of his customers. “Some days I make $100. That’s not enough to pay one employee.”
The widespread drop in demand has rippled through the industry, creating a backlog of produce that has already been picked or will be soon. Carlos Franco said his father recently received a call from a produce broker in Ventura who had a truckload of just-picked strawberries but no one to buy them. He told Carlos’ father to name his price, any price.
“The problem is we’re trying to sell what we already have,” Carlos Franco said. “It will keep in cold storage for a while but not forever.”
Some vendors have attempted to market their produce directly to the public, even offering home delivery, with limited success. Franco and a business partner are transforming a food truck they run called Amazebowls, which usually sells frozen acai bowls, into a mobile produce market, in hopes they can move some product.
Managers say they’re adding more social distancing measures to ensure safe shopping amid coronavirus outbreak.
Jonathan Sanchez of Choppy Produce, which recently had boxes of citrus, melons, bananas and other fruits stacked in front of its narrow storefront, said he is selling his inventory for less than he paid.
“We’re going to close after we sell what we have,” Sanchez, who sells to restaurants, food trucks, street vendors and swap meets, said. “I had hoped people would buy more fruits and vegetables at home, but they’re already stocked up on food and not going out.”
Expiring produce is usually donated to food banks and local churches, Sanchez said, but lately he’s seen fewer volunteers arriving to make their daily pickups and most churches are closed.
David May, a spokesman for the Los Angeles Food Bank, said that after an initial drop in volunteers two weeks ago, the organization is now “seeing a steady flow of volunteers both on-site at our two distribution centers and off-site at distribution sites.”
Melissa Leon, who runs La Sucursal Produce with her older sister Alejandra, is concerned about the effect closures at the 7th Street market will have on their customers. “We have market owners who drive from all over on Fridays to pick up their weekly order,” she said. “If the places here close, it’s going to be harder for them to restock.”
So far La Sucursal, which specializes in Latino produce and ingredients, has had to throw away unsold huauzontle — a Mexican herb that is traditionally popular during Lent — that spoiled. “Nobody is sure how long they can last like this,” Leon said. Her sister nodded solemnly in agreement. “Está muerte,” she said. It’s dead.
As the end of the month looms, Carlos Franco says his customers, who are on a 21-day credit system, owe money, or will soon, despite little to no income trickling in.
“We understand the situation because it’s the same one we’re in,” Franco said. “The bills don’t stop on our end either. We’re already getting calls from our suppliers asking to be paid.”
Franco said that vendors have floated the idea of asking the produce market’s owners, Atlas Capital Group, to forgive next month’s rent, but no formal request had yet been made.
The L.A. Business Journal reported in 2016 that since Atlas Capital Group took ownership of the property in 2014, many tenants have seen their rent increase by 20 to 25 percent, and the length of their leases shortened.
“The crazy part of all this is that inventory is fine. The field workers are still picking, and they’re putting themselves at risk to keep us fed. But the rest of the system is at a standstill right now,” Franco said.
“If the shutdown continues for another month, I don’t want to imagine that. A lot of people are going to be out of a job.”
The 7th Street Produce Market is currently open to the public, Monday through Saturday from midnight to noon. Parking is available at ROW DTLA adjacent to the market.
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Steelworkers President: Workers Must Fight To Save Auto Industry, Manufacturing And To Reverse Trade Policies – 05/14/09
By Doug Cunningham
United Steelworkers President Leo Gerard is on a tour of more than 30 cities to drive home the point that manufacturing and the U.S. auto industry are vital to America. Gerard says the Obama administration must reverse trade policies that are eviscerating domestic manufacturing. Gerard says exporting jobs and closing auto plants with U.S. tax dollars is NOT the way to save the U.S. auto industry. And workers, he said, must fight back against it.
[Gerard]: “We’re not gonna stand around while Wall Street and incompetent management in the car industry destroy our kids’ future. We’re not gonna stand a round and let it happen without a fight. You’ve gotta be prepared to fight, you gotta be prepared to go in the streets, you gotta be prepared to drive to Washington, you gotta be prepared to block roads, you gotta be prepared to occupy plants.”


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A looming Walgreens development along Route 1 in Laurel will mean the closing of at least two popular restaurant locations and other businesses as early as November.
According to the Laurel Department of Community Planning and Business Services, construction is slated to begin this year on a Walgreens store near the 600 block of 2nd Street at the Route 1 and Route 198 intersection. The site is being developed by the Ohio-based Visconsi Companies.
The store’s construction would mean the demolition of the buildings that house the Irene’s Restaurant, Mango’s Grill, an Ace Cash Express store and a multistory office building. All businesses were told by the city they would have to relocate no later than late October.
Karl Brendle, director of Community Planning, told Laurel Patch that the city has reached out to the businesses to offer vacant spaces for them to relocate. So far only Mango's Grill has responded to the city's offer, Brendle said. The Ace Cash Express store is slated to move south along Route 1 near the Laurel Lakes area.
News of the closure of the restaurants' current locations was met with shock and disappointment by patrons.
Anne McCrea of Ellicot City, eating lunch with a friend last week at Mango’s Grill, said she’s been going to the restaurant for six years and had no idea it was closing.
“I don’t want the restaurant to move,” she said.
Ana Gladys Figueredo, owner of Mango’s, said she’s been in that location for seven years. She said she also didn’t want to move but was confident her restaurant's reputation for good food would mean her customers would find her elsewhere in the city—though she has not decided on a location.
Mango’s and Irene’s, both Spanish eateries, have remained popular attractions, with crowds converging on the Mango’s small space on weekends.
Figueredo confirmed that she and the other storeowners were given as late as October to vacate before the demolition.
“I’m very sad,” she said. “There is nothing we can do about it. I didn’t expect this to happen so soon."
The Walgreens store would sit two blocks from a 24-hour CVS drug store. Brendle said the city can’t tell developers what to build or where if they are in the correct zoning area. The city’s Planning Commission, however, did weigh in on the building’s design and was able to negotiate with the developer for a brick façade, among other features.
Plans will be shown at the commission's Sept. 12 meeting in the Laurel Municipal Center.
Messages left for Irene's Restaurant owners were not immediately returned.


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FRUIT lovers, listen up - peaches wearing KNICKERS are now a ‘thing’.
Many social media users will be familiar with the peach emoji, which is often used to represent an eye-pleasing buttocks…but now it seems mini peach ‘bottoms’ have stepped into reality.
The juicy fruits can be seen donning tiny pairs of pants while stacked on shelves in Qingdao, China.
Lovely grubCaterpillar on toast with algae anyone? We test seven weird foods to boost your health levels
No waste hereGreggs and M&S join the war on food waste by getting involved in 'community fridge' scheme
LATE-X RATEDThere’s a new flavoured condom hitting the shelves… and there’s every chance it’ll put you off sex
The cheeky produce was quick to catch the eye of passers-by who couldn’t resist a snap of the saucy sweet treat.
The ‘sexy peaches’ are dressed in colourful, hand-stitched briefs - with the price of the pants higher than that of the peaches.
Hmm, not sure we’re too peachy keen on these.
But this isn't the first time a normally innocent-looking fruit has taken a raunchy turn.
Sarah St. John, 36, has been harvesting her home-grown crop for the past few weeks in Wrexham, North Wales.
But she did a double-take when she spotted a particularly curvy three-inch fruit which is a ringer of the reality reality TV star’s famously-rounded backside.


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This week the folks at Amazon responsible for Alexa hardware dropped a massive number of devices on our heads, all at once. One of these was the 2018 edition of the Amazon Echo Plus. This device is an Echo with a smart home hub built in. Echo Plus 2018 has more powerful bass than before, according to Amazon, and there’s a temperature sensor inside, too.
The Echo Plus of 2018 was made to control the smart home at all times, even when the internet is down. This device has a new ability called “Local Voice Control” – that won’t necessarily be exclusive to this device, but it’ll launch here. With Local Voice Control, the Echo Plus will have a subset of Alexa controls at all times, even without internet.
Amazon Echo Plus will have a feature Amazon’s worked on recently called Frustration Free Setup. As it should have been in the first place, new Echo devices will have Zigbee Simple Setup, Wi-Fi Locker, and Wi-Fi Simple Setup. It’ll all be “as easy as plugging it in,” apparently. We’ll believe that when we see it.
Right this minute, smart devices of all sorts suffer from a malady of the opened package. It looks great, but most average citizens have a rough time setting new devices up – especially when they don’t have traditional user interfaces. Hopefully Amazon’s work here will help out, somewhat at least.
The Amazon Echo Plus 2018 will be released on preorder starting today. It’ll be shipping in all countries that already have Echo devices starting next month. The price for this new Amazon Echo Plus will be the same as the last one – approximately $150 USD.


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Investments PLC, which will have 20% of the shares of the company.
For the specialist in NFTs Mathilde Le Roy, founder of Kazoart, a market dedicated to contemporary art, the objective of such an experiment is twofold: “The initiative is aimed mainly at fans. They will be attracted by the ‘exclusive look, and not invest large amounts. But the project is primarily aimed at specialized blockchain investors. ” Because if the film works, the economic benefits will be certain for these investors, capable of investing larger amounts. “There is a call for investment by the new rich,” explains Perrine de Coëtlogon.
Cinema crowdfunding dates back to “the 1930s”
And to attract these investors, what better way to use the media’s own NFTs that invade all sectors and especially art? “There is undoubtedly some buzz, the word NFT is in,” admits Marc Durand, CEO of Kapart, a company that supports companies interested in blockchain technology. Mathilde Le Roy, who organized the first NFT sale in France through an online art gallery, describes the impact of such an initiative: “It is a new phenomenon that creates surprise, the unexpected.”
In fact, it is the NFT tag that aims to unite a specific community, adds Marc Durand. Because when you look at it, crowdfunding is nothing new in the world of the big screen. The specialist in film economics Frédéric Gimello-Mesplomb, a researcher at the University of Avignon, also finds examples of this throughout history: “In the 1930s, the filmmaker René Clair had already issued subscription guarantees to viewers And in the early 2010s, there were crowdfunding sites. “
But in addition to its media notoriety, financing by NFT differs from other types of crowdfunding or classic investment due to its direct nature. This makes it possible to ensure the transparency of the crowdfunding system, without an intermediary ”, such as a crowdfunding platform, or a bank, recalls Marc Durand. And the secure blockchain guarantees the inviolability of the NFT. Hence, “blockchain brings inherent fluidity and trust.”
Quentin Tarantino’s precedent
According to Niels Juul, the goal would also be to get away from Hollywood’s absolute dominance over the industry, which favors blockbusters and forces independent films into long years of production. A central argument for Stanislas Barthelemi, cryptocurrency and blockchain consultant at KPMG France: “The artistic options could be less limited, because NFTs constitute a kind of presale system.” Nuances of Mathilde Le Roy: “It is a market that does not favor little strangers. What creates the rating of an NFT is the communication around it.”
Niels Juul’s approach is far from isolated. Quentin Tarantino had wanted to organize an NFT sale in November 2021 that would give access to unselected scene sets from his cult film Pulp Fiction. The film’s production company at the time, Miramax, sued the director. For Frédéric Gimello-Mesplomb, professor of information and communication sciences, this case reveals a property rights problem hidden by NFTs: “By selling them, we sell parts of the property of the film. But we are left in a gray area on the transmission of moral rights and copyright “.
If the phenomenon remains in its infancy, examples of NFT use are accumulating, especially on the side of the AMC and Sony studios. Holders of the 86,000 tickets for the new Spiderman, scheduled to launch on December 15, also received an NFT, in the form of a digital object, as a souvenir. Anthony Hopkins’ new film will be bought as NFT, Kevin Smith will sell his next film to an investor as a single token, and Warner will market NFT with characters from the Matrix.
A French producer specialized in cryptocurrencies.
So what is the reason for such insanity? Frédéric Gimello-Mesplomb explains: “Since the pandemic, few cinemas have opened, sales are lower and therefore there are fewer resources for producers to edit new films. 11% of a cinema is used for the production of new movies. Here, we have to find money elsewhere. “
This is the same observation made by the production company La Diversité du cinéma français. Launched by Sarah Lelouch, daughter of the director and sponsor of the Claude Lelouch initiative, it will offer interested parties, starting in January 2022, to invest in a cryptocurrency, the Klapcoin, created for the occasion. The investments will be reused to finance a catalog of French cinema films selected by a committee of experts, and more specifically their development phase (script writing, casting, budgeting).
The objective: to raise a maximum of 8 million euros, without being in crowdfunding, “which is like a donation”, according to Joël Girod, the other managing director of the company, nor to resort to companies to finance the film and the audiovisual . industry, which cannot invest below 5,000 euros. Interesting for investors, according to Joël Girod? The possibility of speculation and the community dimension: tokens that give access to various advantages.
Could cryptocurrency, thanks to its fungible nature, develop faster than NFTs in the movies? Ideas for the future of their currency, the two partners are certainly not lacking: “In the long term, if it works, we will go beyond supporting the development phase. The Klapcoin could also become a trading currency among film professionals. One you can imagine paying for a camera at Klapcoin. ” Cryptocurrency or NFT, blockchains have not finished stimulating film professionals.
Obstacles to the development of NFT
Use NFTs as assets to invest in a film production? The idea is attractive, but, underlines Stanislas Berthelemi, cryptocurrency and blockchain consultant at KPMG France, legal barriers limit the access of the general public to this category of NFT: “Those who invest in this type of security must be accredited. that the person can invest. “Another obstacle for these NFTs close to assets: due to their specificity, it is difficult to speculate and develop a secondary market on them, according to the expert.
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Calling all geeks: SolarWinds challenges you to turn hungry holidays into happy holidays.
December 1, 2010 § Leave a comment
SolarWinds has teamed up with the Food Bank to help feed families in need this holiday season. In addition to underwriting the fundraising campaign, “Turning Hungry Holidays into Happy Holidays,” SolarWinds employees donated more than $13,000 in cash and food during a two-week period in late October and early November. But then we decided to take it a step further and issue a challenge to local tech companies and the greater community to make this our most successful food drive to date.
So far, Microsoft has stepped up and committed to taking the SolarWinds challenge.
Companies interested in joining the challenge can call Molly Robbins, Community Events Manager, at (512-684-2531) or email firstname.lastname@example.org, or visit the SolarWinds campaign webpage at http://www.solarwinds.com/donate/
“This year, the need in our community far exceeds what one company can tackle – and so we thought what better way to put Austin’s love of a little friendly competition to really good use. Regardless of who wins or loses, we want to ensure the Capital Area Food Bank of Texas, and our neighbors in need, benefits in a big way,” said Kevin Thompson, SolarWinds CEO. “The SolarWinds family exceeded its goal, but we’re anxious to see what Austin as a collective can do when put to the test.”
Get the story from the geeks who give:
SolarWinds (NYSE: SWI) provides powerful and affordable IT management software to more than 95,000 customers worldwide – from Fortune 500 enterprises to small businesses. We work to put our users first and remove the obstacles that have become “status quo” in traditional enterprise software. SolarWinds products are downloadable, easy to use and maintain, and provide the power, scale, and flexibility needed to address users’ management priorities. Our online user community, thwack, is a gathering-place where tens of thousands of IT pros solve problems, share technology, and participate in product development for all of SolarWinds’ products. Learn more today at http://www.solarwinds.com.


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Amazon.com recruits work campers to help with holiday rush
When the holiday shopping season ramps up, "work campers" move in around Amazon.com warehouses.
Seattle Times staff reporter
CAMPBELLSVILLE, Ky. — Each fall, Winnebagos, Airstreams and other recreational vehicles fill up the gravel lots across the highway from the Amazon.com distribution center in this small town.
The RVs are owned by "workampers," many of them retirees, drawn to Amazon's Campbellsville operation by the opportunity to work long hours filling customer orders through the peak holiday season.
Though a few said they needed the paycheck to meet their expenses, others said they show up as much for the camaraderie and discipline that comes from working in the warehouse.
"We could live on our retirement income, but I don't care to sit around and just go out with the ladies," said Judy Oeltjenbruns, who joined her husband, Larry, in a second season of warehouse work. "I would like to keep my mind and body active ... and hopefully stay a little bit younger."
The program started small here several years ago, and rapidly expanded as Amazon promoted it on websites catering to "workampers." Work campers also were recruited at Amazon distribution centers in Kansas and Nevada.
The company pay starts at about $10 an hour, plus campground fees. The presence of the work campers reflects the ongoing challenge of finding enough temporary workers to staff the peak holiday season, when Amazon's workforce in Campbellsville may more than double. Even when recruiting from a six-county area around the city, Amazon has had difficulty.
Before the arrival of work campers, Amazon bused in labor from more distant cities, such as Nashville.
But some of these workers caused problems with unruly behavior and petty crimes like shoplifting, said Pam Wethington, who worked for more than a decade at the warehouse.
By contrast, the "workampers" have been a boon to the town, spending money on gas, groceries and an occasional night out at a restaurant.
"This has been a success story," said Ron McMahan, executive director of TeamTaylor County, which promotes economic development in the area.
Hal Bernton: 206-464-2581 or email@example.com


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Thank you to all who visited the Coresoft stand at AuSAE’s ACE conference recently in Brisbane. The association industry has always been at the core of our business and we were thrilled to be part of a wonderful event that shines the spotlight on not-for-profits. The conference proved to be a great opportunity for our team to connect with industry colleagues and customers as well as meet new faces.
Coresoft is excited to announce the release of an integration that allows its membership software solution to effortlessly communicate with Moodle, one of the world’s most widely used online learning management platforms.
Coresoft announces a series of web-based Business Directory services it will offer to its customers. The Business Directory add-on is not a new concept but by integrating this to the Coresoft system, Coresoft customers can offer their members resource that will help generate income to the member and the parent organisation by providing sales leads and business development.
Sydney, Australia - Friedman Corporation (Friedman) a wholly-owned subsidiary of Constellation Software (TSX:CSU, Constellation), announced that its subsidiary Markinson Technologies Pty Ltd (Markinson) has completed the acquisition of Coresoft.


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BlackBerry has secured wealth management business Patersons Securities to its cloud-based security solution as the global firm continues to build a cybersecurity business.
With more than $13 billion dollars under management, an international client base, growing mobile workforce and changing compliance laws like Europe’s General Data Protection Regulation (GDPR), Patersons Security’s chief information officer Darren Michael said the business was looking to ensure security and confidentiality to its business.
“Our clients' data privacy is key. The consequences of a data breach could cost us millions in financial loss and reputation. We have been in business for over 115 years. Our longevity and success is due to the trust our clients have in us and reducing risk is our first concern,” Michael said.
The firm will use BlackBerry Workspaces to give its advisers full control over files, both internally among staff and when they are sent to clients outside the firewall.
It will also support the wealth manager’s move to going fully paperless in the onboarding of new clients.
“BlackBerry Workspaces will allow us to trace, track, and audit digital documents and information shared among staff and clients. This empowers our mobile employees to remain productive while ensuring a high level of data confidentiality in a complex regulatory environment,” he said.
“It’s also about efficiencies and making it easier for our clients.”
Michael acknowledged the challenges around third-party data breaches and added that BlackBerry’s solution will help mitigate such breaches, but the key was to choose a limited and quality number of vendors because “you can’t have data in many places because of that third-party issue”.
“Control and security is important in financial services. It is also making it a good and seamless experience for our clients and our staff."
The change agent
BlackBerry’s shift into cybersecurity was led by John Chen who took on the helm of the then embattled handset phone business in 2013.
“Most people know BlackBerry as a handset and phone business. In reality not much has changed. It’s now about building software not hardware to solve the same problems,” BlackBerry vice president of product management, Nigel Thompson said.
“Our customers still face the same problems around the ability to communicate securely through data sharing. Secure data collaboration is still part of the BlackBerry brand,” he said.
Through a series of acquisitions in 2015 led by Chan, who Thompson describes as the “change agent”, BlackBerry has increased its presence in cybersecurity software.
This included the acquisition of mobile security business Good Technology – which Thompson has worked for – WatchDox which rebranded to BlackBerry Workspaces and AtHoc. AtHoc provides emergency alerts during periods of crisis such as natural disasters.
The global firm's clients are in “highly regulated” sectors such as government and healthcare.
A number of global banks are among its clients. Locally, the Queensland Investment Corporation also uses its Workspaces solution,
“Financial services has always been our core customer base because of the high security and regulatory requirements. It’s a sector we continue to make big investments in.”


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Restoration Hardware (NYSE:RH) Price Target Increased to $175.00 by Analysts at Telsey Advisory Group
Restoration Hardware (NYSE:RH) had its price objective lifted by stock analysts at Telsey Advisory Group from $140.00 to $175.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 3.18% from the stock’s current price.
A number of other research firms have also recently issued reports on RH. Bank of America raised shares of Restoration Hardware from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $165.00 in a research report on Thursday, August 1st. Cowen reissued a “hold” rating and set a $120.00 price objective on shares of Restoration Hardware in a research report on Tuesday, June 18th. Zacks Investment Research raised shares of Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price objective on the stock in a research report on Friday, June 14th. Loop Capital increased their price objective on shares of Restoration Hardware to $160.00 and gave the stock an “average” rating in a research report on Thursday, September 5th. Finally, Citigroup increased their price objective on shares of Restoration Hardware from $148.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $157.86.
RH traded up $0.48 during trading on Wednesday, reaching $169.60. 58,226 shares of the stock traded hands, compared to its average volume of 739,275. The stock has a market capitalization of $2.95 billion, a PE ratio of 19.88, a P/E/G ratio of 1.35 and a beta of 1.77. The stock’s 50-day moving average is $140.80 and its 200 day moving average is $121.31. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $173.20.
In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the director now owns 1,917 shares of the company’s stock, valued at approximately $277,965. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 6,000 shares of company stock worth $900,000. 36.40% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Tiverton Asset Management LLC purchased a new stake in Restoration Hardware in the 2nd quarter valued at about $56,000. Griffin Asset Management Inc. purchased a new stake in Restoration Hardware in the 2nd quarter valued at about $62,000. Finally, Mason Street Advisors LLC increased its stake in Restoration Hardware by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after buying an additional 198 shares during the last quarter.
Restoration Hardware Company Profile
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
See Also: Growth Stocks
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NEW YORK-Ogilvy & Mather and client Ford Motor Co. have settled on a new tagline-“We’re driven. By you.”-a variation on the proposed “Driven by you” line that ran into legal difficulty, sources said.
If approved, the line would replace “Quality is job 1,” created by Wells BDDP here. Sources said the new line needs only final approval from top Ford management, including chief executive Alex Trotman.
A Ford representative confirmed the estimated $40 million campaign is set to break in the spring, but declined further comment, as did Ogilvy here.
The “Driven by you” line was abandoned when it was discovered that Progressive Corp., an auto insurance outfit, holds a trademark on it.
The campaign will be Ogilvy’s first corporate work for Ford. – Hank Kim and Tanya Gazdik
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According to official data, Britain’s economic boom in the second quarter was faster than before as spending increased after the lockdown was lifted.
The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 5.5 percent between April and June, which was revised up from an initial estimate of 4.8 percent.
The ONS said this means GDP was down 3.3 per cent where it was before the pandemic in the last quarter of 2019, from 4.4 per cent previously estimated.
The biggest driver of the upward GDP revision was household spending, which contributed four percentage points of growth to 5.5 per cent as restrictions to allow outdoor dining were eased in April, with further restrictions lifted in May.
While demand slowed after the lockdown in early 2021, Britons ramped up their spending, with recent GDP figures showing a marked slowdown in the recovery of growth.
Data from earlier this month showed economic growth slowed to 0.1 per cent in July from 1.4 per cent in June, and fears that supply chain problems are hindering recovery.
Martin Beck, senior economic adviser at EY Item Club, said: “Barriers to growth from supply disruptions, negative impact on household spending power, rising inflation and sentiment from energy prices mean the recovery looks more fragile. “
However, he added that with job vacancies at record levels, booming lending conditions and healthy household finances, “the recovery from running out of support goes a long way.”
ONS data showed healthcare and the arts sector outperformed initially, with households saving less and spending more as the economy opened up.
Jonathan Atho, deputy national statistician at the ONS, said: “Household savings fell strongly in the latest quarter, especially from record highs seen during the pandemic, as many people were able to spend again on shopping, eating out and driving their cars.” Were. “
The ONS said its revisions came after “several improvements to sources and methods” with more complete data from the health sector.
In the quarterly national accounts, the ONS also revised the first quarter figures for 2021, estimating that the economy now contracted a better 1.4 per cent, from 1.6 per cent earlier.
It said the economy contracted by a record 9.7 per cent in 2020, with a fall of 9.8 per cent previously estimated.
The latest data shows household spending jumped 7.9 per cent in the second quarter, while the savings ratio fell from 18.4 per cent in the first three months of 2021 to 11.7 per cent, the second highest on record.
The data showed the extent of the rebound in the hard-hit hospitality sector as restrictions were lifted and thanks to a boost from the Euro 2020 football tournament, housing and food services output grew 87.6 percent in the quarter.
However, many sectors are being held back by the current supply chain crisis and lorry driver shortages, while there are concerns that rising inflation will drive consumers to rein in their spending.
The Bank of England recently lowered its expectations for third-quarter growth to 2.1 percent from a forecast of 2.9 percent in August, partly blaming a more pessimistic outlook on supply chain issues and labor shortages.
Separately, ONS figures also show the UK’s current account deficit – a measure of the country’s balance of payments with the rest of the world – narrowed slightly to £8.6 billion ($11.7 billion) in the second quarter from a revised £8.9 billion Gaya. $12.2 billion) over the past three months.
Excluding volatile precious metals, the deficit widened to £10.2 billion ($13.9 billion) in the second quarter – or 1.8 per cent of GDP – due to a collapse in Britain’s trade balance and lower return on foreign investment.
by Holly Williams
This News Originally From – The Epoch Times


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The Microsoft 2017 E3 press conference is scheduled to take place on Sunday, June 11 at 2 p.m. PDT / 5 p.m. EDT, which is 10 p.m. BST for those in the U.K. While I am sure there will be many great game announcements coming for the Xbox and PC, the largest news by far will be for the Xbox Scorpio. We believe the details of this console will be released during the conference, said by some to be the 'most powerful gaming console ever released '.
That's taken with a pinch of salt, really. We've heard these type of claims before. More exciting perhaps than the news of this console will be the games that will be released for it. The only real concern we have is whether our current television sets are equipped to handle the performance of this beast. Apparently, we may need a 4K display just to be able to view games at their best quality.
According to the specs of the proposed Xbox Scorpio, even the latest PS Pro with its boost mode might be surpassed. There will definitely need to be some explaining at the conference, but Microsoft's Andrew Goossen already filled us in slightly:
We’re going to be the ones that ensure that your games run as fast as they can [and] the best that they possibly can. There will be some cases where we have to dial down some of those attributes... in some games we potentially have to dial down the number of [compute units], for example, to maintain compatibility with that title. But again these are all things that Microsoft does, we’ve always done, that’s true of all 360 titles on Xbox One. We just make sure it runs the best it possibly can on Scorpio and we’re very excited that Scorpio really will be the best place to run all your Xbox content.
We will be eagerly waiting for the E3 Conference and will give some feedback as soon as the details are announced.


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The next crop of BMW M cars might lose their characteristic rear-wheel-drive setup in favor of four driven wheels, if a set of spy shots from snowy Sweden can be trusted. The photos, which you can scrutinize at Bimmerpost, show an M5 wearing black split five-spoke rims shod in meaty winter tires (always a great look, in our opinion).
So far, so good. Except that those front wheels are driven, too -- photos of the car’s underside show front-wheel driveshafts. Yep, this here’s an all-wheel-drive BMW M that isn’t an X5M or X6M. Or at least a test mule of one.
Thing is, this doesn’t come as a total surprise: BMW higher-ups have been signaling that they are exploring all-wheel-drive M cars for a while now, with the most recent hints coming during the Detroit auto show.


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Seven Beauty Ingredients Particularly Relevant Right Now
As consumers stuck at home adhere to shelter-in-place mandates, they care less about perfect nails than they do squeaky clean hands. As they pound on their smartphones with sanitized fingers, they’re busily researching ingredients with antibacterial, antiviral, antiseptic and anti-inflammatory properties. They’re hoping to deflect germs, boost immunity, and soothe skin ravaged by washing and mask-wearing. We talked to beauty brand founders and data-tracking firms to identify ingredients that are driving sales and internet rabbit holing. Here are seven particularly pertinent to these scary and strange beauty times:
Hypochlorous acid: Hypochlorous acid or HOCl is an infection-fighting compound found in the human body that’s been used since World War II to treat wounds. Sephora rising star Tower 28 powers its popular eczema remedy SOS Daily Rescue Facial Spray with the ingredient. It also fuels Lumion’s assortment, and the skincare brand’s sales have soared 800% since last year. It’s Miracle Mist has experienced an even greater sales spike of 3,500% from February last year to March this year.
Reishi: Reishi and other mushrooms such as lion’s mane and chaga have been used in traditional Chinese medicine for thousands of years and were moving into the American mainstream pre-coronavirus. The pandemic is stoking the mushroom frenzy. Data from Google search intelligence firm Spate shows that search volume for reishi has increased 33% from February to March. The magic mushroom’s benefits address mental and physical concerns burgeoning amid the pandemic. When ingested, it’s known to stimulate immunity and combat inflammation.
Reishi is considered an adaptogen. Adaptogens are ingredients that help the body ward off stress and maintain homeostasis. They’re believed to improve sleep and decrease depression. In skincare, reishi’s beta-glucans that calm itchy skin come into play. Moon Juice had reishi in its ingestibles prior to putting it in skincare products such as its Cosmic Cream facial moisturizer. The brand promotes the mushroom as a protector against the skin damage caused by environmental stressors.
CBG: Cannabigerol or CBG is one of several cannabinoids starting to steal the spotlight from CBD. Searches for CBD are on the decline, according to Spate, while there’s increased interest in CBG, which tackles inflammation, pain and nausea. Predictive data platform Trendalytics has detected searches for CBG leaping 24.6% since the beginning of the COVID-19 outbreak. Cannabis brand Kush Queen launched Gummies Rx Bliss with CBG last month, and lauds the cannabinoid for lifting mood, and enhancing balance and feelings of grounding, positivity and happiness. Positivity is certainly at a premium right now.
Polysaccharides: Polysaccharides, sugar compounds responsible for the skin’s natural ability to hydrate and retain water, are critical for skin repair and renewal. They’ve been used in skincare for decades, and their properties are definitely resonant now. A saccharide complex is a central component of cannabis beauty and wellness brand Prima’s Enlightenment Serum. “We always talk about how so many ingredients are just filler ingredients,” says Prima co-founder Jessica Assaf. “We wanted to do the opposite, so we really chose a potent blend of actives meant to even skin tone and boost whatever other products you put on your skin.”
Vitamin D: Before the coronavirus sent people around the world to their personal quarters, vitamin D deficiency was a common issue. Shelter-in-place orders mean less sun exposure, further exacerbating vitamin D deficiency as sunlight is a source of the essential nutrient. Vitamin D helps the body absorb and retain calcium and phosphorus, critical minerals for bones. Studies have demonstrated vitamin D controls infection and inflammation, too. Trendalytics has seen searches volume for sun lamps climb nearly 10% over the last three months. Expect vitamin D supplement sales to rise and for consumers to look for alternative vitamin D delivery systems. Brands like One Love Organics and Zelens have created skincare products designed to deliver major doses of vitamin D to the dermis to replenish the skin barrier replenishment and stave off environmental aggressors.
Iodine: The trace mineral that may be taken for granted as a common condiment is getting a closer look from consumers seeking antimicrobial and antibacterial ingredients. Iodine has made an excellent rust-colored wound cleaner for hundreds of years due to its antiseptic abilities. And the compound, crucial for thyroid function, has been turned to for flushing mercury and lead from the body. Vitamin brand Ritual’s prenatal formula contains iodine. Expect it to show up increasingly in skincare as well. Icelandic luxury skin specialist Hannes Dóttir has added organic iodine to the face mask Seamasque. The brand touts the mineral for promoting “cell regeneration to reduce fine lines.” Spate’s data indicates why beauty is likely to hop on iodine. It’s spotted a 17% year-over-year bump in searches for iodine with terms like “antiseptic.” From February to March, the volume dramatically surged 221%.
Gluconate: Similar to iodine, web hunting for gluconate has skyrocketed. Per Spate, searches for it with the attribute “antiseptic” have escalated 1,000% month-over-month. Spate founder Yarden Horowitz qualifies the data by noting the volume is small. There are 720 monthly searches with gluconate and antiseptic key words. However, she indicates the upswing is significant, especially paired with searches for zinc gluconate, which is in zinc supplements, being a growing trend.
Gluconate isn’t only about zinc, though. Cosmetic chemist and Biophile Skin founder Alison Cutlan explains gluconate salts are made by combining a positively-charged compound with negatively-charged gluconic acid, and gluconic acid results from glucose fermentation. She says gluconate salts “are nontoxic, biocompatible, fully biodegradable and readily available.” Disinfectant chlorhexidine gluconate is in soaps used by hospitals for prepping patients and sterilizing surgical tools. Research shows calcium gluconate aids with skin healing. Cutlan points out compounds like sodium gluconate and calcium gluconate also act as chelators that sequester heavy metals in the body, cosmetics and the environment.
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Two of the world’s largest Bitcoin exchanges have shut down enrolling Chinese users. To clarify, they are complying with a recent policy to restrict crypto access in China.
The People’s Bank of China has warned that crypto-related deals are illegal financial activity. As a result, Huobi and Binance are not letting traders use mainland China’s mobile numbers. to register new accounts.
The mainland China option for new account creation is no longer available. But, Hong Kong users can still sign up on both platforms.
Huobi, said that it would stop account registrations for new mainland Chinese users. The company will also retire existing accounts of mainland Chinese users. They will do this by midnight on Dec. 31, 2021.
But, a Binance agent said the company doesn’t offer exchanges in China, and they block Chinese IPs. He made no further remarks.
“Binance takes its compliance obligations very seriously. And, applies to follow local regulations wherever we operate.” The representative said in an email.
Cryptocurrency In China
A virtual currency that has been gaining popularity in the country. The central bank and nine government agencies issued an official statement on crypto last week. This is an attempt to curb bitcoin’s rise and to regulate offshore
The Chinese government has not been friendly to cryptocurrency in the past years. In 2017, China banned fiat money trading on local exchanges. The two most popular cryptocurrency platforms Huobi and Binance move their operations overseas. As a result, Huobi and Binance moved their headquarters abroad. Yet, Chinese users still had access through over-the-counter transactions. Moreover, they rely on crypto-to-crypto trading systems like OKEx, which operate outside China.
China’s cabinet call for a curb on crypto trade made Huobi strict about their products. They bar Chinese users from risking their money on assets such as derivatives.
Chinese crypto enthusiasts have been able to trade on Huobi and Binance. Two of the big three exchanges from China. These exchanges originated there besides OKEx. A regarded third option for trading cryptocurrencies globally.
Users can still use mainland China numbers to register on OKEx as of Sunday morning in Hong Kong.


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Nanosphere: We Expect Good Traction From Enteric, Says Canaccord
In a research report released today, Canaccord analyst Mark Massaro reiterated coverage with a “Buy” rating on Nanosphere, Inc. (NSPH) and a price target of $5.00 following FDA approval for the bacterial portions of NSPH’s Enteric Pathogens Panel test. However, Massaro sees the news as mixed since the company also announced it will soon submit the 2 viral targets to the FDA and targets FDA approval of the full panel as early as later this summer (later than his expectations). However, upon launch of the full panel, he expects good traction from Enteric.
“Although we think EP will compete well upon FDA approval of the full panel, we are mixed on the news as we think that a good number of its ~200+ customers may wait to begin validating the EP panel until the company obtains FDA approval of the full panel. The good news is the company has embedded zero revenue in its guidance from EP this year, consistent with our model”, said Massaro.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Mark Massaro currently has a one-year average return of 9% and a 100% success rate. He is ranked #1993 out of 3126 analysts.


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The plan was documented in an internal AT&T memo sent to store managers last week regarding organizational procedures for the Apple product launch. Store managers on both sides are preparing for unusually large levels of traffic and have been told to forewarn their landlords and acquire stanchions.
"In order to prepare for the launch we plan to close our stores 1 1/2 hours prior to launch time, at 4:30 PM," the memo said. "If the landlord questions your plan to close the store from 4:30 - 6:00 PM, explain that all AT&T and Apple stores nationwide intend to follow this plan."
Once reopened, AT&T stores will operate till 10:00 PM on the eve of June 29, the memo added. It's unclear whether Apple stores will follow a similar plan, or have separate sets of hours.
Similarly, it's uncertain how many consumers will actually turn out for the first-day sale, especially when it comes to plunking down at least $499 for the cheapest iPhone Apple plans to sell. AT&T chief executive Stan Sigman, however, is confident that all the hype is justified.
[iPhone] is the largest commercial product launch in the history of electronics," he said during a graduation speech at the West Texas A&M University last month.
That's just part of the reason AT&T stores, like Apple's, will also reportedly be adding a number of temps to their staff ahead of the frenzy. Many of the AT&T hires will remain at their stores throughout the summer.


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Google finally released the source code to Android 4.0 Ice Cream Sandwich this afternoon.
That means anyone can download the new mobile OS and start working with it. More importantly, the big Android manufacturers like Motorola, HTC, and LG can start cranking away at their own customized versions of Ice Cream Sandwich.
Most manufacturers expect to have Ice Cream Sandwich ready to go early next year.
Samsung's Galaxy Nexus is due to launch some time this month on Verizon. It will be the first phone to run Ice Cream Sandwich.
If you want to take a look at the latest Android source code yourself, head over to the Android developers website.
DON'T MISS: A Full Tour Of Ice Cream Sandwich >
Get the latest Google stock price here.


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This week Apple held it's WWDC conference. Among its numerous announcements, a few new products making heavy use of AI and Machine Learning:
- Proactive, a Google Now competitor built on top of its recent acquisition of the personal assistant app Cue
- Expanded Siri, including features to scan emails, correlate contacts and pull contextual information from private texts
- In-app search with deep links
It's good to see Apple "supercharging" iOS 9 with A.I.!
Software tools & code
This newsletter is a weekly collection of AI news and resources. If you find it worthwhile, please forward to your friends and colleagues, or share on your favorite network.
Suggestions or comments are more than welcome, just reply to this email. Thanks!


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News tagged ‘Samsung’
According to the latest report from Korea's ET News, Samsung has already begun the production of the next-generation A9 chips for Apple’s 2015 devices. As noted by people familiar with the matter, the manufacturing process is currently on its active phase at Samsung’s Austin, Texas plant.
According to the latest rumors shared by reliable sources, iPhone 6 rivals are currently seeing delays in production of 64-bit Snapdragon processors. These processors should power to the upcoming Samsung Galaxy S6, HTC One M9 and LG G4, however, the manufacturer has recently encountered a number of serious problems that make it impossible for the CPU to hit the market in the near future.
According to the latest reports from supply chain insiders, Apple has recently decided to make Samsung one of its major hardware suppliers. I'm now talking not only about the chips for next generations of iPhones and iPads. As noted by BusinessKorea, the guys from Cupertino plan to use Samsung as a primary components manufacturer for the long-anticipated Apple Watch as well. This indicates that Apple will soon once again become extremely dependent on its market rival from South Korea.
It is Sunday today, so you're probably waiting for our traditional roundup of the most interesting posts of the past seven days. Let's take a look at them right now.
Looks like the concept of the smartwatch is much older than we all have thought. According to the video, which I managed to find on 9to5Mac this morning, back in 2001, IBM created a kind of smartwatch with small black-and-white display with touch input and something very similar to Apple's Digital Crown. The video is available below, so take a look and tell me what you think.
According to the latest report from The Korea Times, Apple has made Samsung its primary chip supplier. 80% of orders for 14-nanometer processors will go to the South-Korean manufacturer starting 2016. As to the Taiwan Semiconductor Manufacturing Company (TSMC), it will get the remaining 20% of orders, which is also pretty good for this firm.
It is Sunday today, which means I should tell you about the most interesting stories of the past seven days. Let’s take a look at them right now.
At the annual two-day Mobile Pwn2Own conference held earlier this week by HP, several groups of developers managed to find a number of bugs in iOS, Android and Windows Phone platforms and successfully hacked Apple's iPhone 5s, Samsung's Galaxy S5, Google's Nexus 5, Microsoft's Nokia Lumia 1520 and Amazon's Fire Phone. What I find interesting is that the hackers were able to get full control over all of the handsets except for one. You will never guess, which device turned out to be the most reliable.
According to the latest report from Digitimes, both Samsung and Taiwan Semiconductor Manufacturing Company (TSMC) are currently struggling to get the rights to manufacture the next-generation Apple A9 chip, which will reportedly be used to power company's iPhones and iPads next year. The guys from Cupertino will choose the primary supplier by the end of 2014, the reporters claim.
According to the latest reports from J.D Power and IDC, Apple currently remains world's top tablet manufacturer with 22.8% market share and 12.3 million iPad units shipped in the third quarter of this year. Still, the researchers claim that Apple's tablet sales are weaker than in the year-ago quarter. The manufacturers of the lower-cost tablets, for example, Lenovo or RCA, saw a noticeable increase in sales in 2014 and that means that more and more people prefer cheaper, but pretty efficient and reliable Android devices to hi-end and expensive iOS products.
A research firm IDC has today released a report on global smartphone sales in the third quarter of 2014. According to this report, world's smartphone market grew 25% if to compare this year's results to those of the third quarter of 2013.
How fast is iPhone 6 compared to other popular smartphones? PhoneBuff performed a serious of real tests.
Each phone was raced through a series of apps including the camera, photos, web browser, Dictionary.com, Photoshop Touch, Google Earth, Temple Run 2, Fifa 14, Smash Hit, and Angry Birds. The series of apps was then opened for a second time to test the multi-tasking abilities of each device.
Take a look at the results in the video below:
Ahead of the iPhone 6 and iPhone 6 Plus launch this September, Apple's iPhone 5c became the top selling smartphone in Britain. In fact, this handset was so popular that it even outsold the Samsung Galaxy S5 and the iPhone 5s. And that is an impressive result, I must admit.
According to the latest report from reliable insiders, the guys from Cupertino are planning to release a gold version of their next-generation full-size iPad nicknamed iPad Air 2. The gold version of the 9.7-inch tablet will be available together with the usual silver and space gray models, Bloomberg reporters write. If Apple releases a new iPad Air model, company's tablet lineup will match the lineup of the iPhone 5s, which is also available in three different colors.
Looks like the guys from Cupertino can’t or don’t want to get rid of the dependence on their main market rival, which is Samsung. According to the latest report from DigiTimes, the South Korean manufacturer will supply Apple with 9.7-inch and 12.9-inch panels for the upcoming iPad models. First shipments will be sent to Apple at the end of this year, so looks like the appropriate deal between tech giants has already been signed.


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This daring creation features a medley of shredded snake meat, complemented by the robust additions of black mushrooms and Chinese dried ham, promising a culinary experience unlike any other.
The catch? This bold gastronomic venture is only available for a limited time, with the last chance to savor this extraordinary pizza fast approaching on November 22nd.
News of this innovative pizza has reached international audiences, with CNN reporting that those who have dared to try it describe the texture of the snake meat as akin to that of dry chicken.
“Combined with pizza, it marks a breakthrough from the conventional concept of what maintaining good health means while challenging one’s taste buds,” Pizza Hut Hong Kong said in a statement to CNN.
The unconventional combination of ingredients and the limited-time availability have further fueled the intrigue surrounding this unprecedented creation.
Pizza Hut Hong Kong is embracing a trend observed among Asian franchises of American brands, as they delve into local food culture by introducing gastronomical creations.
In line with this, the menu expansion includes inventive items like a pizza adorned with Chinese preserved sausages.
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This strategic move reflects a commitment to celebrating and incorporating diverse gastronomic traditions into the offerings, exemplified by pizzas featuring ingredients like durian, pig blood curds, or Tonkotsu ramen.
By introducing such bold and culturally infused menu items, Pizza Hut Hong Kong aims to captivate local tastes while embracing the trend of incorporating regional flavors into the global identity of well-established brands.
This culinary adventure not only adds variety to the menu but also underscores the brand's willingness to experiment and cater to the diverse palates of pizza lovers everywhere.