High-End Clothing Brand Faherty Signs Uptown Space

Newmark Retail announces it has completed a 4,400-square-foot lease for upscale clothing brand Faherty at 1175 Madison Avenue on Manhattan’s Upper East Side. Newmark Vice Chairman Ariel Schuster and Associate Director Jason Wecker represented the building’s coop-ownership board in the transaction. Faherty was represented by Michael Leifer and Isabel Solmonson Cohen of Runyon Group,... The post High-End Clothing Brand Faherty Signs Uptown Space appeared first on Real Estate Weekly. Newmark Retail announces it has completed a 4,400-square-foot lease for upscale clothing brand Faherty at 1175 Madison Avenue on Manhattan’s Upper East Side. Newmark Vice Chairman Ariel Schuster and Associate Director Jason Wecker represented the building’s coop-ownership board in the transaction. Faherty was represented by Michael Leifer and Isabel Solmonson Cohen of Runyon Group, with Trent Merrill and Sarah Schutter, Principals of Triple R Group.   “The signing of Faherty to the Upper East Side continues the trend we’ve been witnessing where retailers are looking to locate closer to where people live due to the vibrant foot traffic and activated streetscapes,” said Wecker. “We believe a stylish, younger brand like Faherty will do great in this hot submarket with its ideal corner location that directly targets their primary customer base.” The boutique retail space will house the brand’s new flagship location at the northeast corner of East 86th Street. The space—formerly occupied by Williams Sonoma for approximately 30 years—offers 135 feet of wraparound frontage on East 86th Street and Madison Avenue. The new lease includes 2,400 square feet of ground-level space and 2,000 square feet of basement space. “We’re excited to be growing our presence in NYC! We love this city, and the Upper East Side is such a great family neighborhood,” said Alex Faherty, co-founder of Faherty. “This iconic corner with its robust foot traffic and ample frontage will be an amazing flagship location.”  1175 Madison Avenue is located at the epicenter of a dense, affluent residential neighborhood just two blocks from the 4, 5 and 6 subway lines at East 86th and Lexington Avenue. The area is undergoing a renewal of its retail offerings, with new tenants opening in the neighborhood to meet growing residential demand. Neighborhood tenants include Butterfield Market, Peloton, Roller Rabbit, James Perse, Madewell, LoveShackFancy and Zadig & Voltaire. The post High-End Clothing Brand Faherty Signs Uptown Space appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 21st, 2022

The rise of Spirit Halloween: How the Spencer Gifts-owned chain took over American strip malls and turned itself into a meme of the Retail Apocalypse

Spirit Halloween got its start in 1983 as a pop-up costume store in San Francisco, California. Today it boasts 1,400 stores across North America. Spirit Halloween at a shopping center in Dublin, California in 2018. Smith Collection/Gado/Getty Images Since its founding in 1983, Spirit Halloween has become the go-to destination for all things Halloween. Today the company has 1,400 locations in North America, primarily located in strip and traditional malls. In recent years, Spirit has become the source of countless internet memes, thanks to its ubiquity in shuttered retail spaces. Halloween is back and bigger than ever before - and Spirit Halloween is ready for a record-breaking year. Since it's founding in 1983, the seasonal chain store has grown ubiquitous across the US, becoming a go-to destination for all things Halloween. Drive past any suburban strip mall during September and October and there's a high chance you'll spot a bright orange Spirit banner hanging from the facade of one the company's 1,400 seasonal pop-up stores.Thanks to its penchant for inhabiting shuttered retail spaces formerly home to the like of brands like Toys R' Us or Circuit City, in recent years Spirit has become synonymous with the Retail Apocalypse and the inspiration for countless internet memes. "I didn't invent temporary sales," Spirit Halloween founder Joseph Marver told The Seattle Times in October 2000. "But I feel like I invented temporary Halloween."And while Spirit doesn't disclose sales, parent company Spencer Gifts - the mall-brand known for its gag gifts ranging from lava lamps to sex toys - is estimated to bring in more than $400 million annually. After four decades of dominating the Halloween market, Spirit Halloween shows no signs of stopping this year. As the national rate of COVID-19 vaccinations continues to climb, sending more people out trick-or-treating and to parties, the Halloween industry is forecasting record sales of $10.14 billion, up 20% from $8.05 billion in 2020, according to the National Retail Federation. We took a closer look at the rise of Spirit Halloween, and how it went from a small California costume shop to a bonafide holiday powerhouse. Spirit Halloween was founded in 1983 by Joseph Marver as a pop-up store in the Castro Valley Mall in San Francisco, California. Ben McCanna/Portland Portland Press Herald via Getty Images Source: Vox  Before Spirit became one of the most popular destinations for Halloween costumes and decor, the company got its start as a women's clothing store called Spirit Women's Discount Apparel. A woman tries on a costume at a Spirit Halloween store. Marty Caivano/Digital First Media/Boulder Daily Camera via Getty Images As sales at his apparel store started to plummet, Marver told The Seattle Times he was inspired to transition to the Halloween business after watching throngs of customers line up to visit a costume shop across the street from his store. "When the costume shop moved to a new location, Marver put his dresses in storage, loaded his own store with Halloween stuff and slapped a sign on the old costume shop," Catherine Trevison of The Seattle Times wrote. "It was the best October he ever had."The next year, he did it again with a temporary space in a nearby mall and sold $100,000 worth of merchandise in 30 days."  Today the company has 1,400 locations in North America, primarily located in strip and traditional malls. A Spirit Halloween store in Marina del Rey, California. Amanda Edwards/Getty Images Its main competitors are Party City and Halloween Express. Halloween pop-up stores compose an estimated 35% of the total Halloween market, according to the National Retail Federation.  Marver set up the stores up to operate as seasonal retail pop-ups, which are typically open from early August through November 2. A young girl browses Halloween costumes at a Spirit Halloween store in the Berkshire Mall in Wyomissing, Pennsylvania in 2019. Ben Hasty/MediaNews Group/Reading Eagle via Getty Images The company also has an online store for customers to buy costumes year-round, where it sells products for other holidays and occasions as well.Source: Spirit Halloween Spirit describes itself as "the premier destination for all things Halloween, offering one-stop shopping for costumes, accessories, home and outdoor decor, party goods, and our exclusive animatronics." A young girl in a Pikachu had shops with her mother at Spirit Halloween. Jill Brady/Portland Portland Press Herald via Getty Images The company sells costumes and decor to people of all ages, from toddlers to seniors.Source: Spirit Halloween The company has thousands of employees, and in 2021 hired 30,000 temporary staffers for its Halloween season. Tina Currie multitasks behind the register at Spirit Halloween. Ben McCanna/Portland Portland Press Herald via Getty Images In addition to being an opportunity to pick up part-time work, many staffers are serious Halloween enthusiasts, according to Mental Floss. "I've never once worked with an employee that didn't love Halloween," Kota, a five-year employee of Spirit Halloween in Kentucky, told Mental Floss in 2020. "It's something that all employees have in common from my experience … It's a perfect place to meet people with the same interests." By 1998, Spirit Halloween had started growing rapidly and expanded to 60 stores around the country. A wall of masks for sale at a Spirit Halloween store. Samuel Corum/Anadolu Agency/Getty Images) The 80s and 90s proved to be a boom for the Halloween business. The holiday first rose to prominence in the US after World War II, thanks in part to companies like Disney opening up licensing to use characters for costumes. The holiday experienced another uptick in popularity when the Baby Boom generation had children of their own to take trick-or-treating.  Source: Bloomberg According to Marver, part of what sets Spirit apart is its variety and wide assortment of merchandise. Jill Brady/Portland Portland Press Herald via Getty Images Marver told The Seattle Times that Spirit's specificity extends to everything from masks to fake blood, and includes everything from "the fake blood that coagulates" to "the thin runny blood, the semi-thick blood and the one that just lays there like a slug." By the late 1990s, Spirit's success attracted the interest of companies looking to capitalize on the Halloween superstore and so Spirit began courting acquisition proposals. Alexi Rosenfeld/Getty Images In 1999, Spencer Gifts - the mall-brand favorite known for its assortment of gag gifts and ephemera, which includes everything from lava lamps to sex toys - officially acquired Spirit Halloween. The cast of "The Goldbergs" shooting an episode at a Spencer Gifts store. John Fleenor/Disney General Entertainment Content via Getty Images "We had negotiated the year before, and they didn't want to come up with what I was asking," Marver told Bloomberg in 2016. "Now they said, 'Fine, we'll do it your way.' Then they gave me a very nice check."   With the help of Spencer, Spirit became known for its tongue-in-cheek pop culture costumes that tapped into the zeitgeist. Timothy A. Clary/AFP via Getty Images In 2009, one of Spirit Halloween's most popular costumes was an incarcerated Bernie Madoff, the financier who pled guilty to operating one of the largest Ponzi schemes in history, which cost investors an estimated $64.8 billion.   The retailer continued to grow in popularity in the early 2000s, with its array of costumes and masks, including those in the likeness of popular television and film favorites like Homer Simpson. A teenager tries on a Simpson mask at Spirit Halloween in 2007. David Jennings/Digital First Media/Boulder Daily Camera via Getty Images Marver starts buying costumes as early as January to ensure stores have enough inventory, basing purchases on highly anticipated shows, movies, and other big pop culture moments slated to come that year, he told The Seattle Times.   Spirit even managed to lure notable television personalities of the era, including Kristin Cavallari of MTV's "The Hills" and "Laguna Beach" fame. TV personality Kristin Cavallari attends The Bing It On Halloween Costume Challenge at Spirit Halloween on October 19, 2012 in New York City. Desiree Navarro/FilmMagic/Getty Images In 2006, the company launched its philanthropic arm, Spirit of Children Halloween. The organization has raised $77 million to-date to support the child life departments of hospitals around the country. A Spirit of Children and Phoenix Children's Hospital representative face paints a patient at Phoenix Children's Hospital on Wednesday, Oct. 18, 2017, in Phoenix, Arizona. Rick Scuteri/AP Images for Spirit of Children According to Spirit Halloween, the mission of  Spirit of Children "is to make hospitals less scary for kids and their families." Despite its success, Spirit Halloween has not been impervious to controversy. In 2016, Spirit came under fire for racial appropriation of Native Americans, and in 2021 it evoked Twitter outrage for a "Karen" costume. and the scariest costume goes to…— Helen Shivers (@thecroakerqueen) October 3, 2021 Source: Vice, New York Post Though execs start identifying pop-up locations in November, an estimated two-thirds of Spirit Halloween stores return to the same locations each year. Source: Forbes Due to the seasonal and temporary nature of the business, Spirit Halloween typically takes over empty big-box stores ... Spirit Halloween at a shopping center in Dublin, California in 2018. Smith Collection/Gado/Getty Images ... and even recently bankrupt luxury department stores, like the now-defunct Barneys New York. A woman walks by a Spirit Halloween store at the former site of Barney's New York in Manhattan. Alexi Rosenfeld/Getty Images According to Spirit, it "has an excellent real estate team that works year round to scope out and lock in the best locations available," a spokesperson told Vox in 2018. The company seeks available storefronts near large national chains like Target or Best Buy, where there is already significant foot traffic.  As a result, Spirit Halloween has grown synonymous with the Retail Apocalypse, thanks to its penchant for popping up in abandoned retail spaces. A seasonal Halloween store located in the old unclaimed freight building. Ryan McFadden/MediaNews Group/Reading Eagle via Getty Images In 2020, there were a record 12,200 store closings in the US, leaving an estimated 159 million square feet in vacant retail space as the coronavirus ravaged national businesses. A Spirit Halloween located in the old unclaimed freight building. Ryan McFadden/MediaNews Group/Reading Eagle via Getty Images Source: Forbes  Spirit's ubiquity in abandoned retail spaces inspired a popular meme on social media platforms like Twitter and Reddit. According to Know Your Meme, the meme's origin began in December 2015 when Imgur user meatybeefy included Spirit Halloween in a viral "rundown shopping mall starter pack" image.  Most recently, the meme has been used to satirize everything from the 2018 government shutdown... The government has only been shut down for 2 HOURS and already there's one of those Halloween stores in there— tammy golden (@tammygolden) December 22, 2018 ... to the recent Facebook outage. wow they move fast— Keith Edwards (@keithedwards) October 4, 2021 But regardless of the Twitter jokes, Americans still can't get enough Spirit Halloween. A young girl sings and dances while modeling her new Ariel costume at Spirit Halloween in South Portland. Jill Brady/Portland Portland Press Herald via Getty Images Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 28th, 2021

Apple, Amazon, Disney, JP Morgan and others vow to help employees access abortions after Supreme Court overturns Roe v. Wade: "We must keep up the fight"

Numerous US companies have gone public saying they'd front the costs for employees traveling to seek abortions. Protesters outside the Supreme Court with signs supporting abortion rights.MANDEL NGAN/AFP via Getty Images) The US Supreme Court has struck down Roe v. Wade. Businesses have had months to grapple with the ramifications of this long-anticipated ruling. Even before the ruling, some companies had come out with public stances regarding the end of Roe. The Supreme Court has struck down Roe v. Wade, effectively cutting off abortion access in many parts of the US. The seismic ruling is set to reverberate throughout the country, including in the business world."We therefore hold that the Constitution does not confer a right to abortion," the majority of Supreme Court justices wrote in the decision, handed down Friday morning. "Roe and Casey must be overruled, and the authority to regulate abortion must be returned to the people and their elected representatives."Given the widespread implications for half the workforce in anti-abortion states, experts have said companies based in jurisdictions with abortion bans will face repercussions around recruitment and retention and even possible legal jeopardy.Before the ruling, some businesses began offering support for employees affected by the court's long-predicted decision. Others have remained largely silent on the issue.This story is developing. Check back for updates.AmazonAmazon has publicly said it'd cover costs for employees seeking abortions in states where the procedure were made illegal.AppleApple CEO Tim Cook has said the tech giant will cover employees who "travel out-of-state for medical care if it is unavailable in their home state."Condé NastCondé Nast CEO Roger Lynch sent out an email to workers that says the company's "most powerful" response will be through its "distinct editorial lenses"—Oliver Darcy (@oliverdarcy) June 24, 2022Condé Nast has also announced that it will "assist covered employees and their covered dependents in obtaining access to reproductive care regardless of where they reside.""Today, the U.S. Supreme Court overturned the constitutional right to abortion, allowing individual states to more aggressively regulate or ban the procedure altogether," CEO Roger Lynch wrote in a note to employees. "It is a crushing blow to reproductive rights that have been protected for nearly half a century."CVS"Ensuring access to safe, legal, high-quality health care is one of our most important priorities," the pharmacy giant said in a statement to Insider. "We will continue to provide colleagues, clients, and consumers with the flexibility to choose medical and pharmacy benefits to best suit their needs, including making out-of-state care accessible for our covered employees residing in states that have instituted laws that limit access in their state."Dick's Sporting GoodsDick's CEO Lauren Hobart posted on LinkedIn, saying she's protecting her employees'  health and well-being."In response to today's ruling, we are announcing that if a state one of our teammates lives in restricts access to abortion, DICK'S Sporting Goods will provide up to $4,000 in travel expense reimbursement to travel to the nearest location where that care is legally available. This benefit will be provided to any teammate, spouse or dependent enrolled in our medical plan, along with one support person," the retail CEO said."We recognize people feel passionately about this topic, and that there are teammates and athletes who will not agree with this decision. However, we also recognize that decisions involving health and families are deeply personal and made with thoughtful consideration," she addedDisneySpeaking on background, a Disney spokesperson said the company has "communicated directly" with its employees to "recognize the impact of the ruling." The company's travel benefit will cover pregnancy-related decisions, and the company re-emphasized its commitment to providing affordable healthcare for all employees, regardless of their locations.IndeedThe careers platform said in a statement that: "Employees who are on Indeed insurance will be reimbursed for travel expenses for covered medical procedures that are unavailable where they live.""At Indeed, we believe that work needs women, and women need access to safe and affordable health care," the statement reads. "Anything that limits the freedom of women to make their own decisions about their health hurts them and society. Limiting access to safe and affordable health care will hit hardest in marginalized communities, especially people of color and those in lower income brackets."Johnson & JohnsonA spokesperson for the pharmaceutical and consumer-goods giant told Insider in a statement that the company offers reimbursement for US employees who need to travel for medical services not available within 100 miles of their home, which includes reproductive healthcare. "As the world's most broadly-based healthcare company, we strive to improve access and affordability, create healthier communities, and put health within reach for the people we serve," the spokesperson said. "We also believe healthcare decisions are best determined by individuals in consultation with their healthcare provider."JPMorgan ChaseIn response to the Roe ruling, the financial institution assured its workforce that it would pay for employees to travel to receive abortions, according to CNBC.Levi StraussIn a statement to Insider, a spokesperson from the clothing company highlighted the brand's donations to reproductive-rights nonprofits and said:"We stand strongly against any actions that hinder the health and well-being of our employees, which means opposing any steps to restrict access to the full range of reproductive health care, including abortion. Protection of reproductive rights is a critical business issue impacting our workforce, our economy, and progress toward gender and racial equity. Given what is at stake, business leaders need to make their voices heard and act to protect the health and well-being of our employees." MetaMeta said in a statement that it plans to reimburse travel expenses for employees who need to access out-of-state reproductive care.In a post on Facebook, longtime Meta COO Sheryl Sandberg posted about the Supreme Court's decision."I grew up hearing stories from my mom about what women in our country went through before Roe," she wrote. "My Mom had a friend who left the country to get a safe abortion. Most women could not afford to do this; some had back-alley abortions, which led all too often to serious health complications and sometimes even death. All women knew that they could possibly face impossible choices between controlling their futures and their health and breaking the law."Sandberg went on to write, "I never thought my mom's past would become my daughters' futures. I cannot believe that I'm going to send my three daughters to college with fewer rights than I had. The Supreme Court's ruling jeopardizes the health and the lives of millions of girls and women across the country."The "Lean In" author wrote that the new ruling "threatens to undo the progress women have made in the workplace.""It will make it harder for women to achieve their dreams," she wrote. "And it will disproportionately impact women with the fewest resources. This is a huge setback. For ourselves, our daughters, and every generation that follows, we must keep up the fight. Together, we must protect and expand abortion access."!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in["datawrapper-height"])for(var r=0;r.....»»

Category: topSource: businessinsiderJun 24th, 2022

Futures Surge To Two Week High As Traders Eye End Of Fed"s Hiking Cycle

Futures Surge To Two Week High As Traders Eye End Of Fed's Hiking Cycle Futures are pointing to solid close to the week - now that a recession and earlier rate cuts are assured... .... with a continuation of the rally which has pushed stocks to two week highs, with Tech continuing to lead while Chinese Tech is helping to fuel the global risk-on rally to end the week. Tech-heavy Nasdaq 100 futures added 1% while contracts on the S&P 500 gained 0.9%, trading near session highs  at 3,833 after the main US stock gauge closed near session highs Thursday, adding more than 3% in three days. In Europe, the Stoxx Europe 600 rose 1.5%, with the benchmark set for a small bounce this week. 10-year Treasury yields rose to 3.13% after earlier sliding as low as 3.04%. In premarket trading, software maker Zendesk Inc. soared over 50% on reports it’s close to reaching a deal to be acquired by a group of buyout firms led by Hellman & Friedman and Permira. Bank stocks were mostly higher as well after the latest stress test that results showed all 34 participating banks had passed (of course). In corporate news, Coinbase will launch its first crypto derivative product on Monday in the midst of the current crypto winter. US-listed Chinese stocks rise in premarket trading, on track for their best week since April as more market watchers turn positive on the group amid a gradual easing in Beijing’s crackdown on tech. Alibaba (BABA US) +3%, Nio (NIO US) +2.8%. Here are some other notable premarket movers: FedEx Corp. (FDX US) shares gained in premarket trading with analysts mostly welcoming its annual earnings forecast that was above expectations amid higher package prices and resolution on some operation issues related to labor shortage. Nevertheless, they still maintained caution amid cost pressures and macroeconomic uncertainty. US bank stocks may be volatile Friday after the Federal Reserve announced after the close of trading on Thursday that all banks had passed its annual stress test. Blackberry (BB CN) gained in postmarket trading after it reported an adjusted basic loss per share for the first quarter of 5c, in line with estimates. LendingTree (TREE US) shares dropped 10% in extended trading on Thursday, after the consumer finance company cut its second-quarter forecast for both revenue and adjusted Ebitda. Sarepta Therapeutics (SRPT US) shares may be under pressure after it announced that the FDA has placed a clinical hold on the company’s peptide-conjugated phosphorodiamidate morpholino oligomer to treat patients with Duchenne muscular dystrophy. That said, analysts believe this is mostly a hiccup and that the stock should get a lift once data from the company’s NT gene therapy is disclosed. In his market wrap note, JPM's Andrew Tyler asks "Does this rally have legs" and answers: "The next major catalyst is the June 30 PCE data. This current rally is seeing Tech and Defensive sectors as the largest outperformers. While some investors may play momentum, there seems to be a collective lack of conviction with many believing that this rally fizzles. Traders are looking for confirmation from a breakout above ~3900 resistant level." To be sure, investors are grappling with the question of what comes next if an economic downturn takes hold. One scenario - the bullish one - predicts cooling price pressures and thus scope for central banks to ease up on the pace of interest-rate hikes. In the other one, Jerome Powell hardened his resolve to cool inflation in testimony to lawmakers this week, after acknowledging that a recession may be the price to pay. “In spite of the hawkish remarks from Fed officials, the growing worries that their hikes would trigger a recession actually meant that investors priced in a shallower pace of rate hikes over the coming 12-18 months,” Deutsche Bank AG strategists led by Jim Reid wrote in a note. “That had a knock-on impact on Treasuries.” We discussed this extensively last night. The rising probability of a peak in rates put the policy-sensitive US two-year yield on course for one of its biggest weekly drops since March 2020. Meanwhile, traders are starting to price out any Fed action on rates beyond the December meeting, scaling back the additional tightening they expect and flirting with the possibility of cuts by in 2023. In Europe, equities traded well with the Stoxx rising 1.5% and the Euro Stoxx 50 1% higher back near Thursday’s highs. CAC 40 outperforms peers. Health care and media are the strongest sectors, autos and retail names lag. Here are some of the biggest European movers today: European health care stocks jump, outperforming the broader market. Societe Generale says the fundamentals of the European pharma sector are healthier than US peers. Roche rises as much as 3.4%, Novo Nordisk +3.2% and AstraZeneca +2.6% among the biggest contributors to the gain Ultra Electronics shares rise as much as 13% after a statement that the UK government is leaning toward approving Cobham’s planned takeover of the British defense-technology specialist. LVMH shares rise as much as 2.9% on Bernstein’s top luxury pick at a time of macroeconomic and geopolitical uncertanties, thanks in part to the French giant’s Dior mega-brand, which analyst Luca Solca says is one of the industry’s biggest success stories Telenet shares rise as much as 6.4%, with Barclays and New Street Research both noting that the stock is cheap and it may become more attractive for majority holder Liberty Global to consider buying the rest of the shares. Zalando shares sink as much as 18%, hitting the lowest since Jan. 2019. The online retailer warning on its sales and earnings outlook was not a total surprise, but the scale of the downgrade to its expectations was more significant than anticipated, analysts say. Fast fashion and online retailers decline in Europe following another warning in the sector, this time from Germany’s Zalando. HelloFresh slumps as much as -9.7%, Delivery Hero -6.0%, Deliveroo -2.7%. Fertilizer stocks sink in Europe with Morgan Stanley flagging the industry’s exposure to surging gas prices, gas supply uncertainties and related government measures in Europe to prevent shortages. K+S shares fall as much as 4.9%, Yara down as much as 4.8% and OCI down 3.9% Earlier in the session, Asian stocks headed for a second day of gains as technology shares staged a comeback amid falling yields, with investors continuing to weigh the prospect of higher inflation and monetary tightening. The MSCI Asia Pacific Index rose as much as 1.2%, lifted by tech-heavy markets such as South Korea. A gauge of Asian tech stocks jumped, rallying from the lowest level since September 2020. A Chinese tech measure in Hong Kong advanced 4%. Consumer and health care names also contributed to Friday’s gains amid a global shift to defensive stocks. Asian equities headed for their first weekly gain in three, as the market took a breather from intense selling pressure fueled by fears that aggressive monetary tightening will push the US economy into a recession. Federal Reserve Chair Jerome Powell in testimony to lawmakers stressed his “unconditional” commitment to bringing down inflation. Stocks have fared relatively better in Asia than in other regions as China’s move to dial back Covid restrictions supports market sentiment. Asia’s benchmark is down about 6% this month, compared with at least 8% declines in the S&P 500 Index and the Euro Stoxx 50. “The growth differentials are going to open up between China and the rest of the world,” Kinger Lau, chief China equity strategist at Goldman Sachs, said in a Bloomberg TV interview. Chinese equities “tend to do quite well going into the party congress, three to six months before that. Right now seems like we are in the sweet spot.” Japanese stocks climbed as investors assessed hawkish comments by Fed Chair Jerome Powell on further interest rate hikes and a rally in Treasuries that sent yields lower, boosting tech shares. The Topix Index rose 0.8% to 1,866.72 as of market close Tokyo time, while the Nikkei advanced 1.2% to 26,491.97. Japan’s Mothers index rallied as much as 5.8%.  Nidec Corp. contributed the most to the Topix Index gain, increasing 6.5%. Out of 2,170 shares in the index, 1,540 rose and 550 fell, while 80 were unchanged. In Australia, the S&P/ASX 200 index completed a weekly gain of 1.6% to close at 6578.70, as technology shares staged a comeback amid falling yields. The tech benchmark had a weekly gain of 8.1%, the most since August. Nine of the 11 subgauges ended Friday higher, with only energy and mining stocks sliding after a gauge of commodities retreated.   New Zealand’s market was closed for a public holiday In FX, the Bloomberg dollar spot index dipped into the red, poised for its first weekly decline in a month as investors gauge whether aggressive Federal Reserve rate hikes would tip the US economy into a recession; the Bloomberg Dollar Spot Index fell 0.5% this week while the policy-sensitive US two-year yield is on course for its biggest weekly drop since March 2020. The Japanese yen was the only Group-of-10 currency to fare worse than the dollar, sliding back under 135. “The dollar is undermined by the weakness in PMI data and growing concerns that aggressive rate hikes will eventually cause growth slowdown,” said Akira Moroga, manager of currency products at Aozora Bank in Tokyo. “US yields are also stabilizing from recent sharp climb to weigh on the dollar,” he said. NOK and SEK are the strongest in G-10 FX, JPY is the weakest. Rates erase initial gains, with Treasuries now slightly cheaper across the curve as US stock futures advance beyond Thursday’s highs, while core European bond gains fade and European stocks rally. US yields cheaper by 1bp-3bp across the curve and spreads within a basis point of Thursday’s close; 10-year higher by 1.5bp at 3.10%, bunds in the sector by an additional 3.5bp. Bunds futures complete a ~150 tick round trip, rallying near 149.00 before returning toward 147.50. Cash curves remain bear-steeper, long end bunds cheapen ~3bps having initially richened ~5bps. Cash USTs and gilts are comparatively quiet after following bunds price action in early trade. Italian bonds lag peers, widening the 10y BTP/Bund spread back above 200bps. Focal points of US session include early Bullard comments and University of Michigan inflation expectations, cited by Fed Chair Powell in latest policy decision.  In commodities, crude futures advance, albeit holding within a relatively narrow range. West Texas Intermediate crude traded near $105 a barrel after retreating over the previous two sessions. The US benchmark has lost almost 4% this week, putting prices on course for their first monthly drop since November. Base metals complex is under pressure, LME tin drops over 12%, nickel down over 6%. Spot gold rises roughly $4 to trade near $1,827/oz.  Bitcoin traded rangebound on either side of the 21,000 level. Sliding raw materials prices have contributed to a moderation in market-based measures of inflation expectations. Oil headed for its first back-to-back weekly loss since early April amid a broader selloff in commodities markets. To the day ahead now, and data releases include Germany’s Ifo business climate indicator for June, Italian consumer confidence for June, and UK retail sales for May. Over in the US, there’s also the University of Michigan’s final consumer sentiment index for June, and new home sales for May. From central banks, we’ll hear from the ECB’s Centeno and de Cos, the Fed’s Bullard and Daly, the BoE’s Pill and Haskel, and BoJ Deputy Governor Amamiya. Market snapshot S&P 500 futures up 0.7% to 3,826.75 STOXX Europe 600 up 1.1% to 406.65 German 10Y yield little changed at 1.40% Euro little changed at $1.0525 Brent Futures up 0.4% to $110.51/bbl Gold spot up 0.2% to $1,826.53 MXAP up 1.1% to 159.08 MXAPJ up 1.3% to 527.68 Nikkei up 1.2% to 26,491.97 Topix up 0.8% to 1,866.72 Hang Seng Index up 2.1% to 21,719.06 Shanghai Composite up 0.9% to 3,349.75 Sensex up 0.7% to 52,652.22 Australia S&P/ASX 200 up 0.8% to 6,578.70 Kospi up 2.3% to 2,366.60 U.S. Dollar Index little changed at 104.35 Top Overnight News from Bloomberg Global equity funds saw their biggest outflows in nine weeks as investors piled into cash amid fears that the US economy could be headed for a recession. UK consumers are starting to crumple in the face of soaring prices, according a series of reports that paint a grim picture of the nation’s cost of living crisis. Germany’s economy minister said he can’t be sure that Russia will resume shipments through a key gas pipeline following planned maintenance next month, raising the prospect of a fresh surge in prices and rationing this winter. A more detailed look at global markets from Newsquawk Asia-Pac stocks ultimately followed suit to the gains on Wall St where a decline in yields and lower commodity prices helped the major indices claw back from the opening losses which were triggered by disappointing PMI data. ASX 200 was positive with tech stocks encouraged by US counterparts which benefitted from the lower yield environment although gains in the index were capped by weakness in the commodity-related sectors after the recent pressure in energy and metal prices. Nikkei 225 found early momentum alongside currency flows and held on to gains despite the JPY reversal. Hang Seng and Shanghai Comp. were positive after officials recently suggested ample policy space to sustain a steady economic performance and with the PBoC upping its liquidity efforts. Top Asian News PBoC injected CNY 60bln via 7-day reverse repos with the rate at 2.10% for a CNY 50bln net daily injection, according to Reuters. Xi Trip to Hong Kong in Doubt After Top Officials Get Covid Hong Kong’s Jumbo Mystery Deepens as Restaurant May Be Afloat Gold Set for Weekly Drop on Powell’s Unconditional Inflation Vow Iron Ore Poised to End Wild Week Down as Steel Inventories Rise Hedge Funds Buy Dollar-Yen Downside Options on Recession Risks European bourses have coat-tailed on the positivity seen on Wall Street yesterday and across APAC overnight, with European indices firmer to varying degrees. Sectors overall project a modest defensive bias as Healthcare, Media, Consumer Products, and Food & Beverages reside among the winners, although Tech is also buoyed by the pullback in bond yields. Europe's largest online retailer Zalando (-12%) slumped following a profit warning, and in turn dragged the European Retail sector to the lowest level since March 2020. Stateside, US equity futures are firmer across the board – with the NQ narrowly leading the pack – participants also flagged the ES overcoming resistance at 3,800. Top European News UK PM Johnson's Conservatives lost the parliamentary seat in the Wakefield by-election to the Labour Party and lost the by-election in Tiverton and Honiton to the Liberal Democrats, according to Reuters. Subsequently, PM Johnson has been warned to "watch out for a coup", according to reporting in The Telegraph. Furthermore, Conservative Party Chairman Dowden has resigned following the by-elections. 1922 Committee treasurer Sir Geoffrey Clifton-Brown hints that Tory leadership rules could be changed to allow rebels another shot at the PM, according to Mail's Grove. Boris Johnson’s Party Chair Quits After Double Election Blow Zurich Insurance Sells Legacy German Life Portfolio to Viridium Ukraine Latest: Troops to Leave Key Eastern City as Russia Gains Airlines 2Q Seen Profitable for Most, Deterioration in 2023: DB FX Kiwi elevated amidst favourable crosswinds on NZ market holiday - Nzd/Usd probes 0.6300 as Aud/Nzd retreats towards 1.0950. Euro encouraged by elements of German Ifo survey and Pound shrugs off mixed UK consumption data, all time low consumer sentiment and more pain for PM Johnson on risk factors and gravitating Greenback - Eur/Usd firm on 1.0500 handle, Cable tests 1.2300 and DXY close to base of 104.120-510 range. Aussie, Loonie and Franc all bounce within ranges as Buck backs off, but Yen continues to encounter resistance after decent retracement - Aud/Usd back over 0.6900, Usd/Cad fades from pop above 1.3000 and Usd/Chf reverses through 0.9600 pivot. Scandi Crowns claw back lost ground, Yuan underpinned by PBoC liquidity injection and Peso by hawkish Banxico guidance to supplement 75 bp hike - Eur/Sek sub-10.7000, Eur/Nok near 10.4500, Usd/Cnh under 6.7000 and Usd/Mxn beneath 20.0000. Fixed Income Debt recoils after stretching recovery limits further - Bunds top out at 149.00, Gilts at 114.55 and 10 year T-note 118-00 Trading volumes pick-up on the way back down towards or to intraday lows of 147.21, 113.54 and 117-10+, as risk appetite steadily improves and focus turns to pm agenda Commodities WTI and Brent August futures are extending their modest gains in recent trade despite a lack of news flow. EIA said a status update on the weekly DOE oil inventories report will be provided on Monday. Spot gold remains uneventful under USD 1,850/oz – with the Dollar similarly contained intraday thus far. Focus has turned to base metals, with nickel, zinc, and tin among the biggest losers amid demand woes and surplus concerns. Chile state copper miner Codelco reached an agreement with workers to end the strike, according to Reuters. China is to auction 500k tonnes of imported soybeans from state reserves on July 1st, according to the trade centre cited by Reuters. US Event Calendar 10:00: June U. of Mich. Sentiment, est. 50.2, prior 50.2 10:00: June U. of Mich. Expectations, prior 46.8; Current Conditions, est. 55.4, prior 55.4 10:00: June U. of Mich. 1 Yr Inflation, est. 5.4%, prior 5.4%; 5-10 Yr Inflation, est. 3.3%, prior 3.3% 10:00: May New Home Sales, est. 590,000, prior 591,000 MoM, est. -0.2%, prior -16.6% Central Bank speakers 07:30: Fed’s Bullard Discusses Central banks and Inflation 13:15: Fed’s Daly Interviewed on Fox Business News 16:00: Fed’s Daly Speaks at Shadow Open Market Conference DB's Jim Reid concludes the overnight wrap Fears about an imminent recession have continued to dominate markets over the last 24 hours, with a combination of Chair Powell’s comments, weak economic data and renewed concerns about a European gas cutoff all helping to sound the alarm for investors. Indeed, the sudden rush for safe havens (along with doubts over how far central banks will actually hike if there’s a recession) meant that sovereign bonds rallied sharply, with yields on 10yr bunds (-20.6bps) seeing their largest daily decline in over a decade, which is quite something considering just how volatile bonds have been this year. Having said that the S&P 500 finished up +0.95% so it wasn't all doom and gloom on what was a pretty bad day for news. In terms of the various developments, weak data hampered the narrative and led to a flight to bonds from the outset, with the flash PMIs from Europe and the US painting a gloomy economic picture as we round out Q2. For instance, the Euro Area composite PMI fell to a 16-month low of 51.9 (vs. 54.0 expected), including larger-than-expected declines in both Germany and France. Later in the day, the US composite PMI also fell to 51.2 (vs. 53.0 expected), whilst the weekly initial jobless claims of the week through June 18 came in at 229k, thus taking the smoother 4-week moving average to its highest level since early February. So a bad run of numbers that at the very least add to the growing signs that we’re seeing a noticeable slowdown in growth. As the data was getting weaker, there was no sign that Fed Chair Powell was going to be put off from his challenge of restoring price stability, and he even reiterated before the House Financial Services Committee that their commitment to deal with inflation was “unconditional”. Bear in mind that he left that word out of his testimony before the Senate Banking Committee the previous day, which some had interpreted in a dovish light, so there’s no sign that the Fed are set to let up on the task ahead. Furthermore, Fed Governor Bowman became the latest member of the FOMC to endorse another 75bp hike at the next meeting in July, saying beyond that she favoured “increases of at least 50 basis points in the next few subsequent meetings”. In spite of the hawkish remarks from Fed officials, the growing worries that their hikes would trigger a recession actually meant that investors priced in a shallower pace of rate hikes over the coming 12-18 months. For instance, the rate priced in by the December meeting came down a further -5.5bps to 3.46%, whilst the terminal rate is now seen at just over 3.5%, having expected to be above 4% just before the Fed meeting. The market now sees the terminal rate being hit as early as February 2023 after most of the year so far has seen hikes priced in through the third quarter of 2023. That had a knock-on impact on Treasuries, with the 10yr yield down -6.9bps to 3.09%, and the 2s10s curve flattened -2.9bps to just 6.4bps. The Fed’s preferred indicator of the near-term forward spread also saw a large decline, with a -11.8bps move lower to 168bps, which was the lowest since early March. US equities continued trading in wide intraday ranges but were ultimately boosted by the shallower expected path of policy tightening. The S&P 500 gained +0.95%, leaving it +3.29% on the holiday-shortened week and on pace for its first weekly gain in a month. It was an interesting sector breakdown with shares sensitive to discount rates gaining, as one might expect with the rate move, sending the NASDAQ +1.62% higher. Otherwise, there was a clear delineation between defensives, which outperformed due to the slowing outlook, and cyclicals which ended the day in the red. Utilities, health care, real estate, and staples led the index and all ended in the green, while industrials, financials, materials, and energy all finished in the red. So a risk-off defensive rally in the States. Energy was particularly hit by the fall in brent crude futures, which were -1.51% lower on the day and nearly back beneath $110/bbl for the first time since mid-May. Over in Europe, there were further dramatic developments on the energy side, with German economy minister Habeck raising the country’s gas risk level to the second stage of the emergency plan. That takes them from the early warning phase to the alarm phase, with Habeck going as far as to warn about “a Lehman effect in the energy system” if the market collapsed. Our research colleagues in Frankfurt have written more about what this means (link here), but natural gas futures in Europe rose a further +3.33% yesterday to a fresh 3-month high of €131/MWh. The third and final stage of the plan would be the emergency phase, which occurs when there isn’t enough gas to meet general demand. The fears of recession and the threat of energy shortages meant that European equities took a tumble again yesterday, with the STOXX 600 (-0.82%) closing at its lowest level in 16 months with banks (-3.17%) leading the way as cyclicals also got hit hard in Europe. The DAX (-1.76%) was a regional under-performer with all the focus on the German government gas alert. Sovereign bond yields also plummeted, with those on 10yr bunds (-20.6bps) seeing their largest daily move lower in over a decade, whilst those on 10yr OATs (-20.7bps), gilts (-18.2bps) and BTPs (-15.9bps) witnessed a significant pullback as well. Our European economists don’t think that growth uncertainties will derail the near-term exit path for the ECB, but they write in a blog post yesterday (link here) that the release is another catalyst for a shift in the debate from a question of how quickly they need to catch up, to how far they will be able to go. Moving on to Asia, equity markets in the region are seeing decent gains overnight, with the Kospi (+1.66%) leading the pack followed by the Hang Seng (+1.23%), the Nikkei (+0.76%), the CSI (+0.74%) and the Shanghai Composite (+0.54%). Looking forward as well, US stock futures has risen overnight with contracts on the S&P 500 (+0.43%) and NASDAQ 100 (+0.70%) trading higher amidst the decline in bond yields. In economic data, inflation in Japan is likely to remain closely watched after the core consumer prices climbed +2.1% y/y in May as expected, following a similar rise in April, a level not seen in seven years mainly because of higher energy prices. Excluding energy, prices were up +0.8% in May, also in line with market consensus, following a 0.8% increase in the preceding month. Moving on to some political news, the Conservative party lost two parliamentary seats in yesterday’s by-elections, which will be unwelcome news for Prime Minister Johnson, who’s already seen 41% of his own MPs vote no confidence in his leadership at the start of the month. One of the losses was to Labour in the “red wall” seat of Wakefield, which had been Labour for the entire post-war period until it was won by the Conservatives in 2019, and the Conservative vote share was down from 47% at the last general election to 30% yesterday. Elsewhere, they also lost the usually safe Conservative seat of Tiverton and Honiton to the Liberal Democrats, with the Conservative vote share down from 60% in 2019 to 38% yesterday. Meanwhile, there was some bad news overnight on the economic front from the UK, with GfK’s consumer confidence reading dropping to a record low of -41 in June (vs. -40 expected), something not seen since the survey began 48 years ago. To the day ahead now, and data releases include Germany’s Ifo business climate indicator for June, Italian consumer confidence for June, and UK retail sales for May. Over in the US, there’s also the University of Michigan’s final consumer sentiment index for June, and new home sales for May. From central banks, we’ll hear from the ECB’s Centeno and de Cos, the Fed’s Bullard and Daly, the BoE’s Pill and Haskel, and BoJ Deputy Governor Amamiya. Tyler Durden Fri, 06/24/2022 - 07:53.....»»

Category: smallbizSource: nytJun 24th, 2022

The Bill Gurley Chronicles: Part 2

The Bill Gurley Chronicles: Part 2 By Alex of the Macro Ops Substack What if there was a way to distill all the knowledge that someone’s written over the last 25 years into one, easy-to-read document? And what if that person was a famous venture capital investor known for betting big on companies like Uber, Snapchat, Twitter, Discord, Dropbox, Instagram, and Zillow (to name a few)?  Well, that’s what I’ve done with Bill Gurley’s blog Above The Crowd.  Gurley is a legendary venture capital investor and partner at Benchmark Capital. His blog oozes valuable insights on VC investing, valuations, growth, and marketplace businesses.  This document is past two to the one-stop-shop summary of every blog post Gurley’s ever written, part 1 can be found here. February 2, 2004: The Rise Of Open-Standard Radio: Why 802.11 Is Under-Hyped (Link) Summary: WiFi will dominate wireless communications for the same reason Ethernet dominated networking and x86 dominated computing: high switching costs. This wide-scale adoption causes capital to flow into the standard as companies look to differentiate on top of the existing platform. In doing so, it further entrenches the “open-standard” incumbent.  Favorite Quote: “Open standards obtain a high “stickiness” factor with customers as a result of compatibility. Once customers invest in a standard, they are likely to purchase more and more supporting infrastructure. As their supporting infrastructure grows, their switching costs rise dramatically with respect to competitive alternate architectures. Customers are no longer tied simply to the core technology, but also to the numerous peripherals and applications on which they are now dependent. All of these things make challenging an accepted open standard a very difficult exercise.” March 24, 2004: All Things IP: The Future Of Communications In America (Link) Summary: South Korea and Japan are leading the world in broadband speed and connectivity. South Korea, for example, sports 80% broadband adoption. The US on the other hand, less than 50%. Different players battle for the future of US communication. Free services like Skype offer high-quality VoIP calls. But it’s the cable companies, with their mega-cable infrastructure, that lead the way. At the end of the day follow the money. Comcast went after Disney not because of distribution, but because of content. Favorite Quote: “Now, while voice should be free, that doesn’t mean that it will be free. The two conditions outlined above are nontrivial. First and foremost, it is not at all clear that we have enough competition in the U.S. broadband market. Innovations in the wireless market, particularly recent innovations around mesh architectures, have the opportunity to change this. As of right now, however, many users simply lack choice. Additionally, the many state municipalities around the country are eager to place their hands on VoIP. A poorly executed policy could in fact “increase” the long term pricing on voice services for all users (for example, would you really tax a free service?).” May 6, 2004: Entrepreneurialism And Protectionism Don’t Mix (Link)  Summary: Protectionism and entrepreneurialism don’t work together. One prides itself on open dissemination of ideas, talent and problems (entrepreneurialism). The other (protectionism) desires to keep what’s theirs and turn a blind eye to competition. There are seven reasons why these two ideologies don’t mix: it hurts the economy (comparative advantage), start-ups don’t receive government subsidies (that encourage protectionism), disincentivizes diversity, more start-ups start with a global presence, the hot markets are ex-US, it goes against our global open standards (WiFi, etc.) and its inconsistent with the entrepreneurial mindset.  Favorite Quote: “It is hard to imagine a successful entrepreneur arguing that he or she deserves a job over someone else that is equally skilled and willing to work for a lower wage. The entire spirit of entrepreneurialism is based on finding ways to do something better, faster, and cheaper. It is the whole nature of the game. If someone can do something better somewhere else, it simply means it’s time to innovate again – with intellect and technology, not politics.” October 19, 2004: The Revolutionary Business Of Multiplayer Gaming (Link)  Summary: Multiplayer gaming is an incredible business featuring five “Buffett-Like” business characteristics: recurring revenue (subscription pricing), competitive moats (switching costs), network effects/increasing returns, real competition with others and high brand engagement. Those that fail to realize the importance (and power) of the video game business model (40%+ operating margins) will miss a huge investment opportunity.  Favorite Quote: “Some skeptics argue that MMOG is still a “niche” business and that the same half-million users are migrating from Everquest to Ultima Online to City of Heroes. Under this theory, MMOGs will never be mass market and will never really “matter” in the $20 billion interactive entertainment business. However, with billion dollar businesses now dotting the NASDAQ, it becomes harder and harder to invoke such skepticism. And if new paradigms, architectures, and broadband speeds allow for titles that meet the needs of a wider demographic, ignoring MMOGs may be equivalent to ignoring the successor to television.” March 11, 2005: Believe It Or Not: Your State Leaders May Be Acting To Slow The Proliferation Of Broadband (Link) Summary: In 2005, rumors circulated that laws would pass eliminating a city’s right to offer telecommunications services to its citizens. Gurley suggested states should say “no way” to this offering, and opined six reasons why (straight from the post):  The primary reason for the proposition is to reduce or eliminate competition for incumbent telcos An oligopoly doesn’t make a marketplace Taking rights from municipalities will have negative overall impact on American innovation  Even if a city has no intention of deploying wireless services, it is still in that city’s best interest to retain the right to do so In 2005, isn’t it reasonable for a city to choose to offer broadband as a community service?  A founding American principle — localized government whenever possible Favorite Quote: “In what is ostensibly the cornerstone “democracy” on the planet, one would think that the citizens in each of America’s cities could simply “vote” on the services they believe make sense for their city to provide.  Running a wireless network in a city like Topeka, Kansas simply has no overriding impact on the state as a whole.  As Thomas Jefferson aptly wrote in a letter to William Jarvis in 1820, “I know of no safe depository of the ultimate powers of society but the people themselves; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform them.”” March 21, 2005: The State Of Texas Refuses To Block Municipal Broadband (Link) Summary: Gurley’s post before this one did its job and Texas removed the harsh language around cities offering broadband access to its citizens. According to Gurley, the battle moved to Colorado.  Favorite Quote: “This proposed bill, in its original form, would prohibit a city from helping any new carrier whatsoever get started.  It’s a pure and blatant anti-competitive move.  It’s been modified slightly, but it is still one of the harshest proposals of any state, and once again created only to help the incumbent carriers by removing competition.  Consumers do not benefit from this language.” March 24, 2005: Texas Two Step – Backwards (Link) Summary: After celebrating the removal of restrictive broadband language three days prior, Texas reinserted the notion. What’s crazy is that the member who reinserted the language, Robert Puente, serves in a district where a large telco company has its headquarters. Hmm …  Favorite Quote: “It is shocking that these local reps really don’t care if broadband deployment in America continues to fall further and further behind the rest of the world.  Just shocking.” June 2, 2005: Texas Sets Key Precedent For Other States In Refusing To Ban Municipal Wireless (Link) Summary: It’s interesting that fixed broadband incumbents in Texas are so opposed to wireless broadband. The incumbents claim wireless is a weaker form of their product. But if it’s so weak, why do they want it banned from their state? Why won’t they let natural competition run its course? If it is indeed weak, there shouldn’t be a reason to impose sanctions and restrictions.  Favorite Quote: “The reason the pro-broadband movement was successful is because they organized, they gathered the real data on the success of municipal wireless deployments, and they were able to inform the citizens about this effort by the incumbents and their key legislators to use regulation to restrict competition.  They leveraged the Internet, blogs, and mailing lists, and made a huge difference.  The tech community also played a role with the AEA, the Broadband Coalition, and TechNet all speaking out against this effort to intentional slow technical progress.  These lessons and resources are now focusing on other states to ensure the Texas outcome.” July 12, 2005: DVD Glut (Link) Summary: Gurley saw the rise of TiVo and its effect on the DVD industry. Why would people pay for DVDs when they can record their favorite movies on TV and watch them whenever they want? There is no practical use for DVDs outside nostalgia and collection.  Favorite Quote: “Could it be that people are watching Shrek 2 on Tivo and saving that on Tivo for future viewing?  Could it be that other activities, such as Internet usage, is infringing on DVD time?” July 19, 2005: Do VCs Help In Building A Technology Platform? (Link) Summary: There are two important implications for venture capital’s lack of investment in Microsoft’s .NET platform. First, VCs are investing on the Open Platform. This is likely due to (what Gurley calls) “a more benign” platform. Such a platform allows for more creativity and application. Second, VCs aren’t investing in .NET applications because Microsoft’s simply going up the software vertical (owning each spot). There is a lack of opportunity within the existing .NET framework.  Favorite Quote: “Venture Capitalists look to the public markets for clues on where to go next.  There is no point in investing in technologies that don’t lead to liquidity events.  What the article stresses is that the majority of VC money these days is being spent on top of the Open Source platform rather than the Microsoft’s .Net platform.” July 22, 2005: Wifi Nation… (Link) Summary: This article gives us an excuse to talk about Innovator’s Dilemma. Clayton Christensen coined the term in his book with the same title. Wikipedia defines the term as, “the new entrant is deep into the S-curve and providing significant value to the new product. By the time the new product becomes interesting to the incumbent’s customers it is too late for the incumbent to react to the new product.” In short, WiFi is disrupting the incumbent broadband and their end consumers. Also, WiFi isn’t built for the incumbents. It’s built for the next generation.  Favorite Quote: “What you will see, and what many continue to deny, is that Metro-scale Wifi isn’t a theory, its a reality.  The networks are live.  They perform way better than EVDO or any cellular alternative. They are cheaper to deploy.  AND, there is huge momentum around more and more networks.” Years: 2006 – 2008 April 5, 2006: Why SOX Will Lead To The Demise Of U.S. Markets (Link) Summary: Sarbanes-Oxley (SOX) killed the small and micro-cap public market spirit. Like most regulations, the creators of SOX thought their stipulations would preserve the growth of public markets. Instead it stunted growth. SOX is an expensive requirement for smaller public companies. The costs disincentivize companies from going public. In return, US capital markets offer less opportunities than global companions. Will this lead to more money flowing overseas? Favorite Quote: “Ironically, the two gentlemen that created SOX did it with the intention of “preserving” U.S. capital market leadership. Their fear was that people viewed our markets as too risky, and so they created SOX to ensure that investors would “trust” our markets.” April, 2006: As Wifi Grows, So Do The PR Attacks (Link) Summary: There will always be haters when new technology replaces old, resentful incumbents. Can you blame them? WiFi completely destroyed their business model. Of course they’re going to run sham campaigns. But that’s the beauty of the Innovator’s Dilemma. WiFi doesn’t care about fixed broadband and incumbents. It’s serving its new wave of customers who want something incumbents can’t offer. Look for this in other up-and-coming technologies.  Favorite Quote: “Better performance than EVDO at a much lower cost.  You won’t stop this with an AP article.  Are their issues?  Sure, but I drop 5 cell calls a day in Silicon Valley and that technology (cellular voice) is over 25 years old.”  April 27, 2006: MMOs (MMORPGs) Continue To Rock (Link) Summary: Gurley again emphasizes the importance of MMO video games — particularly out of Asia. In fact, he mentions that Nexon (Japanese gaming company) plans to file on the JSE. Gurley believes the JSE filing is directly correlated with Sarbanes Oxley (from the article above). Regardless, the real winners in the video game industry are coming from Asia. Winning games will be based on community and entertainment, rather than pure competition. It’s no wonder Fortnite is so popular today. Gurley gave us clues almost 20 years ago.  Favorite Quote: “Many of the rising stars of multi-player interactive entertainment are more social than interactive. They also target much broader demographics than gaming ever dreamed of hitting. Consider three sites targeted at younger children and teens that are all doing extremely well — NeoPets, HabboHotel, and GaiaOnline (Benchmark is an investor in HabboHotel).” June 19, 2008: Back To Blogging (Maybe)… (Link) Summary: Gurley returned from his writing break to mention a few of his favorite reading sources. Gurley notes that he reads each of these websites every morning:  TechCrunch GigaOm Marc Andressen’s Blog Favorite Quote: “The bottom line is I have been really busy. Busy with our investments here at Benchmark, and busy with three growing kids at home.  But in the end, I am quite fond of writing, and I have been inspired by some of the great writing of others.” June 30, 2008: Bleak VC Quarter? Why? (Link) Summary: June 2008 marked another dreary quarter for venture capital. Not one single VC-backed company went public. At first glance, this seems bad for venture capital. But looking deeper, it’s not venture capital that’s the issue. It’s the public market. Between regulations and SOX costs, small companies are opting to remain private at record numbers. As Gurley notes, fund managers want high growth and capital appreciation. But these small growth companies don’t want the issues of being a public company.  Favorite Quote: “This passionate desire to be public is completely gone in Silicon Valley. For reasons you could easily list – Sarbanes Oxley; 12b1 trading rules; shareholder litigation; option pricing scandals; personal liability on 10-Q filing signatures – it is simply not much fun being a public executive.” July 22, 2008: BAILOUT What? (Link) Summary: Fascinating how relevant this quote is for 2020. What we’ve seen from the US government during the COVID pandemic is a double-downed effort on its bailout precautions. Even going so far as to buy bond ETFs on the open market! Capitalism requires failure. It requires weak businesses to fall by the wayside in exchange for stronger competitors.  Favorite Quote: “Is our government really going to bail out equity investors in a failed business enterprise? I totally get keeping America afloat, but it is critical that failed businesses FAIL. They must FAIL. You can’t provide band-aids to equity failure. The whole system will come to a halt. Risk that pans out must result in failure. it is a crucial part of the system.” December 1, 2008: Benchmark Capital: Open For Business (Link) Summary: Gurley and the Benchmark team continued investing while the rest of their VC peers cowered in fear during the bowels of the Great Recession. Investing when others are fearful is not only a sign of a great VC firm, but any great company.  Favorite Quote: “I can’t speak for other firms, but make no mistake about…Benchmark Capital is wide open for business and we are eager to invest new capital behind great entrepreneurs.  Right now.  In this environment.  Today. You may wonder why I feel the need to make this pronouncement, and you may even consider this a stunt.  It is not.   We have made fourteen new investments this year, and are actively considering new investments each and every day.” December 5, 2008: Do VCs Help In Building A Technology Platform; Part 2 (Link) Summary: Microsoft offers three years of free software/service to startups. This is a clear signal that Microsoft understands the power of platforms and where companies choose to build their products. Otherwise, as Gurley notes, why offer it for free? This comes on the heels of three new cloud platform technologies entering the space: Facebook, Salesforce and Amazon AWS. VCs may not choose which platform wins, but they choose which platform gets capital. And to some, that’s the same thing.  Favorite Quote: “It obviously would be overstating it to suggest that VCs help “choose” the platform that wins. That said, it is a powerfully positive indicator if VCs show confidence in a new platform by shifting where they deploy their capital.” Years: 2009 – 2011 February 1, 2009: Google Stock Option Repricing: Get Over It (Link) Summary: Retail investors, bloggers, and financial pundits argued that Google’s Stock Options Repricing hurt the “common” shareholder. Gurley thinks stock options shouldn’t matter because common shareholders gave up their rights (more or less) when investing in Google shares. The fact is, Google’s founder and original shareholder shares carry 9/10ths voting power. That means minority (aka second-class citizen) shareholders get 1/10th. In other words, deal with it.  Favorite Quote: “So my reaction to anyone who owns Google stock and is sore over this decision — Get Over It.  You bought a stock where you gave up the ability to vote on such things, and if you don’t like it, sell the stock.  But you have no right to complain, as the rules were laid out from the beginning.” February 11, 2009: Picture Proof Of The Innovator’s Dilemma: SlideRocket (Link) Summary: With a team of 3 engineers and a fraction of Microsoft’s budget, SlideRocket created (arguably) a better version of PowerPoint. According to Gurley, SlideRocket is a perfect example of the Innovator’s Dilemma. PowerPoint took (probably) billions of dollars in R&D and thousands of engineers to create. SlideRocket did it with 4 orders of magnitude less resources.  Favorite Quote: “One subtlety of this is that it allows others to catch up and basically recreate the same thing for a fraction of the cost.   In SlideRocket’s case, it appears that a team of 3 engineers with primary work done by the founder, have recreated PowerPoint (leveraging Flex of course).”  February 18, 2009: Just Say No To A VC Bailout: A Green Government Venture Fund Is A Flawed Idea (Link) Summary: Some VC investors wanted a bailout from the government during the GFC. Gurley originally thought this was a far-cry from a lone complainer. Then he read an article by Thomas Friedman suggesting the same thing: a bailout for VC targeted at green-tech companies. According to Gurley, VC bailouts are flawed for six reasons: There are no lack of capital in VC VCs don’t deserve a bailout Those that need bailout are (likely) bad ideas Excess capital hurts markets Good companies don’t lack for capital Use customer subsidies instead of government-backed VC investment Favorite Quote: “Great ideas have never suffered from a lack of capital availability.  Bringing extra government dollars to the investment side will only ensure that marginal and sub-par companies get more funding dollars, which historically has had a perverse and negative effect on the overall market.” February 22, 2009: Just Say No To A VC Bailout – Part 2 (Link) Summary: Continuing the rant from the previous blog post, Gurley hits on three main criticisms with Friedman’s cry for a VC bailout. First, Friedman suggested that the US Treasury give the Top 20 VC firms up to $1B to “invest in the best VC ideas”. When you consider the 2% annual fee each year that VC’s take, you’re effectively giving these firms an additional $4B in partners’ fees. Finally, Gurley hammers home the idea that to win in green-tech you need to incentivize the customer on the demand side. Create a positive ROI proposition for the customer to use the product or service.  Favorite Quote: “The key is to create an ROI positive investment for the end customer through subsidies.  Ethanol isn’t falling to succeed because of a lack of capital — it’s a problem with customer ROI.  Invest through subsidies in making the market huge and ROI positive.  Capital alone will not solve the problem as the ethanol case proves.” February 27, 2009: Perfect Online Video Advertising Model: Choose Your Advertiser (Link) Summary: Gurley reveals his “perfect online video advertising model” in which consumers can choose their advertiser. It works like this. Before an online premium or VOD show starts, the content creators present the consumer with a list of 4-9 sponsors for the programming. Then, the consumer picks which sponsor they’d like to see when the inevitable ad runs during their program. The benefit to this is that content creators would know their customers’ interests to the tee, which would allow them to raise prices on advertising channels (read: higher revenue).  Favorite Quote: “Just because I am a male between 18-24 and watching “Lost” doesn’t mean I want an XBOX.  You are more likely to guess that i might want it, but you would be 10X better off if I chose XBOX as my sponsor at the start of the show.  Then you would KNOW I have an interest — no more guessing. Making predictions is always a dangerous game, but I am fairly certain that this will be the video ad model of the future.  It makes way too much sense not to work.” March 2, 2009: Looking For Work: Are You An Insurance Agent? (Link) Summary: One of Gurley’s investments had an unusual circumstance during the GFC: they had excess demand for work. LiveOps, a virtual SaaS call center on the cloud, leverages a network of work-from-home call center operators. At the time of writing, LiveOps had 20,000+ live call-center agents working from home assisting companies like Aegon, Colonial Penn, and American Idol.  Favorite Quote: “Their core technology is a SAAS “contact center in cloud.” Just like anyone’s call center, it is a four-9’s operation that is highly resilient. What’s different, and very unique, is that the agents on the other end don’t actually work for LiveOps – they work for themselves. So far, over 20,000 “crowd-sourced” agents are now working from home on behalf of LiveOps customers – companies like Aegon, Colonial Penn, etc. One really cool customer example is American Idol. For Idol Gives Back, AI’s charity campaign, over 4000 LiveOps agents handled over 200,000 calls in less than five hours. Only a crowd-sourced play could handle such a ramp.” March 9, 2009: How To Monetize A Social Network: MySpace And Facebook Should Follow TenCent (Link) Summary: Social networks had trouble monetizing their websites. MySpace and Facebook failed to generate revenue like Yahoo, which did $7B at the time of writing. The problem wasn’t growing the userbase (both sites had tremendous user growth). It was the dependence on advertising to generate the lion’s share of their revenues. Gurley compares MySpace and Facebook to Tencent (700.HK). The two primary drivers of revenue for Tencent are digital items and casual game packages and upgrades. These are significantly higher-margin businesses than advertising. At the end of the day, social networks are social status symbols. This means if you want to leverage your business, you need to provide users with ways to improve their social status. Favorite Quote: “If you removed the Chanel logo from them, and offered them for $50 cheaper, you could not sell a pair.  Not one.  Why?  People are buying an image that they want to project about themselves.  Without the logo, they fail to make that statement.  The same is true for watches, clothes, cars, sodas, beers, cell phones, and many more items.  People care greatly about how they are perceived and are willing to part with big bucks to achieve it.  Digital items are merely the same phenomenon online.” March 26, 2009: Note To Timothy Geithner: Do Startups & Venture Capitalists Really Need More Regulation? (Link) Summary: The US government levied Sarbanes-Oxley on all public companies after the whole Enron, WorldCom saga. The purpose? Protect investors from future frauds. While the efficacy of “Sarbox” remains in question, one thing doesn’t: the cost on small public companies. Sarbox costs ~$2-$3M to implement. This makes it nearly impossible for small companies to go public because the Sarbox costs eat away all potential operating profits. Overburdening small companies could restrict the pipeline of new public IPOs.  Favorite Quote: “And remember that the largest companies in America that were created in the last 35 years (MSFT, GOOG, AAPL, CSCO, INTC) were all small venture-backed companies at one point in time.  Do we really want to inappropriately restrain or throttle the future pipeline of such companies in America?” May 2, 2009: Swine Flu: Overreaction More Costly Than The Virus Itself? (Link) Summary: It’s amazing how relevant this blog post became during the COVID-19 pandemic. Gurley suggests that in some cases, overreacting to news (like swine flu) can have far worse consequences than the natural course of the virus itself. For example, Mexico’s economy teetering on the brink of insolvency as tourism represents a third of their economy. The argument for overreacting is that it prepares people for the worst-case scenario. Yet that decision has consequences. Consequences we can’t see, and might not see for a long time.  Favorite Quote: “Some people rationalize that this hysteria serves a noble purpose, in that it prepares us for the worse.  This, however, ignores the fact that there are tremendous real economic costs to overreaction, and that sometimes overreaction has far-reaching negative impacts which can be many times greater than that of the original problem.” May 8, 2009: Second Life: Second Most Played PC Title, #1 In Minutes/User (Link) Summary: Gurley’s investment in Linden Lab paid off big time in May 2009 when Linden’s hit game Second Life ranked as the #2 most-played PC title. The game trailed World of Warcraft in number of users, but ranked first in number of minutes played per user. Data like this further reiterates Gurley’s earlier claims that selling goods online (digital signs of social status) can make for a great business. It also shows people love distracting themselves from their everyday lives.  Favorite Quote: “The truth of the matter is that the company is quite large, it’s growing, it’s profitable,  it has hired a number of great people over this time frame, and as the data shows it’s kicking butt. Note that the data also shows SecondLife actually leads WOW in terms of minutes played per user.”   May 10, 2009: Bill Gurley’s Online Video Market Snapshot (Link) Summary: Gurley did an on Hollywood talk about the massive changes in the Online Video Market. The link has an 18-minute video where Gurley outlines five things that matter in the coming online video market battle:  Great content is super expensive Affiliate fees are a “huge fucking deal”  The Netflix Business model is widely misunderstood HBO and the NFL are incredibly well-positioned companies Wireless will not save the day  Favorite Quote: I didn’t have a favorite quote from this post as it was mainly a link to the video and slide deck. I highly recommend watching the video and scanning through the deck. It’s 18 minutes long but you can watch at 1.5-2x speed without issue.  Tyler Durden Sun, 06/19/2022 - 17:30.....»»

Category: blogSource: zerohedgeJun 19th, 2022

GFP Real Estate Signs Athleta as Core Tenant at 594 Broadway in SoHo

GFP Real Estate, LLC is pleased to announce that Athleta, a performance lifestyle brand with a mission of empowering a community of active women and girls, has signed a five-year lease for 4,590 square feet of retail space at 594 Broadway in SoHo.    “Athleta joins a growing list of brands... The post GFP Real Estate Signs Athleta as Core Tenant at 594 Broadway in SoHo appeared first on Real Estate Weekly. GFP Real Estate, LLC is pleased to announce that Athleta, a performance lifestyle brand with a mission of empowering a community of active women and girls, has signed a five-year lease for 4,590 square feet of retail space at 594 Broadway in SoHo.    “Athleta joins a growing list of brands that have established a presence on Broadway at the entry point to one of the most iconic shopping destinations in all of Manhattan. These brands have performed well throughout the pandemic as consumers continue to shop for stylish, on-trend clothing from brands that are simultaneously ethically and environmentally responsible,” said Donna Vogel, senior managing director of GFP Real Estate. Andrew Taub and Benjamin Birnbaum of Newmark—as well as Donna Vogel of GFP Real Estate—represented the landlord, GFP Real Estate in the transaction; Ariel Schuster and Justin Fantasia of Newmark represented the tenant. The space comprises 3,200 square feet of ground-level space as well as 1,390 square feet of lower-level storage. The new location is expected to open in late 2022. Athleta, a certified B corporation, offers versatile premium performance and lifestyle apparel, designed by women for women with inclusivity at its core. Founded in 1998, Athleta integrates performance and technical features across its collection to support women across their entire lifestyle—from yoga and training to travel and sleep. The growing brand has more than 220 retail stores across the United States and Canada. The company’s new location at 594 Broadway will be its fourth store in New York City, joining nearby retailers The North Face, REI, Wilson, Vuori, Prada, American Eagle and BOSS.  Built in 1898 and formerly known as the Lyons Building, 594 Broadway is a 12-story, 250,000-square-foot building designed by Buchman & Deisler. The building offers loft-like office spaces and features exposed brick walls, high ceilings, wooden floors, original architectural columns and large windows providing an abundance of natural light. Located along Broadway between West Houston and Prince Street, the building is surrounded by renowned dining and retail offerings and is conveniently positioned near the 6, R, W, B, D, F and M trains.  The post GFP Real Estate Signs Athleta as Core Tenant at 594 Broadway in SoHo appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyJun 14th, 2022

Asylum Seekers Overwhelm Shelters In Portland, Maine

Asylum Seekers Overwhelm Shelters In Portland, Maine Authored by Steven Kovac via The Epoch Times (emphasis ours), Facing an impending humanitarian crisis, Portland Family Shelters Director Mike Guthrie has a simple message to anyone who will listen, “We need help!” Families of asylum seekers warehoused outside of an overcrowded family shelter in Portland, Maine, on May 25, 2022. (Steven Kovac/Epoch Times) Guthrie, a hands-on, frontline worker in the effort to feed, clothe, and house a continuous flow of foreign nationals arriving in Portland by airplane or bus from the U.S. southern border, told The Epoch Times, “Our family shelter facilities, our warming room, and even area hotel space is at capacity. We have maxed out our community resources. “The time is coming when I’m going to have to look a dad in the face and tell him and his family that I don’t know where they’re going to sleep tonight.” The Portland Family Shelter is a complex of four rented buildings in various states of renovation located in the heart of downtown. Some of the structures are gradually being converted into small apartments where up to four families will share a single kitchen and bathroom. All four buildings are overflowing their present capacity. “The intake is greater and faster than we can process,” Guthrie said. Mike Guthrie, director of the family shelter in Portland, Maine, on May 25, 2022. (Steven Kovac/Epoch Times) To accommodate the stream of new arrivals, the family shelter program has in recent months placed 309 families (1,091 people) in eight hotels located in five neighboring municipalities spread over three counties of southeastern Maine’s prime tourist and vacation region. Those moves, with their attendant complications and problems, have resulted in some pushback from the local Mainers who fear their prized relaxed lifestyle may never be the same. And they resent not having a voice in any of it. “It’s just part of the state government’s plan to bring the slums to the suburbs,” said a Mainer from the resort and tourist community of Kennebunkport, a small town about 28 miles down the Atlantic coast from Portland. “The United States cannot rescue Africa.” Coming out of the Kennebunkport post office, long-time Mainers Virginia and Robert shared their opinions on what the locals see as the “invasion” of Maine by immigrants. Virginia commented, “We have sympathy for the asylum seekers, but resources are over-extended and now it’s going beyond Portland.” “Eventually, it’s going to impact our quality of life,” Robert said. A view of Dock Square in Kennebunkport, Maine, on May 25, 2022. (Steven Kovac/Epoch Times Pressures on Portland’s homeless shelter capacity last year inspired a York County community action group to obtain a federal grant to help house the city’s regular homeless population. The plan included renting half a dozen large motels in a three-mile corridor in the heart of southeastern Maine’s Atlantic-shore tourist region. Motels within walking distance of shopping opportunities were selected. The motels close in the off-season, so it appeared to some people to be a win-win arrangement. Included in the plan was the small, quiet, resort town of Wells, located about six miles from Kennebunkport. Though the program sheltered hundreds of individuals from the brutal Maine winter, the resulting wave of never-before-seen vandalism, burglaries, and other property crimes in the commercial district forced the city of Wells to evict every tenant for violations of several municipal ordinances. It is unclear where the evicted people were relocated. Homeless Victimized and Intimidated A motel in Wells, Maine, that was used to shelter the homeless of Portland on May 26, 2022. (Steven Kovac/Epoch Times) According to Captain Gerald Congdon of the Wells Police Department, the crimes were not committed by foreign asylum seekers, Wells residents, or by the many legitimate, disadvantaged, and debilitated people housed in the motel. “The perpetrators arrested were mostly ‘couch-surfers’ spending time with homeless friends staying legally at the motel. However, the bulk of grant-qualified motel dwellers had drug problems,” Congdon said. One small business operator, whose sweetshop was burglarized, told The Epoch Times, “The thieves were druggies in need of a fix. They came in through a window, stole the cash from the register, and took our digital scales. “These people were brought in around Christmastime. It was like an invasion. We never had a crime at our store before they came in and ruined things. “It’s not fair. We now think differently. They changed the whole landscape of how we do business. We don’t want to see them come back.” Congdon told The Epoch Times, “There was shoplifting at the bigger chain stores and car break-ins going after loose change in the strip mall parking lot. “A small bike shop was burglarized twice, losing thousands of dollars-worth of high-end bicycles—never happened to them in 42 years of business. “Our officers spent a lot of time on disturbance calls and enforcing warrants. We made quite a few arrests and recovered some stolen property. “The management of the area’s motels got tired of seeing us there. They were tired of their legitimate businesses being associated with crime. “The nice tenants, many of whom are truly deserving of help, were being victimized and intimidated. They were afraid to call us.” Congdon said his department was not consulted and was given no advance notice on the plan to bring hundreds of homeless people—including many known drug-addicts—into their city. The City of Wells was not compensated for the additional hours of policing. A broad, sandy, beach in the tourist region of southeastern Maine, on May 26, 2022. (Steven Kovac/Epoch Times) ‘Feeder Sources’ On May 1, a hotel in the resort town of Old Orchard Beach, located about halfway between Portland and Kennebunkport, evicted all of its residents for a different reason. This time, they were asylum seekers evicted in order to make room for the arrival of legally permitted temporary seasonal workers to lodge there. These special visa-holders make up the majority of the workforce needed by the region’s thriving hospitality industry. The asylum seekers were relocated to motels in three other southern Maine communities, according to Portland city officials. In Portland, 500 single asylum seekers are housed in a municipal shelter separate from the family shelter, according to a spokesperson for the city. It too is at capacity. Guthrie told The Epoch Times that city authorities have publicly notified what he calls “the feeder sources” at the southern border and in Washington D.C. about the immigration crisis unfolding in Portland. The city administration asked Border Patrol, Health and Human Services, and participating non-profits to stop sending asylum seekers to Portland until sufficient resources become available to adequately care for them. But the force of the city’s request was blunted when it announced immediately after the notification that it would not turn anybody away, acknowledged Guthrie. Maine Gov. Janet Mills in 2019. (Rebecca Hammel/U.S. Senate/Public Domain) Guthrie stated that the city asked Maine Gov. Janet Mills, a Democrat, to call out the National Guard to set up emergency shelters and feeding stations but has not yet received an answer. On June 2, in remarks before the Portland Regional Chamber of Commerce, Mills committed the state to building a new emergency shelter in the city and said she was working to create additional housing for asylum seekers in the area. She also spoke of the desirability of the in-migration as a source of labor to fill many existing job openings. Speaking of the migrants, Mills said, “We need the workforce here. We want them to be available for work. Some of them come with incredible skills and experiences that we can employ.” One long-time Maine resident, who visited the Portland Family Shelter to see the situation for himself, told The Epoch Times, “Mike Guthrie is like a man frantically trying to bail out a sinking rowboat, while his superiors continue to drill holes in it.” During the month of May, the family shelter took in 79 families consisting of 262 individuals with no slowdown in sight, Guthrie said. “220 people turned up in just 20 days. We’re trying to help anybody that comes to the door. Thus far, nobody coming to us has had to sleep outside but we can no longer guarantee shelter upon arrival,” he said. “We need the state of Maine to step in and create safe places for these people. We need a facility to be created and run like a FEMA camp. “Our legislators are talking about buying and renovating older apartments throughout the region that could house 140 families. That’s great in the long-term, but the problem is now! “At the rate things are going, we’d have those places filled in two months. Then what?” Guthrie asked. Portland’s pastors, church members, and its citizens have been stepping forward to do what they can. “Local churches and those in Cumberland are offering space for people to sleep and some Portland residents have even opened up their homes,” Guthrie said. A surge in asylum seekers crossing the border in the Rio Grande Valley has put a strain on the immigration system. Here, migrants are on the move, in Mission, Texas, on March 17, 2021. (Los Angeles Times via TCA) Where Are the Asylum Seekers Coming From? The vast majority of the new arrivals at the family shelter in Portland have come from Angola and the Congo in Africa, with some coming from Haiti in the Caribbean. They make the arduous and often dangerous journey any way they can—largely on foot. Guthrie told of a father and child who recently showed up at the shelter. “The man said that his wife, the young child’s mother, died on the way. She was swept away while crossing a river.” Guthrie explained that the route to Portland for most of the asylum seekers begins in chaos-torn western equatorial Africa. “They cross the Atlantic to South America. They go up through South America and then north through Central America, ending up in northern Mexico, from which they cross the southern border into the United States. “At that point, they present themselves to Border Patrol. “A new arrival tells Border Patrol ‘I am here to seek asylum. If I go back home, I will be killed. I fear for my life.’ That’s the difference between an asylum seeker and an immigrant,” he said. Those three short sentences guarantee a person’s admission for a lengthy stay in the United States as his or her claim is adjudicated. Guthrie went on to explain, “After some additional questioning, the individual is issued minimal paperwork by immigration authorities and told they will be contacted about a formal hearing on their asylum plea. They are then turned over to the U.S. Department of Health and Human Services.” Most are given cell phones. Public servants with the Department of Health and Human Services (DHHS), and representatives of various American non-profit, philanthropic organizations, ask the asylum seekers where they want to go in the interior of the United States to await their asylum hearing. For many, their answer is “Portland.” “They are then put on buses or airplanes and sent on their way,” Guthrie said. Lobsterman Tucker Soule unloads a trap at Cape Porpoise near Kennebunkport, Maine, on May 23, 2022. (Steven Kovac/Epoch Times) Why Portland? Guthrie said that Portland is often recommended to people enroute to the United States by relatives who are already living in the city. “Once they get here, the majority of the new arrivals want to stay in Portland. They tell their relatives and friends about us,” he said. Jessica Grondin, the city’s director of communications and media, told The Epoch Times in a phone interview, “Portland is happy about and proud of our good reputation as a ‘Welcoming City.’ We presently have a large Somali population, as well as many Iraqis and Afghans who arrived here previously.” Grondin said that several busloads of asylum seekers recently shipped off to Washington D.C. by Texas Gov. Greg Abbott, a Republican, ultimately made their way to Portland. She stated that, along with the lack of housing, one of the biggest problems facing the city is a shortage of staff to care for the volume of new arrivals. Guthrie said that the influx asylum seekers has exceeded the city’s ability to offer basic services. “As we outgrow our past limits, we are being forced to prioritize what we are doing for these people. We are no longer able to help them connect with local immigration attorneys, nor help them learn English,” he said. Effective May 7, a policy change took effect forbidding the shelter’s staff from assisting asylum seekers in finding an apartment. “Instead, these folks, who are complete strangers to this community and speak no English, are being qualified for a state General Assistance housing voucher. “They are given a sample lease, a rental form, and an explanation of the GA process, and are then sent out on their own to find a place to live,” Guthrie said. While most of the new arrivals speak Portuguese, some speak French, Lingala, or another tribal language. Many are bilingual, but none speak English. Weary of waiting around, some of the French-speakers asked to be sent to Quebec, but the strict Canadian rules concerning COVID-19 prevented them from entering, Guthrie stated. Condition and Needs of Asylum Seekers Guthrie described the migrants’ situation, saying, “Understand, the majority of these people arrive here with no money. They spent their life savings during their trip and have to start over. They need everything. “They come from hot climates wearing summer clothes. We have given away about 97 percent of our clothing stock to help them cope with the colder weather here in Maine. “We have to keep many people outside during the day and then pack them into our warming room for the chilly Maine nights, or on rainy days,” he said. Fathers, mothers, and their numerous small children are kept outside all day long. They stand on the sidewalk across the street from the shelter or sit in an alley between two old houses passing the time until the next meal. The grimy concrete and stony gravel of the alley serve as furniture. There are no chairs or tables. They sit or recline on whatever is at hand, or on the bare dirt. The shade formed by the receding shadow of the walls of the surrounding old buildings is their only comfort. Antsy and bored small children have no toys with which to amuse themselves, except for one little boy who rides a plastic big-wheel tricycle around the alley. A small bathroom is available to people upon request in one of the shelter’s buildings, or at a nearby city-owned singles’ shelter around the block. “For showers, we team up with a local church that comes by with a bus and offers showers to any of them that want to go,” Guthrie said. When asked if the asylum seekers are Christians, Guthrie answered that many ride a bus to church services on Sunday morning. The shelter provides families with three meals a day, prepared off-site by “community partners.” “We pick up the meals and bring them here and serve them indoors. The food is decent. A typical lunch is a sandwich, salad, soup, granola bars, snacks, milk and water,” Guthrie said. Guthrie told The Epoch Times that the family shelter is providing standard baby formula for the young children, but one baby is intolerant to it. This infant requires a specialty brand that is hard to get—a fact that is upsetting to the mother and her child. The Maine Immigrant Rights Coalition (MIRC) is providing asylum seekers residing in hotels and motels with some culturally appropriate foods such as fufu (an African staple), goat meat, greens, chicken, and rice, he said. A lot of the accommodations do not have kitchens. According to Guthrie, the cost per motel room is between $250 and $350 dollars per night and rising as the tourist season begins. MIRC is part of a network of 85 statewide organizations involved in the care of the thousands of asylum seekers already here and those that are arriving daily. Guthrie said the state is footing 70 percent of the family shelter’s expenses, with the city making up the remaining 30 percent. But Guthrie says that getting the children into school is among the best assistance that can be provided. “The schools offer all kinds of different programs. They have community resource officers. They keep the kids busy while giving them two meals a day,” he said. More than 60 different foreign languages are spoken by students at Portland area schools, further complicating every task associated with education. When asked about the overall health condition of the asylum seekers, Guthrie replied, “They are exhausted and scared. They haven’t travelled a safe route. Though clearly traumatized, very few will talk about the details of their experience. Counselling is available if requested.” Teams of health care workers are performing what Guthrie calls “health outreach.” They have set up clinics at some of the motels to perform triage and make any necessary medical referrals. The city of Portland has a busy public health clinic helping to provide treatment, but some people with more serious conditions end up in emergency rooms. To overcome the language barrier, the city provides interpreters, and health care workers make use of cell phone translation apps. On the whole, Guthrie said most of the people under his supervision are physically “very healthy.” “Pregnancy is the families’ most urgent medical concern, and their most pressing medical need is OBGYN (obstetrics and gynecology) care,” he said. He also said there is some sickle cell disease among them. A young Angolan mother and child outside the family shelter in Portland, Maine, on May 25, 2022. (Steven Kovac/Epoch Times) City Hall allowed The Epoch Times access to several families being warehoused outdoors and a number of parents were eager to talk about their current plight. Speaking through an interpreter provided by the shelter, and in the presence of shelter director Guthrie, Samantha, a young Angolan woman with a 10-month-old baby on her hip and a toddler in tow, was not shy about sharing her dissatisfaction. When asked if her family’s basic needs were being met, Samantha replied, “We just need a place to sleep. We stay outside in the sun and the elements because there is not enough space for us indoors. There are not enough clothes for my family. “Being outside all day is not good for my baby. Some of us have caught colds. Some had fevers. Some were so sick they went to the hospital. “My son eats a special baby formula. I have to ration his feeding. “What we are fed is very different than what we are used to. We are receiving no culturally appropriate food. There was no way for us to take a shower for five days. “We endured a seven-month journey to come to this! We are not happy. Conditions are not good! We really need help.” When asked if she felt welcome, Samantha said with a look of disbelief, “No! I do not feel welcome. Look at us. We are outside.” A Congolese family seeking asylum in Portland, Maine, on May 25, 2022. (Steven Kovac/Epoch Times) Landry, a housepainter and electrician’s helper, brought his wife Sylvie, two-year-old daughter, and 12-month-old son to Portland from the Congo. When asked why he risked the journey, Landry answered, “I left my country because of political issues and insecurity. There we could be sure of nothing. Here, it’s different.” Sylvie said, “We came from Texas unprepared for this Maine weather. I am not happy for how I am living here. I don’t feel welcome!” Tyler Durden Sun, 06/05/2022 - 20:30.....»»

Category: personnelSource: nytJun 5th, 2022

I stayed in an Airstream converted into a hotel room at a luxury campground near Joshua Tree. I prefer the trailers to any conventional hotel.

Autocamp's Joshua Tree location opened in January and is already seeing strong occupancy with some fully booked weekends. I now see why. Brittany Chang/Insider I spent a night in an Airstream trailer hotel room at Autocamp's new Joshua Tree location. The Airstream felt like a comfortable and luxurious hotel room with more amenities than I needed. The location opened in January and is already seeing strong occupancy and some fully booked weekends. Downsized living in a RV has always sounded appealing to me.The Nissan Seaside by Dethleff camper van.NissanBut as someone who suffers from near chronic car sickness, I don't know if I could bear life on the road.Autocamp Yosemite's Airstream suites.Brittany Chang/InsiderLuckily, a popular chain of luxury campgrounds using Airstream trailers as hotel rooms is growing across the US, giving travelers like me a chance to live out our RV dreams.Brittany Chang/InsiderThe camping and "glamping" market has grown throughout COVID-19 as travelers continue craving outdoor off-grid vacations.ShutterstockAnd at an average of $249 per night for an Airstream suite, Autocamp's Joshua Tree location is certainly a glamping site.Brittany Chang/InsiderLike other popular luxury campsites sites, Autocamp's properties have accommodation options like small cabins and spacious tents in lieu of traditional hotel rooms or do-it-yourself camping sites.Autocamp Yosemite's cabins.Brittany Chang/InsiderBut its crème de la crème rooms are its popular Airstream trailers that have been converted into hotel rooms, hence the name of the brand.Brittany Chang/Insider"Airstream is what the brand is about," Jason Brannan, the general manager at AutoCamp, told Insider in 2021.Brittany Chang/InsiderSource: InsiderAnd it seems like travelers can't get enough of these hotel rooms on wheels.Brittany Chang/InsiderThe new location opened in January just before Joshua Tree's peak springtime travel season.Brittany Chang/InsiderIt's only been open for a few months, but the glamping site is already seeing "really high occupancy on weekends and really great occupancy on weekdays" with festival weekends booking out completely, Taylor Davis, Autocamp's vice president of brand marketing, told Insider.Brittany Chang/InsiderThe Airstreams appeal to both the public's recent desire for downsized living and feelings of nostalgia, especially for people who have fond childhood memories of traveling in an Airstream.Brittany Chang/InsiderBut this doesn't mean Autocamp relies on old Airstreams to create its nostalgic look.Brittany Chang/InsiderAutocamp isn't in the business of refurbishing old RVs to turn into hotel rooms.Brittany Chang/InsiderInstead, it worked with its investor Airstream to create and manufacture an Autocamp model.Brittany Chang/InsiderUnlike the typical "silver bullet" trailers, Autocamps' Airstreams are stationary.Brittany Chang/InsiderThis means the trailers can be outfitted with heavier accessories like a larger water heater and a tiled shower to create a more comfortable and luxurious interior.Brittany Chang/InsiderIn August 2021, I spent a night at Autocamp's popular Yosemite location.Autocamp Yosemite's Airstream suites.Brittany Chang/InsiderSource: InsiderAnd in early May, I visited the new Joshua Tree location for another night inside one of the location's 55 rooms.Brittany Chang/InsiderThere were more similarities than differences between the Yosemite and Joshua Tree locations but my verdict is still the same: I prefer the luxurious trailers over any hotel room I've ever stayed in.Brittany Chang/InsiderLet's take a look inside.Brittany Chang/InsiderThink of the trailers as a long studio apartment.Brittany Chang/InsiderThe 31-foot hotel rooms' interiors feel surprisingly large for a tiny home on wheels …Brittany Chang/Insider… and contain enough amenities to sustain an extended stay.Brittany Chang/InsiderInside, there's a bathroom, living room, kitchen, and bedroom.Brittany Chang/InsiderAnd outside, there's a fire pit and dining area covered by a shade structure to save campers from the beating desert heat.Brittany Chang/InsiderThe biggest difference between the Airstream suites at Joshua Tree and Yosemite is the structures above the dining table.Brittany Chang/InsiderBesides this, both trailers looked almost identical.Brittany Chang/InsiderThe Joshua Tree area gets blisteringly hot during summer afternoons and can hit below freezing during frigid winter nights.Brittany Chang/InsiderTo accommodate guests during these weather extremes, all of the Airstreams come with heaters and air conditioning units.Brittany Chang/InsiderThe cool air conditioner was a necessary reprieve from the arid heat I was confronted with when I visited Joshua Tree on a warm spring day.Brittany Chang/InsiderAnd because the Airstream was stationary, I didn't have to worry about the air conditioner draining any limited power source.Brittany Chang/InsiderThe bathroom was modern and contemporary and had the four basics: a sink, toilet, shower, and mirror.Brittany Chang/InsiderThe windows, white and black accents, minimal decor, and uniform Ursa Major products made the bathroom feel luxurious, contemporary, and clean.Brittany Chang/InsiderMy only complaint was the lackluster water pressure, but I should've expected this.Brittany Chang/InsiderBesides this minor complaint, the bathroom was pristine and modern, comparable to the ones I'd expect in a small high-end hotel room.Brittany Chang/InsiderA sliding door separated the bathroom from the adjacent living room and kitchen.Brittany Chang/InsiderHere, a comfortable couch and small side table became my temporary desk when it was too hot to work outside.Brittany Chang/InsiderAnother side table separated this couch from the joint kitchen pantry and closet.Brittany Chang/InsiderThis storage unit was lined with cabinets that tucked away amenities like a microwave, mini-refrigerator …Brittany Chang/Insider… cooking utensils, robes, and clothing hangars.Brittany Chang/InsiderThe kitchen countertop sat right across from this large storage unit. But don't expect any stove tops in this kitchen.Brittany Chang/InsiderAll the cooking happens in the microwave or at the fire pit outside.Brittany Chang/InsiderI choose to cook my dinner over the fire with the cast iron skillet and cooking utensils available in all the Airstreams, which was more fun than cooking on any stovetop I've used before.Brittany Chang/InsiderThere may be no stovetop, but the kitchen space still had a sink, large countertop, and drawers and cabinets with cutlery …Brittany Chang/Insider… ground coffee beans, a water heater, a French press …Brittany Chang/Insider… dishware, and glassware.Brittany Chang/InsiderThere were more than enough tools for my one night inside the trailer.Brittany Chang/InsiderLike the bathroom, a sliding door separated the bedroom from the living room and kitchen.Brittany Chang/InsiderThe window-lined bedroom came with a comfortable queen bed …Brittany Chang/Insider… plenty of outlets to satisfy travelers who aren't looking to unplug …Brittany Chang/Insider… and a television.Brittany Chang/InsiderThe excess natural light from all the windows made the bedroom feel larger than it really was.Brittany Chang/InsiderWhen I pulled back all the curtains and blinds, the bedroom was immediately flooded with direct light from all windows.Brittany Chang/InsiderLike the rest of the trailer, this room is simple with minimal decor.Brittany Chang/InsiderBut the clean decorations, large windows, and white walls made the small bedroom feel large and airy.Brittany Chang/InsiderThis seems to be the general takeaway from my night in Autocamp Joshua Tree's Airstream suite.Brittany Chang/InsiderThe 31-foot-long trailer felt spacious and uncluttered with more amenities than I could've ever used during my one-night stay.Brittany Chang/InsiderSimple features like the amber glass jars filled with bath products, a comfortable bed, large windows, and a tiled bathroom made the trailer feel more high-end than the average hotel room.Brittany Chang/InsiderAnd I love camping, but I can't deny that sleeping on a plush queen bed definitely felt nicer than camping on the hard ground.Brittany Chang/InsiderThe consistency of the suites across the two Autocamp locations I've visited makes me believe the brand's accommodations will be comfortable and high quality no matter the location.Brittany Chang/InsiderAnd I definitely prefer glamping inside of a luxurious RV over sleeping in a drab hotel room.Brittany Chang/InsiderRead the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 5th, 2022

Amazon (AMZN) Unveils Amazon Style, Boosts Physical Presence

Amazon (AMZN) opens its first clothing store, Amazon Style, to bolster the fashion retail business. In a bid to strengthen the offline retail business, Amazon AMZN has finally opened its first clothing store, namely Amazon Style, in Glendale near Los Angeles, CA, which was announced at the beginning of this year.The new store stocks clothing from a wide range of brands including Levi’s, Tommy Hilfiger, Lacoste, Steve Madden and Champion, to name a few.It leverages the Machine Learning (ML) technology to offer an enhanced and smart shopping experience to customers by helping them find the item they are looking for.In addition, Amazon Style provides real-time recommendations to each customer with the help of ML algorithms.Further, the store features high-tech fitting rooms, which will allow customers to scan QR codes of garments on display using Amazon’s app to select their preferred size and color. After the process, the chosen garment will be sent directly to the fitting rooms to try on.With the underlined store, the company strives to expand its reach to customers in the present scenario wherein more people are opting to shop offline by visiting physical stores, with the relaxation of COVID-19 restrictions.Further, the opening of Amazon Style is likely to strengthen the fashion retail, Inc. Price and Consensus, Inc. price-consensus-chart |, Inc. QuoteGrowing Retail FocusAmazon’s latest move bodes well for its strengthening retail strategies, which include bolstering the company’s online and offline retail presence, boosting distribution channels as well as accelerating delivery.Apart from Amazon Style store plans, the company’s intentions to expand the Whole Foods store network across the United States remain noteworthy.The increasing number of Amazon Fresh grocery stores across the United States is another positive. Currently, the number is more than 20 in the United States.The growing customer base of Amazon Go, which is a cashier-less store of the company, remains another major positive. It is to be noted that Amazon currently has more than 25 such stores.Further, the expansion of the Amazon 4-star store — which stocks products rated four stars or more from categories like kitchen appliances, home, toys, books, devices, consumer electronics and games — remains another positive.We note that deepening retail focus and expansion of the physical presence of Amazon pose serious risks for brick-and-mortar stores as well as big retail chains like Walmart WMT, Target TGT, and Costco COST.Intensifying Retail Battle – A ThreatAmazon, which currently carries a Zacks Rank #5 (Strong Sell), continues to face stiff competition from the abovementioned retailers due to their robust expertise in the physical retail space and strong customer base. This, in turn, might make investors worrisome about the stock.You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.It is to be noted that Walmart is benefiting from a strong inventory position and lower markdowns. Further, with more customers and members returning to stores and clubs, demand seems strong for the company.Also, Walmart’s wide variety of stores including discount stores, supercenters, Sam’s Clubs and Neighborhood Markets are aiding the company in sustaining momentum in the retail market.Further, Target is gaining from the growing technology investments and modernization of the supply chain. Further, its increasing number of general merchandise stores — which provide an edited food assortment including perishables, dry grocery, dairy and frozen items — remains a positive. The expanding customer base of TGT’s small-format stores, which offer curated general merchandise and food assortments, is another tailwind.Meanwhile, Costco is benefiting from growth initiatives, improved price management, and its strategy to sell products at discounted prices that helped attract customers seeking both value and convenience. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report, Inc. (AMZN): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 26th, 2022

Healthcare Outperformance May Signal Short-Term Market Bottom

This sector outperformance may be a sign the market is nearing a point of selling exhaustion. The S&P 500 flirted with bear market terrain intraday on Friday as the index entered the -20% decline level from its peak in early January, only to see a last-ditch rally help to officially avoid the dreaded territory. Investors have been waiting for a sign of capitulation – a time when overwhelming selling pressure affects nearly all asset classes – so that the market can begin paving its way forward.While many bear markets and corrections end with this type of brutal decline, it is certainly not true in every case. That’s why it’s crucial to look for other signs the market may be nearing a point of selling exhaustion, and we’re presently seeing one of them play out.The healthcare sector is quite significant as it has the second-largest weighting in the S&P 500, trailing only technology. Healthcare accounts for approximately 14.2% of the overall weight in the widely-followed index, so keeping an eye on the performance of this sector is crucial during uncertain times.Historically viewed as more a defensive sector due to its low correlation with global macro conditions along with its resilience to economic swings, healthcare can also be a considered somewhat of a growth play because of the high levels of innovation inherent in the space. Healthcare is also entering a seasonally bullish period.The Health Care Select Sector SPDR ETF XLV provides an effective representation of the healthcare sector within the S&P 500 index. XLV affords investors with the opportunity for more strategic or tactical positions at a more targeted level relative to traditional-based investing. The Health Care Select Sector SPDR ETF offers exposure to a wide array of companies such as healthcare equipment and supplies, biotechnology, life sciences, and pharmaceuticals.Take a look below at the relative outperformance of XLV relative to the S&P 500 since the start of the year:Image Source: StockChartsNotice how the outperformance has picked up as of late. As healthcare constitutes a large percentage weighting in the diversified index, XLP’s relative movement may assist the S&P in forming a short-term bottom in the coming days and weeks.The Zacks Large Cap Pharmaceuticals industry group is currently ranked in the top 37% out of approximately 250 industries. Because it is ranked in the top half of all Zacks Ranked Industries, we expect it to outperform the market over the next 3 to 6 months. Digging a bit deeper, this industry group has a +5.81% return year-to-date versus a -17.65% loss for the S&P 500.By targeting stocks within the best industries, we can provide a ‘tailwind’ to our investing success. Let’s take a look at a leading stock within this top-rated industry group.Johnson and Johnson (JNJ)Johnson and Johnson researches, develops, and sells a variety of products in the healthcare field. The company’s Consumer Health segment offers skin health and beauty products under recognized brands such as Aveeno and Neutrogena; baby care products under the Johnson’s brand; pain relievers such as Tylenol and Motrin; and allergy products like Sudafed, Benadryl and Zyrtec. JNJ’s Pharmaceutical segment offers products for a host of disorders and diseases such as arthritis, HIV/AIDS, COVID-19, and many forms of cancer. Johnson and Johnson was founded in 1886 and is headquartered in New Brunswick, NJ.JNJ has surpassed earnings estimates in each quarter for the past five years running. JNJ most recently reported Q1 EPS back in April of $2.67, a 2.69% beat over the $2.60 consensus estimate. The healthcare giant has posted a trailing four-quarter average earnings surprise of 5.41%. JNJ shares have advanced 6.03% this year while the market has been in correction mode.Johnson & Johnson Price, Consensus and EPS Surprise The Zacks Consensus EPS Estimate for the current quarter stands at $2.55, which would represent a 2.82% growth rate relative to the same quarter in the prior year.Keep an eye on JNJ as the stock continues to outperform. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Johnson & Johnson (JNJ): Free Stock Analysis Report Health Care Select Sector SPDR ETF (XLV): ETF Research Reports To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 23rd, 2022

34 high school graduation gifts he"ll actually use all the time, from a quality speaker to space-saving dorm essentials

The next life stage can be daunting, but these high school graduation gifts come in handy, from office-appropriate clothes to money for takeout food. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.The next life stage can be daunting, but these high school graduation gifts come in handy, from office-appropriate clothes to money for takeout food.Bellroy; AmazonGraduating from high school is one of the first major life events that feels appropriately "major."It's also a time when the requirements for the scary and exciting years to come likely outstrip his budget. When I graduated high school, the money I made at the upscale pizza restaurant in town didn't seem adequate for textbooks and the simple pleasures, like nice headphones to block out noise in the library, or more adult accessories like a nice messenger bag, presentable blazer, or office-appropriate backpack.The good news is that gifts for recent high school graduates can solve a lot of problems (or just offer a fun way to celebrate a big milestone). With that in mind, we rounded up 40 thoughtful and practical high school graduation gifts for him below.The 34 best high school graduation gifts for him in 2022:A coffee maker for their morning cupAmazonGift the Kitchenaid Showerhead Coffee Maker, $109.63If his future includes work or study (or, honestly, just everyday life), he'll probably love a brand-new coffee maker that makes an excellent cup of drip coffee in the morning. This one is the best version you can buy on a budget, but you can read more about it — and other models we like — in our buying guide to the best drip coffee makers in 2022.A packable blanket for hanging in the quadPeter ArmendGift the Rumpl Blanket, $249If he's headed to college, he will probably be spending a fair share of Saturdays sprawled out on the quad's grass. This blanket is perfect for the occasion — it's packable, machine- and dryer-safe, and water-resistant. It's also one of the Insider Reviews All-Time Best Products.Read our full review here.School spirit merch for game daysFanaticsGift Fanatics merchandise, prices varyIf your graduate is headed to college, give him the college gear he'll wear on game days, like a sweatshirt, tee, or baseball cap. We recommend browsing Fanatics — it's full of clothing, hats, bags, balls, games, and drinkware for NCAA schools. A backpack they can carry work or schoolwork inBellroyGift the Bellroy Transit Workpack, $199Gift them a comfortable, no-nonsense backpack they can take from school to an internship.Money for ordering takeoutSeamlessGift a GrubHub Gift Card, prices varyNo one wants to cook a well-rounded meal every night after work or schoolwork. Give him the gift of takeout every once in a while. A great streaming deviceAmazonGift the Roku Ultra, $90The Roku Ultra stands out from other streaming device options thanks to its 4K and HDR support, speed, reliability, and large library of streaming services (Netflix, HBO Max, Rakuten Viki, and more.). Plus, if your graduate wants to watch TV on the big screen without disturbing anyone, it comes with headphones for private listening.Read the full review of the Roku Ultra here.A cozy fleece pulloverPatagoniaGift the Patagonia Synchilla Snap-T Fleece Pullover, $119Upgrade his old hoodie or sweatshirt with this ultra-comfortable Patagonia fleece. This pullover is perfect for lounging around or even layering under a coat in colder climates, plus it comes in an array of colors and patterns.A Bluetooth speaker his friends will appreciateAmazonGift the Sonos Move, $399The Sonos Move is the best Bluetooth speaker you can buy, according to our experts. It has excellent sound quality, a good battery life that can last up to 11 hours on the go, and convenient smart features such as connecting to smart assistants from Amazon and Google. It'll be useful for hosting friends at their place.A convenient bedside caddyAmazonGift the Za fit Five Pockets Bedside Caddy, $13.99An ideal gift for the graduate who loves to lounge in bed. This five-pocket bedside caddy keeps his computer, water, snacks, and more within arm's reach. A multicookerAmazonGift the Instant Pot DUO 60 7-in-1 Multicooker, $89.99The Instant Pot is great because it makes delicious meals accessible to anyone, no matter their experience or space constraints. Plus, it comes with an app that features 100s of easy-to-follow step-by-step recipes, including roast chicken and mac-and-cheese. And, don't worry: today's pressure cookers are much safer than the old-fashioned stovetop models.Check out our guide to the best electric pressure cookers.A Disney Plus subscriptionDisney PlusSign up for Disney Plus, $7.99 per month or $79.99 per year ($5.83/month)Moving on to college is all about academics and socializing, but he'll definitely have some downtime in the dorm room. With everything from classic Disney movies and shows to "Star Wars" and Marvel movies, a Disney Plus subscription is a sure way to stay entertained.Learn more about Disney Plus here. Comfortable pants for loungingMeUndiesGift the MeUndies Lounge Pant, $68No matter if he's living at home and commuting to college or living in a dorm room on campus, MeUndies Lounge Pants have a place in every man's wardrobe. When he's not caught up in the rigors of schoolwork, he can wear these to relax.An iPad for easy, lightweight note-taking or watching showsAmazonGift an Apple iPad, $329It's up to his personal preference if he wants to use a laptop in class or not, but it can be a huge blessing to only need to lug around an iPad. A nice watch as an adult accessoryMVMTGift a MVMT men's watch, from $108Traditional watches can be expensive, but startups are changing that. MVMT is probably the best-known watch industry disruptor. If you'd like to read more about the company, we've covered them here. You can get this classic, work-appropriate accessory that makes outfits look a bit more competent and established for as little as $95, and he'll be happy he didn't have to shell out for this small but meaningful luxury. It'll likely come in handy for his first internship.An Amazon Prime membershipAmazonGift an Amazon Prime membership, $139An annual Amazon Prime membership is one of those things that immediately makes life easier. If you decide to gift one, the recipient will enjoy free two-day shipping; access to the Prime Now app, which provides free two-hour delivery on tens of thousands of items; Prime Video, Amazon's streaming video service; Prime Music; the Kindle Lending Library; Prime Reading; Prime Audible Channels; unlimited photo storage, and more. If you want to see how Amazon Prime actually gives you a lot more than free shipping, you can read our overview of the service here. Especially if he's planning on ordering anything for his dorm on Amazon (or books for school) he's going to save a lot of money in shipping just by using this. A pair of the world's most comfortable shoesAllbirdsGift the Allbirds Wool Runner, $110We've covered Allbirds many times at Insider Reviews, and for good reason: they might actually be the most comfortable shoes in the world. The originals are all made from Merino Wool, which is not only sustainable but also temperature regulating and unusually soft. He'll probably wear these until the day they finally give out on him, but until then, they're machine-washable and easy to clean.A smart suitcase that charges devices and has 360° wheelsAway InstagramGift the Away Carry On, $275The Away suitcase has become extremely popular for a few good reasons. It's lightweight, comes in a variety of colors, and has both an ejectable battery built-in to charge all devices and 360° wheels. Especially if he's headed more than a car's drive away after high school, he'll be extremely grateful for a nice suitcase. It'll also come in handy when the time comes to travel.  Stylish button-up dress shirtsThe Tie BarGift the Tie Bar Dress Shirts, $55 each or $150 for threeWhile graphic T-shirts and hoodies are perfectly fine for wearing every day in high school, a new graduate is going to need some fresh button-up shirts. The Tie Bar makes it very affordable to stock up on different colors and styles — and you'll find troves of other accessories for him, too. A yearlong membership to boutique audio fitness classes and certified personal trainersAaptivGift a 12-month Aaptiv membership, $49.99If he's headed to college, he'll likely get access to the university gym automatically as a student, but anything guided or more arduous might come with a big added expense or tricky logistics. Aaptiv is a popular app that lets users listen in on thousands of workout classes led by certified personal trainers so they can get the same workout as in a class without paying the exorbitant entry prices or figuring out how to get there without a car on a Sunday afternoon. Especially if he's adjusting to college after playing sports in high school, this is a nice way to have the best of both worlds and get a really great workout.Apple AirPod Bluetooth earphonesHollis Johnson/Business InsiderGift Apple AirPods with charging case, from $179Whether he commutes or is heading back to school and therefore the library, he's bound to use Bluetooth earbuds a fair amount (especially now that all the new iPhones more or less require them). The Apple AirPods are a popular choice he's likely to love.A microwave-safe ramen cooker for the most rushed nightsAmazonGift the Rapid Ramen Cooker, $11.99There will be plenty of late nights filled with cheap and tasty ramen. If they're going to eat it anyway, at least let them make it quickly and perfectly every time.A custom ramblerYetiGift the College Logo Custom Yeti Rambler, from $35Yeti makes the kind of powerfully insulated mugs built for cold mornings outdoors, and they hold up exceptionally well around campus. They also offer just over 180 colleges to choose from to help him show some collegiate spirit. A nice toiletry bag, which you can monogram for himLeatherologyGift the Leatherology Double Zip Toiletry Bag, from $115If he's heading to college, his freshman year will almost undoubtedly feature many trips from his dorm room to a communal bathroom. A nice toiletry bag makes it easier to schlep everything at once, and it looks a lot nicer than one of those plastic caddies. If you're not looking to spend that much, consider this less expensive unisex option ($35) made by another one of our favorite companies to watch. A custom map print to remind him of homeGrafomapGift a Grafomap Custom Map Print, from $49If your high school grad is leaving home for a new place, it doesn't hurt to give him some cool, low-key decorations for his dorm that will remind him of his hometown (or another special place). It can be tough to find the right decor for a teen's room, but this is one you can feel confident about giving.You can find the full review here.A blazer he can wear to interviews and internshipsBonobosGift the Bonobos Italian Knit Blazer, $298Most college students probably don't have a wealth of professional clothing to pull from for high-pressure situations like interviews and a big internship. Help him make a good impression, and see your money go to good use, with a blazer he can use repeatedly and for years to come. A card game they can share with friendsAmazonGift Cards Against Humanity, $25An easy way to make friends in college (or anywhere) and the best way to pass a snow day, he'll get more use out of this classic and irreverent card game than you probably think.An extra-long charging cable for his phoneAmazonGift the Anker PowerLine+ Lightning Cable, 6 ft, $20.99It might seem like an add-on gift (and maybe it will be for you) but I guarantee he'll appreciate an extra-long, extra-durable lightning cable to charge his phone with. No matter if he ends up on the bottom or top bunk at the dorm, he won't have to inconvenience himself or buy a new charger every month.An external batteryAmazonGift the Anker PowerCore 10000 External Battery, $24.99Perhaps the most convenient gift is as simple as a solid external battery. He's bound to use this countless times, and it might even keep him safer. This one comes with over 8,000 five-star reviews on Amazon, and it'll charge an iPhone 8 three-and-a-half times and a Galaxy S8 two-and-a-half times. A waterproof speaker that's built to be durableJBLGift the JBL Flip 4 Waterproof Portable Bluetooth Speaker, $89.95This rugged, portable Bluetooth speaker should be able to take whatever is thrown at it or, perhaps more accurately, spilled on it in the years to come. He'll be thankful for something convenient, compact, highly-rated, and durable.A nice leather wallet, which you can monogram for himLeatherologyGift the Leatherology Bifold Wallet, from $90He's probably outgrown the scuffed wallet he has now — and anyway, Velcro doesn't transfer as well to 19 as it did to 12. You can gift him a nice new leather wallet to enter adulthood with, and you can even monogram it for him for added personalization.A Kindle for lightweight, cost-effective readingAmazonGift a Kindle Paperwhite, $109.99Whether he loves to read or might appreciate the lightness and compactness of an e-reader, a Kindle is a great gift for recent graduates. He can read in broad daylight without a glare with the Paperwhite version, and store thousands of books for the same forgettable weight. Framed memories he'll appreciate seeing and owningFramebridgeGift a Framebridge custom-framed art or photo gift, from $49It doesn't hurt to have a photo of the family or a few of their favorite memories from high school, especially since those are the artifacts that gain importance and value the older we get. This service will take care of printing, matting, and framing for you so you can spend as little time as necessary on the task itself. A toolkit, which he'll definitely need in the next four years and beyondAmazonGift a 148-Piece Tool Kit, $29.99Whether he's moving out right away or not, his future will almost certainly include putting together furniture and Googling how to fix a leaky faucet when his landlord avoids his calls. He'll be glad he has the tools to handle whatever life throws at him confidently, and this is one gift he may not immediately buy for himself, but which he'll really want to have before the very second he needs it. He's also going to be a huge help to his friends.Gift cards for every needAmazonCash is always good, especially if the recent grad in your life is trying to furnish a new place and take on other adult responsibilities with minimal funds. But, if money seems like too much of a cop-out, consider gift cards for a variety of needs.Travel: Southwest Airlines Gift CardGroceries and food: Chipotle Gift Card / Whole Foods Gift CardMusic: Spotify Gift CardTransportation: Uber Gift CardCoffee: Starbucks Gift CardGaming: Steam Gift Card / Twitch Gift CardTech: Best Buy Gift CardFurniture: Wayfair Gift Card / Amazon Gift CardEntertainment: StubHub Gift Card / Hulu Gift Card / Sling Gift Card / Netflix Gift CardEverything else: Visa Gift CardRead the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 18th, 2022

FedEx Office signs 10-year lease for retail space at newly renovated 477 Madison Avenue in Midtown

Retail by MONA, the leasing and advisory firm guiding tenants and landlords through an evolving retail landscape, announced today that FedEx has signed a long-term lease for 2,276 square feet of retail space at the newly repositioned 477 Madison Avenue office tower in Midtown. “FedEx caters to the needs of the... The post FedEx Office signs 10-year lease for retail space at newly renovated 477 Madison Avenue in Midtown appeared first on Real Estate Weekly. Retail by MONA, the leasing and advisory firm guiding tenants and landlords through an evolving retail landscape, announced today that FedEx has signed a long-term lease for 2,276 square feet of retail space at the newly repositioned 477 Madison Avenue office tower in Midtown. “FedEx caters to the needs of the busiest neighborhoods across the city and chose this location not only for the foot traffic and dense office community, but also for the building itself,” said Brandon Singer, CEO of Retail by MONA. “The move from its location a few blocks to the west combined with RFR’s significant investment in the building and its retail spaces signals confidence in the future of the Midtown office market.” Landlord RFR Realty was represented by a Retail by MONA team led by CEO Brandon L. Singer along with Michael Cody, and Sara Armet. FedEx Office was represented by Joshua Strauss and Scott Zinovoy of Newmark. The asking rent was $270 per square foot. 477 Madison Avenue, a 24-story, 325,000-square-foot office tower, located at the corner of 51st Street and Madison Avenue, opposite St. Patrick’s Cathedral and within a five-block radius of five subway stations. RFR’s recent transformation included a top-to-bottom makeover and the exterior refresh, by architects MdeAS, opened the retail frontage on 51st Street to the street. The retail spaces were also upgraded with new windows and larger plates of glass to maximize visibility. Additional retail space available includes a 3,623-square-foot corner location and a 4,400-square-foot space adjacent to FedEx’s upcoming location fronting 51st Street. “477 Madison has a reputation as one of the best office addresses on Madison Avenue,” said Singer. “It makes sense for a high-powered brand like FedEx to plant its flag here.” The post FedEx Office signs 10-year lease for retail space at newly renovated 477 Madison Avenue in Midtown appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 15th, 2022

Photos show what it"s like to shop at Aldi rival Lidl, from cluttered aisles to own-label products that look just like big brands

Lidl has around 11,500 stores worldwide. The store I visited was cluttered, with products in the wrong places and empty crates littering the aisles. Grace Dean/Insider Aldi rival Lidl sells own-label products that look just like big brands. Its stores focus on promotions and discounts, with items ranging from Dutch chocolates to leaf blowers. But the aisles were cluttered, products were in the wrong places, and it was hard to navigate. German discount grocery chain Lidl is rapidly expanding stateside. It opened its first US store in 2017 and reached the 100-store milestone three years later. Aldi, in comparison, has more than 2,100 stores in the US.A Lidl store in Poland.Beata Zawrzel/NurPhoto via Getty ImagesSources: Lidl, Lidl, Insider, AldiGlobally, Lidl has more than 11,500 stores in around 30 countries. I visited a Lidl store in the UK, where the company has more than 800 locations. I'd shopped at Lidl occasionally, but had never been to this particular store in Limehouse, London, before.The exterior of a Lidl store in Limehouse, London.Grace Dean/InsiderSource: LidlThough the store wasn't huge, it had its own large parking lot.The parking lot of a Lidl store in Limehouse, London.Grace Dean/InsiderThe outside area of the store was dedicated to gardening products.The exterior of a Lidl store in Limehouse, London.Grace Dean/InsiderYou had to go through separate doors to get in and out that reminded me a bit of airport security ...The entrance of a Lidl store in Limehouse, London.Grace Dean/Insider... and once in, you had to pass through a turnstile, too. It's not often you encounter one of these in a grocery store, and I wasn't sure what the purpose of it was.The entrance of a Lidl store in Limehouse, London.Grace DeanThe first thing inside the entrance was a pile of instant barbecues next to bags of charcoal, a stack of shopping baskets, and a stray yellow cone that didn't seem to be protecting people from anything in particular.Products in a Lidl store in Limehouse, London.Grace Dean/InsiderThe rest of the store was equally chaotic. There was a pile of crates full of discounted fresh produce at the front designated at Lidl's "pick of the week," though some were empty and stacked at jaunty angles.Empty crates in a Lidl store in Limehouse, London.Grace Dean/InsiderThese included garlic, eggplant, and oranges, with differences of between 28% and 46%, though the eggplants were notably small.Products in a Lidl store in Limehouse, London.Grace Dean/InsiderRather than unpacking products in rows on its shelves, Lidl displays them in the crates and boxes they're delivered in.An aisle of products in a Lidl store in Limehouse, London.Grace Dean/InsiderBut this meant the store was littered with empty crates.Empty crates in a Lidl store in Limehouse, London.Grace Dean/InsiderIn some cases, these took over the aisles.Crates in the aisle of a Lidl store in Limehouse, London.Grace Dean/InsiderCages that staff used to stock shelves and remove empty packaging were littered around the store, too.Crates in the aisle of a Lidl store in Limehouse, London.Grace Dean/InsiderThis was the banana section. It was a mess. Some of the boxes were empty, and none seemed to contain the multi-packs of bananas advertised on the price tags.Banana display in a Lidl in Limehouse, London.Grace Dean/InsiderI can imagine it would be quite different to walk around the store with a shopping cart, buggy, or mobility aid.Crates in the aisle of a Lidl store in Limehouse, London.Grace Dean/InsiderSome of the aisles were neater, though.The snack aisle of a Lidl store in Limehouse, London.Grace Dean/InsiderAnother thing that made it difficult to navigate the store was how Lidl dedicated random sections to promotions and discounted items, with slogans such as "when it's gone, it's gone."A promotional display in a Lidl store in Limehouse, London.Grace Dean/InsiderOne of these sections was a two-sided aisle covered in orange labels which included products such as beer, olive oil, hand cream, and car air freshener. It wasn't clear why these products were displayed here and whether they were discounted, approaching their use-by date, or simply being cleared to make room for new stock.A promotional display in a Lidl store in Limehouse, London.Grace Dean/InsiderThere was also a space dedicated to Dutch and Belgian items, too. There was a similar display of Dutch and Belgian products in the freezer section, including waffles, fish bites, and frikandellen.A promotional display of Dutch and Belgian items in a Lidl store in Limehouse, London.Grace Dean/InsiderYou could, for example, buy chocolate windmills. The products were all labeled with the brands "Dutch Style," "Belgian Style," or "Original Belgian Specialities."A promotional display of Dutch and Belgian items in a Lidl store in Limehouse, London.Grace Dean/InsiderIn this section, there was also a box filled with a very random assortment of items with 30%-off stickers.Discounted items in a Lidl store in Limehouse, London.Grace Dean/InsiderBut as well as the two-sided aisle, there were also piles of products at the end of some other aisles too, similarly touting orange "when it's gone, it's gone" labels.A promotional display in a Lidl store in Limehouse, London.Grace Dean/InsiderThere was a section dedicated to promotions and special offers, dubbed "the middle of Lidl." This space was home to a massive array of assorted and miscellaneous products ...The "middle of Lidl" aisle in a Lidl store in Limehouse, London.Grace Dean/Insider... from electronics, kitchenware, and grooming products ...The "middle of Lidl" aisle in a Lidl store in Limehouse, London.Grace Dean/Insider... to "Frozen" pyjamas ...The "middle of Lidl" aisle in a Lidl store in Limehouse, London.Grace Dean/Insider... and leaf blowers. The aisles were designated as either "Thursday" or "Sunday," which I presumed was when the stock was being replaced.The "middle of Lidl" aisle in a Lidl store in Limehouse, London.Grace Dean/InsiderElsewhere in the store, there were also two boxes full of assorted 99p cleaning items.A promotional display in a Lidl store in Limehouse, London.Grace Dean/InsiderWhile Lidl sells some big-name brands, it mainly sells own-label products. Just like at Aldi, some of its products appear to be based closely on popular brands, and in a lot of cases were displayed right next to them.Butter made by Danish brand Lurpak displayed next to Lidl own-label brand Danpak.Grace Dean/InsiderSome of Lidl's packaging was remarkably similar to that of the big-label products. The own-brand KitKat replica had the same color scheme, logo style, and layout as the original Nestlé product.KitKat chocolate biscuits made by Nestle displayed next to Lidl own-label brand Choc Attack.Grace Dean/InsiderSome of the Lidl-brand products didn't copy their competitors, though. I wouldn't have been able to guess that the pack of penne pasta on the right was Lidl own-brand – especially because it's labeled as "authentic Italian."Delverde pasta displayed next to Lidl own-label brand Baresa.Grace Dean/InsiderAs well as its basic own-brand products, Lidl sold some premium items with fancier packaging and higher price tags. These included pasta and granola under its "Deluxe" range, along with bars of chocolate under its "J D Gross" brand that cost around 50% more per 100 grams than its generic own-brand label.Lidl high-end and mid-label chocolate bars.Grace Dean/InsiderThe store had some organic produce, too.The organic section at a Lidl in Limehouse, London.Grace Dean/InsiderLidl is well known in the UK for its bakery, which sells fresh bread, pastries, and cookies at bargain prices. A variety of loose bread rolls were available for less than £0.30 ($0.37), while cookies cost £0.39 ($0.48) and pizza slices cost £0.69 ($0.84).The bakery section at a Lidl in Limehouse, London.Grace Dean/InsiderBut when I visited the store at around 4:15 p.m. on a Monday, many of the products had sold out.The bakery section at a Lidl in Limehouse, London.Grace Dean/InsiderSupplies of some other products were low, too.The toilet paper aisle was nearly empty.Grace Dean/InsiderThe "meat-free" freezer section, meanwhile, was being used to display some products that definitely didn't belong there, like chicken ready meals. The price labels showed that these items hadn't just been dumped there by shoppers.There were meat products in the meat-free freezer sectionGrace Dean/InsiderThroughout the store, Lidl also highlighted how a lot of its meat and dairy produce was British with big patriotic displays across the store.Lidl highlighted the British origins of some of its products.Grace Dean/insiderThe store also had a huge outdoor sign facing the main road proclaiming it as "big on British," as well as union jacks dotted across some of its packaging.Lidl highlighted the British origins of some of its products.Grace Dean/InsiderAt the store in Limehouse, you could pay either with a cashier or at a self-service checkout. While self-service facilities have been multiplying dramatically at British supermarkets over the last decade, they're more of a recent phenomenon at Aldi and Lidl, both of which are known for their fast-scanning staff.The checkouts at a Lidl in Limehouse, London.Grace Dean/InsiderLike at other stores, Lidl used the space behind the conveyor belt to plug last-minute items shoppers may have forgotten as well as snacks and treats. These included batteries, chewing gum, and small packs of peanuts. But the area had seemingly been used as a dumping ground for customers who'd changed their mind on which products they wanted ...The checkouts at a Lidl in Limehouse, London.Grace Dean/Insider... as well as the checkout behind me, which was closed and was full of miscellaneous shopping and crates.The checkouts at a Lidl in Limehouse, London.Grace Dean/InsiderUK supermarkets have to charge for carrier bags. As well as plastic bags, Lidl sells a variety of more durable shopping bags, which it usually stores under the conveyor belt – but the store I went to appeared to be clean out.The checkouts at a Lidl in Limehouse, London.Grace Dean/InsiderLidl stores are designed to maximize efficiency. This includes bag packing. Rather than packing your bags at the checkouts like at other UK supermarkets, at Lidl shoppers simply put their scanned items back in their baskets to save on time. A table behind the checkouts gives customers space to then sort their purchases into bags.A table behind the checkouts gives customers space to sort their basket into bags.Grace Dean/InsiderHere's what I bought. It came to £26.55 (around $32.80). For me, the items from Lidl's pick-and-mix bakery probably stood out as the best deals, with the pain au chocolat costing just £0.49 (around $0.60).What I bought from Lidl.Grace Dean/InsiderThe prices of some of the other items, like four pints of milk for £1.25 ($1.55) and bananas for £0.78 ($0.96) per kilogram, were exactly the same as at leading UK grocery store chain Tesco.What I bought from Lidl.Grace Dean/InsiderThe Lidl store I visited was chaotic, and I didn't enjoy shopping there. The store was hard to navigate, the aisles were cluttered, some products were out of stock, and I couldn't find chickpeas anywhere.Products in a Lidl store in Limehouse, London.Grace Dean/InsiderAnd with so many signs touting discounts, it was hard to tell where the real bargains were. Many of the prices seemed comparable to other UK grocery stores. In the past, I've enjoyed shopping at Lidl because of the variety of the produce and the opportunity to buy lower-price versions of big-label brands, but this particular store left me with a sour taste.A promotional display in a Lidl store in Limehouse, London.Grace Dean/InsiderRead the original article on Business Insider.....»»

Category: worldSource: nytMay 15th, 2022

The Tucker Carlson origin story

Tucker Carlson's journey from prep school provocateur to Fox News flamethrower, according to his friends and former classmates. Tucker Carlson during a CNN National Town Meeting on coverage of the White House sex scandal, on January 28, 1998.Richard Ellis/Getty Images Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. His bohemian artist mother abandoned her young family and cut Tucker and his brother out of her will. At a Rhode Island prep school and at Trinity College, classmates remember him as a skilled debater who could both amuse and infuriate his audiences. On Oct. 29, 1984, New York police killed an elderly Black woman named Eleanor Bumpurs in her own home. Bumpers, who lived in a public housing complex in the Bronx, had fallen four months behind on her rent. When officials from the city housing authority tried to evict her, she refused, and they called the police. Five officers responded by storming into her apartment. Bumpurs, who had a history of mental illness, grabbed a butcher knife as two officers pushed her against a wall with their plastic shields and a metal pole. A third officer fired two shots from his 12-gauge shotgun, striking Bumpurs in her hand and chest.Eleanor Bumpurs' death dominated the city's news for two months and led the NYPD to revise its guidelines for responding to emotionally disturbed individuals.At St. George's prep school, some 175 miles away in Rhode Island, the incident deeply haunted Richard Wayner. He was one of the school's few Black students and had grown up in a residential tower not far from where Bumpurs had lived. He earned straight As and was so admired that in 1984 his peers elected him senior prefect, the prep equivalent of student body president, making him the first Black class leader in the school's 125-year history. Harvard soon beckoned.Wayner was frustrated with how the St. George's community seemed to ignore the conversations about racial justice that were happening outside the cloistered confines of Aquidneck Island. It bothered Wayne that almost no one at St. George's seemed to know anything about Bumpurs' killing. "You had your crew, you put your head down, and you tried to get through three or four years of prep school with your psyche intact," Wayner said of those days.As senior prefect, one of the duties was to deliver an address each week at the mandatory Sunday chapel service. One Sunday, perched from the chapel podium, Wayner described the shooting as a sea of white faces stared back at him. He concluded with the words: "Does anyone think that woman deserved to die?"Near the front of the chapel, a single hand went up for a few brief seconds. It was Tucker Carlson.Eleanor Bumpurs was shot and killed by the New York Police Department on October 29, 1984APThen a sophomore, Tucker had a reputation as a gleeful contrarian – an indefatigable debater and verbal jouster who, according to some, could also be a bit of a jerk. "Tucker was just sort of fearless," said Ian Toll, a St. George's alumnus who would go on to be a military historian. "Whether it was a legitimate shooting may have been a point of debate but the fact was that Tucker was an underclassmen and the culture was to defer to the seniors." Wayner himself never saw Tucker's hand go up, and the two kept in touch over the years. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.)  Four decades later, glimmers of that prep school provocateur appear on Tucker's Prime Time show on Fox, which garners an average of between 3 to 4 million viewers a night. His furrowed visage and spoiling-for-a-fight demeanor are all too familiar to those who have known him for decades. In the words of Roger Stone, a Republican political operative, frequent guest, and longtime friend of Tucker's: "Tucker Carlson is the single most influential conservative journalist in America… It is his courage and his willingness to talk about issues that no one else is willing to cover that has led to this development."Tucker's name has even been floated as a possible Republican presidential candidate in 2024. "I mean, I guess if, like, I was the last person on earth, I could do it. But, I mean, it seems pretty unlikely that I would be that guy." he said on the "Ruthless" podcast in June, dismissing this possibility.Tucker's four decades in Washington, and his transition from conservative magazine writer to right-wing television pundit, have been well documented. But less well known are his early years and how they shaped him: his bohemian artist mother, who abandoned her young family and cut Tucker and his brother out of her will; the Rhode Island prep school where he met his future spouse; and his formation into a contrarian debater who could both amuse and infuriate his audience with his attention-getting tactics.Tucker declined to participate in an interview with Insider, saying in a statement. "Your level of interest in the boring details of my life is creepy as hell, and also pathetic," he wrote. "You owe it to yourself and the country to do something useful with your talents. Please reassess."California roots Tucker Carlson's West Coast roots burrow as deep as a giant redwood. He was born in San Francisco in May 1969 as the excesses of the Sixties peaked and the conservative backlash to the counterculture and the Civil Rights movement started to take shape. Tucker's mother, Lisa McNear Lombardi, born in San Francisco in 1945, came from one of the state's storied frontier families. Lisa's mother, Mary Nickel James, was a cattle baron heiress. Her great-great-grandfather had owned 3 million acres of ranchland, making him among the largest landowners west of the Mississippi. Her father Oliver Lombardi was an insurance broker and descendant of Italian-speaking Swiss immigrants. Lisa enrolled at UC Berkeley, where she majored in architecture. She met Richard Carlson, a San Francisco TV journalist from a considerably less prosperous background, while still in college. Lisa and Richard eloped in Reno, Nevada in 1967. The couple didn't notify Lisa's mother, who was traveling in Europe with her new husband at the time. "Family members have been unable to locate them to reveal the nuptials," a gossip item published in the San Francisco Examiner dished.Tucker arrived two years later. A second son, Buckley, was born two years after that. As Richard's career began to flourish, the family moved first to Los Angeles and then, in 1975, to La Jolla, a moneyed, beach-front enclave about 12 miles north of San Diego. When Lisa and Richard divorced a year later, in 1976, Richard got full custody of their sons, then 6 and 4. According to three of Tucker's childhood classmates, Lisa disappeared from her sons' lives. They don't recall Tucker talking about her, or seeing her at school events. Marc Sterne, Tucker's boarding school roommate who went on to be executive producer of the Tony Kornheiser Show, says the two didn't talk much about Tucker's relationship with his mother and he got the impression that Tucker and Richard were exceptionally close. When Sterne's own parents split up that year, he said Tucker was supportive and understanding. Lisa spent the next two decades as an artist – moving first to Los Angeles, where she befriended the painter David Hockney, and later split her time between France and South Carolina with her husband, British painter Michael Vaughan. In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. She soon legally adopted Tucker and Buckley.  When Lisa died in 2011, her estate was initially divided equally between Tucker, his brother Buckley, and Vaughan. But in 2013, Vaughan's daughter from another marriage found a one-page handwritten document in Lisa's art studio in France that left her assets to her surviving husband with an addendum that stated, "I leave my sons Tucker Swanson McNear Carlson and Buckley Swanson Peck Carlson one dollar each." A protracted battle over Lombardi's estate involving Vaughan and the Carlson brothers wound up in probate court. The Carlsons asserted the will was forged but a forensic witness determined that Lisa had written the note. The case eventually went to the California Appellate Court, which allowed the Carlson brothers to keep their shares in 2019."Lisa was basically sort of a hippie and a free spirit," said one attorney who  represented the Vaughan family and recalled having conversations about the case. "She was very liberal and she did not agree with Tucker's politics. But she stuck the will in the book, everyone forgot about it, and then she passed away."In a 2017 interview with The New Yorker, Tucker described the dissolution of his family as a "totally bizarre situation — which I never talk about, because it was actually not really part of my life at all." Several pieces of art produced by Tucker's mother, Lisa Lombardi, and her then-partner Mo Mcdermott in the home of a California collector.Ted Soqui for InsiderLisa When Lisa left her husband and two young sons, she was escaping suburban family life in favor of the more bohemian existence as an artist. One of Tucker and Buckley's former teachers said their mother's absence "left some sour grapes." "I felt they sided with the father," Rusty Rushton, a former St. George's English teacher said. After the divorce, Lisa returned to Los Angeles and tried to break into the city's thriving contemporary art scene. She befriended Mo McDermott, an LA-based British sculptor, model, and longtime assistant to David Hockney, one of the most influential artists of the 20th century. A few years before he met Lisa, the scene was captured in Jack Hazan's 1974 groundbreaking documentary "A Bigger Splash," which followed Hockney and his coterie of gay male friends idly lounging around the pool in his Hollywood Hills home."When love goes wrong, there's more than two people who suffer," said McDermott, playing a slightly exaggerated version of himself, in a voiceover in the documentary.Lisa and McDermott became a couple and Lisa won admission into Hockney's entourage. Hockney lived a far more reclusive lifestyle than his pop art compatriot Andy Warhol but some four dozen or so artists, photographers, and writers regularly passed through his properties."She was more like a hippie, arty kind of person. I couldn't ever imagine her being a mother," said Joan Quinn, the then-West Coast editor of Andy Warhol's Interview Magazine, who knew Lisa during those years and still owns several of her works. "She was very nervous all the time… She was ill-content."The pair were often seen at Hockney's Hollywood Hills home and at Friday night gallery openings on La Cienega Boulevard. They collaborated on playful, large-scale wood sculptures of animals, vegetables, and trees. A handful of their pieces could be seen around Hockney's hillside ranch."Hockney had me over to meet them. He wanted a gallery to handle their work," said Molly Barnes, who owns a gallery in West Hollywood and gave the pair shows in 1983 and 1984. "They were brilliant and David loved Mo. He thought they were the best artists around.""She was quiet and intellectual and somewhat withdrawn," Barnes said. "She had come from a lot of money and that reflected on her personality. She wasn't a snob in any way but she had the manners of a private school girl and someone who was fighting the establishment."A sculpture by Tucker's mother, Lisa Lombardi, and her then-partner Mo Mcdermott in the home of a California collector.Ted Soqui for InsiderNone of them recall Lisa discussing her two sons. McDermott died in 1988. After his death, Hockney discovered that McDermott had been stealing drawings from him and selling them. Hockney said the betrayal helped bring on a heart attack. "I believe I had a broken heart," Hockney told The Guardian in 1995. (Hockney did not answer multiple inquiries about Lisa or McDermott.)In 1987, Lisa met Vaughan, one of Hockney's peers in the British art scene known as the "Bradford Mafia." They married in February 1989 and for years afterward they lived in homes in the Pyrenees of southwest France and South Carolina's Sea Islands.Lisa continued to make art, primarily oversized, wooden sculptures of everyday household items like peeled lemons and dice, but she exhibited her work infrequently. She died of cancer in 2011, at which point Carlson was a decade into his media career and a regular contributor on Fox News. Richard In contrast to Lisa's privileged upbringing, Richard's childhood was full of loss. Richard's mother was a 15-year-old high school girl who had starved herself during her pregnancy, and he was born with a condition called rickets. Six weeks later, his mother left him at an orphanage in Boston called The Home for Little Wanderers. Richard's father, who was 18, tried to convince her to kidnap the infant and marry him, but she refused. He shot and killed himself two blocks from her home.A Massachusetts couple fostered Richard for two years until he was adopted by a wool broker and his wife, which he described in a 2009 reflection for the Washington Post. His adoptive parents died when he was still a teenager and Richard was sent to the Naval Academy Preparatory School. He later enlisted in the Marines and enrolled in an ROTC program at the University of Mississippi to pay for college.In 1962, Richard developed an itch for journalism while working as a cop in Ocean City, Maryland at the age of 21, and the future NBC political correspondent Catherine Mackin, helped him get a copy boy job at the Los Angeles Times. Richard moved to San Francisco three years later and his career blossomed. He started producing television news features with his friend, Lance Brisson, the son of actress Rosalind Russell. They filmed migrant farm workers in the Imperial Valley living in cardboard abodes in 110 degree weather, traipsed the Sierra Nevada mountains to visit a hermit, and covered the Zodiac Killer and Bay Area riots (during one demonstration in 1966, they sent television feeds from their car where they trapped for four hours  and a crowd roughed up Brisson, which required four stitches under his left eye). Another time, they rented a helicopter in search of a Soviet trawler but they had to jump into the Pacific Ocean when the chopper ran low on fuel near the shore and crashed.In 1969, Richard and Brisson co-wrote an article for Look Magazine that claimed San Francisco Mayor Joseph Alioto had mafia ties. Alioto sued the magazine's owner for libel and won a $350,000 judgment when a judge determined the article's allegations were made with "actual malice" and "reckless disregard for whether they were true or not." (Richard was not a defendant in the case and has stood by his story. Brisson declined an interview.)Richard moved back to Los Angeles to join KABC's investigative team two years later. One series of stories that delved into a three-wheeled sports car called the Dale and the fraudulent marketing practices of its founder, Geraldine Elizabeth Carmichael, won a Peabody award in 1975. The series also outed Carmichael as a transgender woman. (Richard's role in Carmichael's downfall was explored in the HBO documentary "The Lady and the Dale.") Soon after arriving as an anchor for KFMB-TV, San Diego's CBS affiliate, Richard ran a story revealing that tennis pro Renee Richards, who had just won a tournament at the La Jolla Tennis Club, was a transgender woman."I said, 'You can't do this. I am a private person,'" Richards, who years later would advise Caitlyn Jenner about her transition, urged the television journalist to drop his story, according to a 2015 interview. "His reply? 'Dr. Richards, you were a private person until you won that tournament yesterday.'" By the time he left the anchor chair in 1977 to take a public relations job with San Diego Savings and Loan, Richard had soured on journalism. "I have seen a lot of arrogance and hypocrisy in the press and I don't like it," he told San Diego Magazine in 1977. "Television news is insipid, sophomoric, and superficial… There are so many things I think are important and interesting but the media can be counted on to do handstands on that kind of scandal and sexual sensation."Years later, Richard said that he never tried to encourage his eldest son in politics or journalism, but that Tucker had a clear interest in both from an early age. "I never thought he was going to be a reporter or a writer. I never encouraged him to do that," Richard told CSPAN of his eldest son in 2006. "I actually attempted not to encourage him politically, either. I decided those are the things that should be left up to them."A LaJolla, California post card.Found Image Holdings/Corbis via Getty ImagesA La Jolla childhoodAfter the divorce, Richard and his boys stayed in La Jolla in a house overlooking the La Jolla Beach and Tennis Club. Friends of Tucker's would later say that the trauma of their mother's absence brought the three of them closer together.  "They both really admired their dad. He was a great source of wisdom. He's one of the great raconteurs you'll ever meet. They loved that glow that came from him," said Sterne, Tucker's boarding school roommate. "They both looked up to him, it was clear from my eyes."In an essay included in his book "The Long Slide: Thirty Years in American Journalism," Tucker described Richard as a kind parent who imbued family outings with a deeper message.One of Tucker's earliest memories, he writes, was from just after the divorce, when Tucker was seven and Buckley was five: the brothers gripping the edge of a luggage rack on the roof of his family's 1976 Ford Country Squire station wagon, while their father gunned the engine down a dirt road."I've sometimes wondered what car surfing was meant to teach us," Tucker wrote. "Was he trying to instill in us a proper sense of fatalism, the acknowledgement that there is only so much in life you can control? Or was it a lesson about the importance of risk?... Unless you're willing to ride the roof of a speeding station wagon, in other words, you're probably not going to leave your mark on the world."More often, the boys were left unsupervised and found their own trouble. Tucker once took a supermarket shopping cart and raced it down a hill in front of their house with Buckley in its basket. The cart tipped over, leaving Buckley with a bloody nose. He also recalled building makeshift hand grenades with hydrochloric acid and aluminum foil – using a recipe from their father's copy of "The Anarchist Cookbook"  and tossing them onto a nearby golf course."No one I know had a father like mine," Tucker wrote. "My father was funnier and more outrageous, more creative  and less willing to conform, than anyone I knew or have known since. My brother and I had the best time growing up."Richard sent Tucker to La Jolla Country Day, an upscale, largely white private school with a reputation as one of the best in Southern California, for elementary and middle school. In his book, "Ship of Fools: How a Selfish Ruling Class Is Bringing America to the Brink of Revolution," Tucker described his first grade teacher Marianna Raymond as "a living parody of earth-mother liberalism" who "wore long Indian-print skirts," and sobbed at her desk over the world's unfairness. "As a conservative, I had contempt for the whiny mawkishness of liberals. Stop blubbering and teach us to read. That was my position," he wrote. "Mrs. Raymond never did teach us; my father had to hire a tutor to get me through phonics.""I beg to differ," Raymond countered in an interview, saying that she was also Tucker's tutor during the summer after first grade and was even hired again. "I'm a great teacher. I'm sure he liked me." For her part, she remembered Tucker as a fair-haired tot who was "very sweet" and "very polite." (When The Washington Post reached out her her, she said Carlson's characterization had been "shocking.")  Friends from La Jolla remember that Tucker loved swimming the mile-and-a-half distance between La Jolla Shores Park and La Jolla Cove, jumping off cliffs that jut out into the Pacific Ocean, riffing on the drums, and playing Atari and BB gun games at the mall with his friends. "He was a happy kid. We were young, so we used to go to the beach. We did normal kid stuff," said Richard Borkum, a friend who is now a San Diego-based attorney. When they weren't at the beach or the mall, Borkum and another friend, Javier Susteata, would hang out at the Carlson home listening to The Who, AC/DC, and other classic rock bands. Borkum said the adults at the Carlson household largely left them alone. "I'm Jewish and Javier was Mexican and I'm not sure they were too happy we were going to their house," Borkum said.Another friend, Warren Barrett, remembers jamming with Tucker and going snow camping at Big Bear and snorkeling off Catalina Island with him in middle school."Tucker and I literally ate lunch together every day for two years," Barrett said. "He was completely the opposite of now. He was a cool southern California surfer kid. He was the nicest guy, played drums, and had a bunch of friends. And then something must have happened in his life that turned him into this evil diabolical shithead he is today."LaJolla is a upscale beach community outside of San Diego. Carlson and his family moved their in 1975.Slim Aarons/Hulton Archive/Getty ImagesSan Diego's next mayorRichard, meanwhile, was exploring a second career in public service. By 1980, he had risen to vice president of a bank headed by Gordon Luce, a California Republican power broker and former Reagan cabinet official. The following year, Richard's public profile got a boost when he tangled with another veteran television journalist, CBS's Mike Wallace. The 60 Minutes star had interviewed Richard for a story about low-income Californians who faced foreclosures from the bank after borrowing money to buy air conditioners without realizing they put their homes up for collateral. Richard had his own film crew tape the interview, and caught Wallace saying that people who had been defrauded were "probably too busy eating their watermelon and tacos." The remark made national headlines and Wallace was forced to apologize.Pete Wilson, the U.S. Senator and former San Diego mayor, encouraged Richard to run for office. In 1984, Richard entered the race to challenge San Diego Mayor Roger Hedgecock's re-election. "He was a very well-regarded guy," Hedgecock told Insider. "He had an almost Walter Cronkite-like appearance, but because he was in local news he was all about not offending anybody. He didn't have particularly strong views. He was nice looking, articulate, and made good appearances, but what he had to say was not particularly memorable other than he wanted me out of office."Sometimes Tucker tagged along for campaign events. "He would always show up in a sport coat, slacks and a bowtie and I thought that's really nice clothing for someone who is a kid," Hedgecock remembers. He was a very polite young man who didn't say much."Five days before voters went to the polls, Hedgecock went on trial for 15 counts of conspiracy and perjury, an issue that Richard highlighted in his television campaign ads. Richard still lost to Hedgecock 58 to 42 percent despite pouring nearly $800,000 into the race and outspending Hedgecock two to one. (Hedgecock was found guilty of violating campaign finance laws and resigned from office in 1985 but his convictions were overturned on appeal five years later.)People are seen near a beach in La Jolla, California, on April 15, 2020.Gregory Bull/AP PhotoPrep school In the fall of 1983, a teenaged Tucker traded one idyllic beachfront community for another.At 14, Tucker moved across the country to Middletown, Rhode Island, to attend St. George's School. (Buckley would follow him two years later.) The 125-year-old boarding school sits atop a hill overlooking the majestic Atlantic Ocean, and is on the other side of Aquidneck Island where Richard Carlson went to naval school. The private school was known as a repository for children of wealthy East Coast families who were not as academically inclined as those who attended Exeter or Andover. Its campus had dorms named after titans of industry, verdant athletic fields, and a white-sand beach.Senators Claiborne Pell and Prescott Bush graduated, as did Vermont Gov. Howard Dean, and poet Ogden Nash. Tucker's class included "Modern Family" actor Julie Bowen; Dede Gardner, the two-time Oscar-winning producer of "12 Years a Slave" and "Moonlight"; and former DC Entertainment president Diane Nelson. Billy Bush – "Extra" host, and cousin to George W. Bush – was three years behind him.Tuition at St. George's cost $13,000 per year in the 1980s (it's now up to $67,000 for boarding school students) and student schedules were tightly regimented with breakfast, classes, athletics, dinner, and study hall encompassing each day. Students were required to take religion classes, and attend chapel twice a week. Faculty and staff would canvass the dorms on Thursdays and Sundays to ensure no one skipped the Episcopal service. Tucker impressed his new chums as an hyper-articulate merrymaker who frequently challenged upperclassmen who enforced dorm rules and the school's liberal faculty members."He was kind of a California surfer kid. He was funny, very intelligent, and genuinely well-liked," said Bryce Traister, who was one year ahead of Tucker and is now a professor at the University of British Columbia. "There were people who didn't like Tucker because they thought he was a bullshitter but he was very charming. He was a rascal and a fast-talker, as full of shit as he is today."Back then Tucker was an iconoclast more in the mold of Ferris Bueller than preppy neocon Alex P. Keaton, even if his wardrobe resembled the "Family Ties" star. Students were required to wear jackets, ties, and khakis, although most came to class disheveled. Tucker wore well-tailored coats and chinos, pairing his outfit with a ribbon-banded watch and colorful bowtie which would later become his signature. "He was always a very sharp dresser. He had a great rack of ties. He always knew how to tie a bowtie but he didn't exclusively wear a bowtie," said Sterne, Tucker's freshman year roommate. "He always had great clothes. It was a lot of Brooks Brothers." Their crew crew held court in each others' dorm rooms at Auchincloss, the freshman hall, kicking around a Hacky Sack and playing soccer, talking about Adolph Huxley, George Orwell, and Hemingway, and dancing to Tom Petty, the Grateful Dead, and U2 on the campus lawn. Televisions weren't allowed so students listened to their Sony Walkman swapping cassette recordings of live concerts. Tucker introduced several bands to his friends."He loved classic rock and he was and still is a big fan of Jerry Garcia and the Grateful Dead," said Sterne, who saw a Dead show with Tucker at RFK Stadium in 1986.Sometimes the clique got slices at Aquidneck Pizza and played arcade games in town, hung out in history instructor William Schenck's office, and smoked pot and Marlborough Red cigarettes on a porch in the main building's common room that faced the ocean, according to multiple sources. When the school administrators banned smoking indoors the following year so they congregated behind the dumpster behind the dining hall. Vodka (often the brand Popov) mixed with Kool-Aid was the drink of choice and students stockpiled bottles under their beds.Tucker was an enthusiastic drinker, half a dozen classmates recall. In his book, "The Long Slide," Tucker credits Hunter S. Thompson's "Fear and Loathing in Las Vegas" for enticing him to try drugs in 10th grade, The experience gave him "double vision and a headache." By the time he got to college, Tucker writes, "I switched to beer."By the late 1990s Tucker stopped smoking. He eventually cut alcohol too in 2002 after drinking so much while covering George W. Bush in New Hampshire during the 2000 primary that he accidentally got on the wrong plane, according to a friend.Most of Tucker's fellow students remember him best as a skilled speaker."He was always eager to take the less palatable side of the argument and argue that side," said Mahlon Stewart, who attended prep school and college with Tucker and is now a geriatric specialist at Columbia University. "Back then it was comedic. I thought it was an act.""His confidence was just amazing. He could just put out some positions and be willing to argue anything no matter how outlandish," Keller Kimbrough, a former classmate who's now a professor at the University of Colorado. "We were talking about politics and religion one time Tucker pulled this card out of his wallet and said, 'Well actually I'm an ordained minister, I'm an authority on the subject.' This was a stunt. He could literally play the religion card." "When he got the job at Fox I just thought 'Wow that's perfect for him, that's exactly what he can do.'"Their dorm room discourses were never serious. Tucker would pick a side in a debate between whether the color red or blue were better, and the crowd would erupt whenever he made a good point, friends said.  "Even at age 15 he was verbally dexterous and a great debater," Ian Toll said. "His conservative politics was fully formed even back then. He believed in strong defense and minimal government."His teachers saw a pupil who was primed for law school."Language and speaking came naturally to him. He took pleasure in it," said Rusty Rushton, Tucker's former English teacher. Tucker's politics, though, "seemed fluid to me," Rushton said. "I don't think of him as a deeply ensconced ideologue."He ditched soccer after sophomore year to act in a school theater production of Ayn Rand's courtroom thriller "Night of January 16th" (Julie Bowen starred as the prosecuting attorney. Tucker played a juror). But Tucker found his voice in competitive debate when he eventually joined the school's debate club. The team traveled to other private school campuses to compete against schools like Andover, Exeter, and Roxbury Latin in tournaments."He won some debate and basically did a victory lap afterward and got in the face of all the faculty there," one alum from a rival school who debated against Tucker said. "After defeating the student team, he started challenging the faculty, and said, 'Do any of you want to take me on? Are any of you capable of debating me?'"SusieIn the fall of Tucker's sophomore year, a new headmaster arrived at St. George's, Rev. George Andrews II. Andrews' daughter, Susie – who Tucker would eventually marry – was in Tucker's class. According to school tradition, a rotating group of underclassmen was charged with serving their classmates dinner and, one night in late September, Tucker and Susie had the shift at the same time. "They were sitting at a table at the far end of Queen Hall just leaning in, talking to each other," Sterne recalled. "You could see the sparks flying, which was cool."Susie floated between the school's friend groups easily. When she was seen mingling with Tucker, some questioned what she saw in him."People were saying, 'Come on Susie, why are you dating Tucker?' He's such a loser slacker and she was so sweet," Traister said. The pair started dating at the age of 15 and quickly became inseparable. Tucker gained notoriety on campus for repeatedly sneaking into Susie's room on the second floor of Memorial Schoolhouse, the school's stately administrative office that housed the headmaster's quarters. He had less time for his dumpster buddies now that the couple hung out on the campus lawn, attended chapel and an interdenominational campus ministry organization called FOCUS. His senior yearbook included a photo of Tucker squinting in concern to a classmate, with the caption "What do you mean you told Susie?While Susie was universally liked within the St. George's community, her father was polarizing.Andrews led the school during a turbulent period – it was later revealed – when its choirmaster Franklin Coleman was accused of abusing or having inappropriate conduct with at least 10 male students, according to an independent investigation by the law firm Foley Hoag in 2016. (Two attorneys representing several victims said 40 alumni contacted them with credible accounts of molestation and rape accusations at the hands of St. George's employees between 1974 and 2004 after a 2015 school-issued report detailed 26 accounts of abuse in the 1970s and 1980s. (Coleman was never criminally charged and he has not responded to Insider's attempts to reach him.) Over his eight-year tenure as school music director, from 1980 to 1988, Coleman invited groups of boys to his apartment for private parties. Sometimes he shared alcohol and pot with some of them, gave them back and neck rubs, showed pornographic videos, traveled with them on choral trips and stayed in their hotel rooms, and appeared nude around some of them, the report found. Several of Tucker's classmates and former faculty said they had no reason to believe he would have been aware of the accusations. "There were rumors circulating wildly that Coleman was bad news. The idea was he would cultivate relationships with young men," Ian Toll, a St. George's alum, said. "Anyone who was there at that time would have likely been aware of those rumors."Andrews told Foley Hoag investigators he was not aware of any complaints about Coleman until May 1988 (by then, Tucker had finished his freshman year in college) when school psychiatrist Peter Kosseff wrote a report detailing a firsthand account of misconduct. But Andrews acknowledged to investigators the school could have been aware of "prior questionable conduct" before then, the report said. Andrews fired Coleman in May 1988 after the school confronted Coleman with allegations of misconduct and he did not deny them. According to the investigation, Andrews told students Coleman resigned due to "emotional stress" and that he had the "highest regard and respect for him." On the advice of a school attorney, Andrews did not report the music teacher to child protective services. He also knew that his faculty dean wrote Coleman a letter of recommendation for a job at another school, according to investigators. Andrews left the school a few weeks after Coleman departed. By September 1989, he was named headmaster at St. Andrew's School in Boca Raton, Florida which he led for 18 years. (Andrews declined to speak about Tucker or his tenure at either school.) St. George's, meanwhile, reached an undisclosed settlement with up to 30 abuse survivors in 2016. Coleman found work as a choir director at Tampa Preparatory School in Tampa Bay, Florida before he retired in 2008. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.Dina Rudick/The Boston Globe via Getty ImagesTrinity In the fall of 1987, Tucker enrolled at Trinity College in Hartford, CT, where Rev. Andrews had also attended.Nearly two-thirds of Trinity's student body back then originated from private schools and many came from wealthy backgrounds. Tuition in 1987 cost $11,700 plus an additional $3,720 for room and board—around $27,839 in today's dollars."When the Gulf War broke out" in 1990, one Trinity alum who knew Tucker recalled, "there was a big plywood sign in front of the student center that read, 'Blood for Oil,' and someone else threw a bucket of paint on it."The posh campus was situated in the middle of Hartford, Connecticut, the state's capital and one of its poorest cities. Discussions about race and inequality were sometimes at the forefront of campus politics, but many students avoided engaging in them entirely."There were issues about whether black students should only date other black students, that kind of thing," said Kathleen Werthman, a classmate of Tucker's who now works at a Florida nonprofit for people with disabilities. "My sophomore year, for new students, they had a speaker talking about racism, and one of the students said, 'I never met a black student, how are you supposed to talk to them?' And the idea that only white people can be racist was challenged too."Susie was at Vanderbilt in Nashville, Tennessee. His brother remained in Rhode Island and other prep school friends had fanned out across the East Coast. Tucker moved into a four-bedroom dormitory overlooking the main quad. One suitemate, Neil Patel, was an economics major from Massachusetts who played intramural softball. (They would co-found the Daily Caller together two decades years later.) Other roommates played on the varsity soccer team and they formed a tight-knit group."I remember being struck by him. He was the same way he is now," said Rev. Billy Cerveny, a college friend of Tucker's who's now a pastor at Redbird Nashville. "He was a force of nature. He had a sense of presence and gravitas. You might get into an argument with him, but you end up loving the guy."Tucker often went out of his way to amuse his friends. Once during the spring semester, several activists set up a podium and microphone beneath his dorm window to protest the CIA's on-campus recruitment visits. The demonstration was open-mic so Tucker went up to the stage and told the crowd of about 15 people, "I think you're all a bunch of greasy chicken fuckers.""I think people laughed. He did," Cerveny said. "There was always a small collection of people any time there was an issue who tried to stir the pot in that way. Some people were dismissive and other people loved it, thinking 'Oh we're getting a fight here.'"As a sophomore, Tucker and his friends moved into a dingy three-story house on Crescent Street on the edge of the campus. He ditched his tailored jackets, khakis, and bowties for oversized Levi jeans, t-shirts, and untucked oxford shirts. Tucker commandeered a low-ceilinged room above the front porch with so many windows he had to hang up tapestries to keep out the sun. The tiny alcove had barely enough space for an eight-foot futon and several bookshelves Tucker built himself stacked with books he collected. Friends remember Tucker receiving an 8-by-10 manilla envelope that his father sent through the mail once or twice a month containing dozens of articles from newspapers and magazines.One of Tucker's friends, Cerveny, remembered stopping by Richard's home in Washington, D.C. and finding evidence of his hobbies, including the world's second largest collection of walking sticks."His house was filled with rare canes he collected from all over the world," Cerveny said. "The hallways had really amazing rows of canes hung on hooks that were specially made to mount these things on the house. One used to be a functional shotgun, another one was made out of a giraffe. His dad would pull out newspaper clippings of WWII Navy aircraft carriers. It changed the way I thought about a lot of things. I had never seen anything like that. Who collects canes?"During sophomore year, Tucker's friends decided to rush Delta Phi, a well-to-do fraternity also known as St. Elmo's. The Greek scene had a large presence on campus — about 20 percent of men joined them even though Trinity was a liberal arts school — and St. Elmo's had a reputation as freewheeling scamps. Once a year, a St. Elmo's brother would ride his motorcycle naked through the campus cafeteria. (Faculty voted in 1992 to abolish Greek life saying they were sexist and racist, and school administrators instead forced fraternities to become co-ed.)But Tucker refused to come aboard. Some classmates thought it was because he didn't want to be hazed."Tucker was not a joiner like that," Mahlon Stewart said. "He wouldn't have set himself up for whatever humiliation would have been involved. He would not have put up with that." But Cerveny, who pledged the fraternity, said it was a matter of faith."I remember explicitly him saying 'Look, I want to focus on what my faith is about and I thought this would be a big distraction,'" Cerveny said. "But he was very much in the mix with us. When we moved to a fraternity house [on Broad Street], we asked him to live with us."Tucker occasionally dropped in on his friends' fraternity events and occasionally brought Susie when she visited or Buckley when he drifted into town. Other times they hung out at Baker's Cafe on New Britain Avenue. Mostly Tucker stayed in his room."He was basically a hermit. It wasn't like he was going to a ton of parties" one Trinity St. Elmo's brother said. "He was not a part of the organizational effort of throwing big parties, or encouraging me to join the fraternity." Susie, who didn't drink or smoke, was a moderating influence. "Tucker and Susie had their moral compass pointing north even back then," Sterne said. "Tucker's faith was not something he was focused on in his early years but when he met Susie and he became close to her family, that started to blossom and grow in him. Now it's a huge part of his life."By the time his crew moved to another house on Broad Street, they each acquired vintage motorcycles and tinkered with them in their garage. Tucker owned a 1968 flathead Harley Davidson that barely ran and relied on a red Jeep 4X4 to transport friends around town (the Volkswagen van he had freshman year blew up). He smoked Camel unfiltered cigarettes, sipped bourbon, and occasionally brewed beer in the basement, including a batch he named "Coal Porter," according to GQ.When he wasn't reading outside of his courses or tinkering with his carburetor, Tucker took classes in the humanities and ultimately majored in history. Tucker dabbled in other fields including Russian history, Jewish history, Women's Studies, and Religious Studies, sitting in the back of lecture halls with his friends. Ron Kiener, who taught an introductory level course in Judaism, recalled Tucker performing "poorly" but earning a credit. "He did not get a stellar grade from me," Kiener said. "Based on what he says now he surely didn't get very much out of my courses."But Leslie Desmangles, who led courses in Hinduism, Buddhism, and Myth, Rite, and Sacrament, said Tucker was engaged and likely did just enough to pass his courses even if he wasn't very studious or vocal in class discussions."He was interested in understanding the nature of religious belief and studying different cultures and religions but I'm not sure if he had an interest in diversity," Desmangles said. "He was genuinely interested in ritual since a lot of the Episcopal church is highly ritualistic."Tucker's fascination with religion extended to his extracurricular activities too. He and several friends joined Christian Fellowship, a Bible study group that met weekly and helped the school chaplain lead Sunday services. Some members even volunteered with ConnPIRG, a student advocacy group on hunger and environmental issues, and traveled to Washington D.C. to protest the Gulf War. But Tucker steered clear of campus activism. He spent his free time reading and seeing Blues Traveler, Widespread Panic, and Sting perform when they came through Connecticut. Sometimes he skipped school to follow his favorite band, the Grateful Dead, on tour.He took an interest in Central American politics too. At the end of freshman year, Tucker and Patel traveled to Nicaragua. "We did not have a place to stay or any set plans," Tucker told the Trinity Tripod, his college paper, in March 1990. "It was very spontaneous. We are both extremely political and we felt that getting to know the country and some of its citizens would give us a better perspective on the situation." In February 1990, Tucker returned with three friends to Managua for 10 days to observe Nicaragua's elections. The National Opposition Union's Violetta Chamoro, which was backed by the U.S. government, defeated the leftist Sandinista National Liberation Front Daniel Ortega who had been in power since 1979. A month later Tucker and his classmate Jennifer Barr, who was separately in Nicaragua to observe elections and distribute medical supplies to the Sandinistas, shared their perspectives about their visits to a small crowd at the Faculty Club for the school's Latin America Week. Tucker thought press coverage of the election was too left-leaning and criticized the media for skewing a conservative victory, according to Barr."I don't think it was necessarily true," Barr said. "He was dismissive [about my views]. I did get a sense that he believed in what he was saying, and it was very different from my experience and my understanding of the race."Tucker's stance on U.S. politics at the time was less didactic. As the 1992 presidential election loomed his senior year, Tucker touted the independent candidacy of Ross Perot, a Texas business magnate, to his friends although it did not appear that Tucker was an ardent supporter."Tucker would go on and on about how Ross Perot was the answer to this or that, as a joke, and every one would participate" one St. Elmo's brother said. "He liked the way Ross Perot was basically throwing a wrench into the system. He wasn't a serious Ross Perot proponent. He was cheering on somebody who was screwing up the system."In Tucker's college yearbook, below his tousle-haired, bowtie wearing thumbnail photo, was a list of his extra-curricular activities: "History; Christian Fellowship 1 2 3 4, Jesse Helms Foundation, Dan White Society." Neither of the latter two – named, respectively, after the ultra-conservative North Carolina Senator, and a San Francisco supervisor who assassinated Harvey Milk in 1978 – ever existed. Tucker admired Helms for being a "bull in the china shop" of Congress, one classmate said. Some friends believed Tucker slipped in the off-color references as a lark."It's like a joke you and a friend would put in a series of anagrams that only you and two friends would remember and no one else would," the St. Elmo's friend said. "It's so niche that only someone like Tucker is thinking things like that or would even know the name of the person who killed Harvey Milk. He paid attention to things like that."Others claimed Tucker was the victim of a prank."It would not at all surprise me if one of the other guys in the [fraternity] house filled it in for him, and not just an inside joke, but pegging him with something that he got grief for," another close friend said. Protesters rally against Fox News outside the Fox News headquarters at the News Corporation building, March 13, 2019 in New York City.Drew Angerer/Getty ImagesAn outsider among insidersBy the spring of 1991, Tucker's academic performance had caught up with him. He had accumulated a 1.9 grade point average and may have finished with a 2.1 GPA, according to one faculty member who viewed a copy of his transcript. Tucker would eventually graduate from Trinity a year late. Falling behind was not uncommon. About 80 percent of Trinity students completed their degrees in four years, according to Trinity College records. (A Trinity spokeswoman would not comment on Tucker's transcript due to FERPA laws, which protect student privacy.Tucker's post-collegiate plans fell through too. Tucker applied to the CIA that spring. The spy agency passed."He mentioned that he had applied and they rejected him because of his drug use," another college friend said, while declining to be named. "He was too honest on his application. I also probably should say I don't know whether he was telling the truth or not." Once the school year was over, Tucker and Neil Patel hit the road on a cross-country motorcycle ride. After that: Washington DC.  Tucker's family left Southern California for Georgetown after President Reagan named his father head of Voice of America. In June 1991, President George H.W. Bush appointed Richard ambassador to the Seychelles and the Carlson family upgraded to a nicer house in Georgetown with a pool in the basement. That summer, with Tucker's father and stepmother often out of town, the Carlson household was the center of Tucker's social lives, the place they retired to after a night drinking at Georgetown college dive bars like Charing Cross and Third Edition, and pubs like Martin's Tavern and The Tombs, immortalized in St. Elmo's Fire. In August, Tucker and Susie got married in St. George's chapel and held a reception at the Clambake Club of Newport, overlooking the Narragansett Bay. Back in Washington, Tucker's prep school, college, and his father's Washington-based networks began to mesh. Tucker took a $14,000-a-year job as an assistant editor and fact checker of Policy Review, a quarterly journal published at the time by the Heritage Foundation, the nation's leading conservative think tank. For the next three decades, Tucker thrived in the Beltway: He joined The Weekly Standard and wrote for several magazines before appearing on cable news networks as a right-of-center analyst and host at CNN, PBS, and MSNBC. His father embarked on a third career as a television executive where he ran the Corporation for Public Broadcasting and his brother became a political operative and a pollster. By the time Tucker reached the core of the conservative media sphere, a slot on Fox News's primetime opinion lineup, he shed friends from his youth who couldn't grapple with the hard-right turn he veered once he became the face of the network.One friend was not surprised with Tucker's act. In the spring of 2016, during the heat of Donald Trump's presidential campaign against Hilary Clinton and a few months before "Tucker Carlson Tonight" premiered on Fox, Tucker had lunch with his old prep school classmate Richard Wayner who made the speech about Eleanor Bumpurs all those years ago. Wayner believed Tucker's gesture from his pew was never serious. "As a 9th or 10th grader in a chapel full of people in a conversation, he was trying to get attention," Wayner said.The two stayed in touch over the years and Tucker at one point suggested he write a handful of pieces for the Daily Caller, the conservative news and opinion site that Tucker co-founded and ran in the 2010s. As they settled into their table at a Midtown Manhattan steakhouse, the two chatted about Wayner's experience on the board of St. George's (which Susie was about to join) and their respective careers. Tucker was floating around at Fox, and Wayner, now an investor and former Goldman Sachs investment banker, said the conversation drifted toward salaries."He was asking, 'How much do you make on Wall Street' and was like, 'Wow, Wall Street guys make a lot.'" Wayner said. When they left the restaurant and headed back toward the Fox News headquarters, several people recognized Tucker on the street even though he had jettisoned his trademark bowtie years ago. Wayner saw Tucker making the pragmatic decision to follow a business model that has made his conservative media counterparts a lot of money."I don't think he has a mission. I don't think he has a plan," Wayner said. "Where he is right now is about as great as whatever he thought he could be.""Tucker knows better. He does. He can get some attention, money, or both." he added. "To me, that's a shame. Because he knows better." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 5th, 2022

New Jan. 6 Bodycam Videos Show DC Police Officer Assaulting Unconscious Protester

New Jan. 6 Bodycam Videos Show DC Police Officer Assaulting Unconscious Protester Authored by Joseph M. Hanneman via The Epoch Times, A District of Columbia police officer used a large wooden stick to strike the body and head of protester Rosanne Boyland three times as she lay motionless on the ground on Jan. 6, 2021, according to bodycam footage from several officers obtained by The Epoch Times. Use-of-force expert Stanley Kephart, upon reviewing the previously unreleased footage, concluded that the three full-force blows by D.C. police officer Lila Morris constituted a felony assault with intent to cause great bodily harm. Kephart called Morris’s use of force “indefensible” and the internal-affairs investigation of Boyland’s death a “clear and convincing coverup.” “I think that the first thing that occurred is an assault under the color of authority by Morris,” Kephart told The Epoch Times. “That is a crime, an arrestable offense.” Police at the mouth of the Lower West Terrace tunnel at the U.S. Capitol ignored dozens of pleas to help Boyland after she collapsed, the videos show. When a lifeless Boyland was pulled inside the building more than 10 minutes later, other police and EMS personnel began 50 minutes of life-saving efforts that ultimately failed. An independent forensic pathologist hired by the Boyland family contends that her cause of death wasn’t an overdose of the prescription drug Adderall—as reported by the D.C. medical examiner—but manual asphyxia. Boyland was crushed under a pile of people when police gassed protesters and pushed them out of the tunnel at about 4:20 p.m. on Jan. 6. ‘Under the Color of Authority’ Kephart, a 42-year law enforcement veteran and former director of security for the 1984 Los Angeles Summer Olympics, reviewed Boyland’s case at the request of The Epoch Times. He has testified as a witness more than 350 times on topics including excessive force, police discipline, officer safety, and crowd control. Kephart concluded that Morris’s use of force was a felonious “assault under the color of authority,” with intent to cause great bodily harm. He said that Morris should be prosecuted in criminal court and fired from the D.C. Metro police force. “I believe two things were in operation here. One was anger at this person,” Kephart said, referring to Boyland. “That was overridden by fear. And those two elements were the causal connection between what was done to the person by the officer and the result.” Rosanne Boyland was struck with a wooden stick on Jan. 6, 2021: once in the ribs and twice in the head, video evidence shows. (Metropolitan Police Department Bodycams/Graphic by The Epoch Times) The force used against Boyland fails a four-part standard set in the 1989 U.S. Supreme Court case Graham v. Connor, Kephart said: whether force was ever needed and appropriate in the situation, the extent of the injury, and “whether the force was applied in a good-faith manner to maintain and restore discipline, or maliciously and sadistically.” Police are trained not to strike people in the head with a blunt object. In the West Terrace tunnel, something overcame that training, Kephart said. “If you have a trained officer who is angry at what the crowd is doing and the crowd rises up and puts him in a position where he feels his personal safety is compromised, fear begins to take over the anger, and the reflexive response throws the training right out the window,” Kephart said. Chief Robert Contee of the Metropolitan Police Department didn’t respond to a request for comment. A message left with the department’s public information office wasn’t returned. Justin Winchell reacts in horror when his friend Rosanne Boyland is struck in the head with a wooden stick. Boyland was struck three times. Officer Lila Morris tried striking a fourth time, but the stick flew from her hand. (Metropolitan Police Department Bodycam/Screenshot via The Epoch Times) One protester who allegedly used the same wooden stick to strike and jab at police in the terrace tunnel was charged with assaulting, resisting, or impeding certain officers using a dangerous weapon. Jonathan Mellis was charged in a 10-count indictment on March 10, 2021. He pleaded not guilty. Mellis is being held in jail pending trial. Police Ignored Pleas for Help Police bodycam video shows protesters begging officers to render life-saving aid to Boyland from the moment she collapsed at the mouth of the tunnel. The pleas grew more desperate as it became apparent Boyland was dying. That sparked a violent backlash from rioters, who attacked the police line with fists, flag poles, sticks, and a whisk broom. “There’s people under here!” shouted Justin Winchell, Boyland’s friend who accompanied her to Washington that day. “There’s people trapped under here!” A protester right at the police line who was bleeding from a baton strike to the head pointed to Boyland and pleaded for help. “Get her up. Get her up! Get her up, please,” the man urged. “Save her life! Save her life, please!” One officer used his baton and boots to push five protesters on top of Boyland, bodycam video shows. “Please get her up! She’s gonna die!” Winchell shouted. There was the sound of a female coughing as a battle raged above and around Boyland. The coughing stopped at 4:26:04 p.m., according to a timeline developed by The Epoch Times from police bodycam footage. A few seconds later, the large crowd on the terrace began chanting, “I can’t breathe! I can’t breathe!” “My God! She’s dead! She’s dead! Rose!” Winchell cried at 4:26:52 p.m. “Rosanne! I need somebody! She’s dead! … I need somebody! I need medics!” Just shy of 4:28 p.m., protester Luke Coffee of Dallas stepped to the front of the police line, held up his hand, and shouted, “Stop!” He was squirted in the face with pepper spray but maintained his position. A rioter threw a large wooden stick at Morris from out in the crowd. At the time, Morris was in the tunnel, crouching behind a protester who had his arms covering his head. 3 Strikes Morris picked up the wooden stick, raised it over her head, and struck Coffee on the right elbow, bodycam video shows. She aimed a second strike at Coffee but missed. The video then shows that Morris raised the stick over her head with both hands and unleashed three quick hits to Boyland’s body: one to the ribs and two to the head. The second blow to the head drew a horrified reaction from Winchell. The wooden stick flew from Morris’s left hand as she wound up for another strike on Boyland, the videos show. Morris whiffed in her final attempted hit. The stick ricocheted off the tunnel arch and flew over Morris’s head. Coffee reached down and picked up an aluminum crutch that had been thrown at police several times during the afternoon. He held the crutch over his head for several seconds, then used it like a plow to push the police line back into the tunnel several feet. As Coffee pushed the police line back, bystanders dragged Boyland down several steps and began CPR. Nearly three minutes later, they carried her directly in front of the police line and continued doing CPR. No officers moved to lend assistance. At 4:31 p.m., Boyland was dragged by officers to the back of the tunnel and inside the Capitol. In the process, she lost her jeans, backpack, and top, leaving her clothed only in leggings, according to bodycam video. First responders perform CPR on Rosanne Boyland just inside the lower West Terrace tunnel entrance at the U.S. Capitol on Jan. 6, 2021. (Metropolitan Police Department Bodycam/Screenshot via The Epoch Times) A SWAT team member in a green tactical uniform began CPR. The D.C. Fire and EMS Department was summoned. Within a few minutes, a team of six to eight first responders was working to resuscitate Boyland. She was hooked to an automated external defibrillator. Morris watched the resuscitation efforts. At 4:38 p.m., her bodycam captures a female voice—likely Morris—asking, “Is he dead?” Boyland was loaded onto a makeshift gurney and wheeled to the east wing of the Capitol to meet a medical transport unit from D.C. Fire and EMS. “When we got into the Capitol, they had her on some sort of dolly or pull cart, and they were pulling her down the hallway towards us,” Capt. Ellen Kurland, an EMS supervisor, said in a Jan. 6 documentary produced by DC Fire and EMS. “We worked her for 30 minutes, and she had been down 20 minutes before we were even able to get to her.” Boyland was put on an IV and given epinephrine every four minutes to stimulate her heart. The rescue squad requested approval to depart for The George Washington University Hospital at 5:10 p.m. “Authorization was not granted,” read a summary of records obtained by the Boyland family. The records don’t indicate why the ambulance wasn’t allowed to leave the Capitol for a half-hour after requesting approval. A message from The Epoch Times left at the D.C. Metro Fire and EMS Department hasn’t been returned. The ambulance finally left the Capitol at 5:40 p.m. for the one-mile trip to the hospital. Due to traffic and road closures, the ambulance didn’t arrive at the emergency room until 6 p.m. Boyland was pronounced dead at 6:09 p.m. “We are not 100 percent [certain of] when she actually passed, but agree it was in that time frame [4:21 to 4:26 p.m.] and probably before Lila Morris got hold of that stick,” Bret Boyland, Rosanne’s father, told The Epoch Times. “No matter whether Rosanne was alive or not, we were shocked and appalled at the officer’s attack.” ‘Objectively Reasonable’ Troubled by the contradictions in the Boyland case, Gary McBride of Decatur, Texas, filed an excessive-force complaint against Morris with the Metropolitan Police Department in September 2021. “I don’t condone what happened at the Capitol, and I don’t condone the beating of anyone who is defenseless either,” McBride wrote to the D.C. Metro Internal Affairs Bureau on Sept. 14. “It doesn’t matter if you are a protester, preacher, or politician; you should be held accountable for your actions.” Two months later, in November 2021, Capt. David K. Augustine wrote to McBride and said, “The use of force within this investigation was determined to be objectively reasonable.” Cause of Death Disputed The D.C. Office of the Chief Medical Examiner performed an autopsy on Boyland on Jan. 7, 2021. The cause of death was ruled amphetamine intoxication. Boyland’s family questioned that conclusion. Boyland had a prescription for Adderall, a medication used to treat attention deficit hyperactivity disorder (ADHD). There was no visual evidence or witness statements to indicate any signs the drug impaired her on Jan. 6. First responders pull Rosanne Boyland on a makeshift gurney to meet a transport unit from DC Fire and EMS at the U.S. Capitol on Jan. 6, 2021. (Metropolitan Police Department Bodycam/Screenshot via The Epoch Times) The Boyland family hired Park Dietz & Associates to review the autopsy findings. The Park Dietz forensic pathologist agreed that the manner of death was an accident but concluded Boyland’s death was caused by manual asphyxia. Boyland was cremated, so a new autopsy was not possible. “Compressional asphyxia refers to a situation in which pressure exerted on the chest or back of an individual impedes normal breathing and often leaves no diagnostic physical findings,” read a summary of the Park Dietz report provided to The Epoch Times by the Boyland family. Amphetamine toxicity “was not the proximate cause of Ms. Boyland’s death, although it cannot be ruled in or out as a contributory factor,” the pathologist wrote. “The circumstances surrounding Ms. Boyland’s death are not consistent with a drug overdose as the proximate cause and cannot be ignored.” The original autopsy didn’t note any evidence of injury, except for a four-inch bruise on her right forearm. However, bodycam footage of Boyland being dragged from the tunnel entrance at 4:31 p.m. shows what appears to be a wound on her forehead. Another bodycam view seems to show a long red mark starting on the lower section of her left rib cage. Winchell told an Atlanta television station in 2021 that Boyland developed a nosebleed after the officer struck her in the face with the walking stick. “I want you to hear me: She was already blue, and the Capitol police—I kid you not—had been hitting everyone with batons and stuff, understandably,” Winchell said. “But I’m talking, she is laid out, maybe dead at this point, but they hit her at least two times in the body. And then they hit her once in the face, once right here in her nose, and some blood started coming out of her nose.” Rosanne Boyland and Justin Winchell in Washington on Jan. 6, 2021. (Boyland family/Screenshot via The Epoch Times) According to the autopsy, Boyland suffered left and right anterior rib fractures, but those were likely caused by CPR compressions, the Park Dietz report said. The report noted no evidence that a beating or traumatic injury contributed to her death. “This does not mean that she was not beaten by a police officer, only that she was already deceased at that time,” the Boyland family said in a statement. The report said it’s unclear what role chemical irritants sprayed by police and protesters might have had on Boyland’s death. Videos show mace dripping off the clothing of protesters near the police line. “Please stop pepper spraying,” an unknown man near Boyland pleaded at 4:26 p.m. “Her lungs are full of it.” Police used an unknown gas on protesters in the tunnel at 4:20 p.m. According to security video, a loud explosion was heard seconds beforehand, causing many protesters in the tunnel to drop to the ground. Chemical agents such as pyrotechnic oleoresin capsicum, delivered via an exploding munition, work primarily on the lungs. Witnesses in the tunnel described feeling like the oxygen was sucked from the air, making it impossible to breathe. The response was panic. Kephart said crowd-control munitions were a mistake in such a tight and crowded space. “If you’re using gas munitions to cause the air to be saturated with a gas displacing the oxygen, and causes them to panic and pass out, thereby clogging the ability for them to disperse because they’re passed out, you have created and worsened the problem,” Kephart said. “This is an absolute symptom of a lack of proper training. This offends common sense.” Police can allow fear to overcome their training in high-stress situations, but so can crowds like the one in the West Terrace tunnel. “The same thing is true with the crowds: If fear [strikes], they do the wrong thing,” he said. “They either drop-down, or they try to flee. And in attempting to do either of those two options, they worsen the circumstance in crowd compaction.” Birthday Filled With Sadness April 26 was a sad day at the Georgia home of Bret and Cheryl Boyland. Their late daughter Rosanne would have turned 36. Instead of enjoying a birthday celebration, the Boyland family had to confront the grief that has been ever-present since the night of Jan. 6, 2021. Rosanne’s parents struggle with many lingering questions about her death. Among them is the exact time their daughter died. Bret Boyland said that based on the review of Rosanne’s autopsy and other factors, he believes she died between 4:21 p.m. and 4:25 p.m. A review of video and audio from police bodycams identified a series of female coughs between 4:25:34 and 4:26:04. Boyland said the coughs were too short for him to tell if they came from his daughter. Bodycam and security video of Boyland’s time in the Capitol before being taken to the hospital provided some comfort to her family. “We were glad to get details of life-saving efforts after she was dragged into the Capitol,” Bret Boyland said. “She just got that attention too late.” Tyler Durden Fri, 04/29/2022 - 23:00.....»»

Category: dealsSource: nytApr 29th, 2022

Clothing Trends And Fast Fashion, How The Industry Is Losing Sight Of Sustainability Goals

The fashion industry has for the most part since its inception during the late 19th century helped signal a sense of individuality for consumers across the world. From designer fashion houses operated by single designers, to the behemoth commercial retail stores that are now scattered in towns and major cities nearly everywhere – fashion has […] The fashion industry has for the most part since its inception during the late 19th century helped signal a sense of individuality for consumers across the world. From designer fashion houses operated by single designers, to the behemoth commercial retail stores that are now scattered in towns and major cities nearly everywhere – fashion has remained a pinnacle of creativity and innovation. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more But as the industry pursued efforts in support of globalization, which popular brands taking up space on every busy street corner, and with the advent of the internet that helps celebrate the adoption of eCommerce and online shopping; the fashion industry has taken a turn in a different direction - and it’s contributing to the growing problem concerning global warming. A paper published by Princeton revealed the dangerous and seemingly unethical side that the fashion industry has ignored for decades. The paper indicates that garment manufacturers consume at least one-tenth of all freshwater used industrially; that’s around 10,000 liters of water to produce one kilogram of cotton or 3,000 liters per single cotton shirt. Supplementary research found that synthetic materials produced that are used in the manufacturing of selected garments contain more than 35% of microplastics and on average release more carbon emissions than the production of cotton. Historically, garments were made from natural materials such as wool or cotton, but that has all changed since the adoption of synthetic materials such as polyester helps lower cost and production time. As supply and demand rise and consumer novelty around fast fashion soars with the aid of social media and online shopping - one company has set out to make fast fashion a thing of the past, and bring new meaning to previously used designer labels. Fast Fashion Lacks Luxury and Quality In a recent attempt, some companies have gone as far as to change their business models which allows for more sustainable fashion efforts. Resellers of premium clothing brands and eCommerce platforms such as CODOGIRL, among others are now making luxury garments more accessible to buyers and consumers CODOGIRL was founded by Yulia and Andrey Omlich, who has been on a mission to reduce carbon emissions caused by the fashion industry. Companies are perhaps now more focused on promoting sustainable fashion, offering eco-friendly transparency about their practices. But although this might help add new meaning to resolving the issue, it doesn’t quite solve it. The concept behind platforms such as CODOGIRL is that previously designer items and garments can be resold on the market at a more affordable price, while still offering authentic value. This ensures that items remain purposeful, mitigating the chances for it to end in landfills. So what makes designer brands so much better? In contrast to popular belief, several articles have been researched and published that examined the main difference between high-end brands, and those that can easily be purchased in a commercial retail outlet or big box store. In a 2018 HuffPost article, fashion reporter Julia Brucculieri investigated manufacturers and designers on one specific item - the plain white T-shirt. Her investigation led to the following conclusion. Designer garments, in this case, the plain white T-Shirt are widely different from that of cheaper brands in several categories including, material grade and variety thereof, material brand, processing, and sustainability. Other contributing factors such as distribution and marketing also draw an impact on the final price, but to summarize, designer labels simply offer better overall quality. For expensive and high-quality garments to remain on the market longer than its initial shelf life, or wearing cycle, premium resellers need to reach a wider audience and market to ensure that luxury garments aren’t tossed aside once trends start to change throughout the season. To break this stereotype, CODOGIRL states that: “When we resell vintage designer bags and refashion vintage garments, we bring to life what would otherwise have ended up in landfills. We only use the finest pre-existing material to accent our refashioned pieces. What we do is a new definition of “Brand New.” Breaking the cycle from production to purchase to the landfill can help mitigate the impact consumer habits and the fashion industry at the final leg of the process have on the environment. It’s proving well-worth, and younger consumers are starting to catch on to the trend. The Lifespan Of Clothing A research study from 2020, surveyed consumers in what researchers dubbed the ‘Wardrobe Study.’ The study was aimed at measuring the average lifespan of clothing purchased by individuals, and included looking at the time it was purchased in years, the number of cleaning cycles, the number of users, and the textile which it is produced from. Their findings revealed that roughly 2% of surveyed consumers will never wear an item again, whereas 17% and 18% of consumers will wear an item 10 to 19 and 20 to 49 times again, respectively. Only 4% of surveyed consumers stated they will be able to wear a specific item more than 200 times in the near future. With this in mind, we can consider how consumers are purchasing for the short-term end of fashion, rather than looking to keep an item over an extended period of time. The Giving Fashion Blog makes more sense of this through their analysis, which explains how a $30 dress would most likely survive an average lifespan of three years if it’s only worn five times. On the other hand, a more expensive garment or dress would last on average 5.4 years longer and can sustain 30 wears during its lifetime. Premium reseller platforms and digital commerce spaces have been trying to pursue a new trend in the fashion industry, allowing consumers to repurpose designer labels, and high-end quality garment pieces without sacrificing the environment and their wallets while doing so. “Our customers are offered an opportunity to save money and look amazing without further harming our environment and using our planet’s resources. We at CODOGIRL believe that fashion consumers should make the sustainable fashion choice and reduce their consumption and dependence on fast-fashion polluters.” But major eCommerce giants such as Shein,, and other leading commercial fashion brands are making it difficult for consumers to truly see the impact their habits, and desire to remain in trend is having on the environment, and more recently, the laborer producing these garments. Fast Fashion Retailers on The Stock Market Being a big name in the fast fashion industry is one thing for major garment and apparel brands, as consumer spending habits, seasonal trends and the rise of eCommerce places itself at the core of the industry’s financial monopoly. But while consumers are able to access goods, and various products through online shops or retail outlets, a majority of these leading brands are dominating the fashion industry through their initial public offering (IPO) on the stock market. In 2021, it was reported that Shein made preparations to undergo a $47 billion IPO. While this turned out to be untrue, other global fashion brands such as Poshmark (NASDAQ:POSH) saw its valuation surpass $7 billion as shares traded increased 142% on the first day of trading. Lululemon Athletica (NASDAQ:LULU) has seen share prices soar by more than 634.4% in the last 5 years. These and other brands reveal the true underbelly of the fast fashion retail industry, as brands including Nike, Stitch Fix, Target and TJMaxx are all on par to become some of the best and most prominent apparel stocks currently available. Just how popular have these brands become? Well, in April 2022, TJMaxx (NYSE:TJX) outperformed the S&P 500 in single day trading, as TJX rose by 1.57% with the index falling by 0.34%. Ross Stores Inc. (NASDAQ:ROST) also climbed by 2.49% the same day, with share prices climbing above $102 per share. Fast fashion brands are not leaving the stock market or consumer market untouched for that matter, and the situation is only growing more severe with each passing generation. A recent CNBC article found that teens in the United States are spending on average 9% more on well-known retail brands compared to spring 2021. Consumer spending, and especially coming from younger generations aren’t holding back share prices as well. As consumer habits improve, and economic recovery starts to take shape, investors are becoming ever so eager to see how garment shares are able to outperform market predictions. It’s quite easy to notice how these brands are hammering forward, as more of them are penning down positive trading days, and consumer spending tick upward. There’s Life After Disposal Nevertheless, CODOGIRL presents itself with an opportunity to make an actual and viable difference that can be recognized by its supporters. As of April 2021, the CODOGIRL platform was able to receive recognition from the United Nations Climate Change (UNCC). This meant that the CODOGIRL team is now part of the ongoing Signatory of the Fashion Industry Charter for Climate Action which aims to reduce the carbon footprint caused by prolonged fast fashion consumption. As major fast fashion brands churn out thousands of trendy garments each season, and consumers still unknowingly support brands without having access to brand sustainability transparency, designer brands, while at a high price remain a smarter, economical, and sustainable solution to a growing problem. The Bottom Line For us to fully make an impact, it takes deliberate change and awareness. While luxury designer labels are easily priced above the average shoppers' expected purchasing price, platforms now exist that allow for easier access to a more affordable and sustainable lifestyle. Digital commerce is now making it possible for luxury garments and fashion items to have a new purpose, as its life cycle can be extended through the means of reselling and repurposing. Further innovation and investment in such platforms are allowing new life to the clothing industry, helping find innovative ways companies can reduce carbon emissions, landfill waste, and slow down on production. Updated on Apr 19, 2022, 10:13 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkApr 19th, 2022

Tesla (TSLA) Recalls 600K Cars, Resumes Operations at Giga 3

Tesla (TSLA) issues recall covering 600K vehicles over a glitch in the Boombox feature. Meanwhile, it restarts production in the Shanghai plant today after a 3-week hiatus. Tesla Inc. TSLA has announced more recalls over an issue in its Boombox, a feature that allows drivers to play music while in motion.The US National Highway Traffic Safety Administration (“NHTSA”) has adjudged the Boombox as non-compliant with safety regulations, as it might drown out alert sounds required for all electric vehicles (EVs). This compromises the safety of drivers and passengers.The latest recall covers nearly 600,000 of its 2020-2022 Model Y, X, and S vehicles, as well as the 2017- 2022 Model 3 vehicles. This marks the eighth recall in the past five months.Previously, this month, Tesla announced that it will recall 7,000 Model X SUVs from 2021 to 2022 over an issue with its airbags, which allegedly do not inflate when the car windows are down.The company has been embroiled in a dispute with NHTSA for quite some time. Last December, the U.S. safety agency forced the automaker to recall nearly half a million vehicles of Model 3 and Model S electric cars from the market because of issues with their rearview camera and trunk.On Jan 27, the company announced another recall of almost 54,000 of its cars and SUVs from the U.S. market because the vehicles failed to fully halt at stop signs under the Full Self-Driving software. The vehicles involved were Model S sedans and X, SUVs from 2016 through 2022, 2017 to 2022 Model 3 sedans and 2020 through 2022 Model Y SUVs.Five days later, on Jan 31, the auto giant had to recall 817,000 cars in the United States over an issue with the seat belt alert, likely caused by a software error. This recall impacted vehicles belonging to the 2021-2022 Model S and Model X, the 2017-2022 Model 3, and the 2020-2022 Model Y.In February, in a span of four days, Tesla issued two recalls. The first one affected 580,000 vehicles over a problem with the Boombox feature, and the second one affected 26,681 vehicles over a problem with its windshield defrosting and defogging systems.Then, Tesla recalled another 947 cars in the United States after NHTSA pointed out that the rearview image had a delayed display when drivers reversed the cars. Affected models included 2018-2019 Model S, Model X and 2017-2020 Model 3 vehicles equipped with Autopilot Computer 2.5A full measure of the situation suggests that the latest recall will not be Tesla’s last, and the automaker should brace itself in the coming days.In another development, Tesla is gearing up to resume production at its Shanghai plant from Apr 18 after receiving approval from local authorities, following a three-week hiatus.The company's Shanghai factory had suspended production on Mar 28 after a resurgence of Covid-19, which brought in new restrictions and lockdowns.Sources have reported that the carmaker plans to start with one shift and gradually ramp up.The latest stoppage marked the longest since the factory started production in late 2019 and resulted in an estimated output loss of more than 50,000 units.Ongoing production at the plant stands a risk to be impacted by challenges in procuring auto parts, as logistics in the city and surrounding areas have been severely disrupted by the Covid curbs.Shares of TSLA have gained 37.8% over the past year against its industry’s 0.6% decline.Image Source: Zacks Investment ResearchZacks Rank & Key PicksTSLA currently carries a Zacks Rank #3 (Hold).Better-ranked players in the auto space include BRP Group, Inc. DOOO, sporting a Zacks Rank #1 (Strong Buy), and Visteon Corporation VC and CNH Industrial CNHI, each carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.BRP Group has an expected earnings growth rate of 9.1% for fiscal 2023. The Zacks Consensus Estimate for current-year earnings has been revised around 7.9% upward in the past 60 days.BRP Group’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. DOOO pulled off a trailing four-quarter earnings surprise of 68%, on average. The stock has declined 10.6% over the past year.Visteon has an expected earnings growth rate of 109.5% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 13.6% upward in the past 60 days.Visteon’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed in the remaining. VC pulled off a trailing four-quarter earnings surprise of 209.9%, on average. The stock has declined 19.4% over the past year.CNH Industrial has an expected earnings growth rate of 2.2% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 0.73% upward in the past 60 days.CNH Industrial’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. CNHI pulled off a trailing four-quarter earnings surprise of 63%, on average. The stock has risen 2.5% over the past year. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis Report CNH Industrial N.V. (CNHI): Free Stock Analysis Report BRP Inc. (DOOO): Free Stock Analysis Report To read this article on click here......»»

Category: topSource: zacksApr 19th, 2022

S&P 500"s Q1 Energy Winners: Will the Growth Story Continue?

Let's take a deep look into the S&P 500's top sector of the first quarter of 2022 - Energy - and its high flyers Occidental Petroleum (OXY), Halliburton (HAL), APA Corporation (APA), Marathon Oil (MRO) and Baker Hughes (BKR). The opening quarter of 2022 brought wild market action and volatility. After robust equity returns during 2021, Wall Street saw a slowdown in the first three months of the year with the S&P 500 — regarded as one of the finest reflections of the stock market as a whole — losing 4.9% for the period. The index’s negative return reflects galloping inflation, the start of a higher interest regime and the resurgence of new coronavirus cases in China.  Energy Emerges as the Star PerformerDespite the S&P 500’s Q1 slump, a particular group of stocks stood out.On the sectoral front, it was Oil/Energy that topped the S&P standings for the first quarter with a gain of 37.7% while most others lost value. The space has comprehensively outperformed the market, with the Energy Select Sector SPDR’s (an assortment of the largest U.S. energy companies, popularly known by its ticker, XLE) impressive gains fueled by a constructive demand picture besides the geopolitical premium. To be precise, the energy index has generated a total return of nearly 39% in 2022 so far compared with the S&P 500’s loss of 4.1%.The energy market continues to enjoy support from geopolitical uncertainty amid Russia’s military operations in Ukraine. Last month, crude prices surged to multi-year highs of $130 on concerns about supplies from Russia, which is one of the world's largest producers of the commodity. The Biden administration’s ban on the import of Russian crude and energy products contributed to oil’s rapid price increase. Agreed, crude has pulled back from those lofty levels but with the conflict showing no signs of a quick resolution and speculation that the European Union could follow the United States in blocking imports of Russian energy — even at the detriment of their economies — is giving fresh impetus to the oil bulls.Even the fundamentals point to a tightening of the market. Per the latest government report, U.S. commercial stockpiles have been down more than 18% in a year, prompted by the demand spike owing to the reopening of economies and a rebound in activity.Meanwhile, natural gas moved past $5.50 per million British thermal units (MMBtu). First, a late-season cold is driving the fuel’s heating load demand. Natural gas also remained supported by a stable demand catalyst in the form of continued strong liquefied natural gas (LNG) feedgas deliveries. LNG shipments for export from the United States have been robust for months on the back of environmental reasons and record-high prices of the super-chilled fuel elsewhere. Now, with the Russia-Ukraine conflict, LNG is set to become even more coveted. As a matter of fact, the United States entered into a partnership with the EU recently to export additional LNG to wean the bloc off its dependence on Russian natural gas supplies. This means LNG deliveries are poised to rise further.The Standout PerformersWhile most energy investors have had something to cheer about so far in 2022, some stocks certainly performed better than the others. The five largest contributors to the monthly gains were Occidental Petroleum OXY, Halliburton HAL, APA Corporation APA, Marathon Oil MRO and Baker Hughes BKR. Image Source: Zacks Investment ResearchWill these winners maintain their run in the second quarter too, or will they eventually run out of steam? Here's a summary of them:Occidental Petroleum: Founded in 1920, Houston, TX-based Occidental Petroleum is an integrated oil and gas company, with significant exploration and production exposure. The company is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals.In the last reported quarter, OXY came up with earnings per share of $1.48, above the Zacks Consensus Estimate of $1.08. The company’s bottom line was buoyed by strong operating efficiencies and higher commodity prices.This stock outperformed the other companies and was up 96.2% during the period, ranking first on the S&P 500 list. It appears that Occidental will have more room to run up. It continues to increase production from high-quality asset holdings and lower outstanding debts through proceeds from non-core assets sale. The acquisition of Anadarko, investment to strengthen infrastructure and its Permian Basin exposure also continues to boost performance of the Zacks Rank #2 (Buy) company.Halliburton: Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors.Halliburton’s fourth-quarter bottom line came in above expectations, reflecting reflects stronger-than-expected profit from its Drilling and Evaluation division. HAL reported adjusted earnings of 36 cents per share, which surpassed the Zacks Consensus Estimate of 34 cents.This Zacks Rank #2 stock ended 66.2% higher in the last quarter. Halliburton appears well positioned to benefit from the supportive industry fundamentals, which will spur growth in both North American and the overseas markets. HAL seems to be perfectly placed to tap this emerging multi-year upcycle based on its smart strategy, digital leadership and capital efficiency, while aiming for a sustainable energy future.APA: APA boasts a large geographically diversified reserve base with multi-year trends in reserve replacement. One of the largest oil producers in Permian, the company’s Suriname portfolio is exciting too, where it continues to achieve drilling success.APA reported fourth-quarter 2021 adjusted earnings of $1.29 per share, missing the Zacks Consensus Estimate of $1.42. The underperformance reflects slightly lower-than-expected production and a rise in costs.This Zacks Rank #3 (Hold) stock was the third-best sector performer on the S&P 500 Index, with shares appreciating 54.3% in the past three months. The company’s increased focus on the Permian basin, known for its low cost and high internal rates of return, is another key driver. APA’ slew of discoveries in offshore Suriname, through its joint venture with TotalEnergies, is another positive catalyst for the company. However, the energy explorer’s high leverage, significant exposure to forex currency risks and sensitivity to oil price fluctuations could limit share price gains.Marathon Oil: The upstream energy company’s oil and gas operations are mainly concentrated in the United States (including Oklahoma, Eagle Ford, Bakken and Northern Delaware) and Equatorial Guinea.In the last reported quarter, Marathon reported adjusted earnings of 77 cents, beating the Zacks Consensus Estimate by 40%. MRO’s bottom line was favorably impacted by stronger liquid realizations and better-than-expected domestic production.Marathon, carrying a Zacks Rank #1 (Strong Buy), rallied 53.4% in January-March and is poised for further capital appreciation. In particular, MRO’s robust operational metrics suggest strong long-term cash flows that should support higher price points for its shares. The wells drilled by Marathon have extremely low oil price breakeven costs and need oil prices of just $35 a barrel to be profitable. It’s also important to remember that the company’s significant debt maturities will mostly fall after 2025 and as such there does not appear to be much risk here.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Baker Hughes: The company is one of the largest providers of technical products and services to drillers of oil and gas wells.Baker Hughes delivered underwhelming fourth-quarter 2021 bottom line due to decline in cost productivity in its Digital Solutions segment. The company reported adjusted earnings per share of 25 cents, missing the Zacks Consensus Estimate of 29 cents.BKR saw its stock surge 52.4% in the first quarter. Baker Hughes should benefit from strong order intake that signals signaling strong growth and profitability in 2022. With the rising demand for clean energy, the company also expects substantial growth from a series of profitable liquefied natural gas contracts globally. But this #3 Ranked oilfield service provider’s near-term stock price appreciation is likely to be under pressure from declining volume in subsea productions systems and lower equipment and project revenues in the Turbomachinery & Process Solutions unit. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report Marathon Oil Corporation (MRO): Free Stock Analysis Report APA Corporation (APA): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Baker Hughes Company (BKR): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 4th, 2022

We visited Victoria"s Secret stores in the US and the UK, and found an uneven, sprawling product selection as the lingerie brand struggles to transform

We shopped at locations in Leeds in the United Kingdom and Indianapolis, Indiana, in the United States to compare the in-store experiences. Áine Cain/Insider Victoria's Secret is a global beauty and lingerie brand that operates around 1,400 stores globally. The company has struggled to adapt to shifting beauty standards and changing consumer demands. Insider visited two stores, one in the United Kingdom and the other in the United States. Victoria's Secret is a global beauty and lingerie brand that's long been synonymous with its now defunct "Angels" and extravagant fashion shows.The brand first came on the scene in 1977 and later became a staple in shopping malls. However in recent years, owing to internal struggles and changing beauty standards, the company has experienced a number of difficulties as its tried to shed its overtly sexy image.In 2020, the company shuttered 250 stores in the United States and Canada. A year later, Victoria's Secret's former parent company L Brands spun off the retailer. The newly-independent company now says it operates around 1,400 locations worldwide. Currently, the company is pushing to change its image to a more relaxed, accessible, and inclusive style. But not every location has made the shift yet.Insider recently visited two Victoria's Secret stores to check-in on the transformation. We visited a shop in the United Kingdom and a location in the United States. Here's what we saw:The Victoria's Secret in the UK that we visited was located in a city-center shopping mall in Leeds, northern England.Trinity Leeds, a large shopping mall.Grace Dean/InsiderThe Victoria's Secret store was easy to spot thanks to its signature bright pink exterior.The exterior of a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderThere were a couple of small displays showing some of its products, but most of the wall space was taken up by the pink wall, and the displays didn't seem as festive compared to the other stores in the mall.A shopper walks past a Victoria's Secret store in Leeds.Grace Dean/InsiderThe central display focused on what Victoria's Secret is most famous for — lingerie.The entrance of a Victoria's Secret store in Leeds.Grace Dean/InsiderThe interior was very dark, with a lot of black furniture and dim lights.Displays in a Leeds Victoria's Secret store.Grace Dean/InsiderThe inside of the store seemed very carefully curated, like these digital screens on either side of the entrance, with the company's perfumes displayed underneath.A photo display in a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderSections of the store were dedicated to sleepwear ...Clothing displayed on the wall in a Victoria's Secret store in Leeds.Grace Dean/Insider... and perfume and beauty products ...Products on a shelf in a Victoria's Secret store in Leeds.Grace Dean/Insider... though it mainly showcased Victoria's Secret's lingerie.The interior of a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderThere was an area dedicated to Victoria's Secret's more sexy lingerie, too.Mannequins display different lingerie options in a Victoria's Secret in Leeds, northern England.Grace Dean/InsiderNot all the items were so sexy, though.White bras, shirts, and robes hang on the wall in a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderUnder each display were rows of drawers ...Tables containing rows of large drawers in a Leeds Victoria's Secret.Grace Dean/Insider... which store products, sorted by size.A drawer of underwear in a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderA lot of the drawers seemed mostly empty, though ...Two bras sit in trays in a Leeds Victoria's Secret.Grace Dean/Insider... like this paltry offering.A single corset sits in a tray at a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderMost of the store looked tidy, and staff on the store floor kept neatening up the stock ...Products from the "Dream Angels" collection hang on the wall of a Victoria's Secret store in Leeds, northern England.Grace Dean/Insider... though a couple of the displays needed some work.A bra hangs incorrectly on a mannequin in a Victoria's Secret store in Leeds.Grace Dean/InsiderOne of the focal displays was dedicated to the brand's perfumes ...Perfumes sit on a table at a Victoria's Secret store in Leeds, northern England.Grace Dean/Insider... though other fragrance products were randomly dotted around the store, too.A table containing fragrances, clothing, and purses at a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderA couple of areas at the back of the store deviated from its dark color scheme and were instead bright pink.Mannequins display Victoria's Secret lingerie in a store in Leeds, northern England.Grace Dean/InsiderThere was a huge screen at the very far end of the store, too ...A table containing Victoria's Secret merchandise in a store in Leeds, northern England.Grace Dean/Insider... that played videos showcasing the brand's products.A large screen playing videos of models in a Victoria's Secret store in Leeds, northern England.Grace Dean/InsiderSigns dotted throughout the store advertised bra fittings.Robes, pajamas, and bras hanging on the wall at a Leeds Victoria's Secret.Grace Dean/InsiderAt one side of the store, next to a display of underwear ...Lingerie displayed in a Victoria's Secret store in Leeds, northern England.Grace Dean/Insider... there was an opening into the Victoria's Secret Pink store next door.The door connecting Victoria's Secret store with a Victoria's Secret Pink location in Leeds, northern England.Grace Dean/InsiderThe Pink store had a separate external entrance, too.The exterior of a Victoria's Secret Pink store in Leeds, northern England.Grace Dean/InsiderThe store was much more brightly lit, and its displays seemed tailored to younger shoppers. A lot of the customers appeared to be teens.The entrance way of a Victoria's Secret Pink store in Leeds, northern England.Grace Dean/InsiderThe displays were incredibly neat and colorful ...Inside a Leeds Victoria's Secret Pink store.Grace Dean/Insider... and the drawers largely seemed much better stocked than in the Victoria's Secret next door.A drawer of merchandise in a Victoria's Secret Pink store in Leeds.Grace Dean/InsiderThough most of the store contained clothes and gym gear.Sports bras are displayed on the wall of a Victoria's Secret Pink store in Leeds, northern England.Grace Dean/InsiderThere were QR codes you could scan to book a bra fitting ...A sign displays a photo of a model and a QR code in a Leeds Victoria's Secret.Grace Dean/Insider... as well as signs encouraging you to order online if you couldn't find what you wanted in store.A sign displayed in a Leeds Victoria's Secret.Grace Dean/InsiderWe also swung by a Victoria's Secret store located in a mall in Indianapolis, Indiana. Compared with the Leeds location, its entrance was a bit less flashy.The exterior of a Victoria's Secret store situated in mall in Indianapolis, Indiana.Áine Cain/InsiderIn the United States, Victoria's Secret is, of course, best known for its lingerie products.Mannequins display different colored bras and panties in an Indianapolis Victoria's Secret.Áine Cain/InsiderThe store seemed to be divided into several distinct sections, including basic, everyday underwear ...Lingerie, panties, and bras hang on the wall in a Victoria's Secret store in Indianapolis.Áine Cain/Insider... perfumes , makeup, and toiletries ...A table of Victoria's Secret perfumes and other products in a store based in Indianapolis, Indiana.Áine Cain/Insider... and, of course, lingerie for special occasions.A grey piece of lingerie in a Victoria's Secret store in Indianapolis.Áine Cain/InsiderThe store was well-lit with meticulously-organized displays and attended staff, on hand to answer questions and take bra measurements.A section of non-lingerie Victoria's Secret products in a store in Indianapolis.Áine Cain/InsiderWe were struck by all the various displays touting different perfumes and fragrant lotions.A collection of "Velvet Petals" line products in a Victoria's Secret store in Indianapolis.Áine Cain/InsiderThe air in the store was filled with sweet smells from those aromatic products, although we'll note that stores like this can be tricky for anyone susceptible to migraines.A row of lotions and creams in a Victoria's Secret store in Indianapolis.Áine Cain/InsiderMost of those displays seemed to offer pretty pricey options, something you'd buy as a gift for a special occasion rather than an everyday purchase.A collection of "Heavenly" line products in a Victoria's Secret store in Indianapolis.Áine Cain/InsiderIn general, the store was laid out like a fancy, highly feminine destination. That could be viewed as aspirational by prospective customers.A table of perfumes and lotions displayed in a Victoria's Secret store in Indianapolis.Áine Cain/InsiderBut it could also be a little intimidating for anyone looking to buy a regular bra or extra underwear.A row of Victoria's Secret bras displayed in a store in Indianapolis, Indiana.Áine Cain/InsiderAlthough the store did offer plenty of casual options ...Wireless push-up bras in a Victoria's Secret in Indianapolis, Indiana.Áine Cain/Insider... and even pajama products that trended more towards "cozy" than outright "sexy."A table displaying flannel pajamas in a Victoria's Secret store in Indianapolis.Áine Cain/InsiderLike in the Leeds store, the shop was filled with drawers, each containing panties, bras, and other products sorted by size.Tables with drawers containing Victoria's Secret products in Indianapolis, Indiana.Áine Cain/InsiderBut special offerings or new, seasonal lines seemed to each receive their own display.Bras and panties for the "Dream Angels" collection in Victoria's Secret in Indianapolis, Indiana.Áine Cain/InsiderMany of the items we looked at had prices up-front and clearly labeled, unlike the displays in the UK store."Demi" bras and panties hung up on the wall of a Victoria's Secret store based in Indianapolis, Indiana.Áine Cain/InsiderThe Indianapolis shop was by and large a clean, well-organized store that lent itself to a positive shopping experience for the customer.A table displaying products in a Victoria's Secret in Indianapolis.Áine Cain/InsiderAll in all, it will be interesting to watch Victoria's Secret pivot its brand in the coming years, as the company attempts to bounce back by selling a more inclusive vision.Bras and panties hung up on the wall of a Victoria's Secret in Indianapolis, Indiana.Áine Cain/InsiderSource: InsiderRead the original article on Business Insider.....»»

Category: topSource: businessinsiderMar 20th, 2022

37 fun and creative gift ideas from Black-owned businesses

From haircare and skincare products to clothes, accessories, and more, here are 37 gift ideas from Black-owned businesses everyone will love. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.McBride Sisters If you're looking to support Black-owned businesses while shopping, you've come to the right place. Below, we've rounded up 37 of the best gifts from Black-owned businesses, big and small. While Black History Month has always been a time to educate one another and celebrate Black heroes in society, it's also a great time to support the culture. One of the best ways to support Black culture during Black History Month (and any other time of the year) is by making a conscious effort to buy from Black-owned businesses.In doing so, you'll discover many new and interesting brands, and support under-represented businesses that often give back to the community through specific causes. Shopping from Black-owned businesses shouldn't be the only effort you make to dismantle or address systemic racism, but it is one small choice that can have an impact. We rounded up 37 thoughtful gift ideas from Black-owned businesses ranging from small stores on Etsy to bestselling brands.From streetwear fashion and prescription eyewear to snacks, drinks, and skincare, you'll likely find items that make for great gifts — or something to treat yourself with. The 37 best gifts from Black-owned businesses:A premium suede jacket that celebrates power and unityTroisiiiemeTroisiiieme by Thiiird Uniiity Jacket, $400Founded by designer and artist Thiiird, Troisiiieme is an emerging avant-garde fashion brand. The brand's first major release, the Uniiity Jacket, is made from premium calfskin suede and features embossed fists inspired by Thiiird's original artwork. The inside of the jacket includes messaging that reads, "POWER II THE PEOPLE!" The Uniiity Jacket is available in tan and black suede colorways.Allergy-friendly cookiesPartakeShop all Partake products, starting at $14.99Partake was founded in 2016 by Denise Woodard after discovering her daughter's extensive food allergies. All of Partake's snacks are certified gluten-free, non-GMO, vegan, and free of the top nine allergens (wheat, tree nuts, peanuts, milk, eggs, soy, fish, sesame, and shellfish). As a Black & Asian American woman, Denise gives back to HBCUs by offering a Black Futures in Food & Beverage fellowship to students.Stylish prescription eyewearCoco and BreezyShop prescription eyewear at Coco and Breezy hereShop Planet CB by Coco and Breezy at Zenni hereFounded by twin sisters Corianna and Brianna Dotson, Coco and Breezy is a fashion-forward prescription eyewear brand. While adult frames are priced similarly to other designer frames, the children's Planet CB collection is affordably priced to make stylish eyewear accessible to kids in need. A portion of Planet CB proceeds goes to Child Mind Institute in support of programs that provide the youth of Black communities with greater access to mental health services.A Ma Maniere x Air Jordan 1 "Airness"A Ma ManiereA Ma Maniere x Air Jordan 1 "Airness," $449Founded by James Whitner, DC-based luxury boutique A Ma Maniere took over the sneaker industry in 2021. Following the release of the widely popular A Ma Maniere x Jordan 3, the Air Jordan 1 "Airness" uses a combination of luxury accents to symbolize the resilience and beauty of the Black community. A hip-hop and R&B trivia gameLyrically CorrectLyrically Correct 90's & 2000's Hip Hop/R & B Edition, $24.99Created by Tiffany Jones, Lyrically Correct is a Jeopardy-style trivia game based on all of your favorite hip-hop and R&B songs from the '90s and 2000s. It's a fun way to spend time with family and friends for a party or game night.A pair of loafersBlackstock and WeberBlackstock and Weber Loafers, $345Founded by Chris Echevarria, Blackstock and Weber is a Brooklyn-based footwear brand that has high-quality unisex loafers. If you've been looking for some snazzy shoes that are built to last, you'll appreciate the luxury-level use of material. A canvas tote bagDaily PaperDaily Paper Hotote Bag, $44Founded in 2012, Daily Paper is an Amsterdam-based streetwear company inspired by its free founders' African heritage. The brand sells clothing for men and women, but this tote bag is one style that everyone will find useful.A new journalTargetThe DynaSmiles by DNT Journal, $18.99The DynaSmiles makes stationery with beautiful artwork on the front and back cover.A Telfar T-shirtTelfarTelfar Dance T-Shirt, $110Founded by Liberian-American Telfar Clemens in 2005, Telfar is best known for its unisex handbags, but the brand also sells clothing and accessories. This T-shirt features a unique graphic depicting people dancing.Pharrell's natural skincare routineHumanrace SkincareHumanrace Routine Pack, $110Outside of music, Pharell is known for his super clear skin and youthful looks — and now he's made his skincare routine available for everyone. The three-step routine includes rice powder cleanser, lotus enzyme exfoliator, and humidifying cream.Handcrafted scented candlesCOOLGiRL thebrandCOOLGiRL thebrand Scented Candles, available at Etsy, from $7.50Founded by Annastasia Rosip, COOLGiRL thebrand specializes in feel-good and self-care items like scented candles. Using 100% soy wax, cotton wicks, and natural fragrances, these candles are clean-burning and sustainably made. With candles coming in the standard 9-ounce size, as well as travel and tealight sizes, you can enjoy the scents at home, on the go, or for special occasions.Medium roast coffee beansAmazonBLK & Bold Coffee, available at Amazon, from $11.58If you're shopping for a coffee lover, BLK & Bold's fair trade coffee beans might be the perfect gift. The brand also donates 5% of its profits to initiatives that help sustain youth programming, enhance workforce development, and eradicate youth homelessness.An indoor plantThe Nice PlantBlooming Energy Box, available at The Nice Plant, $64.99Indoor plants are much more than an extra responsibility. They help purify the air, have been proven to reduce stress, and look good aesthetically. The Nice Plant's Blooming Energy Box includes a small plant and a few other useful things, like a sage smudge stick, palo santo bundle, and room spray, to make their home more peaceful and relaxing.A satin-lined beanieKink and CoilSatin-Lined Beanie, available at Kink & Coil, $37Most people with naturally curly and kinky hair avoid wearing hats to reduce frizz, but Kink and Coil's Satin-Lined beanie solves that issue. Just like a silk pillowcase or a bonnet, the inside of the beanie is designed to protect your hair from frizz and damage. On top of that, the pom-pom can be removed if you'd prefer to wear the hat without it.We spoke with a trichologist to learn more about how satin- and silk-lined beanies can benefit anyone with curly or high-porosity hair. Premium distilled whiskeyUncle Nearest WhiskeyUncle Nearest Whiskey, available at Reserve Bar, from $49Founded in Tennessee, Uncle Nearest is an award-winning, Black-owned whiskey brand that was inspired by the first known African-American master distiller, Nathan "Nearest" Green. If you're shopping for someone who enjoys a quality glass of whiskey or a whiskey-based cocktail every now and then, a bottle of Uncle Nearest won't disappoint.A vegan leather cardholderEtsyVegan Cork Leather Slim Cardholder, available at Etsy, $25.57If their old wallet is tired and tattered, this cardholder made of vegan cork leather is a gift they can put to use right away — and use every day going forward.A simple skincare regimen for men of colorCeylonSkincare Set, available at Ceylon, $85Including a detoxifying face wash, a hydrating toner, and a clarifying moisturizer, this three-step skincare kit was designed specifically for men of color. If he isn't one for hoarding skincare products, this simple kit can help him achieve healthier skin.A timeless watchAsorock WatchesMonolith Watch, available at Asorock, $135Founded by Nigerian-American Ben Iroala and Zambian-American Andrew Mutale, Asorock specializes in making elegant timepieces — and the Monolith Watch is a unique design that can elevate any simple outfit. Yummy organic popcorn@eatprojectpop on InstagramMajor's Project Pop Organic Kettle Corn 2 Pack, from $31.99Made using organic ingredients, Major Project Pop Kettle Corn is a healthy, tasty snack anyone will enjoy. Hydrating hair productsBriogeoMerry Multi-Masking Kit, available at Briogeo, $36Briogeo is one of our favorite haircare brands, and its gift sets are always on point. This kit includes Briogeo's bestselling Don't Despair, Repair! Honey Moisture Deep Conditioning Mask and travel size containers of two of the brand's other masks. They're designed to work on all hair types.A hair and beard trimmerBevelBevel Trimmer, available at Target, $199.95Designed for men of color, whose facial hair and skin tend to be slightly thicker, the Bevel Trimmer will help the one you're gifting maintain a well-groomed look without the razor bumps that traditional trimmers can cause. Read our full review here.Spices made by a professional chefChef MaxChef Max Signature Spices, available at Chef Max, from $5Created by professional celebrity chef Maxcel Hardy, these spices are the result of years of culinary experience. Gift these to your favorite cook and they'll be able to incorporate them into many new recipes.An all-purpose serum for skin and hairGlow Skin DeepGlow Skin Deep Glow Serum, available at Glow, $14Founded in New Jersey by Marshay Monet, Glow Skin Deep was originally created to address uneven tone, blemishes, and acne scars in her own skin. Now available for everyone, the facial serum makes a great gift for skincare fans, and can also be used as a moisturizing beard oil.Rihanna's bestselling Fenty skincare setFenty BeautyAll Four One 4-Piece AM + PM Skincare Bundle, available at Fenty Beauty, $119Rihanna's bestselling skincare bundle from her brand Fenty includes everything you'll need to maintain healthy skin. The kit includes a facial cleanser, toner, two-in-one sunscreen moisturizer, and a nightly moisturizer. Read our full review of the Fenty skincare set here.A wine gift setMcBride SistersMcBride Sisters Black Girl Magic Wine, from $19.99As the largest Black-owned wine company in the United States, the McBride Sisters Collection is the perfect place to find a gift for the wine lover on your list. The Black Girl Magic collection in particular is inspired by the resilience of Black women and includes varieties from Rosé to Merlot. A Haitian-inspired cream liqueurLS Cream LiquerLS Cream Liqueur, available at Reserve Bar, $32Founded by couple Myriam Jean-Baptiste and Stevens Charles, LS Cream is a liqueur inspired by the Haitian drink known as kremas. With notes of coconut, cinnamon, vanilla, and nutmeg, it's perfect for enjoying during the holidays — or any other time of year. It's great on the rocks, in a cup of coffee or hot chocolate, and in a variety of other cocktails.An Afrocentric-patterned face maskEtsyReusable Cloth Face Mask, available at Upenyu, $12Featuring Afrocentric patterns, Upenyu's cloth face masks are a great gift for when you're feeling tired of wearing boring, solid-color masks.Catchy stationeryEffie's PaperEffie's Paper Stationery Sets, available at Etsy, $20During times where we can't always see our loved ones in person, stationery can be very useful for sending letters and thoughtful notes. Created by Kalyn Johnson Chandler, Effie's Paper takes something as boring as stationery and makes it fun with cute and catchy lines like "Joy is not Cancelled" and "Good Things are Coming."A pair of designer sneakersSSENSEFear of God Taupe Suede 101 Sneakers, available at Ssense, $530Shop all Fear of God products at Ssense nowOne of the most popular streetwear brands in recent years, Fear of God by Jerry Lorenzo is known for its comfortable approach to casual style. These sneakers are a perfect way freshen up someone's footwear rotation.Weatherproof Chelsea BootsBaxter WoodChelsea Boots, available at Baxter Wood, $125Delivering a futuristic take on the classic Chelsea boot style, Baxter Wood is also helping preserve the environment by using recycled and natural rubber for its waterproof boots.A tin of green teaGoldePure Matcha, available at Golde, $28If the person you're shopping for is looking for a healthy, energy-boosting alternative to coffee, matcha might be a good fit. One teaspoon of Golde's Pure Matcha features more caffeine than a shot of espresso and they won't experience that awful crash.Beautiful art printsEtsyAfrican American Wall Art by SBrownArt, available at Etsy, from $26Released as part of artist Stacy Brown's Urban City Life Collection, this work of art is a great gift for anyone in the process of furnishing a new space. It comes in a range of sizes that can be hung on a wall or framed for tabletops.Organic hair productsMielle OrganicsShop all Mielle Organics products hereFounded by registered nurse Monique Rodriguez, Mielle Organics is a natural haircare brand that caters to types three and four hair. The brand will help you learn about your curl type, factors like hair porosity, and most importantly, provide you with all-natural products designed to maintain healthy hair.A silk-lined hoodie to protect natural hairKin ApparelSilk-Lined Hoodies, available at kin., from $59.99Kin Apparel hoodies feature a silk-lined hood to help protect natural hairstyles. Even if the person you're gifting isn't too concerned about their hair, the hoodies are so comfortable, they'll want to wear them daily.A puzzle for kidsPuzzle HuddleShop in-stock puzzles, available at Puzzle Huddle, from $11.95Founded by a father who struggled to find diverse puzzles for his children, Puzzle Huddle offers a variety of kids' puzzles that showcase children of color. The theme of the puzzles includes important values like education, achievement, and culture. Clothes from a popular streetwear brandAlife New YorkAlife Collegiate Hoodie, available at Alife, $138Alife is one of the most iconic streetwear brands in fashion — and it happens to be Black-owned. The brand delivers timeless staples that anyone can work into their wardrobe, whether they consider themselves to be fashion-forward or more of a casual dresser.A moisturizing body balmGolden Grooming Co.Body Balm, available at Golden Grooming Co., $18Made from a blend of natural oils and shea butter, Golden Grooming's Body Balm is a great alternative to lotions that dry down too quickly. Golden Grooming Company donates 5% of sales to programs that foster entrepreneurship in youth of color from underserved communities, in addition to providing financial support for students at HBCUs.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderFeb 25th, 2022

Adelaide Polsinelli hired to sell Greenwich Village Avenue corner two story retail condo

Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to market for sale, the 17,000 +/- square foot, retail condo with 160’ of wraparound frontage, located at 350 6th Avenue, also known as 88 Washington Place, on the North East Corner of Sixth... The post Adelaide Polsinelli hired to sell Greenwich Village Avenue corner two story retail condo appeared first on Real Estate Weekly. Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to market for sale, the 17,000 +/- square foot, retail condo with 160’ of wraparound frontage, located at 350 6th Avenue, also known as 88 Washington Place, on the North East Corner of Sixth Avenue. Adelaide Polsinelli The property consists of two separate condo units. The ground floor, with 15’ ceilings, is approximately 8,000 +/- square feet and ready for immediate occupancy. It is vented for possible food and beverage use. The 2nd floor, with its private elevator and separate entrance is zoned for community facility use and was licensed for childcare. Both units will be delivered vacant, offering a blank canvas for an owner-user, or national brand who will appreciate the multi-faceted possibilities. This offering presents a purchaser with the opportunity to own an iconic, flagship, property on a well-trafficked avenue. The space is divisible, and most uses are permitted including vented cooking. Ideal for any type of retail including, home furnishings, apparel, fitness, medical or health and wellness, 350 6th Avenue is an exceptional choice. “This high profile, real estate presents an ideal situation for individual tenanted use as well as any combination of retail, medical, educational and office uses,” Polsinelli commented. The property is located steps from iconic Washington Square Park, New York University and may other well-known Greenwich Village historic destinations. The property is flanked on either side by the West 4th Street Transit hub connecting over seven main train lines as well as buses. Neighbors include several national chains such as; Chase, Capital One Bank, CVS, and CitiMD, to name a few. “Fortunately, we are finally seeing signs of a strong retail resurgence as more businesses and organizations, are realizing that owning their real estate has significant advantages,” noted Polsinelli. “This is especially true today as interest rates are still at all-time lows. The renewed boost in real estate activity is just what New York City needed to remind businesses that we are in a “once in a cycle” buying opportunity,” Polsinelli concluded. The post Adelaide Polsinelli hired to sell Greenwich Village Avenue corner two story retail condo appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyFeb 24th, 2022