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Warren County waterpark"s closure is permanent, new owner says

The waterpark was put up for sale in 2019......»»

Category: topSource: bizjournalsSep 22nd, 2022

Foreign Buyers See Upside in U.S. Real Estate

It’s a big world out there. One of the many Herculean challenges a real estate agent confronts daily is how to filter out the noise and hone in on what is most important and most relevant to their market—focusing exclusively on one individual neighborhood, a handful of towns or maybe a county. But here in… The post Foreign Buyers See Upside in U.S. Real Estate appeared first on RISMedia. It’s a big world out there. One of the many Herculean challenges a real estate agent confronts daily is how to filter out the noise and hone in on what is most important and most relevant to their market—focusing exclusively on one individual neighborhood, a handful of towns or maybe a county. But here in 2022, is that a mistake? Has our planet grown so interconnected, so accessible that even in the eternally local realm of real estate, agents or brokers can—or should—be looking beyond national borders when planning to grow, protect or bolster their business? And if so, what does this globalism look like, and does it matter to anyone outside of the coasts and major metros? The answer to all of these questions is, to greater or lesser degrees, yes. Almost a fifth of REALTORS® said they had worked with an international client in 2019, before the pandemic, and while right now this influence is concentrated in places like Miami, New York and San Francisco, it is far from being exclusive to these regions. And yes—ignoring the international real estate community could very well mean missing out on some tremendous, long-term opportunities, as well as falling behind the evolution of who is buying and selling homes, and how. “The money flowing in is not what it had been—there’s some limitations,” says John Yen Wong, an associate broker at eXp in the San Francisco Bay Area. “But the interest has not faded.” Wong might have more insight than almost anyone into the recent history, mechanisms and relationships that connect overseas buyers with the domestic real estate market. As co-founder of the Asian American Real Estate Association of America (AAREA), Wong has built relationships with potential buyers and trade organizations in countries around Asia and beyond—including a long-running connection with the incredibly powerful China Real Estate Association—which has allowed members to access new opportunities through both formal and informal channels. At the same time, a pulse of general uncertainty stemming from Russia’s invasion of Ukraine along with a relaxation of pandemic restrictions could push more potential global buyers to U.S. real estate markets—big money investors but also upwardly mobile middle-class families. Marci Rossell is chief economist for the Leading Real Estate Companies of the World® (LeadingRE). Although it is impossible to fully predict consumer reactions to the current geopolitical crisis or attribute any trend to any one outcome, she says that broadly, overseas buyers crave U.S. real estate in times like this. “When political instability occurs, people perceive U.S. real estate to be a safe haven,” she explains. “I think that we have yet to see foreign buyers come back to the U.S. in a meaningful way. But I do think that six months out , this could definitely spur European buying.” Who and why For those agents or brokers who are interested in building connections and expertise in overseas real estate, there might not be a better time to get started. Another factor that will almost certainly increase foreign buyers soon (though again, the timing is hard to predict) is the ending of covid restrictions. As many countries relax their travel restrictions, more and more people are likely to explore a vacation home, or even a permanent move to the U.S. According to Fernando Arencibia Jr., the broker-owner of Arenci Properties Realty in Miami and current chair of the Miami Association of REALTORS®, this is already happening to some degree. “A lot of international buyers were not making their way to the U.S., and now they are,” he says. “The lifting of the sanctions is giving people the freedom to come in.” Foreign buyers purchased 107,000 homes last year in the U.S., according to data collected by the National Association of REALTORS® (NAR), with numbers declining ahead of and during the pandemic from a recent peak of 284,000 in 2017. But a significant number of agents (24%) responding to an NAR survey last year said they expected an increase in the number of real estate deals with foreigners in the next 12 months. The perception has long been that overseas real estate investors are usually deep-pocketed and mysterious, snapping up huge swaths of inventory at a time to the detriment of locals. Canada recently banned many foreign buyers temporarily as the government seeks to cool their hot housing market. According to both Wong and Arencibia, in reality, the pool of foreign buyers is made up of a broadly diverse range of people with both young and old, families and individuals, cash buyers and mortgagors. “Miami is not only a place for the ultra-rich,” Arencibia says. “We do have a healthy number of that middle class, upper-middle class buyers.” Wong says some of the strong sentiment against foreign buyers can easily harm real estate markets, violate fair housing laws and ostracize buyers who are just looking to enjoy the amenities and opportunities available in the U.S. Some of it even takes the form of racism and overt discrimination, which is masked behind what Wong describes as legitmate concerns about the influence of autocratic governments like the Peoples Republic of China. “I think that what AREAA is focused on is that it doesn’t mean you’re oblivious to the risk if you don’t let the risk be the overriding generalization that colors every person who is of Asian descent,” he says. Making it happen Maybe the most salient question regarding overseas buyers is not tied to geopolitics or demographics but is much more practical: is it worthwhile from a business standpoint? Importantly, brokers and agents should not be looking at wooing foreign buyers as a short-term play, according to Wong. Even though a variety of factors have decreased the number of international transactions significantly over the past decade or so, the relationships forged between agents around the world—between AREAA and the China Real Estate Association, for example—are designed to outlast the up-and-down nature of politics. “At some point, the tensions that now exist will moderate and it could be a few years, it might be decades,” Wong says. “But at some point, when it opens up again, the interest will be there.” At the peak of the foreign buyer market, Wong says that close to 40% of his business was foreign nationals. On the other side of the country, Miami has been an international city for decades, with investors and buyers from 43 countries—many in Latin America but with representatives from all over the world. Arencibia says his association has recently signed agreements with real estate associations in Turkey, Tunisia, Indonesia and Nigeria. “We can bring back that exposure to our members and to our Miami REALTORS®,” he says. “It’s always been important for us to bring that exposure, that connectivity. Like anything else in life, if you do it once you might have a little bit of an effect, but anything you do consistently, it pays off exponentially.” Having the foundation, the education and the connections already in place allows agents to be ready at any given moment when overseas transactions pick up, Arencibia adds. The formal connections often facilitate large-scale opportunities—Arencibia mentions the city-wide “Art Basel” show that brings a “captive audience” from all over the world, with many people looking for, or at least interested in a second home or vacation property there. For sellers, AREAA has a for-profit subsidiary that can market overseas properties to U.S. nationals, Wong says, and Miami REALTORS® likewise uses their connections to get domestic buyers to homes in countries around Latin America and beyond. Both organizations also offer formal classes on how to work with clients overseas. But the more informal connections are where almost any agent or broker can start finding referrals and opportunities. Wong describes a huge, diverse and loosely-connected landscape of Facebook, WeChat and other social media groups spanning across the entire world where AREAA members help facilitate real estate transactions—both buyers and sellers, big-money and middle class. “It’s kind of a new stage of networking,” he says. “That, I think, is the best way to do it.” This is also where the foreign markets are creeping into the heartland—a trend that has been gaining steam for many years. Though Florida, California, Texas and New York still attract the majority of foreign buyers, Michigan and Georgia have both tripled their number of overseas buyers in the last decade, and agents in 45 states reported some level of foreign buyers or sellers. Wong says last year, he had a handful of Chinese buyers very specifically interested in Idaho—something he could not immediately make sense of. A few months later, NAR chief economist Lawrence Yun identified Boise, Idaho as one of the hottest housing markets in the country. “When I asked him why, he said he didn’t know—just the stats showed that,” Wong says. Though he admits he cannot be certain, Wong says he believes that these clients—and others—are likely well aware of U.S. real estate trends, and are now more than ever looking beyond the big metros and coasts to where property values are growing and amenities are plentiful. Right now, conditions are not necessarily ideal for people overseas to buy real estate in the U.S. Wong says many big lenders no longer have programs designed to help foreigners get mortgage loans, and there is still government scrutiny looking for potential money laundering activity particularly in higher-end properties. But there are a variety of scenarios that could change this, and other international developments that might bring more foreign money to the U.S. real estate market. Rossell mentions Chinese domestic stock markets that have struggled in the wake of the invasion of Ukraine, potentially pushing more people to put their money in the safer realm of U.S. real estate. Hong Kong and Taiwan are also carefully watching mainland China’s crackdown on dissent and attempts to aggressively consolidate its sphere of influence. Both big money investors and middle-class families in these regions could very well begin looking for a real estate connection in the U.S, she posits. “It wouldn’t surprise me to see a second round of money moving out of Hong Kong and out of Taiwan,” Rossell says. The bottom line is, U.S. real estate remains an attractive option for people all over the world, both in times of crisis and when they want to find relaxation and security. Against the hope of some sort of end to the pandemic along with an increased desire for security and safety, that time might be now. Jesse Williams is RISMedia’s associate online editor. Email him your real estate news ideas, jwilliams@rismedia.com. The post Foreign Buyers See Upside in U.S. Real Estate appeared first on RISMedia......»»

Category: realestateSource: rismediaApr 21st, 2022

25 HR leaders building the world"s most innovative, inclusive workplaces amid upheaval in corporate America

Meet the human-resources managers helping employees learn critical job skills, develop into effective leaders, and advance quickly in their careers. Kazi Awal/InsiderInsider compiled its third annual "HR Innovators" list of 25 prominent figures. Some of this year's most innovative HR leaders (shown above, starting from the left) are Sara Cooper, Karsten Vagner, Shirley J. Knowles, and Elaine Mak.Rachel Mendelson/Insider The "Great Resignation" and the transition to hybrid work have put tremendous pressure on HR. Insider put out an open call for talent heads who are leading successfully during the pandemic. Our list spans industries and includes human-resources leaders from Cisco, Maven, and Wiley. Insider recently undertook a search for human-resources leaders executing the most creative and ambitious plans for their companies.For a third year in a row, we asked our readers to tell us about HR stars. Then, we picked 25 who really impressed us. We looked for execs who bettered their companies through new policies regarding worker safety and wellness amid the pandemic, the "Great Resignation," and louder calls for diversity and inclusion. These talent professionals work across industries and at organizations of all sizes, including Cisco, Meta, and Wiley.Women hold most HR positions, and our list reflects that, with Insider featuring only a handful of people who are men or nonbinary. This was unintentional but not surprising.With workplace dynamics in flux, these executives are shaping the future of corporate America. They're building long-term policies around flexible work, finding new ways to attract talent, and addressing inequities that leave certain demographics at a disadvantage.Their accomplishments include promoting 30% of the workforce in one year, building early-career programs for underrepresented talent, and helping employees find programs to meet their educational goals. Cassie Whitlock, BambooHR's director of HR, said, "The pandemic elevated core 'human' needs that have always existed in business but were, for some, easy to ignore."In no particular order, here are the top 25 innovators in HR and their exclusive insights on reimagining work. These responses have been edited for clarity and brevity.Shirley J. Knowles, chief inclusion and diversity officer at Progress SoftwareShirley J. Knowles.Courtesy of Shirley J KnowlesCompany: Progress is a software company that offers custom software for creating and deploying business applications.Skills they've used to be successful in HR: Authenticity is an important core value. In conversations about diversity and inclusion, I use real-world scenarios — including my own experiences — to illustrate why this work is essential. I don't use buzzwords that many people are unclear of. I talk about things in a way that anyone can understand.How they've supported employees during the coronavirus pandemic: I have taken a particular interest in the well-being of our employees, specifically their mental and emotional health. We offer fitness classes, meditation sessions, and mental-health training led by a Harvard professor who is also a licensed mental-health counselor.By offering exercises that focus on burnout, avoiding isolation, and finding meaning in work and one's personal life, I am helping employees find balance while trying to navigate through the ongoing pandemic.Francine Katsoudas, executive vice president and chief people, policy, and purpose officer at CiscoFrancine Katsoudas.Courtesy of Francine KatsoudasCompany: Cisco develops, manufactures, and sells networking hardware, telecom equipment, and other IT services and products.How they've been supporting their company's diversity, equity, and inclusion efforts during the pandemic: In early 2020, right before the pandemic, we established our Social Justice Beliefs and Actions at Cisco outlining our ambitious goals for addressing injustice and establishing a framework to hold the company accountable to its commitments.Although we didn't know it at the time, this blueprint would guide our approach to social-justice issues that arose over the course of the pandemic. While these beliefs and actions were first focused on supporting the Black community, they have become an invaluable working guide to how we as a company respond to injustice and address inequities overall.Initiatives they've taken to address the effects of the Great Resignation: Every quarter, we conduct "engagement pulses" to check in with employees about top-of-mind issues and concerns. We've found that employees who aren't invited to participate in an engagement-pulse meeting are 21 times as likely to leave Cisco than their invited counterparts.We've also done more work to understand people's career trajectories within Cisco, examining the velocity of promotions for groups and individuals. As a result, we're proud to have promoted 30% of our workforce over the past 12 months.Books, podcasts, shows, or movies that inspire them: I'm reading "Black Magic: What Black Leaders Learned from Trauma and Triumph'' by Chad Sanders, who is powerful and inspiring. It was recommended to me by a leader here at Cisco. He said that it reminded him of his experience in corporate America. So by reading it, I have gotten to feel more proximate to his experience and journey, and that has been a wonderful gift.McKensie Mack, CEO at MMGMcKensie Mack.Courtesy of McKensie MackCompany: McKensie Mack Group is a research- and change-management firm that centers on racial and social justice.What initiatives they have taken to address the Great Resignation: Last year, in collaboration with Project Include, we published research on the impact of COVID-19 on remote workers. We developed and shared resources and guiding principles for leaders looking for support and education in reframing how they think about work, benefits, and productivity. Skills they've used to be successful in HR: My training and education as a transformative justice facilitator help me bring a restorative framework to the ways I work with people, de-escalate when situations get tense or uncomfortable, and seek noncarceral and nonpunitive approaches to working with people who make mistakes or cause harm.My knowledge of power, privilege, and positionality has been valuable in HR.Cassie Whitlock, director of HR at BambooHRCassie Whitlock.Courtesy of Cassie WhitlockCompany: BambooHR provides HR software for businesses. Skills they've used to be successful in HR: Understanding data and analysis has been essential in elevating my impact across the organization. Using data has helped me identify and solve complex challenges around screening and hiring, role progression, designing department structures, employee engagement, and retention. Data is the language of business, and it's critical in HR. How they've been supporting their company's diversity, equity, and inclusion efforts during the pandemic: Diversity starts with hiring practices. We had already implemented essential diversity, equity, and inclusion hiring practices like gender decoding on our job ads, diversity representation in the screening process, scorecards for consistent and equitable screening criteria, and antibias training for all hiring managers and interviewers. We also looked at internal diversity to understand how to best support employees. We adapted some roles to help working parents juggle remote work and homeschooling. We offered paid time off for employees who contracted COVID-19 or had to provide care for a family member with the virus. It was also essential to create income stability for employees with personal or family health risk factors.Sara Cooper, chief people officer at JobberSara Cooper.Courtesy of Sara CooperCompany: Jobber provides job tracking and customer-management software for home-service businesses.How the events of the pandemic affected their view of HR's role: The pandemic required HR leaders to be very quick on their feet, to make fast decisions often with little information and in an environment changing by the day. There was no pandemic playbook.The most successful companies did this by creating plans that took into account the evolving information almost daily and listening to their employees and customers. How they've supported employees during the coronavirus pandemic: We realized early in the pandemic that performance during this time had to be approached in a very different way.For example, we implemented "wellness Fridays" in the summers of 2020 and 2021, which provided employees with Fridays off to focus on self-care. In addition, we offered various programs for folks who needed to reduce their hours or take job-protected leaves to focus on themselves or their families. When we eventually reopen our offices, we will be moving to a hybrid structure.I realized early on that there's no single solution for every company but that the key to creating a thriving hybrid environment requires the input of the company's most important stakeholders: its employees.Danielle McMahan, chief people and business-operations officer at WileyDanielle McMahan.WileyCompany: Wiley is a global leader in scientific research and career-connected education.Initiatives they've taken to address the effects of the Great Resignation: We offer employees over 1,000 flexible and affordable degree and nondegree programs, including bachelor's and master's programs. As a global leader in research and education, we practice what we preach to unlock potential and support lifelong learning.How the events of the pandemic affected their view of HR's role: We transformed our department to become more people-centric: focusing on people rather than processes. To formally acknowledge this shift, we said goodbye to "human resources" and renamed our department the People Organization. Our employees are at the center of all that we do.Their favorite interview question: "Tell me your story." I love to hear people's career journeys, and it allows the candidate to reflect on what roles they've held in the past and how those roles inform the type of job they're looking for today.Through these stories, I also typically get to know the candidate personally. I am able to learn what is important to them and what they value. Susan LaMonica, chief human-resources officer, head of corporate social responsibility at Citizens Financial GroupSusan LaMonica.Courtesy of Susan LaMonicaCompany: Citizens Financial Group is one of the nation's oldest and largest financial institutions offering a wide variety of retail and commercial banking products.How they've been supporting their company's diversity, equity, and inclusion efforts during the pandemic: I've played a role in introducing initiatives such as the TalentUp program, which aims to reshape Citizens' workforce and prepare it for continual innovation focused on talent acquisition, reskilling and upskilling, mobility, and redeployment, partnerships, and expanding the talent pipeline.As a result of the program, in 2020, there were nearly 100 new hires sourced directly from early-career programs, with a significant segment identifying as women and people of color. With my main focus being democratization, I have ensured managers have the training and resources available to create equitable and inclusive environments for all colleagues. My team also began tying accountability goals to performance reviews to ensure managers prioritize democratization within their teams while understanding and working to eliminate biases at work.Books, podcasts, shows, or movies that inspire them: "How I Built This" with Guy Raz on NPR is my favorite podcast. Each episode highlights a well-known entrepreneur and their journey. I enjoy learning about the people and the journey behind many successful companies and brands. I'm inspired by the vision and tenacity of these entrepreneurs, many of whom had repeated failures.Ashley Alexander, head of people at FrontAshley Alexander.Front via InkHouseCompany: Front is a software company that develops a shared email inbox and calendar product. How they've supported employees during the coronavirus pandemic: Once we made the decision to transition to remote work, my mission was to ensure that our employees felt supported and connected. We doubled down on activities that fostered a sense of community, like our weekly all-hands meetings on Zoom, ask-me-anything sessions with our executives, and virtual companywide off-site activities.Why they pursued a career in HR: I got into HR because I wanted to help people, but throughout the course of my career, this idea has dramatically expanded. I now view my role as an employee advocate. I strive to demystify why things happen at a company the way they happen. I've found that even if they aren't happy with everything that happens in a company, if they understand our choices, ultimately, they can respect them.Lori Goler, head of people at MetaLori Goler.Courtesy of Lori GolerWhat their company does: Meta is the parent company of Facebook.How they've supported employees during the pandemic: We were the first tech company to shut down our offices, and employees began to work from home. We established an emergency-paid-leave program designed to give people time off for "in the moment emergencies," including eldercare, childcare, and school closures. We developed and executed a global return-to-office health strategy across 60 sites to enable a safe transition for those coming back to the office and created an office-deferral program for those who were not yet ready to return.How they've supported their company's DEI efforts: Meta committed publicly to have at least 50% of our workforce composed of underrepresented groups by 2024 and to increase the number of US-based leaders who are people of color by 30%. We announced in our eighth annual diversity report that in 2021, we increased representation of women, underrepresented minorities, and people with disabilities and veterans to 45.6% of our workforce. This will continue to be a focus for us.How they've addressed the Great Resignation at their company: This year, we introduced a number of new benefits, including a wellness-reimbursement benefit of up to $3,000 annually that people can use for expenses like financial planning, tuition reimbursement, fitness equipment and services, childcare for children over the age of 5, and eldercare. We also launched "choice days," which gives people an additional two days off per year to use however they choose, and we increased our 401(k)-match program to help people save more for retirement.Kali Beyah, global chief talent officer at HugeKali Beyah.HugeWhat their company does: Huge is a digital design and marketing agency. Clients include Google, Coca-Cola, and Unilever.How they've supported employees during the pandemic: Whether giving mental-health days, reimagining our return to the office, extending summer Fridays, flexing for childcare, shifting to "no-meeting Fridays," or continuing to invest in development, transparency, wellness workshops/resources, and DEI — we've taken a holistic and evolving approach.The constant as we evolve is that we listen to our people regularly, and we are authentic in our responses.How they've addressed the Great Resignation at their company: We are reimagining the future of work as the world not only encounters the "Great Resignation" but also the "Great Reevaluation." Our reimagining includes things such as "Huge holidays" (closure and collective recharging three weeks a year), "Huge summer" (work from anywhere in July), "no-meeting Fridays," and summer Fridays.How the pandemic changed their view of HR's role: We have an opportunity to reimagine work and the role it plays in people's lives — and we have an exciting opportunity to debunk false binaries and prove that people and businesses can both thrive.Lauren Nuttall, vice president of people at Boulevard LabsLauren Nuttall.Courtesy of Lauren NuttallCompany: Boulevard is a client-experience platform built for appointment-based self-care businesses.How they've supported employees during the coronavirus pandemic: I opted to take Boulevard 100% remote early on in the pandemic in March 2020. However, as the pandemic persisted into 2021, I realized that with the significant paradigm shift around the viability of remote work, coupled with the growing employee (and candidate) interest in staying fully remote, we needed to deepen our commitment.That meant giving up our physical office space altogether and allowing all employees to move wherever they want in the US without it negatively impacting their existing compensation package. Additionally, the need for better virtual access to mental health and high-quality medical care prompted the decision to bring on One Medical to provide complimentary subscriptions to all employees and their dependents.How they've been supporting their company's diversity, equity, and inclusion efforts during the pandemic: One of the programs that I'm most proud of was a virtual-speaker series where we sought to highlight and amplify underrepresented voices within the beauty and wellness industry.We invited a massage-business owner that catered specifically to LGBTQIA+ clientele for one of the sessions. This created a dialogue around how even limited pronoun options within a booking workflow can be harmful and resulted in us making actual changes to our product to better represent our customers and their clients. Surfacing these opportunities to educate and create dialogue can have incredible ripple effects.Tanya Reu-Narvaez, executive vice president and chief people officer at RealogyTanya Reu-Narvaez.Courtesy of Tanya Reu-NarvaezWhat their company does: Realogy is a real-estate-services firm that owns brokerages including Century 21, Sotheby's International Realty, and Corcoran. How they've supported their company's DEI efforts: To help increase representation in the industry, we established a new partnership with the National Association of Minority Mortgage Bankers of America and expanded the Inclusive Ownership program, an industry-first initiative designed to attract brokerage owners from underrepresented communities to launch their own franchise businesses.How they've addressed the Great Resignation at their company: We have a Go Further Today program where we've made small but impactful changes that decrease meeting and email fatigue and increase efficiency by working smarter.We have no internal meetings on Fridays, encourage employees to make smart decisions about whether to accept or decline meetings, and embrace an "exhale, then email" philosophy to help mitigate the pressure of email overload we're all facing. These are small but mighty changes that make a significant difference for our teams.Noa Geller, vice president of HR at Papaya GlobalNoa Geller.Eyal TouegWhat their company does: Papaya Global is a cloud-based payroll platform. How they've addressed the Great Resignation at their company: We added a learning and development budget for every employee to choose the development course that is meaningful and impactful to them. Driven from our employee-engagement survey, we took initiatives to support work-life balance, such as a work-from-anywhere benefit, allowing our employees to work up to one month per year outside of their home region.Also driven from our engagement survey, we are implementing more trainings around best practices and tools to ease the burnout that is a part of a hypergrowth company during COVID times.How the pandemic changed their view of HR's role: During the pandemic, the HR role became an even more crucial role within every organization. We were proactively working to support COVID policies and work-from-home best practices, and many of these things were unprecedented.HR managers really had to be innovative and creative — and in a very short amount of time. We have supported managers in learning how to manage remotely, how to navigate illnesses and emotional distress among their employees, as well as help employees remain connected to their teams and the company, while not only fully remote but often completely isolated.Tara Ataya, chief people and diversity officer at HootsuiteTara Ataya.HootsuiteWhat their company does: Hootsuite is a social-media-management platform whose clients include Ikea and Costco.How they've supported employees during the pandemic: We restructured the global offices to be used as creative hubs, built for collaboration and social connection, with a special focus on health and mental wellness.In addition, employees were granted the autonomy and benefits they needed to reshape their work environment to choose what works best for them by restructuring our workplace policy so every employee can choose if they wish to work full time in office, remote, or take a hybrid approach.How they've supported their company's DEI efforts: During the pandemic, we built on our partnership with the Black Professionals in Tech Network in Canada to help end systemic racism in the technology sector by providing Black professionals with equal access to opportunities in tech, an expanded peer network, and support in accelerating career growth.This helped foster a stronger sense of belonging in the workplace by joining an allyship training with the Black Professionals in Tech Network, along with 125 Hootsuite employees, including all members of the executive team, about best practices for sourcing Black talent.How the pandemic changed their view of HR's role: The pandemic shifted HR teams from being the best-kept secret superpower to the front-and-center compass for navigating through the most difficult time many organizations and generations have ever faced. The role of HR is one of strategy, that is adept at navigating uncertainty with agility and enables the business to drive meaningful business results with people in mind.Félix Manuel Chinea, diversity, equity, inclusion, and belonging manager at DoximityFélix Manuel Chinea.Courtesy of Félix Manuel ChineaWhat their company does: Doximity is a professional medical network for physicians. The company went public in June.How they've supported employees during the pandemic: My focus during the pandemic has been to make DEI initiatives at Doximity meaningful, impactful, and tangible across the whole organization.By aligning DEI with our company mission and values, we are able to both directly support our employees and empower them to make a meaningful impact in their communities during and beyond the pandemic.How they've addressed the Great Resignation at their company: The Great Resignation has given us an opportunity to reflect on what makes working at our company fulfilling. Our organizational purpose at Doximity is to connect medical professionals and build clinical tools that will ultimately impact patient care. Amid a global pandemic and demand for racial justice, I believe our purpose allows us the opportunity to both attract and retain top talent and make a meaningful impact on health equity across historically marginalized communities.How the pandemic changed their view of HR's role: Both the pandemic and recent demands for racial justice have highlighted the long-standing need for all leaders to develop solutions and cultures that recognize the full humanity of employees.While every person is responsible for fostering an equitable and inclusive culture, DEI leaders must develop a strategic understanding of how to integrate these concepts into their company's organizational structure.Gloria Chen, chief people officer at AdobeGloria Chen.Courtesy of Gloria ChenWhat their company does: Adobe is a global software company. How they've supported employees during the pandemic: What I am most proud of during the pandemic is not what the company has done for our employees but what our employees have done for each other.When India was overcome by the Delta surge, and our employees and their families were ravaged by COVID, our employees created a phone tree to locate hospital beds, located oxygen to bring to hospitals, and cooked and delivered meals to families in quarantine. Our employees were truly our heroes.How they've supported their company's DEI efforts: In 2020, our diversity and inclusion team and our Black Employee Network launched the Taking Action Initiative task force to explore and drive actions we could take to make meaningful change internally and externally to the company.The effort led to strategic partnerships with historically Black colleges and universities, Hispanic-serving institutions, and a sponsorship program to support career advancement for underrepresented individuals.How the pandemic changed their view of HR's role: Having stepped into the role of chief people officer in February 2020, my entire HR experience has been shaped by the pandemic.I learned that the basics of human needs — physical and mental health, a sense of security, and connectedness — cannot be taken for granted in a professional setting. During the pandemic, we lost one of our beloved cofounders. That gave me a tremendous sense of responsibility as a longtime Adobe employee to carry the torch for the values that they instilled in us.Kim Seymour, chief people officer at WW InternationalKim Seymour.WWWhat their company does: WW International (formerly known as Weight Watchers) offers a program for weight loss and wellness.How they've supported their company's DEI efforts during the pandemic: WW recently released an extensive report titled "Black Women & Wellness" to shed light on the disparities and biases that Black women face within the healthcare system today.The report showcases what is being done by changemakers within their communities to create safe spaces, better access to healthcare, and underscore why Black women deserve health, wellness, and quality healthcare.How they've addressed the Great Resignation at their company: Some of our most recent investments to address potential employee burnout include offering Sibly for resilience, One Medical for convenient medical care, and ClassPass for fitness goals. All of our employees at WW are also members and have access to the WW program.In addition to a personal-well-being allowance of $1,000 per employee, my team also created "flex Fridays," which allows employees to start their weekend early by redistributing the hours they work the remainder of that week, whether that's a Zoom-free Friday afternoon or signing off early.Manish Mehta, global head of human resources at BlackRockManish Mehta.Courtesy of Manish MehtaWhat their company does: BlackRock is a global investment manager that employs 16,000 people and manages more than $10 trillion in assets.How they've supported their company's DEI efforts: We are fortunate to have over 80% of our employees participate in one of our 15 global employee, professional, and social impact networks.Each network is sponsored by one or more of our Global Executive Committee members who engage with them to help navigate important cultural and strategic topics. I am a sponsor of our Asian and Middle Eastern Professionals network, which was formally launched in 2021.How they've addressed the Great Resignation at their company: We supported and enabled managers through training modules on delivering feedback, effectively setting objectives and managing performance, motivating and managing teams, and having productive conversations on returning our people to the office.We sustained our focus on career development. This includes career pathing in areas like technology, development programs for our emerging vice-president leaders, and our Black and Latinx managing directors and directors, and increasing our sponsorship programs.How the pandemic changed their view of HR's role: I have seen the difference HR can make in people's lives. Helping people navigate the loss of a loved one or a colleague, supporting the family of an employee we've lost, recognizing and helping those suffering from mental-health challenges, being there to listen and act when an employee does not feel like they belong, growing our benefits to respond to what employees are dealing with in their lives — these are just some of the things that HR does that are not always seen.Karsten Vagner, senior vice president of people at Maven ClinicKarsten Vagner.Courtesy of Karsten VagnerWhat their company does: Maven Clinic is a virtual platform that provides support across fertility, pregnancy, adoption, parenting, and pediatrics.How they've supported their employees during the coronavirus pandemic: Some of the companywide initiatives and programs included Donut, a Slack-integrated app, to help employees maintain that serendipitous connection they've all come to love at the office.We also experimented with other virtual events, like weekly "coffeehouse cabaret" sessions with Broadway talent over Google Hangouts, cooking challenges, a companywide talent show, Halloween in April for employees' children, and more. How they've supported their company's diversity, equity, and inclusion efforts during the pandemic: Working with Maven's people team, the company created employee working groups devoted to getting feedback about various aspects of Maven's business. While it was rewarding to see employee feedback come to life, what I'm most proud of is the fact that neither I nor the executive team did this work in a silo.Our DEI program was completely ground up and centered on employee needs. And it continues to be to this day. The work our organization has done — in recruiting, partnerships, volunteering, product— it's all been led by our employees.How they've supported their employees during the Great Resignation: To combat work-related stress, Maven introduced new programs to support employees' mental health, including group sessions with Maven's mental-health providers and career coaches, mandatory mental-health days, twice-a-week no-meeting blocks, and several weeks where employees had time to recharge and unwind.Elaine Mak, chief people officer at ValimailElaine Mak.Courtesy of Elaine MakWhat their company does: Valimail is a cloud-native platform for validating and authenticating sender identity to avoid phishing, spoofing, and brand hijacking.How they've supported their employees during the coronavirus pandemic: As the pandemic unfolded, it was an opportunity to lay a strategic foundation on Valimail's organizational design to serve a dual purpose: Drive talent acquisition and retention and seat people at the table to become an integral voice in making decisions that affect them.In 18 months, my team has refreshed Valimail's company mission, values, and strategy to explicitly prioritize and resource people and DEI efforts. My team has also pivoted the leadership model to a cross-functional structure that distributes power, agency, and autonomy of decision-makers across levels.I've also led the people team to expand and diversify the leadership team at Valimail to ensure appropriate voices and perspectives have a seat at the table to inform strategic decisions. How they've supported their company's diversity, equity, and inclusion efforts during the pandemic: We empowered a DEI committee resourced with an executive sponsor and budget focused on wellness initially to address burnout. Along with other company efforts, we have the foundation to execute a strategic road map on DEI education and development and further cement DEI at the heart of our business and people strategy.Lastly, our efforts in people and DEI culminated in an employer-brand makeover that authentically reflects a day-to-day reality where people-first is core to our culture.Kerris Hougardy, vice president of people at AdaKerris Hougardy.AdaWhat their company does: Ada is an automation platform that powers brand interactions between companies and their customers.How they've supported their employees during the coronavirus pandemic: Ada's first priority during the pandemic was to assess the health and safety of its employees and to implement an immediate change to the work environment.The transition to a full-remote, digital-first culture required Ada to ensure its employees could work and communicate effectively.Our employee-relations team is on hand to support anyone going through work or personal issues. We have a wellness fund for each employee to get access to support — mental health and physical, access to ClassPass, and lunch and learns where they can listen to speakers around burnout and resiliency.How have the events of the pandemic affected your view of HR's role? HR is no longer only about hiring and firing employees, but about supporting and engaging with employees as whole humans.People should be able to show up authentically and do their best work, to feel acceptance and belonging, and to feel supported with life's ups and downs.Cheryl Johnson, chief human-resources officer at PaylocityCheryl Johnson.Courtesy of Cheryl JohnsonWhat their company does: Paylocity provides cloud-based payroll- and human-capital-management software.How they've supported their employees during the coronavirus pandemic: My HR leaders collaborated with Paylocity's Diversity Leadership Council to ensure that company benefits intentionally built an inclusive and equitable culture for current and future employees and their families.The group also confirmed that medical plans aligned with the World Professional Association for Transgender Health (WPATH) Standards of Care for the Health of Transsexual, Transgender, and Gender Nonconforming People.For financial flexibility, we rolled out a loan program, offering interest-free loans to any employees in need, along with on-demand payment for early access to earned wages if needed. At the same time, we introduced voluntary furloughs for up to 90 days and implemented an international work program to allow employees to work abroad for up to 90 days.How they've supported their employees during the Great Resignation: We formed task forces to understand why people were leaving but, more importantly, why people were staying. Recently our HR team has found success socializing "stay interviews," which help managers to improve their direct-report relationships, keep at-risk talent, and provide broader insights to build culture and connection.Giving employees greater transparency helps them spot career opportunities and paths to growth. Our HR team is implementing succession planning efforts to identify and develop key talent and give employees more freedom to impact how, where, and when they work. Dave Carhart, vice president of people at LatticeDave Carhart.Courtesy of Dave CarhartWhat their company does: Lattice is a people-management platform that helps leaders build engaged, high-performing teams.How they've supported their employees during the coronavirus pandemic: Work was stressful in "normal" pre-COVID times, but the pandemic has created new levels of burnout and exhaustion.Recognizing this, in 2020, I oversaw the rollout of Lattice "recharge days," a number of designated days where the entire company is off on the same day with the explicit goal of stepping away from work mentally. The recharge days has since been made permanent, with six annual recharge days added to our annual calendar on top of national holidays and flexible PTO. How have the events of the pandemic affected your view of HR's role? It's reminded us how critical it is to lead with empathy and represent a very human voice within our workplaces. We are asking people to bring their whole selves and all of their energy and commitment.With that will also come their personal passions, their family commitments, and the individual challenges that they are facing. We need to embrace all of that and come with support for the whole person and their family, too.Marlee Raber Proukou, director of people operations at JetsonMarlee Raber Proukou.Courtesy of Marlee ProukouWhat their company does: Jetson is a personal-mobility-devices company that sells electric bikes, electric scooters, and hoverboards.How they've supported their employees during the Great Resignation: In addition to navigating a global pandemic, our employees have had to adjust to the company's rapid growth, resulting in many being spread thin and approaching burnout.We've tried to address this two ways — focusing on both recruitment and employee appreciation. We built a larger people-operations team to increase our recruitment efforts, bringing in much needed full-time and contract hires to assist with our ever-increasing workload so our employees can enjoy more of a balance.Through bigger efforts, like rewarding our employees with promotions, bonuses, and raises to smaller changes like our new "all-star award" — a peer-nominated cash award presented monthly to an employee who is impacting their teammates — we continuously try to let our employees know we are grateful for them.How have the events of the pandemic affected your view of HR's role? The role has evolved from what many people thought of as traditional HR functions, like payroll and benefits administration, to encompass more people-centric priorities like supporting employees' work-life balance, ensuring a work environment that is both productive and safe, and creating an increasingly diverse workforce.In today's world, a successful HR team is quick-thinking, strategic, and empathetic. Most importantly, we are working to understand and support our employee's personal and professional experiences in what has been an extremely turbulent two years.Karen Craggs-Milne, vice president of ESG at ThoughtExchangeKaren Craggs-Milne.Courtesy of Karen Craggs-MilneWhat their company does: ThoughtExchange is a patented antibias enterprise tool that leaders use to gain insights that inform decision-making.How they've supported their employees during the coronavirus pandemic: With the pandemic causing a global shift to remote work, and recognizing the diverse circumstances of the company's employee base, we brought an equity lens to the people team's COVID-response initiatives.By asking diverse employees what they needed most to navigate the pandemic and how to best support employee well-being across different employee populations, we helped ThoughtExchange identify tailored solutions that made a big difference to employees.Listening to its employees, we offered financial support during school closures so parents could hire tutors, purchase memberships to educational sites or resources, and continue to ensure their children's educational needs were met.What are the skills you have used to be successful in HR? Empathy and patience are arguably the two most important characteristics to grasp when being a leader in HR.Employees want to feel heard and recognized during their time at an organization, and leveraging the ability to understand where all opinions are coming from, and then negotiating the best collective outcomes, is key to maintaining top talent that feels safe and valued within their work environment.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMar 18th, 2022

San Francisco Homeless Insider Tells All

San Francisco Homeless Insider Tells All Authored by Michael Shellenberger via Substack, Why progressives defend and finance open drug scenes... In my new book, San Fransicko, I describe why progressives create and defend what European researchers call “open drug scenes,” which are places in cities where drug dealers and buyers meet, and many addicts live in tents. Progressives call these scenes “homeless encampments,” and not only defend them but have encouraged their growth, which is why the homeless population in California grew 31 percent since 2000. This was mostly a West Coast phenomenon until recently. But now, the newly elected progressive mayor of Boston, Michelle Wu, has decided to keep open a drug scene at Mass and Cass avenues, even though it has resulted in several deaths from drug overdoses and homicides. Progressives defend their approach as compassionate. Not everybody who is homeless is an addict, they say. Many are just down on their luck. Others turn to drugs after living on the street. What they need is our help. We should not ask people living in homeless encampments to go somewhere else. Homeless shelters are often more dangerous than living on the street. We should provide the people living in tents with money, food, clean needles, and whatever else they need to stay alive and comfortable. And we should provide everyone with their own apartment unit if that’s what they want. But this “harm reduction” approach is obviously failing. Cities already do a good job taking care of temporarily homeless people not addicted to drugs. Drug dealers stab and sometimes murder addicts who don’t pay. Women forced into prostitution to support their addictions are raped. Addicts are dying from overdose and poisoning. The addicts living in the open drug scenes commit many crimes including open drug use, sleeping on sidewalks, and defecating in public. Many steal to maintain their habits. The hands-off approach has meant that addicts do not spend any amount of time in jail or hospital where they can be off of drugs, and seek recovery. Now, even a growing number of people who have worked or still work within the homeless services sector are speaking out. A longtime San Francisco homeless service provider who read San Fransicko, and said they mostly agreed with it, reached out to me to share their views. At first this person said they wanted to speak on the record. But as the interview went on, and the person criticized their colleagues, they asked to remain anonymous, fearing retribution. Why “Housing First” Failed The main progressive approach for addressing homelessness, not just in San Francisco but in progressive cities around the nation, is “Housing First,” which is the notion that taxpayers should give, no questions asked, apartment units to anyone who says they are homeless, and asks for one. What actually works to reduce the addiction that forces many people onto the streets is making housing contingent on abstinence. But Housing First advocates oppose “contingency management,” as it’s called, because, they say, “Housing is a right,” and it should not be condition on behavior change. But such a policy is absurdly unrealistic, said the San Francisco homeless expert. “To pretend that this city could build enough permanent supportive housing for every homeless person who needs it is ludicrous,” the person said. “I wish it weren’t. I wish I lived in a land where there was plenty of housing. But now people are dying on our streets and it feels like we’re not doing very much about it.” The underlying problem with Housing First is that it enables addiction. “The National Academies of Sciences review [which showed that giving people apartments did not improve health or other life outcomes] you cited shows that. San Francisco has more permanent supportive housing units per capita than any other city, and we doubled spending on homelessness, but the homeless population rose 13%, even as it went down in the US. And so we doubled our spending and the problem got worse. But if you say that, you get attacked.” How did progressives, who claim to be evidence-based, ever get so committed to Housing First? “Malcolm Gladwell’s [2006 New Yorker article] “Million Dollar Murray,” really helped popularize this idea,” the person said. “But it was based on an anecdote of one person. It works for who it works for but is not scalable. [Governor] Gavin [Newsom] made a mistake [as San Francisco’s Mayor 2004-2011] which was that we stopped investing in shelter. But that’s because all the best minds were saying, ‘This is what’s going to work.’” One of the claims made defenders of the open drug scenes is that people who live in them are mostly locals who were priced out of their homes and apartments and decided to pitch a tent on the street. In San Fransicko, I cite a significant body of evidence to show that this is false, and that many people come to San Francisco from around the U.S. for the city’s unusually high cash welfare benefits, free housing, and tolerance of open drug scenes. The insider agreed. “People come here because they think they can. It’s bullshit that ‘Only 30 percent [of homeless] are from out of town.’ At least 20,000 homeless people come through town every year. Talk to the people on the street. There’s no way 70 percent of the homeless are from here. Ask them the name of their high school and they guess, ‘Washington? The one around the corner?’ But you can’t even talk about that without being called a fascist.”  The people living on the street suffer from serious addiction, this person said. “During the first point in time count [census of homeless population] in 2007, one-third had a disability, mental illness, or addiction, while last time, it was over two-thirds. The population fundamentally changed, whether from the drugs, or the time on the street. It doesn’t matter because a lot of the problems on the street are drugs-related. Neither San Francisco nor any other municipality can solve the housing policy without changing federal policy.” Life in the open drug scenes is brutal, this person confirmed. “Most homeless encampments are not communities but have paper-thin relationships based on their disease. It’s hard to have healthy relationships when you’re just trying to keep your head above water because you’re so dope dependent.” What San Francisco and other progressive cities are doing isn’t working. “People in those encampments have food brought to them, port-a-potties brought to them, and all they need to do is put drugs in their arm all day. They get really really sick and they die. Portugal didn’t make it so you can do whatever you want. The consequences of your action are treatment driven, but there are consequences. Here there are no consequences. And so we make it worse.” This person was harshly critical of San Francisco’s Department of Public Health for allowing drug overdoses to rise to over 700 per year. “They say, ‘It’s not our fault because it’s fentanyl.” But it’s only gotten worse.” This person stressed they were in favor of harm reduction policies like giving addicts clean needles in exchange for them giving back dirty ones, but not just giving out needles. “I’m all in favor of needle exchange, but not of needle distribution. Ask people to return the needles they’ve been given. There are people who don’t have it together enough. I get that. But when you tell people we’re going to give you whatever you want, to do whatever you want… Sleeping on a sidewalk is a crime. There are things you can’t do. You can’t shoot up on the street. The laws are there for a reason.” Why Progressives Create Homelessness So ⁦@SFPD⁩ just arrested ⁦@christinevans⁩ for interfering with their work of displacing folks in a large encampment under the freeway during a pandemic as Delta is spreading. I was talking to an unhoused pregnant woman when they threatened to arrest me too. pic.twitter.com/NBANKCWA0Y — Kelley Cutler (@NutCheese) July 27, 2021 Open drug scenes look like natural disasters, but they are the result of specific city policies. These policies including giving money, food, and drug paraphernalia to addicts to support their addiction. But even if progressives didn’t give people those things, many addicts would still live in open drug scenes. As such, the main reason “homelessness” is so much worse in progressive West Coast cities is because progressives hotly oppose efforts by cities to close the open drug scenes and move addicts into shelters and rehab. By blocking the closing of open drug scenes, which is referred to as “clearing an encampment,” people in need of help don’t get it. “The San Francisco Coalition on Homelessness recently [July 2021] protested an encampment clearing where a woman was pregnant,” the insider told me. “As soon as everybody left, the woman went into a shelter, after having been on the streets for three months. She went indoors. It’s like, ‘What are you fighting for? The right of this person to stay on private property and be pregnant?’” One of the questions I tried to answer in San Fransicko was when it was that street addicts started living in tents. I concluded that it started with the “Occupy Wall Street” protests in 2011, when progressive activists in San Francisco, Oakland, and other cities lived in tents in front of government buildings to protest capitalism. This person confirmed this account. “You’re right that the tents popped up after Occupy,” they said. “But it wasn’t just that the Occupy activists gave the homeless their tents. It was that the homeless saw well-heeled whites sleeping in tents. It got moralized.” The most influential homeless advocate in San Francisco, and perhaps the United States as a whole, is the head of the San Francisco Coalition on Homelessness, Jennifer Friedenbach. Over the last three decades, Friedenbach has taken control over San Francisco’s homelessness budget and other policies. She blocks the closure of open drug scenes, calls people who disagree with her fascists and racists, and organizes protests at the homes of politicians. Time to house all San Franciscans, don’t you think? pic.twitter.com/PA5fFGivhN — Jennifer Friedenbach (@fbach4) May 18, 2021 A typical example of Friedenbach’s tactics could be seen in posters she promoted in May. The headline read, “See a tent? Just fucking leave it alone, thanks. Maybe instead of complaining about a homeless person’s only shelter from the elements, you could do something about the economic conditions that put them there in the first place?” The main reason San Francisco lacks sufficient homeless shelters is because Friedenbach and other Housing First advocates have long opposed them. They have demanded that money go to providing people with their own apartment units. The reason, Friedenbach explained to me, is that “if you ask unhoused people, they’re not screaming for shelter. They’re screaming for housing.” In the spring of 2021, Friedenbach published an op-ed opposing a proposal considered by the San Francisco Board of Supervisors to create, within eighteen months, sufficient homeless shelters and outdoor “Safe Sleeping Sites” for all of the city’s unsheltered homeless. “One can simply take a look to New York City,” she wrote. “Their department spends about $1.3 billion dollars of its budget on providing shelter for their unhoused population while thousands remain on the street. . . . As a result, New York has a higher rate of homelessness than San Francisco.” But the claim was misleading. New York shelters the vast majority of its homeless, whereas San Francisco leaves the vast majority of its homeless unsheltered. “New York [City] has made the decision that everyone should have an exit from the street,” noted Rafael Mandelman, a San Francisco county supervisor. “San Francisco has consciously chosen not to make that commitment. And the conditions on New York’s streets versus San Francisco streets are somewhat reflective of what that means.” Friedenbach controls how San Francisco spends its astonishing $850 million annual budget. “Jenny built her power base by becoming a master of the budget’s “add back” process,” said the San Francisco insider. “The night before the budget is announced, it gets reviewed by the Board of Supervisors, but they’re trying to get out of there by midnight, and that’s when these ‘community asks.’ The board goes and trims stuff out of the mayor’s budget and does “add backs'' of money for struggling nonprofits. Jenny has mastered that process. And so if you’re a nonprofit executive director, and you want money in the add back process, which everyone does, you have to go through Jenny.” This person said that Friedenbach also operates behind the scenes. “She controls fake front groups like the Homeless Service Providers’ Coalition and the Justice Budget Coalition,” said the insider. “She knows the issue well. A lot of people look to her.” But more importantly, Friedenbach, like many progressive defenders of open drug scenes, demonize the people who stand up to her. “They shut down the discussion,” the insider said. “Everybody is just like, ‘Police bad. Public health good.’ It’s Animal Farm. But the city’s homeless outreach team can’t do their jobs without the cops. That’s the stuff that shuts down any meaningful discussion.” Why do they do it? Radical anti-system ideology. “There’s a San Francisco Coalition on Homelessness hat which says, ‘Coalition on Homelessness: On The Frontlines of Class Warfare,’” said the insider. “They feel like they’re fighting class warfare. They tell people to not take shelter.” I documented in San Fransicko that Friedenbach and other homeless advocates are motivated in significant measure by their belief that capitalism, not addiction, is responsible for the suffering on the streets. After I appeared on Joe Rogan, a clinical psychologist who for two decades ran programs for homeless veterans at the San Francisco Veterans Administration Medical Center, which included homeless vets, emailed me. “I agree with all you say about the ‘homeless’ people who are actually mislabeled mentally ill and drug addicts,” wrote Dr. Mark Zaslav. “I like your comparison of the ‘ideology’ of people who “advocate” for the homeless to a religion gone haywire. But I wanted, as a psychologist, to add another point for your consideration.  This is the fact that this leftwing religion is based on split-off hatred and contempt for civilization itself.  When I attended substance abuse conferences in San Francisco run by community leaders, it became clear to me that these people had no understanding of mental health disorders like addiction – they regarded “homeless” addicts as heroes of some kind.   “Thus, each drug addict defecating on the streets in the Tenderloin was a massive middle finger to some imagined white male with a briefcase.  The premise of your solutions, which make so much sense, assume that adherents to the now reigning ideology want things solved.  They do not.  They want people inconvenienced by addicts – the homeless become quote literal scared cows who roam society reminding everyone of the sins of capitalism. “You mentioned Noam Chomsky.  These people are angry and full of hate.  They have tapped into a form of blindness among the voters of places like San Francisco or California itself – these are angry people endlessly telling themselves they are compassionate while projecting their hatred toward the ‘bourgeoise.’ I am afraid this does not end well. “ The San Francisco homelessness insider agreed, and despaired over the religious fervor in which the people who work at the San Francisco Coalition on Homelessness, the San Francisco Public Health Department, and many elected members of the Board of Supervisors are gripped. “Maybe homelessness is part of capitalism and racism,” said this person. “I can’t solve that and neither can any nonprofit organization. I can’t stand seeing people suffering on the streets. What are we going to do right now?” .*  *  * Michael Shellenberger is a Time Magazine "Hero of the Environment,"Green Book Award winner, and the founder and president of Environmental Progress. He is author of just launched book San Fransicko (Harper Collins) and the best-selling book, Apocalypse Never (Harper Collins June 30, 2020). Our research and writing depends on individuals like you. Please consider subscribing now so we can expand our work in the coming year Tyler Durden Mon, 11/29/2021 - 22:20.....»»

Category: blogSource: zerohedgeNov 29th, 2021

3 Ways To Profit From The Total Disruption Of Real Estate

Sweat was dripping off my forehead. Q3 2021 hedge fund letters, conferences and more It must have been 95 degrees out, and it wasn’t even 10 am yet. And yet, there I was… measuring the outside of a warehouse in rural Louisiana. Before I became a full-time trader and analyst, I was a commercial real […] Sweat was dripping off my forehead. 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 .af-body.af-standards 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); Q3 2021 hedge fund letters, conferences and more It must have been 95 degrees out, and it wasn’t even 10 am yet. And yet, there I was… measuring the outside of a warehouse in rural Louisiana. Before I became a full-time trader and analyst, I was a commercial real estate appraiser in New Orleans. It was a great learning experience. But I wouldn’t call it my dream job. Measuring buildings wasn’t the only thing I disliked about the job… Getting information was also a huge chore. If I wanted to learn about a recent sale or property listing, I’d have to call an agent. If I wanted to look at property sale records, that often meant phoning the local clerk of court. In short, the job involved a ton of tedious work. And there was no central database for land sales. Every county was different. The real estate industry was behind the times. It had resisted innovation… until recently. Finally… the much-needed digitization of real estate is happening… Today, I’ll tell you about three ways to play the next wave of the digitization of real estate. But let’s first look at how much the industry has evolved. Buying a house isn’t what it used to be… In the old days, you’d have to schedule a viewing for a house or hope that your schedule aligned with an open house. You’d have to deal with a realtor, the property owner’s realtor, and the property owner. Later in the process, lawyers would get involved, as well as title insurers and surveyors. Fees were steep, and they added up quickly. In short, the process was extremely outdated and frustrating. Thankfully, that’s no longer the case… So-called “iBuying” has made buying and selling a home EASY… Opendoor Technologies Opendoor Technologies Inc (NASDAQ:OPEN) is an internet “realtor” that will buy your house sight unseen. No open houses, negotiation, or waiting months for a buyer to come up with the money. Type your address into Opendoor’s website, submit a few photos, and it will make you a cash offer in a couple of days. Opendoor bought and sold 20,000 homes online last year alone. A decade ago, this would sound crazy. But iBuying is part of the new normal thanks to technological advances in the real estate market. Pictures of a house can only do so much. They can show you what a house looks like, but they can’t show you what it feels like. It’s why seeing a house in person used to be necessary… but virtual reality is changing that… Zillow Conducts 3D Home Tours Zillow Group (NASDAQ:Z), an iBuying pioneer, now conducts 3D home tours. These tours let you see the actual dimensions of the property. It’s like going to an open house on the internet. Source: Zillow Listings with the 3D tour option get an average of 37% more views than listings without the 3D option. They also sold 14% faster. Anyone can download the Zillow 3D Home app to create their own virtual tours and capitalize on this disruption. It’s no surprise Zillow stock went on a tear last year, surging 938%. Lately, Zillow has been struggling due to the failure of its Zillow Offers arm. In short, Zillow used iBuying to buy houses it believed were undervalued, sight unseen. The goal was to flip them for a profit. That turned out to be much more difficult than the company anticipated. Earlier this week, Zillow announced the closure of this division of its business. Although it hasn’t all been smooth sailing for iBuyers, the usage of new technologies to evaluate and buy homes is only going to grow. Redfin Sees Increase In 3D Walkthroughs Fellow iBuying pioneer Redfin Corp (NASDAQ:RDFN) says 63% of its homebuyers last year made an offer on a home without seeing it in person. The company also saw a 563% increase in 3D walkthroughs during 2020. Redfin’s share price surged over 700% from March 2020 to February of this year. That’s more than 5X what the S&P 500 returned over the same period! Lately, the stock has cooled off. These were tremendous gains for the two iBuying pioneers. But they’re only a taste of what’s yet to come. Real estate is the world’s largest market… According to Savills, the global real estate market is worth $326.5 trillion. That’s more than 3X as big as the global stock market and more than twice as large as the global debt market. Just four years ago, global real estate was valued at $228 trillion. Since then, it’s increased by almost $100 trillion. However, I still see plenty of room for growth. Especially in these three areas… Big Data: Companies like Zillow, Trulia, and Redfin are collecting huge amounts of data every time a home sells on their platforms. They are learning about home prices but also gaining insights into traffic patterns, demographics, and other key metrics of their customers. Making sense of this data will help these companies maximize their profit potential. VR/AR: Virtual reality and augmented reality will make the online search and home buying experience even more exciting and accessible. According to a survey by the National Association of Realtors, nearly half of all potential homebuyers search for properties on the internet first. Realtors can create virtual reality tours of properties that potential buyers can experience from the comfort of their own homes. This will also help long-distance buyers tour properties they can’t physically visit. Blockchain: Blockchain is a completely new way of record keeping. Instead of a bank controlling the database, it’s run on a network of computers. Transactions are verified by thousands of individuals across the world. Blockchain lets us securely record who owns what without a central authority for the first time ever. With all the middlemen, fees, outdated practices, and piles of paperwork, the process of buying a house can often take months. In the not-so-distant future, through the blockchain, you’ll be able to qualify for a loan, complete a title search, and close on a house in just one day—all without the involvement of costly middlemen. I’ll have more to say about how to cash in on the digitization of real estate soon. The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money" Get our latest report where we reveal our three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here. Article By Justin Spittler - Chief Trader, RiskHedge  - Mauldin Economics Updated on Nov 12, 2021, 5:04 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; 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: valuewalkNov 12th, 2021

Top Florida Official Suggests "In-N-Out" Move To Sunshine State After Vaccine Mandate Closures

Top Florida Official Suggests 'In-N-Out' Move To Sunshine State After Vaccine Mandate Closures By Jack Phillips of Epoch Times, Florida’s Chief Financial Officer, Jimmy Patronis, suggested that In-N-Out Burger should move to the Sunshine State after several In-N-Out locations were shut down by California officials. An In-N-Out Burger restaurant in Alhambra, Calif Patronis appealed to In-N-Out CEO Lunsi Snyder to move to the state, arguing that Florida has a superior business climate—noting the state has no personal income tax, low corporate taxes, and no mandates. “I’m writing you today not only as Florida’s Chief Financial Officer, but as a small business owner who grew up in a family-owned restaurant and worked there for more than 30 years,” his letter reads. “I know how hard it is to turn a profit and make payroll on a good day, let alone when your own government is working to crush your business with absurd mandates. Once I heard the news of your shutdown for refusing to act as ‘vaccine police,’ I knew I had to reach out immediately.” It came as health officials in Contra Costa County, Calfornia, shut down another In-N-Out Burger location for allowing indoor dining without checking customers for proof of vaccination, coming after a location was closed in nearby San Francisco for a similar reason. Contra Costa County District 1 Supervisor John Gioia claimed that In-N-Out’s staff in Pleasant Hill “have just flouted the law.” “It was other residents who complained about them,” he told ABC7. “That is why the health department followed up and issued fines.” The Contra Costa Environmental Health said in a news release the commercial food permit for the Pleasant Hill location was suspended Tuesday “for creating a public health hazard by repeatedly violating a county health order intended to reduce the risk of COVID-19 transmission.” “Despite repeated notices of violation and fine, this business continued to permit indoor dining on site without verifying the COVID-19 vaccination status or recent, negative test result of customers,” the press release from Contra Costa health officials also said. The restaurant chain, which has numerous locations across the West Coast, said its staff will not check the vaccination status of customers. “The reason for the closure is that In-N-Out Associates were not actively demanding vaccine documentation and photo identification from each dine-in Customer before serving them,” In-N-Out Chief legal officer Arnie Wensinger said in a statement to local media after the Contra Costa location was closed. “We refuse to become the vaccination police for any government,” he added. “It is unreasonable, invasive, and unsafe to force our restaurant Associates to segregate Customers into those who may be served and those who may not, whether based on the documentation they carry, or any other reason.” Wensinger continued to say that the chain doesn’t agree “with any government dictate that forces a private company to discriminate against customers who choose to patronize their business.” The move comes about two weeks after another In-N-Out Burger in San Francisco’s Fisherman Warf was closed down for allowing indoor dining without having its staff check whether they’re vaccinated or not. A vaccine passport mandate was implemented in San Francisco earlier this year by Democrat Mayor London Breed, and similar systems have been implemented in New York City, Los Angeles, New Orleans, and several other U.S. cities. The San Francisco location was reopened to outdoor dining and takeout. Some would-be customers in Pleasant Hill criticized the move to shut down the business. “It’s not their job, they’re here to make hamburgers for us in all reality,” said Sean Vance to ABC7. “Absolute government overreach, it’s too much government control over us, we are a nation of freedom,” said Army veteran Laura Moser. Tyler Durden Thu, 10/28/2021 - 22:20.....»»

Category: dealsSource: nytOct 28th, 2021

A 46-year-old Italian restaurant in St. Louis said it closed because it couldn"t find enough staff. "There"s nothing more we can do," its owners said.

Restaurants have been hit hard by the labor shortage. The owners of Balducci's in St. Louis, Missouri, said they couldn't find enough staff. The hospitality industry has been hit especially hard by the labor shortage. Horacio Villalobos#Corbis/Corbis via Getty Images Balducci's, an Italian restaurant in St. Louis, said it was forced to close because it couldn't find enough staff. "When we can't find enough people to staff the operation, there's nothing more we can do," its owners said. Restaurants have been cutting their hours and closing their dining rooms due to understaffing. A 46-year-old Italian restaurant in St. Louis has said it was forced to close because of understaffing."It's very sad and emotional to let go, but when we can't find enough people to staff the operation, there's nothing more we can do," the owners of Balducci's wrote in a Facebook post Sunday.The US is suffering from a huge labor deficit as staff quit their jobs in search of better wages, benefits, and working conditions. Factors related to the pandemic, such as rising cases of the Delta variant of COVID-19, are also putting some off from applying for jobs.The labor shortage has hit industries ranging from education and healthcare to trucking and tech, but the hospitality industry has been hit especially hard. Data from the US Bureau of Labor Statistics shows that people have been quitting jobs in the accommodation and food-services sector at twice the national average rate.The owners of Balducci's didn't provide further information on their staff shortfall. In a previous Facebook post on June 6, the restaurant said it would close its dining room on Sunday evenings and provide carryout and curbside orders only."This isn't permanent but it will continue until we are able to properly staff the restaurant where we are at the point of being able to provide the service our patrons have come to expect from us," the restaurant said at the time. It is unclear whether this policy remained in place until the restaurant's closure.Restaurants have been changing their opening hours or closing their dining rooms both because they can't find enough staff to operate as usual and because labor is getting more expensive. Some have hiked up menu prices, too, like a chicken restaurant in Pennsylvania that has put prices up every month since May because of growing labor and ingredients costs.Some restaurants have tried to boost both recruitment and retention by upping wages, offering hiring and performance bonuses, and providing other benefits.Some say this was successful, like the owner of Dirt Candy in Manhattan, who said that she hasn't had any problems staffing her restaurant after boosting its starting wage to $25. However, other independent restaurants say that they can't compete on wages with chains like McDonald's and Starbucks.Balducci's was opened in 1975 by the grandson of Italian immigrants and has since stayed in the Balducci family, per its website. Longevity is "one of the things the Balducci staff is most proud of," the restaurant says on its website, adding that many young people have paid for school, automobiles, and down-payments for homes by working there.Balducci's said in its Facebook post Sunday: "We can't thank our amazing staff enough for sticking with us and fighting till the end."Expanded Coverage Module: what-is-the-labor-shortage-and-how-long-will-it-lastRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 19th, 2021

Momofuku permanently closes at CityCenterDC

Momofuku in CityCenterDC will not reopen after the coronavirus pandemic passes, owner David Chang said Wednesday. The celebrity chef announced the restaurant's permanent closure along with that of Nishi, one of his New York restaurants, and the reloc.....»»

Category: topSource: bizjournalsMay 13th, 2020

Grassroot Election Integrity Movement Sweeps Battleground States

Grassroot Election Integrity Movement Sweeps Battleground States Authored by Gary Bai via The Epoch Times (emphasis ours), At ten past five in the morning on Election Day in 2021, retired construction company owner Warren Jenkins slid into his business-casual attire in a panic, knowing he had to get to the polling station in 20 minutes. He was the only Republican poll watcher at an important precinct. Cleta Mitchell speaks at the "Election Integrity Summit" in Harrisburg, Pa., on Aug. 20, 2021. (Courtesy of Cleta Mitchell) Jenkin’s wife, prescient, pre-made lunch for her husband, who then arrived at the polls to begin his 15-hour shift—from 5:30 a.m. to about 9 p.m.—just in time. As a volunteer poll watcher in Virginia, Jenkins would run back and forth between the outdoor ballot box and the in-door voting place, observe the conduct of the election, and report irregularities and violations of the Election Code, if any, to election officials. For his entire life, Jenkins has been somewhat of a model American man: he served in the army, built houses, and loves spending his weekends at church and with family and friends—and wasn’t into politics, at all. But as the battleground blaze simmered at the conclusion of the 2020 election lawsuits, Jenkins still had in his mind the lingering silhouette of Zuckerbucks (private funding in election administration that was allowed in 2020 and now banned in some states), whispers of faulty mail-in ballots, and alleged—later court-confirmed—election law-flaunting. He then thought he could do more for the country as an American. “With the Trump-Biden election, there was so much press on the dishonesty in the election. I thought I would see for myself,” Jenkins told The Epoch Times. “I’m retired now—and I thought, it was time to roll up my sleeves and to go out and to help out.” “I felt like being a poll watcher—even though we didn’t get paid—was an important role,” Jenkins said. “I didn’t really care about the money.” A poll watcher monitors the counting of ballots at the Allegheny County elections warehouse in Pittsburgh, Pa., on Nov. 6, 2020. (Jeff Swensen/Getty Images) Jenkins is one of many who saw themselves as a part of a movement to defend the integrity of America’s elections, concerned that the 2020 election was not conducted well. Some offered explanations for what went wrong in 2020—some had substantial proof—but none seemed to be able to convince the courts to rule in favor of what they were proposing, which often consisted of flipping the election results for a district, or the Biden presidency altogether. Many realized this, so they pivoted forward. They formed a movement, driven by the belief that citizens should participate in the election process to give rise to transparency, and that accompanying the right to vote is the right to have every legal vote counted—and faulty vote trashed. Ground-up Movement Jenkin’s resolve to act proved fortuitous, because just as Republicans like him across the country decided to become more involved in elections, roads were built to help them do exactly that. Cleta Mitchell, who fought alongside former President Donald Trump in one of the 2020 election lawsuits disputing the election results in Georgia, was getting a lot of calls—and a lot of ideas—following the 2020 election. “What has happened in 2020 was that many people across the country realized that things were not right, and that the election was not conducted according to law in many cases,” Mitchell told The Epoch Times. “And so a lot of people have said, ‘What can I do to help? What can we do to make sure this doesn’t ever happen again?’” “As somebody who spent a lot of time in a lot of different aspects of the election, I’ve tried to say, here are things you can do: You can go to rallies and have somebody get yelled at,” Mitchell said. “Or, we can train you. We can tell you what you need to do to make sure it never happens again. And there’s plenty to do.” Mitchell, a seasoned lawyer with a swath of experience in all corners of election issues (and a Democrat-turned-Republican), leads the Election Integrity Network, a project of the Conservative Partnership Institute, a Washington-based non-profit. Since its launch, the network developed into a nationwide mobilization base and knowledge-sharing platform that operates at national, state, and local levels to work on election integrity initiatives, such as pushing legislation for voting security, hiring more poll watchers and election officials, and examining potential loopholes in election administration processes. Through training and discussion “summits,” the network has kicked off state-level “coalitions” across the country, and these state coalitions would then become the headquarters of mobilizing precinct-level task forces in that state to work on election integrity projects. “Ultimately, all elections take place at the local level,” Mitchell said when asked about her vision for launching the network. “We are asking people to become involved in apparatus at their local level, because that’s where the elections take place. And that’s where many of the problems occur, because that’s where the voting takes place.” Getting to Work The Election Integrity Network started humbly with weekly telephone calls, during which state coalition leaders in various battleground states would bounce ideas off of each other on how to improve election security and share the issues they spot. But things quickly picked up speed when Lynn Taylor, a regular on these calls who leads Virginia Fair Elections, a state-level coalition in Virginia, saw that time is cutting short for her state. “Virginia is one of two states that have statewide elections every year, Virginia and New Jersey,” Taylor said in an interview with The Epoch Times, sharing how she was concerned about the way the 2020 election was run and wanted to help improve the security of the 2021 election—the question now is how. “The idea came from Cleta when she and I were on the phone together, and she said, ‘you really need a summit,’” Taylor said, recounting her conversation with Mitchell. “I said, ‘I don’t have the budget for that,’ and she said, ‘I do.’ Two and a half weeks later, we had a summit.” “This was very different from the way that things had been done,” Taylor said. “You know, people have been having summits for ages, but this is the first one in my years that we actually use it for training purposes.” With the help of Mitchell and the Election Integrity Network, Taylor organized the network’s first “Election Integrity Summit” in August 2021 in Virginia. The two-day event featured election integrity training and information for grassroots who wanted to help improve election security. These included poll observers’ recruitment, scheduling, training, and administration; a project to document potential illegal voter registrations; and a discussion on the alleged influence of private funding in the 2020 election. During the summit, people who had already been working on related initiatives—improving security around the ballot box, analyzing election data for potential anomalies, or pushing for election integrity legislation, for example—found others scattered across Virginia working on similar things, and quickly fused into local work groups called “Election Integrity Task Forces” and began collaborating on projects on a county basis. “The coalition was how you get involved. You work on a county basis. Then you come up to the state coalition to bring your questions … to see if other counties are running into the same things,” Taylor said, recounting how there were a little more than a dozen task forces in the state during the time of the summit, a number that quadrupled to more than 50 in a few months. “I’ve been doing this for 26 years, and I’ve never seen people come together where they all left their logos at the door,” Taylor said. “They are more interested in the election integrity issue—and making sure that there are free and fair elections—than they are in promoting their own agenda. It is the first time I have ever seen this—in the 26 years that I’ve been working in the nonprofit arena.” Shelley Oberlander, a Republican Precinct Captain for ten years, was leading a local election integrity task force in the Virginia coalition. After learning from the summit about the election integrity projects that she could start in her county, Oberlander started to expand her team. After the summit, Oberlander connected with other county-level task forces and had weekly conference calls to share their experiences. Within a year, Oberlander’s team grew from a few members to six work groups, each specializing in areas of election integrity including legislation, education, data analysis, election technology, and voter administration. “We brought it home, we put it in practice, and we got it going,” Oberlander said in an interview with The Epoch Times. A Helpful Hand The backstory to Oberlander’s involvement in this grassroots election integrity movement is illustrative of the other driving force behind the movement: the Republican National Committee (RNC). As a member of a county-level GOP, Oberlander started the local election integrity team in the Loudoun County GOP at the calling of the state-level GOP, the Virginia GOP, which operates joint forces with the RNC earlier this year and started an election integrity program. Earlier this year, the Virginia GOP sent out a marching order to county-level Republican units in the state asking them to start election integrity teams. “The RNC and Virginia GOP are encouraging unit chairs to hone in on local election integrity efforts,”  Emma Vaughn, an RNC spokesperson, told The Epoch Times in a statement. In other words, Oberlander, as a part of the Republican Party, was able to utilize resources within the GOP establishment, as well as the Election Integrity Network to expand her task force and knowledge base. But the RNC wasn’t always able to do this, as its hands were only recently freed. The RNC, the powerhouse and teller machine of Republican initiatives, was legally barred from organizing and sponsoring ballot security operations like poll watching from 1982 to 2018, due to a 1982 consent decree (pdf) issued by Dickinson R. Debevoise, a judge appointed by former U.S. President Jimmy Carter. This has been consequential. The consent decree meant that for nearly 40 years, the Democratic National Committee had a structural advantage over the RNC in strategizing and developing election administration infrastructure in accordance with its vision of how voting should be done. “Because of the DNC v. RNC Consent Decree, the RNC had been shut out of most election integrity efforts for nearly four decades, which led to a lack of institutional knowledge to conduct election integrity operations,” the RNC’s 2021 election integrity report reads (pdf). After the consent decree expired in 2018, the RNC began building infrastructure around election integrity projects. This includes spending more than 30 million on election protection efforts in battleground states across the country during the 2021 cycle, and continued building election security infrastructure for the 2022 cycle, Vaughn told The Epoch Times. “The RNC has made a multi-million-dollar investment for the 2022 cycle, including 17 state Election Integrity directors, 35 in-state election integrity counsels, and in recruiting over 43,000 poll workers and poll watchers in battleground states across the country,” Vaughn wrote in a statement. “The RNC works with other groups who have an interest in promoting election integrity but the party’s efforts are independent from any outside organization,” Vaughn wrote. The Movement Ripples The Election Integrity Network’s success in Virginia, which Mitchell calls the “Virginia model,” was promptly replicated in other states. By mid-2022, the Election Integrity Network held summits in eight battleground states—Virginia, Georgia, Arizona, Florida, Pennsylvania, Michigan, Wisconsin, and North Carolina—and mobilized thousands to start election integrity projects at the local level, according to Mitchell. “What we are focused on is building out the infrastructure—creating state coalitions and local election integrity task forces,” Mitchell said. “We really are measuring our success by the number of states who are up and running with statewide election integrity coalitions. “We measure that by helping them bring together the various groups to have weekly calls, then getting their local task forces going and then getting a framework for recruiting and training poll workers, election officials and starting the working groups within each state,” Mitchell said. According to Marshall Yates, Executive Director of the network, the network’s state-level conference calls in North Carolina, Michigan, and Georgia had over 75 in attendance, and Arizona and Pennsylvania had about 40 in attendance. The attendees are like Oberlander: they mostly consist of task force leaders who would put what they learned in the calls into practice at their local counties. Even Congress hopped on. Read more here... Tyler Durden Fri, 09/23/2022 - 21:25.....»»

Category: smallbizSource: nytSep 24th, 2022

Small Plates: Red Top Hotdogs owner has something new in the works

A potential new concept is coming to Shelby Park this winter following a recent closure. We have the details on that and more in this week's Small Plates column......»»

Category: topSource: bizjournalsSep 23rd, 2022

Novartis (NVS) to Appeal to Supreme Court for Gilenya Patent

Novartis (NVS) is looking to defend its patents for the multiple sclerosis drug Gilenya and file a petition in the Supreme Court after an unfavorable ruling in the federal court. Novartis NVS plans to file a petition in the U.S. Supreme Court to uphold the validity of the Gilenya (fingolimod) dosing regimen patent.This comes after the U.S. Court of Appeals for the Federal Circuit (“CAFC”) denied its petition to rehear the negative decision regarding the validity of U.S. Patent No. 9,187,405, covering a dosing regimen for 0.5mg Gilenya.Gilenya is approved for relapsing-remitting multiple sclerosis (RRMS).The ruling will allow HEC Pharma to launch its generic version of the drug.We remind investors that the U.S. District Court for the District of Delaware issued a favorable decision in 2020, and a permanent injunction was granted against HEC Pharma until the expiration of the ’405 patent in December 2027 (including pediatric exclusivity). HEC Pharma was the only remaining abbreviated new drug application (ANDA) filer challenging this patent. Novartis had earlier entered into settlement agreements with a number of ANDA filers. Per the agreements, the ANDA filers would have been able to launch a generic version of Gilenya upon FDA approval on an agreed-upon date prior to the expiration of the dosing regimen patent or earlier, under certain circumstances.In January 2022, a three-judge panel of the CAFC issued a decision upholding the validity of the dosing regimen patent. Thereafter, HEC Pharma filed a petition for rehearing with the CAFC. In June 2022, a modified panel from the CAFC issued a reversal of its previous decision and found the patent invalid.Novartis expects its 2022 top line to be negatively impacted by $0.3 billion if Gilenya loses exclusivity and generics enter the market. Nevertheless, it expects sales and core operating income growth for 2022 in the mid-single digit range in constant currencies.Gilenya is one of the top drugs for Novartis and contributed $1.2 billion in sales in the first half of 2022.  An earlier-than-expected entry of generics in the United States will be detrimental to the drug’s contribution to overall growth as the sales in the county have already been steadily declining due to competitive pressures.Shares of Novartis have lost 12.7% so far this year compared with the industry’s decline of 6.5%. Image Source: Zacks Investment Research Novartis is now looking to focus on strengthening its solid position in five core therapeutic areas (Hematology, Solid Tumors, Immunology, Neuroscience and Cardiovascular), strength in technology platforms (Gene Therapy, Cell Therapy, Radioligand Therapy, Targeted Protein Degradation and xRNA) and a balanced geographic footprint following a decision to spin off its generic business.In April, Novartis announced a new organizational structure to accelerate growth, strengthen its pipeline and increase productivity.  The changes are expected to generate SG&A savings of $1.5 billion (the previous target of $1 billion) to be fully embedded by 2024.In 2021, Novartis sold its 33% stake in Roche RHHBY for $20.7 billion. The company has been a shareholder of RHHBY since May 2001. NVS initiated a share buyback of up to $15 billion, of which $9.4 billion remains. The buyback is funded through the proceeds from the sale of 53.3 million shares of Roche.Novartis is likely looking for strategic acquisitions in the pharma space using the cash proceeds from its stake sale in Roche.Novartis carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the sector are Sanofi SNY and Bolt Pharmaceuticals BOLT. Both carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Earnings estimates for Sanofi are up 4 cents each for 2022 and 2023. Sanofi surpassed estimates in all of the trailing four quarters, the average being 9.37%.Loss estimates for BOLT have narrowed to $2.25 from $2.87 in the past 60 days. BOLT surpassed earnings in three of the trailing four quarters, the average being 2.39%.  Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the  $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.>>Show me how I could profit from the metaverse!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 Sanofi (SNY): Free Stock Analysis Report Novartis AG (NVS): Free Stock Analysis Report Roche Holding AG (RHHBY): Free Stock Analysis Report Bolt Biotherapeutics, Inc. (BOLT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2022

Major Luxury Rental Community Proposed for Harrison, NY

Two family-owned real estate companies presented plans to the Harrison Planning Board on Wednesday to transform a shuttered hotel site into a residential mixed-use community. Renaissance Harrison is the proposed transformation of the 28 acre-former Renaissance Westchester Hotel site into a vibrant residential community, including retail and cultural venues available... The post Major Luxury Rental Community Proposed for Harrison, NY appeared first on Real Estate Weekly. Two family-owned real estate companies presented plans to the Harrison Planning Board on Wednesday to transform a shuttered hotel site into a residential mixed-use community. Renaissance Harrison is the proposed transformation of the 28 acre-former Renaissance Westchester Hotel site into a vibrant residential community, including retail and cultural venues available to the public. Sponsored by long-term friends and partners, Rose Equities and Garden Communities envision a connected and thriving Teardrop neighborhood in Harrison, with Renaissance Harrison as its crown jewel. Renaissance Harrison will add to the emerging “live work play” environment of the Teardrop, which is surrounded by I-287, the Hutchinson River Parkway, and I-684. “The proposed 28-acre community will be unlike any other development in Westchester. It will adhere to 21st-century standards of walking and biking, sustainability, and respect for the property’s outstanding natural landscape,” said Leonard Glickman, principal of Rose Equities, which is developing the community with Garden Communities, both multi-generational, family-owned real estate companies. The Harrison Planning Board unanimously voted to declare its intent to serve as the Lead Agency for the environmental review of the Renaissance Harrison site plan application, which is the first step in the Draft Environmental Impact Statement process as required by state law. If approved, Renaissance Harrison will be built in two phases and will consist of two residential quads—the North Quad and South Quad—two large gathering spaces to be known as the Commons and the Mansion, and two sets of triplex villas. Neither phase will exceed 380 units, with a mix of one-bedroom, two-bedroom and three-bedroom luxury apartment homes, many with terraces to enhance indoor-outdoor living, while creating a feeling of community. The architectural design will celebrate Westchester County’s classic Tudor and Arts & Crafts structures. Proposed luxury amenities include indoor and outdoor swimming pools, fitness centers, tennis courts, fire pits and an outdoor amphitheater. “Quality of life is our priority, and we are emphasizing this ideal with large living spaces. We envision amenities that will thrill the spirit and soothe the soul. Our idea is to deliver an unprecedented residential lifestyle that reflects the surrounding communities’ tastes and expectations,” said Scott Loventhal of Garden Communities. Rose Equities is a fully integrated development, management, and investment group. With a unique generational investment strategy, Rose Equities seeks to combine institutional-quality best practices with the cultural and reputation heritage of a traditional family office. Rose Equities, together with their long-term partner Garden Communities, have acquired, entitled, and are developing nearly 5,000 units of best-in-class sites in Orange and Los Angeles counties, California. Their joint venture continues on the East Coast with The Residences at Main, a 260-unit luxury apartment homecommunity, currently under construction in the Fairfield County town of Trumbull, Connecticut. Garden Communities owns and manages more than 50,000 apartments and more than 25 million square feet of retail, office and hotel space. Garden Communities, and its subsidiaries, offer home rentals in Arizona, California, Florida, New Jersey, New York and Connecticut. With a 70-year history, Garden Communities and Rose Equities expect to own Renaissance Harrison for multiple generations. The owner-builders intend to preserve and renovate a 1905 Normandy-style mansion on the property (commonly known simply as “The Mansion”) that was the former home of architect John Merven Carrere. His firm Carrere and Hastings was one of the nation’s leading Beaux-Arts proponents and its highest-profile project was the New York Public Library in Manhattan. The new community will be designed by nationally and locally prominent firms, including Perkins Eastman, Moore Ruble Yudell, Sasaki and Studio Valerius. Renaissance Harrison will be a boon to the area’s economy creating hundreds of construction and permanent jobs, generating approximately $30 million in annual tax revenue for the Town of Harrison and the Harrison Central School District. “Renaissance Harrison makes sense for the Teardrop neighborhood. In 2013, the Town of Harrison adopted an updated Master Plan that envisioned a mix of new uses in the Teardrop, including multi-family residential,” said Glickman. The post Major Luxury Rental Community Proposed for Harrison, NY appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklySep 17th, 2022

Meta staff hit out at Facebook owner"s "cheesy" hot desking plans, report says

Some said they would go to the office less often if the "new workplace experience" forcing them to share desks goes ahead, The Independent reported. Getty Images Meta told staff it plans to roll out a "new workplace experience", The Independent reported. Workers would need to share desks and book them in advance as part of a hot desking trial.  Some slammed the "cheesy" plans and accused managers of being "dishonest" in how they framed it. Meta employees have criticised the company's plans to introduce hot desking at its offices, The Independent reported. The Facebook and Instagram owner said it would trial a "new workplace experience" that makes staff book desks before they arrive at the office, according to the report. Meta employees objected to hot desking plans on its internal social network, per the report, with one calling them "cheesy". Other staff said it was "dishonest" to frame the plan as a "new experience". Hot desking is used by numerous big companies to save on office space and costs but means most workers do not have a permanent work station. "Can we just cut the bulls*** and call it cost-cutting," one Meta employee wrote, The Independent reported. "Nobody is buying this new experience c***."  Others said the announcement appeared to treat staff like children. Some staff said they would come into the office less often because they would have to book a desk and set it up, according to the report. One said the planned move showed management had a "complete and utter disconnect from reality"."I swear to god, taking something that's working, replacing it with a horrible, non-working alternative, and forcing everyone to move, is such a Meta thing," another employee wrote, according to the report. Other Meta employees pointed out other companies' use of hot desking and that it could be manageable once implemented, The Independent reported. Meta has already taken measures this year to cut costs. It told staff in May it was holding off on hiring due to "slower revenue growth than anticipated." The founder and chief executive, Mark Zuckerberg, then told staff in July he would be "turning up the heat" on performance goals to reduce the workforce and get rid of underperforming staff. Meta did not immediately respond to Insider's request for comment. Read the original article on Business Insider.....»»

Category: smallbizSource: nytSep 17th, 2022

Locals In North Dakota Oppose Massive Corn Mill Project By Chinese Company

Locals In North Dakota Oppose Massive Corn Mill Project By Chinese Company Authored by Allan Stein via The Epoch Times (emphasis ours), One by one, residents opposed to a corn mill investment by a Chinese company with reputed ties to the Chinese Communist Party (CCP) through its chairman, got up to chastise the mayor and city council of Grand Forks, North Dakota. “You guys are the scariest people I know. You are willing to endanger this city, the people, the country, and this nation,” said Dennis Kadlec, an outspoken critic of the project. A sign opposing a corn mill in Grand Forks, N.D., stands near 370 acres recently annexed by the city for the project. Many residents don't want the project in the city because the owner, Fufeng Group, has reputed ties to the Chinese Communist Party through its company chairman. (Allan Stein/The Epoch Times) He believes city officials have ignored residents’ concerns over the project and the flag they serve. “This is a republic. Please treat it as such,” Kadlec said. Jodi Carlson is lead organizer of the Concerned Citizens for Fufeng Project, a non-partisan grass roots group that opposes the increases presence of Chinese-owned businesses in Grand Forks, N.D. (Allan Stein/The Epoch Times) Kadlec’s accusations of inaction and secrecy on the part of city officials seemed to resonate with other concerned citizens at the city council meeting on Sept. 6. The group views the corn mill as a potential Chinese spying operation and a threat to the environment and municipal resources. Some residents see divisions over the project worsening in a close-knit agricultural community of 56,000, where sugar beets and wheat—not corn—are king. The city of Grand Forks is not a significant producer of corn, either, straddling the Minnesota border about 75 miles south of Canada, where winter temperatures can drop to well below zero. So the question arises: why would a Chinese company build a corn mill in Grand Forks when harvest volumes are so low? Critics who fear Chinese espionage say one needs to look no further than Grand Forks Air Force Base, about 12 miles away. The base stores and tests the military’s sensitive drone, satellite, and surveillance technology. However, city officials supporting the corn mill see the project as an economic opportunity too good to pass up. As the most significant single capital investment in the city’s history, it promises 230 permanent high-paying jobs, higher corn prices for regional growers, and other long-term benefits. Fufeng USA, the American subsidiary of Fufeng Group, wants to build on 370 acres it acquired that would add millions in sales and property tax revenues and improve city infrastructure. The “wet corn” mill would employ thousands of workers during construction and, in operation, extract ingredients used to produce animal feed products for sale in the domestic market. At least on paper, the project looks and sounds good. What doesn’t sit well with project opponents is the parent company, Fufeng Group, which is based in Shandong Province in China. The company has reputed links with the CCP through its chairman and controlling shareholder, Li Xuechun. Many residents opposed to the corn mill also feel the city has been translucent in moving the project along, voting to annex land without proper notice to business abutters to sell to Fufeng USA. Some residents have felt so neglected by the local powers that Jodi Carlson and several others recently formed the Concerned Citizens of Fufeng Project in Grand Forks. The public group has nearly 3,000 followers on Facebook and vehemently opposes the corn mill project. Group meetings have become “very contentious,” Carlson told The Epoch Times, “primarily because we’re just tired. The city council continues to say they’ve answered our questions and haven’t. We still have a lot of questions.” One question is what Fufeng USA plans to do with 250 acres not listed in the development plan, Carlson said. “We don’t know what’s going to happen with that. We think we have a right [to know], especially since it’s a foreign interest. We don’t think [the city council] vetted it properly. We have a lot of concerns.” Two U.S. Senators representing North Dakota have raised alarm bells over potential national security issues surrounding the Fufeng USA project amid building tensions between the United States and China over Taiwan. City officials reportedly vowed to stop the project should China invade Taiwan. Read more here... Tyler Durden Thu, 09/15/2022 - 19:00.....»»

Category: worldSource: nytSep 15th, 2022

Top 10 Stock Picks of John Hempton’s Bronte Capital

In this article, we discuss the top 10 stock picks of John Hempton’s Bronte Capital. If you want to skip our detailed analysis of Hempton’s history, investment philosophy, and hedge fund performance, go directly to Top 5 Stock Picks of John Hempton’s Bronte Capital. John Hempton and Simon Maher established the Australia-based global long/short fund […] In this article, we discuss the top 10 stock picks of John Hempton’s Bronte Capital. If you want to skip our detailed analysis of Hempton’s history, investment philosophy, and hedge fund performance, go directly to Top 5 Stock Picks of John Hempton’s Bronte Capital. John Hempton and Simon Maher established the Australia-based global long/short fund Bronte Capital in 2009. Hempton is the co-founder, chief investment officer, and co-owner of the hedge fund. He has been involved with the financial markets since 1999. Hempton was Platinum Asset Management’s youngest partner and the head of finances. He launched Bronte following the Platinum listing in 2007. Maverick investor Hempton takes delight in his eccentricity and enjoys hunting for business scams so he may short-sell the companies’ stock. Bronte Capital is managed by a performance-driven firm with a distinctive approach and portfolio. The fund’s goals include reducing the risk of permanent capital loss and offering global diversification without the drawdown and market risks common to long-only funds. Bronte conducts “top down” macro analysis and regular portfolio concentration reviews to reduce risk. In addition, Bronte utilizes derivatives, ETFs, and other assets to increase returns and protect capital. Photo by Austin Distel on Unsplash For the year ending March 31, 2021, Bronte’s Australian “Amalthea” fund had a negative 24.3% return in Australian dollars. It lagged behind its benchmark, the MSCI World Index (in AUD), by 48.2%. Bronte’s Cayman “Callisto” fund had a return of negative 7.5% in US dollars for the 12-month period ending March 31, which also underperformed the MSCI World Index (in USD) by a margin of 62.1%. Bronte Capital’s Q2 2022 portfolio declined to $872.51 million from $1.19 billion in Q1 2022. The fund’s top 10 holdings, which include investments mainly in the healthcare, financial, and communications sectors, accounted for 72.8% of the total portfolio. In the second quarter of 2022, John Hempton’s Bronte Capital reorganized its holdings and reduced its interests in 9 securities while completely removing 1 stock. On the other hand, the hedge fund made additional purchases in 20 equities and added 2 new stocks to its portfolio. Some of Hempton’s favorite stocks include Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:META), and Berkshire Hathaway Inc. (NYSE:BRK-A). Our Methodology  With this industry outlook in mind, let’s start our list of top 10 stock picks of John Hempton’s Bronte Capital. For this research, we analyzed Hempton’s Q2 2022 portfolio, focusing on the top 10 investments made by his hedge fund, Bronte Capital. Top Stock Picks of John Hempton’s Bronte Capital 10. Philip Morris International Inc. (NYSE:PM) Bronte Capital’s Stake Value: $20,186,000   Percentage of Bronte Capital’s 13F Portfolio: 2.31%   Number of Hedge Fund Holders: 56 Philip Morris International Inc. (NYSE:PM) owns and manages the manufacturing and distribution of Marlboro and several other brands. Philip Morris International Inc. (NYSE:PM) is the sole owner of the top 15 global cigarette brands. The firm is betting its future on new products and has invested heavily in the development of its heated tobacco product, iQOS. Since it accounts for more than 10% of the overall volume of the corporation, it is becoming more significant for Philip Morris International Inc. (NYSE:PM). According to Insider Monkey’s data, 56 hedge funds were long Philip Morris International Inc. (NYSE:PM) at the end of June 2022, compared to 55 funds in the last quarter. Rajiv Jain’s GQG Partners is the biggest shareholder of Philip Morris International Inc. (NYSE:PM), with 30.44 million shares worth about $3.01 billion. On July 19, Jefferies analyst Owen Bennett maintained a ‘Hold’ rating on Philip Morris International Inc. (NYSE:PM) while lowering his price objective to $99 from $107. John Hempton’s Bronte Capital held 204,440 shares of Philip Morris International Inc. (NYSE:PM) in the second quarter of 2022, worth $20.19 million. Like Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:META), and Berkshire Hathaway Inc. (NYSE:BRK-A), Philip Morris International Inc. (NYSE:PM) is one of the top stock picks of John Hempton’s Bronte Capital. In its Q2 2022 investor letter, First Eagle Investments Global Fund mentioned Philip Morris International Inc. (NYSE:PM) and explained its insights into the company. Here is what the fund said: “Philip Morris shares benefited from the market rotation into defensive areas of the market. The company continued to make progress in its transition to next-generation, non-combustible products and during the quarter entered into an agreement to acquire Swedish Match, which is a Stockholm-based maker of Zyn oral nicotine pouches.” 9. Pinterest, Inc. (NYSE:PINS) Bronte Capital’s Stake Value: $26,299,000   Percentage of Bronte Capital’s 13F Portfolio: 3.01%   Number of Hedge Fund Holders: 41 Pinterest, Inc. (NYSE:PINS) manages a photo-sharing website with a pinboard-like user interface. The firm had worldwide average revenue per user (ARPU) growth of 17% in the June quarter, despite a drop of 21 million MAU from the prior-year quarter. The business also has $2.65 billion in cash, cash equivalents, and marketable securities. In the second quarter of 2022, John Hempton’s hedge fund owned 1.45 million shares of Pinterest, Inc. (NYSE:PINS), worth about $26.30 million, representing 3.01% of the total 13F portfolio. The hedge fund increased its stake in Pinterest, Inc. (NYSE:PINS) by 9% in the second quarter of 2022. On September 7, Deepak Mathivanan at Wolfe Research raised Pinterest, Inc. (NYSE:PINS) from ‘Peer Perform’ to ‘Outperform’ with a $28 price objective. In the long run, the analyst thought the firm had a sizable runway for user growth and monetization. According to Insider Monkey’s data, Pinterest, Inc. (NYSE:PINS) was part of 41 hedge fund portfolios at the end of the second quarter of 2022, down from 56 funds in the prior quarter. Harris Associates, with approximately 29.75 million shares worth $540.30 million, is the largest shareholder of Pinterest, Inc. (NYSE:PINS) as of Q2. Harding Loevner mentioned Pinterest, Inc. (NYSE:PINS) in its Q1 2022 investor letter. Here is what the fund said: “Other detractors within Communication Services included Pinterest (NYSE:PINS), which is finding it hard to sustain the extremely rapid growth they enjoyed over the past two years of pandemic lockdown and social distancing.” 8. Activision Blizzard, Inc. (NASDAQ:ATVI) Bronte Capital’s Stake Value: $31,985,000   Percentage of Bronte Capital’s 13F Portfolio: 3.66%   Number of Hedge Fund Holders: 84 Activision Blizzard, Inc. (NASDAQ:ATVI) is a holding company for video games with its main office in Santa Monica, California. On August 4, analyst Benjamin Soff at Deutsche Bank cut his price objective on Activision Blizzard, Inc. (NASDAQ:ATVI) from $95 to $84 while maintaining a ‘Hold’ rating on the stock. The analyst provided a reasonable assessment of the likelihood that Microsoft Corporation (NASDAQ:MSFT)’s proposed acquisition of Activision would receive regulatory clearance. In the second quarter of 2022, John Hempton’s Bronte Capital portfolio held 410,805 shares of Activision Blizzard, Inc. (NASDAQ:ATVI), worth about $31.99 million, representing 3.66% of the total 13F securities. Bronte Capital’s stake in Activision Blizzard, Inc. (NASDAQ:ATVI) increased by 1% in the second quarter of 2022. As per Insider Monkey’s data, 84 hedge funds were bullish on Activision Blizzard, Inc. (NASDAQ:ATVI) at the end of the second quarter of 2022, up from 80 funds in the earlier quarter. Warren Buffett’s Berkshire Hathaway is the largest shareholder of Activision Blizzard, Inc. (NASDAQ:ATVI), with more than 68.40 million shares worth $5.33 billion. 7. Corteva, Inc. (NYSE:CTVA) Bronte Capital’s Stake Value: $48,737,000 Percentage of Bronte Capital’s 13F Portfolio: 5.58% Number of Hedge Fund Holders: 42 Corteva, Inc. (NYSE:CTVA) operates in the agricultural industry. After Corteva, Inc. (NYSE:CTVA)’s Q2 results beat market consensus, RBC Capital analyst Arun Viswanathan increased his price objective on the stock to $72 from $67 and reiterated an ‘Outperform’ rating on August 9. In addition, the analyst anticipated that despite rising inflationary costs, Corteva, Inc. (NYSE:CTVA)’s demand would remain strong during FY22. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is one of the leading shareholders of Corteva, Inc. (NYSE:CTVA), with 2.61 million shares worth $141.38 million. Securities filings for the second quarter of 2022 revealed that John Hempton’s Bronte Capital owned 900,196 shares of Corteva, Inc. (NYSE:CTVA), worth $48.74 million, representing 5.58% of the total portfolio. Fund managers added to their Corteva, Inc. (NYSE:CTVA) holdings in the second quarter. Among the hedge funds tracked by Insider Monkey, 42 funds were bullish on Corteva, Inc. (NYSE:CTVA) at the end of the second quarter of 2022, up from 39 in the prior quarter. In its Q1 2022 investor letter, Aristotle Capital Management mentioned Corteva, Inc. (NYSE:CTVA). Here is what the fund said: “Corteva Agriscience, one of the world’s largest seed and crop protection companies, was a primary contributor for the quarter. Due to its respected brand and the value-added benefits of its patented seeds and crop protection solutions for farmers, Corteva has been able to more than offset input cost inflation with sustainable price increases. In addition, the company’s ongoing mix shift to higher-margin, premium products, a catalyst we previously identified, is aiding both sales and profit growth. Shares were likely also buoyed by the rise in crop prices. Market participants, perhaps eager to chase short-term trends, poured into the sector. At Aristotle Capital, we look past such gyrations and, as long-term investors, do not attempt to predict short-term changes in commodity prices. We remain excited about what we view to be high-quality characteristics and fundamental improvements that permeate Corteva’s business, not the least of which include its pricing power.” 6. Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bronte Capital’s Stake Value: $48,867,000   Percentage of Bronte Capital’s 13F Portfolio: 5.6%   Number of Hedge Fund Holders: 41 Interactive Brokers Group, Inc. (NASDAQ:IBKR) manages the global automated electronic broker activities. In the month of August, daily average revenue trades, or DARTs, for Interactive Brokers Group, Inc. (NASDAQ:IBKR) came in at 1.968 million, down 9% Y/Y but up 8% M/M. On August 31, Barclays analyst Benjamin Budish initiated coverage of Interactive Brokers Group, Inc. (NASDAQ:IBKR) with an ‘Overweight’ rating and a $77 price target. According to Insider Monkey’s data, 41 hedge funds were bullish on Interactive Brokers Group, Inc. (NASDAQ:IBKR) at the end of June 2022, up from 40 funds in the last quarter. Bronte Capital elevated its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14% in Q2 2022. The hedge fund owned 888,328 Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares in the second quarter of 2022, worth $48.87 million, representing 5.6% of the total 13F portfolio. Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:META), and Berkshire Hathaway Inc. (NYSE:BRK-A) are some of the well-known firms in the portfolio of John Hempton’s Bronte Capital. Interactive Brokers Group, Inc. (NASDAQ:IBKR) is another name on the same list. Here is what TGV Partners Fund has to say about Interactive Brokers Group, Inc. (NASDAQ:IBKR) in its Q4 2021 investor letter: “Interactive Brokers has had a very good year operationally. In the Corona year 2020, Interactive Brokers was swamped with customers like most other online brokers. Due to the lockdown from March that year, the number of customers in 2020 increased by over + 50 %. Most market observers expected this influx of customers to calm down after the lockdowns in 2020 and return to a more normal growth path. With around 1.67 million customers, Interactive Brokers now had 56 % more customers by the end of the year than the previous year, and there was little sign of a decline in customer influx even up to December 2021. Since the business model is a very fixed-cost business in the form of a software platform and every new customer is incrementally very valuable, this is fantastic news.”       Click to continue reading and see Top 5 Stock Picks of John Hempton’s Bronte Capital.   Suggested articles: Top 10 Stock Picks of Billionaire Daniel Sundheim’s D1 Capital Partners Top 10 Stock Picks of Teresa Barger’s Cartica Management Michael Hintze’s 2022 Portfolio : Top 10 Stock Picks   Disclosure: None. Top 10 Stock Picks of John Hempton’s Bronte Capital is originally published on Insider Monkey......»»

Category: topSource: insidermonkeySep 15th, 2022

St. Louis region losing $28K in interest on Rams settlement money every day, board member says

The St. Louis region is losing out on as much as $28,000 a day the longer a settlement from Rams owner Stan Kroenke sits in a low-interest bearing account, and a member of the Regional Convention and Sports Complex Authority board says city and county leaders have not agreed to move ahead with a plan to stop it. The 11-member board met Wednesday and voted unanimously to seek a request for proposal (RFP) on how to move about $513 million into a high-interest bearing account. Right now, the money….....»»

Category: topSource: bizjournalsSep 15th, 2022

Whitehead: All The Ways In Which Our Rights Have Been Usurped

Whitehead: All The Ways In Which Our Rights Have Been Usurped Authored by John and Nisha Whitehead via The Rutherford Institute, “We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” - Abraham Lincoln It’s easy to become discouraged about the state of our nation. We’re drowning under the weight of too much debt, too many wars, too much power in the hands of a centralized government, too many militarized police, too many laws, too many lobbyists, and generally too much bad news. It’s harder to believe that change is possible, that the system can be reformed, that politicians can be principled, that courts can be just, that good can overcome evil, and that freedom will prevail. So where does that leave us? Benjamin Franklin provided the answer. As the delegates to the Constitutional Convention trudged out of Independence Hall on September 17, 1787, an anxious woman in the crowd waiting at the entrance inquired of Franklin, “Well, Doctor, what have we got, a republic or a monarchy?” “A republic,” Franklin replied, “if you can keep it.” What Franklin meant, of course, is that when all is said and done, we get the government we deserve. Those who gave us the Constitution and the Bill of Rights believed that the government exists at the behest of its citizens. It is there to protect, defend and even enhance our freedoms, not violate them. Unfortunately, although the Bill of Rights was adopted as a means of protecting the people against government tyranny, in America today, the government does whatever it wants, freedom be damned. “We the people” have been terrorized, traumatized, and tricked into a semi-permanent state of compliance by a government that cares nothing for our lives or our liberties. The bogeyman’s names and faces have changed over time (terrorism, the war on drugs, illegal immigration, a viral pandemic, and more to come), but the end result remains the same: in the so-called name of national security, the Constitution has been steadily chipped away at, undermined, eroded, whittled down, and generally discarded with the support of Congress, the White House, and the courts. A recitation of the Bill of Rights—set against a backdrop of government surveillance, militarized police, SWAT team raids, asset forfeiture, eminent domain, overcriminalization, armed surveillance drones, whole body scanners, stop and frisk searches, vaccine mandates, lockdowns, and the like (all sanctioned by Congress, the White House, and the courts)—would understandably sound more like a eulogy to freedoms lost than an affirmation of rights we truly possess. What we are left with today is but a shadow of the robust document adopted more than two centuries ago. Sadly, most of the damage has been inflicted upon the Bill of Rights. Here is what it means to live under the Constitution, twenty-plus years after 9/11 and with the nation just emerging from two years of COVID-19 lockdowns and mandates. The First Amendment is supposed to protect the freedom to speak your mind, assemble and protest nonviolently without being bridled by the government. It also protects the freedom of the media, as well as the right to worship and pray without interference. In other words, Americans should not be silenced by the government. To the founders, all of America was a free speech zone. Despite the clear protections found in the First Amendment, the freedoms described therein are under constant assault. Increasingly, Americans are being persecuted for exercising their First Amendment rights and speaking out against government corruption. Activists are being arrested and charged for daring to film police officers engaged in harassment or abusive practices. Journalists are being prosecuted for reporting on whistleblowers. States are passing legislation to muzzle reporting on cruel and abusive corporate practices. Religious ministries are being fined for attempting to feed and house the homeless. Protesters are being tear-gassed, beaten, arrested and forced into “free speech zones.” And under the guise of “government speech,” the courts have reasoned that the government can discriminate freely against any First Amendment activity that takes place within a so-called government forum. The Second Amendment was intended to guarantee “the right of the people to keep and bear arms.” Essentially, this amendment was intended to give the citizenry the means to resist tyrannical government. Yet while gun ownership has been recognized by the U.S. Supreme Court as an individual citizen right, Americans remain powerless to defend themselves against red flag gun laws, militarized police, SWAT team raids, and government agencies armed to the teeth with military weapons better suited to the battlefield. The Third Amendment reinforces the principle that civilian-elected officials are superior to the military by prohibiting the military from entering any citizen’s home without “the consent of the owner.” With the police increasingly training like the military, acting like the military, and posing as military forces—complete with heavily armed SWAT teams, military weapons, assault vehicles, etc.—it is clear that we now have what the founders feared most—a standing army on American soil. The Fourth Amendment prohibits government agents from conducting surveillance on you or touching you or encroaching on your private property unless they have evidence that you’re up to something criminal. In other words, the Fourth Amendment ensures privacy and bodily integrity. Unfortunately, the Fourth Amendment has suffered the greatest damage in recent years and has been all but eviscerated by an unwarranted expansion of governmental police powers that include strip searches and even anal and vaginal searches of citizens, surveillance (corporate and otherwise), and intrusions justified in the name of fighting terrorism, as well as the outsourcing of otherwise illegal activities to private contractors. The Fifth Amendment and the Sixth Amendment work in tandem. These amendments supposedly ensure that you are innocent until proven guilty, and government authorities cannot deprive you of your life, your liberty or your property without the right to an attorney and a fair trial before a civilian judge. However, in the new suspect society in which we live, where surveillance is the norm, these fundamental principles have been upended. Certainly, if the government can arbitrarily freeze, seize or lay claim to your property (money, land or possessions) under government asset forfeiture schemes, you have no true rights. The Seventh Amendment guarantees citizens the right to a jury trial. Yet when the populace has no idea of what’s in the Constitution—civic education has virtually disappeared from most school curriculums—that inevitably translates to an ignorant jury incapable of distinguishing justice and the law from their own preconceived notions and fears. However, as a growing number of citizens are coming to realize, the power of the jury to nullify the government’s actions—and thereby help balance the scales of justice—is not to be underestimated. Jury nullification reminds the government that “we the people” retain the power to ultimately determine what laws are just. The Eighth Amendment is similar to the Sixth in that it is supposed to protect the rights of the accused and forbid the use of cruel and unusual punishment. However, the Supreme Court’s determination that what constitutes “cruel and unusual” should be dependent on the “evolving standards of decency that mark the progress of a maturing society” leaves us with little protection in the face of a society lacking in morals altogether. The Ninth Amendment provides that other rights not enumerated in the Constitution are nonetheless retained by the people. Popular sovereignty—the belief that the power to govern flows upward from the people rather than downward from the rulers—is clearly evident in this amendment. However, it has since been turned on its head by a centralized federal government that sees itself as supreme and which continues to pass more and more laws that restrict our freedoms under the pretext that it has an “important government interest” in doing so. As for the Tenth Amendment’s reminder that the people and the states retain every authority that is not otherwise mentioned in the Constitution, that assurance of a system of government in which power is divided among local, state and national entities has long since been rendered moot by the centralized Washington, DC, power elite—the president, Congress and the courts. Thus, if there is any sense to be made from this recitation of freedoms lost, it is simply this: our individual freedoms have been eviscerated so that the government’s powers could be expanded. It was no idle happenstance that the Constitution opens with these three powerful words: “We the people.” As the Preamble proclaims: We, the people of the United States, in order to form a more perfect Union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this CONSTITUTION for the United States of America. In other words, it’s our job to make the government play by the rules of the Constitution. We are supposed to be the masters and they—the government and its agents—are the servants. We the American people—the citizenry—are supposed to be the arbiters and ultimate guardians of America’s welfare, defense, liberty, laws and prosperity. Still, it’s hard to be a good citizen if you don’t know anything about your rights or how the government is supposed to operate. As the National Review rightly asks, “How can Americans possibly make intelligent and informed political choices if they don’t understand the fundamental structure of their government? American citizens have the right to self-government, but it seems that we increasingly lack the capacity for it.” Americans are constitutionally illiterate. Most citizens have little, if any, knowledge about their basic rights. And our educational system does a poor job of teaching the basic freedoms guaranteed in the Constitution and the Bill of Rights. For instance, a survey by the Annenberg Public Policy Center found that a little more than one-third of respondents (36 percent) could name all three branches of the U.S. government, while another one-third (35 percent) could not name a single one. A survey by the McCormick Tribune Freedom Museum found that only one out of a thousand adults could identify the five rights protected by the First Amendment. On the other hand, more than half (52%) of the respondents could name at least two of the characters in the animated Simpsons television family, and 20% could name all five. And although half could name none of the freedoms in the First Amendment, a majority (54%) could name at least one of the three judges on the TV program American Idol, 41% could name two and one-fourth could name all three. It gets worse. Many who responded to the survey had a strange conception of what was in the First Amendment. For example, a startling number of respondents believed that the “right to own a pet” and the “right to drive a car” were part of the First Amendment. Another 38% believed that “taking the Fifth” was part of the First Amendment. Teachers and school administrators do not fare much better. A study conducted by the Center for Survey Research and Analysis found that one educator in five was unable to name any of the freedoms in the First Amendment. Government leaders and politicians are also ill-informed. Although they take an oath to uphold, support and defend the Constitution against “enemies foreign and domestic,” their lack of education about our fundamental rights often causes them to be enemies of the Bill of Rights. So what’s the solution? Thomas Jefferson recognized that a citizenry educated on “their rights, interests, and duties”  is the only real assurance that freedom will survive. As Jefferson wrote in 1820: “I know no safe depository of the ultimate powers of our 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 their discretion by education. This is the true corrective of abuses of constitutional power.” From the President on down, anyone taking public office should have a working knowledge of the Constitution and the Bill of Rights and should be held accountable for upholding their precepts. One way to ensure this would be to require government leaders to take a course on the Constitution and pass a thorough examination thereof before being allowed to take office. Some critics are advocating that students pass the United States citizenship exam in order to graduate from high school. Others recommend that it must be a prerequisite for attending college. I’d go so far as to argue that students should have to pass the citizenship exam before graduating from grade school. Here’s an idea to get educated and take a stand for freedom: anyone who signs up to become a member of The Rutherford Institute gets a wallet-sized Bill of Rights card and a Know Your Rights card. Use this card to teach your children the freedoms found in the Bill of Rights. A healthy, representative government is hard work. It takes a citizenry that is informed about the issues, educated about how the government operates, and willing to do more than grouse and complain. As I point out in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, “we the people” have the power to make and break the government. The powers-that-be want us to remain divided over politics, hostile to those with whom we disagree politically, and intolerant of anyone or anything whose solutions to what ails this country differ from our own. They also want us to believe that our job as citizens begins and ends on Election Day. Yet there are 330 million of us in this country. Imagine what we could accomplish if we actually worked together, presented a united front, and spoke with one voice. Tyranny wouldn't stand a chance. Tyler Durden Wed, 09/14/2022 - 23:40.....»»

Category: worldSource: nytSep 15th, 2022

Merrell opening store at Twin Cities Premium Outlets in Eagan, months after closure at MOA

Outdoor footwear and apparel retailer Merrell is joining Twin Cities Premium Outlets in Eagan, its sole location in Minnesota following the closure of its Mall of America store earlier this year. Merrell is expected to open between Samsonite and Fossil in late October, according to a Tuesday announcement from the outlet mall's owner, Simon Property Group (NYSE: SPG). Women's footwear brand Aerosoles last occupied the space, a Twin Cities Premium Outlets spokesperson said. "We continually strive….....»»

Category: topSource: bizjournalsSep 14th, 2022

Cineworld"s deputy CEO regrets it wasn"t a meme stock like AMC as the chain files for bankruptcy: "We were never so lucky!"

Cineworld's deputy CEO said having fans like its US rival AMC would have helped the movie chain as the owner of Regal Cinemas filed for Chapter 11. Cineworld filed for bankruptcy over a $5 billion debt.Amanda Krause/Insider Cineworld's deputy CEO wished the movie chain had become a meme stock like rival AMC. The UK movie chain, which owns Regal Cinemas in the US, filed for Chapter 11 bankruptcy Wednesday. The chain, carrying $5 billion in debt, would have welcomed meme-stock liquidity, the executive said. Cineworld was unlucky not to become a meme stock like its rival AMC Entertainment, according to a top executive at the world's second-biggest movie chain operator.The UK-based company, which owns Regal Cinemas in the US, filed for Chapter 11 bankruptcy on Wednesday after becoming weighed down with $5 billion in debt. Like other cinema operators, Cineworld has been hit by enforced closures during the COVID-19 pandemic, fewer top-flight theatrical releases, and more competition from streaming services.But it has struggled to shore up its finances, unlike AMC, which has managed to raise over $2 billion via sales of new "APE" preferred stock to its army of retail investors, according to a report in The Wall Street Journal.Cineworld's deputy chief executive, Israel Greidinger, sounded regretful about his company's lack of a similar "meme stock" fanbase in a declaration accompanying the bankruptcy protection filing."While Cineworld would, of course, have welcomed the liquidity of becoming a 'meme stock' like AMC, we were never so lucky!" he said.The chain confirmed in August that it was considering filing for Chapter 11 protection, which enables companies to continue operations while they work out a plan to pay back creditors. In its filing Wednesday, it said it was looking at restructuring its UK, US and Jersey business, and to cut debt. "The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and huge disruption to film schedules that has led us to this point," Cineworld CEO Mooky Greidinger said in the filing. The meme stock movement sees non-professional investors talk up their favorite stocks in online forums like Reddit's r/wallstreetbets. The practice gained mainstream popularity about 18 months ago as retail investors successfully sent shares of GameStop (GME) to astronomical levels.The movement lost momentum as stocks sold off in the first half of 2022, but powered up again in early August after Bed Bath & Beyond (BBBY)'s stock caught fire. Much of that revival has since disappeared. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 8th, 2022

Pennsylvania Abruptly Changes Voter Registration Form, Combines With Mail-In Ballot Application

Pennsylvania Abruptly Changes Voter Registration Form, Combines With Mail-In Ballot Application Authored by Beth Brelje via The Epoch Times (emphasis ours), In the middle of the election cycle, the Pennsylvania Department of State has suddenly changed its voter registration application form to include a mail-in ballot application. A portion of the newly combined Pennsylvania voter registration application and mail-in ballot request form introduced just 11 weeks before the Nov. 8 midterm elections. (Pennsylvania Department of State) The applications used to be on separate forms, but this seemingly small clerical change is creating logistical headaches for county election directors and causing voter confusion. Registering to vote and seeking a mail-in ballot are two different actions requiring different responses in the county election offices. “We use the voter registration application for one thing, we use a mail-in ballot application for something different,” Christa Miller, Lancaster County’s election director, told The Epoch Times. “One has to be done before the other. Obviously, you have to be a voter in order to get a detailed ballot, so that has to be processed first. And then your mail-in ballot application can be processed. We also file them all completely different.” All voter registration applications are filed together, and mail-in ballot applications are filed separately. That is because, as per state law, county election offices must mail an application each year to everyone who asked to be on the permanent mail-in ballot list. “In February, we have to send them an application for that calendar year,” Miller said. Then the voter must send it back, confirming they want to participate in mail-in voting for the year. The office files the mail-in applications alphabetically. Procedure Changed in Middle of Election Cycle Between the May primary and the November general election, the county elections office fields a lot of calls from voters who want to verify they checked the mail-in ballot box or to check the address where the ballot will be sent. Instead of going though something like 400,000 voter registration forms, it’s easier to go through 30,000 specific mail-in ballot forms. The Department of State combined the documents and implemented the new form on Aug. 19, which was 13 weeks after the primary and just 11 weeks before the general election. Now the county is processing the first half of the form—getting a person registered to vote—and then making a copy of the form to process the mail-in ballot portion and file that copy separately. Voters have questions about the new form, too, Miller said. They are not sure if they are registering to vote or registering for mail-in voting, so it has taken some education. “As election officials, we asked [the state] to wait until December. This is going to take voter education and explaining how the new form works,” Miller said. “There’s a big election coming up in November. I think everybody in Pennsylvania knows that. And all we wanted to do was wait until December to let us keep our offices going the way that they’re going. Not having to teach our staff new ways of doing things, and voters new ways of doing things. You know, keep things the same at least through November.” Jonathan Marks, deputy secretary at the Pennsylvania Department of State, told The Philadelphia Inquirer the goal of the change is to simplify the process, so voters don’t have to fill out two forms. Read more here... Tyler Durden Tue, 08/30/2022 - 19:25.....»»

Category: personnelSource: nytAug 30th, 2022

33 actually useful gifts for your coworkers under $50, from personalized mugs to coffee-related treats

We rounded up a master list of the best gift ideas for coworkers that they'll actually like — and all under $50. When you buy through our links, Insider may earn an affiliate commission. Learn more.Uncommon Goods; BagguSo often, coworker gifts are little more than clearance bin candles, nearly expired candy, and other items you could probably pick up at your local drugstore. Finding the right gift for your coworkers isn't easy as you search for something both personal and professional. And if you're in a completely remote job, you may be getting a gift for someone you have never even met in person. Every team and every work environment is different, but these no-brainer gifts can work for any occasion. Whether you need a gift for a holiday gift exchange, a colleague's birthday, or a promotion celebration, we've got you covered with 34 gifts your coworkers will actually be excited to receive. From cozy slippers that make working from home a lot more comfortable to desk accessories that'll brighten up their workspace, keep scrolling to find our favorite gifts — all under $50 — to give your coworker. The 33 best gifts under $50 for your coworkers:A cute personalized mugUncommon GoodsPersonalized Hobby Mugs, available at Uncommon Goods, from $32The foundation of a productive work day for most of us is a cup of something energizing — be it tea, coffee, or, for the best of us, some pristine spring water. We love these mugs from Uncommon Goods — they're personalized, relatively inexpensive, and something they'll use every single day. If you're in charge of all the corporate gifts this year, you can also make a group corporate order with your company logo.A mini succulent in a sleek planterLula's GardenBliss Garden, available at Lula's Garden, $30If your desk-mate doesn't already have a plant, rest assured they would probably like one (fine print: if it requires next to no caregiving). According to science, it may make your coworker happier just to see the plants every day.A remarkably strong cup of coffeeAmazonDeath Wish Coffee, available at Amazon, $19.43For the coworker who needs coffee like most people need air, there's Death Wish Coffee — which claims to be the world's strongest coffee.Brownies that give backUncommon GoodsBenevolent Brownies, available at Uncommon Goods, $35These sweets are some of the best gifts on the list — simple, delicious, and more special than they look at first glance. Not only are these the exact, delicious brownies Ben & Jerry's uses in its ice cream, but they're made at a B Corp that practices inclusive hiring and connects its employees with resources such as child care, community gardens, and sustainability programs. A portable four-liter mini fridgeAmazonFrigidaire Mini Fridge, available at Amazon, $26.99This mini-fridge is a lifesaver for coworkers whose food or drinks are always being taken in the office. It can store up to six 12-ounce sodas and can switch between cold and warm temperatures.A hand-selected Greetabl giftGreetablPersonalized Photo Box Gifts, available at Greetabl, from $19Select the box your gift comes in — like a "you rock" print — and then the gift. Options range from sea salt chocolates and mugs to bath bombs and photo stands.Comfortable slippers if they ever work from homeEverlaneReNew Slippers, available at Everlane, $19If you're lucky enough to work from home, your giftee might appreciate some of our favorite slippers to wear around their home office. They're relatively affordable, and the interior doesn't get all sweaty like some other shearling slippers. A cute candle for your work wife or husbandEtsyFun Candles, available at Etsy, from $12.25Etsy is a great place to shop for unique, handmade gifts — including this candle that shows your best friend at work how much you appreciate them.A mini humidifier with color-changing lightsAmazonURPOWER Essential Oil Diffuser, available at Amazon, $14.99This essential oil diffuser is the perfect trick to get rid of the stuffiness and feeling confined at an office desk. This small humidifier adds moist air while the auto-color-changing LED lights soothe and enliven the space.  A work-from-home kit filled with games and useful itemsUncommon GoodsWork from Home Survival Kit, available at Uncommon Goods, $20This fun kit makes working from a home a bit more bearable and less lonely. From the conference card bingo cards to the desk yoga guide, it brings remote coworkers together even if they're miles apart.A really nice bottle of olive oilBrightlandAlive Olive Oil, available at Brightland, $37If they like to cook, they probably already know the merits of high-quality olive oil. A drizzle of olive oil from Brightland adds a vibrant, zesty flavor to any dish. Plus, the bottle is designed to be left out on display in their kitchen. Fun kitchen towels that rate wines by how well they pair with certain foodsUncommon GoodsWine Pairing Towel Set, available at Uncommon Goods, $28If you've got a wine lover on the team, grab these fun wine pairing towels and a bottle to go with them. They're thoughtful, informal, and unique.A candle that smells like their favorite stateAmazonHomesick Candles, available at Uncommon Goods, starting at $34Homesick candles are a great gift for pretty much anyone in your life. They're a nice acknowledgment of something important to someone else that you're likely to know regardless of intimacy level. Plus, with a candle, your colleague will get to enjoy it for weeks to come.A three-month subscription of freshly roasted whole bean, single-origin coffeesDriftaway FacebookDriftaway Coffee Subscription, Three Months, available at Driftaway Coffee, from $54If they're practically tethered to the coffee pot, they'll probably love the thoughtfulness of a three-month subscription to this cool Brooklyn startup's beans. Driftaway sends freshly roasted, whole bean, single-origin coffees from around the world to their doorstep.A three-month subscription to the book club that put "Gone with the Wind" on the mapBook of the MonthBook of the Month, available at Book of the Month, from $12.50/monthIf your team includes a bookworm, they'll appreciate a gift subscription to Book of the Month. A team of experts and celebrity guest judges curate must-read books — usually new releases, hot topics, and debut authors — and a subscriber can pick one out of five selections a month (or skip a month if they want).If your coworker is more into audiobooks, check out a gift subscription to Scribd (full review here).A cold brew coffee bottleAmazonHario Cold Brew Coffee Bottle, available at Amazon and Food52, from $24.95Whether they're working from home or heading to the office every morning, this cold brew carafe is the perfect gift for helping them get their caffeine fix every day. It's so easy to use — all they have to do is mix coffee grounds and water, let it sit for eight hours, and they'll have five cups of delicious, rich brew to sip on.A charging stand for their desk to keep things organizedAmazonAnker Wireless Charger, available at Walmart, $19.99Help your coworker keep their cluttered wires under control with this wireless charger, which can charge through most protective phone cases. A miniature golf course they can escape to from the comfort of their deskAmazonBe Good Company Executive Mini Sandbox, available at Amazon, $29.32Know a coworker who'd rather be at the golf course, or who might appreciate the adult equivalent of doodling in class? Say no more.A water bottle that keeps cold drinks cold for 24 hours and hot drinks hot for 6 hoursHydro FlaskHydro Flask Stainless Steel Travel Coffee Flask, available at Hydro Flask, $29.95It's often the most practical coworker gifts that make the best and longest impression, and this is one stellar candidate. The Hydro Flask is double-wall vacuum insulated and will keep their cold drinks cold for up to 24 hours, with hot drinks staying hot for up to six. We're big fans of the line.A sleeve to keep their laptop safeAmazonIncase Neoprene Classic Sleeve, available at Amazon, $23.99For those who haphazardly throw their laptop into their bag at the end of the day, give them a practical protective case. Incase has a range of colors and size options for most laptops.Desk cable clips that keep cords neat and organizedNeweggShintop 6-Piece Cable Clips Set, available at Newegg, $4.66Pair a few of these cable clips with a nice card and some candy for a low-key, well-rounded gift that's fun and practical.An extra-long charging cable for never-ending convenienceAmazon6 ft Charging Cable, 3-Pack, available at Amazon, $8.48It's something every one of us will feel grateful for a couple of times per day, but always put off buying for ourselves: a serpentine, six-foot-long charging cable.A cooling ice roller to de-stress and de-puffAmazonEsarora Ice Roller, available at Amazon, $18.99After a long day staring at their computer screen, this ice roller provides cooling relief. It's also the perfect way to perk up on early mornings and a great gift for your skincare-loving work bestie.  A notebook they can wipe clean and reuseAmazonRocketbook Fusion Smart Notebook, available at Staples, $29.60The Rocketbook notebook is full of 21 reusable pages that wipe clean with a damp cloth when the owner uses a Pilot FriXion pen (included), so they can keep using the same notebook indefinitely. They can also send hand-written notes to Google Drive, Dropbox, iCloud, email, and more. A glass Chemex that makes full-flavored coffee every timeWilliams-SonomaStainless-Steel French Press, available at Williams-Sonoma, from $39.95Grab a glass Chemex from Williams-Sonoma that will deliver flavorful, sediment-free coffee routinely. The glass is heat-resistant, and the wood and leather collar serves as an insulated handle. A to-go sriracha sauce keychain for the hot sauce fiend of the officeAmazonSriracha Keychain Combo Pack, available at Amazon, $14.99Perfect for the coworker best known for adding hot sauce to anything sweet, savory, or edible. The pack comes with a bottle of Sriracha and two differently sized keychains. Tools for a night off and the "Do Nothing" sloth card made by an independent artistSociety6/Andy Westface"Do Nothing" Three Sloth Stationery Cards, available at Society6, $9.75Pair the sloth "Do Nothing" card with a few relaxing accessories (like face masks) to gift a well-deserved night off to a coworker. Like all of Society6's collection, it's also made by an independent artist — making it a bit cooler than what you might pick up from CVS.A tiny, convenient Bluetooth key trackerAmazonTile Mate Key Finder, available at Amazon, $16.99You can't go wrong with a tracker for their keys that's compact, thoughtful, and useful to pretty much everyone.A gift card to a popular healthy eating startupDaily HarvestGift Card, available at Daily Harvest, from $55Daily Harvest is a meal delivery startup that makes healthy fast food that takes as little as 30 seconds to prepare. Meals are delicious, under $10 each, and designed by a chef and nutritionist team for taste and balance. It's great for healthy eaters with busy lifestyles, solving pretty much all of our main roadblocks to eating well.A nice leather business card holderLeatherologyBusiness Card Case, available at Leatherology, $50Leatherology makes luxe leather goods for less, and their $45 business card case is a great workplace gift for under $50. It has an invisible magnetic closure, holds up to 20 cards, and comes in a variety of leather types and colors. You can also add a monogram for an additional $10. A convenient, reusable bag that folds up to the size of a business cardBagguStandard Baggu, available at Baggu, $14Grab a trendy, reusable shopping bag that's perfect for packing lunch, extra shoes, or taking a last-minute trip to the grocery store. This one folds up to about the size of a business card, and its signature version can hold 50 pounds of stuff easily.A Bob Ross chia pet they can growAmazonBob Ross Chia Pet, available at Amazon, $19.99Do yourself, your coworker, and your section of the office a favor with a Bob Ross chia pet. It will be a great conversation piece for as long as it lives.An echo dot for the virtual assistant you can afford to give themAmazonEcho Dot, 4th Generation, available at Amazon, $39.99If they don't already have an Echo Dot, this is a great tech gift without quite breaking $50.Read the original article on Business Insider.....»»

Category: smallbizSource: nytAug 25th, 2022