October 18, 2019
There’s a Yiddish word for it: Chutzpah. In what seems to be an outright and unmitigated violation of the Emoluments Clause of the Constitution–which forbids U.S. officials from accepting payments from foreign governments—America will host the 2020 G-7 Summit next June at the president’s own resort property in Miami, the Trump National Doral, Acting Chief of Staff Mick Mulvaney told reporters on Thursday at the White House.
According to a report by The Hill, the decision is certain to provoke challenges from Democrats and ethics watchdog groups—all of whom will argue that the president is seeking to enrich his family’s brand by bringing world leaders to a Trump property.
Trump first signaled in the closing days of this year’s G-7 summit in France that his Doral resort was the front-runner to host next year’s gathering of world leaders. He boasted during his press conference in Biarritz about the property’s accommodations and proximity to Miami, The Hill noted.
“I think it’s just a great place to be. I think having it in Miami is fantastic. Really fantastic,” he said at the time. “Having it at that particular place, because of the way it’s set up, each country can have their own villa, or their own bungalow. And the bungalows, when I say, they have a lot of units in them. So I think it just works out well.”
“We thought of the 12 places that we looked at… this was by far and away the best choice,” Mulvaney said. He did not say why the Doral had been considered the best selection.
More specifically, he explained, White House staff looked at a dozen potential host sites. The list was eventually narrowed to two options in Utah, one in Hawaii, and one in Florida, Mulvaney said.
He insisted that Trump—who, notably absented himself from the press conference— would not profit from the gathering. He asserted that it would be “dramatically cheaper” to host the event at Doral because the facility had agreed to host the G-7 at cost.
” There’s no issue here on him profiting from this in any way, shape, or form,” Mulvaney said. ”
The United States last hosted the then-G-7 Summit in 2012 at Camp David in Maryland.
Research contact: @thehill
October 17, 2019
Made n collaboration with London-based designer Roksanda Ilinčić, the “Inner Expanse Infinity Coat” is a pink ankle-length puffer coat, with a purple waterproof trench coat layer on top of it, and it’s topped off with a large puffer hood, Fast Company reported on October 16.
In campaign images, the news outlet says, a woman wears the $998 garment in a wheat field at sunset—as if it were a gown, with the puffer billowing gloriously behind her.
Indeed, Fast Company notes, “The coat encapsulates Ilinčić’s iconic aesthetic: Her love of bold colors and her feminine touch, full of ribbons, draping, and flowing fabrics. She’s best known for her collections of cocktail dresses, silk blouses, and pantsuits that come in crimson, peach, and orchid.”
Thanks to subtle, hidden buttons and zippers, the Infinity Coat can be transformed in 26 different ways. Among its many variations, it can be flipped inside out to reveal a purple puffer exterior, or the sleeves can be removed to create a vest. And to make it even more convenient, the puffer can be neatly packed into a little pouch in one of the pockets, making it easy to throw into your luggage.
And it’s just one part of a 16-piece collection that Ilinčić designed for Lululemon. The items include tights, joggers, and workout wear.
Although Lululemon is known for its workout wear, in recent years, Fast Company reports, the company has focused on designing streetwear, including launching The Lab, a high-end fashion-forward clothing line.
Research contact: @FastCompany
October 15, 2019
Specifically, the news outlet said, last week the State of Michigan pulled fully $600 million of its pension fund from wealth management firm Fisher Investments after the company’s founder and chairman, Ken Fisher, made boorish and sexually explicit comments during a fireside chat at the Tiburon CEO Summit, October 7-9 at the Ritz-Carlton Hotel in San Francisco.
In a letter obtained by the Post on October 10, Michigan Chief Investment Officer Jon Braeutigam informed the state’s investment board that its Bureau of Investments, housed under the state Treasury Department, had terminated its relationship with Fisher Investments because of CEO Ken Fisher’s “completely unacceptable comments.”
During a moderated keynote discussion on October 8. Fisher allegedly compared his wealth management strategy to picking up women for sex, according to summit attendees who recounted what they heard in interviews with The Washington Post.
He spoke of doing acid and his belief that charities are immoral. He also made crude comments about genitalia, attendees said, and mentioned financier Jeffrey Epstein, who was indicted on federal sex-trafficking charges earlier this year before dying by suicide in prison.
Despite a Tiburon policy that requires summit attendees to keep private what they hear and discuss there, three CEOs publicly shared their accounts of what Fisher said in the interest of exposing his behavior and holding the self-proclaimed “self-made multibillionaire” accountable.
Alex Chalekian, founder and chief executive of Lake Avenue Financial , came forward first, posting a video to Twitter hours after Fisher’s remarks. Chalekian called the fireside chat a “true debacle” and said Fisher’s words were “absolutely horrifying,” the Post reported.
Rachel Robasciotti, founder and CEO of wealth management firm Robasciotti and Philipson, and Sonya Dreizler, a speaker and consultant to financial services firms, publicly confirmed Chalekian’s account online and in media reports.
“When you have power and you get onstage to share your worldview, and when your worldview includes women as sexual objects … that is irresponsible,” Robasciotti said in an interview with The Washington Post. “You’re peddling your worldview, and people are adopting it.”
Amid the backlash, Fisher was initially defiant in an interview with Bloomberg, defending his remarks by saying he had “given a lot of talks, a lot of times, in a lot of places and said stuff like this and never gotten that type of response.” He also claimed attendees had mischaracterized what he said and were being unfair.
Fisher, 68, later issued a formal apology. He has been barred from attending future Tiburon summits.
Research contact: @washingtonpost
October 15, 2019
Companies can future-proof their workforces by employing people with dyslexia, new research has claimed, according to a report by CNBC.
In a report published Monday, the British consultancy division of Ernst & Young, EY, used data from the World Economic Forum (WEF) and Made By Dyslexia—the latter, a global charity led by successful dyslexics—to outline how such people’s skills aligned with the competencies that would be required in the workplaces of the future.
What exactly is dyslexia? The Mayo Clinic describes it as “a learning disorder that involves difficult reading due to problems identify speech sounds and learning how they relate to letters and words (decoding).” Most dyslexics have above-average intelligence and social aptitude—and, therefore, are able to hide their reading and pronunciation problems without detection in many cases.
Referencing the WEF’s prediction of which skills would be the most in-demand by 2022, EY’s report highlighted how certain capabilities were becoming more and less useful to employers amid the rise of automation.
The report’s authors also highlighted a slew of capabilities and skills typically seen in people with dyslexia that would be vital to all industries by the year 2022.
“Overall, our analysis shows that competencies for a significant number of jobs in the workplace that dyslexic individuals may typically find challenging will largely be impacted by forms of automation,” the report’s authors said.
“In their place, enhanced tasks and new jobs will be created that match closely to the strengths of dyslexic thinking. Dyslexia could provide an opportunity for organizations to bridge the skills gap of the future.”
Earlier this month, CNBC reports, billionaire Sir Richard Branson credited dyslexia for some of his success as an entrepreneur, noting that people with the condition possessed the “skills of the future.”
“My dyslexia has shaped Virgin right from the very beginning and imagination has been the key to many of our successes,” he said in a blog post. “It helped me think big but keep our messages simple. The business world often gets caught up in facts and figures—and while the details and data are important, the ability to dream, conceptualize and innovate is what sets the successful and the unsuccessful apart.”
Research contact: @CNBC
October 11, 2019
For the hundreds of thousands of U.S. women who have gone through single or double mastectomies, finding sports bras that are comfortable and look appropriate for a gym can turn into an epic and less-than-fruitful search.
The good news for them is that Adidas by Stella McCartney unveiled on Monday its first ever Post-Mastectomy, Yahoo News reports.
The post-operative bra has been designed by Stella in collaboration with bra consultant Monica Harrington, who has worked closely with breast cancer patients and has an extensive knowledge of their needs post-surgery.
The result of this partnership is a bra that prioritizes comfort and support, while also offering Stella’s signature sleek style and Adidas technology.
To tailor the bra to women who have undergone breast cancer surgery, Stella has added four unique design features, including:
- An easy-to-use front fastening closure for women with restricted movement post-mastectomy,
- Front pockets with removable pads to keep prosthetics in place during workouts,
- Adjustable straps and a wide underband for high support and improved fit, and
- Strategically placed seams around the arms to reduce any irritation to the skin, which can become sensitive due to surgical scarring.
“After my surgery I felt lost. As a professional athlete, I was used to relying on my body but after my mastectomy, I started to lose belief in myself and how my body would react. When I was ready to get back into fitness, I couldn’t find a sports bra that didn’t require being pulled over my head or lacked in support. Now I wear the Post-Mastectomy Sports Bra every time I train — it is comfortable and supportive and has helped me build back my confidence to get back into the game,” Michele explains.
With the cause one which is close to Stella’s heart, following the loss of her mother, Linda McCartney to the disease, the designer hopes that the new post-operative bra will help give women the confidence to get back into sport following surgery, and help boost their physical and mental well-being.
“With the Post-Mastectomy Sports Bra, I really wanted to encourage women to take care of their health through wellness and self-care,” commented Stella. “This bra allows us to support recovering patients through the next phase of their journey; and hopefully, give them the confidence to get back into training. It has a cool and modern look that will help motivate the wearer, as well as assuring them, they are not odd one out in the gym.”
Research contact: @YahooNews
October 10, 2019
Tokyo-based multinational personal care company Shiseido announced on October 8 that it will spend $845 million to acquire Drunk Elephant, the female-founded clean beauty brand that has become one of the fastest-growing prestige skincare companies in history, Forbes reported.
The business news outlet estimates that founder Tiffany Masterson, who will stay on with the brand under Shiseido as chief creative officer and president, will pocket roughly $120 million when the sale closes at the end of the year.
Drunk Elephant had net sales of close to $100 million last year. It’s been backed by San Francisco based private equity firm VMG since 2017. The brand first signaled it was open to an acquisition earlier this year, Forbes says.
Masterson founded Drunk Elephant in Houston in 2012 while she was a stay-at-home mom of four. With the help of a contract chemist, Masterson developed serums and creams formulated without what she deemed as the “suspicious six” ingredients: essential oils, drying alcohols, silicones, chemical sunscreens, fragrances, and sodium lauryl sulfate.
Drunk Elephant is now one of the top-selling brands at Sephora, its exclusive brick-and-mortar retailer.
“I don’t look at other brands. I don’t go into Sephora anymore,” Masterson told Forbes in 2017. “I don’t follow trends. I stay close to home and stay in my lane. I do what I need. I’m a consumer first.”
Research contact: @Forbes
October 9, 2019
Commissioner of the National Basketball Association (NBA) Adam Silver literally is putting the league’s money where its mouth is. During a press conference prior to the preseason game between the Houston Rockets and the Toronto Raptors at Saitama Super Arena on October 8 in Saitama, Japan. Silver sought to quell the boiling emotions sparked by Rockets GM Daryl Morey’s tweet in support of the Hong Kong protests, the Houston Chronicle reported..
“The long-held values of the NBA are to support freedom of expression, and certainly freedom of expression by members of the NBA community. And in this case Daryl Morey, as the general manager of the Houston Rockets, enjoys that right as one of our employees,” Silver said in a press conference before the Rockets faced the o Raptors.
“I understand that there are consequences from that exercise of, in essence, his freedom of speech. We will have to live with those consequences. That’s where we find ourselves, but that as a league, we are not willing to compromise those values. Again, I’m sympathetic to our interests here and to our partners who are upset. I don’t think it’s inconsistent on one hand to be sympathetic to them and at the same time stand by our principles.”
The consequences of Morey’s quickly-deleted tweet continued to mount on Tuesday when CCTV announced that in response to Silver’s support of freedom of speech it would not televise this week’s NBA preseason games in Shanghai and Shenzhen between the Brooklyn Nets and Los Angeles Lakers.
“We’re strongly dissatisfied and oppose Adam Silver’s claim to support Morey’s right to freedom of expression,” CCTV said in a statement translated by the Associated Press. “We believe that any remarks that challenge national sovereignty and social stability are not within the scope of freedom of speech.”
The network added that it will “immediately investigate all cooperation and exchanges involving the NBA,” the Chronicle reported.
Silver said he intends to go to Shanghai on Wednesday and hopes to meet with officials and business partners there to try to repair the damage in the NBA’s relationship with China. He did not expect a quick resolution, according to the Houston-based news outlet.
“It’s my hope that when I’m in Shanghai, I can meet with the appropriate officials and discuss where we stand, and again, put those remarks from Daryl Morey and my remarks in an appropriate context of a many-decades-long relationship and see if we can find mutual respect for each other’s political systems and beliefs,” Silver said. “But I’m a realist as well, and I recognize that this issue may not die down so quickly.”
If that were not already clear, He added that Rockets icon Yao Ming, the head of the China Basketball Association, is “extremely upset.”
Research contact: @HoustonChron
October 8, 2019
Amazon has long offered Kids Edition variants of its popular Fire HD tablets — including the new Fire HD 10 — and now it’s doing the same for its most basic ebook reader with the new Kindle Kids Edition, Digital Trends reported on October 7.
Hardware-wise, it’s exactly the same as the basic Kindle that Amazon launched earlier this year, except it’s a little pricier ($110), as it comes with a case, along with software-specific features designed to encourage children to read–among them:
- Achievement badges:Children get a badge after hitting predefined reading goals.
- Easy discovery:If a child spells the name of a book incorrectly, the Kindle will attempt to offer up the intended results.
- Word wise:This is an existing feature on Kindles, but now it’s enabled by default and will provide definitions for tough words above them on the page—so kids don’t have to leave the book or interrupt their reading flow to understand them. You can customize the level of Word Wise to have it show fewer or more definitions.
- Dictionary:Long-press any word to see a pop-up with the dictionary defining the word. This is also an existing feature on Kindle devices.
- Vocabulary builder:Words that are looked up with the dictionary feature are added to Vocabulary Builder and are turned into flashcards, so kids can practice learning them; and can mark them as learned to remove them once they have a grasp on spelling and meaning.
According to Digital Trends, many of these features will come to older Kindle devices starting in January 2020, although Amazon made no promises when it comes to significantly older Kindle models. That means if you already have a Kindle from the past few years, you won’t need to shell out for the Kids Edition if you want these features.
The Kindle Kids Edition offers a six-inch E Ink screen, an adjustable front light, several weeks of battery life, and a Micro USB charging port—all in a lightweight package that’s easy to use one-handed.
Kids get to choose among four colorful cases to protect the device; and buyers receive Amazon’s two-year, worry-free guarantee, so if something happens to the Kindle, Amazon will replace it for free.
The Kindle Kids Edition also comes with one year of FreeTime Unlimited included, which is Amazon’s kid-friendly content service that delivers access to more than 1,000 ad-free books and access to Audible. You can set age limits, so the Kindle will only show books relevant to a specific age group. The service costs $3 per month if you’re a Prime subscriber and $5 per month if you’re not.
The Kindle Kids Edition is available for pre-order now from Amazon and it ships on October 30. Amazon is offering a 25% off deal if you order two Kindle Kids Edition devices at the same time.
Research contact: @DigitalTrends
October 7, 2019
It may not be in the Zagat guide, but a visit to Costco’s food court menu-which serves a menu of pizza, hot dogs and ice cream—is a on the must-do list of most shoppers when they visit the big-box store.
Now, according to Business Insider, nearly 2,000 people have signed a petition for the warehouse retailer to introduce a vegan hot dog to its food court menu. The Change.org petition was started by Scott Hildebrand, who wrote on the website that he has been vegan for eight years and has eaten a meat-free diet for over a decade.
“We need to work with companies to make plant-based options more accessible,” Hildebrand, who lives near Costco’s headquarters in Washington State, said in a statement. “Our family, like countless others, are regulars at Costco. I’d love to see them extend plant-based options to the food court, so we can enjoy veggie hot dogs after a Sunday shopping trip.”
Costco already is on the same page. The company has announced that some stores will start selling a plant-based burger within in the next few weeks, Business Insider reports.
Indeed, the stores actually went too far and sparked a backlash in July 2018, the new outlet says, when it cut its Polish hot dog from its menu in favor of vegan and healthier options like açai bowls and organic burgers.
“Sorry, but when I feel like a hot dog or pizza, a salad is the last thing on my mind,” the petition reads.
The petition also notes the growing availability of vegan and plant-based options nationwide, including Burger King’s Impossible Whopper, KFC’s Beyond Fried Chicken, and Ikea’s rollout of a vegan hot dog.
The petition is directed toward Costco CEO Craig Jelinek.
A Costco representative did not return a request from Business Insider for comment.
Research contact: @businessinsider
October 4, 2019
When Prince released his chart-topping song, Little Red Corvette, in 1983, Chevrolet already was gearing up for its 1984 C4 model—which would sell more units (51, 547) than in any year since 1979 (53,807); and would not be topped again.
Now, the automaker intends to revive and expand the cult audience for its sports car with some unique tweaks to its design, Bloomberg reports. The 2020 Chevrolet Corvette Stingray Convertible, which the company launched on October 2 at the Kennedy Space Center in Florida, is the first Vette in history to have a hard, retractable roof, rather than one made of canvas. Chevy is hoping that younger drivers will find the design appealing—creating a whole new generation of loyal buyers.
The hardtop on the new mid-engine Corvette Stingray Convertible folds “seamlessly” into the body, as Bloomberg describes it—maintaining the fighter jet-inspired lines of the coupe version, providing a quieter cabin; and offering the same storage space as the coupe, even with the top down.
That’s 12.6 cubic feet, or enough to stow two sets of golf clubs in the trunk during open-air driving. An additional storage compartment in the front of the car, like those found in Lamborghinis, fits a single, carry-on roller bag and laptop case.
“Our goal from the beginning was to make sure customers didn’t have to sacrifice any functionality, performance, or comfort when choosing the hardtop convertible,” Josh Holder, Corvette program engineering manager, said in a written statement to the business news outlet about the new car.
Indeed, Bloomberg says, by transplanting the engine to the middle of the car, evening out its center of balance, General Motors is positioning it to handle better on the track and take on the likes of Porsche, Ferrari, and Lamborghini.
Pricing on the entry-level 2020 Chevrolet Corvette Coupe starts at $59,995. The starting price on the entry-level convertible is $67,495. Whether car collectors and new fans will be willing to shell out that money for a Chevy rather than a luxury brand is yet to be seen.
Research contact @business