New York (CNN Business) The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a "sister" cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It's dipped in the "same delicious chocolaty coating" as its sibling. For the first time ever, the new cookie flavor will be sold only online — a strategy aimed at "enhancing girls' e-commerce sales and entrepreneurial skills." A box of Girl Scout Cookies typically costs around $5, but prices vary depending on the region. Raspberry Rally goes on sale early next year. The Girl Scouts' annual cookie-selling season runs from January to April, and Raspberry Rally will be available starting in 2023. Proceeds from both in-person and online cookie sales benefit local Girl Scouts councils and troops. Girl Scouts says selling cookies makes members "part of the largest girl-led entrepreneurial program in … [Read more...] about Girl Scouts add a new raspberry cookie to the lineup
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Democratic Degradation Is Law’s Ultimate Disruptor
Share to Twitter Share to Linkedin The legal industry has been remarkably buoyant in a tumultuous world. It has weathered 9/11, the global financial crisis, economic downturns , automation, digital transformation , domestic and international instability, and the Pandemic. Through it all, the legal sector has prospered financially , even as its resistance to change has misaligned it with business and distanced it from society . Law’s financial success has come at a steep price—the health and well-being of its workforce, an obscured purpose, and high profits but low customer satisfaction. Public trust in lawyers , legal institutions , and the vitality of the rule have law are historically low. Most Americans believe the legal system is accessible only to the wealthy and the data confirms this. The legal system is widely perceived as lacking accessibility impartiality, transparency, diversity reflective of the society it purports to serve, … [Read more...] about Democratic Degradation Is Law’s Ultimate Disruptor
Aviation Hits New Low, Ranks As 4th-Leading U.S. Export In 2022
Share to Twitter Share to Linkedin For the first time in seven years, the leading U.S. export is not the broad aviation category that includes jets made by Boeing BA . In fact, even though U.S. exports are up from the record pace of 2021 by more than $100 billion, the main aviation category has fallen to a No. 4 rank for the first time in at least two decades. This is the first in a series of columns about the nation’s top 10 exports. It follows similar series I did for the countries that are the nation’s top 10 trade partners and one for the airports, seaports and border crossings that are the nation’s top 10 “ports.” Last year, the value of refined petroleum exports topped the civilian aircraft category for the first time since 2012 and only the third time in at least two decades. But the aviation category — there are also other, smaller aviation-related categories related to, for example, engines and avionics — still finished second. … [Read more...] about Aviation Hits New Low, Ranks As 4th-Leading U.S. Export In 2022
‘Gasoline’ Exports Likely To Smash 2013 Record Easily
Share to Twitter Share to Linkedin With prices for gasoline still elevated, U.S. exports of refined petroleum products should smash the 2013 record-setting total easily this year. The category, which includes jet fuel, diesel fuel, refined lubricating oils and kerosene as well as various types of gasoline, is also almost certain to repeat as the nation’s top-ranked export for the second consecutive year but only the third time since that record-setting 2013 total. In the intervening years, the primary aviation category had ranked first but two fatal Boeing BA jet crashes and a travel-halting global pandemic seriously curtailed the Chicago-based company’s exports in recent years. So far this year, the aircraft category ranks fourth, according to the latest U.S. Census Bureau data, which is through May and the basis for this column. This is the third in a series of columns about the nation’s exports. It follows similar series I did for the … [Read more...] about ‘Gasoline’ Exports Likely To Smash 2013 Record Easily
Dow Jumps Nearly 200 Points Despite ‘Underwhelming’ Data From China Sparking Global Recession Fears
Share to Twitter Share to Linkedin Topline The stock market moved higher on Monday despite disappointing economic data out of China leading to rising concerns about a global recession and a drop in oil prices; meanwhile, investors are looking ahead to a big week of retail earnings. Key Facts Stocks rose after four straight weeks of gains: The Dow Jones Industrial Average was up 0.5%, nearly 200 points, while the S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite 0.6%. Markets were initially lower after weak economic data from China overnight, with the country’s consumer and factory data coming in well below expectations, while China’s central bank also unexpectedly slashed interest rates amid a slowing economy. As China’s real estate slump and Covid lockdowns continue to weigh on economic growth, investors are growing concerned about what that could mean for the global economy, reigniting recession fears. Oil prices tanked … [Read more...] about Dow Jumps Nearly 200 Points Despite ‘Underwhelming’ Data From China Sparking Global Recession Fears
US SPAC king goes silent with his empire shrivelling
Chamath Palihapitiya - A + A NEW YORK (Aug 17): The news came with little fanfare. It was late on a sleepy summer afternoon last week, and few on Wall Street even seemed to notice the pair of filings when they hit the Securities and Exchange Commission's (SEC) website. In terse, boilerplate language, the documents stated that two special-purpose acquisition companies (SPACs) launched by Chamath Palihapitiya needed to push back the deadlines they had set to make acquisitions. Palihapitiya was in no mood to trumpet the news. There were no tweets, no interviews, none of the braggadocio that came with so many of his big SPAC deals, back when the market was the hot new thing in finance, a sure-fire, money-minting machine, and Palihapitiya was its undisputed king. But if those euphoric moments two years ago represented the peak of SPAC frenzy — a phenomenon created out of the same ingredients (unprecedented monetary and fiscal stimulus) that gave us meme stocks and … [Read more...] about US SPAC king goes silent with his empire shrivelling
Fertilizer usage is being pummeled by Europe’s energy crisis
- A + A LONDON/NEW YORK (Aug 17): The energy crunch throttling Europe’s fertilizer output is threatening to force the world’s farmers to use even less of the nutrients crucial for growing food. Soaring prices of gas, a key feedstock, have already curtailed a quarter of Europe’s nitrogen fertilizer capacity, CRU Group estimates. Now, worries are mounting that the crisis will worsen. For Europe, that could mean even less production and more dependence on imports of ammonia, from which nitrogen products are made. That will also have a knock-on impact elsewhere. Faced with higher prices and tighter supplies, farmers may cut global fertilizer usage as much as 7% next season, the most since 2008, the International Fertilizer Association warns. That risk curbing harvests as the world grapples with a cost-of-living crisis and worsening hunger. “If European farmers import more products from other exporters, then for the more fragile agricultural markets in sub-Saharan … [Read more...] about Fertilizer usage is being pummeled by Europe’s energy crisis
World’s biggest sovereign wealth fund still upbeat about big tech
Norges Bank Investment Management chief executive officer Nicolai Tangen - A + A OSLO/NEW YORK (Aug 17): Norway's US$1.3 trillion (RM5.81 trillion) wealth fund is still positive about the US technology giants, even after the sector led the investor to a record loss. "The US tech companies would typically be amongst our top 10 holdings and we continue to think they're well positioned," Norges Bank Investment Management chief executive officer Nicolai Tangen said in an interview on Bloomberg TV. The size of the holdings reflects their size in the benchmark for the fund, which is limited in how far it can stray from that index of global stocks, he said. The fund lost US$174 billion in the first half of the year, with Meta Platforms Inc, Amazon.com Inc, Apple Inc, and Microsoft Corp the biggest single contributers to the decline, it said. These four are also the biggest single equity holdings of the fund. Technology companies as a whole lost 27.6%, as demand for … [Read more...] about World’s biggest sovereign wealth fund still upbeat about big tech
Exclusive: Buffalo Wild Wings is adding pizza to its menu
New York (CNN Business) With football season approaching, Buffalo Wild Wings is adding a new menu item that's all but synonymous with the sport: pizza . For the first time, the sports bar chain is adding pizza to its menu -— with a unique spin. Buffalo Wild Wings pizzas, available beginning Wednesday for $9.99, feature a thin crust topped with boneless wings and smothered in one of the the brand's wing sauces. The pizza comes in two varieties: Buffalo Boneless Bar Pizza, which will be covered with ranch dressing, bleu cheese crumbles, mozzarella cheese and a medium-spiced buffalo sauce drizzle. There's also a Honey BBQ Boneless Bar Pizza with boneless wings in honey-flavored sauce, bacon crumbles, pickled hot peppers and two cheeses. The new Boneless Bar Pizza at Buffalo Wild Wings. The new menu items bolster the brand's reputation as a destination for watching football and other sports, Rita Patel, Buffalo Wild Wing's chief marketing … [Read more...] about Exclusive: Buffalo Wild Wings is adding pizza to its menu
Former Kiehl’s president Chris Salgardo launches Atwater, a grooming brand for men
Former president of Kiehl’s Chris Salgardo dedicated 18 years of his career to leading the New York-based brand to becoming one of the best-selling beauty brands in history. Today, more than two years after leaving Kiehl’s, Salgardo launches Atwater , a men’s grooming range named after his father’s hometown in California. At launch, Atwater will comprise of 10 products—ranging from cleanser to exfoliant to moisturizer—and will be available via direct-to-consumer channels as well as in Nordstrom store locations in the United States. advertisement advertisement Atwater is the latest beauty brand to launch in recent memory that’s founded by industry veterans with decades of experience and institutional knowledge at their disposal—legendary makeup artist Bobbi Brown brought Jones Road to market the moment her 25-year non-compete lifted in 2020, and former Estee Lauder VP Chaz Giles debuted personalized skin-care platform Revea last year. … [Read more...] about Former Kiehl’s president Chris Salgardo launches Atwater, a grooming brand for men