Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues
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The 10 most innovative companies in beauty of 2023
Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023
Study: 24% Of Parents Hid That Their Children Were Covid-19 Positive
Share to Twitter Share to Linkedin Well, so much for trusting people to do the right thing. A research letter recently published in JAMA Network Open described how 24.0% of parents in the U.S. surveyed—that’s 63 of 263 respondents—failed to tell others when they either thought or knew that their child had Covid-19. Moreover, 21.1% (67 of 218 respondents) permitted their children to break quarantine or isolation rules. And take a wild guess as to the most commonly given reason for not doing such things to protect others around them. It’s a very freedom answer. They wanted to exercise their “personal freedom” as parents. Yeah, let that freedom answer ring in the heads of all those who may have gotten infected with the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) as a result. Looks like the answer to the Eurythmics song “Would I Lie To You?” is “Absolutely Yes” for quite a few parents based on this survey. The online survey conducted from … [Read more...] about Study: 24% Of Parents Hid That Their Children Were Covid-19 Positive
The 10 most innovative companies producing live events in 2023
Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , beauty , design , and more. How do four septuagenarian Swedish pop stars pull off a dazzlingly energetic 20-song set list before thousands of fans in a custom-built stadium? Easy: They get their holograms to do it. ABBA Voyage , a stunning marriage of art and technology architected by the visual effects company Industrial Light & Magic (ILM), has been a critical and financial success. It’s also a symbol of how the live performance industry is being transformed by technology, as digital elements are deployed to deepen fan immersion while staying true to what makes a live music experience so irreplicable. With concerts becoming increasingly visual extravaganzas, artists have access to new mediums to explore their creative … [Read more...] about The 10 most innovative companies producing live events in 2023
Review: Trettitre TreSound1 Wireless Speaker
Share to Twitter Share to Linkedin There is no shortage of cheap Bluetooth speakers from manufacturers that you’d never see on store shelves in North America, but far fewer that make a play for the high end wireless speaker market. It’s difficult to get consumers to part with big money on a speaker that doesn’t carry a familiar name. China’s Trettitre is giving it a go with the $699.99 TreSound1, a sample of which was sent to me by distributor Linsoul Audio . Premium – But Polarizing – Design The TreSound1 has a very unusual appearance, one that draws immediate attention. Trettitre says it incorporates a “mountain” design. To me it looks like a warhead. It’s not just the form factor that makes the design polarizing; the controls take minimalism to an extreme. There are no buttons to mar its surface. On/off and volume control is accomplished by twisting the metal end of the cone, with no option for pausing or skipping tracks. The very tip is an LED that … [Read more...] about Review: Trettitre TreSound1 Wireless Speaker
Brentford FC Coach Thomas Frank’s Gambling Blindspot
Share to Twitter Share to Linkedin When Brentford FC manager Thomas Frank finally broke his silence about the potential for star striker Ivan Toney to be hit with a lengthy ban he didn’t hold back. Toney pleaded guilty to 232 alleged breaches of rules related to gambling earlier this month and there is speculation the Football Association will deliver a severe punishment. Anti-gambling charities have highlighted the irony in Toney being reprimanded for indulging in a pastime soccer actively promotes. “If you force young people to endorse addictive products, don’t be surprised if they use them,” one organization, The Big Step, tweeted alongside a picture of Toney wearing different shirts emblazoned with gambling logos and player of the month trophies sponsored by betting firms. Amongst the images was a photo of Toney in the current Brentford FC home shirt which carries the ‘Hollywood Bets’ logo. And, when handling the topic of Toney’s ban, it … [Read more...] about Brentford FC Coach Thomas Frank’s Gambling Blindspot
Updated FAFSA Launch Officially Delayed Two Months To December
Share to Twitter Share to Linkedin The Department of Education (ED) has officially said that this year’s Free Application for Federal Student aid (FAFSA) will not open until December , two months later than usual. The delay comes as the result of a huge overhaul of the federal form that students use to apply for financial aid to help pay for college. An exact date in December has not been announced yet. FAFSA has opened for applications on October 1 the year before students expect to enroll in college since 2016. Previously the form was available on January 1 every year. The FAFSA is the federal form you must complete using income and tax information to be considered for any financial aid from the federal government, your state, or one of the colleges you hope to attend. and is used by states and colleges to determine what support they might be eligible for. The move to an earlier FAFSA was possible because of changes that allowed students and families to … [Read more...] about Updated FAFSA Launch Officially Delayed Two Months To December
This startup is reviving American manufacturing with robots as a service
Formic is No. 39 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Formic ’s insight about automation comes from a very human observation: Many of the business owners who could benefit from robots don’t have the time to research their options because they’re maxed out dealing with their humans. “What I realized was that 99% of places that need robots don’t have robots,” says CEO Saman Farid. “The vast majority of manufacturers in America are these SMBs,” he says of his small- and medium-size business customers. “All of these people have very little automation but are extremely short-staffed.” That results in expensive downtime for factory equipment: “They have to pay for all the time where everything’s just sitting around.” Formic’s solution offers robots-as-a-service. The Chicago-based company, founded in 2020, formally launched in August 2021; and now past its 50th … [Read more...] about This startup is reviving American manufacturing with robots as a service
Amazon, Other Retailers Revisit Free Shipping Amid Rising Costs
(CTN News) – Amazon and other online retailers are scrambling to make free shipping work. In addition to charging for faster service, they’re raising minimum purchase requirements and shifting more costs to consumers who are struggling. Free delivery is going away, says Ken Morris, managing partner at Cambridge Retail Advisors. According to Morris, many retailers are starting to charge for better seating, luggage transportation, and frequent flyer points. Free shipping raises retailer prices. Despite this, product inflation and soaring shipping costs make the service unsustainable. The company underwrote its package delivery costs with pricey prime subscriptions and fat profits from other businesses. Amazon made other retailers follow, even though they didn’t have Amazon’s advantages. Retail margins are shrinking and shipping rates are skyrocketing for United Parcel Service, FedEx, and the US Postal Service, so e-commerce companies that offer free shipping are … [Read more...] about Amazon, Other Retailers Revisit Free Shipping Amid Rising Costs
Avelo Celebrates 1 Million Passengers At Tweed With Free Roundtrips
(CTN News) – After arriving at Tweed New Haven Regional Airport for her Avelo Airlines flight to Fort Myers, Fla., Sandy Smerekanicz wasn’t expecting anything all that special beyond a smooth trip when she arrived at Tweed New Haven Regional Airport Friday. As a result, Smerekanicz , of Beacon Falls, and her companion, Jack Burns, ended up with a voucher for a free future round-trip flight anywhere Avelo flies-a voucher that Avelo founder, Chairman and CEO Andrew Levy personally gave to her. In addition to them, there were 182 passengers on board the flight at 2:25 p.m. of the Avelo flight that was carrying Avelo’s millionth passenger since it began operating Tweed flights 16 months ago. The trip is fantastic!” Smerekanicz exclaimed as she waited to board the plane. She said it was amazing! She remarked that it was more comfortable to fly on a small airline such as Avelo from a smaller airport such as Tweed, because it was “so much more friendly.” A number of other … [Read more...] about Avelo Celebrates 1 Million Passengers At Tweed With Free Roundtrips