TRAPPED under a heavy pile of rubble, Mosammed Rikte Begum cried out for water. “I’ll never forget the putrid smell of death,” she says. “I remember lying on a bunch of dead bodies, watching as two people died in front of me. I had no idea what was above or below me – or if I was going to survive.” Until April 24, 2013, Mosammed had made a living as a senior operator at the Rana Plaza building in Savar, a suburb just outside the Bangladeshi capital, Dhaka. On that morning, the worker, now 29, and thousands of colleagues had turned up for their shifts at the garment factory – which produced clothes on a shoestring budget for some of the world’s major retailers – despite huge cracks appearing in the factory walls the day before. Why? They were too frightened to lose their jobs. However, just moments after starting their shifts, the eight-storey factory building crumbled to the ground in less than 90 seconds. As a result, 1,134 … [Read more...] about Five years after the Bangladesh factory collapse — did the tragedy trigger a fashion revolution?
The gen z effect
People are worried about stock buybacks.The way a stock buyback works is: You have a company worth $1,100, with $100 of extra cash on hand. It has 110 shares outstanding. Each share is worth $10. You decide you don’t need all that cash and that you should give it back to shareholders who want to sell. You buy 10 shares for $10 each, using the $100 in extra cash. Now you have 100 shares outstanding, no extra cash, and a company that is worth $X.What is X? In this schematic description it seems like it should be $1,000. You had a company worth $1,100. It gave $100 back to shareholders, in exchange for nothing. (In exchange for their shares, yes, sure, but as far as the company is concerned those aren’t a thing.) $1,100 minus $100 is $1,000. There would be something odd about getting any different answer. Before the buyback the shareholders, collectively, owned $1,100 worth of stuff. (Their stock.) After the buyback the shareholders, collectively, owned $X + $100 … [Read more...] about Buying Your Way Back to Riches
After months of debate about how to keep “fake news” from spreading, Facebook, alongside Apple, Spotify, and YouTube, has banned infamous conspiracy-theory outlet InfoWars from its platform. This comes after years of users requesting to have the notorious right-wing publication, known for spread hateful, and often dangerous, lies via online channels removed from the platform. For those who don’t make it a habit of reading falsehoods written by gammons, InfoWars is arguably the greatest contributor towards making conspiracy theories mainstream. Founded in 1999, the right-wing, glorified misinformation generator became the magnum opus of Alex Jones, a man whose apparent mission in life is to disseminate misinformation as widely and as quickly as possible. Jones rose to prominence as a right-wing commentator after the Sandy Hook school shooting in December 2012, specifically for claiming it was faked by gun control advocates in the United States (a claim he’s … [Read more...] about ConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlight Twitter failing to ban Infowars isn’t misjudged, it’s deliberate
Charisse Jones USA TODAY Published 7:02 p.m. UTC Aug 6, 2018 Walmart, the world's biggest retailer, is counting on a 6-year-old YouTube star to draw in gaggles of other pint-sized shoppers clamoring for bubble pets, T-shirts and capsules full of lime-green slime. On Monday, the store chain will debut Ryan's World, a toy and T-shirt line created by the first-grader whose YouTube channel, Ryan ToysReview, gets roughly 950 million views a month. Among kids, "clearly what's emerged in the last few years is they’re watching an influencer like Ryan on YouTube, and he's their authority,'' says Anne Marie Kehoe, Walmart's vice president and divisional merchandise manager of toys. That's "why we thought this was something to really move fast on.'' At a time when traditional retailers are struggling to woo shoppers, established brands and chains such as Walmart, Nordstrom and Target are increasingly collaborating with social media stars to … [Read more...] about Walmart, Nordstrom and others look to YouTube stars to woo millennials and Gen Z
All is not well in suburbia. Behind the veneer of detached mansions where flash businessmen boast about their curved 65-inch TVs that cost more than their mother-in-law’s houses and everyone glides around in Audi saloons, a teenage girl has gone missing. Safe (Netflix) is a new drama from American thriller writer Harlan Coben. Once you know that, this vision makes sense. The gated community where it is set feels American — neighbours gather for barbecues, houses have swimming pools and the teenagers play beer pong at parties. It’s as if Coben watched Broadchurch, realised murder happens in England too and merged a Desperate Housewives-style vision of community with a British whodunit. The protagonist is even an American actor, although he’s trying his best to put on an English accent and engage in dad banter. We first meet Tom Delaney (Michael C Hall) at his wife’s funeral. Seeing Hall by a grave is an instant reminder of how excellent he was in … [Read more...] about Monday’s best TV: Safe, Innocent and Criminal Minds