The 242-year-old retailer said the reopened stores were trading ahead of management expectations but it still needed to cut costs. “The trading environment is clearly a long way from returning to normal and we have to ensure our store costs are aligned with realistic expectations,” Debenhams said in a statement. … [Read more...] about Debenhams ready to cut 2,500 jobs in new blow to high street
Transportation reduces transshipment losses and delays
Behind the recent campaigns against over-tourism lies a growing appreciation that public goods that were assumed to be endlessly exploitable are, in fact, both finite and have a value that the price of visiting them should reflect. “Polluter pays” is an economic principle that is gradually being introduced to farming, manufacturing and energy. The idea is that if your business produces harmful side effects, then you should be the one who picks up the tab for the cleanup operation. Something similar, incorporating not only environmental harm but also wider cultural degradation or damage to way of life, might become the guiding principle of a properly sustainable tourism industry. At present the focus is centred narrowly on tourism taxes, which aim to reduce the number of tourists while also bringing in more revenue. Modest though they remain – Amsterdam adds 7% to your room bill in addition to a flat €3 per person per night – they are the tentative … [Read more...] about The end of tourism?
However, the IES's Tony Wilson suspects any fall in self-employment will be temporary: "Looking ahead, you would expect there to be more pressure on hours, pay and job quality during the recovery. In the medium term we'll see more people in less formal, more self-employed jobs. They may be less secure than employees, so the risk is you get a compositional shift towards less secure self-employment." … [Read more...] about ‘It will break my heart to have to walk away’
Despite the rise, separate Government data today suggested cases could actually be on their way down again after weeks of being on the up. The Office for National Statistics (ONS), which tracks the size of the outbreak by swabbing thousands of people, now believes there are 3,700 people in England getting infected with Covid-19 each day. … [Read more...] about Boris Johnson announces £300million funding for NHS hospitals to adapt to Covid-19 rules in preparation for winter as he pleads with Britons NOT to avoid A&E departments
For most "narcotraficantes" — or "drug traffickers" — life generally holds one of two possible fates: death, like Escobar's at the hands of US and Colombian special agents during a raid in Medellin in 1993; or prison in the US, like Carlos Lehder. At the time, Lehder's 1988 trial was the biggest court case against a foreign drug smuggler in US history. … [Read more...] about The wild life of Carlos Lehder, Pablo Escobar’s drug trafficking partner