Brexit uncertainty forces European company to stockpile toilet paper
Wepa has also opted to charter ship deliveries for importing raw materials into Britain instead of using trucks, according to the company’s managing director Mike Docker, as quoted by the BBC.The tissue-maker reportedly owns production facilities in Bridgend, in South Wales. Wepa is said to lease extra premises of nearly 20,000 kilometers to store finished product and raw material. The firm also shipped in extra cardboard and tissue. Exorbitant toilet paper use by Americans wiping out Canadian forests Wepa is one of major suppliers of toilet paper and kitchen rolls that are used by the biggest retailers, including Lidl, Morrisons, Sainsbury’s and Tesco, for their own-brand … [READ MORE...]
Gawker Names Dan Peres as Editor in Chief, Hoping to Breathe Life Back Into Site
Mr. Goldberg said in an interview that the company had hired a law firm to investigate the claims and that its review had “cleared” Ms. Griffith. Mr. Goldberg confirmed that Ms. Griffith would stay on under Mr. Peres.“I am deeply saddened about the allegations that were brought forth by two former staff members,” Ms. Griffith said Thursday. “With the conclusion of a rigorous and in-depth third-party investigation, I look forward to rolling up my sleeves and getting down to work with our new editor in chief, Dan Peres, who I very much admire.”In 2004, a satirical article in Details titled “Gay or Asian” drew outrage. Mr. Peres apologized at the time, admitting that the story had crossed a line, and stayed on as editor until 2015.“I regretted it at the time and I regret it still,” Mr. Peres … [READ MORE...]
This Legislation Could Force Stores to Take Your Cash
Ms. Pou, who represents the Paterson area, said that she had many constituents who lack bank accounts, including low-income families deterred by fees and minimum balance requirements. (A report by the Federal Deposit Insurance Corp. in 2017 estimated that 6.5 percent of American households were “unbanked.”) Older adults also may not have electronic payments set up, or be comfortable using them, she noted.The penalties in the proposed bills range from hundreds to thousands of dollars. In the New Jersey bill, they could go up to $5,000 for a second offense. A spokesman said the governor was considering whether to sign the legislation.Ms. Pou said that business groups and Amazon had expressed opposition to the bill, and she worked with businesses to include exceptions, including for airports, … [READ MORE...]
Latest News
Corner Office: Indra Nooyi: ‘I’m Not Here to Tell You What to Eat’
We bought Quaker Oats in 2000 because we had no food brand that could play in the morning. It was also clear that beverage habits were changing. Our own employees’ consumption was changing. It went from regular Pepsi to Diet Pepsi and Pepsi Max. Everywhere you looked, you could see that consumption of low-calorie, zero-calorie products was increasing.How do you get a big multinational company to buy into such a dramatic change in strategy? If the C.E.O. doesn’t feel the change, as opposed to … [Read More...]
Faster Tax Cuts Could Be Backfiring on Republicans
Bigger paychecks for most — but smaller refunds for someIndependent analyses consistently show that the 2017 law gave most Americans a tax cut, and few families will end up paying more than under the previous rules.Federal officials faced a choice about how to pass those savings on to taxpayers. One option would have been to make most people wait until they filed tax returns this spring, delivering a tax-season windfall but essentially delaying the cut by a year. Instead, the I.R.S. chose to … [Read More...]
Fed, Dimming Its Economic Outlook, Predicts No Rate Increases This Year
“The Fed underscored patience and a strong desire to allow inflation to run above target,” researchers at Bank of America Merrill Lynch said in a research note. “As Powell said in his opening remarks, the Fed’s overarching goal is to sustain the economic expansion. This unprecedented dovish turn clearly shows such commitment.”Yields on the 10-year Treasury note — a bellwether for a range of consumer borrowing rates — dropped sharply after the Fed statement was released as investors digested the … [Read More...]
Amazon and Union at Odds Over Firing of Staten Island Warehouse Worker
Under federal labor law, employees have the right to take part in organizing activities and are generally entitled to complain publicly about their working conditions. The labor board’s regional office will investigate Mr. Long’s allegation, and the agency’s general counsel could bring a complaint against Amazon if the case is found to have merit.Several labor lawyers said that winning or favorably settling a case like Mr. Long’s, something that would probably entail his reinstatement with back … [Read More...]
Previous news
- Square Feet: Another Role for Construction Cranes: Economic Indicator
- Alan B. Krueger, Economic Aide to Clinton and Obama, Is Dead at 58
- o: Alan B. Krueger, Economic Aide to Clinton and Obama, Is Dead at 58
- Women in Economics Report Rampant Sexual Assault and Bias
- With Interest: The Week in Business: Boeing’s Big Mess and Brexit’s Next Steps
Small Business
This Legislation Could Force Stores to Take Your Cash
Ms. Pou, who represents the Paterson area, said that she had many constituents who lack bank accounts, including low-income families deterred by fees and minimum balance requirements. (A report by the Federal Deposit Insurance Corp. in 2017 estimated that 6.5 percent of American households were “unbanked.”) Older adults also may not have electronic payments set up, or be comfortable using them, … [Read More...]
Fixtures: The Baumans, Sellers of Really, Really Rare Books
In a town of sparkle and flash, rare books are an anomaly, but for the Baumans, they are lucrative. One visitor spent $400,000 on “The Great Gatsby” and McKenney and Halls’ “History of the Indian Tribes of North America” in a single visit. Another, a quiet man in shorts, flip-flops and a T-shirt spent $15,000 on a first edition of “Huckleberry Finn” and then several weeks later returned to pick … [Read More...]
Your Money
Tech We’re Using: Spending Is as Easy as Pushing a Button. The Hard Part? Keeping Track.
There are a ton of money apps for children and teenagers, but I was hoping to find something to help him focus on developing patience and delaying gratification. Today, bags of groceries magically appear on our doorstep without any visible transaction. If we need something, we can just press a button — as adults, we’re a month removed from any consequences, and children are often completely … [Read More...]
Wealth Matters: The Allure, and Burden, of Private Equity
“Let’s say you make a commitment to a manager and they turn out to be not who you think they are,” Ms. Auerbach said. “You can try to sell your slightly used private equity stake on the secondary market, or you can do your homework and make sure you can stay with the manager for 12 to 15 years.”“Everything,” she added, “takes longer than people think.”In the current economic cycle, advisers are … [Read More...]