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Home Blog Page 10920

Chipotle Mexican Grill tests meatless chorizo in two U.S. markets

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On Thursday, Chipotle Mexican Grill announced that it was offering a meatless chorizo in two U.S. markets: Indianapolis and Denver. The popular restaurant chain has not introduced a plant-based product since 2014, when it launched its sofritas, made with soy. Restaurants are making an effort to introduce more meat-free products keeping in mind changing food and environment concerns.

 

Chipotle’s meat-free chorizo has used pea protein as its base. It has added the following ingredients as flavoring agents to the high protein base:

 

  • ancho chili
  • chipotle peppers
  • tomato paste
  • olive oil
  • paprika

 

The restaurant chain said that its meatless chorizo will contain twenty grams of protein per serving. It will be gluten free. No grains or soy will be used in its formulation. It is also certified vegan. Earlier. Beyond Meat had also used the pea, the same plant protein, in its meatless options.

 

Chorizo has not been a high sales item for Chipotle. In 2016, it had offered meat chorizo but removed in favor of the queso as it was responsible for garnering only 3 percent of its protein sales. In late 2018, it had launched the meat chorizo as a limited-time offer. In 2021, it is trying to increase sales by offering a plant-based chorizo.

 

Chipotle has debuted this meatless chorizo as the newest product in its stage-gate process. This process allows the popular chain to research and analyze customer feedback and strategize before it launches a new product at a national level.

 

Other popular debuts through the stage-gate process in the past included

 

  • Hand Crafted Quesadilla
  • Smoked Brisket
  • Cauliflower Rice
  • Super Greens Salad Mix
  • Carne Asada
  • Queso Blanco.

 

Chris Brandt, who is the chief marketing officer of Chipotle said that plant-based lifestyles were increasingly popular and as a longtime leader in the category, the restaurant chain was exploring ways to give their customers new options with real ingredients that could be enjoyed by everyone.

 

Chipotle shares have seen a surge of 33 percent in 2021, with its market value at $52 billion. Although Chipotle Mexican Grill restaurants were shuttered during the early months of the pandemic, online sales help boost revenues and stock prices.

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U.S. to distribute third dose of vaccine or booster shots to all Americans starting September

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On Wednesday, U.S. health officials announced that they will start distributing a booster shot or third dose of vaccine from September 20 as the vaccine protection decreases over a period of time. This time period is said to be eight months after the second dose of a Pfizer-BioNTech or Moderna vaccine. The data for the Johnson & Johnson single dose vaccine is still being studied so no formal recommendations have been made as yet.

 

A joint statement was signed by Centers for Disease Control and Prevention (CDC) director Dr. Rochelle Walensky, acting Food and Drug Agency (FDA) commissioner Dr. Janet Woodcock, White House chief medical advisor Dr. Anthony Fauci and other health experts. It noted that it was “very clear” that immunity started to fall after the initial two doses of the vaccine and the spread of the delta variant showed that there was evidence of “reduced protection against mild and moderate disease.”

 

It also said that they had assessed that the current protection available against the onset of severe disease or of hospitalizations and death could decrease in the months ahead. This could be seen mainly on those who were at high risk of catching COVID-19 as well as on those who were the earliest recipients of the vaccine.

 

The officials said that U.S. agencies were preparing to offer booster shots to all eligible Americans from September 20. This plan was subject to a formal recommendation from a CDC vaccine advisory committee as well as from the FDA.

 

The announcement was made ahead of a White House press briefing on COVID-19 on Wednesday. The message on booster shots has changed recently. Several studies show that the protection offered by both the Pfizer and Moderna vaccines falls after six months, and this was the reason why booster shots have been recommended for the wider American population. The surge of the delta variant is also a reason why a third dose has been recommended

 

Dr. Francis Collins, Director of the National Institutes of Health said that sticking to the same kind of vaccine a person got in the first two doses was ideal but if they couldn’t get access to the same, they could get the third dose or booster shot from the other manufacturer.

Toys R Us to launches a comeback with new toy shops inside more than 400 Macy’s stores

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Toys“R”Us ®is partnering with  Macy’s to open toy shops in over  400 department stores in the U.S beginning  in 2022, the two companies announced Thursday. Exact store locations have not yet been announced and there is no information yet on the size of the presence the stores will have within the Macy’s Department Stores.

Starting Thursday, shopping for Toys R Us toys  will be available at Macys.com/toysrus and Toysrus.com.

“As a Toys”R”Us kid, I could not be more excited to bring this beloved brand that so many of our customers know and love into Macy’s online and to our stores across America,” said Nata Dvir, Macy’s chief merchandising officer, in a statement. “Our toy business grew exponentially in the past year, with many families looking to inspire their children’s imagination and create meaningful moments together.” Reports USA Today.

WHP Global announced that manages big brands has acquired a controlling interest in Tru Kids   which is  the parent company of the Toys R Us and Babies R Us brands. The brands assets including all intellectual property of Toys R Us were  purchased after it filed for Chapter 11 bankruptcy protection in September 2017.

Putman Investments to purchase Toys’R’Us and Babies’R’Us Canada. “Toys’R’Us and Babies’R’Us are extremely strong brands that have been in great hands over the past three years,” says Doug Putman, founder of Putman Investments. “Since its split from the U.S., we’ve watched the way in which the company has grown and focused on the Canadian customer. Much has been achieved and we’re excited to help to drive the business forward.”

“We are pleased to announce our sale of the retail operations of Toys’R’Us Canada to Doug Putman,” said Prem Watsa, Chairman and Chief Executive Officer of Fairfax. “The transaction continues the implementation of the monetization plan for certain non-insurance holdings of Fairfax. Fairfax retains substantially all of the real estate acquired in our original purchase of Toys’R’Us Canada and, through a continuing royalty stream, we are provided with an opportunity to benefit over time in the future success of the business. This transaction would not have been possible without the steady and sound leadership of Vic Bertrand and his management team at Toys’R’Us Canada, and we are very thankful for all of their efforts to build the Toys’R’Us Canada brand.”

 

Nata Dbir, Macy’s chief merchandising officer said that Macy’s toy business grew exponentially in the past year and the new partnership with Toys R Us would allow the retailer to significantly expand their footprint in this category. The company hopes that shoppers would visit Macy’s looking for toys and would pick up a few more items as they shop in their more than 400 stores.

During a conference call on Thursday, CEO Jeff Gennette said that they were targeting the millennial mom. He mentioned that these moms often bought other high margin merchandise when they visited Macy’s to shop for children’s toys. The store-within-a-store has been a successful concept among many retailers and Macy’s is joining in to reap the benefits.  New customers online helped Macy’s second quarter earnings and sales soar above analysts’ predictions. The company has also raised its fiscal 2021 outlook after its robust sales and earnings in the quarter.

 

Macy’s will power the Toys R Us website, according to the agreement. Earlier, Target had powered the toy chain but that agreement broke in July 2020.  Earlier this year,   WHP Global which is a brand management company, bought a controlling interest in Tru Kids which controls brands such as

  • Toys R Us
  • Babies R Us
  • Geoffrey the Giraffe.

Tru Kids Inc. had bought Toys R Us in a liquidation sale in 2018. It tried to revive the in-store concept for the brand and opened two stores in New Jersey and Texas in 2019 but those stores were closed reportedly as a result of the COVID-19 pandemic.   There has been no mention about the duration of the partnership between Macy’s and Toys R Us. Both the brands will currently gain from the joint venture as of now.

 

 

 

Image Mike Mozart

Comcast and Viacom CBS come together in Europe to debut new streaming service

 

On Wednesday, Comcast Corp. and Viacom CBS Inc. announced that they have decided to join together and launch a new streaming service in Europe. The new service will be called SkyShowTime. The two networks decided that coming together would be more cost effective in certain global markets. The two companies have equal investments and joint control. Shares of Viacom CBS saw a 4 percent rise at 9.45 a.m. ET while Comcast shares remained the same.

 

Both NBCUniversal and Viacom CBS are far behind other streaming platforms. Netflix, Disney and Amazon have much higher subscriptions. Breaking into the European market would not be easy. So, the two giants decided to join together and forge a new partnership with equal investment and control. This decision was made as they realized that there wasn’t a large enough subscriber base for multiple products.

 

SkyShowTime will stream programs that are produced by both the companies’ studios and channels. It will also stream shows produced by the companies’ streaming services – Peacock and Paramount+. However, no details on the shows or the movies that will be streamed has been provided to date.

 

SkyShowTime is expected to debut in Europe in 2022. It will be streamed in over 20 European markets including Spain, Portugal and Holland but its cost and other details have not as yet been released. The pricing will differ according to the markets but will remain competitive with other products in the same market. Further information will be released after the new company gets regulatory approval.

 

SkyShowTime will stream new as well as previously released TV shows as well as movies. It is expected to have over 10,000 hours of content from

 

  • Sky Studios
  • NBC Universal
  • Showtime
  • Nickelodeon
  • Paramount Pictures
  • Paramount+ Originals.

 

The new streaming platform will run on NBCUniversal’s existing platform. The Sky brand was chosen for its name recognition in Europe, according to a source.

Author Ajay Suresh

Data of 40 million plus exposed in latest T-Mobile breach

 

 

Under the latest data breach for T-Mobile customers,    names, Social Security numbers and driver’s licenses information and  uses of ID for  over  40 million people who applied for T-Mobile credit were exposed.

 

Also exposed were the 7.8 million customers of T-Mobile that currently used the service on a monthly basis. Their data was also compromised. Fortunately, account numbers pin and passwords or bank financial information for almost 50 million records of account holders at T-Mobile were not compromised.

T-Mobile reported on Wednesday and confirmed that almost 150,000 T-Mobile prepaid customers information such as phone numbers, account pins, names were exposed in the data breach. T-Mobile is actively resetting all the pins on these accounts for its users. Boost customers and previously Sprint prepaid customers and metro by T-Mobile customers did not have their names and pins exposed in the data breach.

T-Mobile will be giving all customers two years of free identity protection. All customers were alerted to change their pin numbers while the investigation is still going on.

7.8 million current T-Mobile customers who pay monthly for phone service also appears to have been  compromised. No phone numbers, account numbers, PINs, passwords, or financial information from the nearly  50 million records and accounts were  compromised, T-Mobile said.

Image Mike Mozart

Housing starts fall in July due to tight supply lines

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Rising  home prices are one of the factors  contributing to drag on new construction.

Mike Fratantoni, the Mortgage Bankers Association‘s chief economist reported, “There are now 690,000 single-family homes under construction — the largest number since 2007. This is clearly a positive sign given the remarkably low levels of inventory on the market.”

Pending Home Sales for July 2021 will be released on Monday, August 30, 2021, at 10:00 a.m. Eastern.

Existing-Home Sales for July 2021 will be released on Monday, August 23rd, 2021, at 10:00 a.m. Eastern.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly

announced the following new residential construction statistics for July 2021:

NEW RESIDENTIAL CONSTRUCTION JULY 2021

Building Permits: 1,635,000

Housing Starts: 1,534,000

Housing Completions: 1,391,000

Next Release:   September 21, 2021

Seasonally Adjusted Annual Rate (SAAR)

Source:   U.S. Census Bureau, HUD, August 18, 2021

Building Permits

Privately‐owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of   1,635,000.   This is 2.6 percent ( ±0.9 percent) above the revised June rate of 1,594,000 and is 6.0 percent ( ±0.9   percent) above the July 2020 rate of 1,542,000.   Single‐family authorizations in July were at a rate of 1,048,000; this   is 1.7 percent ( ±0.8 percent) below the revised June figure of 1,066,000.   Authorizations of units in buildings with five units or more were at a rate of 532,000 in July.

Housing Starts

Privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,534,000.   This is 7.0 percent   ( ±8.9 percent)* below the revised June estimate of 1,650,000 but is 2.5 percent ( ±10.9 percent)* above the July 2020 rate of 1,497,000.   Single‐family housing starts in July were at a rate of 1,111,000; this is 4.5 percent ( ±9.9 percent)* below the revised June figure of 1,163,000. The July rate for units in buildings with five units or more was 412,000.

Housing Completions

Privately‐owned housing completions in July were at a seasonally adjusted annual rate of 1,391,000.   This is 5.6percent ( ±16.4 percent)* above the revised June estimate of 1,317,000 and is 3.8 percent ( ±14.4 percent)* above the July 2020 rate of 1,340,000.   Single‐family housing completions in July were at a rate of 954,000; this is 3.6 percent ( ±16.1 percent)* above the revised June rate of 921,000. The July rate for units in buildings with five units or more was 426,000.

OAN loses defamation appeal against MSNBC and Maddow, to pay at least $250,000 legal fees

On Tuesday, right-wing network One America News (OAN) lost an appeal of the defamation suit it had filed against MSNBC and host Rachel Maddow. A panel upheld a previous ruling by a federal court. The court had not only ruled against the fringe network but had also told the plaintiffs to pay $250,000 as the legal fees of the defendants.

 

In July 2019, OAN sued Maddow for $10 million claiming that her remarks on her show were “malicious and false.” She had called the Trump boosting network “paid Russian propaganda.”

 

Maddow had based her comments on a Daily Beast story which had detailed the way OAN had employed Kristian Rouz, who worked with Sputnik, a news outlet owned by Kremlin, at the same time. Sputnik News is known for its Russian-backed propaganda.

 

MSNBC’s lawyers noted that their host’s remarks should be classified as “protected opinion based on disclosed facts.” They added that her commentary had made a specific mention that the OAN reporter was paid by Sputnik.

 

In May 2020, U.S. District Judge Cynthia Bashant said that there weren’t any facts from OAN that could support a defamation claim based on Maddow’s statement. The judge also noted that OAN never alleged that the facts that were presented in the report by the Daily Beast were defamatory, nor did they dispute any underlying facts that were presented in the program by Maddow.

 

In February, the court permanently dismissed the case and gave MSNBC a total of $247,667.50 as legal fees. The network had asked the court for $350,000 in legal fees.

 

In February, OAN president Charles Herring had said that he was confident that the network would win its appeal. He also said that he was happy that the legal fees had been reduced by the court. However, after Tuesday’s loss, the right-wing network might pay a larger amount in legal fees for lengthening the process in court.

 

The Daily Beast contacted OAN after they lost the appeal but have not as yet received a response while MSNBC declined to comment.

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New York City requires vaccine proof for indoor dining, entertainment, gyms and more

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On Tuesday, people in New York City were asked to show proof of vaccines to enter restaurants, museums, gyms, and other indoor entertainment venues. Two weeks ago, Mayor Bill de Blasio had announced the requirements of vaccination proof for those who wished to utilize indoor public facilities. Customers had to provide proof that they had taken at least one dose of the vaccine.

 

Many of the restaurants and bars have embraced the move as they wish to keep their establishments open. They remember the pain and losses of lockdowns and do not wish for the return of such measures. They believe that it is better to follow the mandates and keep their businesses open.

 

Many restaurants and gyms have begun asking for vaccine proof on Tuesday and most of them say that a majority of their customers or members are relieved that they are in a safe environment. However, they say that they have an occasional aggressive customer or member who complains and is non-compliant.

 

Since the spread of the delta variant, New York City has seen an upsurge in cases. There have been more than 2000 new cases of COVID-19 from the past seven days. In late June, there were about 200 cases per day.

 

On Tuesday, the city also launched a media blitz where Mayor de Blasio said that approximately 100 vaccine sites will be made available at gyms and other public venues. The city will provide about 600 canvassers to help the process.

 

After New York City, Los Angeles and San Francisco have also mandated vaccine proof, with San Francisco asking those who wish to use indoor public places to be fully vaccinated.

 

Although all these cities have taken a good initiative to improve and safeguard the health of their residents there has also been a downside as there has been a proliferation of false vaccine cards available via social media or through imports.   Vaccine cards made in China have been seized by Border Patrol agency. Falsifying documents is a federal and state offense and can attract criminal charges.

Analyst warns China could align with Taliban to mine rare earth minerals in Afghanistan

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The Taliban has just taken over Kabul and Beijing was ready to accept the regime change for several reasons include cooperation to gain access to Afghanistan’s rare earth metals that are estimated to have a value of up to $3 trillion in 2020.

 

Hours after Taliban took over Afghanistan, China’s foreign ministry spokeswoman said that the country was looking forward to “friendly cooperation with Afghanistan.” Earlier, China’s Foreign Minister Wang Yi met Mullah Abdul Ghani Baradar, head of Taliban’s political committee and his team in Tianjin.

 

On Tuesday, Shamaila Khan, Director of Emerging Market Debt, AllianceBerstein told CNN’s “Squawk Box Asia that it should be an international initiative to make sure that Afghanistan was agreeing to exploit its minerals on behalf of Taliban that it would do so under strict humanitarian conditions, where human rights, and rights for women were preserved.

She said that there should be pressure on China if they were going to form alliances with Taliban in order to generate   economic aid for them.

Khan had responded to a question about the commercial motivation behind China’s acceptance of Taliban, considering the trillions of dollars of rare earth metals present in Afghanistan.

Khan has analyzed the situation, but the ground reality remains that China is the biggest owner of rare earth metals and will look to fortify its position. It had already threatened to cut off rare earth minerals during its 2019 trade war with the U.S.

On August 15, The Global Times published an article where Chinese experts said that it was “totally groundless” to speculate that China might sent troops after the U.S. withdrawal. However, the tabloid said that China could contribute to “post-war reconstruction and development.”

Beijing would also push forward projects under its Belt and Road Initiative (BRI). The BRI is an infrastructure investment plan that proposes to link China, Central Asia, Africa and Europe through rail, road, sea, and other links.

Afghanistan has rare earth elements such as:

  • cerium
  • lanthanum
  • neodymium
  • aluminum
  • gold
  • silver
  • zinc
  • mercury

These rare earth minerals are a huge asset for Afghanistan. China might ensure that it would extend all possible help to Afghanistan to mine these metals. It would do so in order to increase its already massive dominant market share reserves of rare earth minerals it already possesses.

 

Rare earth minerals are used in the manufacture of:

  • high-tech devices
  • defense
  • automobiles
  • clean energy equipment

Image

 

Chris Cuomo told viewers on his CNN show he asked brother Andrew Cuomo to resign

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On Monday, Chris Cuomo, popular anchor, and host of the “Cuomo Prime Time” show on CNN, addressed the allegations of sexual abuse against his brother Andrew Cuomo who resigned from the post of Governor of New York on August 10 and will be stepping down in a week’s time.

 

Returning from a weeklong regularly scheduled vacation after the report of the Governor’s sexual harassment and his subsequent resignation were released, Chris Cuomo said that he had advised his brother to resign. He said that he told his brother that his intentions did not matter. What mattered was how his “actions and words were perceived.”

 

Cuomo also said that he had never misled anyone about the information that he delivered or did not deliver on his program. He also said that he had never influenced or attempted to influence CNN’s coverage of his family.

 

Cuomo also said that he had never attacked or encouraged anyone to attack any of the women who had come forward and laid allegations against Andrew Cuomo.

 

However, he had been called out earlier by a report in the Washington Post which showed that he had   participated in calls with Andrew Cuomo’s staff to build strategies to combat the harassment charges.

Chris Cuomo said that he had stopped communicating with the staff after his CNN bosses told him to do so.

 

He noted that it was a mistake and he said that he had apologized to colleagues, and he had stopped and that he meant it. He also said that being a brother to a politician in scandal as well as being a part of media was a unique situation and he tried to do the right thing.

 

Governor Andrew Cuomo’s scandals created a tight rope walk for CNN. President Jeff Zucker supported his top-rated host Chris Cuomo, despite upsetting colleagues and others.

 

Earlier in the year, Chris Cuomo had interviewed his brother when Governor Cuomo was earning plaudits for his adept handling of the coronavirus crisis in New York, and this garnered criticism against CNN. However, Chris Cuomo mentioned that the joint appearances of the Cuomo brothers stopped before the scandal of the state underreporting nursing home deaths broke in February.

 

Chris Cuomo’s statement, after 54 minutes of his show, was the longest he has ever spoken about the issue. He also said that he would not discuss issues regarding Andrew Cuomo again.

Image Delta News Hub