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Home Blog Page 10995

Walmart Company Policies Employee Protest – CWEB.com

 

 

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Walmart Company Policies Employee Protest – CWEB.com

Dear Walmart Employees, Nobody is stopping you from shopping your formidable skillset out to other employers. If you believe you’re worth more than Walmart is paying you, then go out and get it.

What WalMart does is good for America, it provides jobs for the most people with the least skill-set and allows people the opportunity to get better jobs, either through further education or staying with company and getting promotions. It also lowers the cost of living and it keeps the market competitive.

Walmart employs 1% of the U.S population 1.4 million people. They’ve got some good paying jobs like that DC in Mebane. Everybody there makes at least $30,000+ a year but you can’t really expect to make a living being a cashier at Walmart. You’re gonna have to keep moving up.

Michael Vick NFL Coach – CWEB.com

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Michael Vick NFL Coach – CWEB.com

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Four-time Pro Bowl quarterback Michael Vick, who officially retired this offseason, would like to return to the NFL — as a coach.

“I would love to coach in the National Football League one day,” Vick told ESPN’s Adam Schefter on his ” Know Them From Adam” podcast. “…

At some point, I’d definitely love to help work with young quarterbacks and develop them and still compete, you know, with the team and with the coaches.

Most rushing yards by a QB in NFL history. Does he have the goods to be a coach at the highest level?

Ken Jennings Barron Trump – CWEB.com

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Ken Jennings Barron Trump – CWEB.com

Do you understand yet? Nothing and I mean NOTHING is too much when it comes to destroying everything Trump…children included. When something so horrific as the Kathy Griffin photo comes out, there’s another Looser  ready and willing to double down on the hatred. Shame is a word not found in the  Ken Jennings dictionary.

 

Mr Met New York Mets Apology – CWEB.com

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Mr Met New York Mets Apology – CWEB.com

Yesterday Mr. Met made an obscene gesture at fans during Wednesday night’s contest, and the Mets said the person in that role during Wednesday’s game will not work in that costume again.

Former Fox News Anchor Megyn Kelly Debuts New TV Show on NBC Sunday Nights

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Megyn Kelly who left Fox News over the Roger Ailes scandal returns to television.

She will be hosting the prime time Sunday night time frame, at 7 PM on NBC with her new show, “Sunday Night” with Megyn Kelly.” It premieres this Sunday, June 4th, 2017. She will be interviewing President Vladimir Putin in a segment of the show.

The show will be up against the popular show “60 Minutes” which also airs on the CBS Network at 7:00 PM.  Kelly is slotted for a morning show, yet to still be announced.

By: Leslie Cohen

Lebron James Home Vandalized – CWEB.com

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Lebron James Home Vandalized – CWEB.com

Today it was reported that a  West Los Angeles home owned by LeBron James was vandalized, and a racial slur was painted on the gate.

Someone painting the N-word on the front gate of the best athlete of our generation. A man that came from nothing but has won 3 NBA Championships, 4 NBA MVPs, 3 Finals MVPs, & 2 Olympic gold metals. A man that was named one of the top 100 most influential in the world just this year due to his profound humanitarian work mainly for our youth. Not to mention he’s the main person that most of the world cannot wait to watch in the most anticipated finals yet.

 

Jetblue Flight Facial Recognition Boarding – CWEB.com

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Jetblue Flight Facial Recognition Boarding – CWEB.com

Jet Blue informed that passengers will step up to a camera, and the kiosk will compare the facial scan to passport photos in the U.S. customs database to confirm the match. (You still have to bring your passport.) A screen above the camera will let passengers know when they’re cleared to board.

Little Mermaid Red Paint Whale Hunting – CWEB.com

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Little Mermaid Red Paint Whale Hunting – CWEB.com

Denmark’s most famous symbol is the little mermaid sitting on a rock on the Langelinie promenade in the harbor.

This week the statue was covered in red paint to symbolize the blood of the thousands of pilot whales and dolphins massacred in the Danish Faroe Islands. The statement ‘Danmark Defend the Whales of the Faroe Islands’ was painted onto the promenade

Amazon Stock Shares – CWEB.com

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Amazon Stock Shares – CWEB.com

Hey was anyone wise enough to buy amazon stock in 1997 for $18 a share? That same $18 share is worth $958 a share today.  Amazon began trading at $18.00 per share on May 15, 1997.

Amazon  stock topped $1,000 for the first time.

That price puts Amazon’s market value at $478 billion, double that of rival Wal-Mart and more than 15 times the size of Target. And its four-digit stock price places it in rare company: Only four other U.S.-listed companies have shares that trade above $1,000.

 

Don’t Buy Etsy ( NASDQ : Etsy) Citi Issues A Warning – CWEB.com

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market-crash.jpgDon’t Buy Etsy ( NASDQ : Etsy) Citi Issues A Warning – CWEB.com

Etsy Stock Price on Alert

Shares of Etsy Inc. were at an all-time low of $8.40 per share immediately following the company’s earnings report in early May, missing analyst estimates.

Citi analyst Mark Kelley feels Etsy is only worth $7.00 per share. “The market is hoping for near-term M&A, but holding on to this thinking could disappoint investors,” Kelley noted.

When the stock first went public on the NASDAQ in 2015, it had a market value of more than $3 billion. In the two years that followed, the stock fell 63 percent. The stock slide down from 44 percent in the first quarter of 2015 to 25 percent in the last quarter of 2016.

With an activist investor campaign and thinking a new management team could result in a potential sale of the company. Shares did rebound this May 2017, etching up to $13 per share as investors became optimistic thinking the company still had room to grow.

Etsy has been under pressure to slash its costs by its active investors as well as Black-and-White Capital LP, which owns two percent of the company. It wants Etsy to cut spending and step up its sales growth to get the stock price higher, potentially placing it in a lucrative position for an acquisition.

Etsy Under Pressure

Etsy is not out of the woods yet. As the company received pressure form investor Black-and-White Capital LP, CEO Chad Dickerson is out and being replaced by Josh Silverman, an Etsy board member who was the former CEO of Skype, and eBay’s Shopping.com. The company has terminated eight percent of its workforce. It recently slashed its intern program just two weeks before its start. The interns were to earn about $6,000 a month for the summer internship program.

Etsy, being focused mainly as a handcraft goods website was geared towards independent sellers. Their listings were flooded with people who handmade things for sale such as quilts, jewelry, clothing, and goods for the home. No manufactured goods were allowed and sellers had to adhere to a policy of selling goods that they actually crafted themselves and were not manufactured in mass production lines.

Etsy was now under pressure to meet its sales targets. Popular selling items were copied and listed by new sellers that were producing mass-produced goods which was against Etsy’s true core policy’s that it developed its brand image for- handmade, handcrafted goods from independent sellers. Artisan works started to get devalued as Etsy became a more competitive and cheapened landscape of selling goods. Etsy closed 4,500 shops for IP violations shutting out further potential of revenue for the company’s bottom line. Some of the items sold on Etsy are no longer hand made you can see in the Pet section and the Jewelry section respectfully.

Etsy’s Frivolous Spending Habits

So where did Etsy spend its capital, and where did it focus on revenue?

Etsy currently signed a 10- year lease in 2016 in a building in Brooklyn, New York and occupies nine floors and 200,000 square feet of office space in a building now owned by the Kushner’s. It has been reported that they spent about 40 million dollars on the buildout renovation project.

The global architecture firm Gensler designed Etsy’s new office, adhering to the Living Building Challenge (LBC) which maintains strict green building guidelines.

ETSY Price Chart

ETSY Price data by YCharts The modern open air space even has a breathing room, a yoga room, a crafts room, an area where they can play with a 3-D printer, and a plant wall that is fed by rainwater from the roof.

Etsy’s commitment to feeding its employees catered food twice a week by some of the most expensive chef’s from socially conscious local high-end restaurants is just one of its perks. Its entire office surroundings and culture are about sustainable food and green conscious natural living in its environment

Handmade Goods Really at Peril

Etsy’s failing sales growth can be faced with competition from Amazon and Ebay looking to duplicate the popular handmade craft market by installing new handmade market place offerings to sellers. Amazon takes aim at Etsy offering sellers “Handmade at Amazon” a new store on Amazon.com offering handmade goods. It also added the popular “Wedding Store” to the “Handmade at Amazon” “US consumers spend $55 billion per year on goods and services related to weddings, according to IBISWorld” quoted by Jonathan Camhi author of the Business Insider article – “Amazon takes aim at Etsy”.

Who Could Acquire Etsy?

Etsy holds a B Corporation status. Benefit Corporations are companies that want to represent themselves with the interest in representing itself with a commitment to sustainable practices. The company must continually provide for the public good and release reports on its social impact.

In a Blomberg article written by Mark Chatkin and Jing Cao states “Public-market B Corps are rare because investors hate them.” As part of the certification, a company must reject the shareholder valuation model and, eventually, reincorporate as a “public-benefit corporation.” To keep its B Corp seal, Etsy will have to commit to reincorporating this summer.

Shareholders will place pressure on the company as it demands increased profits and shareholder value. Under the company’s Irish subsidy registration, it does not have to disclose corporate profits in Ireland, taking away profits, and channeling away from the U.S corporate division, along with a lower tax rate structure.

Esty’s B Corporation Status Triggers Complaints in its avoidance to pay taxes.

As mentioned in B- Lab

“During Etsy’s recertification process, several articles were published regarding Etsy’s tax practices, which spurred public complaints to B Lab. B Lab management deemed these complaints to be material, credible, and specific, and therefore initiated a formal investigation consistent with B Lab’s Complaints Process. Upon completion of this investigation, B Lab’s independent Standards Advisory Council determined that Etsy was eligible for recertification contingent upon additional public disclosure of their tax strategy and practices.”

A public-benefit corporation can get sued for wasting shareholder money just like a normal public company can, but it can also be sued for being a poor steward of the environment or for failing to pay a fair wage.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Author:
Leslie Cohen
Managing Editor