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☆ America's Plastic Catastrophe: Most Waste Can't Be Recycled
▼ + stars: | 2024-04-24 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +14 min

It's an urgent question — what do we do with the 40 million tons of plastic waste we produce annually? One year of plastic waste is roughly enough to smother the entirety of Manhattan a meter deep, and it has to go somewhere. For decades, America sent its plastic waste to countries like China and Indonesia. Unlike aluminum or glass, the plastic that can be recycled rarely results in replacing one recycled water bottle with another. By downcycling a tiny portion of plastic waste, companies can genuinely reuse a relatively small share of plastic, while convincing consumers that the industry has created a circular economy of infinitely recycled plastic.

Persons: Kartik Byma, they're, Tim Miller, Susan Freinkel, Nestlé, Lea Suzuki, Larry Thomas, what's, Taylor Dorrell, Biden, that's, Taylor, Miller, Kelley Sayre, Vicky Abou, it's, Mike Bloomberg, Bloomberg, Espen Barth Eide, Norway's, Abou, It's Organizations: Getty, America, Chevron, Exxon, Paper Stock, Plastics Industry Association, Organization for Economic Co, San Francisco, NPR, International Energy Agency, ExxonMobil, Alterra Energy, National Renewable Energy Laboratory, Royal Paper Stock, Akron, Buckeye Environmental, Business, Eastman Chemical Co, American Chemistry Council, New, Beyond Plastics, UN, Buckeye Environmental Network Locations: America, Manhattan, China, Thailand, Malaysia, Indonesia, AFP, Ohio, American, San Francisco, Akron, Taylor Dorrell Akron , Ohio, United States, Oregon, New York City

☆ Bloomberg Businessweek to Go Monthly
▼ + stars: | 2023-11-30 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

Bloomberg Businessweek, a weekly magazine for the past 94 years, is going monthly, the company told staff members on Thursday. There was no indication in the memo that the Businessweek name would change. “But we see demand in both digital and print for the ambitious long-form journalism Businessweek is now well known for.”Businessweek was a struggling brand when Bloomberg bought it in 2009. The company renamed the magazine Bloomberg Businessweek, and its bold and provocative covers generated a surge of renewed interest. But it has not avoided the persistent headwinds facing all print publications, including ever-declining circulation and lower advertising revenue.

Persons: David Merritt, Katie Boyce, ” Organizations: Bloomberg Businessweek, The New York Times, Businessweek, ” Businessweek, Bloomberg

☆ A value fund manager who's beaten 99% of his peers in the last three years explains how he avoids bad investments — and makes the case for 3 stocks he loves heading into 2024
▼ + stars: | 2023-11-05 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The 31-year market veteran has achieved enviable results since the start of 2005 while running the BNY Mellon Dynamic Value Fund (DAGVX) alongside co-manager Brian Ferguson. How to invest — and common mistakes to avoidLike all value fund managers, Bailer refuses to overpay for stocks — regardless of how enticing their businesses look. "It's a philosophy that's based on looking for stocks with great valuations, but not stopping with great valuations," Bailer said. Companies in the BNY Mellon Dynamic Value Fund must have both quality fundamentals and improving business momentum, Bailer said. The six largest stocks in the BNY Mellon Dynamic Value Fund were in one of two sectors, as of September 30: financials and healthcare.

Persons: John Bailer, Brian Ferguson, it's, Bailer, we've, headwinds, they've, he's, Warren Buffett, Berkshire Hathaway, Buffett, Charlie Munger Organizations: Value Fund, Companies, Value, Firms, Berkshire, JPMorgan Locations: Berkshire

☆ At unicorn startup Carta, a culture of absolute fealty to an erratic and vindictive CEO, employees say
▼ + stars: | 2023-10-24 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +17 min

Both men remained valued employees at Carta, with the sales representative even getting promoted just weeks after the alleged "helicopter penis" incident, according to former employees. CEO Henry Ward cofounded Carta, originally called eShares, in 2012 as a service for startups to digitize their paper stock certificates. Today Carta helps startups track their investors, employees manage their equity awards, and venture capitalists administer their funds. The lawsuit says that 10 days after Rogers filed her complaint, Ward "began treating Ms. Rogers in an aggressive and demeaning manner during several meetings." Many of the employees who have spoken out publicly about Carta and Ward have found themselves embroiled in expensive legal battles.

Persons: Lisa Whittaker, Whittaker, Jerry Talton, David Kim, Andrea Lamari, Kim, Henry Ward, Andreessen Horowitz, Ward, Henry, Alex Kurland, Carta, Peter Thiel, Simon Cowell, Talton's, Suzanne Elovic, Elovic, Lamari, Jeff Perry, Perry, salespeople, JT Goodman, Goodman, Goodman didn't, Jeff Perrry, Allie Rogers, Rogers, Rodgers, Rachel Mayes, Ward doesn't, Mayes, Jeff, Jeff Perry countersued, Orrick Herrington, Sutcliffe, Kleiner Perkins, Ellen Pao, Amanda Sheets, Sheets, Pushback, Lindauer, Whitaker, Whittaker wasn't, Barbara Byrne, Byrne, Talton, Joe Osnoss, Osnoss, Heidi Johnson, Johnson Organizations: Carta, UBS, Gold Club, Lightspeed, California Civil Rights Department, Meritech, YouTube, Win, York Stock Exchange, San, San Francisco Superior, San Francisco Superior Court, Barclays, Lehman Brothers, Montana Human Rights Bureau Locations: San Francisco, Brazil, Silicon Valley, California, Palo, Iranian, Lindauer, Silver, Montana

☆ How Manga Was Translated for America
▼ + stars: | 2023-07-14 | by ( Gabriel Gianordoli | Robert Ito | ) www.nytimes.com time to read: +1 min

Since manga was first introduced to the U.S. in the 1980s, American companies have wrestled with how to adapt the genre for their readers. The history of manga translation in the U.S. has been one of fits and starts, as publishers grappled with questions about how to present it to fans outside of Japan. Striking the right balance is tricky, said Frederik L. Schodt, one of the early translators of manga and the author of “Manga! : The World of Japanese Comics,” a groundbreaking work in the field of manga studies. “Readers in English should be able to enjoy the story without thinking about it being a translation,” he said.

Persons: Frederik L, ” Organizations: Comics Locations: U.S, Japan

☆ Yacht maker’s Italy pivot shows the way for Prada
▼ + stars: | 2023-06-08 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, June 8 (Reuters Breakingviews) - Chinese-owned yacht maker Ferretti is testing uncharted waters. Prada shares have been trading exclusively in the Asian financial centre since the company’s 2011 initial public offering. For Ferretti, Hong Kong has provided a helpful springboard. Ferretti shares trade at 12 times expected net earnings of 78 million euros this year, lower than Milan-listed rival Sanlorenzo’s (SNL.MI) 15 times multiple. In Hong Kong many shares still exist as physical certificates; these are traded electronically only after being deposited in a centralised system.

Persons: Ferretti, Riva speedboats, Prada, Miuccia Prada, Patrizio, Alberto Galassi, Sanlorenzo’s, Lorenzo Bertelli, Lisa Jucca, Oliver Taslic Organizations: Reuters, Hollywood, Weichai Group, Reuters Graphics Reuters, Weichai, Ferretti International Holding SpA, Hong Kong Stock Exchange, Thomson Locations: Hong Kong, Milan, Italy, China, China’s

☆ $7 billion startup Carta has been embroiled in multiple lawsuits with former employees. Allegations in legal documents depict a CEO who can be retaliatory and volatile.
▼ + stars: | 2023-02-21 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +11 min

Carta, a Silicon Valley darling valued at more than $7 billion, has been embroiled in multiple lawsuits with former employees that named Henry Ward, its CEO and cofounder. Meanwhile, the company is separately suing Jerry Talton, the chief technology officer whom it fired and who was deposed as a witness in the Kramer case. Carta alleges he made secret recordings of company executives and shared them with former female employees who were in legal disputes with the company. And now that the Kramer case has been settled, the complaints from other employees included in the lawsuit may never see the light of day. Lawyers for Talton are expected to file an answer to the company's lawsuit by March 15.

☆ Microsoft plans to start using AI tech to write emails for salespeople, and it's not hard to see why
▼ + stars: | 2023-02-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

Microsoft plans to use artificial intelligence from ChatGPT maker OpenAI to write emails for people. This new tech is to be deployed in Viva Sales, Microsoft's sales app launched in October, that manages customer information and uses AI to scan calls and emails with clients. My company needs 20,000 reams next month, and we have a budget of $100,000. ChatGPT responded like so:Dear Jerry, Thank you for your interest in ordering paper from Dumble Muffin. Best regards, Mike WazowskiSales Representative, Dumble MuffinWe had "Jerry" respond by adding a few more details and a request for a suggestion.

☆ Stocks making the biggest moves midday: Meta, Maxar Technologies, Ford, Goldman Sachs and more
▼ + stars: | 2022-12-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Goldman Sachs shares slumped 1% amid news that the Wall Street firm will cut up to 8% of its workforce. The layoffs are slated to come in January and hit all areas of the Wall Street firm, CNBC reported, citing people familiar with the matter. The Wall Street firm cited recent underperformance in net adds as well as growing macro headwinds to advertising revenues. Lincoln National — Shares dropped more than 4% after Lincoln National was downgraded to underperform from hold at Jefferies, according to StreetAccount. JD.com and Alibaba shares rose more than 1% .

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