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☆ Harvard’s antisemitism and anti-Muslim task forces urge the university: Act soon
▼ + stars: | 2024-06-26 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Two presidential task forces formed to recommend how Harvard can combat antisemitism and anti-Muslim, anti-Arab and anti-Palestinian activity on campus have spoken: Harvard needs to act now. Harvard needs to do more work to promote diversity education and promote multiple perspectives on campus, the task force chairs recommended. The antisemitism task force sought to get Harvard to clarify its values, act against discrimination and hate, improve the university’s disciplinary process, promote dialogue and training on the topic and support Jewish life on campus. Alan Garber, Harvard’s interim president, said he appreciated the recommendations and the task forces’ candor. And the House Education Committee lambasted the university for its response to a subpoena seeking information on how it handled campus protests.

Persons: Harvard’s, ”, Derek Penslar, Ali Asani, Alan Garber, ’ candor, ” Garber, “, Claudine Gay Organizations: CNN, Harvard, ” Harvard, Defamation League Locations: Israel, Gaza

☆ YouTube dominates streaming, forcing media companies to decide whether it's friend or foe
▼ + stars: | 2024-06-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +15 min

But media companies such as Netflix, Disney and Warner Bros. Those competing truths have led media and entertainment companies to concoct a wide array of strategies to combat the growing threat. John Lamparski | Getty ImagesEarlier this year, YouTube Chief Executive Officer Neal Mohan announced that users watch more than 1 billion hours of YouTube content on TV screens each day. Disney has made bespoke YouTube content for its new preschool series "Disney Junior's Ariel," which debuts June 27, to introduce the mermaid character to kids. That's YouTube 2.0."

Persons: Rich Greenfield, it's, Tara Walpert Levy, Nielsen, John Lamparski, Neal Mohan, Michael Nathanson, Kevin Mayer, Disney, Brittany Broski, LightShed's Greenfield, isn't, John Keeble, Mayer, That's, Ariel, Winnie, " Mayer, NBCUniversal, NBCUniversal's, Nathanson, MrBeast, Jimmy Donaldson, Monica Schipper, we've, Broski, David Livingston, incentivizes, Michelle Khare, Gilbert Flores Organizations: Alphabet's YouTube, Hollywood, YouTube, it's, Netflix, Disney, Warner Bros, Getty, Google, Comcast, Media, ExCel, Entertainment, Bloomberg, Amazon, Nickelodeon, HBO, Penske Media Locations: U.S, —, York, Hollywood, London, That's, Los Angeles, Brittany, Anaheim , California, AdSense

☆ I worked in China for 8 years. These 3 differences set the work culture apart from the Western world.
▼ + stars: | 2024-06-25 | by ( Isabelle Aron | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Sue Campbell, 58, about relocating to China for work. I was often the liaison between international clients and the team in China, helping everyone understand each other better. Employees in China were very conscious of their place in the company hierarchyHierarchies were very apparent in Chinese work culture. In China, people seemed to take pride in their work and I think they didn't want to make themselves look bad. If anybody has the chance to work in Asia, I'd recommend it.

Persons: —, Sue Campbell, Louis Vuitton, I'd, who'd, KIND2 Organizations: Service, Louis, Business, consultancy's, Employees Locations: China, Hong Kong, Asia, Shanghai, Australia, consultancy's Asia

☆ Amazon says Prime Day will run July 16 and 17
▼ + stars: | 2024-06-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon 's Prime Day megasale will return on July 16 and 17, the company announced Tuesday. Amazon launched Prime Day in 2015 as a way to offer discounts exclusively to members of its mainstay subscription program. The event is also a big revenue driver for other retailers, who often hold competing events during or around Prime Day. Walmart on Tuesday announced its own "Walmart Deals" event that runs July 8 through July 11. WATCH: Amazon Prime Video drives down ad prices for competitors

Persons: Amazon Organizations: Amazon, Walmart, Amazon's, Adobe Analytics Locations: New York, U.S

☆ The fertility crisis is here and it will permanently alter the economy
▼ + stars: | 2024-06-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

In the 1960s, there were six people of working age for every retired person, according to the World Economic Forum. “What you’re seeing is increased spending on programs like Medicare and Social Security as the baby boomers are aging into those programs. And then of course, fewer workers relative to the number of people who are receiving Social Security and Medicare benefits,” said Dahl. Social Security payments still provide about 90% of income for more than a quarter of older adults in the United States, according to Social Security Agency surveys. But without intervention, the Social Security trust fund will be depleted by the mid-2030s, meaning that only a portion of retirees’ expected benefits will be paid out.

Persons: it’s, Louis, Simona Paravani, ”, Elon Musk, Kimberly, Clark, Mark Schneider, he’s, Emmanuel Macron, Donald Trump, Molly Dahl, Dahl, Eric Schmidt, ” Schmidt, Goldman Sachs, Stefano Scarpetta, Li Qiang, Juliana Liu, Joyce Jiang, Li, China’s, Xi Jinping, Biden, Max Prosecutors, haven’t, Max, Read Organizations: London CNN, Organisation for Economic Co, Development, Economic, Federal Reserve Bank of St, BlackRock, Disease Control, Congressional Budget Office, CBO, Social Security, Social, Social Security Agency, Google, Summit, Federal Reserve Bank of Richmond, OECD, ” Companies, West Chinese, CNN, EV, Prosecutors, Boeing, Max, US Justice Department, Alaska Air, Justice Department, Federal Aviation Administration Locations: Chad, Niger, Somalia, Samoa, Tonga, Tajikistan, United States, London, China, Beijing, Dalian, Canada, Beijing’s “

☆ Early divisions signal bitter internal conflicts as Supreme Court turns toward final decisions
▼ + stars: | 2024-06-25 | by ( John Fritze | ) edition.cnn.com time to read: +9 min

Even as the court is sometimes finding wider-than-expected majorities for relatively limited outcomes, the nine justices are regularly in conflict over the meaning of decisions. A number of lower-profile cases have also sparked deep doctrinal divisions, even when the final vote count is lopsided. “It does seem, at least anecdotally, unusual to have this many separate opinions in cases with relatively lower stakes,” said Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law. The Supreme Court earlier this month tossed out an appeal from anti-abortion doctors challenging expanded access to the abortion pill mifepristone. Among them, Justice Sonia Sotomayor slammed the court’s majority opinion for its reliance on history to decide the trademark dispute.

Persons: ”, Steve Vladeck, “, dinged, councilwoman, Brett Kavanaugh, ” Kavanaugh, Donald Trump, Jack Smith’s, yank Trump, Trump, Amy Coney Barrett, Samuel Alito, Kavanaugh, ” Barrett, Aziz Huq, Huq, Moore, John Roberts ’, hasn't, Neil Gorsuch chimed, Justice Ketanji Brown Jackson, ” Alito, Clarence Thomas, Alito, it’s, Sylvia Gonzalez, Florida GOP Sen, Marco Rubio, Sonia Sotomayor Organizations: CNN, University of Texas School of Law, Trump, Capitol, University of Chicago, New York, Police, Florida GOP, Republican Locations: Moore, Texas, Trump, concurrences

☆ Israel may soon draft ultra-Orthodox Jews. What does it mean for the war and Netanyahu?
▼ + stars: | 2024-06-25 | by ( Mick Krever | ) edition.cnn.com time to read: +8 min

CNN —The Israeli Supreme Court issued a ruling on Tuesday ordering the government to draft ultra-Orthodox Jews into the military. Since Israel’s founding, ultra-Orthodox Jews have been exempt from mandatory military service. Some do, but far fewer than most Israeli Jews. Technically, the military service exemption applied to young men who were actively studying at a yeshiva. In essence, the court said that the ultra-Orthodox could not be treated differently from other Israeli Jews.

Persons: –, “, Staff Herzi Halevi, ” Gilad Malach, ”, General Gil Limon, Netanyahu Organizations: CNN, Israel Democracy Institute, Shas, Israel Defense Forces ’, Staff, IDF, United, Likud Locations: Israel, Gaza, Lebanon

☆ CDC issues dengue fever alert in the U.S.
▼ + stars: | 2024-06-25 | by ( Nicole Acevedo | ) www.cnbc.com time to read: +2 min

The alert comes as an unexpectedly higher number of dengue fever cases have been reported across the nation, according to the CDC. The CDC reported 3,036 dengue cases last year in the U.S. and its territories. This year, the incidence of dengue fever globally has been the highest on record, especially in Latin American countries, where more than 9.7 million dengue cases have been reported. A person can get sick with dengue fever up to four times in their lifetime — once for each type of virus that can cause the disease, according to the CDC. The latest CDC alert advises health care providers to have increased suspicion of dengue among people with fever, especially if they have recently been in areas with frequent dengue transmission.

Persons: That's, They're, it's Organizations: Disease Control, CDC Locations: Brazil, United States, U.S, Puerto Rico

☆ Renée DiResta: We Are Losing the Battle Against Election Disinformation - The New York Times
▼ + stars: | 2024-06-25 | by ( Renée Diresta | ) www.nytimes.com time to read: +1 min

In 2020, the Stanford Internet Observatory, where I was until recently the research director, helped lead a project that studied election rumors and disinformation. As part of that work, we frequently encountered conspiratorial thinking from Americans who had been told the 2020 presidential election was going to be stolen. First, an image or video, such as a photo of a suitcase near a polling place, was posted as evidence of wrongdoing. The poster would tweet the purported evidence, tagging partisan influencers or media accounts with large followings. Partisan media would follow.

Organizations: Stanford Internet Observatory

☆ Yellen announces $100 million affordable housing fund as shelter costs weigh on Biden
▼ + stars: | 2024-06-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The past several inflation reports have shown prices slightly cooling off, but shelter costs have remained persistently hot. As part of its new actions, Treasury will provide $100 million over the next three years to finance affordable housing projects. Housing costs in particular, which make up some of the largest portions of consumer spending, have remained stubbornly high even as other sectors have cooled down. Biden has tried to punt the responsibility of high housing costs on corporate landlords, accusing them of "rent gouging," keeping consumer rents artificially high even as their own costs have come down.

Persons: Janet Yellen, Joe Biden, Donald Trump, hunkers, Camp David, Yellen, Biden, Adrianne, Pete Buttigieg Organizations: Camp, Housing, Urban, Adrianne Todman, Biden, White, Apartment Association, NAA Locations: Fairfax , Virginia, Minneapolis, Minnesota

☆ Ted Cruz says Biden is breaking the law by taking credit for infrastructure projects
▼ + stars: | 2024-06-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewAcross the United States, scores of construction sites are emblazoned with signs that read: "Project Funded By President Joe Biden's Bipartisan Infrastructure Law." For many people, it's an innocuous notation of the thousands of projects financed by the sweeping $1.2 trillion infrastructure law Biden signed into law in 2021 and was backed by both Democrats and a sizable contingent of Republicans. Cruz, in the letter, then argues that Biden "unilaterally rebranded" the bipartisan infrastructure law as "President Biden's Bipartisan Infrastructure Law," which passed the House by 228-206 votes and the Senate by 69-30 votes. "Congress, not President Biden, wrote [the infrastructure law], and it did not do so to aid the President's reelection campaign." The law provided federal funding for long-awaited upgrades for bridges and tunnels, highways, and rail infrastructure, among other projects.

Persons: —, Joe Biden's, Biden, Texas Sen, Ted Cruz, Cruz, Cruz vociferously, Robyn Patterson, Harris, Donald Trump, Trump Organizations: Service, Infrastructure Law, Business, Politico, Biden's, Biden, Democratic, Trump Locations: United States, Texas, America

☆ New ‘Apprentice’ Book Paints Trump as Wounded, Forgetful and Hung Up on Hollywood
▼ + stars: | 2024-06-22 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: +1 min

It was May 2021, and Donald J. Trump was wounded. He told Mr. Trump he wanted to write a book, not about the unpleasantness of the previous four years, but about that prelapsarian period before Mr. Trump entered politics. Mr. Trump was sold. “He was at his lowest then,” Mr. Setoodeh, 42, said over lunch in Manhattan’s West Village on Friday. “You’ll sell 10,000 books at one rally,” he told Mr. Setoodeh.

Persons: Donald J, Trump, he’d, Ramin Setoodeh, “, ”, Setoodeh, ” Mr, ’, Mr Organizations: Capitol, Trump, Mr, NBC Locations: Washington, Manhattan’s

☆ China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says
▼ + stars: | 2024-06-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The latest batch of US sanctions against Russia will promote further use of the yuan, a think tank said. It argued that as ruble volatility increases, the Chinese currency will offer stability. While sanctions also threaten Chinese entities, they won't be enough to disrupt yuan trading, it said. AdvertisementFresh sanctions on Russia are too late to be a game-changer, but they will help cement the role of China's yuan in place of Western currencies, a think tank said. "In May, its share in exchange trading once again hit a new record, reaching 53.6 percent.

Persons: —, Alexandra Prokopenko, Prokopenko Organizations: Russia, Service, Carnegie, Carnegie Russia Eurasia Center, Kremlin Locations: Russia, Carnegie Russia, Moscow, Beijing, Kazakhstan, UAE

☆ China threatens death penalty for ‘diehard’ Taiwan separatists
▼ + stars: | 2024-06-21 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

CNN —China on Friday threatened to impose the death penalty in extreme cases for “diehard” Taiwan independence separatists, a ratcheting up of pressure even though Chinese courts have no jurisdiction on the democratically governed island. The guidelines are being issued in accordance with laws already on the books, including the 2005 anti-succession law, Xinhua said. That law gives China the legal basis for military action against Taiwan if it secedes or seems about to. Sun Ping, an official from China’s Ministry of Public Security, told reporters in Beijing the maximum penalty for the “crime of secession” was the death penalty. Such punishments have little practical effect as Chinese courts do not have jurisdiction in Taiwan, whose government rejects Beijing’s sovereignty claims.

Persons: Lai Ching, ”, Lai, Sun Ping, Hsiao Organizations: CNN, diehard, Xinhua, China’s Ministry of Public Security, Reuters, Senior Locations: China, Taiwan, Beijing, United States

☆ How to become an influencer and start making money
▼ + stars: | 2024-06-21 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +13 min

Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. Take a look at new data on influencer brand deals in 2024Platforms also pay creators based on their video views and engagement. Read more about how TikTokers can score huge paydays for longer videosOn Snapchat, creators have had success making money from its ad-revenue program. Related storiesAffiliate marketing is another popular way to make money after becoming an influencer. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media.

Persons: —, Ayomi Samaraweera, Samaraweera, Nadya Okamoto, influencers, Stacy Kim, Maesha, Instagram, Nate White, I've, MrBeast, Read, videographer Tej Patel, AJ, Grey, influencer Janesha Moore, Moore, makeups, Paulina Perez, she's, Perez, Slack, Lissette Calveiro, Christen Nino de Guzman's Clara, Nino de Guzman, Christen Nino De Guzman, Alix Earle ., Kensington, that's, Danielle Pistotnik, publicists Organizations: Service, YouTube, Business, Samsung, Verizon, Amazon, Brand, UTA, CAA, Management Locations: California

☆ Supply chain hotspot Vietnam rolled out the red carpet for Putin, and the US is trying to act cool
▼ + stars: | 2024-06-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewWanted by the International Criminal Court, Russian President Vladimir Putin still traveled to Vietnam on a two-day visit, where he was warmly welcomed. Russia and Vietnam also have a long history going back to the Soviet era, so his visit is also not surprising. Related storiesWestern allies may rethink "Vietnam's reliability as a strategic partner in the region," Hoang wrote. AdvertisementThis sentimentalism can influence the pragmatism that marked Hanoi's foreign policy for the last two decades, wrote Hoang at the ISEAS–Yusof Ishak Institute. It's also a smart political move, as a segment of Vietnamese still holds "a deep fondness for Russia," wrote Hoang.

Persons: —, Vladimir Putin, Putin, Vietnam —, Hoang Thi, Yusof, Hoang, Janet Yellen, Yellen, Daniel Kritenbrink, Kritenbrink, It's Organizations: Service, International Criminal Court, Business, ICC, US, Russia, Institute, Regional, Political, State, East Asian, State Department, Soviet Union Locations: Russian, Vietnam, Russia, Soviet, Washington, Ukraine, Australia, Japan, Singapore, ISEAS, China, Hanoi, Moscow, Beijing, Atlanta

☆ Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +8 min

Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.

Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, “, Kim Jong, Nigel Gould, Davies, ”, Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington

☆ Elon Musk really wants advertisers' money. But he also wants to keep tweeting. He can't have both.
▼ + stars: | 2024-06-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

His anti-revenue campaign reached its peak/nadir last fall, when he literally told advertisers to "go fuck yourself." And that's where Musk explained that when he told advertisers to go fuck themselves last year, he didn't mean all advertisers. "It was with respect to freedom of speech," he told Read. AdvertisementMeanwhile, the exodus of big brand advertisers has pushed Twitter ad rates way, way down. And I do shoot myself in the foot from time to time," he told Read.

Persons: —, Elon Musk, Mark Read, Musk, Read, Oliver Darcy, Joe Biden's, Donald Trump, Barack Obama, Joe, Puck, there's, It's Organizations: Service, Elon, Business, Cannes, WPP, Twitter, YouTube, Facebook, CNN, Associated Press, Washington Post, Democratic Party, Republicans, Google, Media Locations: France, Mexico, Washington

☆ Awkward Chinese youths are paying AI love coaches $7 weekly to learn how to talk on dates
▼ + stars: | 2024-06-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewSocially awkward and chronically single Chinese youth are turning to AI-powered love coaches to boost their dating game, according to a new report from the South China Morning Post. Unsure of what to say during dates or how to flirt, some youths are using AI applications like "RIZZ.AI" and "Hong Hong Simulator" to learn how to talk to potential love interests, the SCMP reported, citing posts on the app seen on Chinese social media. A 2023 survey by the China Youth Daily Social Survey Center found that young people in China report lacking social skills and having trouble breaking out of their comfort zones and making friends. AdvertisementWith the RIZZ.AI app, nervous youth can interact with fictional characters in scenario settings they must navigate. Screenshot/RIZZ.AIA more China-tailored app, Hong Hong Simulator, teaches users how to coax angry partners, per the SCMP.

Persons: —, Maddie, Kristen, ChatGPT, DAN, Lisa Organizations: Service, South China Morning, Hong, Business, China Youth Daily Social Survey Center Locations: China

☆ Putin arrives in Vietnam as Russia seeks support in face of Western isolation
▼ + stars: | 2024-06-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Considered a pariah by the West, Putin is looking to boost economic ties with friendly countries and show that Western isolation is not having an impact. Vietnam was among several Southeast Asian countries that abstained from joining a global summit on Ukraine in Switzerland last week. Last week, Vietnam sent a delegation led by its Deputy Minister of Foreign Affairs to attend the BRICS Foreign Ministers’ Summit in Russia. Analysts say Russia is likely to get more out of the visit than Vietnam, and Hanoi may even suffer reputational damage by hosting Putin following his trip to North Korea. “If no substantive deals are made, the visit will mainly be symbolic and a means for Putin and Russia to show the world that Western sanctions against Russia are not working,” said Le.

Persons: Vladimir Putin, Kim Jong, Putin, Nguyen Phu Trong, Lam, Minh, Yury Ushakov, Xi Jinping, Joe Biden, ”, Le Hong Hiep, – Yusof, Le, ” Putin, Xi, –, John Kirby, Anwar Ibrahim Organizations: CNN, West, US, Reuters, Communist Party General, Vietnam’s, Vietnam News Agency, ” TASS, TASS, ”, Vietnam Studies, International Criminal Court, ICC, United Arab, Foreign Ministry, Foreign Affairs, ’ Summit, Analysts, Putin Locations: Hanoi, North Korea, Ukraine, Vietnam, Moscow, United States, China, Russia, Pyongyang, Russian, Soviet, India, US, South China, Switzerland, Beijing, Kazan, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, Malaysia, BRICS, “

☆ New analysis reveals Donald Trump’s Truth Social media diet
▼ + stars: | 2024-06-19 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Donald Trump can’t quit Fox News. Comparatively, Trump posted 26 video clips from the upstart internet streamer Right Side Broadcasting Network, 11 videos from the pro-Trump cable channel Newsmax, and 5 from the far-right Real America’s Voice. He posted eight links to Real America’s Voice, only three to Breitbart, and one to the New York Post. Indeed, Polskin’s analysis pulls back the curtain on how Trump works the media. The warped feedback loop is yet another way in which he exploits the media for his own ends.

Persons: Donald Trump can’t, Trump, Rupert, Lachlan Murdoch, ”, Howard Polskin, Breitbart, Polskin, Biden, ” Polskin, bashed Murdoch Organizations: New York CNN, Fox News, Republican, Fox News Channel, Broadcasting Network, Trump, Real America’s, New York, Real America’s Voice, Washington Examiner, Washington Times, Associated Press, The New York Times, CNN, Washington Post, POLITICO, NBC News, Yorker, Reuters, “ Locations: New York, FoxNews.com

☆ She grew up helping her grandparents run a shoemaking shop. In college, she came up with a plan to save it.
▼ + stars: | 2024-06-19 | by ( Faye Bradley | ) www.businessinsider.com time to read: +6 min

Miru Wong with her grandfather Wong Tat-wing at the original Sindart shop. The cheapest pair is made without embroidery and costs 99 Hong Kong dollars, or $12. Wong says most of the materials — including nylon, silk, satin, and brocade — are sourced from Hong Kong, Japan, and Europe. AdvertisementOthers feel that more can be done in order to pass down the skills in Hong Kong. "Rising labor costs in Hong Kong also make it difficult for traditional shoemakers to maintain profitability," Cho said.

Persons: —, Miru Wong, Hong, Wong Tat, Wong, Wong reguarly, she's, shoemakers, Erin Cho, Cho, Lindsay Varty, Varty Organizations: Service, Polytechnic University, Business, Hong, HK, Hong Kong Polytechnic University's School of Fashion, Textiles, Social, Sunset Locations: Hong Kong, Japan, Europe

☆ Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
▼ + stars: | 2024-06-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Zilch initially sourced credit for its installment plans and other loans from Goldman Sachs 's private credit arm. The additional $190 million of credit will become available to Zilch as the firm continues to grow. Once Zilch has reaches the $315 million maximum funding threshold, it expects to generate nearly $10 billion of GMV by 2026. The firm reported revenues of £30 million ($38 million) in the 12 months ended March 2023. Zilch also has an advertising sales network where it provides placements for retailers to promote their wares to consumers.

Persons: Phil Belamant, Zilch, it's, Goldman Sachs, Philip Belamant, we've, Goldman, Belamant Organizations: LONDON, Deutsche Bank, Goldman, CNBC, Apple, Citi

☆ Throwing money at plunging birth rates won't solve the issue, demography experts say
▼ + stars: | 2024-06-19 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

A Lancet study forecasts that by 2100, over 97% of countries will have fertility rates below the population replacement level. AdvertisementThe Japanese government has also tried to boost fertility rates by offering up to a year of parental leave and even cash incentives. In South Korea, the least fertile country in the world, Seoul is offering people money to reverse their vasectomies or untie their tubes. However, according to Trent MacNamara, a Texas A&M professor whose work has focused on fertility rates, throwing money at the problem can only do so much. Harper said that instead of throwing money at the issue, the biggest chance for success is through promoting gender equity.

Persons: —, isn't, Trent MacNamara, MacNamara, Sarah Harper, Harper, Philip N, Cohen, it's Organizations: Service, Business, gerontology, Oxford Institute of Population Ageing, University of Maryland Locations: Tokyo, South Korea, Seoul, Texas

☆ A Pandora executive shares 2 strategies that helped the brand become a better partner to creators of color, including customizing contracts
▼ + stars: | 2024-06-18 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Read previewWhen Nikki Jenkins joined jewelry brand Pandora in the summer of 2021, she was bursting with new ideas on how the company could better partner with creators of color, who are often paid less than their white counterparts for brand deals. "The stories that they want to tell that year are based on the jewelry they're interested in, so we build custom contracts based on that person." For example, a few years ago, Jenkins reached out to Black talent agency Kensington Grey so that Pandora could collaborate with Black creators to promote its products and events. "A lot of Black creators understand how to show up in a way that really resonates with other Black people," she said. Based on the success of the campaign, Jenkins said the team decided to cement year-long contracts with many of Kensington Grey's creators.

Persons: —, Nikki Jenkins, Jenkins, Pandora, Jalisa Vaughn, Kensington Grey, Kensington Organizations: Service, Business, BIPOC, Pandora, Kensington Grey's Locations: Kensington

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