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Read previewFormer President Donald Trump can't escape the issue of abortion rights. As a Florida resident, he will have the opportunity to vote on an abortion rights ballot initiative this November. Biden's campaign has also released multiple ads tied explicitly to the issue of abortion rights. "Elect me," Biden told reporters at the White House in response to a question about the Arizona ruling. Key battleground states, including Arizona and Nevada, may both have abortion rights directly on their respective ballots this November.
Persons: , Donald Trump, Trump, Marjorie Dannenfelser, Susan B, Sen, Lindsey Graham, Joe Biden's, They've, Roe, Wade, Biden's, Kamala Harris, Biden, Wade —, Jen Cox, Harris Organizations: Service, Business, South Carolina Republican, Good Republicans, Senate, White, Biden, Independents, Trump, Politico, Republican Locations: Arizona, Florida, Nevada
Ten nonprofits serving young people in Detroit will get an unusual, lasting gift as part of a campaign started by Lisa Ford and her husband, Bill Ford, the executive chairman of Ford Motor Co. Endowments are funds a nonprofit can invest and the annual financial returns from those investments can go into the nonprofit’s budget. Detroit-area nonprofits may apply in June, when Michigan Central Station will reopen, and ten selected organizations will each receive $500,000 to launch an endowment. The Children's Foundation will manage the nonprofits’ endowments and offer them guidance and technical support over two years. Lisa Ford said the idea for creating endowments for youth nonprofits evolved out of their commitment to supporting a robust and vibrant future for the city and the automotive industry.
Persons: Lisa Ford, Bill Ford, ’ ”, Andrew Stein, , ” Ford, Todd Ely, Ely, ” Ely, Meadow Didier, Stein Organizations: Ford Motor Co, Children’s Foundation, Michigan Central, Children’s Hospital of Michigan, Harvard, Foundation, Children’s, Endowments, Internal Revenue Service, University of Colorado, Nonprofit Finance Fund, Children's, Ford, Associated, Lilly Endowment Inc, AP Locations: Detroit, Michigan, University of Colorado Denver
Read previewCopying the way mortgages work in countries such as Canada and the UK could help thaw the frozen US housing market, experts say. Prospective buyers are also balking at paying such high mortgage rates, especially when national home prices are near record levels, fueling an affordability crisis. AdvertisementOffering portable mortgages would enable hesitant sellers to keep their rock-bottom mortgage rates when they move, potentially boosting overall inventory and transaction volumes. She suggested the best fix for the frozen housing market will be if inflation cools, the Fed cuts interest rates, and mortgage rates fall to historical norms. Fannie Mae and Freddie Mac, the government-sponsored enterprises that direct the mortgage market, would have to be on board to make mortgage portability a reality, but that doesn't appear to be the case.
Persons: , Julia Fonseca, Fonseca, Richard Martin, University of Georgia's Terry, Susan Wachter, Wachter, Fannie Mae, Freddie Mac Organizations: Service, Business, University of Illinois, University of Georgia's, University of Georgia's Terry College of Business, The Wharton School, Federal Reserve, Federal Housing Finance Agency, American Banker Locations: Canada, University of Illinois Urbana, Champaign, conservatorship
The Oscars are the climax of an awards season that’s a prolonged exercise in collective congratulation, and in early March the rest of the year still looks bright. The Sundance Film Festival and its attendant bidding wars have wrapped up, offering nothing but promise and excitement. At the box office, the biggest bets of the year have typically not yet opened and thus have not yet bombed. For Hollywood, 2023 was not so much a disaster as a preview of disasters to come. That fury persists: Each new headline about the huge compensation package for Robert Iger, Disney’s chief executive, or decisions by David Zaslav, the chief executive of Warner Bros.
Persons: that’s, blithely, Robert Iger, David Zaslav Organizations: Sundance Film, Hollywood, Warner Bros
Get Ready for a Fashion Vibe Shift
  + stars: | 2024-02-25 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
There’s a change underway in fashion. Continued in New York, at Willy Chavarria, who set a family-size table of sartorial intention. And in Milan, was picked up by Francesco Risso at Marni, who boiled fashion down to its essence so it could begin again. Papering in white a cavernous warren of rooms under a railway track, so it resembled some sort of petri dish, Mr. Risso birthed a very chic primal scream. These would not be easy garments to wear, but they sure jolt you out of your torpor.
Persons: John Galliano’s Maison, Willy Chavarria, Francesco Risso, Risso, Outerwear Locations: New York, Milan, Marni
It turns out the Robinhood crowd was onto something when they piled into the stock market during the pandemic. As of 2019, people under 40 held 4.9% of total US wealth even though they’re 37% of the population. People over 54, who make up a similar share of the population, held 71.6% of total wealth. Nearing the end of 2023, under-40s controlled 6.7% of total wealth, while those over 54 had 72.8%. Now, the challenge is to try to keep at it, get some more luck in the stock market and, God willing, their own homes.
Persons: , Young, Millennials, Zers, they’re, , Nick Colas, , Colas, Ernst & Young, It’s, millennials, Emily Stewart Organizations: Federal Reserve Bank of New, New York Fed, DataTrek, Ernst &, Bloomberg, Business Locations: Federal Reserve Bank of New York, America
Editor’s note: Season 9 of the podcast Chasing Life With Dr. Sanjay Gupta explores the intersection between body weight and health. But anyone who has ever dieted can tell you that losing weight is hard and that long-term weight loss requires sustained effort, which can sometimes feel Herculean, even impossible. If you are considering starting one of these medications, Moreno recommends keeping these five facts in mind. “On average, with semaglutide, the weight loss average can be close to 15%. This is the time to start changing some eating patterns that will be beneficial for weight loss.
Persons: Sanjay Gupta, Ozempic, It’s, Jorge Moreno, Moreno, ‘ You’ve, , ” Moreno, , Tirzepatide, Food and Drug Administration — “, They’re, ” They’re, , “ It’s, GERD, ” It’s, ’ ” Moreno Organizations: CNN, Yale School of Medicine, LinkedIn, Food and Drug Administration
The Tesla rival pioneering battery-swappingFounded by entrepreneur William Li — sometimes referred to as "China's Elon Musk" — in 2014, Nio has built a network of more than 2,000 battery swap stations in China. Experts told BI that battery swapping offers a solution to many of those concerns — in theory. Ample battery swapping technology promises to swap out an EV battery in under five minutes. It's a heavy innovation because battery swap is closely connected with the vehicle design and the sales model," said Dr Shen. Ample, which in the future plans to charge users a battery subscription fee to use its swap stations, has battery swap stations operating in Spain, Japan, and California, where it has worked mainly with fleet providers such as Uber.
Persons: , William Li —, China's Elon, Nio, Fei Shen, William Li, HECTOR RETAMAL, JAC, Shen, Dylan Khoo, John Helveston, Helveston, Khoo, John De Souza, De Souza Organizations: Service, Business, EV, Chery, ABI Research, George Washington University, Fiat Locations: China, Europe, West, San Francisco, Spain, Japan, California
That’s because a state law requires Nevada to hold a primary election, but the Nevada GOP voted to hold their own caucuses, or party-run meetings open to Republicans only. Nevada voters have received mail ballots for the Feb. 6 primary that don’t list front-runner Donald Trump’s name. Three Nevada GOP leaders overseeing the caucuses have been indicted on felony charges that they were so-called fake electors who sent certificates to Congress falsely claiming Trump won Nevada in 2020. Still, Nevada GOP Chairman Michael McDonald has forged ahead with the caucuses. Trump himself told the crowd at the January rally to ignore the primary and attend the caucuses instead, saying “Your primary vote doesn’t mean anything.”A Nevada GOP rule states that any candidate who participates in the state-run primary may not run in the caucuses.
Persons: — Lee, Donald Trump’s, Trump, “ It’s, , Hoffman, it’s, Nikki Haley, ” Haley, Will Bradley, ” Bradley, It’s, Joe Lombardo, Michael McDonald, McDonald, ” McDonald, United States — Donald J, TRUMP, Haley, Lombardo, Ron DeSantis, DeSantis, nudged, Bradley, Lee Hoffman, he’s, ___ Price, Stern Organizations: Republican Party, GOP, Nevada GOP, Trump, Electoral College, of Columbia, United Nations, Nevada, Democratic, Republican Gov, Republicans, United, Republican, , Florida Gov, Michigan GOP, California Republicans, Associated Press, America Statehouse News Initiative, America, AP Locations: RENO, Nev, Elko County , Nevada, Massachusetts, Connecticut, Nevada, Michigan, Missouri, South Carolina, New Hampshire, U.S, Florida , North Carolina, Las Vegas, Reno, United States, California, Elko County, Vegas, The, Idaho, Utah, Salt Lake City, Elko, New York
It said China plans to tap offshore funds held by Chinese state-owned enterprises and also local funds. Elsewhere in Asia, South Korea's Kospi rose 0.6% to 2,478.61 and Australia's S&P/ASX 200 added 0.5% to 7,514.90. ADM also said it expects to report profit for the full year of 2023 that’s below what analysts were forecasting. That in turn has relaxed the pressure considerably on the stock market and helped it to rip higher. In other trading, U.S. benchmark crude oil rose 9 cents to $74.85 per barrel in electronic trading on the New York Mercantile Exchange.
Persons: Seng, Tan Boon Heng, , ” Tan, Sunoco, Archer Daniels Midland, Tesla Organizations: Bloomberg, Mizuho Bank, Nikkei, Bank of Japan, U.S ., Dow Jones, Nasdaq, Technologies, NuStar Energy, ADM, American Airlines, Intel, Procter, Gamble, Federal Reserve, Treasury, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong Kong, Shanghai, Beijing, China, South, U.S
New York CNN —In America, traveling through red lights on right turns has become a rule of the road. States introduced it as a gas-savings measure: The theory was that it would reduce idling at red lights. Right-on-red was a gas-savings tool during the 1970s oil crisis. There has been little national research in recent years on the effect of right-on-red turns on pedestrian safety. Banning right on red is not a “panacea for pedestrian safety problems,” Dumbaugh said, but could help prevent pedestrian and car accidents in busy intersections.
Persons: Woody Allen, Hall ”, he’d, Marty Lederhandler, Hyoung Chang, , Eric Dumbaugh, Jason Dozier, Bill Clark, RTOR, Banning, ” Dumbaugh, that’s, don’t Organizations: New, New York CNN —, AP, New York City —, Washington D.C, MediaNews, Denver Post, Florida Atlantic University, Atlanta City, Nationwide, Governors Highway Safety Association, Getty, Research, Atlanta, Republican, Locations: New York, America, California, Los Angeles, United States, New York City, Connecticut, Atlanta, Denver, Indianapolis, Raleigh, Washington, San Francisco, Indiana
With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.
Persons: that's, , It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, , Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi
How could she, the queen of WeightWatchers and doyenne of dieting, be abandoning the equation of diet + exercise = slim? Taking weight-loss drugs, rejecting diet culture or choosing to diet are all valid health decisions. Just look at the tragic history of diet drugs. When considered in this context, semaglutide isn’t the weight loss panacea it may appear to be. Oprah and the millions of other Americans on prescription semaglutide and similar medications should be respected — or at least not ridiculed — for ignoring the insults and choosing what’s right for them, drug or no drug, diet or no diet.
Persons: Adrienne Bitar, , Oprah Winfrey, WeightWatchers, Oprah, couldn’t, Cancer, dieters, , gaunt, Jimmy Kimmel, Atkins “, John Harvey Kellogg, Kellogg, dieter, Organizations: , Studies, Cornell University, CNN, , Federal Food
Some within the party have complained that Harris is endangering the odds for victory at the ballot box this year. Happily, the Biden campaign seems to finally be coming around and embracing smart ways to make the best use of Harris’ talents and impressive resume. Her outreach will be particularly important among young voters. Harris’ portfolio of reproductive rights, voting rights and discrimination in education is tailor-made to appeal to this cadre of voters. The 2020 ticket of Biden and Harris stemmed the reclamation and retribution movement of Trumpism.
Persons: Basil A, Smikle Jr, Joe Biden’s, Basil Smikle Frank Gutierrez, Biden, Kamala Harris, Biden’s, Harris, they’ll, I’ve, it’s, Harris ’, Kamala, Jesse Jackson’s, Shirley Chisholm’s, It’s Organizations: Public, Roosevelt, Institute of Hunter College – City University of New, New York, Democratic Party, CNN, Republican, Biden, Los Angeles Times, New York Times, American, White House, Black, Democratic, Howard University, Freedoms, Convention, Republicans Locations: Institute of Hunter College – City University of New York, California, Washington, Siena, Flagstaff , Arizona, Israel
“I’ve seen dozens of people killed in accidents or shootings, but this was the hardest thing I’ve done in my life,” Daphna-Tekoah told CNN by telephone. “I asked ‘Would you like me to find out about sperm preservation?’”Medical social worker Shir Daphna-Tekoah suggested the idea of sperm extraction to bereaved families on October 7. “The demand has been very high,” she told CNN in a video call, adding that dozens of families have accessed the service since October 7. It isn’t that they want a baby instead of their son - it’s the grandchild,” she told CNN by telephone. PSR can be the easy part, Rosenblum told CNN.
Persons: Shir Daphna, “ I’ve, , Tekoah, , , Noga Fuchs, Dr, Shimi Barda, Noga, Barda, Shaylee Atary, Atary, Fuchs, Irit Oren Gunders, Irit Rosenblum, Lawyer Irit Rosenblum, Irit Rosenblum Rosenblum, Rosenblum, “ We’ve, ” Rosenblum, “ I’m, ” Yulia, Vlad Poznianski, Baruch, Yulia, Shira, Liat Malka, Baruch Pozniansky, Yulia Pozniansky, she’s, Malka, She’s, won’t, isn’t, Soldiers, ” Israel ‘, Gil Siegal Organizations: CNN, Kaplan, of Health, PSR, Ichilov, Israel Defense Forces, Noga Fuchs, Noga, Israel’s Ministry of Foreign Affairs, Ministry of Health, New, Center for Health Law, Kiryat Ono, Israel, University of Virginia Law School Locations: Tel, Kfar Aza, Gaza, Israel
Ron DeSantis, who is behind in Iowa, has received major endorsements in the state. Ron DeSantis has bet his political future on Iowa. The positive news came on the heels of Iowa Gov. ("Ron DeSantis and Nikki Haley have partisans. No recent nominee has failed to win Iowa, New Hampshire, South Carolina, or Nevada.
Persons: Ron DeSantis, Kim Reynolds, Bob Vander Plaats, , Donald Trump's, DeSantis, Reynolds, Grassley, Trump, Nikki Haley, Donald Trump, Scott Olson, trashing Reynolds, Grant Wood, Ben Jacobs, Texas Sen, Ted Cruz, Pennsylvania Sen, Rick Santorum, Mike Huckabee, Sen, Bernie Sanders, Barack Obama, Ron Brownstein, Cruz, Santorum, Huckabee, what's, Ricky Bobby, it's Organizations: Florida Gov, Iowa Gov, Trump, GOP, Service, Republican, CBS, Iowa State University, Iowa GOP, DeSantis, Getty, rockstar, Arkansas Gov, Iowa Republicans, Iowa, Hawkeye State Locations: Florida, Iowa, VFW, Texas, Pennsylvania, North Dakota, New Hampshire, South Carolina, Nevada, Hawkeye
You don’t have to look far to find countless recommendations for a gratitude practice as a key to happiness. For people who like to write, an effective gratitude practice could be writing thank-you notes to friends and family, Lyubomrisky said. Lyubomirsky: There are circumstances in which a gratitude practice can backfire. How to get help Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters. CNN: What advice do you have for avoiding pitfalls while engaging in a gratitude practice?
Persons: Sonja Lyubomirsky, , you’re, Lyubomrisky, towfiqu, Jessica DuLong, Organizations: CNN, University of California, Getty, International Association for Suicide Prevention, Befrienders Locations: Riverside, Santa Monica, Canada, Brooklyn , New York
Wagner left Facebook parent Meta last year, and her work in trust and safety feels like it was from a prior era. One of her first investments was in a startup called Cove, which was founded by former Meta trust and safety staffers. "One thing I would recommend is transparency at a time where third-party access and understanding to what is going on at scale on social platforms is what is needed." Post is an example of the kinds of companies that trust and safety startups are focused on. Fishman said customers are starting to see trust and safety tools as almost an extension of their cybersecurity budgets.
Persons: Joshua Bratt, Lauren Wagner, Wagner, Mandel Ngan, Roblox, Wagner's, Michael Dworsky, it's, Mason Silber, Donald Trump, Manu Aggarwal, Aggarwal, Abhijnan Dasgupta, Sara Ittelson, Ittelson, Cove's Dworsky, they'd, Alex Goldenberg, Noam Bardin, he's, Bardin, that's, Brian Fishman, Cinder, Fishman Organizations: Meta, Facebook, Hamas, Twitter, Radium Ventures, White, AFP, Getty, CNBC, Innovation Labs, Google, Apple, Republican, Everest Group, Accenture, Genpact, Big Tech, Tech, Venture, Accel, European, Digital Services, Defamation League, Network, Research, Rumble Locations: King's Cross, London, Israel, Washington ,, San Francisco, Russia, Ukraine, Georgia, Cinder, who's, ActiveFence
Stephen I. Vladeck Courtesy of University of Texas School of LawThat mantra was ringing in my head as I reviewed the code of conduct voluntarily adopted by the Supreme Court on Monday, the first such formal code to govern the justices. In adopting these rules, the Supreme Court didn’t address that issue at all. Congress controls when and where the court sits; until 1935, the court sat in the Capitol — a powerful reminder of which branch was beholden to which. But it’s the least-worst alternative to a problem that the Constitution necessarily creates: how to have an independent Supreme Court that is nevertheless at least loosely accountable to the political branches. Accountability and independence aren’t mutually exclusive — something the justices are tacitly conceding by agreeing for the first time to formally adopt a code of conduct.
Persons: Stephen I, Charles Alan Wright, Robert Jackson, Clarence Thomas, Samuel Alito, they’ll, , , John Marshall, it’s, I’ve, couldn’t, aren’t, ” isn’t, shouldn’t, Ronald Reagan Organizations: University of Texas School of Law, CNN, Supreme, Soviet, University of Texas School of, Judicial Conference, United, Congress, Capitol, Democratic, Republicans Locations: United States
The case of IrvineWhen the city of Irvine took on short-term rentals in 2018, Airbnb seemed unstoppable. Its tentacles had spread to cities across the globe, converting entire neighborhood blocks, in the most dramatic cases, to short-term rentals. Plenty of cities had passed ordinances banning short-term rentals, only to see Airbnb listings continue to pop up. That's consistent with data on short-term rentals in Irvine, which showed that by January 2021, the number of listings in Irvine had halved. As the Berlin and Boston studies found, when houses or apartments are pulled off the long-term market to be used as short-term rentals, housing supply decreases.
Persons: it's, that's, Banning, Irvine, Airbnb, Michael Seiler, College of William & Mary, Seiler, Murray Cox, Ken Fairbanks, Fairbanks, Cox, Airbnbs, Alicia Glen, Sarah Saadian, It's, we're, Saadian, Katya Schwenk Organizations: , New, Real Estate Economics, College of William &, Irvine, New York's, Housing Coalition, The Locations: New York City, New York, York City, Irvine , California, Orange County, Real, Irvine, Plenty, Airbnbs, . New York City, Berlin, Boston, Burlington , Vermont, Summit County, Colorado, New, Airbnb, Phoenix , Arizona
New York City officials have found a new effective way to kill rats. The strategy involves pumping carbon monoxide directly into the rat burrows that are found in sidewalk tree beds. Deodato uses the carbon monoxide method to suffocate the rats, with the help of a machine called BurrowRX, which costs about $3,000. Gothamist reported Menin has since set aside $30,000 to fund the carbon monoxide technique. In addition to the carbon monoxide method, the city has also tried spring traps, poisons, and rat birth control.
Persons: , Councilmember Julie Menin, Menin, Ibrahim Asmal, exterminator Matt Deodato, Matt, Deodato, Gothamist, Eric Adams Organizations: Service, New York Daily, Urban Pest Management Locations: York City, New York, East, York
The Cost of Being Disabled in New York City Housing
  + stars: | 2023-10-31 | by ( Claire Perlman | ) www.nytimes.com   time to read: +1 min
Winning, then losing, the housing lotteryFor many disabled New Yorkers, the city’s affordable housing lottery seems like the answer. Under city guidelines, only 5 percent of units are set aside for tenants with mobility disabilities and 2 percent for people with hearing or vision disabilities, and zoning laws don’t allow any crossover. “They don’t understand the gravity of what they’re doing.”Sabrina Bennett, 38, has been applying to the housing lottery for more than a decade, before she became disabled from a spinal cord condition in 2012. She now uses a wheelchair or a walker to get around, and is living with her husband in supportive housing through the city’s shelter system until she can find an accessible apartment she can afford. She’s hoping she finds something through the housing lottery, but she has already been in the shelter system for five years.
Persons: Méndez, , , ” Sabrina Bennett Organizations: Yorkers
SPREAD TOO THINA major drawback for potential green hydrogen users is that there has been too little of the stuff available to allow for much real world testing. Yet these train systems have occupied the time and attention of hydrogen system developers that may have been better spent elsewhere. And as heat pumps have been making rapid inroads into home heating markets across Europe and elsewhere in recent years - at a fraction of the cost of a potential hydrogen set up - it is clear that household hydrogen applications will remain scarce. LADDERING UPThe most promising areas for potential hydrogen use have been highlighted by industry analyst Michael Liebreich in his so-called Hydrogen Ladder. Rather than attempt to deploy hydrogen against lower-cost options in homes and transport systems, Liebreich suggests that the hydrogen industry pursue demand opportunities in helping heavy industry to decarbonise.
Persons: Michael Liebreich, Gavin Maguire, Stephen Coates Organizations: International Energy Agency, Reuters, Thomson Locations: LITTLETON , Colorado, Germany, Europe
For years, Argentinians have preferred to pay for many goods and services in greenbacks, rather than with their own collapsing currency, as part of an informal “blue dollar” currency market. To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s. Practical headacheThere’s another significant snag in Milei’s plan: Argentina doesn’t have enough dollars to ditch the peso. “People would need to take wheelbarrows of cash to convert to dollars,” Sabatini said.
Persons: Javier Milei, Sergio Massa, Argentina’s, JP Morgan, Argentinians, Milei, Natacha, Matias Baglietto, Reuters “ That’s, ” Christopher Sabatini, Kimberley Sperrfechter, ” Sperrfechter, It’s, ” Sabatini, Luis Robayo, Sabatini, Organizations: London CNN, National Institute of Statistics, Argentina’s, US Federal Reserve, Economic, Reuters, America, Chatham House, CNN, Capital Economics, International Monetary Fund, Getty, IMF Locations: Argentina, greenbacks, Washington, El Salvador, Panama, Ecuador, United States, Buenos Aires, AFP
‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.
Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, , Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, , Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe,
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