four methods consumers have modified because the pandemic started

Shoppers climb and descend an escalator at Willow Grove Park Mall in Willow Grove, Pennsylvania on November 14, 2020.

Mark Makela | Reuters

As the Christmas shoppers prepare for the festivities, they are preparing for a season that will be noticeably different than it was a year ago.

Big parties with family and friends. Busy shopping malls. A trip to Santa Claus. Maybe even a warm weather getaway. Consumers are again seeing more of these vacation rituals than possible. Almost three in five Americans are vaccinated against Covid-19, and the pace of it is new coronavirus cases has fallen below the level of summer rise, giving people more confidence to return to their holiday traditions.

Even so, not everything will be the same as it was before the Covid strike.

Buyers have developed new habits and new fears have arisen. Factory closures, congested ports and labor shortages can all result in limited gift choices and consumers easily missing out on a toy or gift they were hoping for. Prices could lead to a sticker shock, even.

Consumers are likely to swiftly switch between online and in-store shopping, taking full advantage of methods such as roadside collection. (Although on this holiday, convenience – rather than avoiding the crowds – will determine the decision.) Shops have largely given up breaks, but other avenues have emerged for Insolvent consumers to finance their vacation purchases.

“Black Friday will be like no other” Macys CEO Jeff Gennette told analysts on a conference call Thursday. “We are Closed on Thanksgivingwhich is a big change from 2019. But we expect our digital business to be very heavily tracked throughout the day … and we are ready for all of the expected traffic that is about to begin [in stores] at 6:00 am the day after Thanksgiving. “

Here’s a closer look at some of the ways this Christmas season is likely to be different than it has been in the past:

Slowdown in ecommerce growth

Holiday e-commerce sales are up at least one mid-teens clip year over year as long as Adobe Analytics stays on top of things. That should change this year.

Online sales in the US are expected to grow 10% to $ 207 billion, according to Adobe’s Digital Economy Index. That’s after a massive pandemic-related increase of 33% last year. Adobe tracks more than 100 million products online across 18 product categories across the web.

“There are many macroeconomic factors at play here … that could drive consumers to switch between online and offline purchases,” said Vivek Pandya, senior analyst at Adobe Digital Insights.

Stories about the supply chain and crowded ports are likely to help more people shop in stores instead of online whenever possible, he said. And after an unprecedented surge in e-commerce spending last Christmas season, it was likely that growth would slow, Pandya added. Still, Adobe predicts this will be the first public holiday that online spending will top $ 200 billion.

Buyers return to the stores

Christmas shoppers search for deals during the Black Friday sales event at the Pentagon Center shopping mall in Arlington, Virginia on November 29, 2019.

Loren Elliott | Reuters

Are you thinking about going to the mall on Black Friday? You’re not alone. Shops will be much busier than they were a year ago as shoppers’ fear of venturing out of the house has eased significantly.

The National Retail Federation said it was expecting almost 2 million more people will shop from Thanksgiving Day through Cyber ​​Monday, even though 61% of shoppers have already started buying gifts. The retail group used Prosper Insights & Analytics to survey 7,837 adults from November 1 to 10 about their plans and progress.

On Black Friday, 64% said they expected to go to stores to shop, up from 51% last year, NRF said.

ICSC, a retail organization that represents the shopping mall industry, conducted its own survey of 1,005 people from September 24-26 and learned that half of US consumers plan to visit more stores this year to To buy gifts. In the past year, 45% said they went to shopping malls.

Consumers cited the ability to touch and feel products, get what they want instantly, and finding gift ideas as the main reasons for the trip. More than three quarters of people said they went to shopping centers to have a bite to eat or to use other services in the shopping centers.

“Vaccination rates are improving in some of our regions, and California in particular,” said Jean-Marie Tritant, US president of the Unibail-Rodamco-Westfield global shopping mall. “This makes people feel even more comfortable when they return to places where they can meet.”

Buy gifts now, pay later

Confirm the Holdings Inc. website home screen on a laptop computer in an arranged photo taken on Wednesday December 9, 2020 in Little Falls, New Jersey, USA.

Gabby Jones | Bloomberg | Getty Images

Gone are the old school days of the layaway. Consumers have a new way to cover the cost of vacation travel: Buy now, pay later Payment plans.

The use of installment payments is expected to gain popularity this holiday season. These services enable a buyer to purchase an item, take it home immediately, and cash out in set increments. Layaway, on the other hand, required a retailer to reserve an item and keep that purchased item for the consumer.

BNPL has established itself as a retailer including Macys, Walmart and target Make deals with companies like. away Confirm, based in Australia additional payment and Sweden’s Klarna.

According to data from Adobe Analytics, “Buy Now, Pay Later” online sales increased 10% this year compared to 2020 and 45% compared to 2019. One in four respondents in an Adobe survey said they had used BNPL plans in the past three months, with apparel, electronics, and groceries being the top three categories.

Summarize memories

Fans attend a concert by recording artist Machine Gun Kelly during a stop on his Tickets to My Downfall tour at The Theater at Virgin Hotels Las Vegas on October 16, 2021 in Las Vegas, Nevada.

Ethan Miller | Getty Images

Wellness days. Dinner in a fancy restaurant. Tickets for a concert.

These gifts are returning to wish lists this year as consumers feel more comfortable around other people and long for experiences they’ve missed.

About 43% of consumers plan to redirect their spending this holiday season to experiences and service gifts, according to a survey by consulting firm Accenture of around 1,500 US consumers in August. This is even higher among the younger generations: 53% of Millennials and 50% of Generation Z say they are switching to more experience spending, the survey found.

Almost 70% of respondents plan to buy the same or more restaurant gift cards this holiday season compared to last year, and 47% plan to buy the same or more beauty products or services as gifts, e.g. B. a manicure.

Travel-related gifts in particular are on the wish list. According to the survey, 40 percent of older millennials – consumers between 32 and 39 – plan to purchase travel vouchers or airline tickets for others during the holiday season.

“We have some catching up to do,” said Jill Standish, director of Accenture’s retail group.

‘Waste of cash’: Canadians lament C$612 million election that modified little

A special returning officer counts ballots from National, International, Canadian Forces and incarcerated voters mailed during the federal election in Ottawa, Ontario, Canada on September 20, 2021. REUTERS / Patrick Doyle

WINNIPEG, Manitoba, Sept. 21 (Reuters) – Canadians woke up Tuesday to a virtually unchanged political landscape after an expensive pandemic they didn’t want, with many of their anger at the cost of $ 612 million US dollars) made air.

Prime Minister Justin Trudeau’s Liberals won the election, but it was unpopular from the start because of its timing, two years ahead of schedule and during a rising fourth wave of COVID-19.

The voters gave Trudeau a third term but denied him the parliamentary majority for which he had called the election. The Liberals run or are elected in 158 out of 338 districts, only three more than they stood in the election. A majority requires 170 seats.

Other parties did not do much better and ended up with largely the same number of seats as they did before the election.

“$ 600 million and all I got was that lousy pencil,” one Calgary man tweeted, referring to the short pencil used to mark ballots.

“Wasting money” was a trend on social media as voters questioned the time and cost involved. Elections Canada, which is conducting the voting, predicts it will cost $ 110 million more than the 2019 election, which will cost $ 502 million.

Holding elections during a pandemic caused additional expenses, such as counting a barrage of absentee ballots and providing disposable pens, masks and hand sanitizer, the electoral authority said.

The Liberals, Conservatives, and New Democrats were each allowed to spend approximately $ 30 million of their own money on the campaign.

The vote also took place as the Liberals amassed a record $ 1 trillion ($ 785 billion) in national debt to tackle the pandemic and push budget deficits to levels unseen since World War II.

Sheila Colla, associate professor of environmental studies at York University in Toronto, was concerned about the cost to the planet of campaign trips to one of the largest countries in the world by area.

“Fossil fuels were burned as reporters and guides flew across the country. Election 44 was an incredibly wasteful (liberal) vanity project,” she said.

Trudeau, in power since 2015, said in his Victory speech that the Canadians gave him a “clear mandate” to lead Canada through the pandemic.

But last week, Trudeau admitted the unpopularity of holding elections as infections proliferate.

“I understand the frustration some people feel,” he told his supporters. “They just want things to go back to normal and an election not to go back to normal.”

Angus Reid, chairman of the polling institute of the same name, said the election left the political landscape intact.

“Nothing happened! Trudeau got less than a third of the vote. He sees the election as a victory?”

Another choice might be on the horizon, as minority governments typically don’t last long. Trudeau said there could be another election in 18 months this month if no one wins a parliamentary majority.

“(It’s) almost as if the Canadians spelled out with their votes, ‘We don’t want elections now,'” said Doug Porter, chief economist at BMO Capital Markets, of Monday’s results.

($ 1 = 1.2814 Canadian dollars)

Reporting by Rod Nickel in Winnipeg; Additional reporting by Julie Gordon in Ottawa Editing by Alistair Bell

Our standards: The Thomson Reuters Trust Principles.

Pandemic has modified individuals’s view of cash, what they do with it

How the COVID-19 crisis is affecting how we think about cash. Some say it made a big impact. Sarah Buynovsky of Newswatch 16 has the story.

WYOMING COUNTY, Pennsylvania – Recent results show that this pandemic has changed the way people see money and what they do with it, especially college students and graduates.

“They tell us that they are very into personal finance management. They’re interested in funding, about 20 percent are actually investing, ”said Rod Griffin, Experian public education expert.

Financial experts said they seem more concerned than ever about saving and making their money work for them, which is a big change since the health crisis began.

“Eighty-one percent told us they were concerned about the job prospects and finances related to the pandemic,” added Griffin.

Financial experts are saying more than ever that people are turning to technology to make their money work for them, for example with various apps.

They said this pandemic taught people that anything could happen to the economy and the job market.

“You think about things that many of us have never done.”

Financial experts added another good sign: This generation seems to be particularly preoccupied with debt: specifically credit card and student loan debt, and how best to avoid and manage them.

S.I. man charged in main money-laundering scheme for drug traffickers. Over $28 million modified arms, say feds.

STATEN ISLAND, NY – A Staten Island man played a key role in a ring that laundered over $ 28 million for drug trafficking organizations in the United States and Mexico, authorities claim.

Dielong Wu, 58, was among seven defendants, officials said.

He was the only defendant in the county.

Five defendants, including alleged ringleader Ying Sun, 65, are from California. The remaining suspect is from Queens.

Authorities said Sun led the group for about a year and a half from November 2019 to May 2021.

During that time, he received large sums of money that were laundered by drug dealers in the United States and Mexico, officials said.

From April 2020 to April 2021 alone, Sun arranged more than 130 cash pickups in 23 states, with drug trafficking revenues totaling over $ 20 million, authorities said.

Wu and the five other defendants took the money, then transported it and deposited it with private banks, officials said. In some cases, they transferred the money to different people or institutions, the authorities said.

According to an indictment, Wu made 11 cash withdrawals for over $ 1 million between April 28 and May 4 last year.

Sun arranged the pickups in and around Staten Island, the Bronx and Philadelphia, the indictment states.

On May 4, Wu Jie Lin, 58, handed a co-defendant a bag of cash in or around Mount Laurel, NJ, the indictment said.

After that, the authorities confiscated about US $ 300,000 from Lin and one other person when they tried to deposit the money with a retail bank, the indictment said.

During the investigation, authorities confiscated over $ 6.5 million from the group of defendants, officials said.

Authorities said they secured an additional $ 8 million in assets attributable to illicit revenue laundered from the ring.

Six of the defendants, including Wu, were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transfer business.

The charges are subject to maximum sentences of 20 years and five years behind bars.

Wu was arrested Wednesday and remains vacant on a $ 250,000 bond, online court records show. His community was not immediately available.

He was charged in federal court in Manhattan.

“Mr. Wu has made a plea not guilty and as such we intend to fight these allegations aggressively,” said Xavier Donaldson, the defendant’s attorney.

The arrests were announced by Ray Donovan, Special Envoy for the New York Department of the Federal Drug Administration, and Audrey Strauss, US attorney for the New York Southern District.

“One of the most powerful criminal elements in transnational drug trafficking organizations is money laundering,” Donovan said in a statement. “As with any business, the ultimate goal of drug trafficking is profit. These money laundering networks provide human traffickers with an invaluable service by transferring their ill-gotten gains around the world. “

Robert Englund says Freddy Krueger’s position modified his life | Leisure Information

Robert Englund admits that playing Freddy Krueger has made him an international star.

The 71-year-old actor played an icon in A Nightmare on Elm Street in 1984, and Robert confessed that it changed his life and career.

Robert, who also appeared in the TV miniseries “V” at the beginning of his career, explains: “I was lucky. I played my best friend and pal in the ’70s, but it ended up being everyone’s favorite redneck. I was already started in Holly Strange, who am I? I would know. When I was doing Freddie, it hit me with an international actor overnight.

“I’ve never had such a success. It was like grabbing a carousel ring. I understand, I was just waiting. “

Robert admitted that the new technology contributed to the success of the Nightmare on Elm Street franchise.

And given the popularity of various spin-offs, including other films and TV series, Robert now believes he is his “third generation fan”.

He told the Inside of You podcast, “My career matured during the video revolution, so I shot the film in the theater and became a hit again when it was released on video for everyone else to see. I’ve been twice that … and the TV series doesn’t count.

“And I not only have eight times as much, but also DVDs and Blu-rays, cables and cable marathons again. So you’re getting a new generation – I’m my 3rd generation fan. “

Robert Englund Says Freddy Krueger’s Role Changed His Life On Entertainment News

Source link Robert Englund Says Freddy Krueger’s Role Changed His Life On Entertainment News

How Angela Deem’s Type Has Modified Over The Years

Angela Deem looks very different now after her 100 pound weight loss surgery, but the 90 day fiancé cast member has also made a change in her wardrobe.

The explosive Angela Deem is high on the list 90 days fiance News updates these days thanks her shocking weight loss surgery and mind-boggling makeover. In addition to losing the £ 100, native Georgian Angela also received a major fashion upgrade. Those who see Angela on her Instagram can’t believe it’s the same mother of two daughters and grandmother of six they met on their 90-day fiancé in 2018.

Little knew when 52-year-old Angela fell in love with 30-year-old Michael that three years later her romance would be talk of the reality TV town. To date, Angela has been involved in numerous 90-day spin-offs from Fiancé, including the current season of 90 Day Fiancé: Fortunately, to the End?that was shot last year. But with the journey that began for Angela on the show in August 2020 and is now reaping its results on social media, another side of the meemaw is beginning to show itself. Looking two years younger and more energetic than ever before has husband Michael fears that she might leave him for a new man, while Operation Angela is just one word from 90-day fiancé fans after weight loss in 2021 – great.

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Connected: 90 Day Fiancé: Mystery Fan Offers Angela Deem Donor Eggs In Cameo Review

90-day fiancé superstar Angela lost tons of weight to instill more confidence in her skin, changing her fashion from the skin-tight and relaxed style she rocked during her reality TV debut. In her very first scene, when Angela was playing a replica British tea party with her grandchildren and daughter Scottie Deem, she wore a loose cotton print shirt and capri pants. But for the rest of the season, Angela mostly wore plain T-shirts and split blouses with spaghetti straps and unkempt hair, which became a signature for the nurse.

Angela often gave away the low-cut tops when she used her chest as a handbag. The tight shirts gave the 90-day fiancé plenty of space for her cell phone, cigarettes, maybe a pack of Kleenex and much more. But with Your chest is now two pounds lighterAngela has thought about what she is wearing, measured against her before and after the photo shoot of Us weekly. Now Angela seems to be dressing more of her age, in classy wrap dresses and hair in a long blonde ponytail.

The latest photos of Angela after l100 pounds is from Mother’s Dayin which the 90 days fiance Star showed her slim figure in a black mini dress with a thin strap. Although Angela is careful not to reveal what she looks like now, fans can find that her personal style shift has come a long way along with her body. Part of the big change in her appearance is thanks to Angela’s clothes. Maybe 90 Day Fiancé: Fortunately, to the end? Season six will bring out Angela’s makeover to the full from the tip of her head to tiptoe.

Next: 90 Day Fiancé: Angela Deems Dr. Obeng was named the Hottest Man in Season 6

90 Day Fiancé: Fortunately, to the End? airs Sundays at 8 p.m. ET on TLC.

Source: Us weekly

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Patton Oswalt wears a live action MODOK suit in a new BTS picture

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‘Fastball Freddy’ Peralta has modified his fashion in Brewers’ rotation

ST. LOUIS – “Fastball Freddy” really isn’t “Fastball Freddy” anymore.

When Milwaukee Brewers right-handed Freddy Peralta entered major leagues on Mother’s Day 2018 at the age of 21, he was dubbed Fastball Freddy for obvious reasons. He threw his fastball 78% of the time this season and again in 2019, interfering with a curveball and a very infrequent move on occasion.

Peralta’s repertoire changed during the 2020 season shortened by the pandemic when, according to FanGraphs, he used a newly developed slider that he tossed 24% of the time. As a result, his fastball consumption dropped to 66%.

That brings us to this season and even less to Peralta’s dependence on his fastball. Granted, we’re only talking about two appearances – one in relief and a start – that cover seven innings, but if this is a preview of how Peralta will line up throughout the season, he’ll be a heavily transformed pitcher.

During those two outings, Peralta used his fastball less than half the time (49%), while 42% of the time he threw his slider and used his switch more (6%) with just a pinch of curveballs. When he started against the Cubs in Chicago last Tuesday, Schlager found it hard to adjust to Peralta’s new style as he tossed five innings with one hit, four walks and eight spikes.

“You looked a bit uncomfortable with my slider,” said Peralta, who will face the Cubs for the second year in a row at American Family Field on Monday night. “They were probably looking for more fastballs than sliders.

“I saw that a bit, and so did (catcher) Omar (Narváez). So we used the slider a bit more that day. We’ll see what we can do now. The plan is to attack the thugs and see the reactions they will have. “

Brewer’s pitching coach Chris Hook said developing reliable secondary pitches, especially the slider, has given Peralta more weapons to keep thugs off his fastball, which has averaged a career height of 94.5 mph.

“I think we overlook how difficult it is to get big league players out with a pitch,” Hook said on Sunday. “It’s stressful. Freddy was able to do that. He’s capable of pitching guys out, but I think there’s a freedom he feels and I think you see that now. “I have a slider. I have change. I have a curveball. I have options. I never feel like I’m stuck and I have to pitch a perfect pitch. ‘

“I think that’s what we look forward to at Freddy when a jug blossoms that can throw four spaces in each count. Obviously, against the Cubs, you could see that the slider works for both sides in behind-the-count situations. We’re really looking forward to that at Freddy. This is a guy who has some freedom out there and serves up like that. “

That brings us back to the nickname “Fastball Freddy”. If Peralta only throws this pitch half the time, will it really still fit? And if you changed it what would be a new nickname?

Peralta smiled when she asked that question.

“I don’t know,” he said. “I like that nickname ‘Fastball Freddy’ but I don’t know if they’ll keep calling me that because it’s different now. I heard a few days ago that people were talking that it wasn’t ‘Fastball Freddy’ anymore.

“I like ‘Fastball Freddy’ but I don’t know what’s going to happen.”

Run to the ground

Rather than picking spots, manager Craig Counsell is a big advocate of getting players called to the majors on the grid as soon as possible.

Such was the case for veteran utility player Jace Peterson, who started both games on second base after Kolten Wong moved to the injured list.

Peterson took a 3-0 lead on his Saturday debut but managed to put together three high profile bats, seeing nine spots in his first, six in his second and seven in his third.

“It’s always good,” said Peterson. “That’s kind of my role on this team and what I signed up for, being the type of guy who can be called up and have a depth that they can count on. So so I can start right away, it just shows that the team has faith in me to get me out of there. “

Prior to joining the 26-man squad, Peterson was part of the group of players who trained in Milwaukee before moving to the alternate training venue in Appleton, which opens Monday.

In non-COVID-19 times, Peterson would have been in the minor league season with Class AAA Nashville. Instead, he and most of the others expected Sounds traveled to Texas to play the final exhibition games, and then to Milwaukee after camp ended.

“I’ve been telling some of the younger guys that this isn’t as bad as it used to be when they played in some of the minor league stadiums,” said Peterson, who has seen his share of bus rides with 540 minor-league -Games over eight seasons.

“To be able to train in the facility and have the food and have the boys from the big league clubhouse and the big league clubhouse is very special. We were able to start our work and the whole big league has equipment.

“It was really nice for us to go out and get better and play a few games.”

Peterson, who turns 31 on May 9, played 26 games with the Brewers in 2020, hitting .200 with two home runs and five beaten runs. He also started games in five spots – six on right field, three on third base. two in the left box, two on the first base, and one on the second.

He returned to the group as a non-squad player in the spring, but only collected 16 bats in 11 games while dealing with a nerve problem in his left thumb that eventually led him to travel to Los Angeles for the receiving the same cryotherapy treatment as Ryan Braun and Lorenzo Cain had in previous years.

“It was one of those things that just appeared out of nowhere,” said Peterson. “Just one of those things that I kind of had to deal with and that we had to manage, and we got there and we got the right treatment, we could take the right steps to do better.”

“Hopefully it will continue to be like that. I am just happy and glad that we are breaking away from it and continue to get stronger and better.”

Shaw can choose it too

Third baseman Travis Shaw scored some big hits early on, but his real worth came into play in the Brewers 9-5 win over the Cardinals on Saturday. He stabbed Nolan Arenado with an extra base hit with a backhand stab in the third inning and stole a hit with a diving game to his left from Austin Dean in the fourth.

“They have a lot of righties in their lineup and with (Adrian) Housers Sinker I know it’s going to be a pretty busy day over there,” Shaw said. “Defense is something I’ve always been proud of throughout my career. I don’t like being seen as a one-sided player.

“I’ve tried to get better every year. Now that I’m getting a bit older (30) I still have some maintenance to do there, but overall (Saturday) was a pretty good day. I thought I played very well there. Anytime you help your pitcher and play a few games, it always feels good. “

Shaw ran so well on the field that he even played a carom from runner Justin Williams on third base in sixth on a Tommy Edman grounder and threw it on first base. Williams was called in for fair territory interference so Shaw didn’t need a game.

“I’ve never seen a guy get hit like that on the third base,” Shaw said. “I had to finish the piece, but it didn’t matter. We were lucky with that. “

Commenting on his start to the season, Shaw said, “My swing is in a good place right now. I just have to take what they give me. I hit a few more balls on the opposite field to try to overcome the (infield) shift and open up some other holes.

“The strength will come in the course of the season. So I take the hits I can get now, get on the base and do what I can. I just want to keep going. “

How Egyptian leisure has modified below army rule

H.ESHAM ASHMAWY was run twice. Egypt’s most wanted man, an army officer turned jihadist, was hanged from the public in March 2020. Two months later, millions of Egyptians watched the “execution” of an actor who played him on “The Choice,” a television program about terrorism produced by the state secret service. To promote the episode, the spy agency posted videos of Mr. Ashmawy’s actual execution. “The Choice” (pictured) was one of the most watched programs last year during Ramadan, the high season for Egyptian television.

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Egypt’s television and film industry has long been the envy of the Arab world. During the 20th century, films were one of the country’s greatest exports. From Rabat to Baghdad, the Arabs learned to imitate Egypt’s distinctive dialect through its hugely popular musicals and comedies. Trade gave Egypt cultural influence – and its rulers a propaganda tool. When the cinemas first opened in the 1930s, King Fuad was playing newsreels in which he applied before the feature films. President Gamal Abdel Nasser, in turn, made sure that films portray the monarchy he overthrew as corrupt and evil.

But Abdel-Fattah al-Sisi’s obsession with controlling entertainment is extreme, even by Egyptian standards. Two years after he and other military officials toppled the country’s first democratically elected president in 2013, Sisi warned television stars that if their work did not reflect the state’s positive outlook, they would be “held accountable”. Mr Sisi, now president, nationalized the media out of name and let his men control which shows were being broadcast. In 2016, a state intelligence company began buying Egypt’s largest private television network. As of 2018, one of its subsidiaries, Synergy (maker of “The Choice”), has produced most of the major shows that aired during Ramadan. “It’s a monopoly,” says one filmmaker.

Egypt has always had censors. Under Hosni Mubarak, president from 1981 to 2011, they allowed films to depict police brutality, corruption and even homosexuality. Estimated films from that time would be blocked today, producers say. Sexual innuendos, which used to be common, are forbidden. Extreme poverty cannot be shown lest people believe that Egypt has problems. And the security services have to be portrayed as good guys. The regime believes that old films showing dirty police officers protested against the police in the 2011 Arab Spring. That the protests may have been inspired by real dirty police officers does not seem to have occurred to Mr. Sisi’s henchmen. “The regime sees what happened ten years ago as a cultural failure,” said Ezzedine Fishere, a former diplomat under Mubarak.

Government-sponsored war films and heroic police dramas are popular enough, but Egyptian television is much less interesting than it was before the coup. And it faces growing competition. For years, Syrian and Turkish dramas broadcast by satellite vied with local soaps for Egyptian eyeballs. Now there are new production centers in Jordan, Saudi Arabia and the United Arab Emirates. Streaming platforms like Netflix and Shahid (owned by the MBC group in Saudi Arabia) offer viewers even more choices. One sign that Egypt’s soft power has declined is that Arab millennials typically understand the Egyptian dialect less than their parents.

However, Mr Sisi’s regime focuses on influencing the Egyptians. “The Choice” makes dubious claims about the Muslim Brotherhood, which held power before Mr. Sisi. “The Swarm,” also by Synergy, glorifies an Egyptian air strike that killed 40 jihadists and seven civilians (this part is not mentioned). “They’re putting in better talent, bigger budgets, and bigger stars,” says a Cairo-based director. “Even if it’s propaganda, the quality is much better.”

The second season of The Choice, which airs this month, will cover the Rabaa massacre in 2013 when hundreds of Brotherhood demonstrators were slaughtered by security forces (under the command of Mr. Sisi). Human Rights Watch, an advocacy group, described the event as “one of the world’s largest single-day killings of protesters in recent history.” The show was shot from the perspective of the heroic police, of course.

This article appeared in the Middle East and Africa section of the print version under the heading “Good Cops Only, Please.”

Dominick Cruz’s Fashion “Hasn’t Modified A lot” In Final 5 to 10 Years

Las Vegas, NV – Your next fight is always your biggest, as the saying goes. But at UFC 259 on Saturday night, Casey Kenney’s next fight is really his biggest.

That’s because it goes against former bantamweight champion and future Hall of Famer Dominick Cruz.

Kenney (16-2-1) is the aspiring junior player. But after 3-1 in 2020 and three wins in a row, he has the chance of his life on Saturday evening. The chance to break into the mainstream and land yourself in the top 15 of the stacked bantamweight division for sure.

“Sometimes when an opportunity presents itself, you have to seize it, and I think I did in 2020,” Kenney said during UFC 259 media day. “So here we are.”

Much has been made over the years about Cruz’s unique fighting style and absolutely superb footwork. Even his Campaigners have taken note. Kenny agrees that Cruz is unique – but maybe a little less these days.

“Every fighter I prepare for prepares me first. Sharpen everything I have and everything I have worked for and what I am working towards. At that level, of course, we have to take into account the fact that people like Dominick Cruz are a little bit unique, “said Kenny. “I think it was very unique 5, 10 years ago, but guys who change their attitudes, do their footwork, all that stuff – that’s something I’ve seen most of my career.”

With that in mind, the road to victory for Kenney may have been laid by Cruz’s final opponent, Henry Cejudo. Cejudo had great success with kicks at the beginning. “Dominick, he didn’t look much different in his last few fights. Like the Garbrandt, the Cejudo, the Dillashaw [fights]It looks like the same guy compared to you 5 to 10 years ago, “noted Kenney. “Obviously he has a high Combat IQ. I might expect a few curveballs too. But Dominick has his style and not much has changed in the last 5-10 years. “

Casey Kenney will face Dominick Cruz at UFC 259 this Saturday, March 6th at the UFC Apex in Las Vegas, Nevada.

How Shopping for See’s Sweet Modified Warren Buffett’s Model

In 1972 Warren Buffett (Trades, Portfolio) and his partner, Charlie Munger (Trades, Portfolio), made one of the most important deals of her career. Munger had convinced Buffett to buy See’s Candy for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), at what Buffett thought was a high price tag of $ 25 million. This was above the book value of the group and a multiple of 5.2 times the profit at the time. That might not seem expensive by today’s standards, but it was back then for Buffett.

In the years leading up to the deal, Buffett only bought stocks that traded at a deep discount to book value. Buffett followed in the footsteps of his teacher and mentor Benjamin Graham and pursued a strategy called net-net investing, which sought to buy stocks that were trading at a discount to the value of their net worth.

If a company were to trade at a discount to the value of its net assets, the buyer of that company would theoretically pick up the rest of the company for free (excluding the net worth). Buffett’s adherence to this mindset, however, began to wane after the deal of the lake.

Buffett and See’s Candy

In Janet Lowe’s book, “Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger,” the author gave an insight into why the deal was so transformative for Buffett and his partner.

“It was acquired at a premium over book [value] and it works, “Munger said in an interview with Lowe.” Hochschild, Kohn, the department store chain, was bought at a discount from the book and liquidation value. It didn’t work … Those two things together helped shift our thinking to the idea of ​​paying higher prices for better companies. “

The book also stated that as their business grew, Buffett and Munger realized they needed to deviate from bottom fishing. It was becoming increasingly difficult to find investments and buy those who found them in sufficient quantities to make a difference. As Munger said to the author at the time: “You could find value if you just rummaged through the pink sheets in the less traveled parts of the world – you would find many options.”

When Munger and Buffett realized how easy it was to run an excellent ongoing business that was generating steady profits when compared to the previously purchased high value stocks they had previously bought, their investment strategy changed completely.

“If we hadn’t bought See’s, we wouldn’t have bought a Coke,” Buffett said. “So thank you See’s for the $ 12 billion. We were lucky enough to buy the whole business, and that taught us a lot. We had windmills, well, I had windmills. Charlie was never in the windmill business. I ‘we had top notch Department stores, pumps and textile factories … “which in his opinion were almost as bad as problematic as the windmills.”

The book added a comment from Munger who stated that the duo should have noticed the benefits of paying for quality much earlier: “I don’t think it’s necessary to be as stupid as we are.”

I think Munger’s comments that the pair are “stupid” are a bit of an exaggeration as the markets are slow to change and it is not always obvious at first when your old strategy used to work so well. Even so, we shouldn’t overlook how important this deal has been in all of Buffett’s history. With the acquisition of See’s, the Oracle of Omaha bought its first “quality” business. He quickly realized how much easier it was to be an investor who bought good companies and just sat on them rather than constantly looking for new opportunities.

Since then, this mentality has defined his investment style. Today, both Buffett and Munger specialize in finding and sitting on good companies. This strategy has worked incredibly well over the years.

Disclosure: The author owns no mentioned part.

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About the author:

Rupert Hargreaves

Rupert is a committed value investor and regularly writes and invests according to the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter for institutional investors.

Rupert holds qualifications from the Chartered Institute for Securities & Investment and the CFA Society of the UK. He covers all value investing for ValueWalk and other freelance websites.

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