The New York Instances updates fashion information to ‘antisemitism,’ dropping the hyphen

(JTA) – The New York Times has updated its style guide and now prefers to use the spelling “anti-Semitism” over “anti-Semitism”.

The change was made in August but was not announced publicly at the time. Jewish insider reported the change on Tuesday.

The spelling of the term has been discussed for years. One of the loudest voices for omitting the hyphen was Deborah Lipstadt, the historian recently nominated by the Biden Administration as Foreign Ministry Envoy for Anti-Semitism. Lipstadt has argued that keeping the hyphen and the capital letter “S” implies the existence of a racial category called “Semite” that obscures the actual hatred of Jews. The International Holocaust Remembrance Alliance and the Anti-Defamation League also support the version without hyphens.

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Earlier this year, the Associated Press updated its style guide, used by media outlets around the world, including this one, to incorporate the hyphenated version of the word. The Jewish Telegraphic Agency followed suit and The Times accepted the change in August, which they announced in a memo to the newspaper’s editors.

“We’ll remove the hyphen and lowercase the S, which is now The Associated Press style and preferred by many academics and other experts. Those advocating anti-Semitism argue that the hyphenated form with the capital letter S may inadvertently add credibility to the discredited notion of Jews as a separate race, ”the memo reads.

The butterfly impact: Hidden methods firms are shedding cash

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This article was written by Garret Flower, CEO and Founder of ParkOffice.

When it comes to savings, companies often think very linearly. You are trying to reduce direct spending on staff, marketing, and so on. This has been the case for generations, but I believe this mindset tends to overlook the myriad of ways companies can identify and eliminate certain “invisible overheads”. It is time for companies to take advantage of the butterfly effect and identify the seemingly trivial things in their business that enable significant savings.

Management of back to the office has the potential to become very expensive for many companies. Fortunately, the pandemic has made an explosion in the Digitization of many workforces. This opens up a world of possibilities when it comes to the cost of go back to work.

So what should companies watch out for to make sure they are spending smartly while working smartly?

Avoid spending too much on maintenance and cleaning

With the return of the office, it seems sensible to double the cleaning and maintenance functions. Hygiene is of tremendous importance in fighting COVID-19, but in my opinion, aimlessly increasing spending here could be a cost that you just don’t need.

Think about it: With hybrid work, large parts of your office are empty for large parts of the week. Investing in good maintenance management software can save a lot of money. It would allow you to switch from ongoing flat-rate coverage to on-demand coverage. Gone are the days of maintenance staff patrolling the office looking for work to get done. With technology, everything can be reported and answered promptly and efficiently.

Get a handle on employee parking

Even poor parking management for employees before the pandemic costs companies a lot of money and also took its toll on employees. Research shows that up to 23% of the employees give up at some point in your professional life due to a difficult commute.

When employees return to the offices, the focus on parking will multiply. On the one hand, the reluctance to use public transport will boost demand. On the other hand, due to the hybrid working, the demand will be much more unpredictable.

Good software for parking space management ensures that the parking chaos never raises its ugly head again. By monitoring demand, providing real-time availability and automating parking allocation companies, all parking problems can be eliminated at the push of a button.

In the long term, the data and findings help companies determine the required parking space and thereby achieve greater direct savings through real estate reductions. Other benefits include increased productivity and time management for employees, and possibly even reduced stress.

Be careful with real estate reproduction

As the world of work opens up again, employers will see an increasing demand for off-site coworking. Research through the Enterprisers project shows that 83% of Americans believe a hybrid work model is preferable for them after the pandemic. I realize that many employees don’t want to return to work five times a week, but want to escape from the storage room.

Suburban coworking offices can benefit as companies fund their employees to work closer to home in more formalized shared environments. This all sounds great, except that most companies are already spending a lot of money on real estate for their office workers.

Tracking and balancing these flexible work expenses becomes more difficult over time. How does a company keep track of how often an employee uses their external hotdesk? How do you know when an employee decided to return to the office full-time?

Introducing a robust real estate spend management solution is a big step here for businesses to find their sweet spot and keep real estate waste to a minimum.

Don’t leave the lights on when no one is home

In the last ten years, intelligent lighting and heating systems in workplaces have increased noticeably. But again, in the context of the post-pandemic landscape, I believe that now is the most urgent time to make sure your business is secure.

Since entire floors may be unused on certain days of the week when companies find their hybrid work balance, companies can hardly afford to have lighting and heating for the entire building when demand is limited.

The advancement in IoT hardware and complementary SaaS solutions makes these systems very accessible for companies of all sizes and the return on investment is very measurable.

Beware of the catch-all software

One little warning I offer companies when they return is to be careful when buying software solutions. The pandemic got a lot of companies rolling, which means the market is now inundated with SaaS products that are still trying to figure out what they are doing. In other words, they don’t do what it says on the tin.

My advice is to avoid the one stop shop solutions that promise to do it all under the sun. Quite often, these software are expensive bugs. Once you purchase the solution, you realize that it does not have the features or product experience you need to solve the problem at hand.

You then have to embark on a whole new product journey to buy specialty products that eliminate the problems. Save time and money and buy the best products to solve your problems from day one.

Garret Flower is the CEO and co-founder of ParkOffice.io, employee parking management software that enables companies to optimize employee parking.

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Jeff Bezos’ Blue Origin shedding high expertise throughout NASA lander battle

Jeff Bezos, owner of Blue Origin, unveils a new lunar module called the Blue Moon during an event at the Washington Convention Center on May 9, 2019 in Washington, DC.

Mark Wilson | Getty Images

Jeff Bezos flew into space late last month, but his company has lost top talent since the billionaire space founder returned to Earth.

At least 17 key executives and senior engineers left Blue Origin this summer, CNBC learned, and many will follow suit in the weeks to Bezos’ space travel.

Two of the engineers, Nitin Arora and Lauren Lyons, have announced jobs at other space companies this week: Elon Musks SpaceX and Firefly aerospace, respectively.

Others have been quietly updating their LinkedIn pages over the past few weeks.

Any unannounced departure has been confirmed to CNBC by people familiar with the matter. Those departures include: Steve Bennett, Senior Vice President of New Shepard, Jeff Ashby, Head of Mission Assurance (who has retired), Scott Jacobs, Sales Director for National Security, Bob Ess, Senior Director of New Glenn, Tod Byquist , Senior Director of the First Tier of New Glenn, Senior Finance of New Glenn Manager Bill Scammell, Senior Manager of Production Testing Christopher Payne, New Shepard Technical Project Manager Nate Chapman, Senior Propulsion Design Engineer Dave Sanderson, Senior HLS Human Factors Engineer Rachel Forman, BE-4 Controller Lead Integration and Testing Engineer Jack Nelson, New Shepard Lead Avionics Software Engineer Huong Vo, BE-7 Avionics Hardware Engineer Aaron Wang, Propulsion Engineer Rex Gu, and Rocket Engine Development Engineer Gerry Hudak.

Those who announced they were leaving Blue Origin didn’t say why, but frustration with management and a slow, bureaucratic structure are often cited in employee reviews on the Glassdoor job site.

A company spokesperson highlighted Blue Origin’s growth in a statement to CNBC.

“Blue Origin grew by 850 employees in 2020 and we have grown another 650 in 2021 so far. In fact, we’ve almost quadrupled in the past three years. We continue to occupy important management positions in manufacturing. , Quality, engine design and vehicle design. We are building a team and we have great talent, “said the spokesman.

Some of the retired engineers were part of Blue Origin’s astronaut lunar lander program. Bezos’ company lost its bid for a valuable NASA development contract in April when SpaceX was announced as the only award winner under the Space Agency’s Human Landing System program, receiving a $ 2.9 billion contract.

But even though the Government Accountability Office last month rejected Blue Origin’s protest against NASA’s decision, the company has further escalated its fight to participate in the HLS program. Blue Origin launched for the first time a PR offensive against SpaceX’s Starship Missile and then NASA sued in federal court on Monday.

A $ 10,000 bonus

Jeff Bezos pops champagne after emerging from the New Shepard capsule after his space flight on July 20, 2021.

Blue origin

The company has nearly 4,000 employees in the United States, with headquarters in Kent, Washington, near Seattle, and offices in Cape Canaveral, Florida; Van Horn, Texas; and Huntsville, Alabama.

Ten days after Bezos’ space flight on July 20, Blue Origin gave all of its full-time employees an unconditional cash bonus of $ 10,000, several people familiar with the situation told CNBC. None of Blue Origin’s contractors received it. The company confirmed the bonus, with a spokesperson saying it was intended as a “thank you” for reaching the milestone of getting humans into space.

Two people told CNBC that the bonus was perceived internally as an attempt by corporate management to persuade talent to stay in response to the number of employees who filed resignations after the introduction.

A look at Glassdoor reveals a marked difference in employee satisfaction with the leadership of Blue Origin compared to that of other leading space companies. According to Glassdoor, only 15% of Blue Origin employees approve of CEO Bob Smith – up from 91% for Elon Musk at SpaceX or 77% for Tory Bruno at the United Launch Alliance.

The HLS fight

A model of the crew lander at NASA’s Johnson Space Center in August 2020.

Blue origin

NASA’s Human Landing System program is one of the critical parts of the agency’s plan, known as Artemis, to return US astronauts to the lunar surface.

Last year NASA awarded nearly $ 1 billion in concept development contracts for HLS – SpaceX received $ 135 million, Read‘Subsidiary Dynetics receives $ 253 million and Blue Origin receives $ 579 million. The space agency then expected to award two of these three companies for hardware development contracts this year. However, after a lack of requested funding for HLS from Congress, NASA decided to only give SpaceX a contract worth about $ 2.9 billion.

Blue Origin and Dynetics each quickly filed protests with the US Government Accountability Office, which stopped NASA’s work on the program until the protests could be resolved. GAO confirmed NASA’s decision on July 30th. On August 16, Blue Origin went one step further, sue NASA in federal court.

NASA has paid $ 300 million of its SpaceX contract to date, with payment being made on the day GAO declined to protest. However, the space agency’s work on HLS has again been suspended – this time due to Blue Origin’s lawsuit, according to court records on Thursday – and will not resume until November 1.

Big delays

Billionaire businessman Jeff Bezos will launch with three crew members aboard a New Shepard missile on the world’s first unattended suborbital flight from Blue Origin Launch Site 1 near Van Horn, Texas on July 20, 2021.

Joe Skipper | Reuters

Blue Origin has struggled to execute several large programs since Bezos hired Smith as CEO in 2017. Bezos founded the company in 2000 with the aim of “creating a future where millions of people in space live and work to help the earth”. Delays – although common in the industry where the adage “space is tough” is persistently heard – have pushed Bezos’ vision back. highlighted by the departure of Blue Origin’s Chief Operating Officer late last year.

Bezos launched to the edge of space as one of the members of the first crew aboard the reusable New Shepard rocket. Although the company didn’t disclose pricing, New Shepard is competing with it Virgo galactic in suborbital space tourism, with Blue Origin selling nearly $ 100 million worth of tickets for future passenger flights. Although New Shepard’s first crewed launch was a resounding success, Blue Origin leadership had previously expected the rocket to begin human launching by the end of 2017.

An artist’s illustration of a New Glenn rocket on the launch pad in Florida.

Blue origin

BE-4 engine test at Blue Origin launch facility in West Texas.

Blue origin

Blue Origin’s third major program is its stable rocket engine, led by the BE-4, which will propel its New Glenn rocket. The company previously said its BE-4 engines would be “ready to fly in 2017”.

However, four years later, development issues and a lack of hardware for testing mean Blue Origin has not yet shipped its first aircraft engines. ArsTechnica reports earlier this month. The company is pushing to have two BE-4 engines ready by the end of this year. BE-4s in particular are important beyond Blue Origin because ULA signed a contract to use the engines to power their Vulcan missilesPrefer Blue Origin Aerojet Rocketdyne as its supplier. ULA is pushing to have its first Vulcan rocket ready for launch by the end of this year, and Blue Origin’s BE-4 engines are expected to be one – if not the – last piece to be added before launch.

Bezos has spent most of the time focusing on over the past two decades Amazonbut on the way has steadily sold parts of its stake in the tech giant to Fund the development of Blue Origin – to the $ 1 billion a year, or possibly more. Last month, Bezos resigned as CEO of Amazon, with many in the space industry expecting him to focus more on his space business.

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SpaceX is shedding cash on its Starlink terminals, however sees decrease prices forward – TechCrunch

It may take a while for Starlink to reach profitability. The SpaceX project, which aims to deliver global high-speed broadband over a satellite network, sells its beta kits to customers for around $ 500, although it is much more expensive to manufacture, CEO Elon Musk said in an interview on Tuesday.

The kit contains a user terminal, a type of dish that connects the customer to the satellites and enables broadband access. “To be completely honest, we’re losing money at this terminal,” he said. “This terminal costs us more than $ 1,000, so of course I’m subsidizing the cost of the terminal.” He added that SpaceX is working on a next-generation terminal that can provide the same functionality but at a lower cost.

SpaceX’s total investment in the project could be anywhere from $ 5 billion to $ 10 billion initially and up to $ 30 billion over time as the company continues to make improvements and remain competitive with cellular technology improvements, he said.

Musk, who made these comments during a virtual keynote at the Mobile World Congress in Barcelona on Tuesday, also shared more details on the current status of Starlink. The project is well on its way to having over half a million users in the next 12 months, he said, and is operating in about 12 countries, with “more added every month”.

SpaceX is also about to launch version 1.5 of the satellite, which will feature laser intersatellite links to ensure continuous connectivity over high latitudes and polar regions. Next year the company will be releasing version 2, “which will be significantly more powerful,” noted Musk.

Starlink satellites roam the observations of a telescope. Photo credits: SpaceX

The project has entered into two partnerships with major telecommunications companies in the country, but Musk refused to mention their names.

Starlink is hard to imagine without SpaceX’s breakthrough in rocket reusability. “But we have to take that to another level [ … ] the Starship development, ”said Musk. This rocket will be designed for quick reusability – the ability to restart between flights with little or no time on the ground, similar to the capabilities of an airplane today.

Spaceships are key to Musk’s vision of building a base on the moon or a city on Mars. He said the company hopes to make its first orbital launch attempt with Starship in the next few months. SpaceX submitted an application for approval with the Federal Communications Commission (FCC) to fly Starlink terminals on the new spacecraft to demonstrate “high data rate communications” between the Starship launch system and the ground throughout the mission.

5 Methods to Keep away from Shedding Cash within the Inventory Market

You invest in the hope of building prosperity over the long term. When the stock market is doing well, it can feel good when your accounts increase in value. But when you enter a period of loss it can be very scary.

Nobody likes losing money, but negative years of stock market returns are inevitable. And while you probably can’t get around the bear markets entirely, these five things can help you avoid losing money.

Image source: Getty Images.

1. Set realistic expectations

When investing, your expectations of what you might earn should be realistic. And sometimes measures like average returns can be misleading.

For example, if you’ve invested in Large-cap stocks Between 1926 and 2020, you would have had an average return of 10.2%. And if you had achieved that return over 30 years, the $ 100,000 invested would have grown to $ 1.84 million.

But over the same period you would have had a high of 54% in 1933 and a low return of -43% in 1931. If it was the first time you invested in a year of losses, you might be wary of investing.

It is important to understand that your returns are not linear, but rather that an average is made up of positive, negative, and flat returns. And when you understand this, you can withstand the bad years.

2. Know the difference between a realized and an unrealized loss

When you look at your balance and find that it is lower than the previous month, it may feel like you’ve lost money. The numbers you see on your bank statement or when you log into your account are known as unrealized losses or gains. These numbers change for better or for worse over the course of a day Stock market Activity and will only be considered an actual loss or gain if you realize it by selling your inventory.

For example, if your balance was $ 10,000 last month and you suffered losses this month, it could now be worth $ 9,000. In reality, however, you would only lose money if you sold that investment before it returned to its original value. The stock market has always risen in value over the long term, and so should your investments as long as you stay invested.

3. Have a reasonable time horizon

How quickly you need your money can affect how well you invest your money along the way Stock market crashes. If you don’t need your money for 25 years and suffer a 30% loss, then you can shake it off knowing that your account value could return to that value in a few years. But if you plan to use the money next year, you might panic at the idea of ​​losing some of it.

Think about your time horizon before investing a dime. And the closer it is, the more conservatively you should invest. Without the risk of missing your target, losses don’t seem as devastating and you are less likely to forego investments due to a short-term decline.

4. Control emotions

Controlling your emotions is not an easy task, and when you lose money it can feel like it goes on forever. But declines have never lasted forever. Learning how to control your emotions when you are feeling this way can make all the difference between experiencing below par returns the benchmarks are lagging behind or keeping pace with them.

When you feel like the sky is falling and it looks like there’s no end in sight, visit again Stock market corrections the past can be helpful. Often times, even on some of the most extreme losses, those who stayed on course made up for their losses within a few years. If you had only invested in large-cap stocks from 2000 to 2002, you would have lost about 38% overall. If you had $ 100,000, it would have dropped to around $ 62,000. But by 2006 you would have won all your money back and would have been slightly ahead.

5. Invest according to your risk appetite

How do you feel about volatility? Do you barely notice it and find that it is a normal part of a market cycle? Or does it drop your stomach every time it happens?

You can make more in the long run if you have more aggressive investments, but in a year of losses, these types of investments could also lose more money. And if the losses seem too big, these investments may be too risky for you.

In this case, it can be more difficult to stay invested. Make sure that you are invested in accordance with yours Risk tolerance can help prevent this from happening. You should find one too Asset allocation model That fits your risk appetite, even if it results in a lower average return.

Investing should help you achieve your goals rather than further removing you from them. While your account value, which is increasing or decreasing regularly, is normal, there is no need to lose any money. If you control your fears, make sure you have appropriate investments, have realistic expectations about how your accounts will grow, and the timeframe in which those profits will come, you can avoid this.

Uber is dropping much less cash. Nevertheless it nonetheless faces one huge danger

The pandemic was a difficult time getting people from point A to point B.

For months, government rules and fears of catching Covid-19 meant everyone stayed seated. Eventually, however, there are signs of change – and Uber is excited.

“Uber has already started shooting at all cylinders,” CEO Dara Khosrowshahi told analysts after the company reported earnings on Wednesday.

What Happens: As the economic recovery accelerated in key markets like the US, the startup posted a net loss of $ 108 million in the first three months of the year. This is a dramatic improvement over the loss of $ 968 million in the last three months of 2020.

The company’s core business is still weak. The gross bookings for trips decreased by 38% compared to the previous year. However, the strong growth in grocery delivery, with bookings up 166% year over year, is helping Uber weather the storm.

However, even if customers return to the app, there is significant uncertainty about Uber’s relationship with its drivers.

Look here: Driver supply has been a problem lately as the company tries to convince people it is safe to promote drivers again. Khosrowshahi said the company is offering incentives to get old drivers back on the road and find new recruits.

“There is a greater reluctance for some drivers to come on board to drive other people as opposed to again. [driving] Eat, ”said Khosrowshahi.

The longer term problem is how Uber compensates its workers.

Earlier this year, the UK Supreme Court confirmed a decision that Uber drivers in the country should be classified as employees rather than independent contractors. This means that they are entitled to a minimum wage, vacation time and a pension.

Uber said Wednesday that it would need to allocate $ 600 million to address these changes.

It’s not the only place the tide could turn on Uber on employment issues. Tony West, chief legal officer, admitted that the company is actively engaging with officials across Europe on such matters. He said this was “really on the front lines”.

But the approach of the Biden administration is also increasingly being scrutinized. On Wednesday, the U.S. Department of Labor said it was withdrawing a Trump-era rule that would have made it easier for companies to classify gig economy workers as independent contractors.

“Legitimate entrepreneurs play an important role in our economy, but too often workers lose vital wages and related safeguards when employers misclassify them as independent contractors,” Labor Secretary Marty Walsh said in a statement.

Investor Acknowledgment: West said the current administration did not have a unified view of what “creates room for meaningful dialogue”. But investors may not be as confident. In premarket trading, stocks fell 4%.

GameStop and Archegos drama could trigger new SEC rules

A tumultuous start to 2021 has caught the attention of Wall Street’s top regulator as it ponders new rules following the GameStop trading frenzy and the collapse of the Archegos hedge fund earlier this year.

That’s according to Gary Gensler, chairman of the Securities and Exchange Commission. Gensler will testify to the House Financial Services Committee on Thursday.

His prepared observations indicate a wide range of concerns about the functioning of markets and investor behavior, as well as a belief that stricter supervision may be needed. The SEC expects to release an employee report this summer evaluating recent market events.

In the meantime, here is a selection of what Gensler thinks:

  • On playful trading apps: “If we watch a movie that a streaming app recommends and that we don’t like, we may lose a few hours of our evening. If a fitness app encourages us to exercise, that’s probably a good thing. However, following the wrong prompt in a trading app could have a significant impact on a saver’s financial condition. “
  • How Robinhood Makes Money: “Higher trading volumes generate more payments for the order flow. This raises a number of questions: Do broker-dealers have inherent conflicts of interest? … Are broker-dealers encouraged to encourage customers to trade more often than is in the best interests of those customers? “
  • On social media: “I’m not worried about regular investors exercising their freedom of speech online. I’m more concerned about bad actors who may be using influential platforms. “
  • By and large, “Whenever major market events happen, it is a good idea to consider the risks they could pose to the entire financial system, even if the system holds up.”

Why Melinda Gates just got shares in a Canadian railroad

With Melinda and Bill Gates’ divorce, the division of their vast wealth is unlikely to result in fireworks and anger. That’s because the couple has a separation agreement, reports my CNN business colleague Jeanne Sahadi.

In Washington state, where Melinda Gates filed for divorce this week, a separation treaty promotes “amicable dispute settlement” and is binding unless the court determines for some reason that it was executed unfairly to a party .

Such an arrangement is typical of divorces of very wealthy couples, where the division of assets can be complex.

“There is 100% reason to believe the divorce will be amicable,” said prominent divorce attorney William Breslow.

See here: Just this week, Bill Gates transferred shares in AutoNation and Canadian National Railway worth around $ 2 billion to his wife, according to the SEC from his company Cascade Investments.

The Wall Street Journal also reports Melinda Gates now has a 4.9% stake in a Coca-Cola bottler worth around US $ 121 million and US $ 386 million in the Mexican broadcaster Televisa.

Next

ArcelorMittal, Edgewell Personal Care, Kellogg, Moderna, Papa Johns, Plug Power, SeaWorld Entertainment, Tapestry and Wayfair will report on the results before US markets open. Beyond Meat, Datadog, Expedia Group, GoPro, Groupon, Live Nation, Monster Beverage, Peloton and Square will follow upon graduation.

Even today:

  • The Bank of England announces its latest policy decision.
  • Initial U.S. jobless claims for the final week after 8:30 p.m. ET.
  • SEC chairman Gary Gensler testifies before the House Financial Services Committee at noon ET.

Coming tomorrow: April’s US jobs report is a crucial test of the country’s economic recovery.

Epic Video games Is Dropping An Absurd Quantity Of Cash On Unique Video games

Epic Games seems to understand that given its leadership position and massive current user base, Steam is only suitable for gaming if you have games that you cannot play on Steam – at least for a period of time. Exclusivity deals with third party companies cost money, and it looks like Epic Games is losing a ton of money to make that exclusivity possible. Epic Games CEO Tim Sweeney doesn’t seem to be concerned about this, however. In fact, he seems pretty proud of it.

As discovered by PC playerDespite paying approximately $ 444 million for “minimum warranties” on third-party games for the Epic Games Store in 2020, sales of all third-party games for the year were approximately $ 265 million. Apple said that Epic Games lost around $ 181 million on the Epic Games Store in 2019, bringing the total losses to over $ 300 million so far if those numbers are correct. Big games like Metro Exodus and Control were first released on EGS before later making their way to Steam. At that time, the respective game companies were criticized for this decision, especially at Metro. It has since become a fairly common practice.

Metro Exodus – Official Launch Trailer

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Apple used these numbers in a statement as part of its lawsuit against Epic Games, stating that the service is unprofitable and lacks security features that are included in Apple’s App Store. It has been suggested that most of Epic Games’ Fourteen days Revenue is also generated on platforms other than iOS, which would apparently mitigate the effect that the game is no longer available there.

Epic Games CEO Tim Sweeney doesn’t seem the least bit concerned about the loss of revenue. He confirmed Apple’s estimates on Twitter, noting that it was an investment in the business and “a fantastic achievement in reaching gamers with great games.”

These loss numbers are still relatively small overall compared to Epic Games. The company was valued at more than $ 17 billion last August after securing additional funds. And although Fortnite has not been available on iOS for months, it can continue to be successful on other platforms.

The trial of Epic Games against Apple begins on May 3rd. The result could determine not only whether Fortnite can return to Apple devices, but also whether Apple can retain the monopoly on digital purchases on its platform.

WNY raises cash for nail tech shedding eyesight

BUFFALO, NY (WKBW) – Thanks to the Buffalo Strong Spirit of western New Yorkers, a woman can keep her eyesight.

Karla Marshall, 24, is an aspiring nail technician who was diagnosed with keratoconus in 2019. The disease causes them to see double and potentially go blind if left untreated.

After visiting several ophthalmologists, her insurance would not cover the cost of the individual surgery that would save her eyesight, nor the special contact lenses she needed to see properly.

Karla went to GoFundMe.com to cover the cost of both and hit the $ 8,000 goal after a month.

If you want to continue donating to Karla’s GoFundMe, click Here.

She also says that she will update people on her journey through their TikTok page.

Faculties are serving fewer meals and dropping cash

Die Food-Service-Assistenten Rose Dulac (links), Kathy Laliberte, Diane Pelletier und Terry Carver bereiten am Freitag an der Lewiston High School ein warmes Mittagessen vor. Die Mitarbeiter bereiten täglich etwa 700 Frühstücke und knapp 700 Mittagessen in der Schule vor. Die Mahlzeiten werden an Studenten aus neun Orten in Lewiston verteilt. Küchenmanagerin Rhonda Hart sagte, dass jeden Tag vor Beginn der COVID-19-Pandemie 1.100 Mittagessen geliefert wurden. Daryn Slover / Sun Journal Kaufen Sie dieses Foto

Die Schulen erwarten für das nächste Geschäftsjahr weniger Bundesmittel für Verpflegungsprogramme.

Beschuldigen Sie die Pandemie.

Das Lewiston-Schulernährungsprogramm geht davon aus, dass es Zehntausende von Dollar an Bundeserstattungen verlieren wird, weil es in diesem Jahr weniger Mahlzeiten serviert.

“Es gibt einen interessanten Trend in Maine und im ganzen Land”, sagte Alisa Roman, Direktorin des Ernährungsprogramms der Lewiston Public Schools und Präsidentin der Maine School Nutrition Association.

“Die Schulen kriechen: ‘Oh meine Güte, was machen wir jetzt?'”, Sagte sie kürzlich in einem Telefoninterview. “Für die meisten wird es definitiv eine Herausforderung sein.”

Andere Distrikte – einschließlich der in Polen, Farmington, Rumford und Paris ansässigen – erwarten ebenfalls weniger Geld vom US-Landwirtschaftsministerium, das Schulmahlzeiten ganz oder teilweise finanziert.

Die Mahlzeiten entsprechen den Einnahmen für diese Programme.

In den Schulen ist die Teilnahme an Mahlzeiten aufgrund von Fernunterricht zurückgegangen: Kinder essen zu Hause, wenn sie nicht in der Schule sind, sagte Roman.

Ein weiterer Faktor ist, dass Ernährungsprogramme in dieser Zeit nicht zu Personalabbau geführt haben, sagte sie.

“Wir haben diese Formel für potenzielle Katastrophen im ganzen Staat entwickelt, indem wir für Arbeit bezahlt haben, versucht haben, uns zu halten und die Teilnahme nicht zu bekommen”, sagte sie.

Die Programme bleiben voll besetzt, weil sie diese Leute brauchen werden, wenn sich die Dinge wieder normalisieren, sagte sie.

Sie sagte, einige Schulbehörden hätten bereits zugestimmt, Geld in die allgemeinen Mittel ihrer Bezirke zu stecken, um den Verlust von Bundesmitteln zu ersetzen.

Das könnte die Steuerzahler betreffen, sagte sie.

“Mein positiver Aspekt ist, dass einige Distrikte seit letztem März (als die Schulen geschlossen wurden, um die Verbreitung von COVID-19 zu begrenzen) ununterbrochen kostenlose Mahlzeiten anbieten”, sagte sie. “Ich möchte argumentieren, dass niemand hören will, dass es die Steuerzahler betrifft, aber dass das Geld gut angelegt ist, um sich um die Gemeinschaft und die am stärksten gefährdeten Menschen zu kümmern.”

Lewistons Ernährungsprogramm, eines der größten des Bundesstaates, beläuft sich normalerweise auf rund 4 Millionen US-Dollar und dient 85% der 5.000 Schüler an städtischen Schulen, sagte Roman. Sie schätzt, dass die Teilnahme in diesem Jahr um etwa 60% gesunken ist.

Laut Walter Beesley, Direktor des Ernährungsprogramms des Bildungsministeriums von Maine, liegt die Beteiligung landesweit bei etwa 70%.

“Es scheint, dass der Hybrid (teils persönlich, teils fern) und voll fern (Unterrichtsmodelle) sowohl das kostenlose Frühstück als auch das Mittagessen und weniger das Frühstück beeinflusst haben”, sagte Beesley.

Bundesverzichtserklärungen haben es allen Schulbezirken in Maine ermöglicht, allen Kindern bis 18 Jahre während des gesamten Schuljahres kostenlose Mahlzeiten anzubieten. Diese Ausnahmeregelungen wurden kürzlich bis zum 30. September verlängert.

“Das Ziel der Schulen ist es, jedem Kind eine Mahlzeit anzubieten, die sicher, nahrhaft und von hoher Qualität ist”, sagte Beesley. “Dies ist ein stabiler Teil des verkehrten Lebens unserer Kinder.”

Terri Fortier (links) und Wendy Swab geben den Schülern des Lewiston Regional Technical Center am Freitag an der Lewiston High School ein Mittagessen. Schüler aus jedem Klassenzimmer bringen einen Mülleimer mit, um das Mittagessen zu ihren Klassenkameraden zurückzubringen, da sich die Schüler aufgrund von COVID-19-Einschränkungen nicht in der Cafeteria versammeln können. Daryn Slover / Sun Journal Kaufen Sie dieses Foto

Einige Bezirke verzeichnen in diesem Jahr einen Anstieg der Essensbeteiligung, während andere einen Rückgang verzeichnen, sagte er.

“Das Programm wird in einigen Distrikten von Kindern nicht ausreichend genutzt, und insgesamt ist es in Maine sehr wenig ausgelastet”, sagte Beesley. “Die Schulen in Maine sind bereit, unseren Kindern mehr Mahlzeiten anzubieten.”

Schulernährungsdirektoren trafen sich in der vergangenen Woche per Videokonferenz mit der Kongressdelegation von Maine, um sie zu drängen, zu helfen, sagte Ellen Dore, Direktorin des Ernährungsprogramms der RSU 16 (Polen, Mechanic Falls, Minot).

“Unsere große Bitte war es, die Ausnahmeregelungen (bis zum Schuljahr 2021-22) zu verlängern, damit wir weiterhin kostenlos Kinder ernähren können, um den Eltern zu helfen”, sagte Dore.

Ihr Programm läuft rund 700.000 US-Dollar pro Jahr, einschließlich Arbeit, Versicherung und Essen, sagte sie.

In den vergangenen Jahren hatte es ein Defizit von etwa 1.000 USD pro Monat. In diesem Jahr beträgt dieses Defizit fast 10.000 US-Dollar pro Monat, sagte sie am Donnerstag.

Sie sagte, dass die Mahlzeiten direkt zu den Häusern für Kinder geliefert werden, die Fernunterricht erhalten.

“Dieser Bezirk ist sehr ländlich”, sagte sie. „Wir haben versucht, am Straßenrand zu fahren, aber viele Familien hatten kein Auto. Sie hatten keine Möglichkeit, zum Essen zu gelangen. “

Die Mahlzeiten müssen zur Lieferung in versiegelten Schalen verpackt werden, sagte sie. “Diese Dinge sind nicht billig.”

Ob der Distrikt nächstes Jahr weniger Geld vom USDA erhält, hängt davon ab, ob die Finanzierung auf den diesjährigen Zahlen basiert, sagte Dore.

“Wenn ich raten müsste, würde ich weniger sagen”, sagte sie.

Sie hofft, dass die verlängerten Verzichtserklärungen (bis zum 30. September) dazu beitragen werden, die Kassen zu füllen, sagte sie. Sommergerichte erreichen viele Kinder.

Wenn nicht, müsste sie möglicherweise das Programm umstrukturieren, sagte sie.

Was auch immer passiert, ihre Mitarbeiter werden mitspielen, sagte Dore.

“Wir machen das seit einem Jahr und versuchen nur, die Kinder zu ernähren und die Dinge so normal wie möglich zu halten”, sagte sie. „Ich habe hier eine fantastische Crew. Sie sind mit jeder Änderung, um die ich gebeten habe, und ohne Rückschlag gerollt. “

In RSU 10 (Rumford und Buckfield) wurden in den Schulen weniger Mahlzeiten serviert, aber die Lieferung von Mahlzeiten hat dazu beigetragen, die Bücher auszugleichen, sagte Jeanne LaPointe, Direktorin des Ernährungsprogramms.

In einem normalen Jahr läuft das Programm bei etwas mehr als 1 Million Dollar, sagte sie. Sie sagte, sie würde bis zum Ende des Geschäftsjahres (30. Juni) nicht genau wissen, wie sich dieses Jahr vergleichen wird.

Sie weiß, dass das Programm keine schwarzen Zahlen schreibt, sagte sie.

“Dieses ganze Jahr war kein Jahr, für das man überhaupt versuchen konnte, einen Plan zu erstellen – es war nur eine Verschiebung in dem, was wir tun”, sagte LaPointe. „Kinder in Cafeterias ernähren, in Klassenzimmer und Abgabestellen liefern, insbesondere an Familien, die sich in Quarantäne befinden.“

Sie sagte, sie sei dankbar, dass die Biden-Regierung den Verzicht auf kostenlose Mahlzeiten rechtzeitig verlängert habe.

“Unter der letzten Regierung kamen die Verzichtserklärungen aus Washington heraus”, sagte sie. “Wir haben erst eine Woche vor Beginn der Essenslieferung im letzten Jahr herausgefunden.”

Sie sagte, dass das Memo des USDA in der vergangenen Woche, in dem angekündigt wurde, dass es „Verzichtserklärungen vorantreibt“, den Programmleitern genügend Zeit geben wird, um zu planen.

Wenn der Distrikt weniger Bundesmittel erhält, wird sie nach Zuschüssen suchen und versuchen, im Sommer und im nächsten Schuljahr mehr Einnahmen zu erzielen, sagte LaPointe.

Der Schulbezirk Oxford Hills (Norwegen-Paris) hat „definitiv“ weniger Mahlzeiten serviert, sagte der Direktor des Ernährungsprogramms, Jody Truman.

Bis Ende Februar seien etwa 70.000 Mahlzeiten weniger serviert worden, sagte sie. Das sind etwa 37% weniger als die normalen 193.000 Mahlzeiten, die zu diesem Zeitpunkt serviert wurden.

Der Rückgang hat trotz eines aggressiven Lieferansatzes stattgefunden.

Eltern oder Schüler können jeden Montagabend an der Oxford Hills Comprehensive High School in Paris Frühstück und Mittagessen im Wert von sieben Tagen abholen, sagte Truman.

Die Mahlzeiten werden auch den Schülern serviert, die persönlich am Unterricht teilnehmen, und die Mahlzeiten können tagsüber für Kinder abgeholt werden, die aus der Ferne arbeiten, sagte sie.

Wenn Schulen wegen COVID-19-Ausbrüchen schließen, werden die Mahlzeiten mit dem Bus geliefert, sagte sie.

Sie sagte, dass das Programm für den weitläufigen Stadtteil mit acht Städten rund 2 Millionen US-Dollar pro Jahr beträgt. Sie geht nicht davon aus, dass der diesjährige Umsatzrückgang einen entscheidenden Effekt haben wird.

“Ab sofort hat unser Distrikt ein selbsttragendes Food-Service-Programm”, sagte Truman.

Das Programm habe im Laufe der Jahre einen Kontostand durch ein À-la-carte-Menü an der High School angesammelt, sagte sie.

“Obwohl wir jetzt Geld verlieren, gehe ich nicht davon aus, dass wir rote Zahlen schreiben werden”, sagte sie. “Auch nach dieser Pandemie wird es uns gut gehen.”

Die Anzahl der für Schüler der Lewiston Public School zubereiteten Mittagessen ist gesunken, da die COVID-19-Pandemie es zu einer Herausforderung gemacht hat, die Mahlzeiten in die Hände der Schüler zu bekommen. Daryn Slover / Sun Journal Kaufen Sie dieses Foto

Andrew Hutchins, RSU 9 Food Service Director in Farmington, teilte dem Board of Directors am 23. Februar mit, dass er laut einem Bericht des Franklin Journal für das nächste Geschäftsjahr mit einem Verlust von 120.000 US-Dollar an Bundesmitteln rechne.

“COVID-19 war wirklich verheerend für unser finanzielles Bild des Schulspeisungsprogramms”, sagte Hutchins gegenüber dem Vorstand und fügte hinzu, dass das Programm basierend auf der Anzahl der servierten Mahlzeiten finanziert wird.

Das Food-Service-Budget, das jedes Jahr die Gewinnschwelle erreicht, ist unabhängig vom Distriktbudget.

Laut dem Bericht hat RSU 9 eine Reihe von Kontaktprogrammen gestartet, um Mahlzeiten während der Pandemie zu servieren. Das Abholprogramm serviert täglich etwa 50 bis 60 Mahlzeiten, und der kürzlich eingeführte Lieferservice nach Hause bedient täglich etwa 125 Studenten, berichtete Hutchins.

Fernunterricht hat sich jedoch auf die Anzahl der Schüler ausgewirkt, die normalerweise im Rahmen des Ernährungsprogramms des Distrikts betreut werden.

“Es sind einfache Zahlen”, sagte Hutchins, “genau wie Restaurants den Spieß umdrehen müssen, um über die Runden zu kommen, müssen wir Tabletts drehen, um über die Runden zu kommen.”

Hutchins sagte, er glaube, der Distrikt müsse kein Geld für die Verpflegung in seinen allgemeinen Fonds aufnehmen.

“Sobald das Schuljahr beginnt, haben wir jeden Monat Geld, das ein- und ausgeht, und wir können mit 150.000 US-Dollar (dem aktuellen Fondsguthaben) für das nächste Jahr problemlos überleben”, sagte er.

Beamte in Auburn und Lissabon sagten, sie hätten nicht damit gerechnet, Bundesmittel zu verlieren, weil weniger Mahlzeiten serviert würden.

Der Superintendent von Lissabon, Richard Green, sagte, der Einstadtbezirk habe eine „ähnliche Menge“ an Mahlzeiten wie im letzten Jahr serviert und keinen „signifikanten“ Rückgang der Mittel erwartet.

Chris Piercey, Direktor des Auburn Nutrition Program, sagte, der Distrikt ernähre weniger Studenten, erwarte aber keinen Mangel.

Andere sind sich nicht so sicher.

Aber für diejenigen, die mit Unsicherheit oder einem gewissen Verlust konfrontiert sind, gibt es Hoffnung, sagte Lewistons Roman.

Sie sagte, in der Gesetzgebung von Maine stehe eine Reihe von Gesetzen in Bezug auf Ernährungsunsicherheit, kostenlose Mahlzeiten und Programme für den Schulbesuch an.

“Wir folgen diesen Rechnungen und wir werden sehen, wo wir landen”, sagte sie.

Mitarbeiter des Franklin Journal schreiben Andrea Swiedom hat zu diesem Bericht beigetragen.

Terri Fortier bringt am Freitag an der Lewiston High School einen Wagen mit heißen Mittagessen zu den Schülern des Lewiston Regional Technical Center. Die Mahlzeiten werden in den LRTC-Flügel gebracht, da sich die Schüler aufgrund von COVID-19-Beschränkungen nicht in der Cafeteria versammeln können. Daryn Slover / Sun Journal Kaufen Sie dieses Foto

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Cash-Market Funds Create a New Time period for Dropping Cash

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While most experts don’t think negative interest rates are likely, the fund industry has recently begun explaining to regulators what to do just in case.

Reverse Distributions – a paradoxical term that sounds almost like Orwellian, like “war is peace” – is exactly what the Investment Company Institute, a fund trading group, describes a December report over Money market capital. The report was designed to address concerns that US money funds, after deducting their fees, cannot deliver even zero returns in a negative interest rate environment – as was the case in Europe since 2014.

How can distributions that you are supposed to receive work the other way around? The ICI paper describes a process in which, instead of an income payment, a reverse distribution mechanism or RDM “a [constant net asset value or] Negative return of the CNAV money market fund due to cancellation of shares in shareholder accounts. It offsets the negative return accrued daily (ie a decrease in the fund’s net assets) by reducing the number of fund shares outstanding. This process enables the Fund to maintain a constant Net Asset Value per Share, typically $ 1.00. “

In Europe, reverse distributions are referred to as much less appealing but simpler “stock destruction” or “stock cancellation”. These terms describe exactly what will happen.

The US $ 1 net asset value has been inviolable to retail investors in US money market funds since its inception in 1971, so investors can think of money market funds as bank accounts even though they are not insured nationwide. The few cases where money market funds have “broken the money” have been during times of extreme market stress. The last case was the decline in the Reserve Primary Fund to 97 cents in 2008 due to the Lehman brother’s bankruptcy.

RDMs create the illusion that investors are not losing money by maintaining the net asset value of $ 1 while the number of stocks goes down. However, the purpose is not to mislead investors, but rather to prevent the Net Asset Value from falling due to fees and falling returns in an environment with negative interest rates below $ 1. “In the current [zero interest rate] Surroundings, [money funds] waive more than half of their fees, ”said Peter Crane, president of money fund tracker Crane Data. “So instead of charging [0.28%], they are charging [0.13%] for now.”

Some money managers say that maintaining a net asset value of $ 1 even when the number of stocks goes down is easier for brokers selling funds to keep track of when they are depositing and withdrawing cash each day. “When you sweep [cash] At the end of each day, developing a stable net asset value product is pretty easy because it only costs one dollar to one dollar, ”said Deborah Cunningham, CIO of Global Liquidity Markets at Federated Hermes, who manages and carried $ 433 billion in marketable assets contributes to the ICI report along with other money market managers. “With this sweep mechanism, there are no computations of stocks versus price, whereas pretty much any other mechanism would require computations of stocks versus price.”

However, there is also a psychological dimension to getting the NAV of $ 1 instead of floating or “floating” it like a normal stock or bond fund. “Our investors want a constant NAV solution,” said Jeff Weaver, senior portfolio manager who oversees money market funds valued at approximately $ 200 billion

Wells Fargo

Asset Management, which also contributed to the ICI report. “You don’t want a floating net asset value.”

However, institutional municipal debt and premium money market funds already have a floating net asset value that can drop below $ 1 as a result a 2016 regulatory change. According to Weaver, Wells Fargo’s institutional clients want this not to be the case: “Clients in money market funds are trying to get the capital. If a net asset value fluctuates, there is a possibility that you will lose capital. “

Weaver compares the ICI’s report on RDMs to a “contingency plan” because the likelihood of negative interest rates in the US is “very small”. While the Treasury bills briefly fell into the negative yield territory during the pandemic crash last marchThe US has been in recovery mode since then.

However, the coronavirus remains an economic wildcard. The Federal Reserve Bank “said they didn’t want to go negative, but they never say never,” says Crane. “They’re getting another big shock to the economy, pushing us back down, and suddenly negative rates and deflation could be possible again.”

There could also be regulatory hurdles for RDMs. When European interest rates turned negative in 2014, some funds like the BlackRock ICS Euro Government were Liquidity Fund busy RDMswhich the ICI’s RDM design is similar to. Ultimately, EU regulators banned RDMs in 2018and said they weren’t “compatible“Had to use existing regulations and resources Changeover to floating NAVs.

If the RDM scenario is unlikely in 2021, why did the ICI publish a detailed report in late 2020? One reason was to make the RDM case public. The ICIs are issuing this not only for the people in the industry and their customers, but also for the regulators themselves to improve understanding [RDMs] could work, ”says Weaver. The other was customer concern. “The negative interest issue has been so persistent from the start of last year [of the pandemic crisis] In March you couldn’t have a conversation with a customer or colleague without discussing it [it]. ”

If RDMs were to take place, training investors would certainly be a challenge. “This is something that would be new to most investors, especially retail investors,” affirmed Jeff Naylor, director of operations and distribution for the ICI. “We highlight in the paper the need for a communication strategy for both the funds and the intermediaries.”

One thing that could help clear things up is not to refer to them as RDMs, but instead share the destruction. That would be less Orwellian.

Write to editors@barrons.com