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Minggu, 02 Februari 2020

Report says creepy exec made life hellish for Victoria's Secret 'Angels' - Page Six

It was hell out there for those “Angels.”

Victoria’s Secret models were constantly hounded by a creepy executive who made unwanted sexual advances and even once told supermodel Bella Hadid she had “perfect titties,” according to a New York Times investigation.

The executive, Ed Razek, 71, stepped down from its parent company, L Brands, in August — but not before fostering an “entrenched culture of misogyny, bullying and harassment” at the lingerie company, the paper found.

One model, Andi Muise, told the paper Razek had harassed her for months with intimate emails, once writing her, “I need someplace sexy to take you!”

Razek would watch Hadid and other models prepare for fashion shows and remark out loud on their appearance, the report said.

The executive denied the allegations to the Times, insisting they are “categorically untrue, misconstrued or taken out of context.”

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2020-02-02 09:50:00Z
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China central bank to inject $174 billion via reverse repos on February 3 - Reuters

SHANGHAI (Reuters) - China’s central bank said it will inject 1.2 trillion yuan ($173.8 billion) worth of liquidity into the markets via reverse repo operations on Monday, as the country prepares to reopen its stock markets amid a new coronavirus outbreak.

FILE PHOTO: A woman walks out of the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing November 20, 2013. REUTERS/Jason Lee/File Photo

China’s authorities have pledged to use various monetary policy tools to ensure liquidity remains reasonably ample and to support firms affected by the virus epidemic, which has so far claimed 305 lives, all but one in China.

The People’s Bank of China made the announcement in a statement published on its website on Sunday, adding the total liquidity in the banking system will be 900 billion yuan higher than the same period in 2019 after the injection.

According to Reuters calculations based on official central bank data, 1.05 trillion yuan worth of reverse repos are set to mature on Monday, meaning that 150 billion yuan in net cash will be injected.

Investors are bracing for a volatile session in Chinese markets when onshore trades resume on Monday after a break for the Lunar New Year which was extended by the government.

China’s stock, currency and bond markets have all been closed since Jan. 23 and had been due to re-open last Friday.

There will be no further delays to the reopening, the country’s securities market regulator said in an interview published by the state-backed People’s Daily newspaper on Sunday.

The China Securities Regulatory Commission (CSRC) said it had taken the decision after balancing various factors, and believed the outbreak’s impact on the market would be “short term”.

To support firms affected by the epidemic, the CSRC said companies that had expiring stock pledge agreements could apply for extensions with securities firms, and it would urge corporate bond investors to extend the maturity dates of debt.

The CSRC is also considering launching hedging tools for the A-share market to help alleviate market panic and will suspend evening sessions of futures trading starting from Monday, it said.

“We believe that the successive introduction and implementation of policy measures will play a better role in improving market expectations and preventing irrational behavior,” it told the People’s Daily newspaper.

China is facing mounting isolation as other countries introduce travel curbs, airlines suspend flights and governments evacuate their citizens, risking worsening a slowdown in the world’s second-largest economy.

On Sunday, the Philippines reported the growing epidemic of a coronavirus has claimed its first fatality outside of China, where new confirmed infections jumped by a daily record to top 14,000 cases.

Additional reporting by Samuel Shen and Winni Zhou in Shanghai; Editing by Lincoln Feast.

Our Standards:The Thomson Reuters Trust Principles.

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2020-02-02 07:37:00Z
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Sabtu, 01 Februari 2020

The Morning After: Fox, Roku and Super Bowl LIV - Engadget

Chicken wings are Super Bowl LIV's MVP with Americans expected to eat a record 1.4 billion wings - USA TODAY

Kelly Tyko USA TODAY

Published 2:59 PM EST Jan 31, 2020

The chicken sandwich may have finished 2019 as poultry's best player, but on Sunday, the chicken wing will be the MVP.

Super Bowl Sunday is the unofficial annual day of the wing; and this year, Americans are expected to eat a record 1.4 billion of them, 27 million more wings than during the big game a year ago, according to the National Chicken Council's annual Chicken Wing Report.

“Super Bowl is the single-biggest wing occasion,” National Chicken Council spokesman Tom Super told USA TODAY. “The demand for chicken has been increasing, and consumption is at an all-time high. But definitely around Super Bowl time, wings are king."

And to be clear, we're talking about the traditional bone-in wings – not boneless wings, which the Chicken Council's Super called "chicken breast with buffalo sauce."

For game day, he estimates two-thirds of wings will come from takeout and a third will be made at home. Super Bowl Sunday has been the No. 1 revenue day of the year for chicken wing restaurants, according to an analysis by Womply, a small-business software provider.

A good bet: More people will wager on this year's Super Bowl than ever before

'Super Bowl Fever': Millions of employees expect to ditch work Monday, survey finds

Super Bowl 2020: Big food day

This Sunday is likely to be one of the biggest party days of the year. According to the National Retail Federation's 2020 Super Bowl survey, nearly 194 million adults said they had plans for the game, which pits the San Francisco 49ers against the Kansas City Chiefs in Super Bowl LIV from Miami.

All the parties and food add up.

The retail group's survey estimates the average person will spend $88.65 on food and beverages, merchandise and party supplies, for a total of $17.2 billion nationwide.

Super Bowl Sunday is also still a big day for pizza chains.

It's one of Domino's top five busiest delivery days of the year in the U.S. The pizza chain says it typically sells about 2 million pizzas on game day, which the company says is 40% more than a normal Sunday.

What about plant-based?

While KFC and Beyond Meat announced this week an expanded test of plant-based Beyond Fried Chicken, the vegan-friendly "chicken" will miss Sunday's kickoff. The test starts Monday in more than 70 locations in Charlotte, North Carolina, and Nashville, Tennessee, and surrounding areas.

Sandy Sauter, executive chef of programs at The Culinary Institute of America, said there's also movement in "plant-forward" rather than "plant-based."

She said while Americans aren’t completely removing meat, they’re trying to make some substitutions and adding more vegetables and other plant-based ingredients into their meals, including on Super Bowl Sunday.

"One easy game-day swap is cauliflower," Sauter said. "We’re seeing a proliferation of Buffalo-style cauliflower on restaurant menus and this versatile vegetable also lends itself to other favorite wing sauces, including barbecue, sweet and sour and sweet chili pepper.”

Hosting a Super Bowl party?: Here are 15 things you need

Ad Meter 2020: Top Super Bowl commercials of all time

Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko

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2020-02-01 08:25:01Z
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Roku and Fox strike a last-minute deal to keep Super Bowl-streaming apps working - The Verge

For a moment, it looked Roku owners would be losing the highest-quality way to stream the Super Bowl for free, when the set-top box maker announced Thursday that it would abruptly pull Fox’s apps off the platform a day ahead of the game. But that won’t actually be happening.

Late Friday, Roku and Fox announced that they’ve reached a new agreement that will ensure the Fox apps keep on working without pause — and they’ll be restored to the Roku app store this weekend ahead of the game, Roku tells The Verge.

“We are delighted that we reached an agreement with FOX to distribute FOX channels on the Roku platform. Roku customers can stream the Super Bowl through FOX Now, Fox Sports and NFL in addition to other ways,” reads a statement from Roku.

“We are pleased to have reached a successful agreement with Roku. FOX’s leading suite of apps will continue to be available on the Roku platform,” reads a parallel statement from Fox.

Remember when we reported Thursday how the Roku icon had disappeared from Fox’s Super Bowl landing page? It’s back again, too — as if nothing ever happened.

As we’ve reported, the entire standoff was a heated carriage dispute playing out in the public realm, with each side hoping its customers would get angry enough at the other party to convince them to stand down. While Roku tried to convince customers to watch the game through other apps (like NFL, Fubo TV, Sling TV, and Xfinity), Fox poured on even more pressure on Friday by getting Fox News hosts like Sean Hannity and Laura Ingraham to rile up their audiences directly. We’ve definitely seen tweets from angry owners threatening to ditch their Roku.

Got a tip for us? Use SecureDrop or Signal to securely send messages and files to The Verge without revealing your identity.

It’s not clear who started the fight, or who gave in at the end. While each side blamed the other for pulling the channels down to begin with, neither Roku nor Fox would share any proof of that with The Verge. Nor are they sharing details of the new agreement now, though we’re hoping maybe some of those details eventually float our way.

But the situation did seem suspiciously similar to a tactic mentioned in a Bloomberg report this past December about how “Roku executives will threaten to cancel a channel if its owner doesn’t give Roku a larger cut of ad sales,” and we’re quite curious if Roku got its way. Roku holds a lot of power as the most popular streaming platform in the US, but then again so does Fox as the exclusive presenter of Super Bowl LIV.

Either way, we’ve now seen that over-the-top streaming platforms like Roku may be no better than a cable box in one key way: they can still hold subscribers hostage if there’s extra money to be made.

Roku’s true identity as a cable box that works over the internet revealed and not just an open platform for streaming apps coming through at the worst possible time: https://t.co/Ysb6w9O439
— nilay patel (@reckless) January 31, 2020

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2020-02-01 07:08:13Z
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Jumat, 31 Januari 2020

Teens have found a loophole in the e-cigarette flavor ban, report says - CNBC

Teens have found a loophole in the Food and Drug Administration's ban on most flavored e-cigarettes, The New York Times reported on Friday.

The Trump administration outlawed the sale of flavors like fruit and mint for e-cigarettes that use refillable cartridges earlier this month. While the policy targets teen-friendly flavors, it does not include tobacco and menthol varieties.

The regulation has other exemptions allowed by President Donald Trump, who received political pushback after suggesting a federal ban on all flavored e-cigarettes in September. The policy does not apply to non-refillable devices designed to be discarded, which teens have quickly taken advantage of, according to the Times.

Teens are now switching from cartridge-based brands like Juul to disposable e-cigarettes such as those made by Puff Bar, the report said. Puff Bar sells flavors like banana ice and watermelon, while Juul pulled all of its mint and fruit varieties in 2019.

Juul currently faces litigation concerning the company's role in the rise of teen vaping and is undergoing a $1 billion restructuring. Tobacco giant Altria, which partially owns Juul, announced yesterday that it took a $4.1 billion hit from its investment in the e-cigarette company.

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2020-01-31 19:14:00Z
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Consumer spending posts modest gain in December as inflation accelerates - MarketWatch

Consumers are spending enough to keep the U.S. economy growing for a record 11th straight year.

The numbers: U.S. consumer spending rose modestly in December to cap off a decent holiday shopping season, but the increase in outlays in 2019 was the smallest in three years.

A key measure of inflation, meanwhile, accelerated to the highest rate of the year, though it’s still quite low.

Consumer spending increased 0.3% last month, the government said Friday, matching the MarketWatch forecast. Incomes rose a smaller 0.2%.

That’s a big turnaround from last year, when consumer spending slumped almost 1% amid a partial government and brief worries about the threat of recession.

The rate of inflation also picked up, however. The PCE inflation index rose 0.3% last month, marking the biggest increase since last April.

The yearly rate of inflation also rose to a one-year high of 1.6%, though it’s still below the Federal Reserve’s 2% target.

Read: Economy grows 2.1% in fourth quarter. GDP gets boost from falling trade deficit

What happened: Americans spent more on prescription drugs and health care in December. They spent less on new cars and trucks and utilities during a warmer than usual month.

Income growth, for its part, was depressed by a big decline in the earnings of farmers, part of which reflected lower government subsidies.

A separate measure of inflation that strips away food and energy, known as core PCE, rose 0.2% in December. They yearly rate edged up to 1.6% from 1.5%.

The savings rate dipped to 7.6% from 7.8%, but Americans saved the most in 2019 in seven years.

Read: Economic hit from coronavirus likely to be short lived, but it’s still ‘a little scary, frankly

Also: The Fed is keeping a close eye on the ‘serious’ coronavirus

Big picture: The longest running economic expansion in U.S. history has been fueled by steady consumer spending, but there’s a limit to how much Americans can spend. Consumer incomes and spending rose in 2019 at the slowest pace in three years.

Many economists predict spending will slow a bit more this year because wage growth has flattened out.

Inflation, meanwhile, is still quite low despite a recent uptick. Most economists estimate inflation will rise to around 2% in 2020 but probably not go much higher.

If they’re right, the Fed is unlikely to raise interest rates this year. Low rates should give a further boost to consumer spending and the broader economy.

Read: These states had the lowest unemployment rates in 2019. What about swing states?

Market reaction:The Dow Jones Industrial Average DJIA, +0.43% and S&P 500 SPX, +0.31% were set to open lower again in Friday trades. Stocks had been trading at records earlier in the month until the outbreak of the coronavirus in China.

The 10-year Treasury yield TMUBMUSD10Y, -2.27% slipped to 1.56%. Investors have sought the perceived safety of government bonds.

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2020-01-31 13:32:00Z
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Minggu, 02 Februari 2020

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Super Bowl 2020: Big food day

What about plant-based?

Jumat, 31 Januari 2020