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Business News Daily

Vital dispatches on what matters

Erica Carnevalli

Bookstores are back. And more local and niche than ever.

April 22, 2022 by Erica Carnevalli Leave a Comment

At Pillow-Cat Books in the East Village, the shelves are stocked with all varieties of species
At Pillow-Cat Books in the East Village, animals have taken over. While there is only one real animal — that’s the shop’s owner, Cleo Le-Tan’s cat, who is always in the eight-months-old shop — the shelves are stocked with all varieties of species. There’s Elmo from Sesame Street, Snoopy from Peanuts, and of course Peter Rabbit. Le-Tan says the store’s organization makes perfect sense. “We can have any sort of photo book with animals or any novel with an animal, even just a pet,” she added. “So it’s kind of niche, but also broad.”

As the pandemic recedes, Pillow-Cat is an exemplar of a new breed of bookshop that’s hoping to stand out against the elephant in the room: Amazon.

[Read more…] about Bookstores are back. And more local and niche than ever.

Filed Under: Books, Culture

A tireless data scientist leader on a journey to make tech more inclusive

April 5, 2022 by Erica Carnevalli Leave a Comment

Gabriela de Queiroz, chief data scientist in AI at IBM and founder of R-Ladies and AI Inclusive.

Few people understand the gender imbalance women in tech face better than Gabriela de Queiroz.

While she was promoted to chief data scientist in artificial intelligence at IBM last May, she’s a rarity in the world of AI. At Facebook and Google, respectively, just 15% and 10% of AI researchers are women, according to a study in 2020 by the AI Now Institute of New York University. Another study by the Navigating Broader Impacts of AI Research pointed out that biased predictions are mostly caused by imbalanced data but that the demographics of engineers also play a role, as reported by VentureBeat.

[Read more…] about A tireless data scientist leader on a journey to make tech more inclusive

Filed Under: Artificial Intelligence, Culture, Inequality, Tech

All the business that pulled out of Russia. So far.

March 15, 2022 by Erica Carnevalli Leave a Comment

FILE – A sign is displayed outside a McDonald’s restaurant, Tuesday, April 27, 2021, in Des Moines, Iowa. McDonald’s said Tuesday, March 8, 2022, it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia. (AP Photo/Charlie Neibergall, File)

It raised the pressure for businesses around the world to take a stand on the conflict between Russia and Ukraine. Since president Joe Biden announced a series of sanctions on Russia after the president Vladimir Putin ordered the invasion on Ukrainian territory last month, companies have been pulling out of Russia.

Goldman Sachs was the latest and the first major American bank to “wind down its business” in the country. The decision was followed by JPMorgan Chase, the biggest bank in the US. The finance institutions joined a growing list that includes Apple, McDonald’s and Starbucks.

Retail

Most of the high-couture companies have closed their stores in Russia, such as LVMH (owner of brands such as Louis Vuitton and Dior), Hermès, Chanel, Prada. Fast-fashion brands also joined the list – H&M and the owner of Zara, Inditex, said they would temporarily freeze their sales in the country.

Puma, the beauty company Estée Lauder and the furniture retailer Ikea also joined the group.

While Adidas ended its sponsorship on the Russia soccer team – a day after FIFA suspended the country from the 2022 World Cup.

Food

Coca-Cola suspended its business in Russia, while its competitor Pepsi said that it would suspend sales on a few beverages and all its advertisements.

Major fast-food chains, such as McDonald’s, KFC, Pizza Hut and Burger King, closed their stores

Starbucks and Heineken also stopped their operations.

Entertainment

Netflix halted its service for Russians as well as future projects in the country. At the same time Disney and Warner Bros announced that they would not release any of their productions in Russia.

Finance

Along with Goldman Sachs and JPMorgan Chase, PayPal suspended its services.

Tech

Big techs like Apple and Microsoft announced they would pause their sales in Russia, while IBM suspended all business in the country.

Google suspended advertising, and YouTube announced that it would block any content related to the Russian state-funded media.

Airbnb also suspended its operation in the country.

Energy

Shell will exit its joint ventures with Gazprom, the Russian natural gas giant, as reported by the New York Times. And Exxon announced that it would discontinue its operations in a gas project, one of the largest single international direct investments in Russia, as reported by Business Insider.

Filed Under: Russia/Ukraine Conflict

A #MeToo win: Senate ends forced arbitration and makes it easier for sexual assault victims to come forward

February 26, 2022 by Erica Carnevalli Leave a Comment

FILE – A marcher carries a sign with the popular Twitter hashtag #MeToo used by people speaking out against sexual harassment as she takes part in a Women’s March in Seattle, Jan. 20, 2018. Congress on Thursday, Feb. 10, 2022, gave final approval to legislation guaranteeing that people who experience sexual harassment at work can seek recourse in the courts, a milestone for the #MeToo movement that prompted a national reckoning on the way sexual misconduct claims are handled in the U.S. (AP Photo/Ted S. Warren, File)

After five years of the #MeToo movement, the U.S. Senate approved a legislation that makes it easier for victims of sexual assault and harassment in the workplace to come forward.

The Ending Forced Arbitration of Sexual Assault Act, approved February 10, prohibits companies from forcing employees to resign their rights to go to an open court and sign a confidential arbitration agreement instead. The legislation also allows victims to join class action lawsuits over sexual and harassment claims.

President Joe Biden showed support for the bill, and the measure will take effect as soon as he signs it. However, the bill is not retroactive, meaning that any case settled before the change will not be affected.

Advocates for sexual assault victims say that the forced arbitration hurts accountability and prevents such allegations from becoming public, as reported by Yahoo. The measure limits the legal options for employees such as not allowing the chance to appeal, and often are very costly for them.

Experts estimate that over 60 million Americans are under this clause in their contracts.

The legislation was inspired by the #MeToo movement. In 2017, Democratic Senator Kirsten Gillibrand along with Republican Senator Lindsey Graham started the bill when thousands of women across different industries started to come forward with sexual assault allegations.

A few companies responded at the time. Wells Fargo became the first major financial institution to end its forced arbitration policy for employee sexual harassment claims, as reported by the New York Times. The big techs also joined in: Airbnb, Microsoft, Google and Facebook removed their clause after internal pressures.

However, the practice is still popular with big companies. Cases closed on forced arbitration jumped 17% in 2020 over 2019, according to a report from the American Association for Justice.

Critics say there is still work to be done to protect the victims. The approved bill only address sexual harassment and sexual assault cases and doesn’t cover other employment disputes, such as those based on discrimination and wages violations. The forced arbitration clause is used in various employment and consumer contracts.

A few lawmakers tried to propose a broader law, but they were pushed back by Republicans and business groups, including the U.S. Chamber of Commerce. Defenders say the forced arbitration helps avoid the costs and the long process of litigation.

Low-wage workers and sectors disproportionately made up of Black and women workers are more commonly under forced arbitration contracts, according to Reuters. While the two main arbitrator providers in the U.S. are for-profit enterprises, 77% of their arbitrators are male, and 88% are white, according to the American Association for Justice.

Workers with a formal education are more likely to benefit from the legislation, said Patti Perez, a sexual harassment prevention expert, to CNN. “That doesn’t mean that I don’t think this is a valuable piece of legislation. I just think that it is a little pie-in-the-sky to think that it’s gonna solve all of those problems” related to power dynamics in the workplace.

Filed Under: Benefits, Culture, Inequality, Work

Now in Sephora, Maude is part of a growing sexual wellness industry of $45 billion

February 11, 2022 by Erica Carnevalli Leave a Comment

Photo: Maude/Instagram

The sexual wellness company Maude not only is helping push Sephora into this industry but wants to make everything from vibrators to lubricant and body wash part of personal care routine easily accessible in any beauty store. [Read more…] about Now in Sephora, Maude is part of a growing sexual wellness industry of $45 billion

Filed Under: Business, Business, Culture

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