Bain, Cyrus Picked as Top Bidders for Virgin Australia Assets
Investment firms Bain Capital and Cyrus Capital Partners were selected as top contenders on Tuesday to acquire the assets of Virgin Australia Holdings Ltd., which filed for bankruptcy protection after the coronavirus pandemic brought air travel to a near halt. Both Bain and Cyrus are well funded and have deep aviation experience, said Vaughan Strawbridge, a partner at Deloitte who is one of the administrators overseeing the sale. The airline, in which Richard Branson’s Virgin Group had a stake, at one point had more than 10...
Source:Wall Street Journal
June 02, 2020 09:57 UTC
Protests in N.Y.C.: Latest Updates
Looters tried to ransack some of the city’s best-known retailers, including the Macy’s flagship store in Herald Square and luxury stores along Fifth Avenue. Mayor Bill de Blasio acknowledged that the curfew, which had been announced only several hours before it was to begin, had failed to quell the criminal violence that marred the otherwise peaceful protests of previous nights. As a result, he said, a curfew would be imposed again on Tuesday, this time starting at 8 p.m. The crowds had mostly dispersed by 11 p.m., although some protesters continued to walk the streets in Manhattan and near the Barclays Center. As the protests began to take shape in the Bay Ridge, Bedford-Stuyvesant and Williamsburg sections of Brooklyn and several Manhattan neighborhoods, demonstrators and observers said they had never witnessed expressions of grief and anger of such magnitude.
Source:New York Times
June 02, 2020 09:43 UTC
At-Home Covid-19 Testing Arrives, With Accuracy and Access Questions
At-Home Covid-19 Testing Arrives, With Accuracy and Access Questions A handful of labs have started getting the green light from regulators to sell at-home coronavirus tests, but are dogged by questions about their accuracy and affordability
Source:Wall Street Journal
June 02, 2020 09:31 UTC
Adidas Voices Solidarity While Closing Its Stores
“You did it adidas you stopped racism,” one follower sarcastically replied. An Adidas store in an upscale neighborhood of Los Angeles was looted, and the company closed its dozens of American stores, just two weeks after reopening some of them for the first time in months. For sportswear companies like Adidas, that has been especially true during the presidency of Donald J. Trump. The company’s shoes were then embraced by racists, who referred to them as the “Official Shoes of White People.” Nike signed Colin Kaepernick, the N.F.L. The Whitaker Group owns a number of fashion and sneaker retailers focused on black consumers.
Source:New York Times
June 02, 2020 09:00 UTC
Can I Tell My Uncle That His Gay Daughter Is Struggling?
Or do I have an obligation to alert my uncle of my cousin’s predicament? I don’t have much of a relationship with my cousin, but I do with my uncle and would like to maintain my relationship with him and his family. The fact that your uncle would be grateful to be told doesn’t make it OK to tell him. Your uncle is unlikely to want his daughter dealing with serious mental-health problems on her own, and he can certainly provide relief for his daughter’s financial stresses. Often, though, the story is a little complicated: Sometimes parents, blinkered by their background, simply need time to adjust.
Source:New York Times
June 02, 2020 09:00 UTC
Today on Fox News: June 2, 2020
Forensic pathologist Dr. Michael Baden on the results of his independent autopsy of George Floyd. Fox Nation host Lara Logan investigates Antifa. On Fox News Radio:The Fox News Rundown podcast: Covering the Chaos - It has been more than a week since the death of George Floyd in police custody sparked protests across the nation. Criminal defense attorney and Fox News contributor Ted Williams and Fox News political analyst Gianno Caldwell weigh in. ET: Howard Safir, former New York City police commissioner; Lt. Col. Allen West, former Florida congressman; Ainsley Earhardt, "Fox & Friends" co-host; Chris Stirewalt, Fox News politics editor; Andrew C. McCarthy, Fox News contributor, senior fellow at the National Review Institute and a contributing editor of National Review.
Source:Fox News
June 02, 2020 07:52 UTC
New Brand To Know: Zanini
Marco Zanini Courtesy PhotoMarco Zanini is no stranger to fashion and has made a name for himself working at a number of designers and labels. Zanini honed his skills by working at Halston, Rochas, Santoni and Schiaparelli, before launching his label in 2019. Born and raised in Milan - where his business is based - Zanini was trained at Milan’s Accademia di Belle Arti. Zanini has a penchant for detail and is known for employing his artisanal touch to his sophisticated collection. On the contrary, I concentrate on developing a certain identity season after season, working on fabrics and silhouettes.
Source:Forbes
June 02, 2020 07:52 UTC
NY Times Ripped For 'Pathetic' Front-Page Trump Coverage
The New York Times is coming under fire for its front-page coverage of President Donald Trump’s threat on Monday to use the military against American citizens. Trump said he was “dispatching thousands and thousands of heavily armed soldiers, military personnel and law enforcement” to quell the civic unrest caused by a white police officer killing George Floyd, a Black man, in Minneapolis last week. After Trump’s comments, police used tear gas and rubber bullets on peaceful protesters outside the White House to give the president a photo op as he walked to a nearby church and posed for pictures with a Bible. The Times front page shared by print editor Tom Jolly showed a headline across all six columns reading “As Chaos Spreads, Trump Vows To ‘End It Now.’” That, critics said, didn’t come close to expressing what happened:
Source:Huffington Post
June 02, 2020 07:30 UTC
India is using drones and fire trucks to fight its worst locust invasion in almost 30 years
Swarms of locusts are seen atop a residential building in Jaipur in the Indian state of Rajasthan on May 25. Controlling the swarmHard-hit states have been carrying out locust control operations that include dispersing the flying insects with drones, tractors, and fire engines. "The locusts were sitting in an area that was 7 kilometers (4 miles) long and 1.5 kilometers (0.9 miles) wide. Drones provided by the central government were also used to spray pesticides in two districts in Rajasthan, according to Karwa. Despite dispersal operations, locust infestations could continue into next month.
Source:CNN
June 02, 2020 07:07 UTC
An M.L.B. Rookie Works on His Timing
Along with the rest of the world, athletes have had their careers upended by the coronavirus pandemic. They are giving The New York Times an intimate look at their journeys in periodic installments through the rest of the year. Kyle Lewis’s major league debut was the stuff of dreams. Lewis, 24, went on to become the second player in Major League Baseball history to hit a home run in each of his first three games. Then he became the only player to homer in six of his initial 10.
Source:New York Times
June 02, 2020 06:56 UTC
In Egypt, Images From American Protests Evoke a Lost Revolution
CAIRO — A brutal police killing. A wave of public anger that sends citizens rushing into the streets, clashing with the police. A president who justifies draconian measures by invoking the threat of saboteurs and terrorists. That was the Arab Spring in Egypt almost a decade ago. “OK, now I’m really having Egypt flashbacks,” Ashraf Khalil, an Egyptian-American journalist who covered the Arab Spring and later wrote a book about it, remarked as he posted a photo of a masked protester in America gripping a silver drum, his clenched fist held aloft.
Source:New York Times
June 02, 2020 06:56 UTC
D.C. Residents Open Their Doors To Save Protesters From The Police
Martin Luther King, Jr.WASHINGTON ― Residents of Swann Street NW in the nation’s capital opened their homes to protesters who were trapped by law enforcement officers during a demonstration against police violence on Monday. The 22-year-old said that the protesters were peaceful before they walked into the trap. Then you turn to the right, there’s another alley, cops are there,” she said. Thank God, it was honestly fate.”The protester said other demonstrators were “frantic” and “didn’t know what to do” when police trapped them. A reporter with The Washington Post identified one homeowner who aided protesters as Rahul Dubey, a 44-year-old Indian American and the owner of a healthcare innovations company.
Source:Huffington Post
June 02, 2020 06:56 UTC
Are We At The Subscription Economy Tipping Point? With Tien Tzuo
The new model of personal vehicular usage for everything has been borne on the idea of the subscription economy. Subscription revenue models are far more robust in their business models. Whether it's in cloud software or development or the simple process of getting picked up and dropped off, we are all living in some form of a subscription economy right now. Beginning in 2007, Tzuo evangelized the shift to subscription-based business models coining the phrase "Subscription Economy." To empower this new economy, Tzuo spent 10 years building an award-winning subscription management platform capable of powering any subscription business, and of solving the complex billing structures, they inherit.
Source:Forbes
June 02, 2020 06:45 UTC
Monster or Machine? A Profile of the Coronavirus at 6 Months
Unlike a truly living organism, a virus cannot replicate on its own; it cannot move, grow, persist or perpetuate. The United States, which has seen the largest share of cases and casualties, recently surpassed 100,000 deaths, one-fourth the number of all Americans who died in World War II. Still, summer — summer! Cases are falling in New York, the epicenter in the United States, but firmly rising in Wisconsin, Virginia, Alabama, Arkansas, North and South Carolina, and other states. Health officials fear another major wave of infections in the fall, and a possible wave train beyond.
Source:New York Times
June 02, 2020 06:30 UTC
Flex Mami Perfectly Shuts Down Follower Who Accused Her Of Staying Quiet Amid George Floyd Protests
As if there’s anything else to feel but a sadness, discomfort and resignation,” wrote Lillian. Lillian said she took issue with “non-black people” using the tragedy as a “trend” or “a few quick posts to virtue signal”. George Floyd was pinned to the ground by a white Minneapolis police officer for nearly nine minutes; for much of that time, Floyd was unresponsive. Minneapolis police officer Derek Chauvin, who along with three others was fired over the incident, was arrested Friday and charged with third-degree murder and manslaughter. As the US readies for a seventh day of protests, tensions have been felt on home soil.
Source:Huffington Post
June 02, 2020 06:11 UTC