Category Archives: Business

Black Female Exec, Roz Brewer, Makes History, Highlighting Long-Standing Problems in Corporate America

Rosalind Roz Brewer (Getty)
Rosalind ‘Roz’ Brewer (Getty)

*Starbucks executive Rosalind “Roz” Brewer has been tapped to head drugstore pharmacy chain Walgreens. As the company’s new CEO, Brewer will become the only Black woman leading a Fortune 500 company in the U.S.

Brewer served as Starbucks’ chief operating officer for a little more than three years. She will succeed Stefano Pessino as CEO March 15.

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Here’s How Fake Sneakers Are Affecting Companies Bottom Lines

White sneakers

*No one would have thought 40 years ago that a pair of sneakers would be rare and valuable enough for someone to want to create a pair of fake ones.

However, in 2019 sales of counterfeit goods reached $520 billion, around 3.3% of all trade. Sneakers were a big slice of that pie, one NYC-based counterfeiter was caught smuggling $70 million worth of fake Air Jordans into the U.S.

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Chris Elliott’s Problem Solved: This ‘Walnut’ Bed is Made of Particleboard. Can I Get My Money Back?

Walnut Bed and accessories - Depositphotos_3642863_s-2019
Walnut Bed and accessories

*When Sherrie Segall orders a “walnut” platform storage bed from Groupon, she assumes it’s made of wood. It’s actually made of particleboard. Can she get her money back?

Q:  I purchased a “walnut” brown wood platform storage bed with drawers from Groupon recently. It was not made of wood, but 1/16th inch particleboard. I asked to return the furniture since it was not what I thought I had ordered. 

The platform storage bed was nonrefundable “unless defective.” I believe the bed was falsely advertised as a walnut wood bed frame, and that I should be able to return it under Groupon’s policy. I have escalated my request to Groupon’s support team specialists, to no avail.

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5 Die In Fire At World’s Largest Vaccine Maker’s Campus; Vaccine Production Not Affected

PUNE, India — An afternoon fire on Jan. 21 that killed five people on the campus of the Serum Institute of India, the world’s biggest vaccine production site, did not affect production of the coronavirus vaccine.

Another fire broke out at the campus around 7:30 p.m. No update was available by press time about any casualties or damage.

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Fiverr: Freelance Platform Sets Super Bowl Pitch

*TEL AVIV, Israel — Online freelancer platform Fiverr International will run its first Super Bowl ad during this year’s game on Feb. 7, joining an elite group of Israeli-founded companies to advertise during one of the world’s biggest sporting events.

The annual championship game of the National Football League (NFL) drew 102 million viewers last year, and may well top that number due to COVID-19 restrictions that might keep home viewers glued to the broadcast on CBS, according to published reports.

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New Alternative Loan Plan Gives HBCU Students Financial Lift

hbcu-student

*President Joe Biden plans to cancel a minimum of $10,000 for student borrowers, as this debt crisis has disproportionately impacted Black borrowers, saddling them with the most student loan debt.

However, Robert F. Smith, America’s wealthiest Black man, isn’t waiting on the federal government to address the debt crisis among Black graduates.

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Clubhouse: What You Need to Know About the Audio Based Social Media Platform

Clubhouse voice chat - social-network
Clubhouse app

*(Via CultureBanx) – Clubhouse is the hot new invite-only audio social media platform giving much of the world FOMO (fear of missing out). The app launched during this dreadful pandemic but quickly reached a $100 million valuation, after only raising $12 million in funding.

Like many new social media entities, there are always those who dominate with creative ways to stand out, keeping the followers coming. Can Clubhouse be the app to finally give credit and compensation where it’s due?

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Anticipating a Coronavirus Vaccine, UCLA Anderson Forecast Expects Robust Economic Recovery to Begin in Spring 2021

In California, the rebound will be led by tech, residential construction and logistics sectors

Financial Graph - Yayimages

LOS ANGELES  — The quarterly UCLA Anderson Forecast anticipates positive economic news on the horizon.

After the COVID-19 pandemic reached the U.S., the Anderson Forecast’s March report was followed by two downward revisions, and the June and September releases charted the pandemic’s impact on the California and national economies. The December forecast offers hope of a robust recovery from the current recession, based on the assumption that mass vaccinations would clear a path toward a new, productive normalcy for many industries.

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