🐤 Give it away now
Patagonia's founder flipped the corporate script when he gave away his entire company this week.
Friday | September 16th, 2022 | |
TGIF, chirpers! The weekend is right around the corner, so start making your plans for relaxation, excitement, or a little bit of both. Whether you plan to stay at home and catch up on some TV or hit the town with a group of friends, chances are you’ll need at least a few items that had to be shipped from somewhere else. Fortunately, there seems to be some meaningful progress that will stave off a possible strike by U.S. railway workers, but the majority of the stuff we use on a daily basis still makes its way to the final destination in the back of a truck. As National Truck Driver Appreciation Week draws to a close, take a moment to share a kind word or gesture with the men and women who keep things moving across America and around the world. -Chris Agee World
The BreakdownA quick look around the world.Photo by Alexey Furman/Getty Images⚔️ “No Serious Injuries”: Ukrainian forces have made some huge advancements against invading Russian troops in recent days, even reclaiming control of the Kharkiv territory. Ukrainian President Volodymyr Zelenskyy visited the region this week but his motorcade was involved in a crash on the way back to the capital of Kyiv. Details of the collision were not immediately clear, but sources indicate that he was treated at the scene and did not sustain any serious injuries. 🏈 That’s Offensive: Dallas Cowboys quarterback Dak Prescott underwent surgery on his thumb this week, which takes him out of the lineup for the immediate future. Nevertheless, head coach Mike McCarthy is set to stay the course with backup QB Cooper Rush. He said that the replacement is “as rehearsed in this offense as anybody” and doesn’t think there will be any major changes to the way the team conducts itself on the field during Prescott’s absence. 👬 Together Again: Although Chinese President Xi Jinping and Russian President Vladimir Putin have found some geopolitical agreement on issues in the past, the two leaders haven’t met in person since Putin’s army invaded neighboring Ukraine. That changed this week when they interacted in person during the Shanghai Cooperation Organization summit in Uzbekistan. Putin acknowledged China’s “questions and concerns” about the Ukrainian situation, adding: “We will explain in detail our position on this issue, although we have spoken about this before.”
business
Patagonia Founder Gives Away The CompanyHe handed the reins over to a nonprofit group that will use profits as a tool to fight climate change.Photo by Ben Gabbe/Getty Images for Tribeca XIt’s not often that we see a billionaire businessperson voluntarily give away a profitable corporation, but that’s exactly what Yvon Chouinard did this week with the outdoor apparel company he founded way back in the 1970s. Instead of passing off Patagonia to another executive, however, Chouinard revealed that he handed the reins over to a nonprofit group that will use profits as a tool to fight climate change. Here are a few things to know about the deal:
In a statement on Wednesday, the founder celebrated “a half-century since we began our experiment in responsible business,” expressing hope that his decision will help protect the planet for the next half-century and beyond. “If we have any hope of a thriving planet 50 years from now, it demands all of us doing all we can with the resources we have,” he said. “As the business leader I never wanted to be, I am doing my part.” technology
New Wave Of Cyberfraud Reportedly Fueled By Human TraffickingThis trend has apparently become especially prevalent in areas across Asia.PexelsThere are many facets of our modern high-tech world that are dangerous and often tragic for those at the receiving end of digital crime. Among the two most obvious examples are human trafficking and cyber scams. As it turns out, these two crimes have become interconnected as a growing number of online scammers are using individuals taken against their will to carry out untold types of internet fraud. This has apparently become especially prevalent in areas across Asia as people are tricked into falling captive to traffickers and then compelled to defraud others in a network of criminal enterprises. Matt Friedman, who has worked for more than three decades to combat modern-day slavery, said the trend is especially insidious and leaves victims “double hurt” by their captors. “This idea of combining two crimes, scamming and human trafficking, is a very new phenomenon,” he said, noting that he hasn’t seen anything like it at any other point in his career. The scams can take a variety of forms and often begin with social media interactions that can appear completely legitimate. Earlier this year, Vice spoke to the victim of one such scam in which a supposed love interest convinced her to part with a staggering sum of money. She explained: “I met my scammer on Oct. 15, 2021. All said and done, I lost about $2.5 million.” us news
Rail Workers, Companies Reach Tentative Deal To Avoid StrikeThe five-year deal included compromises from both sides.Photo by Scott Olson/Getty ImagesPresident Joe Biden on Thursday touted the negotiations between rail workers' unions and railway companies that tentatively avoided the threat of a costly strike. If the shutdown had occurred, experts estimated that the amount of undelivered freight would cost the economy an eye-popping $2 billion per day. The deal included some concessions by corporations, including an agreement — retroactive to 2020 — to hike wages by 24% and distribute bonuses of $5,000. At the same time, unions compromised on their demands for increased time off, specifically for sick days. As part of the negotiations, workers will be able to take unpaid time off for doctor’s appointments without being penalized as they often had been before. Senate Republicans had attempted to push through a bill earlier in the week that would have forced the unions to accept the terms of a nonpartisan panel, but Democrats stood in the way. In the end, Biden said that the resolution is a sign that two sides can still meet in the middle to get things done. “This agreement is validation of what I’ve always believed,” he said. “Unions and management can work together … for the benefit of everyone.” The terms of the agreement are designed to last for five years. comic
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Written by Chris Agee 90 N Church St, The Strathvale House Copyright © 2022 Early Chirp. All rights reserved. |