Month: January 2023

Fashion Retailer H&M’s Profits Tumble as Costs Bite

STOCKHOLM—Fashion retailer H&M’s profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company held back from passing on in full to cash-strapped customers. The world’s second-biggest fashion chain, which raised some prices, will continue with this pricing strategy even though it will not fully compensate for the higher costs,…


Pakistan’s Rupee Falls to Record Low as Government Seeks Release of IMF Loan

Pakistan’s currency plunged to an all-time low against the U.S. dollar on Thursday after the government lifted its exchange cap in a move to revive a bailout package from the International Monetary Fund (IMF). The rupee closed at 255.4 against the dollar on Thursday, down from the 230.89 rupees the previous day, according to the…


Walmart’s Sam’s Club Opening Dozens of New Locations Amid ‘Remarkable’ Sales Growth

Sam’s Club will be opening 30 new new locations amid strong sales growth over the next few years. Walmart, the nation’s largest retailer and the parent company of Sam’s Club, announced the move on Jan. 26, in its subsidiary’s first expansion since 2017, when it opened a location in Hanover, Pennsylvania. In 2018, the club…


ACLU Backs Trump’s Reinstatement on Facebook: ‘This Is the Right Call’

The American Civil Liberties Union (ACLU) defended Meta’s decision to allow former President Donald Trump back on Facebook and Instagram, saying that it is appropriate for the public to have wider access to messaging from one of the most popular political candidates in the country. “This is the right call. Like it or not, President…


UK Neurologist Says Nitrous Oxide Abuse ‘Getting Worse’ and Calls for Outright ban

One of Britain’s leading neurologists has urged the government to make nitrous oxide—sometimes known as “laughing gas”—a banned substance, but has warned of the danger of “criminalising” teenagers. In 2021 the Home Office asked the Advisory Council on the Misuse of Drugs (ACMD) to consider whether to make possession of nitrous oxide a crime, but they…


Manasota Key on Southwest Florida’s Gulf Coast

Manasota Key in Englewood, Florida is still referred to as Southwest Florida’s “best kept secret,” though it isn’t as undiscovered as it used to be. Recently, Hurricane Ian hit this area hard, yet the Gulf Coast Floridians are resilient and aim to be prepared for this upcoming winter’s beach season. Manasota Key is an 11-mile-long…


Musk Meets With House Leaders McCarthy, Jeffries in Capitol Visit

Twitter CEO Elon Musk met House Speaker Kevin McCarthy (R-Calif.) and House Minority Leader Hakeem Jeffries (D-N.Y.) in Washington on Jan. 26. Musk tweeted Thursday evening that he met with McCarthy and Jeffries to “discuss ensuring that this platform is fair to both parties.” McCarthy, who celebrated his 58th birthday on Thursday, declined to comment…


Why Is Big Pharma Only Industry Free From Liability?

Big pharma has a good deal with big government—even if someone is hurt by a vaccine, the drug maker is exempt from liability claims. Lack of accountability then is at the heart of the U.S. sprawling public health bureaucracy. And that leaves Americans wondering if they can trust the medical professionals tasked to keep us…


LIVE NOW: Why Is Big Pharma Only Industry Free From Liability?

Big pharma has a good deal with big government—even if someone is hurt by a vaccine, the drug maker is exempt from liability claims. Lack of accountability then is at the heart of the U.S. sprawling public health bureaucracy. And that leaves Americans wondering if they can trust the medical professionals tasked to keep us…


Military History for the Modern Strategist: America’s Major Wars Since 1861–A Book Discussion by Brookings

In his new book “Military History for the Modern Strategist: America’s Major Wars Since 1861,” Brookings senior fellow and U.S. defense strategy expert Michael O’Hanlon reviewed America’s major wars since the mid-1800s, and provided a different perspective not only on history but strategy construction for the modern warfare and geopolitics. In a book discussion held…