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‘Tracy McGrady has $570,000 in cash rewards for Ones Basketball League’: Former Magic and Rockets superstar invests $10 million in his 1-on-1 basketball league idea

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Tracy McGrady spends millions on his 1v1 basketball idea, Ones Basketball League 1st season is already underway with his Finals scheduled for July.

One of the greatest offensive juggernauts of all time, who could set anyone and everyone on fire on a one-on-one basketball court, now has its own league that celebrates excellent basketball players 1v1.

Tracy McGrady, who has Kobe Bryant’s and almost every other legend’s approval to be basketball’s top scorer, knows how being better than everyone else on the court doesn’t always translate to success. all the time.

Also read: ‘Michael Jordan led the playoffs 10 times in PPG’: His Airness led his peers 10 times in regular season and postseason

Although he earned more than $160 million during his 16-year NBA career from salary and accolades alone, he was far more than an underachievers relative to the size of a household name he was in the NBA.

So he decided to trust the idea of ​​allowing athletes who have talent to compete against anyone on the basketball court. The former Rockets star also gives big money to the winner.

What is Tracy McGrady – backed by ‘Ones Basketball League’ and how much money can one win if they win it all? Let’s find out.

In OBL, which kicked off earlier in February, six cities across the United States are hosting a 2-day, 32-player regional knockout tournament with athletes ages 18 and older. They should also not be currently under contract with the NBA and not have been on an active NBA roster for more than 164 games (the equivalent of two NBA regular seasons).

Entrants come through a combination of open source video submissions and basketball insider tips. The goal is to accommodate both top talent and players who may still be under the radar of most basketball fans.

McGrady will invest just under $10 million, in total, including $10,000 for regional champions and $250,000 for the eventual OBL champion.

Also read: ‘Stephen Curry’s shoes were banned by the NBA because of Nike’: How the NBA’s deal with Nike made the Under Armor Steph Curry 4 banned

Also, McGrady has already found a prominent media group to back him up. It has a digital distribution deal with the Paramount-owned Showtime network that allows the network to air OBL content on its YouTube channel.

SHOWTIME Sports will also produce abridged digital content for distribution on its social media channels from the remainder of the OBL’s inaugural season through the league’s Las Vegas Championship in July. It will also distribute a behind-the-scenes documentary, available to everyone, likely after the season.

Innovative and inventive sneaker designs that are the future of footwear

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Shoes started out as functional designs meant to protect our feet, but over time they have become style statements, a representation of our personality and our personal sense of fashion. After all, don’t they say you can tell a lot about a man by the condition of his shoes? Personally, I love a good pair of sturdy, stylish sneakers, the ones that can get me through the day without hurting my shoes, and also match my outfits! However, I know that is not the case for everyone. People have high demands and expectations when it comes to their shoes, which is why designers unleash all their creativity, sparing no effort to create unique, innovative and ergonomic shoes! From trendy minimalist shoes inspired by Nike to watercolor sneakers, these shoe designs are as futuristic, inventive and fashionable as they come!

1. Diverted vision

Defined by its padded design and minimalist profile, Averted Vision is practical and fashionable. Cushioned soles take up about half of the shoe’s side profiles, providing enough bounce for gravity-free play. Conceptualized without laces, Averted Vision could benefit from textile technology to conform to the feet of the wearer for a snug and comfortable fit. The shoe’s silhouette appears to be inspired by today’s designs, like the Yeezy Foam Runners and Boosts. It sometimes feels like life on Mars is just a stone’s throw away these days, so it’s no surprise that forward-looking designers are influenced by today’s trends.

2. Watercolor sneakers

Watercolor sneaker sneakers

Watercolor sneakers design

Controlled organic shapes and patterns inspired the Watercolor sneakers. The designer mentioned that this pair was an exercise in surface modeling, visualization, and CMF exploration. It’s just a concept, but we want the design to go into production and into the sneaker market. The pair is not Nike or Adidas, but the brand can consider the design. It has no laces because it is a slip-on. The upper appears to be something similar to the Charles Birshaw Modular Mule. There is a separate tongue, but the shoe collars are like Nike’s Flyknit.

3. UV-Zhu’s collection

Did designer UV-Zhu go too far with the shoes? You would be forgiven for thinking so. To put things in the designer’s perspective, UV-Zhu is seasoned at working with everyday objects to “shape” them into perspectives that are not in everyday fashion. And this is well reflected in the shoe collection at hand. Silhouettes with puffy soles and spongy uppers might have you slipping the moment you step in, but would you?

4. Feebees sock sneakers

Feebees sock espadrilles

Feebees Sock Sneaker Design

Feebees Sock sneakers are now considered sustainable as they benefit from a recycling system that turns old shoes into new ones. However, the journey to the final version was not easy as there were several stages of development. Here is the adult version of the original sock shoes for kids, finally arriving after a decade. The Feebees Sock Sneakers can improve your running position. It can also help with your balance and maintain the elasticity of your calves. The sneakers are primarily intended for running, but they are also ideal for outdoor activities, walking, training or everyday use. Each pair gives you the sensation of walking barefoot, which has many advantages.

5. The Stela Basic

SCRY Stela Basic Shadow Sneaker Design

This pair is mounted in black but looks more like charcoal. There is a bit of a matte finish for a bit of elegance. However, the whole design of the pair makes the shoes more decorative. It’s more for making a statement than for comfort. The black monolith in space inspired the founder of SCRY, Zixiong Wei. You cannot miss the futuristic vibe as it is something you can imagine floating in space. One day, when earthlings can visit Mars or any planet, the Stela Basic may be the pair you bring. You might not need comfy shoes there because you might be floating, but at least you can look stylish for it.

6. NASA Inspired Soccer Shoes

Wouldn’t you like to see a Messi vs Ronaldo game on the moon to determine who the GOAT is once and for all? Sure, they’d be wearing space suits or literally flying while trying to kick the ball, but wouldn’t that be fun to watch? Well, since it’s still quite far in the future (we could have Ronaldo and Messi’s kids playing at that point), having a space-themed, futuristic design for the soccer cleats is the best thing to do. The question for the designer is whether NASA started making football boots. What he came up with are futuristic designs inspired by the moon and space, but which are also minimalist in their aesthetics. It uses basic colors like white, blue, red, and silver, adding a spatial shine to the boots.

7. The Poseidon

Designed as part of the #lacelesschallenge organized by Laceless Design, the Poseidon is inspired by the ocean and the variety of creatures that live there, and expresses the language of the sea in the form of a lifestyle sneaker. Borrowing from the ocean’s vast library of visual inspiration, the Poseidon looks otherworldly, almost as if it’s from a completely different planet.

8. Earth Moc

Designed as a passion project, Daniel Shirkey’s Earth Moc was created as a potential recovery shoe for hikers. Shirley’s main goal was to understand how a single material could address all aspects of the shoe experience, from flexibility to comfort, while giving your feet the support they need after a tough hike. . Shirley’s design even includes treads on its underside that further allow you to go light hiking, providing the right amount of traction required on moderately uneven surfaces and dirt roads.

9. Rainforest Walk

Walk in the rainforest 8

Walk in the rainforest

The Rainforest Walk is a pair of sneakers that lets you enjoy walking in a more natural way, like walking through a rainforest. The design was created to complement the natural functions of the body. The style of the shoes follows the pattern and visuals from a natural source. The idea of ​​walking barefoot is not the only reason for the design. It mimics the natural foot shape of the muscles, like the roots of a tree crawling with the earth. The shoe starts with a custom anatomical construction and is then covered in different patterns that appear to hug the foot.

10. Running shoes 38%_2101

Space-X sneakers for Mars Process

38%_2101 Mars Material Running Shoes

Once you’ve set foot on Mars, it can be nice to wear something cool and durable like the 38%_2101 running shoes for MARS. The pair is based on the Y-3 running shoes and looks very futuristic. The designer decided to opt for the Y-3 because the brand has a futuristic vision. The 38%_2101 running shoes for Mars seem out of this world, but the pair is also something we can still wear on Earth. The designer’s process included several other inspirations such as aerospace equipment and minimal color units and a few cleanly shaped elements.

ASICS METASPEED EDGE+ review: Need for speed

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ASICS METASPEED EDGE+ review TL; DR: Carbon plated shoes for most runs that rival similar offerings from Adidas and Nike. Best suited for marathon runners under 3 hours, but slower riders can also benefit from wearing them.

I was among the few British journalists who were invited to the launch of the new ASICS METASPEED range in Malaga, Spain, and while most journalists received the METASPEED SKY+, I was among the few people who received the EDGE+ instead. I was not unhappy; I liked the original ASICS METASPEED EDGE and thought this would be a great opportunity for me to compare the two.

The ASICS METASPEED EDGE+ is a running shoe that follows the now familiar recipe: add a lightweight upper over lots of foam, use a cushioning system that provides excellent energy return, and insert a carbon plate in the middle of the shoe. lower unit for explosive kicks. And while the METASPEED EDGE+ follows that recipe to the T, it also gives it a very ASICS-like twist by adding SCIENCE to the mix.

ASICS’ scientific approach can sometimes be confusing – I was really puzzled when the original METASPEED shoes were launched. Am I cadence or stride runner? What happens if I choose the wrong shoes? Can I still run faster? And even though I still don’t know which shoes are best for me, at least now I know it doesn’t matter. Let me explain.

Check out T3’s roundup of the best running shoes for more info on the best kicks from all the brands to consider.

The ASICS METASPEED EDGE+ and SKY+ shoes were announced at the end of April 2022 and will be available for purchase from June 14 directly from ASICS (opens in a new tab). Both models retail for the same price: $250 in the US and £225 in the UK (AU price TBC).

The first iteration of the shoes was known to never be in stock, but hopefully ASICS has resolved its supply chain issues and will be able to keep up with demand. However, I advise you to keep your eyes peeled for when the shoes are supposed to drop if you are interested in them to avoid disappointment.

ASICS METASPEED EDGE+ running shoes

(Image credit: Matt Kollat/T3)

ASICS has completely revamped the METASPEED EDGE+ to better support cadence-style runners. Cadence runners take more steps when they run faster, while stride runners take bigger steps – at least that’s how ASICS defines the types of runners the METASPEED shoes are meant to help run faster.

Therefore, the METASPEED EDGE+ has been modified to cater even better to runners who like to take small steps in rapid succession. The stack height remained the same – 8mm – but there is now more foam underfoot. The position of the carbon plate is also different: it is now closer to the ground, which means there is more foam between the plate and your foot.

The upper has also been modified – tweaked, even – along with the laces which now have a sort of serrated edge to ensure they don’t come undone when you’re doing 30km in a marathon. The geometry of the sole is also different, if only slightly. All in all, the METASPEED EDGE+ is a brand new shoe!

ASICS METASPEED EDGE+ running shoes

(Image credit: Matt Kollat/T3)

The most important technology is certainly the cushioning FF BLAST TURBO. This foam is said to be almost half the weight of standard EVA foam (regardless of standard EVA foam and where it is used), making the shoes lighter than everyday trainers such as the ASICS Gel-Nimbus 24 or the Nike Air Zoom Pegasus 39. said, the new METASPEED Edge+ is Actually Heavier than EDGE v1: A UK size 10 shoe weighs 233 grams, which is 15 grams heavier than the same size EDGE v1.

The ASICSGRIP outsole has also been modified and now covers a slightly smaller surface area without compromising grip too much (or at all). Stack height increased from 34/26mm on EDGE v1 to 39/31mm on EDGE+. According to ASICS, there is 16% more FF BLAST TURBO (volume) underfoot now.

ASICS recommends the METASPEED line for marathon runners under 3 hours – I’m not one of them, at least not yet. This was mentioned during the event I mentioned earlier: all data, graphs and statistics refer to athletes who run faster than your average Joe parkrun enthusiast. Knowing this, I wondered if they were worth the price for someone like me who likes to run faster but doesn’t run as fast as the elite athletes ASICS have worked with?

ASICS METASPEED EDGE+ running shoes

(Image credit: Matt Kollat/T3)

I liked the original METASPEED EDGE because it offered a similar running experience to one of my all-time favorite running shoes, the Nike ZoomX Vaporfly NEXT%. They were fast, tight and well cushioned; all i can ask of marathon shoes. After attending the shoe press conference and learning all about fast runners, I wondered if the ASICS METASPEED EDGE+ would be right for me?

Good news: the shoes are good. Very well. Not only did I run faster, but the METASPEED EDGE+ also saved my legs so I could run longer without fatigue setting in. I wasn’t running as fast as the athletes the shoes were designed for, yet I found myself running faster without as much effort as usual.

What I liked the most was not the carbon plate but the extra stack height. Landings are super soft in METASPEED EDGE+ and the energy returns are also superb. I literally bounced when I did my sprints in the shoes and had to give myself extra space to slow down because the shoes wanted me to keep going. I wanted to continue.

It made me realize one thing: you don’t have to be a marathon runner under 3 hours to experience the benefits of METASPEED shoes. If you’re one of those racers, you’ll benefit from wearing the right METASPEED, but for the rest of us, either version will deliver tangible speed improvements. It doesn’t matter which one you choose – the SKY+ has always been more popular among elite racers – because unless you’re really fast, both will provide more or less the same racing experience.

One final thing to note is that while most runners would benefit from wearing the shoes – they will make you faster – given the high stack and minimal support, beginner runners might find the shoes uncomfortable or downright painful. to wear. I would recommend them to neutral runners who have at least some experience and have some ankle strength to keep the shoes in line.

ASICS METASPEED EDGE+ running shoes

(Image credit: Matt Kollat/T3)

The ASICS METASPEED EDGE+ has been completely redesigned to help cadence-style runners run faster. The shoes were designed for marathon runners under 3 hours, but slower runners can also benefit from the speed boost provided by the METASPEED EDGE+.

The increased stack height and carbon plate position make the EDGE+ a competent running shoe for those attending races hoping to beat their PBs over the 21.4 mile distance. [CHECK DISTANCE]. Some suggest that the EDGE+ is best suited for half-marathon distances while the SKY+ is best for marathons; it’s probably the same difference unless you’re super fast.

FF BLAST TUBRO foam is lightweight and responsive, delivering great energy return at any distance – and now there’s more underfoot compared to EDGE v1. The upper is more comfortable and the laces are also different. In short, the ASICS METASPEED EDGE+ is an entirely different shoe to its predecessor, but in a good way.

The New Balance FuelCell RC Elite v2 (opens in a new tab) (retailer link) is one of the sexiest running shoes of 2021. It not only looks great but also performs great thanks to the high stack foam and integrated carbon plate. The UK shoe size 10.5 weighs 241 grams, slightly heavier than the EDGE+, and it also costs a little less than the ASICS.

Adidas Adios Adizero Pro 2.0 (opens in a new tab) (retailer link) is one of the fastest running shoes ever. It is significantly cheaper than the METASPEED EDGE+ (still expensive in general) and goes just as fast (if not faster). The UK size 10 shoe weighs 248 grams and features adidas’ lightweight Lightstrike foam and Energy Rods system.

Harrison plans to update roster – but maybe not with All-Stars

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Moving the Dallas Mavericks to the next level in the NBA landscape is a little more scientific than just piling a few extra All-Star players on the side. point guard Luka Doncic and rolls them down the pitch.

So said Nico Harrison, Mavs general manager and president of basketball operations.

“I don’t think it’s just about having All-Stars,” Harrison said during Friday’s exit interviews. “There are tons of teams – and I’m not even going to waste my time naming names – that have a bunch of All-Stars and they were sitting at home watching us play (in the finals of the Western Conference).

“You have to keep improving the roster, but I don’t think it’s just about getting a group of All-Stars. I think it’s about having people fit together – starting with Luka – and people who can fit around him I think that’s more important than getting All-Stars.

After watching Golden State make its way with the Mavs on the boards in a series of conference finals the Warriors won, 4-1, Harrison noted that it was pretty obvious where the holes in the attack were. Dallas.

“If you look at the series (against the Warriors), we lost two games on the boards, and I think that’s significant,” Harrison said. “We need to find someone who can help us on the rebounds, be a rim protector. I think we have to understand that, of course.

Harrison also said that re-signing future free agent Jalen Brunson is the franchise’s top priority, the Mavs also need to improve their roster on the perimeter in addition to helping on the inside.

“You always want to add depth,” Harrison said. “Obviously the inside part, it’s no secret. We got beat up on the boards.

Jalen“But at the same time, our best formation was small. But when you play every other day (in the playoffs), at some point you burn out.

If the Mavs can’t execute a trade or get the players they want through free agency, maybe they can find what they want in the June 23 NBA draft when they pick No. 26. in the first round.

“There are definitely kickers (backs) in the draft,” Harrison said. “But I think when you look at our position where we are, we don’t control who we draft because there are 25 people ahead of us.

“We will have done our homework, but we don’t have control. Maybe that kicker (fullback) goes to 24. When you’re 26, I don’t think you control your own destiny.

It will be the first time Harrison has selected players in the draft since the Mavs had no draft picks when he was hired last summer. But he hasn’t let the 2021 draft come and go without at least acknowledging it.

“We prepared again last year for the draft, but it felt like a mock draft,” Harrison said. “Now it’s real, so it’s not like a simulation. It’s like Top Gun is coming out.

“You are not in the flight simulation. You’re actually flying the plane, so it’s real. That’s really the difference, I think. You know what you’ve got, you know the players that might be in this area, so now you’re tuning into it.

During his nearly two decades as an executive at Nike, Harrison was so committed to his job that he worked with some of the NBA’s greats, including Michael Jordan, Dirk Nowitzki, Kobe Bryant, Jason Kidd and Tim Duncan. Those relationships, along with his close relationship with agents and other current players, could perhaps give Harrison an edge when free agency rolls in starting June 30.

“I think we’ll be able to have conversations with people that we want to have with for sure,” Harrison said. “But in this league you can be friends with whoever you want, but will they come to us for the money we have for them? I don’t think so. I don’t see that happening.

“But at the same time, when there’s a player we want – and we have the money to pay for him – we’re going to get a seat at the table, for sure.”

Giving the Mavs the brass of owner Mark Cuban, coach Jason Kidd, assistant general manager Michael Finley and Harrison some commentary when it comes to roster additions and subtractions will be none other than Doncic. Harrison wouldn’t have it any other way.Lucas

“I think you’re crazy trying to build a roster and not include your best player,” Harrison said. ” That does not make sense. I think from a leadership perspective, you want your best player, you want your coach, you want their input involved, you want them involved in the decisions. It is important.

“(Socic will) know everything we do. We will have his opinion. We’re going to talk a lot, first of all, and we’ll keep him involved. He will give us his opinion on things and we will give him our opinion, but he is going to be involved in the process, for sure.

Due to Doncic’s stature as one of the top five players in the world, Harrison said the four-year veteran has earned the right to have a seat at the table when the Mavs make roster decisions. that would affect the future of the franchise.

“We’re going to have a million things on the boards and we’re going to be throwing ideas back and forth,” Harrison said. “Because the thing is you look at Luka, as great as he is, he has a different point of view than I might have or maybe Fin or maybe even J-Kidd. So we want to accept that.

“We might have a different point of view than he has, and we want him to understand that as well. I think it’s a two-way street.

The first year under Harrison was a resounding success, with the Mavs finishing fourth in the Western Conference with a 52-30 record and having home-court advantage in the first round of the playoffs for the first time since 2011. The Mavs are also out of the first round. the playoffs for the first time since 2011 by beating the Utah Jazz in six games.

And in the Western Conference semifinals, the Mavs rallied from a 2-0 deficit to Phoenix and upset the heavily favored Suns in seven games. The Mavs surprisingly won Game 7 in Phoenix — Dallas led that contest at one point by a remarkable 46 points — against a Suns team that finished the regular season eight games better than any team in the entire NBA. .

spencerAdditionally, Harrison’s big acquisitions this season included signing free agent forward Reggie Bullock last summer and completing a blockbuster midseason trade that sent Kristaps Porzingis and a pick of second round at the Washington Wizards for Spencer Dinwiddie and Davis Bertans.

Between that, and the injuries and cases of COVID-19 that got the Mavs off to a poor 16-18 start this season, Harrison said, “I don’t know if I would call it fun. It’s hard. It’s hard. It’s rewarding, but it’s a challenge. It’s really difficult.

“But then again, I’m the kind of person I’m going to have fun with no matter what. At the end of the day, I have fun and have fun. But when you go through that, it’s intense and it’s a lot.

Was Harrison’s first year at the helm of an NBA franchise what he thought it would be?

“No, it wasn’t, and I’m not saying that good or bad, because I really had no expectations,” he said. “I didn’t know what to expect.

“The first year it wasn’t what I thought it would be, but I’m enjoying it. And now I know.

And the same goes for the other 29 NBA teams, as the perception of the Mavs seemingly changed overnight. Teams that advance to the NBA version of the Final Four — as was the case with the Mavs this season — are described as elite.

“Twenty-six teams watched us play last week,” Harrison said. “I think if you look at next year, no, we’re not going to sneak up on anybody.

“They’re going to see us coming, and that’s a good thing. And they should see us coming. This is the position you should want to be in.

And the Mavs were in that position this season. With Doncic as the only All-Star.

Twitter: @DwainPrice

Parking meter deal gets even worse for Chicago ratepayers, annual audit says

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In their failed bid to blockade Bally’s $1.7 billion River West casino, downtown city council members warned the deal was rushed — just like the one that privatized Chicago’s parking meters — and that it would end up being “even worse” for taxpayers.

This dire prediction is hard to imagine, given the results of the latest parking meter audit by accounting giant KPMG.

It shows Chicago’s parking meter revenue is nearly back to pre-pandemic levels. After dropping to $91.6 million in 2020, they jumped to $136.2 million last year.

The increase stems from the recovery of Chicago’s economy and hundreds of new metered spaces in Montrose Harbor and on busy neighborhood streets created as part of Mayor Lori Lightfoot’s 2021 budget.

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With 61 years remaining on the 75-year lease, Chicago Parking Meters LLC has now recovered its entire $1.16 billion investment and $502.5 million more.

Private investors as far away as Abu Dhabi would have done even better had they not brought in a new investor and borrowed $22 million at 15% to weather the pandemic. This loan was fully repaid last year.

Additionally, four city-owned underground parking garages brought in $22 million, up 37.5% from $16.2 million last year.

Thanks to higher traffic and a further increase in tolls, the privatized Chicago Skyway generated $114.3 million. This represents a 34.7% increase in revenue and far more than Skyway’s $92 million in annual revenue in 2019, the year before the lockdown closed.

Not a penny of that revenue eased the burden on Chicago taxpayers, who had to absorb a $76.5 million increase in the city’s property tax after a $94 million property tax hike the last year.

Parking meters, downtown garages and the Skyway were all dumped by then-Mayor Richard M. Daley, who used the money to avoid raising property taxes while the pension funds of city ​​employees sank deeper into the hole.

Of these three agreements, the parking meter lease was the biggest political nightmare for the two mayors who inherited it and for the members of Council who approved it with lightning speed.

There have been steep increases in outgoing rates, including parking downtown, from $3 per hour in 2008 to $6.50 per hour in 2013. It is now $7 per hour.

Motorists were so infuriated by the rate hikes that they vandalized and boycotted meters, leading to a dramatic drop in street parking. Revenues eventually recovered — until the pandemic.

The latest audit once again proves how attractive the deal was for private investors.

Although Chicago Parking Meters LLC lost a third of its annual revenue in 2020, the system still generated enough money that year to generate a distribution of $13 million to investors.

Total revenue was well above the $23.8 million in meter payments in 2008, the year before CPM took over the system. Indeed, the mayor and city council, fearful of risking a political backlash by raising parking meter rates themselves, opted to offload the meters instead of directly hiring LAZ Parking to administer a city-owned system with a new technology.

Investors recouped an additional $6.7 million through a contractual provision requiring the city to reimburse investors for each space taken out of service.

This includes temporary street closures for special events, sewer repairs and other construction projects and street closures that have allowed restaurants and bars to serve more customers outdoors when indoor capacity was restricted or even prohibited.

In the full 12 years since the meters were privatized, the city has paid out $78.8 million in “regularization” payments, as they are called.

That’s even after then-Mayor Rahm Emanuel changed the fine print in 2013, reducing the city’s liability by increasing the hours and days motorists pay for parking.

Taking into account the recently announced figure for 2021, private investors have already extracted $2.1 billion from the deal, in part by refinancing three times. The last $1.2 billion refinancing was completed in 2019.

Now that parking revenue is back to normal, the company should end up earning at least six times more than what investors put in over the life of the deal.

The results of the latest audits were provided to the Chicago Sun-Times by attorney Clint Krislov. As director of the Center for Open Government Law Clinic at IIT Chicago-Kent, Krislov has reviewed dozens of transactions and provides an annual analysis of each year’s results.

“These three deals turned out to be like payday loans. They were so myopic. They took the money fast, ignoring the fact that they were burdening the city with terribly structured, undervalued deals that will cost the city for decades to come,” Krislov said Thursday.

“The city should have hired a parking operator to update the technology and operate the system for the city. If they had done that and gotten a better price for the three assets, Chicago today would have between $3 billion and $4 billion. more dollars than she has from those three transactions combined.”

Scott Burnham, a spokesman for Chicago Parking Meters LLC, declined to comment on the audit.

Although the parking meter lease is the deal Council members and their constituents love to hate, Krislov once again argued that it “pales in comparison” to the Skyway deal.

A decade after investors gave the city more than $1.83 billion to lease the Skyway for 99 years, the rights to operate the privatized highway and escalating tolls have been sold to a consortium of three regimes. Canadian pensions for $1 billion more than the original price.

“Canadian pension funds spent $2 billion buying the Skyway and it’s working well. It would have worked well for the city if the city had just hired an operator to run the Skyway,” and collect the growing tolls for the city , Krislov said. .

Krislov tried to have the meter and garage offerings declared illegal on the grounds that the city cannot legally sell on public roads.

He further claimed that the garage deal both limits development in the Loop and subjects the city to giant penalties, such as the $62 million the city spent to compensate the owners of the Millennium Park and Grant garages. Park after the city cleared the Aqua Building, 225 N Columbus Drive, to open a competing garage.

Both lawsuits were dropped after the Emanuel administration defended the deals.

As mayor-elect Lori Lightfoot has promised to take a fresh look at the parking meter deal and try to find a way to break the lease, shorten it or sweeten the sour terms for taxpayers.

She called it a “burr under your saddle” that “keeps rubbing and rubbing,” but her administration did nothing to remove it.

“We know they’re the ones who call when the phone doesn’t ring, as they say,” Krislov joked, paraphrasing a Randy Travis song.

Getting serious, Krislov said he would have been more than happy to team up with mayor to “fight this thing”.

“If the city administration had said, ‘This is not a legal agreement. The city cannot agree to sell the right of way to individuals in this type of agreement, “we might have managed to get the city out of it,” he added. said.

These Portland start-ups represent a new generation of footwear

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You may know them as “slides” or (if you’re in Hawaii, slides) or Umbros, if you come from a certain extra-preppy slice of New England.

But the Velous Footwear team – the latest in a series of Portland-based sports and outdoor gear start-ups, created by founders with deep roots in the triumvirate of regional giants Nike, Adidas and Columbia Sportswear – prefers the term “recovery”. sandals.”

The idea is that after an athlete has completed a marathon or a casual jog, they can put on a pair of Velous sandals, which are priced between $64.95 and $69.95, depending on the model, and find supportive cushioning for tight muscles, a notch or five. over the traditional foam-based flat thong.

“We really saw opportunities with the salvage category to come up with a better fit,” says co-founder and CEO Tim Bartels, former vice president of global footwear sales at Columbia, who also worked at Nike, KEEN, DC Shoes, and Saxx Underwear Co. “It’s more of a niche. We pursue the athlete when he has finished his activity. We are building something that will help them recover, get out and get back into their sport tomorrow.

“Niche” is the key word and appears time and time again in examples of Portland shoe start-ups trying to carve out a niche in a crowded market.

There’s BALA, which focused on shoes for nurses and other medical professionals who are on their feet for hours every day. There are bet, which manufactures high quality clogs for chefs, sous chefs, cooks and anyone who has ever worked in a kitchen. There’s HILOS, whose cutting-edge 3D-printed shoes recently won them a Best in Show event at the South by Southwest Pitch Festival in Austin last spring.

There are Onthe Swiss high-performance running shoe brand that moved its North American headquarters to Portland, and Holo Footwear, which launched in 2020 and now sells its durable trail shoes everywhere from REI to Dick’s Sporting Goods to Norstrom’s, run by former Columbia, KEEN and Merrell executives.

Velous’ closest local competitors might be some of their former colleagues at startup Jack West, who make what they’ve called “athleisure” flip-flops and flip-flops to appeal to fashion-forward consumers in Asia. in the United States and beyond.

It’s not just parochial hyperbole or hometown pride to call this growth, says Ellen Schmidt-Devlin, co-founder and executive director of the sports product management program at the University of Oregon.

“If the question is, could you start a new shoe brand in Portland, Oregon, the answer is yes. There would be no other place in the world where you would want to do that,” says Schmidt-Devlin, who is her -even an old one from Nike.

That’s not the same as a guarantee that every new brand will break through and be the next Nike, Schmidt-Devlin adds. It’s only been in the last decade or so that Portland’s startup infrastructure has evolved to support these fledgling ventures, with efforts like venture capital firm Oregon Sports Angels and well-staffed consultants like Zefyr, which has positioned itself as an intermediary with brands. , factories and market. It remains to be seen if there is a “new Nike” among the current crop of hopefuls, she says.

Velous hopes, of course, to fill this niche. For now, however, the company offers three flagship styles, two slip-on designs, and another traditional flip-flop shape. What’s different is the design and the materials, says Damon Butler, another co-founder and the company’s vice president for design and creation. In a previous professional life, Butler worked for Adidas and Teva; for design inspiration for the Velous sandal, he says he looked everywhere, from that mid-century modern design classic, the Eames chair, to the flexibility of an accordion, which can flex and bend in all directions.

“An Eames chair has a molded plywood frame with soft leather foam that you sit in. So it’s super plush and comfortable, but with a hard outer shell,” says Butler. The Velous are designed with this in mind, with a stiff frame on the sides and a more cushioning soft foam interior, designed to keep the wearer’s foot stable and centered, even when tired muscles are more prone to a rolled ankle after the workout. coaching.

“If you look at a lot of flip-flops, they look like flat pieces of foam,” Butler says. “You stand on it, there isn’t much there. But if you look at ours, there are no straight lines on the whole. It’s all hollowed out and curved and, and it blends beautifully with a person’s foot.

Like many other shoe start-ups, especially those that have taken root during the pandemic, Velous is still online direct-to-consumer only, although the founders say they are expanding distribution globally and will be there. at outdoor retailer shows this year. Ultimately, their goal is to expand into other styles – imagine an après-ski recovery shoe, for example.

But the flagship sandal is the entry point, coming at a time when the “recovery” category is taking up more and more space in stores – think of the stacks of foam rollers and massage balls on sale at REI and other retailers now, says co-founder and vice president of product creation Brad Bischel, as opposed to a decade ago when it was thought that a few post-run stretches were all you would need to get up and start again the next day.

Good time or not, a shoe startup, even in a connected market like Portland, isn’t cheap, Schmidt-Devlin says, especially given the factory order minimums and shipping costs that soar. Given the long lead times, it can take years for founders to see benefits, she says. But starting by carving out a particular niche – as Velous and others have done – is a good strategyShe adds.

“If you were at Nike and you asked them, ”,'” Schmidt-Devlin says. “Because, you know, big companies are like big aircraft carriers. They are very, very difficult to turn and consumers change very quickly. And also, Nike, or any of these other companies, if they’re going to approach [a new market], it must be of a certain size. And so, looking for a niche is a great way to get into the industry.

The one who felt good

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Thirty-five years later, John McEnroe’s rebellious nature lives on with the celebration of a tennis sneaker he made famous.

There is a catch though: it wasn’t really a tennis sneaker. And McEnroe was not destined to make him famous. Such is the story of the Nike Air Trainer 1, a shoe closely linked to three of the biggest names in tennis fashion history: McEnroe, Andre Agassi and architect-turned-shoe designer Tinker Hatfield, the man behind the Air Jordan 3 and creator. from Agassi’s Air Tech Challenge 2, Pete Sampras’ Air Oscillate and the Vapor line – may she rest in peace – made legendary by Roger Federer.

The story of the Air Trainer 1 begins in the mid-1980s before an all-around training shoe became a thing. Hatfield changed all that. Inspired by a trip to the gym – which required packing several sport-specific designs – Hatfield set out to create a viable pair of shoes for both the court and the gym, creating a prototype with a cut higher and a lateral stabilizer design for stability and support, with a higher heel than the typical basketball shoe but lower than the average running shoe that featured Nike Air cushioning and a midfoot strap for locking. Hatfield even wrapped his design in the black, gray, white and “chlorophyll” green colors of the gym equipment that inspired him.

While that creation eventually became known as the 1987 release of the Air Trainer 1 “Chlorophyll,” the sneaker’s big moment came sooner, thanks to McEnroe.

Back in 1986 after a hiatus from tennis, McEnroe was eager to get back into the game. He worked with Nike to find a sneaker to suit his needs – the Mac Attack came out in 1984, so by 1986 he was ready for the next thing. “Luckily when the guys at Nike sent me a bunch of different prototypes to try, there was this disposable that they weren’t even planning on sending me,” McEnroe said in 2015. turned out that was the one, for me was the most impressive.

Hatfield didn’t know it, but McEnroe was given one of the first Air Trainer 1s, specifically asking him not to wear them in a tournament, but to try them out in practice. McEnroe ignored the request. “Once they were on I was like, ‘Sorry guys, this is the one we have to deal with, we have to reverse the field here,'” McEnroe said. “This one felt really good.”

McEnroe then went to Los Angeles and won his first tournament. In the Air Trainer 1. Then he won his next.

“It was a breathtaking experience for me because I had no idea he was going to wear them,” Hatfield said years after the release. “Nobody did it. He wasn’t supposed to do it. He just did it.

McEnroe asked for more, so Nike created special player models designed with clay- and grass-specific outsoles.

The shoe was released as a trainer in 1987, but the Air Trainer 1 retained its tennis credibility when Andre Agassi, a new Nike signee in 1988, wore the Air Trainer 1 in his first match with Nike.

Marketing of the Air Trainer 1 then took a different turn – more in line with the original plan – and became the “Bo Knows” line, the slogan leading the Bo Jackson campaign. By then, the sneaker’s tennis pedigree was well established.

USWNT Star Alex Morgan Reveals Kobe Bryant’s Daughter’s Limited Edition ‘Mambacita Sweet 16’ Shoes

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The tragic death of Kobe Bryant has shaken everyone. On January 26, 2020, nine people, including Bryant and his daughter Gigi, lost their lives in a tragic helicopter crash. After this tragic event, Nike paid homage to both by releasing a limited edition, “Mambacita Sweet 16” shoe. They released it to honor Gianna ‘Gigi’ Bryant on her upcoming 16th birthday. Within minutes, the stock sold out when soccer star Alex Morgan received a pair of Nikes.

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Morgan posted an Instagram story showcasing her new sneakers. Indeed, the shoes look shiny.

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Alex Morgan unveils his latest Mambacita sneakers

She wrote “Thank you Mambacita” and flaunted her shoes on Instagram via the story. The shoes look great with her name Gigi written behind the heel, while a mamba logo proves her mentality just like her dad. Vanessa Bryant took to social media to thank Nike for this clean pair of sneakers and wrote some inspirational words. Bryant mentioned:

“I’m so thrilled with how these Mambacita shoes came out in honor of my daughter, Gigi. The ‘Mambacita Sweet 16’ is inspired by her resilient spirit and the love she had, not just for the game , but also for her family, friends and community.Part of her legacy is to build a better future for all girls and women in sport, one step at a time.

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Just like her father, Gigi wanted to play in the WNBA. Meanwhile, Vanessa had signed an agreement with Nike to create clothes in honor of her husband, nicknamed the “Black Mamba“.

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Special edition cleats from Morgan

Nike always releases special edition shoes in honor of its athletes. Even Morgan got her own pair of cleats as she Mark 100 goals for the USWNT. With colors close to the national team flag, the font of the number resembles the Nike T90 logo. They designed the shoes to strike the ball perfectly and the cleats look very stylish. Thus, it was a tribute from Nike to one of the greatest football players in football history.

LYON, FRANCE – JULY 02: Alex Morgan of USA celebrates after scoring her team’s second goal during the FIFA Women’s World Cup France 2019 Semi-Final match between England and USA at Stade de Lyon on July 02, 2019 in Lyon, France. (Photo by Richard Heathcote/Getty Images)

Likewise, the latest Mambacita collection looks good, as it’s a perfect way to pay homage to Gianna Bryant. Losing both Gigi and Kobe was really tough because it’s a nice move by Nike to give them special edition shoes.

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WATCH THIS STORY- ‘Roast me’: USWNT star Alex Morgan makes surprising request to Wendy’s on Twitter

SLATE: Big 12 Baseball tournament in sight this week

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Baseball

The Big 12 Baseball Championships begin today from Globe Life Field in Arlington, TX (home of the Rangers). the The 7-seeded Wildcats take on 2-seeded Texas Tech at 4 p.m. CDT today in the first round, and Kansas State is looking to snap a four-game losing streak after losing all four games last week to the Virginias. The last time the Cats and the Top-10-ranked Red Raiders faced off, Tech swept the series in Lubbock, thanks to a resounding win in Sunday’s game. The Cats began their 2022 season at Globe Life Field, dropping all three games in what ultimately became a 5 game losing streak to open the season.

The Big 12 Championships are double-elimination, so K-State will have at least two games before its season officially ends. But the Cats are 1-8 against their projected foes (they play either OU or WVU on Thursday), so expect a quick exit. Wednesday and Thursday games (and basically all Championship games) will be shown on Big 12 Now on ESPN+.

On a somewhat positive note, four Wildcats earned spots on All-Big 12 teamsled by Dylan Phillips who received a snubbed nod to the All-Big 12 Second Team as a utility player (which really should have put him higher on the list considering he’s won weekly awards in both batting and pitching this season…). Phillips was joined by Kaelen Culpepper, Nick Goodwin and Dominic Johnson, who were all on the honorable mention list. Culpepper, who played third base this season, was also named to the All-Freshman team. Johnson would have spearheaded an “All-Newcomer Team” after leading K-State in all three slash categories, and Goodwin might have gotten the go-ahead after leading the conference in field errors with an impressive 16 registered for the season (wait, now I’m being told that’s a bad thing…).

Basketball

The K-State women’s basketball team will once again face the South Dakota State Jackrabbits in the Kansas City Municipal Auditorium, with the 2022 match-up set for Saturday December 10 and 1 p.m.. The Cats and Jackrabbits, who won the Summit League regular season crown last season and won the WNIT after being upset in the Summit Tournament Championship Game by 2-seeded South Dakota, faced off last season at Brookings with the Cats earning a 79-73 win.

Soccer

Chris Klieman had another big addition to the Class of 2022 yesterday, with the commitment of JUCO linebacker Gavin Forsha from Tyler Junior College in Texas. K-State was an early recruiting favorite and held a late charge from Lincoln Riley and USC to secure the commitment. Forsha becomes Tyler JC’s third new Wildcat this offseason, joining teammates Kobe Savage (who was on campus this spring) and Judge Clemons. Forsha is a long-term addition to the position, and he will have four years of eligibility left to play three seasons after only being at the college level for a single year.

Racetrack

Athletes on K-State track and field teams will be looking to keep their season alive after a dismal team at the Big 12 Championships. Today and tomorrow, 18 Wildcats will be in Fayetteville, AR for the 2022 NCAA West Preliminaries, and will look to lock in their spot for the 2022 NCAA Outdoor Championships in a few weeks. Events are already underway and evening events can be seen streaming on the SEC Network.

How to spot predatory lenders

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  • Loan sharks are illegal moneylenders, often part of organized crime, who threaten and use violence to recover their money from borrowers.
  • Although loan sharks are less prevalent with a drop in organized crime, vulnerable people are still victims of predatory lending.
  • If borrowing money from loved ones isn’t an option, you can consider secured credit cards or second-chance banking as an alternative.

As the name suggests, loan sharks prey on vulnerable people who are in need of money with no other options. They are usually associated with organized crime, which has become increasingly common on television than on the streets.

However, these vulnerable borrowers still exist. Over time, loan sharks evolved into a new technically legal form of lending to take advantage of these people: predatory lenders.

What is a loan shark?

A loan shark is a type of predatory moneylender, often part of a larger criminal organization, who lends money to borrowers outside the law. These loans often come with high interest rates, usually beyond the legal limit set by state law. Reimbursement is usually enforced by threats and the use of violence.

Victims of loan sharks are usually vulnerable people who desperately need money immediately. Either they don’t have time to wait for a loan to be approved, or they can’t qualify for any type of loan. Loan sharks operate locally, so a victim is usually “someone in the neighborhood who knows someone with money on the street,” says Jeffrey Cramer, senior managing director of Guidepost Solutions and a former New York City attorney. “The loan sharks don’t advertise. So it’s usually word of mouth.”

How loan sharks work

Most loan sharks offer smaller, short-term loans. “We’re not talking about a mortgage for a house or anything. Usually it’s several hundred, several thousand dollars, money they may owe right now,” Cramer says. This loan comes with high interest rates which are usually insurmountable for people who usually need to look for an alternative financial service.

How to find a loan shark

It is important to know where to find loan sharks, in order to avoid them altogether.

Luckily, you’re unlikely to come across a loan shark, mostly because it’s largely collapsed with the decline of organized crime. Cramer also says that most people who borrow from loan sharks know what they’re getting into, but don’t have an alternative, so you won’t accidentally bump into a loan shark.

However, you could quickly find yourself in a similar situation if you take out a loan with a high interest rate. “The loan shark concept has been baked into these companies, let’s call them predatory loan companies,” Cramer said. These predatory loans often do not take into account the repayment capacity of the borrower. “They’re not going to break your legs, it’s all done under the guise of the law. They’re going to garnish wages, they’re going to send in a debt collector.”

Alternatives to predatory lending

Loan sharks may be largely a thing of the past, but their potential victims are still very much around. A 2021 Morning Consult survey found that 10% of American adults are unbanked – meaning they don’t have a checking or savings account – and 25% are underbanked – meaning they don’t have a bank account. ‘have a savings account or checking account, but have used an alternative financial service within one year of completing the survey.

These households do not have access to financial institutions for various reasons – they do not trust financial institutions, they are undocumented, they cannot qualify due to past credit errors. A large portion of this group simply cannot afford the associated fees or minimum deposit requirements. “If you can go to a bank or borrow with a credit card, it’s infinitely cheaper,” says Jack Miller, strategic finance advisor at Real Estate Bees and founder of Gelt Financial, LLC. “But there’s a large chunk of the population that’s just underbanked.”

Instead of turning to financial institutions, these borrowers turn to alternative lending companies with high interest rates. Payday loans are a good example. These loans, also known as cash advance loans, give borrowers immediate access to small amounts of money – typically $500 or less – with high interest rates. Repayment is due on the borrower’s next payday.

These loans can be attractive to distressed borrowers because they do not take into account the borrower’s ability to repay the loan. But this interest rate can quickly become a problem if the borrower does not have the funds to repay the lender.

Miller says the best option for the unbanked is to borrow from a loved one, whether it’s a family member or friend. Of course, that might not be an option for everyone because “in a lot of communities, you know, friends and families don’t have that money,” Miller says. If so, here are some alternatives:

Second Chance Bank: Banks often offer a lighter version of a checking account for people with complicated credit histories. The registration process usually skips the credit check, but has some limitations. For example, people with these bank accounts usually do not have access to a debit card to avoid overdraft fees. They also usually come with lower monthly fees and lower minimum balances.

Secured credit cards: Another option for people with verified credit history might be a secured credit card. These are credit cards that are secured by a security deposit that you make when you open the card. These credit cards often overlook credit errors or lack of credit history. The minimum security deposit usually hovers around $200 depending on the credit card, but you can get it back when you close the credit card.

Not only do they offer a line of credit and a chance to rebuild your credit, but they also offer lower APRs than unsecured credit cards because the debt is already covered by that security deposit.

These options do not outright solve the underbanking problem in the United States, but they are a start. “They really need to take every little step they can to push them in the right direction,” Miller said.

Caleres Inc. (CAL) Exceeds First Quarter Earnings and Revenue Estimates – May 24, 2022

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Caleres Inc. (CAL Free Report) came out with quarterly earnings of $1.32 per share, beating Zacks consensus estimate of $0.82 per share. That compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 60.98%. A quarter ago, this footwear wholesaler and retailer was expected to post a profit of $0.67 per share when it actually produced a profit of $0.91, offering a surprise 35, 82%.

In the past four quarters, the company has exceeded consensus EPS estimates four times.

Caleres Inc., which is part of the Zacks Shoes and Retail Apparel industry, reported revenue of $735.12 million for the quarter ended April 2022, beating Zacks’ consensus estimate of 11.20%. That compares to revenues of $638.64 million a year ago. The company has exceeded consensus revenue estimates four times in the past four quarters.

The sustainability of the immediate stock price movement based on recently released numbers and future earnings forecasts will primarily depend on management’s comments on the earnings call.

Shares of Caleres Inc. are down about 1.1% year-to-date compared to the -16.6% decline in the S&P 500.

What’s next for Caleres Inc.

As Caleres Inc. has outperformed the market so far this year, the question on investors’ minds is: what’s next for the stock?

There is no easy answer to this key question, but a reliable measure that can help investors answer it is the company’s earnings outlook. This includes not only current consensus earnings expectations for the upcoming quarter(s), but also how those expectations have changed recently.

Empirical research shows a strong correlation between short-term stock movements and trends in earnings estimate revisions. Investors can track these revisions on their own or rely on a proven scoring tool like Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Prior to this release of results, the trend in estimate revisions for Caleres Inc. Mixed. While the magnitude and direction of estimate revisions may change following the release of the company’s earnings report, the current situation translates into a No. 3 (hold) Zacks ranking for the stock. Thus, the shares should move in line with the market in the near future. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how the estimates for the next few quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.04 on $718.4 million in revenue for the upcoming quarter and $3.88 on $2.87 billion in revenue for the current fiscal year.

Investors should be aware that the outlook for the sector can also have a significant impact on stock performance. In terms of Zacks industry rankings, retail footwear and apparel is currently in 39% of Zacks more than 250 industries. Our research shows that the top 50% of industries ranked by Zacks outperform the bottom 50% by a factor of more than 2 to 1.

Another stock in the same sector, Nike (NKE Free Report), has yet to report results for the quarter ended May 2022.

The sportswear maker is expected to post quarterly earnings of $0.84 per share in its upcoming report, representing a year-over-year change of -9.7%. The consensus EPS estimate for the quarter has been revised down 2.6% in the past 30 days from the current level.

Nike’s revenue is expected to be $12.31 billion, down 0.3% from the year-ago quarter.

Will Adidas help Foot Locker defeat Nike? – RetailWire

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May 24, 2022

Foot Locker is counting on Adidas, the second-largest supplier of athletic shoes, to help offset the loss of business as Nike, the largest, Nike, withdraws some of its business.

The retailer in February announced that Nike is expected to account for approximately 55% of fourth quarter sales and continue at that level through 2023, up from 65% in the fourth quarter of 2021. Which includes reduction in allowances of “high-temperature” products, such as Air Jordans.

The reduction reflects steps taken by Nike to consolidate wholesale accounts into a direct-to-consumer (DTC) push. Foot Locker has guided comps down eight to ten percent this year, with Nike’s biggest impact expected in the fourth quarter.

Foot Locker earlier this month announced a improved Adidas relationship which establishes the retailer as Adidas’ premier basketball partner, bolsters collaboration on “energy and hype” launches, and prioritizes franchises for women’s, kids’ and apparel. The collaboration with Adidas is targeting more than $2 billion in retail sales by 2025, almost triple that of 2021.

In the first trimester, non-Nike comps have increased among teens as Foot Locker has made progress in diversifying its assortments. Beyond Adidas, the retailer saw gains with Puma as well as 50% growth with New Balance, Crocs and Converse.

Foot Locker also sees growth in running performance with expansion plans set for two upstarts, On and Hoka One One, looking to reach younger consumers. Accelerating growth in private label apparel should also help offset Nike’s decline.

Overall quarterly offsets fell 1.9% due to tough comparisons a year ago with stimulus payments.

Analysts seemed particularly concerned about Foot Locker’s ability to compete in the basketball category with fewer Nike products.

On the quarterly analyst callDick Johnson, CEO of Foot Locker, said that in addition to Adidas, Puma and New Balance, which both recently returned to the performance basketball category, as well as classic basketball products from Reebok , are expected to support the retailer’s basketball push.

Mr Johnson said: “We just feel good about basketball in general and strongly believe that Adidas is going to be one of the key players with our existing portfolio of hot Nike silhouettes and the like.”

DISCUSSION QUESTIONS: Do you see Adidas as the keystone in resetting Foot Locker’s merchandise mix amid Nike’s reduced allocations? Does a broader mix of lifestyle products make sense, or should Foot Locker still aim for a strong point of view on basketball?

Braintrust

“An assortment and brand diversification strategy is precisely what Foot Locker needs to help offset some of the losses attributed to Nike’s reduced allocations.”

wpDiscuz

WATCH: Kobe Bryant watched MLS legend Zlatan Ibrahimovic knock out the Italian soccer legend

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Kobe Bean Bryant is one of the greatest players to ever play basketball. During the 2000s decade, no basketball star was bigger than Kobe. After Shaq left the Lakers for the Miami Heat, for several years Kobe was an individual team. Kobe was also fond of other sports. Having been in Italy during his early years, Kobe was also a football fan. And in a resurfaced video, Kobe can be seen in a commercial with Italian soccer legend Pirlo.

In an old Nike a d campaign, we can see many football stars playing football. Zlatan Ibrahimovic is seen dribbling the ball and running towards the opposition goal. He is then fouled, so he lines up for a free kick. We also see other footballers like Neymar, Andrés Iniesta and Mario Götze. Zlatan then takes the free kick, which then hits Andrea Pirlo in the head. Andrea then, sitting in the audience with Kobe, said “ I’m glad it’s not me“. Kobe has the last word though when he says: ” It’s a good header“.

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Kobe Bryant – The legend who was more than the game

Kobe was part of the legendary 1996 NBA Draft class. He was not originally drafted by the Lakers, but Jerry West later traded for Kobe to pair him with Shaq. It started another dynastic run for the Lakers, which won them three NBA championships.

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Kobe would end up playing for only one team. He had two of his jerseys retired by the Lakers in numbers 8 and 24. He would end up winning 5 NBA championships over two different eras.

Boston Celtics’ Paul Pierce (R) drives the ball away from Los Angeles Lakers’ Kobe Bryant (L) during Game 3 of the 2008 NBA Finals in Los Angeles, California June 10, 2008. Bryant scored 36 points and the The Los Angeles Lakers held off Boston to defeat the Celtics 87-81, shooting two games to one in the National Basketball Association Finals. AFP PHOTO / GABRIEL BOUYS (Photo credit should read GABRIEL BOUYS/AFP via Getty Images)

After going through a period where he and the Lakers couldn’t compete, the trade for Pau Gasol changed everything.

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Pau Gasol gave Kobe a legitimate running mate. They both made three consecutive NBA Finals and won two. One of them was against their great rival Boston Celtics. Let us know in the comments below your favorite Kobe moment.

Good news this summer for Buffalo Sabers fans

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The Buffalo Sabers miss out on the NHL playoffs for the 11th straight season, but unlike many of those years, the future looks very bright for the Sabres.

The team has a legitimate leading scorer in Tage Thompson, who broke with 38 goals in 2021-22. Veteran winger Jeff Skinner finally came to his senses with 33 goals and 63 points, and defenseman Rasmus Dahlin had his best season in the NHL with 13 goals and 53 points.

The team currently has two big prospects with the Rochester Amerks: forwards JJ Peterka and Jack Quinn. They also have defensemen Casey Fitzgerald and Mattias Samuelsson, as well as first overall pick Owen Power.

Sabers fans are about to have more good news this summer, as that prospect pool is about to get even bigger.

Buffalo will have a very busy 2022 NHL Draft, as general manager Kevyn Adams has three first-round picks.

We know of two such picks: 9th and 16th overall. The 16th overall pick comes from the Vegas Golden Knights, which they received in the trade with Jack Eichel.

The Sabers will also have a pick near the end of the first round, such as 28th overall. This is from the Florida Panthers, as part of the Sam Reinhart trade.

Buffalo has four of the top 41 picks in the 2022 NHL Draft — the most of any team this early.

Adams recently signed 2021 draft picks Aleksander Kisakov (forward, 2nd round) and Olivier Nadeau (forward, 4th round).

Buffalo will have the best pool of prospects (at least the most in quantity) after the 2022 NHL Draft. Goaltenders are the Sabres’ biggest weakness, but they have Devon Levi (Northeastern) and Erik Portillo (Michigan) in college. The two are two of the NHL’s top goalie prospects.

2023 might be a year too early for a playoff push, but by 2024 the Sabers are expected to be a playoff contender.

Buffalo Sabers Goalie Masks

Buffalo Sabers captains since 2000

WATCH: 50 images of winning moments in sports history

Sometimes pictures are the best way to honor the characters we’ve lost. When tragedy quickly reminds us that sport is far from the most important thing in life, we can always recall the moment of victory of an athlete who seemed larger than life, remaining grateful for his sacrifice on the ground and bringing joy to millions of people.

Read on to explore the full collection of 50 images compiled by Stacker featuring various iconic moments of victory in sports history. Covering the achievements of a multitude of sports, these images depict stunning personal achievements, team championships and athletic perseverance.

What you should do if your parents don’t want to cut funding to cover your own education |

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What you should do if your parents don’t want to cut funding to cover your own education

If parents are involved in privacy, ask them for confidentiality of student information, including financial aid software, try to protect them through your Family Education Rights and Privacy Work (FERPA ). In particular, universities do not disclose the recorded advice of the father or mother to the student (or to the former boyfriend-husband of the new parent).

Contact the latest educational fundraiser at the university. Sometimes they have the ability to intercede with the parents and you will convince them to complete the FAFSA. Often it is helpful to have a third party conversation with your mothers in case your environment between you and your mothers is just too emotionally charged.

But if you can also persuade your parents to help you file the brand-new FAFSA, you could potentially benefit from support primarily based on your needs, such as sponsored Stafford funding and the Pell grant, as well as support services. organization.

The special characteristics of young people recorded the forms of the signature of his parents. Not a good idea, since the fee for this is very large, of course, you don’t have a copy of your own parents’ tax, you’ll probably be caught in case the wide variety doesn’t match .

What you should do when your mothers and fathers are excited about a dirty separation and divorce. Keep in touch with for each mother on their own. When they’re concerned about the new privacy of your financial information from school funding programs, keep them in touch with the university’s newest School Funding Administrator. If your university receives a judge who asks them to release every piece of information, they will deal with the most affected father or mother as soon as possible and do nothing until the father or mother has already established the time for you to challenge your order in court. Credential information, along with education finance software and supporting documents, is actually included in very strict federal privacy guidelines, for example FERPA.

How to proceed if your parents do not want to pay. Some people could possibly qualify for Independent Updates. Or even, it is reported that you depend on your mothers in addition to their money and you can establish your qualifications to possess guidance. In case your parents don’t spend, you will have to make up the real difference. The institution and the authorities cannot help. Get the Full Story: Federal Financial Aid with FAFSA Separate Student

Talk to your parents and you can deposit your money in front of them. Suggest to them how much money you have and will definitely earn, appearing you are doing what you can afford will set you back. Just show them how much you’ll be charged and the size of the most recent spread. Make it clear to them that if they don’t help fill a gap, you won’t be able to top your own degree, no matter how hard you are.

What direction to go in case your step-parent refuses to file forms if not to lend assistance. Remind him that the federal government relies on his money and that you can own property regardless of his refusal. If they indicate a good prenup, let them know that this agreement is between the two and their mate. You are not a party to this agreement, nor is the government, so they may not be joining you. Have them complete the FAFSA, while qualifying for help dependent on desire, even if they don’t advise you on the institution, it will cost you. Build an acceptance from your mother and father, for which you invest in the duty of guessing with the costs towards And in addition funding when you graduate and also have a job. You will graduate heavily in debt, and will certainly need to fight, but at least a prospective scholar.

Unsubsidized Stafford money with no parental pointers Area 479A(a) of higher education Work from 1965 just like modification of part 472(a)(4) payday loans near me Opportunity for advanced schooling Work from 2008, allows based pupils to find unsubsidized Stafford funding in lieu of parental details on the brand new Free Application Obtaining Government Scholar Services (FAFSA) if, for example, the funding officer of the school “verifies your mother or father, otherwise the parents of such a scholar have terminated the funding of this student and you may not document, for example, the means.” Although this is not the case, children have more financial aid when parents are on the new FAFSA or if a new student has received a habit waiver.

The school finance directors are particularly careful to protect the latest confidentiality of the new beginner and you can mothers, and will not allow the mother to observe every piece of information recorded by most others

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‘LeBron James rejected $117M from Reebok to sign $87M deal with Nike’: How the Lakers superstar started his historic relationship with the Swoosh

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In 2003, LeBron James signed a 7-year, $87 million deal with Nike, losing over $28 million by not choosing Reebok

Coming to the NBA is a dream for anyone who loves to play basketball. However, only a few can actually materialize on the same. Of these few, only a select few are considered the greats of the game. LeBron James is one of them.

Getting tons of recognition from his freshman year in high school himself, LeBron James was a highly sought-after person. From his high school days, LBJ was compared to the great Michael Jordan. Many have gone so far as to call the young high school student MJ’s next comer.

Also Read: ‘LeBron James Is the Most Gifted Player We’ve Ever Seen, But Michael Jordan Changed the Game’: When Karl-Anthony Towns Explained Why the Bulls Superstar Was His Pick for the GOAT Debate

Ever since he declared for the NBA Draft in the summer of 2003, shoe brands have been after him for a deal. Ahead of the NBA draft, King had to choose between Nike, Reebok and Adidas as the shoes he would wear on his big-stage debut.

LeBron James Lost $28 Million Choosing Nike, But Has Made About $1 Billion Since

In 2003, Reebok offered James $115 million for a rookie contract. On the other hand, Nike offered $87 million and Adidas offered less than $60 million. LeBron James decided to tackle the brand that his idol, Michael Jordan, trusted, and opted for Nike.

19 years later, LeBron is on a lifetime deal with Nike, having signed a $1 billion contract for the same. Other than that, LBJ earns around $32 million a year from the shoe brand.

Also read: “No NBA? No problem! Kevin Durant and LeBron James were out for blood!”: When the Lakers superstar and Nets frontman faced off in a pickup game during the 2011 Lockout

Nike has opened the LeBron James Innovation Center on its Oregon campus. Together, Nike and LBJ have worked to bring about change for the good of athletes and society.

With what he earned from the Swoosh, I guess the initial $28 million wouldn’t hurt LBJ that much.

STOLEN GOODS | Crime and courts

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The following property thefts have been reported in the T&D area:

• 5/17/22 – Homestead Road and Four Holes Road, Orangeburg: A catalytic converter was stolen from a 1996 Mazda B2300. The value of the catalytic converter and damage to the Mazda is $1,600.

• 5/17/22 – Cameron Road, Orangeburg: Someone stole the catalytic converter from a silver 2003 Honda Element. The value of the catalytic converter and element damage is $1,400.

• 5/17/22 – Belleville Road, Orangeburg: A Sears air conditioner and a Zenith television were stolen. The items are valued at $15,000.

• 5/17/22 – Cannon Bridge Road and Rivermont Road, Cordova: A blue Suzuki Quad Runner 4 was stolen. It is valued at $1,000.

• 5/17/22 – Lone Lane Drive, Cope: The following items were stolen: a 65 inch Samsung smart TV, a set of JBL speakers, a washing machine and dryer. The items are valued at $5,200.

People also read…

• 5/12/22 – Frankfort Court, Eutawville: Someone stole a black and red 2010 Dodge Charger. It is valued at $10,000.

• 09/05/22 – North Road, Orangeburg: Five Remington rifles, a Benelli 12 caliber and a Sig Sauer .40 caliber were stolen from an unlocked motorhome. The firearms are valued at $6,900.

• 05/09/22 – Howard Hill Drive, Orangeburg: Catalytic converters were cut on three vehicles belonging to the Orangeburg Department of Social Services. Catalytic converters are rated at $1,500.

• 5/9/22 – Village Park Drive, Orangeburg: Someone stole two catalytic converters from a 2006 Toyota Tundra. The catalytic converters are valued at $4,000.

• 09/05/22 – Freedom Road, Branchville: The following items were stolen: five pairs of Nike shoes, assorted clothing, a 55 inch flat screen Samsung TV, a jug of water with approximately $500 in parts of loose change, approximately $400 in cash bills, a Winchester 12-gauge shotgun and at least a dozen 12-gauge cartridges. The value of the items stolen is $4,108.

• 5/6/22 – Bayview Street, Holly Hill: Someone stole four propone tanks and two car batteries. The items are valued at $2,200.

• 05/05/22 – Russell Street: Black smooth cigars and packs of white T-shirts were stolen from Dollar General. Items are valued at $2,000.


Shooting incident linked to an altercation at the club

• 05/05/22 – Five Chop Road, Orangeburg: A black Samsonite computer bag containing a silver Vostro Notebook 7500 was stolen from outside a room at the Town Terrace motel. The items are valued at $1,240.

• 05/05/22 – John C. Calhoun Drive, Orangeburg: The following items were stolen from The Keg: 25 cartons of Newport 100s cigarettes and 10 individual packs of Newport cigarettes. The value of the cigarettes is $2,080.

• 05/05/22 – Old Edisto Drive, Orangeburg: Someone stole an Apple iPhone 12 from a car parked at Dodge. The phone is valued at $1,200.

• 05/05/22 – Five Chop Road, Orangeburg: The catalytic converter was stolen from a 2020 Chevrolet Silverado 1500 truck. The catalytic converter is valued at $1,584.

• 05/05/22 – Banashee Circle, Orangeburg: Someone stole $1,200 in cash from a vehicle.

• 05/05/22 – Dorchester Street, Orangeburg: A catalytic converter was stolen from a 2003 Toyota Sequoia. The catalytic converter is valued at $1,200.

• 02/05/22 – Fairview Road, Orangeburg: Someone stole a blue 2015 Nissan Juke. It is valued at $13,768.


TheTandD.com: $1 for the first 26 weeks

• 02/05/22 – Holestein Road, Bowman: A gray 2005 Ford F-150 pickup truck, Hellcat gun and hunting gear were stolen. The value of the stolen items is $5,000.

Kobe Bryant’s rookie jersey could fetch $5 million at auction

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Another piece of Kobe Bryant memorabilia could sell for millions at auction.

Bryant’s Los Angeles Lakers #8 jersey worn by the late superstar during home games during his 1996-97 rookie season is featured in SCP Auctions’ Spring Premier 2022 set which runs until June 4. It is the only known ever photo-matched jersey from his rookie year, SCP Auctions said in an emailed statement.

The auction site estimates it will sell for between $3 million and $5 million. CEO/Chairman David Kohler has confirmed that the $5 million mark at TMZ Sports. The jersey is gold with purple trim and features two patches at the bottom for the Lakers and Champion size.

Bryant’s jersey matched the 1997 playoffs

Lakers general manager Jerry West, Kobe Bryant and head coach Del Harris show off the rookie in 1996. The jersey worn by Bryant is up for auction. (Steve Grayson/WireImage)

Experts matched the uniform to five games, including two playoff games, when Bryant was a rookie. SPC Auctions said he was matched in Games 3 and 4 of the Western Conference Semifinals with the Utah Jazz on May 8 and 10, 1997.

“All three authenticators conclusively matched the purple and gold threads to these two sets,” SCP Auctions said in a statement.

The Lakers won Game 3 and lost Game 4. They lost the series in five games. It was Bryant’s first-ever playoff appearance. He appeared in 16 playoffs and won five NBA championships.

The jerseys were also photomatched for regular season games on April 13 and 17.

“Most experts agree the jersey was worn at the end of Bryant’s rookie season, as well as in all home playoff games that year,” SCP Auctions said.

A signed Bryant jersey from the same season sold last year for $3.69 million, a record for a basketball jersey. The record for a jersey is the New York Yankees jersey worn by Babe Ruth in 1920 and sold for $4,415,658 in 2012.

Bryant, James, Jordan at auction

The auction also includes Bryant’s work-playing Adidas sneakers from his rookie year. There is also a signed and “highly sought after” PMG autograph Mint 9 card which is the “first and only known example ever offered publicly”, the auction house said.

“He could very well be the only one there, period,” the auction house said. It could very well be the only one that exists, period. “It’s a rarer card than even his unsigned green BGS-rated NM-MT+ PMG that sold for $2 million in February.”

The auction includes a used game Automatic double-card Kobe and Michael Jordan, a Tom Brady rookie refractor, a 1986 Fleer Jordan card and a Joe Burrow rookie card. Bryant’s autographed All-Star NBA shoes from 2004, LeBron James’ photomatched Lakers shoes for two games in 2021-22 and a pair of Giannis Antetokounmpo sneakers from the 2020-21 championship campaign are up for auction.

Travis Scott’s New Nike Air Sneakers Get Over 1 Million Sweepstakes Entries In 30 Minutes

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Travis Scott’s deadly Astroworld festival concert claimed the lives of ten people on November 5, 2021, after they died of accidental compression suffocation from a crowd crush.

The event took place at NRG Park in Houston, Texas, and was the first night of the annual festival Scott founded in 2018.

Eight people died on the evening of the concert and two others died in hospital the following days.

Twenty-five people were taken to hospital and more than 300 people were treated for injuries at the festival’s field hospital.

In January, the Texas Judicial Panel On Multidistrict Litigation combined the hundreds of lawsuits stemming from the Astroworld festival into one case.

Autopsies revealed that all 10 Astroworld victims died of ‘compression asphyxia’ – (clockwise) Madison Dubiski, 23; John Hilgert, 14; Bharti Shahani, 22; Axel Acosta, 21; Brianna Rodriguez, 16; Mirza Baig, 27; Franco Patino, 21; Jacob Jurinek, 21; Rodolfo Angel Pena, 23 years old; and Ezra Blount, 9 years old

The lawsuits claim Scott, LiveNation and other organizers were legally negligent in the way they planned the festival, which drew an estimated 50,000 people.

However, a new court filing filed in May this year claimed that more than 4,900 people were injured in the stampede, a figure exponentially higher than originally reported.

Lawyers Jason Itkin, Richard Mithoff and Sean Roberts said 732 victims were seriously injured and required extensive medical attention after the stampede.

They say a further 1,649 received less extensive treatment and the severity of injuries to 2,540 spectators is still being investigated.

Shanazia Williamson and Jarawd Owens are among those suing Scott, Live Nation and others, claiming in a lawsuit that Williamson was “trampled on and crushed, resulting in the death of her and Jarawd’s unborn child.”

Festival: The fatal incident happened during Scott's performance on the evening of Friday, November 5 in his hometown of Houston, Texas

Festival: The fatal incident happened during Scott’s performance on the evening of Friday, November 5 in his hometown of Houston, Texas

Scott broke his silence on the tragedy with radio host Charlamagne tha God during an interview in December last year, blaming his ‘in-ear’ persona for not urging him to stop the show earlier.

He said he was 1000 per cent sure he had done everything he could to prevent the tragedy, and claims he did not hear the screams and cries for help as the crowd was getting out of control.

“There are things going on, you know, and it’s been so long, and I’m just trying to really figure things out,” he said when asked why he was breaking his silence.

In a fiery statement to DailyMail.com, the family of one of the victims killed at AstroWorld responded to the interview saying: “Every time Travis Scott opens his mouth in an effort to avoid responsibility and liability, he further exacerbates the pain of those who lost loved ones.

“Because he will not do so voluntarily, we intend to force Travis Scott to accept responsibility for his conduct, in court, in front of a jury,” the statement from the family of Axel Acosta, 21, added. years old, who perished in the stampede.

Travis Scott performs during the 2021 Astroworld Festival at NRG Park on November 05, 2021 in Houston, Texas

Travis Scott performs during the 2021 Astroworld Festival at NRG Park on November 05, 2021 in Houston, Texas

Nike 50th Anniversary Sale – 20% Off Nike Running Gear

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It’s hard to imagine a world without Nike. Just take a look at your wardrobe – whether it’s running clothes, loungewear, socks or shoes of any shape or size, you’ll likely find that a swoosh Nike adorns some of your favorite items. It’s no surprise, considering the brand has been at the forefront of the sportswear market and a leader in innovation, creating some of the best sportswear and footwear ever made.

Here has The runner’s world, every time we hear the words “Nike” and “sale” in the same sentence, we immediately update Nike.com to stock our baskets with the latest and greatest running gear for less. But there has never been an occasion like this: Nike turns 50 this month. To commemorate half a century of Nike, the brand marks certain items 20 percent off for Nike members who use the promotional code 50 YEARS at the register.

And don’t worry, becoming a Nike member is very easy and free: just go to the site, create an account with your email address and set a password. If you’re constantly on the lookout for the best Nike deals (like us!), we recommend you seize the moment and create your Nike account now (they’ve teased lots more member-exclusive savings as well as new product launches exclusives to come).

Use promo code 50YEARS at checkout.

Nike’s 50th Anniversary Sale includes 20% off select items, covering product categories like everyday sneakers, training t-shirts, joggers, accessories and more. Of course, we ran straight to the running section, where deals on running shoes, running apparel, and running gear are no less plentiful. We were excited to see that even some of our top-rated Nike running shoes are on sale, like the Air Zoom Pegasus 38 and Air Zoom Alphafly NEXT% Flyknit. As well as anniversary sale prices, you can also find huge site-wide discounts on some of the brand’s hottest no-code products right now – and we’ve included some of the biggest steals here. -below.

Ahead, shop our favorite men’s and women’s running shoes and apparel finds from the Nike sale. Or, to see the whole sale for yourself, shop here. Keep on going, just do it!

For more of our favorites from this iconic brand, check out our picks for the 10 best Nike running shoes.

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Coupon App Provider Ranking Sees Competitors

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Their job is to conduct a tough negotiation, so it is not surprising that there is good competitiveness and a change of position among competitors in the latest edition of PYMNTS’s coupon app provider rankings.

Highlights from this month include a new leader at the top of the standings, two movers who have added five points to their scores since last time out, and several other contenders who have changed positions – gaining or losing a spot.

Let’s see how things look now.

The Top 5

The new leader this month is Honey Smart Shopping Assistant. This app jumped two levels in the rankings and landed here with a score of 86. As this score is four points higher than last time, it’s also a mover and shaker.

The previous champion, however, is only one point behind, as Groupon scores 85.

Moving up one position at #3 is Flipp. This app registers with a score of 82.

Just one dot behind is GasBuddy. With a score of 81, this app has slipped down one level in the rankings since the last time and now sits at #4.

Last month’s runner-up fell three places, as Ibotta now sits fifth in the standings with a score of 79.

Top 10

GoodRX, which is now ranked sixth with a score of 74, has gone down a level since last time.

Receipt Hog also landed a position lower since last month. This app is now in 7th place with a score of 63.

Continuing the recent trend, Rakuten fell one position to eighth place, this time with a score of 60.

Shopkick is in 9th place, like last time. With a score five points higher than its previous one – now at 54 – this app is one of this month’s top movers and shakers.

There’s another household name in tenth place, as Slickdeals retains the same position it had last time. With a score of 48, five points higher than last time, this app shares the title of “top mover and shaker”. It also closes this month’s edition of the Coupon App Provider Ranking.

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORED CARDS – APRIL 2022

On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.

Moving video of Rick Jeanneret visiting Jefferson Ave. Memorial

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Over the past few days, community members in Buffalo and Western New York have made donations and visited the Tops’ site on Jefferson Ave. on the east side of Buffalo.

The community is still in mourning after a gunman claimed the lives of 10 people and three others were injured in a racially charged attack last Saturday.

President Joe Biden and First Lady Jill Biden visited Buffalo on Tuesday. They met the families of the victims, as well as the first responders.

The entire Buffalo Bills team and staff were on site Wednesday, along with Bills and Sabers players, as they served food to the community and volunteered their time.

On Thursday, more notable figures sprung up on Jefferson Avenue and at the Resource Council on East Ferry.

NFL Commissioner Roger Goodell, Bills and Sabers owners Terry and Kim Pegula, and Bills and Sabers alumni toured the venue Thursday. The whole time has been a volunteer and that now includes retired game-by-game man Rick Jeanneret.

Jeanneret, Rob Ray and Patrick Kaleta were shown laying flowers at the memorial on Jefferson Ave. The Sabers tweeted the video on Thursday.

Seeing Rick’s face puts everything into perspective. To be there with the community, at the site of tragedy, is incredibly powerful.

If you want to find ways to help community members, visit the Community Resource Document who has ways to help, what to donate, where to donate and volunteer, and desired resources.

Buffalo Sabers captains since 2000

Buffalo Sabers Goalie Masks

WATCH: 50 images of winning moments in sports history

Sometimes pictures are the best way to honor the characters we’ve lost. When tragedy quickly reminds us that sport is far from the most important thing in life, we can always recall the moment of victory of an athlete who seemed larger than life, remaining grateful for his sacrifice on the ground and bringing joy to millions of people.

Read on to explore the full collection of 50 images compiled by Stacker featuring various iconic moments of victory in sports history. Covering the achievements of a multitude of sports, these images depict stunning personal achievements, team championships and athletic perseverance.

“Jayson Tatum, these sneakers make KD14 look pretty!” : NBA fans react to custom Jordan Brand sneaker inspired by Ford Mustang Player Exclusive for Celtics star

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Jayson Tatum may be Jordan Brand’s signature athlete – that doesn’t mean he has good shoes

Since the Air Jordan 17, Jordan Brand has not made good sneakers for the public. They made a slight resurgence when they made the 34, but that was it. It’s been 19 years and no one, not even JB athletes, has good shoes. Jayson Tatum seems to be the face of the brand, but even he hasn’t had success so far.

MJ got his Ferrari 355-inspired Model 14, and JT seems to have a Mustang-inspired one. Only it looks like absolute trash. How can such a bad representation be made from such a beautiful inspiration of a car? Nike and JB dropped the ball on this design, doing Tatum wrong.

The Mustang is such a beautiful car – a classic American muscle. Nothing about this shoe, in particular, says Mustang, American muscle, or even good design. They look like cheap plastic versions of the Ferrari 14s you might buy in Thailand.

It’s not all “Back to the Future,” where people wear lace-up shoes and ride pink hoverboards. Oh wait, that happened 7 years ago.

Read also : “Jayson Tatum, what does this mean to you?” : Celtics star took on Kobe Bryant‘s challenge as he exploded in Game 6 to force a Game 7 against the Bucks

Jayson Tatum hopes to play in his first NBA Finals – let’s hope Jordan Brand gets him some nicer shoes then

At 24, Jayson Tatum may be ready to make his first Finals appearance. He’s been in the league for 5 years now and is ready to step up to the big leagues. After beating the defending champions, he can perhaps lead the Celtics to glory.

But not with shoes that look like this. How would he look as he plays after every game while wearing something direct from Walmart?

I can’t think of a reason these shoes even exist. Even though they were prototypes, why did Tatum approve them? Just because there’s Deuce on them, he had to say yes.

Zion Williamson had his collaboration with Naruto, it was a flop. They should learn at some point that sneaker design doesn’t have to be futuristic, it just has to be good. To learn The Hatfield Handyman and how he picked up Michael Jordan to stay with Nike. How not to learn from this fiasco and ask Tinker for some pointers?

Also read: “Kobe Bryant spoke s*&# in my language! “: When the Black Mamba heckled Luka Doncic in the middle of a match

Loans Vs. Line of Credit: Which is Right for You?

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When you need or want to buy something that exceeds your available funds, it is common to borrow money from elsewhere. If you cannot get it from your friends and family, the next practical solution is to request the funds from a bank or lender. However, most consumers are unaware that there are several borrowing options, including a loan or a line of credit. Ultimately, the differences between these financial products help you determine which is best for your situation.

What is a loan?

A loan is a specific dollar amount provided by one person, business, or financial institution to another person or business in exchange for a promise by the borrower to pay interest and the balance of the loan in full on the agreed date. This is a fixed amount of money earned for one-time use. There are many types of loans, including mortgages, personal loans, auto loans, home loans, student loans, payday loans, and installment loans. A little research on the Internet can help you discover what is the difference between a payday loan and an installment loan or the difference between a mortgage and a home equity construction loan.

What is a line of credit?

A credit line is a form of lending in that it is financing from one person or entity to another. However, lines of credit are a fixed sum of money that can be used as often as the borrower needs (or until the account is depleted).

What is the difference?

While the definitions of loans versus lines of credit give you an overview of their differences, let’s dig a little deeper into how these financial products vary.

  • Frequency of use – The most significant difference between a loan is their frequency of use. A loan is non-revolving, meaning you can only use the borrowed amount once. You must then repay the loan in full and apply for another one if necessary. A line of credit is revolving, which means you can use the amount borrowed, pay off the balance, and use it as many times as you want.
  • Need of the borrower – Although personal loans can be used for any purpose, other loans are for a particular need. For example, a mortgage is used to buy a house, an auto loan buys cars, and student loans finance tuition. On the other hand, you can use a line of credit to finance anything.
  • Increased interest – As soon as you receive a loan, interest begins to accrue. However, a line of credit does not earn interest until you start spending from the account.
  • Refund – When you accept a loan, you must start paying the balance plus interest immediately until you meet your obligation. With a line of credit, no payment is required until you have spent the money. Plus, you only pay for what you use with a line of credit instead of owing the entire balance.

Which should you choose?

How do you know if you need a loan or a line of credit? Here are two factors to consider:

  • Financial needs – The first thing to consider is why you need the money. If you are trying to buy a house, a car, or pay for college, a loan may be the best option, as you can apply for specific loans that will pay you larger lump sums to acquire those important investments in life. However, if you live paycheck to paycheck and want a financial cushion, often need extra cash for purchases or day-to-day expenses (i.e. ideal.
  • Affordability – While having debt can be a good thing, too much debt can cause problems. Therefore, you want to select the most affordable borrowing option. For example, a bank may offer lines of credit at 12% APR or 1% monthly interest. However, a personal loan can range from 10% to 36%. You don’t have to worry about paying off a line of credit if the balance is zero; however, once you have taken out the loan, you must pay the required interest rate and the balance in full. If you’re trying to save money and avoid getting too deep in debt, a line of credit might be a better option.

When you find yourself in a traffic jam or simply make a major purchase in life, applying for a loan or line of credit is often the fastest way to reach your goals. I hope the information provided above has given you a better understanding of their differences, benefits, and common uses so that you can decide which is best for you.

Spike Lee directs and stars as Mars Blackmon in Nike 50 short film – VIBE.com

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Spike Lee may be first known as a director, but for sneakerheads, he’s also famous for his portrayal of She must have it character Mars Blackmon, who played a central role in iconic Nike advertisements during the latter half of the 80s. Lee and Blackmon are back in cahoots with Nike for the brand’s Nike 50 campaign, with the proud Brooklynite directing and appearing in a new short film celebrating Nike’s greatest and most iconic athletes, past and present. Following the unveiling of a one-minute teaser on Sunday May 15, the full clip, titled Seen everything, was released on Tuesday, May 17 and features Spike Lee as Blackmon opposite She must have it actor Indigo Hubbard-Salk.

Discussing famous sports personalities who have left their mark on sports culture over the past 50 years, the ad includes nods to Michael Jordan, Kobe Bryant, Mia Hamm, Alex Morgan, Megan Rapinoe, Steve Prefontaine and others.

Check out the full list of athletes who appear in the Nike 50 below. seen it all short film.

Andre Agassi, Giannis Antetokounmpo, Charles Barkley, Sue Bird, Sky Brown, Kobe Bryant, Joe Burrow, Luka Dončić, Kevin Durant, George Gervin, Kirk Gibson, Ken Griffey Jr., Mia Hamm, Sabrina Ionescu, Bo Jackson, LeBron James, Michael Jordan, Colin Kaepernick, Sam Kerr, Chloe Kim, Rayssa Leal, Blake Leeper, Kylian Mbappé, Ja Morant, Alex Morgan, Athing Mu, Rafael Nadal, Ronaldo Názario, Naomi Osaka, Steve Prefontaine, Megan Rapinoe, Ronaldinho, Cristiano Ronaldo, Joan Benoit Samuelson, Sheryl Swoopes, Diana Taurasi, Reilyn Turner, Serena Williams, Tiger Woods, Liu Xiang, Chen Ye.

Drake Nocta x Nike Hot Step Collab ‘Purple’ Images and Release Info – Footwear News

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If you purchase an independently reviewed product or service through a link on our website, Footwear News may receive an affiliate commission.

Drake’s iconic Nocta x Nike Hot Step sneaker collaboration gets a makeover.

Sneaker leak’s social media account @Yankeekicks shared images of the Nocta x Nike Hot Step in a new purple colorway on Instagram yesterday which is expected to hit shelves before the end of the year.

The Nocta x Nike Hot Step’s new makeup features an all-Purple color scheme primarily on the premium leather upper, including various Swoosh branding and laces. Sticking with the purple look is the hue dressing the chunky midsole, which takes inspiration from the classic Nike Air Terra Humara sneaker. Rounding out the design, G-TEK traction technology on the outsole provides a comfortable ride and support.

The Nocta x Nike Hot Step was designed by both Drake and the Swoosh for their Nocta sub-label and the sneaker made its retail debut in February in “Triple White” and “Triple Black” makeups.

“NOCTA’s first signature shoe blends the spirit of the brand perfectly. The design effortlessly combines retro Nike familiarity, unrivaled comfort, functionality and a minimalist yet subtly aggressive design,” Nike wrote for the silhouette’s product description.

According to @Yankeekicks on Instagram, the purple-based makeup from the Nocta x Nike Hot Step collaboration will be released this year but the shoe’s release date has yet to be announced by the brand.

In related Nike news, Jacquemus and Nike are launching a new collaboration in June, which is a women-focused collection that is part of Nike’s future vision of “50 for Her” to celebrate the Swoosh’s 50th anniversary.

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Former New York baseball hero suspended in case related to MLB death

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How far he fell.

Once nicknamed after Gotham City comic book hero The Dark Knight, Matt Harvey is now facing a suspension from baseball for his admission to opioid drug use, including a connection to another former pitcher in the MLB who sadly passed away from a drug overdose.

Harvey, currently a member of the Baltimore Orioles minor league system, was suspended 60 games by MLB for using and distributing the prescription drug Oxycodone. Harvey’s admission came during the trail of Eric Kay, who was convicted of distributing the drug fentanyl, which, as ESPN reportswas ultimately linked to the overdose death of Tyler Skaggs, a Los Angeles pitcher who was shockingly and tragically found dead in the team’s hotel room in July 2019.

Seattle Mariners vs Los Angeles Angels of Anaheim

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The former Met superhero told federal court he used cocaine and also admitted to giving and receiving the ‘oxy’ drug from Skaggs, who he teamed with with the Angeles during the 2019 season .

Harvey, now 33, pitched in the big leagues last year with Baltimore, posting a 6-14 record with a 6.27 ERA.

‘Harv’ kicked off six seasons with the Mets, including his career-best campaign in 2015 which saw him post a 13-8 record with a lean 2.71 ERA. He was an integral part of the Mets National League and World Series pennant in 2015.

World Series – Kansas City Royals vs. New York Mets – Game 5

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Since that season, he had a combined record of 25-53 for five different MLB teams, including the Mets, in addition to having his name tarnished by shared drug use with Skaggs, which would eventually cost his life. life to the young pitcher.

Washington Nationals vs. New York Mets

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WATCH: 50 images of winning moments in sports history

Sometimes pictures are the best way to honor the characters we’ve lost. When tragedy quickly reminds us that sport is far from the most important thing in life, we can always recall the moment of victory of an athlete who seemed larger than life, remaining grateful for his sacrifice on the ground and bringing joy to millions of people.

Read on to explore the full collection of 50 images compiled by Stacker featuring various iconic moments of victory in sports history. Covering the achievements of a multitude of sports, these images depict stunning personal achievements, team championships and athletic perseverance.

15 Pro Sports MVPs Born in New York State

Did you know that New York State is home to the second most professional sports MVP awards in the United States? Here are some of the best known…

15 sports personalities from the Utica-Rome region

Many big names in the sports world come from the Mohawk Valley and the Utica-Rome region.

Visit These 10 Sports Hall of Fame in New York State Today

Only the best of the best in each sport are named to the Hall of Fame, and these New York Sports Halls of Fame are open to Empire State sports fans today.

Class of 2023 7-footer Aaron Bradshaw includes UCLA men’s basketball in top 7

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After initially targeting one of the best big players in the country last summer, the 7-footer has taken the Bruins to the next stage of recruiting.

Class of 2023 center Aaron Bradshaw announced his top seven semifinalists on Monday, and UCLA men’s basketball was selected. Maryland, Louisville, Kentucky, Oklahoma State, Michigan, and the NBA G League are the other major competitors for the Camden (NJ) product.

Bradshaw has also received offers from DePaul, LSU, Kansas State, Miami, Nebraska, Penn State, Rutgers, Seton Hall, St. John’s, TCU and Texas A&M. That makes the Bruins not only the only West Coast program to make Bradshaw’s top seven, but also the only one to send him an offer to start.

Bradshaw burst onto the scene with New Jersey Scholars Elite on the Nike EYBL Tour last spring, picking up four offers just during the third period live in June 2021. Coaching staff Mick Cronin sent one of those offers after watching him at Rider Team Camp, which has many of the Mid-Atlantic’s top prospects.

Since then, Bradshaw has continued to climb the recruiting ladder and he ended up making official visits to LSU and Oklahoma State in November, while also stopping by local options Seton Hall and Temple.

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In 30 appearances for Camden last season, Bradshaw averaged 8.9 points, 7.4 rebounds, 3.3 blocks and 0.7 steals per game. Bradshaw, who is 7 feet tall and weighs 210 pounds, posted five double-doubles as a junior and cleared over five blocks nine times.

Adjusting to NJ Scholars Elite again this spring, however, Bradshaw has proven to be more than a shot blocker. Bradshaw won the Nike EYBL Orlando Defensive MVP title in April averaging 14.0 points, 7.5 rebounds and 4.2 blocks per game, but showed his ability to hit perimeter shots at Southern Jam Fest and other major screening events.

Bradshaw is a five-star rookie, according to ESPN and the 247Sports Composite, while Rivals and On3 have him four stars. In the 247Sports Composite, Bradshaw is the No. 4 player in New Jersey, the No. 2 center in the nation and the No. 24 rookie overall in his class.

UCLA has five-star center Adem Bona joining the program as part of its 2022 recruiting class this fall, but Cronin currently has no 2023 commitments. There are several four- and five-star prospects who are strongly considering the Bruins or have them as finalists – namely point guard Isaiah Collier, shooter Ja’Kobe Walter, small forward Ron Holland, small forward Andrej Stojakovic, power forward KJ Evans and power forward Milan Momcilovic – but none of them are really great.

Bona could stick around for the 2023-24 season if he fails to do so, and Mac Etienne will be two years out of ACL surgery at this point. There will certainly be room in the rotation for someone with Bradshaw’s defensive prowess and drive, so he can manage to find himself a central role should he come to Westwood in the near future.

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Understand and evaluate earned wage access solutions

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Access to earned wages – also known as earned payday advance or pay-as-you-go – has grown steadily. As of 2020, nearly 55.8 million people were using some EWA solution, as there are both employer-provided and direct-to-consumer options. As EWA solutions grow in popularity, there has been a steady stream of questions as some employers remain skeptical of the usefulness and benefits of EWA products. While there are certainly issues that need further investigation, it looks like EWA solutions are here to stay.

What is Earned Wage Access?
Short-term liquidity (or ability to have enough cash on hand) has long been a hallmark of financial health. Unexpected financial shocks are almost as certain as death and taxes, and sufficient cash can help weather the inevitable. Yet for millions of workers, accessing sufficient cash is difficult and sometimes costly. Payday loans, with interest rates as high as 600% in some states, have long plagued workers’ ability to sustainably meet short-term cash flow needs.

Read more: The two-week pay period no longer works for employees

Following the financial crisis of 2008, we saw a wave of new innovations enter the market, including EWA. These platforms allow employees to collect part or all of their salary before the next scheduled payday. Initially, they were intended, in part, to provide a meaningful alternative to high-cost credit products, such as payday loans or overdraft fees. Since their inception, many EWA platforms have expanded their set of solutions to include short-term savings, financial education, and many other benefits relevant to financial health.

For these and other reasons, we’ve seen a steady increase in employer interest in adding EWA solutions to their financial health benefits. Many employers (60%) agree that EWA can be an effective way to attract and retain workers, and generate goodwill among the workforce. Likewise, 56% of employees who had a free or low-cost service to access their accrued wages reported that they had used the benefit.

How does Access to Earned Salary work?
Overall, EWA products have four basic characteristics. While there are certainly variations between vendors, these four features make up the core mechanisms of EWA:

  • Funding for EWA access: Salary access is typically funded through the EWA provider – usually through capital on its balance sheet or the use of a credit facility. With payroll integration (if they are not already the payroll provider), providers secure timesheet data to verify accessible earnings.
  • Disbursement: Employees receive their earned wages in one of the following ways: direct deposit, to a separate bank account the employee has opened with the EWA provider, or to a prepaid or payroll card. Most EWA providers allow users to access 50% to 100% of wages earned at any given time. Rules and safeguards regarding frequency (for example, the number of installments per pay period) vary by provider and employer.
  • Payment to EWA supplier: For solutions where the EWA provider funds the advance, it collects the advance on the users’ very next paycheck, which means repayment typically occurs within two weeks from the date of the installment. It should also be mentioned that the terms “recovery” and “reimbursement” have certain sectoral connotations regarding credit and debt. In the context of EWA, however, these terms are not intended to equate EWA with credit products.
  • Schedule of payments to workers: For direct deposit, payments typically appear no later than the next business day. Transfers to external debit or prepaid cards can take up to 48 hours; transfers can be instant, but may incur fees of $1 to $5 depending on the provider. Conversely, transfers to bank accounts or cards provided by EWA are often free and instant.

Keep in mind that as more payroll vendors add EWA functionality, the mechanics may differ as there wouldn’t necessarily be a need for payroll integration and the funding mechanism may also operate differently. Likewise, we’ve seen private examples of large companies building their own EWA solutions in partnership with their payroll vendors. In short, innovation continues around EWA. Therefore, features and mechanics may also continue to evolve.

Read more: Access to earned wages can boost workers’ financial security – and company loyalty

Key Considerations When Evaluating Earned Wage Access Options
EWA solutions are still relatively new. As such, understanding how to evaluate an EWA vendor can be tricky. Here’s what to consider when evaluating EWA solutions:

  • Needs and feedback from employees: What evidence do you have that employees would benefit from EWA solutions? Do you see examples of workers struggling with day-to-day expenses (e.g. salary advance requests)? Grounding any solution in the real needs of workers is the best way to ensure alignment between needs and solutions.
  • Existing relationships and appropriate mechanisms: Do you already work with a supplier who has an EWA solution? What additional services does the provider offer to help improve financial health? Does the vendor offer a disbursement mechanism that works for your workforce? For example, if you have a large unbanked or underbanked workforce, does your provider offer an affordable bank account or prepaid card?
  • Cost and revenue models: There are a variety of cost and revenue models associated with EWA vendors. Some providers have a membership model (e.g., user pricing), where employees or employers can pay a certain amount each month. Other providers have a flat-rate model, with add-ons for features like instant payment. Fee per employee per month (PEPM) structures are also on the market. Finally, providers that offer bank accounts or debit cards can monetize them through interchange fees. In summary, there is a wide range of cost and revenue models, and understanding which model best suits your organization is essential.

We are only at the beginning of the EWA. Consumer Financial Protection Bureau (“CFPB”) regulators are still debating whether to treat and regulate EWA as a credit product. In November 2020, the The CFPB issued an advisory opinion stating that he did not view EWA as a credit product, provided it meets certain criteria such as not charging fees to employees. This advisory opinion has created some confusion in the market, so the CFPB is considering how to provide greater clarity on the EWA and whether it should be regulated as a credit product.

Read more: Answering questions and misconceptions about access to earned wages

There are still questions about the ultimate impact of EWA on the financial health of workers, especially those who are most vulnerable. The Financial Health Network first research on EWA products reveal that users access the products consecutively over varying periods of time and that the cost of using the product varies based on pricing models and individual usage patterns.

Employers offering EWA should ensure their staff understand the solution, and monitor and adjust the program as necessary. Most EWA vendors are evolving their solution sets to include more comprehensive financial health resources. And finally, minimizing personnel costs should be a key consideration for employers. Increasingly, we are seeing more and more employers cover the cost of EWA solutions, making them essentially free for their workforce.

Finally, no financial health solution is perfect. Employers who add any financial health benefit, including EWA, should ensure that the goal is to improve the financial health of their workers. Having an adequate framework for evaluating the impact of any financial health benefit is not only a valuable use of time, but an essential aspect of ensuring that your program actually improves financial health.

‘Michael Jordan and Mark Cuban turned $44 million into $8 billion!’: How the Bulls legend and Mavs owner joined forces and earned each other a huge payday

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Charlotte Hornets owner Michael Jordan and Dallas Mavericks owner Mark Cuban both invested in a sports data company called Sportradar in 2015. Fast forward a few years, the investment could earn the duo a whopping sum. .

Michael Jordan was the greatest to do so on the court. However, for much of his career he went unrewarded for his excellence. To put it into perspective, only 2 of his 15 years in the NBA have been the highest paid player in the league.

While he may have a problem with the Bulls seriously underpaying him, His Airness certainly can’t complain about his current net worth as he has made a fortune outside of basketball. While the majority of his money comes from his Nike contract and Jordan brand, His Airness has also made a ton of investments that have paid huge dividends.

Also Read: ‘Kobe Bryant Made $400M on $6M Investment’: How Lakers Legend’s Estate Made More Money From BodyArmor Than ‘Black Mamba’ Playing 20 Years

One such investment by Jordan dates back to 2015, in Sportradar, a sports data company, alongside Mavs owner Mark Cuban, when the duo invested the vast majority of the $44 million in funding. Fast forward a few years, both NBA team owners are eyeing a huge payday.

Michael Jordan and Mark Cuban are teaming up to invest $44 million in Sportradar.

Mark Cuban is a self-made billionaire who made the majority of his money from the sale of broadcast.com. He profited even more after selling the stock short – he acquired Yahoo! for $5.7 billion. sale inventory. He acquired a majority stake in the Dallas Mavericks in early 2000, for $285 million.

Given that Cuban is a tech-savvy entrepreneur, it only made sense for him to be part of a data company like Sportradar. However, with this investment, Jordan appears to be expanding his portfolio. Anyway, MJ joined Cuban in a $44 million funding round for Sportradar in 2015. At the time, the company had already entered into partnerships with the NFL and NHL, as well as various tech companies. fantasy sports.

To the delight of the duo, the investment has aged like fine wine. At one point, the company was even valued at $4 billion. However, it nearly doubled when the company went public in 2021. Following its IPO, Sportsradar is now worth $8 billion!

With two of the wealthiest personalities in sports backing the organization, Sportsradar has great untapped potential as sports betting grows bigger by the day. While exact numbers haven’t been released on how much MJ and Cuban are getting from the investment, it’s safe to say that they earned a huge payday.

Also read: ‘LeBron James inspired me to invest $1m in my body to make $80-90m’: When Klay Thompson shared how the Lakers star influenced him to take care of his body

Nike GTS 97 White Red Green DX2944-100

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Over the past few years, the distance between luxury and streetwear has narrowed more and more. Thanks to the efforts of the late Virgil Abloh as well as Kim Jones, we were blessed to see Louis Vuitton and Dior team up with Nike and Jordan Brand, respectively. adidas has also joined the party, preparing collaborations with Prada, Balenciaga and Gucci.

And while the Swoosh have their hands full with the upcoming Louis Vuitton x Nike Air Force 1, they can’t help but emulate the work of Guccio Gucci and his sons. With this GTS 97, the shoe brand borrows the signature colors of the house, dressing the embroidered logos and piping of the shoe in green and red. Additional hits from the former appear on the lining and heel tab, while “Nike” branding completes the homage with a touch of gold.

For a closer look at this GTS 97, see the official images below. Sizing is expected to arrive at select retailers and Nike.com in the coming months.

In other news, Travis Scott Nike shoes are reportedly releasing this month.

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

Nike GTS 97
Release date: 2022
Color: N/A

Men: N/A
Style code: DX2944-100

The NBA Culture War – The American Conservative

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Tyrese Maxey #0 of the Philadelphia 76ers speaks with Tyler Herro #14 of the Miami Heat. (Photo by Michael Reaves/Getty Images)

The NBA is generally derided as the “most wok” of the major sports leagues, but you wouldn’t know that from the on-court product.

The games are presented as mano-a-mano contests between star players. Macho posturing after a clutch dunk or three-pointer is commonplace. The Schoolyard Taunts – “He Can’t Guard Me!” It’s too small ! – are regularly broadcast in the living rooms and sports bars of millions of viewers. This year, playoff crowds were treated to the thunderous chants of “Whoop That Trick,” the Memphis Grizzlies’ semi-official rallying cry. the last dancearguably the most successful entertainment product of the lockdown era, portrayed the league’s greatest player as a borderline sociopath who alienated teammates and opponents with his win-at-all-costs mentality (compare that to the harmless studied of Tom Brady, the aging face of the NFL).

Yet there is a contradiction at the heart of the NBA’s business strategy. A league that is now run by the same left-wing technocrats who run our universities, federal agencies, and corporations is stuck marketing a product that appeals to fans’ most basic competitive and tribal instincts. From its entanglement with China to the changing style of basketball play, the NBA has struggled to manage this tension.

Over the past decade, the NBA has attempted to balance domestic popularity, international expansion, and its burgeoning reputation as the most progressive and forward-thinking of major sports leagues. Several incidents have upset this delicate juggling act. The beginning of this era dates back to 2012, when Los Angeles Clippers owner Donald Sterling was kicked out of the league for making inflammatory racist comments on a leaked audio tape.

The Sterling case, currently in development as a prestige TV drama, was the first major challenge in new commissioner Adam Silver’s career. Silver was widely hailed for getting rid of Sterling, a reviled figure whose crude racism and shady business dealings made him an easy target for ostracism. But the controversy was a taste of an era of political upheaval, erratic ratings and league-wide controversies that would prove more difficult to manage than an obnoxious owner.

In 2019, Houston Rockets general manager Darryl Morey caused an uproar in China for tweeting his support for Hong Kong protesters. Morey has since joined the Philadelphia 76ers, and it was reported that his job at Houston was in serious jeopardy for endangering the Rockets’ lucrative presence in the Chinese market. Meanwhile, the NBA’s lukewarm defense of free speech and criticism of NBA superstar LeBron James’ Morey’s tweet, among other things, has prompted a massive national backlash.

Since then, the league’s embrace of Black Lives Matter activism and leftist slogans has coincided with a noticeable drop in ratings, a connection few want to publicly admit. The league has also been dogged by the Covid controversy. Eccentric Brooklyn Nets star Kyrie Irving’s public refusal to get stung cost him a home game season due to New York’s vaccination mandate.

The question of China, meanwhile, persists like a festering sore. A recent ESPN profile of Taiwanese-born Nets owner Joseph Tsai has contrasted his BLM donations in the United States with his blatant silence on human rights abuses in China.

These political disputes exposed the awkward marriage between NBA leadership and a fanbase that still yearns for tribalism, old-fashioned competition, and doesn’t relish being lectured by the likes of Tsai. Historically, the NBA has thrived on franchise rivalries and star-centric dynasties. The league is still churning out stars at a reliable rate (the skill and athleticism of the average NBA player has never been more impressive), but the connection between cities and players is increasingly tenuous. Meanwhile, the advent of sports analysis changed the style of league playcreating a cohesive brand of basketball that emphasizes efficiency over showmanship.

The star who epitomizes this new breed of NBA mercenaries is James Harden, who changed teams twice in 13 months after ostensibly signaling his displeasure on the court. Harden favors three-point backs and zero fouls, a joyless approach to the game that is off-putting to casual fans. By conventional measures, Harden’s career was an unqualified success. We just don’t know who wants to see him play basketball.

Harden’s hyper-efficient style reflects the changing face of NBA management. A league that was once run by local business moguls has become an investment vehicle for tech titans and venture capitalists. These savvy newcomers have brought their data-driven management style to coaching teams and front offices, seeking to exploit game inefficiencies and rule loopholes to gain competitive advantage. The NBA’s adoption of the three-pointer is the most obvious consequence of this change in management, as is a commercial market that has replaced franchise continuity with staff turnover and incessant transactions. Harden, who combines an analytics-friendly style of play with a willingness to jump ship, is the perfect avatar for a new generation of NBA number crunchers and general managers.

Even the commissioner seems to embody this new philosophy. Former NBA chief David Stern ruled the league like a feudal baron, relishing his role as a heavy-handed disciplinarian while happily absorbing draft-day abuse from fans. His successor is a bespectacled University of Chicago-trained lawyer who utters platitudes about mental health awareness and China-US relations.

If this combination of mercenary capitalism and social liberalism sounds familiar, it’s because the NBA’s leadership increasingly reflects the sensitivities (and tensions within) of other flagship American institutions. Nike, a company that has long thrived on partnerships with macho NBA icons like Kobe Bryant and Michael Jordan, is now lecturing the public about inclusion, tolerance and the urgency of watching women’s sports. Ethan Strauss, longtime NBA journalist, credits this tone-deaf approach to a disconnect between Nike’s creatives and its target audience:

There’s a lot of interaction between Nike and Wieden+Kennedy when the former asks the latter for some kind of announcement, but the direct line from both sides is many cooks in the kitchen. Based on conversations with people who have worked in both environments, there is a shortage of personnel deeply connected to the sport. Instead of being rooted in a subculture, you get ideas from people who went to nice universities and cool advertising schools, the kind of people who throw words like ‘patriarchy’ on the screen to celebrate a gold medal. Older leaders, uncomfortable in their position and therefore obsessed with forward-thinking, lean on younger types because young people are confident. Unfortunately, that trust is rooted in an ability to regurgitate liturgy, rather than generative genius.

These same tensions are found in other large American companies, from Disney, where a business executive with transgender and pansexual children oversees the development of family entertainment, New York Times, who faced a revolt at work for publishing an op-ed by a Republican senator.

But do people want to support an NBA team run like a hedge fund or a liberal newspaper? The evidence is mixed. The era of star mercenaries, three-point playoffs and tilted political activism has produced YouTube highlights, massive deals and skyrocketing franchise valuations. It was also a ratingsscrew up.

And ancient tribal loyalties prove surprisingly enduring. Social media was meant to usher in a new era of fandom that prioritized individual personality and skill over team loyalty. “Rooting for the laundry,” the media’s derisive term for cheering on the home team, was a relic of the past. Still, the New Money Nets and Los Angeles Clippers, owned by Tsai and former Microsoft chief Steve Ballmer, failed to supplant the Knicks and Lakers, their venerable Crosstown rivals. Laundry, it seems, has power.

Despite its history of star rivalries and oversized personalities, the NBA is also trying to soften its badass image. Silver’s latest move is to get NBA reporters out of the post-game locker room, cutting reporters off from their best source of gossip, grudges and outrageous quotes. Strauss, himself a veteran of NBA reporting, think it’s an attempt to protect the fans of the most retrograde and entertaining stories in the league.

To quote former NBA All-Star Charles Barkley, “The locker room is racist, homophobic and sexist. And I miss it. Barkley, it’s no accident, has become a TV icon for his candid commentary and willingness to mix it up with current and former players.

A generation ago, Stern and his underlings feared their product would be too street, too confrontational and perhaps too black for a predominantly white audience. Now fans are nostalgic for ruthless rivalries like the “Bad Boy” Detroit Pistons vs. Jordan’s Chicago Bulls and the outrageously physical Knicks of the 1990s. The new HBO series winning time celebrates the behind-the-scenes antics of Magic Johnson’s Lakers and their budding feud with the Boston Celtics. NBA fans still yearn for macho confrontation, franchise loyalty, and ruling dynasties. The management of the league, however, seems increasingly reluctant to meet this request.

The NBA is not in danger of disappearing. The athleticism of the players is astonishing, the playoffs are compelling, and a new generation of stars, from Nikola Jokić in Denver to Giannis Antetokounmpo in Milwaukee to Ja Morant in Memphis, are revitalizing the league’s brand outside of traditional powerhouses. big cities. Like many American companies, however, the NBA seems vaguely self-conscious about the product it sells (and, by extension, the sensitivities of its target audience). How owners and front offices handle this tension will determine the future of the sport.

Will Collins is a teacher in Budapest, Hungary.

The 10 best NBA players of all time

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The NBA season has changed significantly since its inception in 1964. Each decade has had its unique style of play that has dominated. Since the early days, the NBA has grown from men playing with a ball to one of the most watched sports in the world. It supports many brands, from online sports betting to shoes and clothes.

Bryant, Kobe

Kobe “The Black Mamba” Bryant was an all-time excellent scorer with an instinct that made his opponents fear him. He got his nickname from being as deadly as a poisonous black mamba on the ground. Bryant remains known as one of the coolest shooters of all time, having made 17 game-winning field goals in his career and seven more game-tying shots that resulted in OT triumphs.

Hakeem “The Dream” Olajuwon

Hakeem “The Dream” Olajuwon is widely regarded as one of the best defensive players in NBA history. He was a tremendous rebounder unrivaled in defense. Olajuwon led the league twice in rebounds and led the league three times in blocked shots. He still tops the NBA’s all-time rankings for shots blocked by over 500, with 3,830. As a result of this extraordinary performance, he was twice named Defensive Player of the Year.

picture by Ramiro Pianorosa on Unsplash

Russell, Bill

Bill Russell now holds the record for most NBA titles with 11. He has only missed a title mark in two of his 13 NBA seasons. Russell has won at other levels, including the NCAA title. While the NBA didn’t start tracking blocks until the 1970s, Russell is considered by most to be one of the best shot blockers of all time. According to multiple news sources, Russell has blocked up to 17 shots in a single game, often recording triple-doubles in points, rebounds and blocks!

Duncan, Tim

“The Big Fundamental”, Tim Duncan is the most dominant power forward in NBA history. The San Antonio Spurs drafted him in 1997 and he spent his entire 19-year career with the Spurs. Duncan was never a flashy player, but he was very effective on offense and defense. Duncan spearheaded a dynasty which lasted about two decades under coach Gregg Popovich. He beat outstanding players like LeBron James twice, Ben Wallace, Jason Kidd and others to win five championships.

Johnson, Earvin Jr.

Earvin “Magic” Johnson Jr. was a cornerstone of the NBA in the 1980s. The Los Angeles Lakers selected him in the 1979 draft. Magic was awarded Rookie of the Year as well as the NBA Championship the same year he was chosen. That year, he was also named Finals MVP. His duty as a point guard was to lead the attack, and he did that admirably, leading the league in assists four times during his career.

Bird, Larry

The Boston Celtics selected Bird in the 1978 NBA Draft. Throughout the Celtics’ 13-year career, he started out as a small forward and power forward. Bird was exceptional in all parts of the game, especially shooting the ball, but he was also good defensively and in his passing game. Bird was the first player in NBA history to score 50% on field goals, 40% on three-point attempts, and 90% on free throws in a single season. He did it twice during his career. He also won three consecutive three-point shooting competitions. He even practiced three-pointers with his eyes closed.

O’Neal, Shaquille

Shaquille “Shaq” O’Neal is the most dominant NBA player in history. He was a center for the Orlando Magic, Los Angeles Lakers, Miami Heat, Phoenix Suns, Cleveland Cavaliers and Boston Celtics. He was 7’1″ tall and weighed around 325 lbs. Despite his colossal stature and power, Shaq was more than an unstoppable force. He was a very athletic player who could find his way in and out of the lanes to score and collect rebounds. He memorably went one-on-one with Michael Jordan and crossed paths with him on the way to the hoop.

Abdul-Jabbar, Kareem

Since stepping onto a court for the first time, Kareem has been a dominant basketball player. Kareem won 71 consecutive games in high school. He won three consecutive NCAA titles after joining UCLA, receiving tournament MVP in all three years, a record that still stands today.

Jordan, Michael

Michael Jordan at number two is sacrilege. His “Airness” resurrected basketball when his ratings were at rock bottom. He was promoted better than anyone, elevating the Jordan brand to new heights. Basketball is linked to Jordan. When most people think of sports, they think of Jordan.

Jordan was a divine offensive player who was also an excellent defender. Jordan was a defensive pick nine times and led the league in three interceptions! He also led the playoffs twice in steals and ten times in scoring. Jordan has been an unstoppable force in the league for most of his career, despite two retirements.

James, LeBron

The greatest player of all time is LeBron James. He owns dominated the NBA since his debut at 18, fresh out of high school. When James first entered the NBA, he was considered the “chosen one,” who would succeed Jordan as the most outstanding player. LeBron has accomplished feats that no other player has accomplished before him. He took a decrepit Cleveland Cavaliers to the Finals in 2007. He won titles against not one but two of the league’s greatest dynasties, the San Antonio Spurs and the Golden State Warriors. He also delivered a championship to Cleveland, which had been without one for 52 years.

The NBA Hall of Fame is dense with phenomenal players dating back to the game’s inception, but now is the time for a new generation to earn their place on this list. Will promising players like Evan Mobley and Josh Giddy have what it takes to sit at the big table?

Common Reasons Borrowers Depend On Payday Loans

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Payday loans are a useful source of credit, but come with a negative media narrative. Fortunately, the purpose of the mayhem was the high interest rate, which was eliminated several years ago with the introduction of regulation. Payday loan borrowers enjoy legal protection and for this reason it has gained popularity over traditional short term bank loans.

LoanPig.co.uk offers good opportunities and short term loans for everyone to get a loan easily and quickly. The APR will be high, but you will pay it very soon. Even the amount of fees involved will be less than traditional bank loan processing. Moreover, if the repayment is made on time, it is an excellent option that gives you a space of 5 to 6 months to restructure your finances.

Common reasons why borrowers depend on the type of payday loan

There are several reasons why borrowers choose to choose payday loans. It’s a magic way to get cash flow to your bank account fast.

During unemployment

Source: forbes.com

Unemployment is a phase that hits a person emotionally and financially. This is a point that no one wants to experience, but which can suddenly put you in a financial situation where it becomes difficult to manage your basic needs. A personal loan is an attractive option because –

  • You have access to instant cash
  • You persist in your lifestyle before being unemployed
  • You think unemployment isn’t a big deal
  • You are breathing deeply and feeling motivated to look for another job opportunity

It is wise not to choose payday loans but to try other means. You can get jobseeker’s allowance. Also, reduce spending of your savings as much as possible. Accept any type of job until you land your dream job.

To merge other debts

Many borrowers apply for payday loans to pay off other debt. It could be credit card debt or a loan from another lender. It’s a wise move when the advertised interest on the loan is less than the debtor already owes.

Usually, the change can be bad because there are other bills, which can add up to a huge amount. Borrowers can choose the debt consolidation feature. It bundles all loans together making it easy to repay and less risky than using the payday option.

Avoid humiliation

Source: incomepassifmd.com

You can borrow small loans from friends and family, which is less risky than choosing a professional loan service. In addition, there are virtually no worries about interest payments.

Unfortunately, there are stories that borrowing from friends or family caused friction, which damaged their relationship. Therefore, many people prefer to go to a lender and pay interest. You can avoid the embarrassment and humiliation of taking out a loan from someone you know personally.

Holiday loans

At Christmas, parents look forward to giving their children objects or things they want. Payday loans seem to be the best answer. They receive the necessary funds for the holiday period, which are reimbursed with the New Year’s salary.

Parents may be tempted to borrow large sums to buy everything their children dream of, but overlook the cycle of debt. It is difficult for parents to explain to their children that the requested gifts are unaffordable, especially when Santa Claus is supposed to bring them. Be sure to consider your financial capacity before applying for a payday loan.

Support during bad credit ratings

Source: upgradedpoints.com

Payday loans have a bad reputation, so many people borrow from banks or other lending institutions. Here, if your credit score is not good, your loan applications are denied. Alternatively, payday loan services approve loans for bad credit. Approval is based on other criteria like affordability. However, rather than applying for a payday loan, it is better to work on improving your credit score by paying bills and debts on time consistently for more than 6 months. A high credit score will give you access to easy loans in the future.

Pay the bills

Payday loans are an attractive option to pay the high utility bill. Nevertheless, it is wise to look for ways to reduce your utility costs. Find ways to control energy use, such as better home insulation instead of wasting money on gas. Thick curtains can keep the heat inside and are not an expensive switch. Never leave the shower running for hours, have time limits to reduce wasted hot water.

For urgent medical treatment

Source: vitalrecord.tamhsc.edu

Medical bills must be paid or they will accumulate like any other type of debt. Urgent medical treatment or surgery is one of the main reasons people depend on short term loans. However, to circumvent personal loans, it is best to have adequate health insurance coverage, as a medical crisis can be expensive.

To pay mortgage payments

People debate that missing a mortgage payment is worse than getting a payday loan. This is because the mortgage provider begins to assume that you cannot afford the house. If you persist on late payments, they take action against you. You should discuss an appropriate repayment plan with the mortgage lender or downsize your home instead of applying for a payday loan.

Pay an overdraft

The unregulated overdraft is scary. You get penalized, and with payday loans, people avoid that. Steps should also be taken to ensure that you are not overdrawn.

Pay an unexpected debt

Source: experian.com

Everyone wants to stay miles away from debt, but it can happen unexpectedly. For example, your father died and you inherited his debt. You will need to erase it as soon as possible. You will use the payday loan to escape from this situation.

Things to know

As another type of loan is hard to come by, payday loans have become popular for raising capital quickly rather than waiting and missing out on opportunities or in times of emergency. People who are in desperate need of money and don’t have time to go through the traditional loan approval process, which takes time, gets rejected and repeats it with another lending institution, find an option fast payday loan to pursue.

Bank loans are open to investigation, while a direct payday lender does not prioritize where the borrower will use their money. Disclosure to the payday lender about your loan is for statistical purposes only. You can use the amount to treat yourself or go on an excursion or pay a deferred installment, the determining aspect of the approval will be your ability to repay the borrowed amount.




50 years later, Nike continues to ‘raise the bar’ on purpose – WWD

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Nike has had the lead in the ESG game for a while, but that doesn’t mean change isn’t constant.

Nike’s Purpose strategy – comprising people, planet and game – has been entrenched since Nike was founded 50 years ago, despite just over 20 years of formal ESG reporting. Yet the giant is navigating the new holistic landscape of sustainability with more agility and speed than ever before – and everyone is on board.

With around 75,000 employees, Nike said its employees are actively engaged in the footwear giant’s sustainable goals.

“There is so much desire within Nike’s employee base to be involved in all of our areas,” said Noel Kinder, Nike Inc.’s chief sustainability officer, in an interview with WWD alongside other executives. by Nike Purpose. “When we were still on campus, people would come up to me every week saying, ‘Hey, I don’t work in sustainability, but how can I help?’ I think ‘impact’ is a very important word.

Today, Kinder said, Nike embodies an “operationalization of sustainability” rather than a top-down approach with few leaders in the driver’s seat.

Jorge Casimiro, director of public policy and social impact at Nike Inc., echoed his reasoning. “It’s the people who make it all possible. It has always been the case… There have always been externalities and there will always be externalities. I think for us it’s how are we committed responsible leaders who are part of the solutions? We can’t solve everything alone, we have to work together.

The human component also materializes in the discourse of investors. Last year, Nike tied its goal targets to executive compensation, including a goal to invest $125 million in organizations supporting racial equity by 2025 ($36.6 million at during the 2021 financial year). In 2021 alone, Nike committed $36.6 million to community organizations.

Nike employees at company headquarters.
Courtesy of Nike

Environmentally, Nike was the first in the footwear industry to publish a list of its contract factories and was a founding member of the Sustainable Apparel Coalition. Given its large footprint, the company is already diverting 100% of manufacturing waste from Tier 1 shoe suppliers from landfill and forging new paths to circularity like its upcoming “Link” (debuting June 2022) and the sneaker “Link Axis” (the latter more for show and won’t arrive until 2023). The new sneakers are glueless and designed for disassembly.

“Circularity is a really big unlock,” Kinder said. “The nirvana would be if you buy a pair of shoes and use them to the point that they are worn out, take them back and break them down so that their basic components are put back together in another shoe. We’re not there yet, but many elements of this concept of circularity exist, like Space Hippie, where we’re starting to use waste as a raw material. You see that in these crazy Axis shoes that can be broken down into stock parts. I really feel like this is the future of sustainability innovation.

With the anticipation of the Nike Link sneaker, any Nike store with Recycling & Donation service will be able to take back the shoes.

Nike, sustainability, circular, shoes

Nike’s latest circular shoe is designed to be taken apart.
Courtesy of Nike

However, all this forward momentum is not without obstacles.

Climate is an area of ​​growing obligation, given the company’s size and influence on the footwear industry. In Nike’s latest impact report, employee and supplier engagement were two areas where slippage occurred within the company last year due to increased reach.

Highlighting supply chain nuances and pandemic challenges, Kinder said, “We have expanded the scope of what we audit in our supply chain to include our textile manufacturers, even some of our suppliers. third-party logistics… and unsurprisingly, there were challenges. when you start exposing new partners at this rating level. And we’ve seen a drop in performance, and that’s what we expected, because we take a partnership approach with everyone we work with. We work hand-in-hand to make sure they understand the nuance, understand what we hold them accountable for, and correct appropriately.

Mayo pointed to a similar nuance in internal employee engagement in the face of pandemic-induced change.

“We have gone through a lot of changes in two years. We recognized that we really didn’t wait for annual engagement surveys, we regularly challenge our employees – as many other companies do – to better understand where they stand as change happens so quickly… We want to ensure we meet our employees where they are when they return to work,” Mayo said, stressing the importance of mental health, consistent furloughs for retail workers, childcare in business and a host of other needs. (Not to mention Gen Z arriving in force to influence workplace culture).

Since last year, Nike has increased the number of racial and ethnic American minorities at the manager level and above by more than four percentage points to 30.3%, while also increasing the number of women in management positions. leadership in the world by almost four percentage points to 43%. .

“DEI equals innovation,” Mayo said. “We recognize that here at Nike. It’s part of our journey, and in the next 50 years you’re going to see it explode. It’s really exciting… From a people’s point of view, people are asking for so much more. Purpose is squarely at the center of decisions; what company to work for, where they decide, as consumers, to give their money… In the future, we will have to work for the next 50 years.

Nike, sustainability, impact

Renewable energy at a Nike facility.
Courtesy of Nike

The W in Designer: Flyest Fits of Tip-Off Weekend – WNBA.com

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The 26th season of the WNBA attracts new fans with eye-catching player styles.

We’ll kick off with four exciting clashes; the 2022 WNBA season is already full of action-packed content that has created a buzz on social media. As the players arrived at their respective matches, their outfits held clues to how they achieved victories off the field, adapted to new cities, and got to know their teammates. Player brand loyalty is also emerging, drawing attention to the critical fact that major sports brands are monitoring WNBA players.

The players featured in the second edition of “The W in Designer: Flyest Fits” prove that eye-catching outfits can spark new conversations outside of basketball. The fashion for game nights is naturally exciting. There are players who have dressed up for the occasion. Still, those highlighted in this roundup include outfits built around hoodies, player-exclusive sneakers, and sparkly basketball bags, all of which expand our perception of being “hot.”

isabelle harrison

Isabelle Harrison used her weekend outfit to tease her off-court accomplishments. Recently joining the Jordan family, her dress features the legendary jersey number 23 and a cheeky Jumpman logo on the back. Designed by Kim Shui, the dress balances sensuality with strength and alludes to Harrison’s tenacity in her game. Paired with strappy heels, aviator sunglasses and a subtle Balenciaga Ville handbag, the visionary look proves that WNBA players don’t have to compromise their style to be taken seriously.

Kia Nurse

Work with stylist Garrett DickersonKia Nurse brings a serious chic knit set to his game with the Phoenix Mercury. The ASEYE Studio Byrd Classic Knit Cardigan and Pants are comfortable enough for pre-game activities, yet professional enough for his gig as a broadcaster for the Raptors. Completed with a medium Telfar shopping bag in a cream colourway, the nurse’s outfit is perfectly balanced, eliminating the need for prominent branding or bling. Although Nurse is currently out with an injury, she still studies the game with her expert eyes.

Aisha Sheppard

Newly recruited for the Las Vegas Aces, Aisha Sheppard explores brands around town for inspiration for her game day outfits. She wears an eye-catching “RIP Kobe Bryant Tribute Tapestry” top from 88Nights by AyeKev, which features a distressed neck. Gray nylon shorts reinforce the retro-inspired theme of her look from Yesterday’s Fits, a local vintage store. While Sheppard’s Air Jordan 4 “Tech White” is a more modern take on 2021, the crew’s white socks help them blend in with the rest of his outfit.

Natasha Howard


Photo courtesy of Snipes

Three-time WNBA champion Natasha Howard has worked to establish the tough aesthetic she wears season after season. Playing for the New York Liberty, the city’s identity forces Howard to be prepared for whatever craziness comes his way. She keeps it simple, with a Fashion Nova “G” printed varsity jacket, slim orange pants and her graphic Louis Vuitton Damier clutch, always next to the player. Howard maintains its colour-coordinated approach to clothing, as seen in its Balenciaga Triple S trainers in an orange colourway.

Cherica Hamby

Dearica Hamby welcomes the WNBA season with an outfit dominated by color gradient details, wearing an ace-shaped necklace around her neck. She wears a hot pink lace Off-White Logo Band bra under a cropped blazer from Sisters and Seekers. The bottom half of his suit resembles an upgraded version of Nike’s Tech Fit sweatshirts, with its signature black zippers. Hamby holds a Tomme Studio LV Ombré basketball purse, which matches his rare Jordan 6 “Fraternity” PE. These purple sneakers feature Greek alphabet-inspired lettering that pays homage to his sport.

NaLyssa Smith

Drafted 2nd overall by the Indiana Fever, NaLyssa Smith brings a curated mix of the most popular streetwear brands to the game. She wears a Supreme Yohji Yamamoto Logo t-shirt in white complemented by a black vest. Smith’s outfit also includes a white-on-black Bapesta mesh cap from A BATHING APE and the coveted Jordan 1 Retro High OG in the “Patent Bred” colorway. Paying close attention to detail, his yellow apple watch strap matches his tote bag, phone case logo and new team color.

Nathalie Achonwa

Natalie Achonwa is perhaps one of the best in tracksuit swag, both among her Minnesota Lynx teammates and in the entire league. She’s wearing a Gray Basics sweatshirt and track pants from the Adidas X Human Race collaboration by Pharrell Williams, a fashion label that isn’t hugely popular. Its comfortable fit is luxurious with its choice of white Adidas for Prada Re-Nylon Forum sneakers. One thing about Natalie, she’s going to be draped in Adidas.

Newly hired WNBA reporter Kirsten Chen writes a lifestyle and fashion column for WNBA.com throughout the season and can be reached on Twitter via @hotgothwriter. The opinions on this page do not necessarily reflect the opinions of the WNBA or its clubs.

Earned Wage Access Solutions Simplify Financial Access for Employees

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(Source – Shutterstock)

Earned Wage Access (EWA) service providers are increasingly in demand around the world thanks to the new work lifestyles that most workers demand today. While large enterprises would likely rely on EWA’s services, it is small and medium-sized enterprises (SMEs) that would rely heavily on it.

Before the pandemic, most SMEs paid their employees monthly, whether part-time or full-time, based on the work performed. Some companies would offer payments by bank transfer while others would pay their staff in cash or by cheque. But the pandemic quickly changed most of these processes in place.

With the increasing digitization of services, the use of cash and checks became less important, and businesses quickly relied solely on banking services to pay their employees. Although these services were secure and could be automated, there remained a funding issue for those who needed access to earned wages.

In response to payday loans, EWA’s fintech products allow employees to access a portion of their salary anytime before payday. Currently, the global payday loan market is expected to reach $46.68 billion by 2030.

Thus, EWA solutions now allow companies, especially SMEs, to offer their employees access to financing in complete security, without compromising their careers or their finances.

With Access to Earned Wages, employers no longer need to go through the tedious processes of accessing wages for employees who are due to receive their net pay before their regular pay date. Salaries can be deducted from their total income and conveniently made available to them through the EWA.

One of the largest EWA services in the world is offered by Revolut. For example, digital banking’s on-demand payment has been adopted by small businesses in the United States and Europe. In Southeast Asia, several startups have also started offering EWA services, with most of them recently securing funding to improve their services and expand their offerings.

Simplify access to earned wages

One such company is Paywatch. The earned wage access startup that operates in South Korea recently raised $5.3 million in seed funding which it plans to use to expand into new markets in the region, Singapore, Indonesia , with Malaysia and the Philippines being key markets.

In a conversation with Tech Wire Asia, Alex Kim, co-founder and president of Paywatch, said that while other EWA providers are struggling to solve cash flow issues for SMBs when it comes to to advance salaries and the like, Paywatch focuses on equal opportunity for funding for employees, regardless of their financial capabilities.

access to earned wages

Alex Kim, co-founder and president of Paywatch with the team in Malaysia

“The problem with banks when it comes to financial access is that high-income people can get access to low-interest loans, but low-income people get high interest. It is an unfair part of society. What we have decided to do is to work with the banks to create a system to reduce the rate of default due to job cuts. And it’s done through a payroll deduction system,” Kim commented.

Compared to other solutions for accessing earned wages, Kim pointed out that Paywatch wanted to have a program that allowed its users to access major banks and use data from the platform to not only have access to EWA, but also to other available products. This includes access to mortgage products, car financing, etc.

“EWA is the product we launched with our banking partners. But we are quickly becoming a benefits platform. We work with insurance companies, e-commerce sites as well as savings and deposit products. We want to be like an HR solutions provider that offers a range of employee benefits. All regulatory and compliance issues are also resolved by our partners,” added Kim.

That said, Kim also pointed out that in Malaysia, Paywatch has been recognized by the United Nations Capital Development Fund, Bank Negara Malaysia and MDEC for its financial inclusion initiatives.

For Kim, it is a zero rate product from Paywatch. They are not a loan company. They simply aim to access the salary for which they have already worked. This is the main differentiator for Paywatch compared to other EWA providers.

“We also see some players in the United States following this model. It’s not an easy journey. We have to work with partners. Platforms in the United States were the first to launch this. But we notice that some platforms are working with big banks to have products similar to ours,” Kim added.

As regulators crack down on EWAs that charge predatory rates, Kim also thinks the industry is going to get a lot more exciting in the years to come. As Kim says, ultimately, Paywatch is about making funding easily available to employees when they need it, and when they do it the right way.





“Michael Jordan’s Game Worn Jersey Is Worth $150,000!” : When the stars of reality TV show Pawn had a chance to get the real GOAT jersey

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Everything associated with Michael Jordan sells – signed game-worn jerseys are worth as much as a Bentley now.

No one has captivated fans more than Michael Jordan in the past 50 years. People flock to own everything he touched – anything. From gaming heels to his line of sneakers, fans are going crazy for MJ. Not even LeBron James or Kobe Bryant could come close to that level of popularity.

A fan hit the jackpot by buying a 1996 NBA Finals jersey worn at a charity auction. This particular item had the trifecta of Holy Grail status – MJ’s signature, 50th anniversary, and authenticity. If anything could be better, it would be the Bible signed by Jesus himself.

Pawn Stars, a reality show about buying and selling historical artifacts, also sells pop culture memorabilia and memorabilia. When something like this fell into their hands, Rick wouldn’t let him go without a fight. The jersey was in pristine condition, with an estimated value of $150,000.

Also Read: ‘Did Michael Jordan Lose $500 Million to GameStop?’: Bulls Legend’s Massive Net Worth Drop Last Year May Not Be Related to Gabe Plotkin’s Ownership

Michael Jordan will always be marketable – with the Last Dance documentary, even his used tissue paper could cost hundreds

Rick couldn’t make a deal, because the price wasn’t good for both parties. They are known for their low-ball deals, and this was one of them. Even though they were in Chicago, it couldn’t get them to a deal.

With the premiere of the “Last Dance” documentary, Jordan’s popularity has never been higher. Kids who only saw him in highlights and as a meme now got to see him as the basketball god he was. His shoes, autographs and everything else skyrocketed.

Serious basketball collectors would have paid top dollar for the jersey – but because it’s a pawn shop, the famous gold and silver shop didn’t pull out the checkbook. Perhaps Harvey Specter would have liked the shirt better – he already had all the game balls displayed in his office.

Also Read: ‘The Only One Who Could Stop Michael Jordan – Mike on Gatorade’: When the Sports Drink Brand Came Up with One of the Most Innovative Ads Ever

Stussy Nike Air Force 1 Mid Release Date

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Collaborating with different brands throughout the year on special projects is an essential part of Stüssy’s business strategy and a partner that will almost always attract a lot of attention is Nike. This spring, the two parties have joined forces to present a three-fold Air Force 1 Mid capsule that is expected to release with various clothing items.

The shoes here are comprised of three distinct colorways. First on the list is a simple tumbled leather variation that comes with minimal and versatile black and white color blocking. The second piece of the puzzle is the “Fossil Hemp” iteration – which is essentially a mid-cut version of one of the streetwear stalwart’s 2020 collaborations – and it’s also designed with a Stüssy-branded hook-and-loop strap. The final installment of the build comes dressed in Black Luxe Leather and is decorated with faux Black Snakeskin Swooshes. All three are adorned with perforated SS knocks at the top of the toe.

In the clothing category, the duo prepared basic t-shirts, sweatshirts and beanies. The comfy hoodies and track pants come in volt, gray and stonewash colourways and feature co-branded logos that are angled to the left side. The cuffed beanies are crafted in black and off-white and are outfitted with Swooshes on one side and a Stüssy script badge on the opposite panel. The ‘Peace, Love, Swoosh’ t-shirts feature both logos and are designed to celebrate the role of sport in local communities.

Check out the official lookbook above and note that it will be available Friday, May 13 at 10 a.m. PDT via the Stüssy online store.

In other news, a new Nike Dunk High “Certified Fresh” colorway has emerged.

NC debarment: Criminal background checks still show old cases

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Winning in court took nearly five years for Rafael Smith, 39, after he was arrested for assault and sexual assault – but even a not-guilty verdict wasn’t enough to clear his name.

On a recent Saturday, he arrived at the Plaza Road Academy, like more than 100 other people seeking to clear their criminal record.

Even though charges against Smith from 2017 were dismissed and he was found not guilty, the existence of his arrest record, he says, held him back financially and prevented him from finding a job.

“It just gives me hope that things can be moved from my past and…my character can’t be tainted, like, you know, being a criminal,” Smith said.

Smith, who was a massage therapist at the time he was charged, said the hardest part of having a charge dismissed in his case is that he feels like he’s being punished for something he didn’t do that he was not found guilty.

Employers will see the charge and turn him down for job opportunities he was qualified for, Smith said. He hopes the radiation will give him a clean slate.

Expungement applies to a range of criminal cases in North Carolina where a person is seeking to remove an arrest, court dismissal, or criminal charge from their criminal record.

For thousands of North Carolinians who are eligible for this clean slate under the state’s second chance law, they have yet to take full advantage of it due to a gap in which record types are erased.

Felonies could first be expunged in the state starting in 2011 and the expungement process was expanded last year. Expungement orders apply to government records – like police arrest slips and court documents – but a recent investigation by The Charlotte Observer finds that employers and landlords often still have access to criminal records, which compromises the effect of radiation.

In other words, private providers who provide background check services have access to state-held electronic court records and they are not notified by the courts or required to purge expunged cases from their databases – even arrests like Smith’s, which the state of North Carolina will effectively consider never to have happened once his expungement is approved.

With recent reforms, the state granted more expungements in fiscal year 2021 — a total of 16,390 — than at any time since 2016. And that figure doesn’t include the number of expungements that happen automatically when prosecutors decide to dismiss certain charges.

Karl Burch followed the same process as Smith to remove a load he’s worn for over 45 years.

For Burch, a strike means the freedom to get a good job and his finances in order, he said.

“It’s so hard, you can’t get out. You can’t get housing… you can’t get a car, you really can’t get anything with a criminal record. And I mean, it’s been so long, you know, I thought it would go away,” Burch said.

Now Burch is 60 and hopes to clear her record for her seven grandchildren and six great-grandchildren.

But even if Burch and Smith get the expungements they are legally entitled to, the way data companies keep their records may still ruin their second chance.

It has been that way for at least a decade or more, when heads of state first required background check companies wanting North Carolina court records to log electronically into the Administrative Bureau’s records system. courts. The goal, officials said at the time, was to ensure these companies have up-to-date records — to close the delisting loophole.

But even recent legislative updates haven’t solved the problem, say advocates and experts recently interviewed by the Observer.

Cancellation in NC

Mecklenburg County Assistant District Attorney Robyn Withrow said the North Carolina General Assembly has struggled to address expungements nearly every year for the past five years. And while there is talk of doing so in the future, so far nothing has been done about third-party information providers keeping records that have since been deleted.

Withrow said that because write-offs often happen quickly, third-party and private providers are often not notified of an individual’s change in status. She said it will probably take legislative action to correct that.

Maria Macon, founder and director of the Mecklenburg Council of Elders, said the council is pushing for the General Assembly to fix this loophole and notify private entities when the records have been removed. The Council of Elders is a nonprofit made up of 15 local organizations that hold quarterly clinics for people who need help expunging past arrests. The clinics are so popular that you have to register beforehand and they are often full.

Macon is particularly concerned about access to radiation for poor people. Because of the root causes of criminal behavior, she said, minors and adults living in poverty are more likely to have criminal histories – which, more often than not, will perpetuate multigenerational poverty as people age. they will lose job opportunities.

She said lawmakers should start looking at write-offs the same way they looked at payday loans when they passed legislation about it. Macon said it took a “groundswell cry” for this effort and he could pick it up with this loophole.

The Administrative Office of Courts, or AOC, a state agency, declined to be questioned by the Observer on the matter. According to the AOC website, only 70 private companies access the state database, compared to hundreds on the market.

Besides connecting to the Courts Administration Office system, any member of the public can obtain otherwise publicly available court records, but accessing a large volume is difficult without a database.

Joseph Laizure, a clinical programs staff attorney at UNC, who is part of the university’s law school, said that while the law currently does not require the state to notify private companies, people affected by an inaccurate background check may have recourse.

Private companies that conduct employment background checks or other background checks using public criminal records are regulated under the Fair Credit Reporting Act, Laizure said.

“Individuals who find themselves victims of inaccurate background checks conducted by private companies might consider speaking to a consumer attorney who can advise them of their rights under the Fair Credit Reporting Act and any other laws that may arise. ‘enforce,’ he said.

A second chance

In 2020, Governor Roy Cooper signed into law the Second Chance Law. According to the North Carolina Justice Center, a statewide advocacy organization, the law was bipartisan legislation that had been making its way through the legislature for nearly two years.

One in four North Carolina has a criminal record, according to the Justice Center. These records can make it difficult to obtain quality housing, employment and higher education.

The main provisions of the law include:

Automatic removal of certain charges from a person’s record, such as a dismissed case.

Raise the age of juvenile convictions, making more people eligible for expungement.

Make expungement possible for all those whose charges have been dismissed and verdicts of not guilty, as well as for some who have been convicted of non-violent crimes.

Allow prosecutors to request disbarments after a dismissal.

Habekah Cannon, managing partner of Habekah B. Cannon’s office, said the most significant expungement reform the state has made in recent years is the ability to remove multiple dismissed charges from a person’s record.

Dismissed charges occur when prosecutors drop a case against someone due to insufficient evidence, which they do not wish to prosecute, or due to mistaken identity. However, these charges are still on a person’s file.

“If your charges were dismissed, there shouldn’t be any record of them, there shouldn’t be this story that follows you,” Cannon said.

“Because if you were found not guilty, or if the state didn’t have enough evidence to prosecute the case, or if it was a case of mistaken identity, or if you earned your dismissal through a deferred program, you should not be penalized for this. And the way North Carolina enforced the law, before December 2021, was that people were punished even for being arrested.

Reform gaps

While recent reforms proposed in the Second Chance Act have helped those seeking expungements, there are still loopholes in the law, in addition to the loophole that allows expunged documents to continue to haunt individuals through expungements. private entities.

Cannon says that with the change in the law, dismissals and not guilty verdicts are supposed to be automatically erased from a person’s record. However, she and her colleagues find that this is not always the case and their clients still have to file motions to strike.

One of the biggest hurdles that still exist in terms of reform is the cost of the process and its complexity, Cannon said.

It costs $175 to file an expungement of record, Cannon said. And, the process can be difficult to navigate.

A person must determine which affidavit to complete, then they must have it signed by the district attorney, who sends it to the clerk, and then it is sent to the state, Cannon said. This process usually takes four to six months, but it can take longer than that.

Under the new law, those who wish to expunge their conviction records must wait five years for a misdemeanor and ten years for a felony, Cannon said. She said that in the future, the state should consider shortening that time limit for misdemeanors even further.

“If you commit non-violent crimes, those are your, what I call petty charges, your larceny, your trespassing. Many of these charges criminalize poverty,” Cannon said.

The Council of Elders of Mecklenburg regularly organize radiation clinics. To sign up for their services, visit their website and fill out a form in English or Spanish.

Raleigh News & Observer related stories

Kallie Cox covers public safety for The Charlotte Observer. They grew up in Springfield, Illinois and attended school at SIU Carbondale. They reported on police accountability and barriers to LGBTQ immigration for the Pulitzer Center on Crisis Reporting. And, they previously worked at the Southern Illinoisan before moving to Charlotte.

Kendrick Lamar takes the place of Nipsey in “The Heart Part 5”

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Four days before his fifth album Mr. Morale and the Big Steppers is about to arrive, Kendrick Lamar made a big comeback on Mother’s Day with “The Heart Part 5.” The song is the fifth installment in Kendrick’s “Heart” series which debuted in 2010 and was last updated with “The Heart Part 5” in 2017. The song is long as it lasts just over five and a half minutes, but through it Kendrick talks about black culture and how he sees it these days. In a video attached to the song, Kendrick uses deep forgery technology to transform into multiple faces, including OJ Simpson, Kanye West, Jussie Smollet, Will Smith, Kobe Bryant and Nipsey Hussle.

One of the biggest moments of “The Heart Part 5” comes during the song’s third verse. Here, Kendrick pays tribute to the late Nipsey Hussle and raps from his perspective to close the song. From Nipsey’s perspective, he indirectly reflects on his contributions to his community, rapping:

“Reflecting on my life and what I’ve done
Paid dues made the rules change for love
These same views cause schools to change curricula
But then change to look at the barrel with a gun
Do I feel resentful I haven’t seen my full potential?
Should I regret the good I was in?
Everything is everything, it’s not a coincidence”

A few bars later, it becomes a little clearer that Kendrick is rapping from Nipsey’s perspective:

“To my brother, to my children, I am in heaven
To my mother, to my sister, I’m in heaven
For my father, for my wife, I’m serious, it’s paradise
To my friends, be sure to count them as blessings
To my fans, be sure to make investments in them
And to the killer who hastened my death
I forgive you, just know your soul is in question
I saw that pain in your pupil when the trigger pulled
And even though you made me horrible, I was surely relieved
I completed my mission, I wasn’t ready to leave
But filled my days, my creator was content”

Finally, Kendrick mentions Blacc Sam, Nipsey’s older brother, and it’s now undeniable that this verse is told from Nipsey’s point of view.

And Sam, I’m watching over you
Make sure my kids watch all my interviews
Make sure you live our dreams that we produced
Keep that genie in your brain moving
And in my neighborhood, let the good prevail
Make sure babies and leaders get out of jail
Seek salvation when problems get real
‘Cause you can’t help the world until you help yourself

You can listen to “The Heart Part 5” in the video above, and you can read some fan reactions to the verse below.

Mr. Morale and the Big Steppers was released on 05/13 PgLang/TDE/Aftermath/Interscope.

NBA banned Air Jordans and fined Michael Jordan $5,000 for every game he wore them

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It’s hard to overstate the impact Michael Jordan has had on the sportswear world. Not only did he almost single-handedly build one of the strongest brands in sportswear, Nike, but he also created his own brand, Air Jordan and Jumpman. His Air Jordans have become the most iconic sneakers of all time, spawning a legacy of shoes worn by countless athletes and fans around the world.

While now you can’t watch an NBA game without seeing a pair of Air Jordans, there was a time when the league was less receptive to the shoe. In fact, they even punished Jordan for wearing them. Here is the history of Air Jordans and why the NBA once considered the sneakers an adversary.

How Michael Jordan’s Air Jordans Were Created

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According to Marie Claire, the Air Jordans were first created in 1984. This was the same year that Jordan was drafted to the University of North Carolina. As the third pick in the draft, MJ caught the eye of sneaker makers. While Nike is the hottest brand of the current era, Converse was the NBA’s official sneaker back then.

When Jordan met with Converse, they told him they couldn’t elevate his brand above their existing customers like Magic Johnson and Larry Bird. This led to Jordan excluding them. Jordan preferred Adidas, but they couldn’t come to an agreement with him. That’s when super-agent David Falk told Jordan he should partner with Nike, a young (at the time) sneaker company that primarily made track sneakers.

Jordan initially pushed back against Nike. But Falk enlisted the player’s parents to convince him to meet Nike. He did, they offered him a big deal, and he accepted. The rest was history.

The Jordan 1’s Place in Air Jordan Legacy

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Jordan’s first pair of Air Jordans were known as the Jordan 1. They became household items, something every basketball fan wanted to own. Jordan brought them back for his final game as a Chicago Bulls player at Madison Square Garden, although he reported that they injured their feet while doing so.

It seems unthinkable to consider that now, but the NBA wasn’t too interested in Jordan’s personal branding and shoe choice at first. According to CNN, the NBA initially banned Jordan 1s. Their explanation was that they failed to adhere to NBA sneaker guidelines which stated that all sneakers should be predominantly white and share team uniform colors. . The league chose to fine Jordan $5,000 for every game he wore them.

In hindsight, the fine may not seem like a big deal to someone like Jordan. But remember, this wasn’t the superstar MJ everyone had come to know and love. He was a young player who was still trying to find his place in the game.

How Michael Jordan and Nike Reacted to the Jordan 1 Ban

Michael Jordan attends a press conference for the Air Jordans 30th anniversary | Catherine Steenkeste/Getty Images

The NBA is a global empire now built on the reputation of its superstars, with Jordan being the biggest name in league history. But by the time Nike unveiled their new shoe, Jordan wasn’t the commanding figure he is today. He hadn’t won any championships, still new to the league.

Luckily for Jordan, from the early stages of their partnership, Nike proved what a good teammate they could be for him. Seeing a good opportunity to increase exposure for their sneakers and brand, Nike helped Jordan pay the fines.

Air Jordans became tied to Jordan’s legacy from there. Nike produced several iterations of the sneaker, each more popular than the last. Today, Jordan and Nike have taken a shoe and made it their own global brand.

RELATED: Michael Jordan’s Brutal Trash Talk Once Ruined A Teammate’s Career

Drivers caught behind the wheel wearing designer shoes face hefty fines

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Drivers risk a huge fine if caught driving in designer sneakers, experts have warned.

With reports of a summer sizzle on the horizon and up to five ‘big heat waves’ over the next four months, many of us will finally be looking to get our summer clothes right – and our favorite shoes.

Over the past few years or so, “sneaker culture” has morphed into a multi-billion dollar industry, with many people obsessed with brands such as Nike and Adidas. Designer shoes in unusual designs with chunky soles have become fashionable, with many sneakers also featuring innovative heel designs and other special features.

READ MORE: Manchester Airport TUI passengers warn of food and drink changes on flights

But while such shoes might look nice, these items aren’t usually the best to wear while driving – with motorists facing hefty fines and points on their license if caught wearing them on the roads. , reports Chronicle Live.

Rule 97 of the Highway Traffic Act states that before driving, you must ensure that clothing and footwear do not interfere with the proper use of controls. Ignoring this can subject offenders to a “reckless driving” offense if spotted by a police officer.

The offense itself carries a fixed fine of £100, as well as three points on your driving license – with the option of taking a specialist driving course instead of the officer. However, if your expensive sneakers cause you to drive dangerously, the same penalty will apply, along with the possibility of your case being referred to the legal system.

But which shoes are considered unsuitable? According to the Driving Standards Agency, your driving shoes should:

  • Have a sole no thicker than 10 mm
  • The sole should not be too thin or soft
  • Provide enough grip to prevent your foot from slipping off the pedals.
  • Don’t be too heavy
  • Do not limit ankle movement
  • Be narrow enough to avoid accidentally pressing two pedals at once

With that in mind, Scrap Car Comparison has compiled ten sought-after sneakers that could net you a more expensive fine than the shoes themselves – in most cases.

Would you drive in one of these shoes? Let us know in the comments section below.

1) Adidas Yeezy Slide: MSRP: £50-£60 / Resale Value: £70-£300

Slides have become the go-to summer shoe choice for most, and the Yeezy Slide has established itself as the choice of most sneakerheads – however, the understated design comes with zero heel support and therefore falls well outside the guidelines of the Driving Standards Agency.

2) Balenciaga Triple S: RRP: £695-£825

A brand beloved by the Kardashians and hip-hop royalty, the Balenciaga Triple S is an instantly recognizable silhouette that has fans from Jeff Goldblum to Bella Hadid. Behind the wheel, it’s not as favorable.

Its chunky sole comes in at 45.72mm, well above the 10mm guide, and the shoes’ substantial width also increases the fear of accidentally hitting the wrong pedal.

Nike Vapormax RRP: £140-£200

A style that doesn’t require big spend on the resale market and can be purchased at most retailers, the Vapormax can’t be mistaken, with its full air bubble sole. The unique sole design, however, could cause individual “bubbles” to get stuck in the pedals and put you in the “reckless driving” category.

Nike Sacai Vaporwaffle: MSRP: £164.95 / Resale Value: £250-£950

Another popular trainer that would see you falling for having too much of a thick sole (around 46mm), the Nike Sacai Vaporwaffle also features an unusual rear, with a sole that splits in two to form a ‘tongue- like ‘shape, which makes it also lacking in the heel support department.

Adidas Yeezy Boost 350 V2: MSRP: £200 / Resale Value: £250-£500

A second entry for Kanye West’s Yeezy brand, featuring its most popular silhouette. Since its first release in September 2016, this sneaker has been hugely influential in the sneaker world and with its multiple colorways, it can often be seen worn everywhere you go.

Its “BOOST” filled sole and large 40mm heel allow it to overhang the guide by 10mm, so although it’s a stylish and flexible option, it could still get you in trouble.

Alexander McQueen ‘Oversized Sneaker’: RRP: £420

Taking the design of the Adidas Stan Smith and putting it on steroids, the Alexander McQueen is, as the name suggests, potentially the king of oversized soles. Its heel reaches 50mm in height, ideal for anyone looking to look a little taller, but not so great behind the wheel…being five times over the guideline.

Fear of God – The California Sneaker: RRP: £165-£175

Part slider and part sneaker, one of Jerry Lorenzo’s brand’s latest models offers a smarter alternative to the Yeezy Slide, but still doesn’t eliminate ride concerns. The lack of any heel support and its slick, no-grip style would likely get you in trouble if you saw them being driven by a cop.

Off White x Nike Blazer Low: RRP: £137 / Resale Value: £145-£250

The late Virgil Abloh’s Off White collaboration with Nike resulted in sneakers that will forever be heralded in fashion circles, and one of the most recent releases is the reimagined Blazer Low. A shoe that would pass all riding tests without its elongated heel, which could be a problem when switching from pedal to pedal and finding a comfortable place to sit your foot.

Balenciaga Defender: RRP £750

The second entry from haute couture brand Balenciaga which is increasingly entrenched in the world of streetwear, the Defender was created in its Spring/Summer 22 and features a rugged not-so-summery look dominated by a huge tyre-style sole tread that far exceeds the guide by 10 mm. The multiple “notches” on the sole will also make it difficult to hit the pedals.

Nike MAG (Back to the Future): RRP: £400 / Resale Value: £10,000-£400,000

One of the rarest sneakers ever released, the limited-edition Nike MAG shoes are a recreation of the shoes worn by Marty McFly in Back to the Future II and, due to their rarity, can fetch exorbitant sums on the market. resale. While they might be suitable for a hoverboard, they are definitely not suitable for riding, with the bulky shoe offering very little ankle movement and again, a sole that goes well above the 10 guide mm.

‘LeBron James and Kobe Bryant’s MVPuppets ad has got to be the greatest ever’: When the two basketball icons starred in unique Nike puppet ad

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In 2009, Nike reunited Kobe Bryant and LeBron James for a one-of-a-kind “Nike MVPuppets” ad.

There have been many all-time greats who have adapted for purple and gold. However, there are two legends who have absolutely revolutionized the way the game of basketball is played –Kobe Bryant and james lebron.

These two superstars had a huge impact on modern basketball. With their impressive style of play, dedication, love of the game and competitive spirit, they prove to everyone why they were compared to Michael Jordan in the GOAT debate.

Also Read: NBA Insider Brian Windhorst Makes Bold Reveal Ahead of Offseason

Having two of the most followed fans in the sports world, it was extremely profitable for companies to use these athletes to market their products. And in 2009, Nike managed to bring these two icons together for one of the most unique advertisements.

When LeBron James and Kobe Bryant starred in Nike’s MVPuppets ad

Now Kobe and LBJ have been featured in various commercials throughout their careers. However, being part of this Nike commercial was by far the most unique and fun.

During the 2009 playoffs, several episodes of the “Nike MVPuppets” series aired on television. The ad featured the puppet versions of Bron and Bean (voiced by Keenan Thompson and David Alan Grier, respectively).

Here, look at it videos.

Also Read: Jalen Rose Doesn’t Think Los Angeles Lakers Shouldn’t Quit Their Superstar

Throughout the commercial series, the puppets converse while mocking each other. As Bryant trolls LeBron for winning lesser NBA rings, James retaliates by doing his patented “chalk dust” throw all over the room.

To be honest, this wholesome puppet series was really an apt representation of Kobe and LeBron’s real-life relationship.

Without a doubt, this has to be one of the most awesome and iconic commercials of all time.

QuickQuid and Pounds to Pocket borrowers receive payment news

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Borrowers who were mistakenly sold loans they couldn’t afford by two companies that went bankrupt will receive a little more than they expected.

Around 78,500 QuickQuid and Pounds to Pocket borrowers will be reimbursed some of the interest and fees charged to them at a rate of 53.5p for each pound due over the next two weeks, it has been confirmed.

The joint administrators of Grant Thornton initially told borrowers to expect a payment of between 30 and 50 pence for every £1 of interest, fees and charges paid on their badly sold loans, plus 8% interest. But this week they contacted customers to say they will in fact receive 53.5p per £1 owed, plus interest.

Read more: More families are turning to payday loans as the cost of living crisis rages

The update comes after CashEuroNet, of which payday lenders QuickQuid and Onstride.co.uk (formerly known as Pounds to Pocket) were part, went into administration in 2019 and ceased lending.

The claims portal for those who believed they were mis-sold a loan closed last February, so it’s too late to start a new claim. Customers who claimed before then should have received a decision on their claim by the end of June 2021, and another email this week detailing the amount they will recover. It is also too late to appeal decisions made by Grant Thornton, as borrowers had 21 days from receiving an initial decision on their application in June 2021 to do so.

When you submitted an application, you were required to include contact details, as well as the bank details you used when taking out your loan, and these will be the details that Grant Thornton will use to provide updates on your application. Any payment due will be transferred this week or the next.

It is now too late to update your contact details with Grant Thornton. A check will therefore be sent to the address you indicated during your complaint. If your address is no longer correct, contact CashEuroNet customer service on 0800 0163 250.

Payday loans and other short-term loans have been widely mis-sold and dozens of short-term lenders have gone bankrupt, including former Newcastle United sponsor Wonga, leaving customers with legitimate complaints to get payouts greatly reduced – or even find it’s too late to complain if their lender has gone bankrupt.

If you couldn’t afford to repay the loan, or the lender didn’t properly check your finances, you may be able to get your money back, as lenders need to review your finances to make sure you can pay the loan. loan and fees. If, as was often the case, this was not done correctly and the money was not to be loaned to you, or the costs or repayment schedule were unclear, you were mis-sold .

Citizens Advice has a guide to making a complaint, including a sample letter to send to your lender here.

Read more :

Drivers risk massive fines if caught driving in designer sneakers

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With better weather finally starting to roll in across the UK, the dry and sunny spring means many can finally wear their favorite outfits – or more specifically, their most prized shoes.

Over the past decade, ‘sneaker culture’ has grown into a multi-billion dollar industry – with brands like Nike and Adidas leading the way with limited-time colorways and collectible designs that come and go. regularly. Some of them feature extravagant designs with chunky soles, as well as innovative heel designs and other special features.

And while they may look good on the ‘gram’, these products are generally not the best suited for riding around in a car and can in fact land wearers hefty fines and points on their license if they are caught wearing them while driving. .

Read more: Drivers warned as new rule will see ‘avalanche’ of fines from June

Are some shoes illegal to drive?

Rule 97 of the Highway Traffic Act states that before driving, you must ensure that clothing and footwear do not interfere with the proper use of controls. Ignoring this can result in offenders being charged with a “careless driving” offense if spotted by a police officer.

The offense itself carries a fixed fine of £100, as well as three points on your driving license – with the option of taking a specialist driving course instead of the officer.



Driving in certain designer shoes could get you in trouble with the law

However, if your expensive sneakers cause you to drive dangerously, the same penalty will apply, along with the possibility of your case being referred to the court system. This could result in a fine of up to £5,000, nine points on your license or even a complete driving ban.

10 popular workout styles that could get you fined

But which shoes are considered unsuitable? According to the Driving Standards Agency, your driving shoes should:

  • Have a sole no thicker than 10 mm
  • The sole should not be too thin or soft
  • Provide enough grip to prevent your foot from slipping off the pedals.
  • Don’t be too heavy
  • Do not limit ankle movement
  • Be narrow enough to avoid accidentally pressing two pedals at once

With that in mind, Scrap Car Comparison has compiled ten sought-after sneakers that could fetch you a more expensive fine than the shoes themselves – in most cases.

1) Adidas Yeezy Slide: MSRP: £50-£60 / Resale Value: £70-£300

Slides have become the go-to summer shoe choice for most, and the Yeezy Slide has established itself as the choice of most sneakerheads – however, the understated design comes with zero heel support and therefore falls well outside the guidelines of the Driving Standards Agency.

2) Balenciaga Triple S: RRP: £695-£825

A brand beloved by the Kardashians and hip-hop royalty, the Balenciaga Triple S is an instantly recognizable silhouette that has fans from Jeff Goldblum to Bella Hadid. Behind the wheel, it’s not as favorable.

Its chunky sole comes in at 45.72mm, well above the 10mm guide, and the shoes’ substantial width also increases the fear of accidentally hitting the wrong pedal.

Nike Vapormax RRP: £140-£200

A style that doesn’t require big spend on the resale market and can be purchased at most retailers, the Vapormax can’t be mistaken, with its full air bubble sole. The unique sole design, however, could cause individual “bubbles” to get stuck in the pedals and put you in the “reckless driving” category.

Nike Sacai Vaporwaffle: MSRP: £164.95 / Resale Value: £250-£950

Another popular trainer that would see you falling for having too much of a chunky sole (around 46mm), the Nike Sacai Vaporwaffle also features an unusual rear, with a sole that splits in two to form a ‘tongue- like ‘shape, which makes it also lacking in the heel support department.

Adidas Yeezy Boost 350 V2: MSRP: £200 / Resale Value: £250-£500

A second entry for Kanye West’s Yeezy brand, featuring its most popular silhouette. Since its first release in September 2016, this sneaker has been hugely influential in the sneaker world and with its multiple colorways, it can often be seen worn everywhere you go.

Its “BOOST” filled sole and large 40mm heel allow it to overhang the guide by 10mm, so although it’s a stylish and flexible option, it could still get you in trouble.

Alexander McQueen ‘Oversized Sneaker’: RRP: £420

Taking the design of the Adidas Stan Smith and putting it on steroids, the Alexander McQueen is, as the name suggests, potentially the king of oversized soles. Its heel reaches 50 mm in height, ideal for anyone looking to look a little taller, but not so good behind the wheel… being five times higher than the indications.

Fear of God – The California Sneaker: RRP: £165-£175

Part slider and part sneaker, one of Jerry Lorenzo’s brand’s latest models offers a smarter alternative to the Yeezy Slide, but still doesn’t eliminate ride concerns. The lack of any heel support and its slick, no-grip style would likely get you in trouble if you saw them being driven by a cop.

Off White x Nike Blazer Low: RRP: £137 / Resale Value: £145-£250

The late Virgil Abloh’s Off White collaboration with Nike spawned sneakers that will forever be heralded in fashion circles, and one of the most recent releases is the reimagined Blazer Low. A shoe that would pass all riding tests without its elongated heel, which could be a problem when switching from pedal to pedal and finding a comfortable place to sit your foot.

Balenciaga Defender: RRP £750

The second entry from haute couture brand Balenciaga which is increasingly entrenched in the world of streetwear, the Defender was created in its Spring/Summer 22 and features a rugged not-so-summery look dominated by a huge tyre-style sole tread that far exceeds the guide by 10 mm. The multiple “notches” on the sole will also make it difficult to hit the pedals.

Nike MAG (Back to the Future): RRP: £400 / Resale Value: £10,000-£400,000

One of the rarest sneakers ever released, the limited-edition Nike MAG shoes are a recreation of the shoes worn by Marty McFly in Back to the Future II and, due to their rarity, can fetch exorbitant sums on the market. resale. While they might be suitable for a hoverboard, they’re definitely not suitable for riding, with the bulky shoe offering very little ankle movement and again, a sole that goes well above the 10 guide mm.

Would you drive in one of these shoes? Let us know in the comments.

Read next:

A Closer Look at the KOBE 6 PROTRO “GRINCH”

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Like many sportsmen considered the GOATs of basketball, the Black Mamba was iconic. He left an impact that influenced the game on and off the basketball court, right down to the sneakers he appeared in during games. Nike was so quick to jump in and strike a deal with Kobe Bryant to create top-notch sneakers that fans will remember this legendary Los Angeles Lakers star for years, even after his retirement. The legendary sneaker released for Kobe will continue to grow even after other new releases. The new KOBE 6 PROTRO “GRINCH”, which was supposed to hit stores for Christmas and the holiday season, is a legendary shoe that Nike uses to honor the memory of the late great phenomenon that has always graced the game.

History of the KOBE 6 PROTRO “GRINCH”

Initially, the “Grinch” was introduced in 2010 on Christmas Day as part of the Nike Basketball Christmas Day collection. According to the Chronicles, the “Grinch” makeup of the Nike Zoom Kobe 6 has been called the best and most beloved shoe Kobe has ever played in during his dynamic career. Many sneaker fans considered it the best Christmas sneaker ever. Kobe broke out with this original scaly shoe in a game between the Los Angeles Lakers against the Miami Heat, a game the Lakers won 96-80. All VIPs who sat courtside during this game received a bag containing this sneaker called “The Gift” by Kobe Bryant. The shoe started generating high returns by becoming a go-to pair for the sneaker community. On the 10th anniversary of this incredible sneaker, Nike has released a new KOBE 6 “GRINCH” lineup with a slate of PROTRO programs for sneaker lovers to enjoy performance upgrades. The shoe was already more successful on the market with its total envelopment of anise green. The contributing factor to the success of this shoe model was Kobe’s tremendous on-court prowess when he graced the basketball court with it. The designers at Nike have also applied fabulous colorways on the shoe which has been acclaimed by many worldwide sneaker fans and ball players. The original pieces, which were released as a limited edition in 2010, had a stunning colorway and standout backstory that made them an obvious choice for anyone looking for a Nike PROTRO series. According to GQ Magazine, over the years Nike has continued to make different changes to this shoe, while already boasting great performance for fans to lay their hands on.

The new KOBE 6 PROTRO “GRINCH”

KOBE 6 PROTRO “GRINCH” has fabulous unique features. They include the injection of modern performance technology into this designer training shoe while retaining most of its previous striking design elements.

Colors

Nike did an amazing job for the colorways to make the shoe colorful with Kobe’s favorite colors. It comes in apple green, volt crimson-black. This colorway is recognized as an inspiration from the green mamba, a colorful take that Kobe Byrant was nicknamed during his playing days.

Design

For the design part of the KOBE 6 PROTRO “GRINCH”, the designers at Nike have brought a fantastic overhaul to the shoe. At first glance, this PROTRO resembles the design created twelve years ago. Nike retained the unique Grinch green punch of colors on the body part. The improvement to the sneaker is to reshape it to make it more stylish and durable. This training shoe features a unique Air Zoom Turbo unit on the forefoot area which has been improved giving the shoe more exceptional cushioning than the original Zoom unit which helps the wearer to enjoy the responsiveness of the feet during play. The sole of the heel of the shoe contains a softer and more reactive foam which, when you wear it, makes you feel like it is reacting to the ground, giving it energy to avoid to feel dead under your feet. The brace is fitted with patent leather added to the silhouette. Nike also changed the shoe on the underfoot area and on the midsole by increasing the surface area and changing the traction patterns. According to Input magazine, the improved surface is crucial for the area under the foot of athletes. This helps improve ground contact as the wearer takes a sharper cut during play and helps them quickly change direction at any angle without difficulty. The upper part of the shoe is accentuated with awesome side parts and a yellow highlighter on the laces. The designer has also given this great sneaker a great heel structure shape and a chiseled sole. The outer layer is inspired by the appearance of snake scales, indulging the entire shoe. The latest design hasn’t deviated so much from its predecessor. Notable changes include the placement of the Zoom Air unit’s signature positioning.

Prices

The sleek pair of KOBE 6 PROTRO “GRINCH” is available at various Nike SNKRS outlets, select retailers, and Stock X for $180. You can order for your actual shoe size if you want a great fit. It would be better for those with wider feet to go up half a size.

final verdict

The inspiration for KOBE 6 PROTRO “GRINCH” came from a fictional creature, “The Grinch”, which has been renowned for years as part of widespread cultural practice in the United States. The PROTRO version celebrates the availability of this shoe in the market and symbolizes the life of Kobe. The new version of KOBE 6 PROTRO “GRINCH” is worth all the money if you want better performance shoes that are sleeker, in better shape and with unique modern features. The release of this model is a nice gesture from Nike to continue to maintain these shoes in the market and the legacy of Kobe Bryant among sneaker collectors and fans around the world. The new revamped PROTRO shoe has been worn on basketball courts with fellow NBA stars like Ja Morant.

Cheresse Thornhill-Goldson went from designing shoes for the late Kobe Bryant to leading the way in WOC design

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As director of design at the adidas School for Experiential Education in Design (SEED), Thornhill-Goldson strives to create a community for young designers, especially women of color.

Working alongside counterparts Jessica Smith and Liz Connelly – the program’s co-founders – the team is committed to providing access, awareness and a pathway to help open the door for more women to access the plethora of jobs that are in the industry.

Students are also actively supported as they are paid throughout the program – essentially being paid to learn, as Thornhill-Goldson puts it. In addition, they receive a housing allowance each month. Financial aid is part of how adidas SEED aims to reduce the barriers students face.

“IIt’s really about creating equity,” she said. “We try to remove as many obstacles as possible. Thus, our students simply need to be at least 18 years old and able to work in the United States. These are the only requirements. And being a woman of color because that’s what we focus on.

She continued, “No resume, no portfolio. None of the things you need to have to get into one of the top 10 art schools. Our whole premise is truly experiential. We create opportunities for our students to experience design and to work with us and collaborate with us. And we rate them on their ability to collaborate, take feedback and act on it, and be curious — all leadership qualities one would need to be successful. We believe we can teach you how to design. We can teach anyone to draw or design, anything.

In 2020, SEED welcomed its inaugural class. Two years later, he is currently recruiting his third generation. The two-year program extends beyond footwear and includes crash courses through product creation, working with women’s adidas originals for a footwear collection, as well as apparel, accessories and footwear. backpack.

Courtesy of adidas SEED

The goal is for young creators to become more complete designers.

Governor Hochul Signs Legislation Strengthening Consumer Protections and Addressing Inequities in the Financial Services System

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Governor Kathy Hochul today signed legislation that strengthens consumer protections and addresses inequities in the state’s financial services system. The legislation (S.1684/A.8293) directs the Department of Financial Services to conduct a study of underbanked communities and households in New York City and make recommendations to improve their access to financial services. The legislation (S.4894/A.1693) protects consumers from potentially dangerous banking products by prohibiting the issuance of unsolicited postal loan checks.

“This legislation is the first step in addressing the lack of safe and accessible banking services that contribute to inequities in our state’s financial system,” Governor Hochul said. “Dangerous postal loan checks and banking deserts prevent already underserved New Yorkers from safely accessing the services they need to build wealth and pursue economic prosperity. I am proud to sign this legislation that will strengthen consumer protections for New Yorkers and explore ways to bring these much-needed resources to consumers.”

“Protecting consumers and implementing data-driven policies to help build a fairer and more resilient financial sector in New York is a top priority for DFS,” said Superintendent of Financial Services Adrienne A. Harris. “We look forward to engaging with all stakeholders to shed light on the current state of financial services in underserved areas and to offer collaborative recommendations to increase access to financial services for the benefit of all New -Yorkers.”

The legislation (S.1684/A.8293) directs the Department of Financial Services to conduct a study of underbanked communities and households in New York City and make recommendations to improve their access to financial services. Access to safe and affordable financial services is necessary to achieve financial stability, but far too many New Yorkers are either unbanked, without access to a checking or savings account, or underbanked, with access to some banking services but also need to use alternatives and riskier financial services like payday loans. This bill will update the number of unbanked and underbanked households and analyze the data to develop an assessment for the New York State Department of Financial Services to more effectively assist these communities.

Assembly Member Patricia Fahy said: “Far too many communities in New York State do not have equitable access to our financial system and our banking services. Often it is our underresourced communities and communities of color, while a lack of banking services contributes to the financial instability that keeps New Yorkers from building I thank Governor Hochul for signing my legislation that will require the Department of Financial Services to update its list of underbanked and unbanked households in New York, to further help these New Yorkers achieve financial stability and reach their full economic potential.

The legislation (S.4894/A.1693) protects consumers from potentially dangerous banking products by prohibiting banking institutions from issuing unsolicited postal loan checks. A postal loan check is an unsolicited loan offer that is sent through the mail that, when cashed or deposited, binds the recipient to the terms of the loan, which may include high interest rates for several years. The practice of mailing unsolicited loan checks can be confusing and dangerous to consumers and this legislation will protect New Yorkers from the associated risk.

State Senator James Sanders Jr. said: “Safe and affordable financial services are necessary to establish financial stability, but banks see low-income families as a burden. Many of these people live check to check and find it difficult to leave the minimum amount over accounts, forcing banks to charge an unreasonable overdraft S.1684/A.8293 will help ensure that communities with significantly more unbanked and underbanked households get the assistance they need on the In addition, S.4894/A.1693 protects consumers from unsafe banking products by prohibiting banking organizations from issuing mail-order loan checks without a request or request. unsolicited money received in the mail can be cashed by an unknown recipient causing the recipient to repay the loan.This bill would avoid this problem.

Assemblyman Gary Pretlow said: “I am pleased to be one of the sponsors of this legislation correcting this dangerous banking practice of sending unsolicited loan checks through the mail. This has caused unnecessary hardship for consumers when checks were in cash in their name. without any knowledge of those transactions. This bill will undo that problem before.”

Remo Ruffini’s plan for Moncler and Stone Island

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MILAN — On a recent Sunday hike in the canyons above Bel Air, Calif., Remo Ruffini was surprised to see how packed the trails were with affluent young athletes, who are increasingly dedicating their time (and their money) to hiking and mountain sports.

“I was shocked,” said Ruffini, who is the chairman and CEO of Italian outerwear giant Moncler. “I saw more people there than I knew than on Rodeo Drive,” the luxury mall where his brand has its Los Angeles flagship.

Not enough of these people, it seems, wore Monclers.

Over the past four years, the brand has grown and engaged its audience with ongoing collaborations with trending designers, rolling out up to 8 capsule collections per year as part of a massive marketing initiative dubbed “Genius”.

But while Moncler’s sleek luxury positioning – situated between sportswear and runway fashion – has seen revenue surge, the pace of buzzing fashion collaborations risked stealing the spotlight from the brand’s heritage in the outdoor sports. Many millennial shoppers who have started wearing technical jackets, fleeces and other apparel are opting for brands like Arc’Teryx, Patagonia and The North Face.

Now, Ruffini is focused on capturing this wave of consumer interest, reviving Moncler Grenoble’s skiwear footprint with a focus on selling technical mountain sportswear to active millennials. “We come from this world,” he said. “We are one of the brands that really deserves to focus on the mountain.”

Grenoble’s relaunch isn’t the only change underway for Moncler: Speaking ahead of the company’s first Investor Day in four years, Ruffini outlined plans to reconfigure its brand structure, expand its commercial footprint with new stores for the Moncler brand and the recent acquisition of Stone Island, and accelerating diversification by investing in footwear.

The strategy comes as the company seeks to maintain growth after sales rebounded strongly from the pandemic. In the first quarter of 2022, Moncler sales rose 29%, the company said, while Stone Island rose 32%. Both labels beat analyst estimates. Overall, the group’s revenue exceeded 2 billion euros last year, almost four times more than when Moncler went public in 2013.

Still, the company relies heavily on a few standout items like its $1,050 Moncler Maya jacket. And the outlook for 2022 is becoming increasingly uncertain amid rapid inflation, the return of coronavirus lockdowns in China and Russia’s invasion of Ukraine.

“We don’t expect any meaningful consensus upgrades after the 1Q22 results as the outlook will likely be overshadowed by headwinds in China and tough comparisons in 2Q22,” wrote RBC analyst Piral Dadhania, who noted. an “underperforming” rating on the stock, pointing to a high valuation relative to expected sales and earnings. “Moncler remains a high-quality luxury company with leading credentials in the outerwear category, however [its] the current setup leaves little room for error.

After pouring resources into its Genius initiative, whose launch in 2018 promised a new marketing strategy for a world where consumers crave novelty at the speed of Instagram, Moncler plans to temporarily pause the program so it can redirect investment and marketing to its main line in addition. to the revival of Grenoble. These core projects will benefit from a rapid pace of activations from late September through the end of the year, Ruffini said, as the brand plans to shine a light on its heritage as part of a 70th anniversary push.

Genius’ 1952 line, a seasonal range designed by in-house creative director Sergio Zambon, will be reintegrated into the mainline collection, which is expected to introduce more creative products, as well as a line of non-logo items, alongside the hit stories. like his Maya jacket and zip-up hoodies. Partnerships with former Apple designer Jony Ive and the Lebron James Foundation are also underway.

Genius is set to relaunch next year with a focus on targeting Gen-Z customers, and will seek a group of collaborators from other industries like entertainment and sports rather than partnering exclusively with fashion designers. .

Under the Genius umbrella, sculptural samurai-style ensembles by Craig Green and long, puffy mummy dresses by Pierpaolo Piccioli created buzz online and increased Moncler’s fashion influence. Tapping into Japanese streetwear and nightlife maven Hiroshi Fujiwara for limited-edition collaborations with his Fragment line has garnered sales demand from hypebeasts, while a few Genius partnerships, like those with Italian streetwear outfit Palm Angels, actually generated significant sales.

Ruffini credits the Genius program with instilling a digital-first, “always on” marketing culture throughout the company, as well as attracting younger consumers to the brand.

Moncler revamps its Genius collaborations program to focus on Gen-Z consumers.  A recent drop with footwear brand Hoka may already reflect the shift to a more relevant approach.

But while these initiatives boosted Moncler’s audience and helped preserve a hard-won fashion positioning (before Genius, Moncler sold seasonal ready-to-wear lines by Giambattista Valli and Thom Browne), they did not address the the brand’s reliance on a handful of flagships, like the Maya. Additionally, the collaborations risked confusing consumers about the identity and core values ​​of the brand, and often did more to raise the profile of the collaborators than shine a light on Moncler itself.

Genius was a success in terms of “communication through the product, in a very fast way”, according to Paola Cillo, professor of innovation and coordinator of the luxury concentration at Bocconi University in Milan. “It brought a sense of speed and dynamism to the brand. But from a business perspective, I don’t see where it’s going,” she said. “They still need to expand their codes, increase the number of items they actually sell.”

While Moncler has seen success with some ready-to-wear like cut-and-sew streetwear pieces, efforts to grow categories like accessories and footwear have progressed more slowly. Moncler offers a full lifestyle offering, including backpacks, eyewear and even fragrances, but these categories still account for a small share of sales.

Unlike most luxury rivals, Moncler won’t focus on bags. “I don’t see the game with our brand,” Ruffini said.

Instead, shoes are where Moncler is placing its bets: the company is seeing a surge in demand for luxury sneakers in the US as former office workers shift spending away from traditional low-soled shoes for good. made of leather. A new brand manager hired by sneaker giant Nike, Gino Fisanotti, could help the category succeed.

A recent collaboration with Hoka provided market entry and was a near-instant sell-out, Ruffini said.

Stone Island recently released a campaign video in partnership with Daniel Arsham as part of a campaign to improve its image.

Of course, Moncler’s biggest push to diversify is in Stone Island, which the company acquired in a $1.4 billion deal last year. There, the company is working to reduce distribution agreements and roll out more directly operated stores, targeting 100 locations by the end of 2024, up from just 30 at the time of the deal.

“The product is amazing, but changing the culture is key. A DTC approach is essential,” Ruffini said. In addition to improving the store concept and online flagships, sharper and more modern marketing will be needed to broaden the brand’s audience while maintaining its tribal authenticity.

The Stone Island deal has sparked speculation that Ruffini could become a consolidator in the Italian fashion market, alongside players like OTB chairman Renzo Rosso, who has bolstered his portfolio since the pandemic.

But Ruffini says further mergers and acquisitions are “not part of the strategy” as the integration of Stone Island and the revamping of Moncler steal attention. “I don’t think we have time.”

New Balance 550 “Lakers Pack” release date

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Lakers fans may not have much to cheer about in the world of basketball right now, but on the sneaker side things look golden. Nike and the Kobe Bryant estate, after announcing their renewed partnership, have just released the Kobe 6 “Mambacita” on what would have been Gigi Bryant’s Sweet 16 birthday, and adidas is following up with a reissue of the Crazy 97 that Kobe wore during the 1997 NBA Dunk Contest. Now New Balance is jumping into the fold with a duo of New Balance 550s that emanates classic gold and deep purple.

While there’s no official affiliation between the Lakers and these New Balance 550 colorways, it’s hard not to make that connection too much. After all, one of the brand’s most prominent endorsers was a Laker (James Worthy), so these might be a loose tribute to that partnership that lasted throughout the ’80s dynasty era. .

Two options are due out later this year; both feature a white leather base, but with varying color sets – another “Home” driven with a mix of yellow and gold tones, and a second that focuses on an indigo purple hue. Both have that clear Los Angeles look, so we already know West Coast will be pulling on them as soon as they become available.

The release date for these New Balance 550s is unknown, so take a look at the official images below, we’ll update you when we have more information.

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

New Balance 550
Release date: 2022
Color: N/A

Men: $120
Style Code: BB550WTO

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

New Balance 550
Release date: 2022
Color: N/A

Men: $120
Style Code: BB550WTN

COVID woes prompt more states to require financial literacy courses

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COVID woes prompt more states to require financial literacy courses

Elaine S. Povitch

Stateline

Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has revealed how many American adults are living on the financial edge, has spurred ongoing efforts to make financial literacy classes a school requirement.

Seven states now require a stand-alone financial literacy course as a high school graduation requirement, and five more state requirements come into effect within the next year or two. About 25 warrants at least some financial training, sometimes as part of an existing course. This year, about 20 other states have considered establishing or expanding similar rules.

Opponents of state mandates say the requirements, while laudable, may encroach on the limited time available for other high school electives and would impose costly demands on teacher training or hiring.

Nevertheless, financial literacy courses are gaining ground.

“I think there’s a lot of momentum now; many more states have legislation pending,” said Carly Urban, an economics professor at Montana State University who has studied financial literacy. In seven states — Alabama, Iowa, Missouri, Mississippi, Tennessee, Utah and Virginia — “almost all schools require it,” she said, though some graduation prerequisites don’t come into play. force only in 2023.

Over the past two years, Nebraska, Ohio, Rhode Island, and most recently Florida have passed laws making financial literacy a staple in high schools within a year or two. In North Carolina, graduation requirements take effect in 2023.

Thirty-four states and the District of Columbia introduced bills addressing financial literacy in the 2021-22 legislative sessions, according to the National Conference of State Legislatures. Of these, about 20 focus on secondary schools.

The Kentucky and District of Columbia bills appear to take into account that student-athletes are now allowed to earn money for the use of their name, image or likeness. None of the measures require secondary schools to teach financial literacy. But the Kentucky bill, which the governor signed into law, requires colleges to set up financial literacy workshops for student-athletes. The DC bill would encourage colleges with student-athletes to teach financial literacy.

Last month, Republican Florida Governor Ron DeSantis signed a bill calling for students entering high school in the 2023-24 school year to take a financial literacy course as a condition of graduation. . The new law provides a half-credit course on personal money management, including how to open and use a bank account, the meaning of credit and credit scores, types of savings and investments and how to get a loan.

At a signing ceremony, DeSantis touted the law as something that “will help improve the ability of students in financial management, when they find themselves in the real world.”

Financial literacy is an issue that is remarkably bipartisan. Rhode Island Gov. Dan McKee, a Democrat, sounded a lot like DeSantis when he signed Rhode Island’s requirement for financial education in high schools last year.

“Financial literacy is key to a young person’s future success,” McKee said. “This legislation paves the way for our public high schools to provide young people with the skills they need to achieve their financial goals.”

Urban, from Montana, said state policies that require stand-alone financial literacy courses help students the most, especially if states set standards on what topics should be included in the curriculum. . Most courses last one semester.

Some states use materials provided by the nonprofit Next Gen Personal Finance, which offers a free study guide and classroom materials for teaching financial literacy, to help set the standards, while others have expanded units already included in economics, math, or social studies courses.

Next Gen’s free courses include tutorials for teachers, plus in-class study guides on topics like managing credit, opening checking and savings accounts, budgeting, paying for school academics, investing, paying taxes and developing consumer skills.

In a 2018 study, only a third of adults could answer at least four of five financial literacy questions on concepts such as mortgages, interest rates, inflation and risk, according to the Foundation for Financial Literacy. Financial Industry Regulatory Authority Investor Education. Financial literacy was lower among people of color and youth.

According to the Organization for Economic Co-operation and Development, about 16% of 15-year-old American students surveyed in 2018 did not meet the basic level of financial literacy skills.

But with a little education, those numbers can improve, according to Urban studies.

“The results are striking,” she said in a phone interview. “Credit scores go up and delinquency rates go down. If you’re a student borrower, you go from low to high interest, you don’t accumulate credit card debt, and you don’t use private loans, which are more expensive. Additionally, his research found that young people who have taken financial literacy courses are less likely to use expensive payday loans.

Even the teachers who run the classes tend to see an increase in their savings.

“If access remains limited – especially for students who have the most to gain from education – state policy may be the only option to ensure all students have access to personal finance before becoming financially independent,” Urban wrote in a 2022 study of high school personal finance courses.

The California Assembly Committee on Education unanimously approved a high school financial literacy bill last week. Committee chairman Patrick O’Donnell, a Democrat and former high school economics teacher, said financial concepts like individual retirement accounts, Roth IRAs, loan terms and other things are “difficult to understand… in their head”.

Educators need resources to teach these concepts, he said, noting that when he was a teacher he wrote his own course materials for teaching financial literacy.

The COVID-19 pandemic has underscored how few Americans are prepared for financial emergencies, giving new impetus to financial literacy requirements, according to John Pelletier, director of the Center for Financial Literacy at Champlain College in Vermont. “COVID woke people up,” he said in a phone interview.

He cited a 2020 Federal Reserve study that showed many Americans couldn’t come up with $2,000 in an emergency, and “it really hit home when people were forced off work. and collect a paycheck. If policymakers haven’t found a way to get money from people, we’re dealing with more than just paying the rent; we face hunger and homelessness.

Pelletier estimates that about 30% of public school children now have access to financial literacy classes.

But not all financial literacy bills made it through the legislative process. A bill in Wisconsin this year died after objections from the Wisconsin Association of School Boards.

Ben Niehaus, director of member services for the association, said his group agreed with the intent, but was concerned about the rapid one-year timeline and the possibility of “compromising elective choices”.

The bill’s sponsor, Republican State Rep. Alex Dallman, said in a phone interview that he hopes to reintroduce the bill next session, possibly with only a half-credit course. .

“In our current economy, we’re taking out massive loans, not paying them back, and we have to be smarter about how we handle money,” he said. He added that technical schools across the state like the idea of ​​teaching finance because it could lead more students to conclude they should forgo an expensive college education for a lucrative career in the trades.

But Niehaus said a financial literacy requirement could take time out of vocational electives, such as manufacturing courses, that many Wisconsin high schools have started offering.

“We try to add these experiences to meet the needs of the labor market with more than a high school diploma and less than a four-year diploma. There are only so many hours in a day,” Niehaus said.

“Yes, it’s important, but career and technology education is also important, and we think local school boards should decide.”

Stateline is a nonpartisan, nonprofit news service of Pew Charitable Trusts that provides daily reports and analysis on trends in state politics.

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Nike’s official Hello Kitty sneakers, released in May, are perfect

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Nike Hello Kitty

Picture: Nike

I have already written how I’m a big fan of Nike’s subtle “homages” to things they don’t hold the license for.the last example being a line of Prestos based on star wars characters like Boba Fett. These next Hello Kitty the sneakers, however, are the real deal.

These have been rumored for some time now and were first thought to be a long-awaited public release of the 2004 collaboration pictured belowwho were supposed to see a wider drop but ended up landing in the hands of a few dozen lucky friends and family members.

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

For those not into sneaker history, these shoes are a bit infamous! The peach/pink colorway above was designed by Fragment’s Hiroshi Fujiwara, while the black was worked by Steven Smith, the “godfather” of modern sneaker design, whose credits range from the Reebok InstaPump Fury to the Nike Zoom Air Spectrum to Adidas’ Yeezy line. There was two other planned colorways that never entered productionas Smith recalls in this 2018 report on Highsnobiety (disclaimer: I wrote for this site):

The Hello Kitty Air Presto was part of a project to celebrate the character’s 30th anniversary in 2004. Initially, according to Smith, the pack was supposed to get a limited but available release. But ultimately, only an estimated 12 pairs of each colorway made it to friends and family at Nike and Hello Kitty maker Sanrio. “I don’t know why they’ve become so limited,” Smith says. “The original plan was 500 of each style when the project was first presented to me.”

It might seem odd considering Hello Kitty’s target demographic, but Smith was the perfect candidate to design the shoe. “Marc Parker [now Nike CEO, then co-president] knew how much I loved Japan and Sanrio,” he says. “I would bring my Hello Kitty waffle maker and make everyone Hello Kitty head waffles once or twice a year just for fun. I brought my lunch every day in a Hello Kitty or Bad Badtz-Maru lunchbox. It just seemed natural to me to work on the special project for Hello Kitty’s birthday.

Those rumors turned out to be a little wrong, however, as the first images of an officially licensed collab from 2022 emerged this week, and they feature a new design, with a blue colorway and, cutest of all, a custom heel cup that features Hello Kitty’s trademark face and bow.

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

In addition to shoes, there will also be a clothing linewith shirts like this:

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

The whole line is set to drop on May 2.

UPDATE May 3: The shoes and accompanying clothing line are actually releasing on May 27, not May 2 as originally announced. In the meantime, Nike has released official images of the shoe (and its smaller sizes) and apparel, which feature t-matching shirts, hoodies and sweatpants.

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Image for article titled Nike's Official Hello Kitty Sneakers Are Perfect [Update: Clothes Too]

Picture: Nike

Nike continues to handle Kobe Bryant’s shoe drops in the worst way possible

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Missing out on popular shoes has never been a new phenomenon. When the latest Jordans, Kobes, Iversons or whatever dropped, it was kind of known you had to act fast or feel left out because all your friends had to wear them. Yes, it was frustrating, but the process at least felt a bit fair.

At some point, however, this shifted to whatever is happening now, where so many consumers become apathetic as any new release is touted for its exclusivity as to whether the shoe is even nice or not. To discuss this transition and what looks like a genuinely flawed system, I welcome ForTheWin’s Michael Sykes and his own “The Kicks You Wear” substack to this week’s episode of “The Anthony Irwin Show”.

Over the weekend, Nike kicked off the next era of their relationship with the Bryant estate with the release of the “Mambacita Sweet 16” to honor Gianna Bryant on what would have been her 16th birthday. Pretty cool if that’s literally all you’ve read about the situation.

As it became their MO, however, Nike released far too few shoes, played favorites with those who had a chance of buying said shoes, and the only people who walked away happily were the secondary sellers who benefited from the death of a father. and her teenage daughter. Solid work all around, Nike.

This practice has become so commonplace that in many ways shoe culture as we once knew it has died out and countless potential consumers have become apathetic enough not to even try this latest version.

Power dynamics seem out of whack as, rather than the market dictating what’s cool, retailers are pumping money into hype schemes that coerce people into buying shoes they might not even like. or, hilariously, sometimes they can’t even fit because the only sizes available have no chance of fitting.

Mike – who wrote how this last drop went on his substack – and discussed that debacle, as well as whether shoe culture can be fixed, and how he’s watched Russell Westbrook and the Lakers from afar this season and many more .

You can listen to all of this and more on our latest episode in the embedded player below, and to make sure you don’t miss a single one in the future, subscribe to the Silver Screen and Roll podcast stream at itunes, Spotify, embroiderer or Google Podcasts.

And for an abbreviated summary, see Lakers Lowdown, in which Anthony Irwin recaps the news from the night before and gets you ready for the day at LakerLand, every weekday morning on the Silver Screen & Roll Podcast Stream.

Credello: how do easy payday loans work?

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NEW YORK – May 2, 2022 – (

Newswire.com

)

You’ve probably seen ads for payday loans that say they’re easy to get. There are TV commercials and even billboards advertising them. However, you may not know what an easy payday loan is, how you can go about getting one, or how to get out of it. We’ll talk about it now.

What is an easy personal loan?

An easy payday loan is a loan that is meant to tide you over until payday. The idea is that you can get quick and easy cash to pay your bills and then repay the loan once you get paid. To get one, you can go through a payday lender.

These entities usually make it easier to get approved and transfer your funds. If you’re not sure if you should go ahead, you can also use a tool like a personal loan calculator to determine if this is the best option for you.

Is this a smart decision?

If you need cash until payday, a payday loan can be a tempting option. The thing to keep in mind is that with these loans you will usually pay a higher interest rate than with any other type of loan.

The reason lenders can get away with these higher interest rates is because of lower credit standards and convenience. You shouldn’t necessarily let the rates keep you from getting this type of loan, but you should be aware of how the system works. High interest rates can trap people in a payday loan cycle, where they need loan after loan to get by.

How do you get one of these loans?

If you know how one of these loans works and you still want one, you can search online for entities that will lend to you. You won’t need a great credit rating, and sometimes you might not even have to submit to a credit check.

You will need to fill out a form where you will tell the lending entity your name, address, income, and a few other details. Then you can wait for approval. These companies will usually let you know if you’ve been approved fairly quickly.

If the lender accepts the form, they will then transfer the money to you. If you have a bank account, you can get the money deposited within one business day.

Other details

You should know that you will have to repay the loan quite quickly. Usually, the lending entity will want this money back within 14 to 21 days. You can usually get a loan for an amount ranging from $100 to $1,000.

You can also spend money on almost anything. That’s one thing that makes these loans so appealing: they don’t come with the restrictions that can apply to other types of loans. You could spend the money on unexpected bills, car repairs, emergency medical care, rent, groceries, etc.

This type of loan could be for you

If you need some cash until payday, an easy payday loan might be a viable option for you. You can get one if you don’t have great credit, as many lenders won’t even do a credit check. Payday lenders are more lenient with their terms because they charge a higher interest rate.

Typically, to get a personal loan, you find a loan with acceptable rates, then fill out an online form. It shouldn’t take long for the lender to get back to you and let you know if you qualify. If they say yes, you can expect that money to be deposited into your account within one business day.

If you need cash quickly for some short-term expenses, this might be a suitable way to get it if you don’t mind paying a higher interest rate than you would with other types of loans.

Press Release Service by

Newswire.com

Primary source:

Credello: how do easy payday loans work?

Nike Air Force 1 Low Next Nature “White/University Red” DN1430-102

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As NIKE, Inc. continues to innovate on the sustainability front (i.e. the Nike ISPA), the Oregon-based conglomerate brings new discoveries to an old product. Example ? : The Nike Air Force 1 Low “Next Nature”.

In terms of color scheme, the newly redone pair brings nothing new to the heritage of the Swoosh shoes, with a predominantly “White” ensemble paired with “University Red” accents throughout the upper. Profile swooshes and Achilles heel panels opt for a splash of ruby ​​color, while their surroundings keep things simple and close to the original shape. Lace linings and “NIKE AIR” logos on the top of the tongue also introduce some contrast into the mix, but none like the neon green sock liners that confirm the Air Force 1’s partially recycled construction. underfoot favor a “colorless” arrangement that allows the “University Red” flavor to revel even more in the spotlight, while benefiting from recycled material without sacrificing performance.

Enjoy official images of the pair ahead and anticipate a Nike.com launch tomorrow, May 1st.

In sneaker news, the Air Jordan 1 has recently appeared in a handful of new styles.

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

Nike Air Force 1 Next Nature “White/University Red”
Release date: 2022
Colour: White/University Red

Men: N/A
Model Code: DN1430-102

LA Lakers News Roundup: Kobe Bryant’s Sneaker Line Continues To Dominate NBA More Than After His Untimely Death; LeBron James invests in Neutral Foods, joining other NBA stars as stakeholders and more

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The spirit of LA Lakers icon Kobe Bryant lives on strong in the NBA. Nearly 300 players wore at least one model from the “Black Mamba’s” signature line. The unwavering popularity of Bryant’s sneakers is just proof of the impact and influence he left on the basketball world.

LeBron James’ portfolio of activities continues to grow even as he enjoys the sun and the beach in the Maldives. The LA Lakers franchise player recently joined Tobias Harris and Kevin Love as investors in Neutral Foods, the nation’s first carbon-neutral food company.

Rob Pelinka and the LA Lakers front office will take a different approach in the search for Frank Vogel’s replacement. The innovative idea is supposed to provide them with a faster and more comprehensive process than how the NBA conducts practice interviews.


Kobe Bryant’s legacy is going nowhere

KB24's basketball shoe lines are the best draws in the NBA. [Photo: Complex]
KB24’s basketball shoe lines are the best in the NBA. [Photo: Complex]

The fate of his signature shoes simmered under the gloom of Kobe Bryant‘s death. Basketball plans and players alike were rightly afraid that they would no longer be able to enjoy one of the most iconic and sought after sneaker lines.

It wasn’t until Nike and the Bryant estate managed to resolve their differences that the sneaker world breathed a sigh of relief. Long before the deal was done, Kobe Bryant’s shoes were an NBA staple.

Over the past year, amid contract renegotiations with his estate, @KobeBryantThe Nikes have dominated the NBA – 7,097 total pairs worn – 274 players have worn the pair at least once – The most worn sneaker in the league (Kobe 6)@NickDePaula & I on the beloved line: undf.td/38tZNCh https://t.co/9OuKv1M1Sl

Nike recently released the Nike Kobe 6 Protro ‘Mambacita’. A year ago, the shoe was released by Swoosh without approval from the Bryant estate. It is one of the most anticipated models to arrive this year.

Jayson Tatum added some glamor to Game 4 of the Boston Celtics vs Brooklyn Nets game by wearing a custom Kobe Bryant sneaker. It had gold-colored script reminiscent of Bryant’s words to Tatum:

“How much does this mean to you?

“One of the many things I learned from [Kobe] who has always marked me, he just asked me one day: ‘What does this mean to you?’ And that puts things into perspective. You know, what does it mean to be awesome or to be a champion or whatever, what does that mean? https://t.co/CHHbhT5Kfb


LeBron James expands business by investing in Neutral Foods

LeBron James is one of the biggest names investing in neutral foods. [Photo: Lake Show Life]
LeBron James is one of the biggest names investing in neutral foods. [Photo: Lake Show Life]

Neutral Foods is endorsed by Dallas Mavericks owner Mark Cuban and famed businessman Bill Gates. The company is supposed to be the first in the United States to use carbon-neutral food production. Helping farmers and the amount of carbon dioxide in the atmosphere are two of the company’s biggest goals.

The LA Lakers superstar joins a long list of famous actors in the business. Tobias Harris of the Philadelphia 76ers, Kevin Love of the Cleveland Cavaliers, Grammy winner John Legend and model Emily Ratajkowski.

LeBron James may be out of the playoffs, but he’s not stopping his efforts off the court. Prior to the Neutral Foods investment, he also worked with Crypto.com to provide better education for the people of Akron, Ohio.

If the successful business ventures of “King James” reflect on the upcoming LA Lakers campaign, the NBA better watch out.


LA Lakers management will try a different approach to determining their next head coaching hire

Hiring the right head coach will be crucial for the LA Lakers'  success next season. [Photo: Fadeaway World]
Hiring the right head coach will be crucial to the LA Lakers’ success next season. [Photo: Fadeaway World]

Former head coach Frank Vogel was most blamed along with Russell Westbrook for the Lakers’ epic failure this season.

Choosing his replacement to lead the Hollywood team next year will be crucial. Rob Pelinka and his team will use a different approach to successfully complete this very important process.

Adrian Wojnarowski reported on what the LA Lakers will do with their coaching search:

“Typically, teams will ask permission on maybe up to a dozen candidates – a large number, will start interviewing them one after another, sometimes do two or three a day on Zoom, bring them in person . The Lakers, what I’ve been told they’re going to do is basically ask permission from a few guys at a time, talk to these coaches, think about it and then move on to a next twosome, maybe be three. ”

Team manager Rob Pelinka has previously pointed out that a coach with the “voice” the Lakers respect will be a big part of the search. It remains to be seen how this approach will benefit the LA Lakers.


Edited by Sankalp Srivastava

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COVID woes prompt more states to require financial literacy courses | Education

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Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has revealed how many American adults are living on the financial edge, has spurred ongoing efforts to make financial literacy classes a school requirement.

Seven states now require a stand-alone financial literacy course as a high school graduation requirement, and five more state requirements come into effect within the next year or two. About 25 warrants at least some financial training, sometimes as part of an existing course. This year, about 20 other states have considered establishing or expanding similar rules.

Opponents of state mandates say the requirements, while laudable, may encroach on the limited time available for other high school electives and would impose costly demands on teacher training or hiring.

Nevertheless, financial literacy courses are gaining ground.

“I think there’s a lot of momentum now; many more states have legislation pending,” said Carly Urban, an economics professor at Montana State University who has studied financial literacy. In seven states — Alabama, Iowa, Missouri, Mississippi, Tennessee, Utah and Virginia — “almost all schools require it,” she said, though some graduation prerequisites don’t come into play. force only in 2023.

Over the past two years, Nebraska, Ohio, Rhode Island, and most recently Florida have passed laws making financial literacy a staple in high schools within a year or two. In North Carolina, graduation requirements take effect in 2023.

Thirty-four states and the District of Columbia introduced bills addressing financial literacy in the 2021-22 legislative sessions, according to the National Conference of State Legislatures. Of these, about 20 focus on secondary schools.

The Kentucky and District of Columbia bills appear to take into account that student-athletes are now allowed to earn money for the use of their name, image or likeness. None of the measures require secondary schools to teach financial literacy. But the Kentucky bill, which the governor signed into law, requires colleges to set up financial literacy workshops for student-athletes. The DC bill would encourage colleges with student-athletes to teach financial literacy.

Last month, Republican Florida Governor Ron DeSantis signed a bill calling for students entering high school in the 2023-24 school year to take a financial literacy course as a condition of graduation. . The new law provides a half-credit course on personal money management, including how to open and use a bank account, the meaning of credit and credit scores, types of savings and investments and how to get a loan.

At a signing ceremony, DeSantis touted the law as something that “will help improve the ability of students in financial management, when they find themselves in the real world.”

Financial literacy is an issue that is remarkably bipartisan. Rhode Island Gov. Dan McKee, a Democrat, sounded a lot like DeSantis when he signed Rhode Island’s requirement for financial education in high schools last year.

“Financial literacy is key to a young person’s future success,” McKee said. “This legislation paves the way for our public high schools to provide young people with the skills they need to achieve their financial goals.”

Urban, from Montana, said state policies that require stand-alone financial literacy courses help students the most, especially if states set standards on what topics should be included in the curriculum. . Most courses last one semester.

Some states are using materials provided by the nonprofit Next Gen Personal Finance — which offers a free study guide and educational materials for teaching financial literacy — to help set the standards, while d Others have expanded units already included in economics, math, or social studies courses.

Next Gen’s free courses include tutorials for teachers, plus in-class study guides on topics like managing credit, opening checking and savings accounts, budgeting, paying for school academics, investing, paying taxes and developing consumer skills.

In a 2018 study, only a third of adults could answer at least four of five financial literacy questions on concepts such as mortgages, interest rates, inflation and risk, according to the Foundation for Financial Literacy. Financial Industry Regulatory Authority Investor Education. Financial literacy was lower among people of color and youth.

According to the Organization for Economic Co-operation and Development, about 16% of 15-year-old American students surveyed in 2018 did not meet the basic level of financial literacy skills.

But with a little education, those numbers can improve, according to Urban studies.

“The results are striking,” she said in a phone interview. “Credit scores go up and delinquency rates go down. If you’re a student borrower, you go from low to high interest, you don’t accumulate credit card debt, and you don’t use private loans, which are more expensive. Additionally, his research found that young people who have taken financial literacy courses are less likely to use expensive payday loans.

Even the teachers who run the classes tend to see an increase in their savings.

“If access remains limited – especially for students who have the most to gain from education – state policy may be the only option to ensure all students have access to personal finance before becoming financially independent,” Urban wrote in a 2022 study of the high school personal finance course.

The California Assembly Committee on Education unanimously approved a high school financial literacy bill last week. Committee chairman Patrick O’Donnell, a Democrat and former high school economics teacher, said financial concepts like individual retirement accounts, Roth IRAs, loan terms and other things are “difficult to understand… in their head”.

Educators need resources to teach these concepts, he said, noting that when he was a teacher he wrote his own course materials for teaching financial literacy.

The COVID-19 pandemic has underscored how few Americans are prepared for financial emergencies, giving new impetus to financial literacy requirements, according to John Pelletier, director of the Center for Financial Literacy at Champlain College in Vermont. “COVID woke people up,” he said in a phone interview.

He cited a 2020 Federal Reserve study that showed many Americans couldn’t come up with $2,000 in an emergency, and “it really hit home when people were forced off work. and collect a paycheck. If policymakers haven’t found a way to get money from people, we’re dealing with more than just paying the rent; we face hunger and homelessness.

Pelletier estimates that about 30% of public school children now have access to financial literacy classes.

But not all financial literacy bills made it through the legislative process. A bill in Wisconsin this year died after objections from the Wisconsin Association of School Boards.

Ben Niehaus, director of member services for the association, said his group agreed with the intent, but was concerned about the rapid one-year timeline and the possibility of “compromising elective choices”.

The bill’s sponsor, Republican State Rep. Alex Dallman, said in a phone interview that he hopes to reintroduce the bill next session, possibly with only a half-credit course. .

“In our current economy, we’re taking out massive loans, not paying them back, and we have to be smarter about how we handle money,” he said. He added that technical schools across the state like the idea of ​​teaching finance because it could lead more students to conclude they should forgo an expensive college education for a lucrative career in the trades.

But Niehaus said a financial literacy requirement could take time out of vocational electives, such as manufacturing courses, that many Wisconsin high schools have started offering.

“We try to add these experiences to meet the needs of the labor market with more than a high school diploma and less than a four-year diploma. There are only so many hours in a day,” Niehaus said.

“Yes, it’s important, but career and technology education is also important, and we think local school boards should decide.”

Distributed by Tribune Content Agency, LLC.

Nike, Air Jordan, Adidas release dates: April top drops, price guide, Yeezy 350 V2

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We are closing the month of April with a bang, starting with Monday’s fall from Billie Eilish Air Force 1 then moving on to a Packer collab on the Reebok Answer IV, the “Navy” Air Jordan 13 that looks a lot like the OG Air Jordan 13 lows from 1998 and the annual Doernbecher capsule.

For those who don’t know, every year Nike gives young patients at Doernbecher Children’s Hospital in Oregon the chance to design their own shoe. Proceeds from the sale of these shoes benefit Doernbecher Children’s Hospital. This year’s collection includes versions of the Air Jordan 5 Low, Nike Dunk Low, and Air Force 1, among others.

And the biggest news of all came in the form of the announcement that the Kobe 6 Protro “Mambacita Sweet 16” would be released on May 1st.

It should be noted that these releases are all subject to change, as over the past few years release dates have been changed frequently and without notice.

Keep checking back each week for the new weekly posting schedule which will be updated as needed.

If you have any questions or just want to talk about sneakers hit me up on Twitter – my username is @a_silva32. Good luck if you are looking for any of these popular builds for sure!

Sneaker release schedule from April 24 to May 1

eBay UK’s ‘Imparfaits’ marketplace gives imperfect fashion items a second chance

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The platform offers items from more than 100 top and high-end designers with up to 60% off. All items are considered brand new, but have minor defects that would prevent brands from selling them in stores at full retail price.

Ebay UK threw
Imperfect – a marketplace for clothing brands to sell clothes, shoes and accessories with minor defects at discounted prices, to keep previously “unsellable” items out of the landfill.

The platform features items from over 100 high street and high end designers including adidas, fila, Gucci, Nike, The north face, White, Puma, Saint Laurent, Stella McCartney and Timberland – up to 60% off. All items are considered brand new but have minor flaws such as a small scuff, missing button or loose thread – or even referred to as “imperfect” because they have been used for display purposes.

Items come direct from the factory with flaws, while others simply do not meet manufacturers’ strict quality standards. For buyers, any imperfections are clearly labeled in the listing with accompanying photos.

“With growing financial pressures and the climate crisis continuing to be at the forefront of consumers’ minds, we are proud to launch Imperfects as another avenue to help keep fashion items out of landfills,” said
Jemma Tadd, Head of Fashion for eBay UK. “It’s often the fashion items that may not have been ‘cut’ and failed quality assurance checks [that end up in
landfill]. As a result, customers would not have had the opportunity to purchase the items.

eBay world 2022 Retrade Report

found that while financial reasons remain the primary motivation for purchasing resale items, 42% of eBay customers also cited environmental concerns and the hope of reducing waste. And new market data shows UK shoppers are growing more aware – searches for ‘second-hand clothes’ jumped nine-fold last year and searches for ‘second-hand dresses’ rose by 156 %.

Simon Payneco-founder of eBay UK seller Sole liability, added, “Imperfect clothes, even though they may not be able to be sold at retail price by brands, still deserve a place in someone’s wardrobe. eBay’s new online destination will continue to prevent thousands of high-quality fashion items from going to waste too soon and help the conscious consumer get their hands on in-demand brands.

The resale industry is growing steadily as consumer values ​​and environmental ideals align – thredUPit is Resale Report 2021

estimates that the second-hand clothing market will double in the next 5 years, reaching $77 billion. As a result, more and more brands are looking to get involved and platforms are vying for market share.

Conscious consumer demand is one thing that is fueling retailer adoption of resale and take-back programs: Patagonia has long been a leader in encouraging more circular consumption, urging customers not to buy anything from its stores if they don’t really need to; and launch Worn wear
— its repair, return and resale platform — in 2013. More recently, companies like
Levi’sThe north side,
Arc’teryx, REI, Eileen Fisher,
CS,
Madewell and others have followed suit with their own repair and resale programs – joining the ranks of UK and European companies such as
barbour,
mud jeans, High Denim
and John Nudie.

Rent the track recently joined thredUP as a full-fledged resale site, increasing thrift stores’ access to previously hard-to-find second-hand luxury items. And last month, Communal changing room acquired Trade to create a resale monopoly that spans several continents. Combined, the two will have 23 million members, with 5 million items for sale, representing $1 billion in gross merchandise value.

How To Buy Nike Kobe 6 Mambacita

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After the official images of the Nike Kobe 6 Protro “Mambacita”, a release was expected to arrive soon. Today, Nike SNKRS reveals official details for Kobe’s first release since Vanessa Bryant announced her late husband’s estate would be renewing their partnership with Nike.

The Mambacita Kobe will be released in two ways: First, it will be released via Nike SNKRS Exclusive Access on May 1 – the date of Gigi Bryant’s Sweet 16 Birthday. Select the Nike members who “…embodied the Mamba Mentality from the start and the young hoopers who furthered Gigi’s love for the game…”. We assume this condition defines those who have purchased Nike Kobe products in the past, or engaged with Kobe content on the SNKRS app.

The Kobe 6 Mambacita will also be released via SNKRS Pass in the Los Angeles area starting today (April 29). Those in the area will have access to the raffle type entry for a chance to purchase the shoes. The draw window will open at a random time on April 29, with pickups available on May 1.

Select LA-area stores will release the shoes via their own sweepstakes; see the list of stores below.

Proceeds from the sale of the Kobe 6 Protro ‘Mambacita Sweet 16’ will be donated to the Mamba & Mambacita Sports Foundation.

Update: The Nike SNKRS Pass is scheduled for 4:00 PM EST at Santa Monica, The Grove, Watts, East LA and 5:00 PM EST for Undefeated stores.

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

Nike Zoom Kobe 6 Protro “Mambacita”
Release date: May 1, 2022 (Sunday)
Color: N/A

Men: $180
Style Code: CW2190-002

after the marketAvailable now

North AmericaMay 1, 2022 (Sunday)

Lakers guard Austin Reaves signs deal with Chinese sneaker company

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Los Angeles Lakers guard Austin Reaves may still have a ways to go before he realizes his potential as a professional basketball player, but he’s already getting noticed.

In fact, he just signed a pretty lucrative sneaker deal.

Buy Lakers Tickets

Was it with Nike, Converse, Adidas or Under Armour? No.

The rookie has signed a deal with Rigorer, a China-based company that describes itself as a “sporting goods brand specializing in basketball products and offering a wide range of protective gear.”

While Rigorer may not be a top sneaker company, it’s still an achievement for an undrafted player who wasn’t supposed to become a rotational player in the NBA.

Some of Reaves’ fellow Lakers have displayed their excitement for his new contract on social media.

This shows observers the power of the Lakers brand, which is still the biggest and most famous in the world, thanks to its 17 NBA World Championships and its iconic players such as LeBron James, Magic Johnson, Shaquille O’Neal and Kobe. Bryant. .

Bryant, of course, was an extremely famous and beloved figure in China during his playing days and helped popularize the sport of basketball in this country.

Air Jordan 1 Low OG “Bleached Coral”

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The Air Jordan 1 Low OG has not been permanently introduced to the brand’s product line, favoring rare and special appearances from time to time. With the upcoming ‘Bleached Coral’, ‘Grey Fog’, ‘White’ and ‘Black’ color set, it looks like Team Jumpman is trying to offer the original trim of the Air Jordan Shorts away from limited and high-profile collaborations. .

Dubbed the “Stage Haze” pair by some netizens, the upcoming sneakers indulge in a heritage-inspired “Black Toe” look, though the toe boxes ditch the clean “White” panels in favor of an eye-catching pink. . Leather material around the forefoot and along the tongue also promotes a “cracked” aesthetic, a departure from the slick arrangements that have appeared on the majority of Air Jordan 1 variants before it. Overlays around the heel replace leather constructions with suede constructions, providing a high-quality aesthetic to the latest basketball sneaker style. The 37-year-old Peter Moore’s design also features the “Wings” emblem in the appropriate place, while “NIKE AIR” branding replaces the Jumpman logos on the top of the tongue and sock liners, clues that only appear on the “OG” of the silhouette. iteration.

A Nike SNKRS the launch date has not been confirmed by the brand, but rumors suggest the retro low will drop on June 17th. Either way, keep it locked here and enjoy the images of the pair ahead, courtesy of the Instagram user @zSneakerHeadz.

For more swoosh branded shoes, check out the Nike Kobe 6 Protro “Mambacita” which is expected to launch soon.

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

Air Jordan 1 Low OG “Bleached Coral”
Release date: 2022
Color: Black/Bleached Coral/White.

Men: $130
Style Code: N/A

“Buy now, pay later” plans come with pricey catches

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Buy Now, Pay Later (BNPL) plans are increasingly being offered as a convenient credit alternative that allows purchases to be made in installments, typically four payments over six weeks. The so-called “fintech” (financial technology) companies that offer these plans often advertise them as offering consumers interest-free payments without impacting credit scores.

But consumer groups and economic justice organizations point out that these financial products that already reach 8.42 million consumers may be just another explosive form of predatory lending that exploits unsuspecting consumers through a lack of transparency that usually leads to confusion about the true terms and consequences that come with the product. Without effective regulation, millions more consumers could be financially duped by the BNPL.

Consumers can use BNPL offers from companies such as Affirm, Klarna, PayPal Pay in 4 and Sizzle, as well as others at physical stores like Macy’s, Footlocker, Target and Walmart, and online retailers like Amazon.

BNPL purchases require direct debit or credit card charges. Since each BNPL purchase comes with its own set of payment due dates – unlike the fixed payment date of a credit card bill – these ongoing deductions can easily result in additional bank charges for consumers in case of insufficient funds and overdrafts. And many BNPL transactions do not automatically come with the product return and/or fraud protections offered by credit cards. Instead, these credit terms are currently at the discretion of BNPL’s suppliers. As a result, consumers may find themselves without merchandise, while their money is still taken from debit or credit card accounts.

Complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau noted several consumer issues, including lack of information about initiating disputes, delays in receiving refunds, and continued demand for refunds BNPL lenders.

Last November, Marisabel Torres, California policy director for the Center for Responsible Lending, told Congress that BNPL loans are generally designed to avoid coverage under the Truth in Lending Act (TILA).

“This law excludes from the definition of “creditor” anyone who grants a credit which does not require a financial charge and is repayable in four installments or less…. The fact that this is a “free credit” product begs the question: what is the problem? Torres said. “It turns out there are a number of captures – some demonstrable, some potential – that require regulatory attention and response.”

Advocates say many adverse effects could be avoided if BNPL lenders were required to verify a consumer’s ability to repay before the first loan is made. Instead, as with payday loans, each billing cycle tends to worsen, rather than improve, the borrower’s financial situation, dragging them deeper into the debt trap.

Just a month later, in December 2021, consumer and economic justice advocates applauded the CFPB when it announced it would open an investigation into the BNPL’s big lenders.

“By opening this investigation, the Office of Consumer Affairs is taking an important first step in understanding this industry and preventing harm to consumers,” said CRL’s Torres.

Without vigilant oversight and proper regulation, warn Torres and other advocates, products promising to promote financial inclusion could instead exacerbate financial exclusion.

Last March, a coalition of 77 organizations representing national consumer organizations and advocates from 16 states and the District of Columbia sent a letter urging the CFPB to treat BNPL as a form of credit and subject lenders offering the products to regulation under appropriate consumer financial protection laws. like TILA. This law requires responsible underwriting, disclosure of fees, and the ability to dispute billed items.

Without regulation, the growing use of BNPL could lead to further financial harm for consumers, especially those with the least financial resources.

Charlene Crowell is a senior researcher at the Center for Responsible Lending.

Comparison of States with Highest and Lowest Levels of Personal Debt and Income

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Comparison of States with Highest and Lowest Levels of Personal Debt and Income

Americans collectively owe more than $15.3 trillion in personal debt, accumulated by financing homes and cars, taking out loans to attend college, or simply using credit cards. However, debt is not necessarily a sign that borrowers are living beyond their means or buying irresponsibly. It is often used as a tool to achieve financial goals that can have long-term benefits, such as buying a home to build capital over many years. Each state’s debt and income profiles vary widely when factors such as housing prices, cost of living and economic opportunity are taken into account.

Although not a factor in credit scores, lenders consider an applicant’s balance of debt and personal income when deciding whether to approve credit applications and when they set account terms, such as interest rates. The more your income is used to pay off debt, the harder it can be to get approved.

Experian compared data from its consumer credit database with statistics from the Bureau of Economic Analysis (BEA) to calculate the states with the highest and lowest personal debt ratios. Average personal income figures are from BEA, while personal debt balances are derived from Experian’s consumer credit database as of the third quarter (Q3) of 2021, and wages are used to contextualize the debt profile of each State.

However, many factors come into play when examining debt profiles, and not all of them can be included in this analysis. For example, the…

Athletics Market Forecast to 2028

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New York, April 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Athleisure Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type, Category, Distribution Channel, and Geography” – https:// www.reportlinker.com/p06269977/?utm_source=GNW
These clothes and shoes can also be worn as casual wear in the workplace or at social events.

Based on type, the athleisure market is segmented into top, bottom, footwear, and others. In 2020, the bottoms segment dominated the market, while the footwear segment is expected to register the highest CAGR in the sports leisure market over the forecast period.

The athleisure market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), South & Central America (SCAM), and Middle East & Africa (MEA). In 2020, North America dominated the global athleisure market.

The growing fitness and health trend is generating a demand for comfortable and fashionable sportswear. Additionally, several manufacturers focus on specific sportswear product categories and offer custom-tailored gear that best suits individuals.

The growing participation of female workers in sports and fitness activities in the region is expected to drive the market over the forecast period. The e-commerce industry in North America is on the rise and consumers are buying more and more products from online retail channels.

According to data from the Census Bureau of the Department of Commerce, e-commerce sales in the United States increased by 9.4% (±0.9%) from Q4 2020 to Q4 2021. The rapid penetration of e-commerce in the region holds growth opportunities for athleisure manufacturers as it helps them cater to a wider customer base. Additionally, the growing influence of lifestyle blogs and celebrity endorsements in marketing sporting goods to a wider customer base is driving the market progress in the region. Europe ranked third, in terms of share, in the athleisure market in 2020. Growing health and fitness awareness among European consumers is driving apparel and equipment sales sport. Athleisure is gaining popularity in Europe due to the societal trend towards healthier and more active lifestyles among all age groups, and the growing popularity of sportswear worn as casual wear.

Many industries, such as the consumer goods industry, have faced unprecedented challenges due to the COVID-19 pandemic. Raw material and labor shortages, plant closures, and other operational difficulties under COVID-19 safety protocols have hurt the athleisure market.

Lockdown restrictions have heavily impacted athleisure supply and production, restraining market growth. These restrictions have also led to the temporary closure of sports and wellness facilities, such as gyms, during the COVID-19 pandemic.

In addition, the closure of distribution facilities such as supermarkets, hypermarkets and specialty stores has limited consumer access to sports leisure products. However, the successful implementation of vaccination campaigns has mitigated the troublesome scenario by bolstering the restoration efforts of people and businesses.

Economies are reviving and the demand for athleisure is expected to increase globally in the coming years. Major manufacturers have started to resume operations. Additionally, an increase in e-commerce activities during the COVID-19 pandemic has had a positive impact on the athleisure market. Along with this, Sweaty Betty, a women’s activewear brand, reported a 60% increase in sales due to increased consumer investment in activewear in 2020.

Adidas S.A.; Asics; Athlete LLC; Authentic brand group; Columbia sportswear company; Hennes and Mauritz AB; Lululemon Athletica; Nike, Inc.; Puma SE; and Under Armor Inc. are among the major players in the athleisure market. These companies adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and consumer bases.

The overall sports leisure market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Additionally, several primary interviews were conducted with industry participants to validate the data and gain more analytical insights. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as evaluation, research analysts and key opinion leaders, specializing in the athleisure market.
Read the full report: https://www.reportlinker.com/p06269977/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________


        

Sportswear and Footwear Wholesale Market Size, Outlook and Forecast

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New Jersey, United States – the Sportswear and footwear wholesale market The research report offers complete coverage of the Sportswear and Footwear Wholesale Market over the forecast period 2022-2029. It provides historical, current and future market trends to help develop a robust market strategy. Additionally, it provides value chain analysis, key drivers and challenges, and includes upcoming opportunities in the Wholesale Sportswear and Footwear market which will enable the business success.

The Wholesale Sportswear and Footwear market report provides an in-depth analysis of global market size, regional and country level market size, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global market players, value chain optimization. , trade regulations, recent developments, opportunity analysis, strategic market growth analysis, product launches, regional market expansion and technological innovations.

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Key Players Mentioned in the Sportswear and Footwear Wholesale Market Research Report:

Nike, Adidas, Under Armour, VF

This comprehensive report on the Sportswear and Footwear Wholesale Market helps to determine the gaps and problems faced by the dominant or new companies. It also provides information about the potential impact of the existing COVID-19 on the market scenario. Wholesale Sportswear and Footwear market is split by Type and by Application. For the period 2018-2027, the growth between segments provides accurate calculations and forecasts of sales by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Global Sportswear and Footwear Wholesale Market Segmentation:

By Product Type, the market is primarily split into:

• Working
• Water workouts
• Team sports
• Training in the gym
• Others

By application, this report covers the following segments:

• Global sportswear and footwear wholesale market share by end user: 2016 VS 2021 VS 2027
• Men
• Women

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Scope of the Sportswear and Footwear Wholesale Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Geographic segment covered in the report:

The Wholesale Sportswear report provides information on the market area, which is sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and rest of Latin America)
• Middle East and Africa (GCC and Rest of Middle East and Africa)

Key questions answered in this Sportswear and Footwear Wholesale Market report

  1. How much revenue will the Wholesale Sportswear Market generate by the end of the forecast period?
  2. Which market segment is expected to have the maximum market share?
  3. What are the influencing factors and their impact on the Wholesale Sportswear and Footwear market?
  4. Which regions are currently contributing the maximum share of the global Wholesale Sportswear & Footwear market?
  5. Which indicators are likely to drive the Sportswear and Footwear wholesale market?
  6. What are the main strategies of the main players of the Wholesale Sportswear and Footwear market to expand their geographical presence?
  7. What are the key advancements in the Sportswear and Footwear Wholesale market?
  8. How do regulatory standards affect the athletic apparel and footwear wholesale market?

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Visualize the sportswear and footwear wholesale market using [email protected] https://www.verifiedmarketresearch.com/vmintelligence/

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Give credit where it’s due

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The inequality is clear: While only 1 in 19 white Americans has a credit score of 620 or lower – a level considered high-risk by most lenders – 1 in 5 black Americans do.

The reasons for these disparities are complex, but they stem from discriminatory policies dating back to before the founding of the nation that denied black Americans access to wealth-generating assets.

“Credit scores are the perfect example of how structural racism works,” says Chi Chi Wu, an attorney at the National Consumer Law Center and author of “Reparations, Race, and Reputation in Credit: Rethinking the Relationship Between Credit Scores and Reports with black communities.

“You start with black consumers who were denied their human rights and economic rights during slavery and redlining and Jim Crow with legalized discrimination,” says Wu. “Then you deprive their communities of assets. This affects the economic position of these communities, and this is reflected in credit ratings.

With credit scoring, a system developed in the 1970s and implemented in the 1980s ostensibly as a neutral way to assess creditworthiness, its impact on the racial wealth gap is crystal clear. Black Americans are more likely to have a negative payment history against them in credit scoring and much less likely to experience positive benefits from the type of payments they are most likely to make, such as rent and public services. And the credit bureaus don’t have to give a reason.

H. Hopp-Bruce/The Emancipator/Nadia Snopek/Adobe

These factors drive some Black Americans out of traditional credit markets, steering them toward less stable forms of credit, such as check cashing, payday loans, rent-to-own systems, and secured credit cards. . These often come with usurious interest rates and exorbitant fees that make borrowers more likely to default, further damaging their credit.

The system discourages some black Americans from trying to access credit markets for fear of being rejected or subjected to predatory conditions. Black Americans are much more likely to be credit blind, with little or no credit history. While only 9% of white Americans fall into this category, 15% of black Americans do.

Credit-Invisible Americans primarily use cash, viewing it as safer than banking, and even promoting the idea among black consumers that paying cash is a virtue.

In addition to the 15% of black Americans who are invisible to credit, an additional 13% have a credit history that does not show up in credit scores, compared to 7% of white Americans, according to data from the Consumer Financial Protection Bureau.

Rep. Ayanna Pressey’s (D-MA) recent push to reform credit reporting practices comes not just from policy documents and data that show the stranglehold these practices place on Americans, especially people of color. On this question, she brings her lived experiences to bear.

“In full disclosure, I am a black woman, growing up in America, who was raised in a red light district,” Pressley said during a congressional hearing last July. “While I was working as a full-time unpaid intern in Congress, working three part-time jobs, collecting various money orders to pay rent, to pay utilities, I cashed my check at a check cashing establishment . And I did it because that’s what I grew up close to.

She says her family “took great pride” in buying things with cash because it was considered the honorable thing to do.

She notes that her majority-minority congressional district in Greater Boston “has 57% of the city’s check-cashing locations, but only 12% of the city’s commercial bank branches.”

“So for my constituents and the roughly 1 in 5 people across America who are unbanked or underbanked, lack of access and broken trust with financial institutions is incredibly costly,” says Pressley. “The cost of cashing checks alone can be as high as $2,400 per household with an annual income of $32,000. Only. Collection. Checks.

Pressley described the very factors that drive the dual credit market to send more black and brown Americans to high-risk, high-cost financial institutions rather than traditional banks: fear of taking on debt, distrust of towards financial institutions and even the idea that cash is king.

“The experience you hear Rep. Pressley talk about is the experience of so many black Americans,” says Lisa Rice, president and CEO of the National Fair Housing Alliance. “They live in a credit desert.”

The American dream will never be accessible to all as long as inequalities are integrated into the credit market. It’s time to revamp it. Here’s how.

Revamp credit scoring to better assess risk. Today, the credit score problem is largely two-fold: First, credit scores are often inaccurate or affected by inherent racial bias. And in most cases, they’re also a terrible predictor of consumers’ ability to pay.

President Joe Biden has proposed the creation of a public credit reporting agency to compete with private entities Equifax, TransUnion and Experian, which have collectively faced a torrent of criticism for everything from data breaches to inaccuracies and racial prejudice.

Biden’s plan is admirable, but the problem isn’t just who scores, it’s how they do it. A public credit reporting system can only provide benefit if it fairly and transparently assesses the factors that actually predict a consumer’s ability to pay, gives consumers a greater ability to challenge and correct inaccurate information and refrains from unequally weighting negative and positive payment activity.

Payment history is one of the major factors affecting credit rating. This in itself creates racially disparate results. For example, timely mortgage payments improve consumer credit scores, but rent payments generally do not. But while the homeownership rate for white Americans is 72%, for black Americans it is only 43%.

“We need to make sure the infrastructure is in place for people to report their housing rental payments to credit repositories so the data can be used,” Rice said.

Weighing rent payments equally on mortgage payments will also help eliminate the low-income credit gap created when low-income Americans are forced to make tough decisions about which bills to pay to try to make ends meet.

“People pay their rent first,” says Wu. credit.”

Other alternative payment data that may serve as more predictors for ability to pay, the researchers say, are utility payments, telecommunications account payments such as cell phone plans, and payment histories from mobile phones. Bank accounts.

Stop using credit scores for non-credit decision making and stop weighing unwilling debt. There is no data – none – showing that a person’s credit score is predictive of that person’s value as an employee. Yet credit scores are often used for job applications, making it more difficult for people with mild or negative backgrounds to advance in their careers. This inability to earn better wages and pay bills better creates a cycle that causes people to fail.

“Credit scores aren’t as predictive as people think,” Wu says.

In addition to prohibiting the use of credit scores in employment decisions (with narrow exceptions for things like federal security clearances), the use of credit scores should also be prohibited to access coverage. insurance or to open accounts for heating, electricity and other necessary utilities. to keep homes safe and livable.

Additionally, credit reporting agencies should not be allowed to consider involuntary debts, such as debts incurred as a result of medical bills, divorces, or judgments in legal disputes over matters that do not involve the type of payments that would have been reported to the credit reporting agencies in the first place. . Records of collections, missed payments and personal bankruptcy filings remain in the credit system for between seven and ten years – a period that is expected to be reduced. The system can’t work if people don’t have the ability to get up if they’ve fallen.

H. Hopp-Bruce/The Emancipator/Nadia Snopek/Adobe

The announcement by the three largest credit bureaus, Experian, Equifax and TransUnion, to voluntarily eliminate 70% of consumer medical debt from credit reports is commendable. However, black Americans are more likely to have medical debt, according to the Consumer Financial Protection Bureau, credit bureaus have poor self-monitoring records, and no one should be less able to buy a home, start a business or to obtain a job because of a previous illness or injury. The only fair solution is a federal mandate prohibiting the consideration of medical debt in any credit rating.

Other measures included in Pressley’s CREDIT (Comprehensive Credit Rating Enhancement, Disclosure, Innovation, and Transparency) bill, which passed the House but has yet to pass the Senate, include banning lenders to charge higher interest rates or otherwise make loans less affordable and riskier for borrowers solely because of lower credit scores. This approach, Wu points out, is what caused the 2008 foreclosures crisis to hit black communities the hardest.

Provide repair loans through special purpose credit programs and other measures. Those who have been unable to access credit markets due to racially disparate biases in credit reporting need an on-ramp to level the playing field.

One way is through special purpose credit programs authorized under the Equal Credit Opportunity Act, which provide low or no interest loans to homebuyers and homeowners. small businesses to fight systemic racism in credit underwriting.

“I call these loans ‘reparation loans’ because that’s really what they are,” says Wu. “They are a form of reparation for centuries of legalized, deliberate and intentional discrimination. And addressing these inequalities will require intentional action. »

Kimberly Atkins Stohr is the senior columnist for The Emancipator, as well as an opinion writer and senior columnist at the Boston Globe. It can be attached to [email protected]. Follow her on Twitter @KimberlyEAtkins.

Golf World Strongly Rejects Latest Air Jordan Shoe Despite Stunning Design

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Former NBA star Michael Jordan has once again collaborated with Nike to create limited edition golf shoes. The Jordan brand has gone traditional in style with the ADG 4. And hopes the latest Air Jordan shoe will be a hit like its predecessors. However, does the golf world think the same?

“A request from MJ himself,” the description of the last shoe read. “The Jordan ADG 4 infuses an incredibly classic silhouette with retro Jordan flavor.”

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Popular for designing basketball-friendly sneakers, the Jordan brand has made many modifications to the ADG 4 golf shoes. The sleek shoe features a full-grain leather upper. Additionally, the ADG 4 comes with the iconic elephant print design on the heels.

The Nike React midsole is used to cushion the underside of the shoe. It also comes with a rubber outsole which would help in maximum traction on the course. Additionally, the iconic Jumpman logo is affixed to the heel of the new ADG 4.

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Michael Jordan is considered the NBA’s GOAT. He won six NBA championships throughout his career with the Chicago Bulls. Nevertheless, his love for golf is no secret.

According to an interview he gave to the Golf Channel, the former star keeper considers golf “the hardest game to play.” Known for their competitiveness, the GOAT believes that sport controls their urge to win because it’s a battle against themselves.

The golf world’s reaction to the latest Air Jordan shoe

It’s not wrong to say that MJ is as passionate about golf as he is about basketball after his retirement. And it was his passion for the sport that made him contribute to golf.

The Jordan brand hoped to create a comfortable yet practical shoe for golfers. However, does the golf world love it?

The golfing world took to Twitter to express their thoughts on the new ADG 4 as soon as the Jordan brand unveiled the first look.

Since the ADG 4 does not come with spikes, the majority of the golf world has dismissed the idea of ​​buying them for playing golf. Also, they didn’t find the shoes comfortable for playing golf. However, fans still liked its design and opted to buy them.

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Are you planning to buy one? Or do you think it would be uncomfortable to wear them on the golf course? Let us know in the comment section below!

Watch this story: Jack Nicklaus’ private jet collection is breathtaking

I accidentally started a global fashion trend

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Peter Boothroyd was living alone in a trailer when he discovered he had accidentally launched a global fashion brand.

To say the musician, originally from Bury, was perplexed would be an understatement. Working under his surname Boothroyd, Peter has been recording and performing music since 2012.

Although it achieved modest success, it never produced official merchandise. So when he saw pictures of people wearing clothes with his name on them, he was stunned.

The images, which he found littered on Facebook, showed people in countries including South Korea, India and Argentina donning clothes with ‘Boothroyd’ on the front and ‘Tri-Angle’ discs – a label Peter has released music with – below.

READ MORE: Young man who died after stabbing in Ancoats named second arrest

“It’s so weird,” said Peter, 29. “I was completely isolated and living in a trailer while a lot of people wearing this stuff seemed to be having a good time and living a better life than me. I don’t know how it started but it kept spreading .

“I didn’t make any money from it at all, but I kept finding it funny and amusing. It’s so popular and they have no idea who I am.”

After leaving Bury for London almost a decade ago, Peter began recording ‘dark electronic music’. He released a debut album “Idle Hours” in 2014 which saw him play shows across the UK and Europe.

When the pandemic started in early 2020, Peter moved from London to Morecambe where he lived in a trailer while working on new music.

One day, he received a message on Instagram out of the blue. It showed an Argentinian pop star wearing a t-shirt with his artist logo. Although confused, he said he found it amusing at first.



Peter Boothroyd, a musician from Bury, discovered thousands of people wearing clothes in his name

He explained: “I knew I had fans in South America, a Chilean radio station recently aired a report on my last album, which didn’t change my life, and I received a strange email of a Bolivian hipster asking me to listen to their tracks. My music was selling in places like Japan, but I never thought in terms of branding. I had created a logo in lowercase Helvetica font and I didn’t had never done merchandising.

“That’s how the world is gone now. We’re globalized, things get spilled online. When you release music, you never know where it might travel or who it might connect with.”

After discovering other images of people wearing similar clothing bearing his name, Peter investigated further. He discovered that the clothes originated in South Korea before apparently spreading to other countries.

He explained. “Using Facebook’s search engine which uses a text-in-image detection system, I started collecting pictures of stylish East Asians wearing Boothroyd. New ones were popping up every day.

“While its logotype may be relatively uninspiring on its own, the Boothroyd brand has nailed global ubiquity without trying. Over the past year, I’ve collected over a thousand images. People from all walks of life Continents were on the Boothroyd train, with different editions and styles in each region.”



Peter Boothroyd was living in a caravan when he discovered he had accidentally launched a global fashion brand

Peter doesn’t believe those wearing the clothes know who he is, which has made the brand’s success all the more surreal. However, he soon began to wonder how the clothes were made.

“Judging by the high quantities and low prices, it was obvious that some of this unofficial Boothroyd merchandise doesn’t appear to be ethically or sustainably made,” he explained.

“I had no problem accidentally becoming a global fashion brand, but as a much more ethical and environmentally conscious person than I was years ago, I didn’t want to being a brand synonymous with fast fashion and its long list of negatives. I don’t like the idea of ​​my music being at the start of a toxic supply chain.”

After emailing some of the websites selling Boothroyd products and getting no response, Peter finally found an answer at a store selling Boothroyd shirts.

He said: “They wouldn’t divulge any trade secrets, so they were vague and told me that they had ordered directly from a factory in Guangdong, one of China’s major garment manufacturing centers, which is plagued by poor working conditions.

“I dreamed of taking my brand back and entering the lucrative Korean fashion market with an ‘official’ eco-friendly alternative. I needed money at the time, I was living in a trailer, but more importantly, it would give the concerned consumer some option.”

Using organic cotton and eco-friendly inks, Peter had 100 Boothroyd t-shirts made which he then put up for sale online, targeting the Korean market. When they sold out, another 200 were made. They disappeared just as quickly. Yet copies continued to appear across the world, some with a misspelling of the word Boothroyd.

“There was nothing I could do,” he said. “I couldn’t control what was happening in a small shop in Buenos Aires or in a street market in Delhi.

“There are still new counterfeit variants popping up. Some of them have proper professional photography. There are plenty in Italy now, but it doesn’t seem to have caught on in the UK or America. “

Peter has since successfully registered the trademark in the UK and plans to introduce official Boothroyd gear here in the near future.

Murders, Mysteries, Misadventures, Diseases and Mayhem in Fort Ontario

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April 22, 2022

OSWEGO – Oswego funded by Friends of Fort Ontario County AmeriCorps member Jonathan Kobelia presents a free public walking tour of the Fort Ontario Military Reserve National Registry District. The 1.5-hour tour begins at 3:00 p.m. on Saturday April 30 with a short PowerPoint presentation inside the old stone fort of the Enlisted Men’s Barracks.

The event, “Murder, Mysteries, Mishaps, Maladies and Mayhem at Fort Ontario 1755-Yesterday”, features various locations at the historic site where unusual, bizarre, disturbing, horrifying, macabre – sometimes amusing and often sad – incidents have occurred. products.

Highlights of the tour will include stories about a plot to blow up the fort, friendly fire incidents, accidents, crimes, murders, shootings and attempted murder resulting from a “smelly” pig’s head “boiling on the stove in the barracks kitchen.

The site of five battles and four forts, a U.S. Army infantry training post, a U.S. Army general hospital, a New York National Guard training camp, a Special unit training, an emergency refugee shelter, and a veterans housing project, Fort Ontario has also seen many unpleasant and unusual incidents over its 267-year history.

Participants are requested to wear shoes suitable for walking over rough terrain and dress appropriately for the weather – it is always cooler and windier by the lake. Fort Ontario State Historic Site is located at 1 E. Fourth St., Oswego, NY.

For more information on “Murder, Mysteries, Mishaps, Maladies and Mayhem at Fort Ontario, 1755-Yesterday,” contact AmeriCorps member Jonathan Kobelia at 315-343-4711 or [email protected] .gov.

LOVE AND DUTY – Private James King of Fort Ontario fell in love with Rose Anne Welch of Oswego and married her in 1850 and deserted the army. A few years later, he surrendered and joined the army. James, portrayed here by Michael Kelso, and Rose, portrayed by Christina Goettel, continued to live happily together in Oswego until their deaths in the early 1900s. Unfortunately, some Fort Ontario romances did not have happy endings . Learn more on “Murder, Mysteries, Mishaps, Maladies and Mayhem, 1755–Yesterday” event at Fort Ontario on Saturday, April 30 at 3 p.m.

Government data suggests First Nations more often affected by CERB reimbursement letters

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The 57-year-old residential school survivor thought the Canada Emergency Response Benefit could be her financial life raft.

“I thought the federal government was gracious in granting CERB,” she said in a recent interview from her Winnipeg apartment. “But they are ruthless and relentless in wanting that money back.”

Ketchum was one of 441,599 aid recipients who, at the end of 2020, received a letter from the Canada Revenue Agency questioning their eligibility and warning they may have to repay some of the payments.

Figures from The Canadian Press on the destination of the letters suggest a disproportionate number landed in First Nations postal codes, including Manitoba and Saskatchewan.

Two regions in northern Manitoba stand out from the data, with more than half of the average number of CERB recipients in each benefit pay period receiving what the CRA called “educational letters.”

Forward sortation areas, or the first three digits of a postal code, are home to two of the largest Aboriginal communities in the province. The local MP notes that there are also high poverty rates.

CRA data shows that the average personal income in the R0B ZIP Code is just over $11,900, which is below the national average of just over $51,000. Nearly 5,000 letters landed in this area.

New Democrat Niki Ashton, who represents the region in the House of Commons, said her office has received calls from residents worried about having to reimburse CERB.

“This whole issue has caused a lot of anxiety and concern for people in our communities,” Ashton said. “But it really speaks to the lack of, well, frankly, the lack of fairness on the part of the federal government stretching significant resources and stalking people in one of the poorest regions of Canada.”

Areas with large numbers of CERB recipients, including in and around the Greater Toronto Area, showed smaller shares of letters in data obtained by The Canadian Press under the Freedom of Information Act. ‘information.

The CRA said no one has been forced to repay any of the aid, no repayment deadline has been set and “no recovery or collection efforts have been made in respect of of any group, including Indigenous candidates”.

That could soon change. Work is progressing this year to verify the eligibility of CERB beneficiaries, as the government has always promised, and efforts will continue over the next few years. Thousands of other letters were also sent to beneficiaries of the now defunct program.

Just under 8.9 million Canadians have used the $500-a-week emergency benefit that the government rolled out quickly at the start of the pandemic, as millions of workers saw their incomes cut.

Eligibility rules were eventually set to require a person to have earned at least $5,000 in the 12 months before applying, which the government noted became easier to verify once tax returns arrived .

Part of the problem with letters sent to Indigenous communities is that tax filing rates are lower among Indigenous families.

The CRA website encourages Indigenous assistance recipients to file their 2019 and 2020 tax returns as a way to prove their eligibility, even though the deadlines for these have long passed.

The agency suggested another problem could be that some claimants have tax-exempt income because it is earned on a reservation under a specific section of the Indian Act.

“If an individual had tax-exempt employment or self-employment income, the CRA may not have the necessary income information on file to confirm their eligibility for the CERB,” the statement said. agency in response to questions from The Canadian Press.

The agency added that it had an email for specific questions about the Covid-19 work restrictions and the impact on the Indigenous income tax exemption.

Ketchum struggled to understand the CRA website and leniency options, if any. She sought help from a tax preparer, but was told she would have to repay the money.

According to a Statistics Canada study, Indigenous workers who met CERB income requirements were more likely than their non-Indigenous counterparts to receive CERB.

Among First Nations workers the rate was 41.5%, among Inuit 40.3% and 36.2% among Métis. The corresponding percentage for non-Aboriginal workers was 33.9%.

The reason they were more likely to receive CERB had to do with their disproportionate ranks in low-wage jobs that have been hardest hit during the pandemic amid rounds of lockdowns and hour reductions, and which don’t have still not rebounded to pre-pandemic levels despite the top tier numbers.

Ketchum shakes his head at the situation. She relies on paying the money back during tax season to help pay her bills, but instead sold her condominium and took out $4,000 in risky payday loans to survive the pandemic.

She said she could barely afford to eat and could not afford the necessary dental work.

“ARC took my teeth, my rent, my food,” Ketchum said.

eBay Museum of Authentic

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Some rare sneakers will be on display, including a pair worn by Michael Jordan in the ’80s, Kanye West’s first collaboration, a Back to the Future-inspired drop (signed by Kobe Bryant) and more.

It’s hard to spot a fake in the world of high-end sneakers – a Large format the writer even spoke to a professional sneaker sleuth about the used sneaker economy and the rise of fake designer kicks for our podcast, FOR YOUR INFORMATION.

Today, online marketplace eBay is collecting some of the world’s rarest — and guaranteed authentic — sneakers for temporary display.

These include the Air Jordan 1 Chicago from 1985, worn during a basketball game by Michael Jordan (a size 13 on the left foot and a size 13.5 on the right); the first sneaker designed by Kanye West before Yeezy, in collaboration with Bapestas in 2007; the Nike Hyperdunk inspired by Marty McFly Back to the future 2008, with only 350 copies (and the one presented signed by Kobe Bryant); one of 500 pairs from the luxury streetwear collaboration between Pharrell Williams, Chanel and Adidas NMD; and 2009’s first Air Yeezy 1 Zen Gray, Nike’s first signature sneaker with a non-athlete.

There will also be shoes on display from the personal collection of eBay Australia’s resident sneaker expert, a Melbourne-based sneaker collector (who has nearly 700 pairs in his collection) and a prototype from the innovation designer of Yeezy Footwear.

The first 100 visitors to the pop-up each day will also receive a candle specially designed to recreate the smell of fresh new sneakers.

From 10 a.m. to 5 p.m. Free entry.

More information and tickets here.

MetaVerse and NFT – The Uncharted Frontier and the Opportunities for Brands

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What Brands Need to Know About NFTs, the Metaverse, and Related Intellectual Property Rights

Non-fungible tokens/NFTs are unique digital assets that are stored on a blockchain or in a digital ledger. As its name suggests, being “non-fungible”, it cannot be duplicated and is not interchangeable. Each NFT has unique properties that are stored in the metadata of the token, which makes it limited in that, in some cases, only has one copy and therefore derives its value from its rarity. The ownership history, i.e. the authenticity and origin of an NFT, can be verified on the blockchain via a platform like Ethereum from “smart contracts” which are software codes that authenticate ownership and regulate their transferability. Unlike fungible tokens like silver, NFTs cannot be split into smaller denominations.

NFTs that represent property in the digital world can consist of anything from digital assets like works of art, collectibles like stamps, coins, bags, shoes, clothes, from gems, gaming items, real estate, social media posts, top game clips, photos, trademarks, domain names and even complex financial instruments to various other things available in the physical world.

The slow rise of NFTs

It is understood that the first NFT was created as early as 2014 called Quantum by Kevin McCoy and Anil Dash. However, NFTs only gained popularity in 2020; the very popular CryptoPunks created by Larva Labs in 2017 could be claimed for free. Its popularity only exploded in 2021 when the cheapest CryptoPunks were worth US$350,000. In May 2021, a collection of 9 Punks was sold at Christie’s for the colossal sum of $16.9 million. Sotheby’s sold a rare Punk alien for $11.8M in June 2021. Interestingly, financial giant VISA purchased a CryptoPunk in August 2021 for the exorbitant price of US$150,000 to complement its in-store collection .

CryptoPunks are now considered the holy grail for any NFT collector.

Interestingly, these punks can be seen as profile pictures on social media platforms just like other billion dollar NFTs Bored Apes – aka (Bored Ape Yacht Club)

NFT, metaverse and mode

NFTs are gaining popularity as Metaverse gears; luxury fashion brands are experimenting with and launching digital consumer assets for avatars in the metaverse. Consumers are riding the wave of buying fashion NFTs for their avatars and dressing up with digital assets and accessories from the metaverse.

In 2021, Burberry partnered with Mythical Games to launch the NFT collection in the Blankos Block Party multiplayer board game featuring digital vinyl toys known as Blankos. Each of these NFTs comes with proof of ownership and authenticity verified by Burberry. The brand also plans to release its own NFT accessories in the game, including jetpacks, armbands, and pool shoes.

Similarly, Dolce & Gabbana launched its own physical and metaphysical collection of NFTs called Collezione Genesi³ on the Polygon blockchain. It features museum-quality objects that are entirely handcrafted through High Fashion (women), Upper Sartoria (men) and Upper Gioielleria (fine jewelry).

Gucci offered new NFT products, including its one-of-a-kind sneakers. To keep up with the trend, Nike acquired RTKFT Studios – a footwear company that makes NFTs and virtual sneakers for the Metaverse.

Louis Vuitton, which designed skins for the League of Legends game, joined the NFT movement with the launch of its game “Louis: The Game”. The game offers 30 built-in NFTs which were designed by famous NFT artist Beeple. These NFTs can only be found and collected by playing the game.

Intellectual property rights and NFT

The principle of intellectual property (IP) rights is exclusivity and monopolistic rights, whether trademarks, copyrights or patents. With NFTs being minted for almost everything from art collectibles to shoes, clothing, bags, and real estate, it becomes imperative for owners to understand and protect their intellectual property rights in this space.

As NFTs can be hit by anyone, the possibility of trademark misuse and/or intellectual property rights infringement is significant. We have seen many big brands protect their marks in relevant classes through trademark registration. Some examples of brands that have applied for protection are Nike, Crocs, Ralph Lauren, Gap, Mcdonald’s and NYSE.

According to Finbold, in 2021, 1,263 NFT-based trademark applications were filed with the United States Patent and Trademark Office (USPTO), representing a 421-fold increase in NFT-based trademark applications. NFTs filed from three filings in 2020. In 2021, the highest trademark filing was recorded in December at 407 filings. According to the data, almost 15 applications are filed per day in 2022.

What IP issues to anticipate?

As the NFT market is largely an unregulated industry, the enforcement of intellectual property rights is a gray area.

The very authenticity of an NFT can be questioned if it is not minted or created by the true owner. For example, each NFT can be verified on the blockchain via a smart contract. Problems may arise if this information is not correct and NFTs were created or created by anyone else who does not have permission to create such NFTs leading to unauthorized NFTs.

Additionally, with many virtual worlds such as Cryptoboxets, Decentraland, Roblox, Sandbox, Sims, Somnium Space, SuperWorld, and Zepeto, issues related to misuse of intellectual property rights and licenses may arise. Proper due diligence should be carried out before venturing into the virtual world depending on the terms and conditions and policies in place.

In fact, there have been instances of unauthorized minting of NFTs by third parties leading to intellectual property issues. Eg. Luxury brand Hermès sues Mason Rothschild, a digital artist, for counterfeiting its Berkin bags [Hermès International, et al. v. [1:22-cv-00384 (SDNY)]. The brand sued Mason Rothschild for minting and selling NFTs of its Birkin bags which Mason Rothschild referred to as “MetaBirkin”. Hermès indicated confusion over the original source.

Similarly, Nike, which filed a trademark application for virtual goods, sued StockX, an online retail marketplace, for infringing its trademark in the virtual space for selling Nike sneakers as NFTs. . According to the lawsuit, Nike argues that “Without Nike’s permission or endorsement, StockX “strikes” NFTs that prominently use Nike’s trademarks, marketing them NFT using Nike’s goodwill and selling these NFTs at heavily inflated prices to unsuspecting consumers who believe or are likely to believe that these “digital investable assets” (as StockX calls them) are, in fact, licensed by Nike when they are not.

Both are pending judgment and we have yet to see how the courts protect the intellectual property rights of brands in the virtual space.

Similarly, copyright issues can arise as the very authenticity of NFTs can be called into question if the initial entry into the blockchain is false or contains errors. Other issues may arise, such as unauthorized exploitation of copyright, publicity rights, and moral rights involving NFT content.

However, whether copyright in an NFT will be transferred/assigned to a purchaser and/or to what extent copyright or intellectual property rights in a work will be transferred may be covered by contract. intelligent. In the absence of an explicit assignment term in the smart contract, the buyer will have limited rights.

Additional ways to protect NFT IPs in the metaverse

Platforms such as OpenSea and Mintable adhere to strict guidelines to remove NFTs involved in trademark infringement. The basic requirements for a DMCA takedown notice are: indication of the intellectual property infringed and where the infringing material appears, a properly signed takedown notice, contact information, and a good faith belief that counterfeit material is not permitted.

Metaverse and NFTs – Promising frontiers for brands

Brands can leverage the metaverse in several ways. We are already seeing big brand owners stepping forward and protecting their intellectual property rights in the metaverse and having virtual goods in the metaverse. Interestingly, many brand owners have joined Roblox, an online gaming platform and game creation system, which has a huge consumer base of nearly 202 million where they sell virtual products to consumer avatars. .

Gucci has teamed up with Roblox to sell virtual sneakers for US$12.99 a pair in this virtual world. The prices for these rose quickly, and Gucci made headlines by selling a digital wallet in the Roblox virtual world for 350,000 Robux, which equates to around US$4,200. The physical version of the same handbag could be purchased at a Gucci store for around US$3,500. This shows the untapped consumer base and selling power of brand owners in the metaverse.

In addition, there is also the possibility of licensing products. According to the organization Licensing International, it represents the last major licensing market open to the industry and could represent up to 40% increase in licensing volume in the near future.. There is a huge licensing market for brand owners with unlimited consumers and growing sales.

The metaverse and NFTs space are uncharted territory that is constantly evolving and currently there is no precedent to fall back on. The future of NFTs and intellectual property laws will depend on how courts interpret these spaces.

Nike Giannis Immortality 2 Release Date

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At just 27 years old, Giannis Antetokounmpo is already considered an all-time great in NBA history. Named to the NBA 75 team due to a long list of accolades, the Greek Freak still has about ten years to add to his decorated career. His main goal right now is a second NBA title, and the 2022 run could be his toughest yet.

Nike is set to release the next Nike Giannis sneaker – the Giannis Immortality 2. Considered a budget basketball model named after the Greek Freak, the sequel to the Giannis Immortality brings an all-new upper design with an inverted Swoosh enlarged. — a characteristic detail of his first signature shoe. The upper is constructed with a mix of engineered mesh and synthetic leather, while the outsole is worn on the latest model.

Several colorways will release in adult, GS, and PS sizes later this fall; For now, check out an official preview of this White/Barely Volt/Grey Fog colorway and stay tuned for a release on Nike.com.

Or buy

Be sure to follow @kicksfinder for live tweets during the release date.

Nike Giannis Immortality 2
Release date: 2022
Color: N/A

Men: N/A
Style Code: N/A

Matt Damon and Ben Affleck team up for film about Michael Jordan and Nike

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Ben Affleck and Matt Damon, the Oscar winners behind ‘Good Will Hunting,’ team up for a film about Nike’s efforts to sign Michael Jordan to a sneaker deal, according to the Hollywood Reporter.

Former Nike executive Sonny Vaccaro, who featured in ESPN’s 2015 30 for 30 “Only Man” and Nike co-founder Phil Knight will be the film’s central characters.

According to reports, Damon will portray Vaccaro and Affleck will play Knight. Affleck and Damon won the Best Original Screenplay Oscar for ‘Good Will Hunting’ and the two collaborated on the screenplay and starred in 2021’s ‘The Last Duel’. Affleck, who will direct the film, also won an Oscar for Best film as a producer for “Argo”.

The film will focus on Nike’s efforts to sign Jordan in 1984 when Jordan entered the NBA. Coming out of North Carolina, Jordan was the third pick in the 1984 NBA Draft, and Vaccaro managed to do the impossible for what was, at the time, a small shoe company and steer Jordan away from Adidas. , Reebok and Converse. In doing so, Vaccaro helped transform Nike, the relationship between an athlete and a brand, and the sneaker industry as a whole.

“Even though I never imagined myself wearing the (Nike) shoe, the creativity it gave me and the teaching of what it’s all about – what I wear on my feet and how it enhances my abilities athletic – I’m happy with the choice,” Jordan said in 2004.

In 2021, Yahoo! Finance reported that Jordan Brand, a subsidiary of Nike, achieved $5 billion in sales and, in 2020, Forbes estimated that Nike has paid Jordan about $1.3 billion since 1984.

Affleck and Damon get to the genesis of it all.

Vaccaro, now 82, helped make the sneaker industry what it is today by signing players like Jordan and Kobe Bryant to multi-million dollar shoe deals with Nike.

“I don’t think people understood how my career evolved. I wanted the public to know how sneaker marketing started. For better or worse, that’s who I am,” Vaccaro told ESPN on ‘Sole Man’ in 2015. “I don’t think people understood how my relationship with coaches evolved and how I got involved with Nike. That’s how Jordan came about, that’s how Kobe came in.”

“Sole Man” was co-directed by Jon Weinbach, who is president of Skydance Sports. Weinbach was also a producer on the Emmy-winning ESPN series “The Last Dance,” which he did with Mandalay Pictures president Peter Guber, who will produce the next film. Now they will team up again for another part of Jordan’s story.

Matt Damon and Ben Affleck Collaborate to Produce Film About Michael Jordan and Nike

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Ben Affleck and Matt Damon, the Oscar winners behind ‘Good Will Hunting,’ team up for a film about Nike’s efforts to sign Michael Jordan to a sneaker deal, According to the Hollywood Reporter.

Former Nike CEO Sonny Vaccaro appearing on 2015 ESPN 30 for 30 “The Only Man” Nike co-founder Phil Knight will be the central character in the film.

According to reports, Damon will play Vaccaro and Affleck will play Nate. Affleck and Damon won the Best Original Screenplay Oscar for “Good Will Hunting,” and the two collaborated and starred in the 2021 film The Last Duel. Affleck, who will direct the film, also won the Oscar for Best Picture as Producer for “Argo.”

The film will focus on Nike’s efforts to sign Jordan in 1984 when Jordan entered the NBA. After dropping out of North Carolina, Jordan was the third overall pick for the 1984 NBA Draft, and Vaccaro was able to do the impossible for what was, at the time, a small shoe company and push away Jordan from Adidas, Reebok and Converse. In doing so, Vaccaro helped transform Nike, the relationship between an athlete and a brand, and the athletic shoe industry as a whole.

“Although I never imagined that I would wear[Nike]shoes, the creativity it gave me, and the education about what it’s all about — what I wear on my feet and how it improves my athletic ability — I’m happy with the choice,” Jordan said in 2004.

In 2021, Yahoo! Finance magazine reported that Jordan Brand, a subsidiary of Nike, It generated $5 billion in sales And in 2020 Forbes appreciates Nike has paid Jordan about $1.3 billion since 1984.

Affleck and Damon come to the genesis of it all.

Vaccaro, now 82, helped make the sneaker industry what it is today by signing the likes of Jordan and Kobe Bryant to multi-million dollar shoe deals with Nike. .

“I don’t think people understood how my career developed,” Vaccaro told ESPN of “The Lonely Man” in 2015. “I wanted the public to know how the commercialization of sneakers started. For better or for worse, that’s who I am. I don’t think people have understood how my relationship with coaches developed and how I got involved with Nike. That’s how Jordan happened, that’s how Kobe happened.

“The Lonely Man” was co-directed by Skydance Sports President John Weinbach. Weinbach was also a producer on the Emmy-winning ESPN series “The Last Dance” What he did with the president of Mandalay Pictures, Peter Guber, who will produce the next film. Now they will collaborate again for another part of Jordan’s story.

Families affected by dangerous payday loans – FOX13 News Memphis

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MEMPHIS, Tenn. – FOX13 Investigates focuses on what some have said is the dangerous and trapping nature of payday loans.

They are used by people who need money quickly, but many find themselves unable to pay them back. They can lead to a cycle of indebtedness that, according to one report, primarily affects blacks and browns in Memphis.

A man who was too embarrassed to be publicly identified shared his story with FOX Investigates.

“You have a person reaching out and they’re trying to help you up, but then they put their foot on your shoulder trying to hold you down,” he said. “In this scenario, you will never get out.”

He and his wife said they were stuck in a cycle of financial debt that started with heartbreak and a need for money.

“We had three deaths in the family and we needed time off. And when we left, we were late. So, we thought we had to get it so we could catch up,” he said. He said he and his wife took 15 days off.

He said that was when he saw a TV advert for Advance Financial in Millington.

It’s one of more than 100 so-called high-cost lenders in Memphis and surrounding areas, providing borrowers with quick cash loans at sky-high interest rates of 280 or 460 percent. , amounts permitted by Tennessee state law.

The loan money is recovered by drawing from the borrower’s bank account for regular withdrawals whenever there is money in it, no matter how much money and no matter what other bills he has. requires.

“They didn’t even tell us about the interest rate. They didn’t tell us how much we were going to have to pay back. They didn’t tell us when they were going to start,” he said.

The $1,100 spent on paying off the loan each month was more than his rent.

A new report from the Memphis-based Black Clergy Collaborative and Hope Credit Union, a black-owned bank, sheds light on what the authors call “debt traps.”

The report points out that the loans are, in its view, “marketed as a quick financial solution”, but “instead create a cycle of long-term debt”.

“Just because an individual is poor doesn’t mean you have to exploit that individual,” said Reverend Darrell Harrington, the group’s economic chairman and senior pastor of New Sardis Baptist Church in Memphis.

The study says there are 114 high-cost lenders in Memphis, double the number of McDonald’s and Starbucks combined.

Of the 114 storefronts listed, 65% belong to nine companies located in other states; 51 of them are owned by just two companies.

“Millions of dollars are flowing out of the pockets of those who are more vulnerable than if they weren’t plowed back into the community,” said Bill Bynum, CEO of Hope Credit Union, which offers loans with up to 18% interest. . designed to help borrowers rebuild their credit.

“Unless they provide services at a responsible and not 400% affordable rate…they shouldn’t be allowed to operate,” Bynum said.

Visit the Hope Credit Union website here


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Sony Also Plans Xbox-like In-Game Ads Program – Report

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Sony has started working on a plan to place ads in PlayStation games through a software development program, according to a new report.

Sources speaking to Bloomberg say Sony started working on the project 18 months ago and is currently testing with adtech partners on ways to help game developers place in-game advertising in their titles. , with particular emphasis on their use in free-to-play games. By using the system, developers could be incentivized to create more F2P games that could be monetized in this way, as these titles have surged in popularity during the current pandemic era.

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Sony’s plan is similar to the one Microsoft reportedly began development on, which is also working on methods to insert ads into Xbox games. If all goes according to plan, Sony would launch its new effort by the end of 2022 and sell ad space for its own PlayStation games through a private marketplace.

The goal of the project is to make the ads look like they’ve been organically inserted into a game, much like a digital billboard in a sports stadium. Such content may include viewing advertisements and promotions to earn in-game items such as avatar skins.

Bloomberg’s sources said Sony isn’t set on cutting revenue, but is considering charging developers and publishers for data gathered from consumer activity on PlayStation. Sony is also said to be strict about which adtech companies can qualify for its program, as it wants to avoid companies that collect personal information from gamers.

As for interest, Zero Code chief executive Dario Raciti told Bloomberg that advertisers would be interested in reaching new audiences, as long as they can convince developers of family content to let them in. “It’s a new thing, just like the metaverse, and everyone is rushing to try it, but for people who have played the game and understand the game’s audience, we’ll take a wait-and-see approach,” Raciti said. .

While video games have largely avoided advertising over the years, especially games with mature and violent content that advertisers prefer to avoid, there have been some notable examples of in-game promotions. Fortnite ran Air Jordan campaigns, Nike shoes were featured in NBA 2K22, and Burnout: Paradise even featured ads for former US President Barack Obama’s presidential campaign in 2009.

StockX Responds to Nike’s NFT Lawsuit, Saying Nike Showed “Fundamental Misunderstanding” of NFTs

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In January of this year, StockX (an online trainer reseller) launched “Vault NFTs”. NFTs, represented by images of Nike shoes, can be traded digitally or redeemed for the corresponding physical trainers. NFTs have also enabled customers to access experiences such as releases, promotions and events.

Nike has since filed a lawsuit against StockX for trademark infringement, claiming that StockX was selling NFTs of Nike sneaker images without Nike’s permission, alleging it infringed on its trademarks and confused customers. Nike claimed that StockX was “blatantly freeriding” on “the back of Nike’s famous brands and associated goodwill”.

StockX responded to the claim on March 31, calling Nike’s lawsuit “baseless and misleading.” StockX said its NFTs are merely “tickets” to represent proof of ownership of physical trainers stored in its vault and are “absolutely not virtual goods or digital sneakers” as claimed by Nike.

StockX says it was only using NFTs to authenticate its physical shoes and not selling them as standalone products. He explained that NFTs essentially facilitated the exchange of trainers stored in the vault. StockX believes Vault NFTs save customers time and money while reducing the environmental impact of repeat shipments.

StockX’s answer raises some interesting questions about how NFTs are classified – whether as (1) a ticket to describe ownership, or (2) a digital asset in their own right. How the Court decides to handle this case could have significant implications, particularly for those who use NFTs to record ownership of assets (such as fine art).

In Vogue Business, Jeff Trexler of the Fashion Law Institute comments, “Is the NFT simply, as StockX claims, a means of identifying a product, or is it a product that has value on its own? Is it a name or a photo in an advertisement or is it, as the response brief indicates, a use that adds value by assuring a buyer that the goods are genuine?Would the analysis be different if StockX merely sold the product with a mention of the NFT rather than presenting the NFT?