After a three month search Target (TGT) has found a new CEO. 55-year old Brian Cornell will become only the fourth person to head the company since 1984 and the first outsider to move straight into the top post. It's a smart move by Target's board. The nation's second largest mass-market discounter is coming off years of missteps and a humiliating 2013 full of scandals, revolts and credit card fraud. The place needed new blood and Cornell, with ten years experience at Pepsi (PEP) and three years heading Walmart's (WMT) Sam's Club stores seems like the right man for the job. That doesn't mean it's going to be easy. I'm sure Brian has a pretty good handle on the situation but as the only person I know who actually gets choked up at the sight of a well-run store I can't help but offer a three step strategy that I think will get the Cornell era off to a bang-up start.
In a startling report from German media, we learn that the former president of the Central Council of Jews in Germany, Charlotte Knobloch, told Jews living in Germany to avoid being recognizable as a Jew in public in order to avoid being attacked. Knobloch went further. She said that German Jews are increasingly threatened, and that the level of danger is the worst it has been since 1945. The excuse this time is dressed up as humanitarian concern for civilians in Gaza. But there always is some flimsy excuse which evanesces under the slightest ray of inspection. Just one example of current German hostility to Jews was an effort by three men to set fire to a synagogue in Wuppertal-Barman overnight on July 28. The culprits used molotov cocktails (as if further reminders of World War II were necessary) in an attempt to raze the synagogue. But Knobloch wasn’t suggesting that it was an acceptable solution for Jews to cower like mice and hope no one notices their Jewishness. She said that it was not acceptable for Jews in Germany to again be the victims of attacks and insults. “When synagogues burn, it is time for all leaders to ask: ‘What must we do to protect Jewish citizens!’” Knobloch also decried the intolerable Jew-baiting, incitement against Jews and calls for violence. She pointed out the particular irony of such behavior constituting an abuse of the freedoms of expression and assembly, and dressed-up as a humanitarian response to the deaths in Gaza. This 81-year old German Jewish woman did not only criticize those who are inciting against Jews, she also demanded to know where were the other German citizens who are not responding to the anti-Semitic outrages, instead remaining silent. Again. “The general public is silent,” Knobloch said. “Whoever is silent now affirms what is happening!”
WASHINGTON, July 23, 2014 -- Agriculture Secretary Tom Vilsack today announced the creation of the Foundation for Food and Agricultural Research (FFAR) and the appointment of a 15-member board of directors. The new foundation will leverage public and private resources to increase the scientific and technological research, innovation, and partnerships critical to boosting America's agricultural economy.
Authorized by Congress as part of the 2014 Farm Bill, the foundation will operate as a non-profit corporation seeking and accepting private donations in order to fund research activities that focus on problems of national and international significance. Congress also provided $200 million for the foundation which must be matched by non-federal funds as the Foundation identifies and approves projects.
"Studies have shown that every dollar invested in agricultural research creates $20 in economic activity," said Vilsack. "Investments in innovation made over the past several decades have developed new products and new procedures that have been critical to the continued growth of American agriculture. We must continue to make strategic investments in research and technology if we are to remain leaders in the global economy."
The research funded by the Foundation for Food and Agricultural Research will address issues including plant and animal health; food safety, nutrition and health; renewable energy, natural resources, and environment; agricultural and food security; and agriculture systems and technology.
The foundation's board of directors was chosen to represent the diverse sectors of agriculture. Seven of these board members were selected by the unanimous vote of the board's five ex-officio members from lists of candidates provided by industry, while eight representatives were unanimously elected from a list of candidates provided by the National Academy of Sciences. Congress mandated that the ex-officio members choose the initial 15 board members from among the lists provided by these two groups. However, new board members now have the option of adding additional members if they so choose. Secretary Vilsack said today he hoped the board would exercise its prerogative to add more members to expand the board's diversity.
In announcing the 15-member FFAR board today, Vilsack remarked, "Public-private partnerships are vital to the agricultural research community, and this is reflected in the membership of the foundation's board of directors."
The 15 voting members are:
Dr. Kathryn Boor - the Ronald P. Lynch Dean of the College of Agriculture and Life Sciences, Cornell UniversityDr. Douglas Buhler - Director of AgBioResearch and Senior Associate Dean for Research for the College of Agriculture and Natural Resources, Michigan State UniversityDr. Nancy Creamer - Distinguished Professor of Sustainable Agriculture and Community Based Food Systems, North Carolina State UniversityDr. Deborah Delmer - Professor Emeritus of Biology, University of California-DavisThe Honorable Dan Glickman - former U.S. Secretary of Agriculture, current Executive Director of the Aspen Institute's Congressional ProgramDr. Robert Horsch - Deputy Director, Bill & Melinda Gates FoundationPamela Johnson - Chairwoman, National Corn Growers AssociationDr. Mark E. Keenum - President, Mississippi State UniversityDr. Michael Ladisch - Director of the Laboratory of Renewable Resources Engineering and Distinguished Professor of Agricultural and Biological Engineering, Purdue UniversityDr. Christopher Mallett - Vice President of Research & Development, Cargill, Inc.Dr. Pamela Matson - Chester Naramore Dean of the School of Earth Sciences, the Richard and Rhoda Goldman Professor of Environmental Studies and Senior Fellow at the Woods Institute for the Environment, Stanford UniversityDr. Terry McElwain - Associate Director and Professor, Paul G. Allen School for Global Animal Health, and Executive Director, Washington Animal Disease Diagnostic Laboratory, Washington State UniversityDr. Stanley Prusiner - Director of the Institute for Neurodegenerative Diseases and Professor of Neurology, University of California-San Francisco and 1997 Nobel laureate in physiology or medicineDr. Yehia "Mo" Saif - Professor Emeritus, The Ohio State UniversityDr. Barbara Schaal - Dean of the Faculty of Arts & Sciences and Mary-Dell Chilton Distinguished Professor at Washington University in St. Louis.
More detailed biographical information for the FFAR Board of Directors can be found here.
The five ex-officio board members, all of whom were designated by Congress, are Vilsack; Dr. Catherine Woteki, USDA's Under Secretary for Research, Education, and Economics and Chief Scientist; Dr. Chavonda Jacobs-Young, Administrator of the USDA's Agricultural Research Service; Dr. Sonny Ramaswamy, Director of the USDA's National Institute of Food and Agriculture; and Dr. France A. Córdova, Director of the National Science Foundation.
In a time of federal budgetary restraints, the new foundation is another innovative way to continue and expand investment in agricultural research. FFAR will complement existing Federal and Federally-funded agricultural science research endeavors and accelerate solutions to the challenges American agriculture.
Today's announcement was made possible by the 2014 Farm Bill. The Farm Bill builds on historic economic gains in rural America over the past five years, while achieving meaningful reform and billions of dollars in savings for taxpayers. Since enactment, USDA has made significant progress to implement each provision of this critical legislation, including providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/farmbill.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9410, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD) or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay)
What is Chaski GroupChaski Group provides new world vision and solutions based on old world values. Utilizing the latest techniques and tools to keep your business and organization ahead of the curve and bring you results. Relationships and personal attention to every client remain the foundation of our approach. Chaski Group brings over twenty years of experience in global market development, trade policy and negotiations, and development assistance to leverage success for your company. Who is Chaski GroupChaski Group is founded by Rebecca Bratter, a global trade professional with over 20 years of experience in agricultural trade promotion, trade policy and development assistance. She has worked closely with global private sector, governmental and multilateral representatives in over 30 countries with the distinct goal of helping stakeholders understand each other and achieve their respective objectives to further trade and business goals. She has collaborated closely with several agricultural and non-profit groups to create roadmaps for success by building trade policy programs with stakeholder input, realigning funding and resource priorities for success and advancement, defining strategic objectives for industries to move ahead of the curve, and creating non traditional innovative approaches and partnerships to advance agendas. While a city girl by upbringing, Rebecca’s heart is in the countryside both in the US and abroad. She was not raised on a farm but with a strong belief in agriculture as a critical engine of the global economy, she believes in furthering farmer/producer and agribusiness interests while ensuring that the benefits make life better for the growers, producers, and innovators. This applies not only to the US agricultural sector but to the smallest land owner subsistence farmer in isolated rural African villages who with the right assistance, have the opportunity to make their own lives better for themselves and future generations. She is an avid dancer, yogi, pilates enthusiast and rock wall climber. Rebecca lives in the DC area with her beloved husband and their aussiedoodle puppy, Madiba.
This post is in partnership with Buffer. The article below was originally published on Buffer. Banana Republic and Susan’s Neighborhood Shirt Shop could be using the same social networks—Twitter, Facebook, Google+, etc.—but their marketing plans and their marketing tools are likely quite different. Enterprise solutions are great for the big guys, but the rest of us are in the market for something more our size.
There’s an insight into Secretary of State Kerry’s view of Israel in the New Republic’s reprise of the collapse of the Obama administration’s attempt last year to broker a peace with the Palestinian Arabs.
Jul 23, 2014Libertarian Candidate for State Representative District 100, sat down for a quick interview with Russ Belville. This interview took place at the "Meet The Experts" conference in Hollywood Fl.
Former Fed Chairman Alan Greenspan says in an interview with MarketWatch it’s not clear yet whether the economy has staying power or can survive the Fed exit, while also talking about the difficulty of popping bubbles.
General Electric‘s retail lending arm, the financial power behind the private-label credit cards for the Gap and Amazon.com, raised about $2.9 billion in its initial public offering on Wednesday, as the industrial conglomerate moves to shrink its once-enormous finance division. The business, now known as Synchrony Financial, priced its shares at $23 each, at the low end of its expected price range. That values the newly independent company at $19.1 billion. One reason why underwriters priced the offering at the low end of the range was because comparable publicly traded companies, including Discover Financial, also traded down during the road show for investors, people briefed on the matter said. Still, the offering was oversubscribed. Synchrony’s I.P.O., the largest in the United States so far this year, constitutes one of the biggest steps yet by G.E. to reduce its dependence on GE Capital. The division was once the biggest driver of its earnings, but ultimately wounded the business titan during the financial crisis. G.E. has since moved to shed assets outside its core industrial and health care businesses. Synchrony, whose roots date to 1932, has long been seen within G.E. as a nonessential part of GE Capital. It is the biggest provider of store-branded credit cards in the country, having financed $93.9 billion in sales last year. The business earned nearly $2 billion in profit, atop $11.3 billion in revenue. Yet the stock sale will not end G.E.’s ties to the business. The conglomerate is not selling any shares in the I.P.O. and will retain a roughly 85 percent stake in Synchrony until late 2015. Synchrony is expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol SYF. Its stock sale was led by Goldman Sachs and JPMorgan Chase.
Miami-Dade has given David Beckham a hard time in finding a place for his new soccer stadium. So now the rumblings have begun: He and his investors are considering Broward County.
Some say it's an empty threat made only to pressure Miami.
But before anyone scoffs at the idea of Beckham's putting his soccer stadium in Broward (we're looking right at you, Miami), consider this: Broward has pretty much everything Beckham seems to be asking for (except for, you know, the name Miami).
Beckham has stated his desire to be on the water. And Broward has plenty of seaside and other waterside locations to be considered. Fort Lauderdale is known as the Venice of America, for crapsake! Not only that but Broward has space. Lots and lots of open space. Look around. In between the restaurants, beaches, and malls.
Space and water -- two things Miami can't seem to deliver.
And Broward leaders are apparently serious in trying to woo Beckham to look north. Broward Mayor Barbara Sharief has asked leaders to come up with lists of possible spots for Beckham to build his stadium.
But we've gone ahead and compiled our own list of seven locations he should consider.
President Barack Obama said the U.S. is expanding an initiative to develop and train political and economic leaders in Africa.
Obama is expanding a U.S.-based program for young African leaders, and the U.S. Agency for International Development is providing $38 million to create leadership centers in Ghana, Kenya, South Africa and Senegal. It is drawing contributions from companies including Microsoft Corp. (MSFT:US), Dow Chemical Co.(DOW:US) and Intel Corp. (INTC:US) to keep the programs going.
Addressing 500 young African leaders in Washington, Obama said a prosperous and self-reliant Africa is crucial to global security and economic growth.
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“We have to make sure we are seizing the extraordinary potential of Africa,” Obama told the group.
The meeting, which included a question-and-answer session with the president, is a prelude to a three-day summit of U.S. and African leaders next week in Washington.
Obama said he is renaming a scholars program he announced a year ago for the late South African leader Nelson Mandela, who died Dec. 5 at the age of 95.
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After spending almost three decades in a South African prison under white minority rule known as apartheid, he became the nation’s first democratically elected president in 1994, and led the country out of racial discord.
The initiative reflects Mandela’s “optimism, his idealism, his belief in what he called ’the endless heroism of youth,’” Obama told the audience. It is “a long-term investment” in Africa and its people.
Under the program, Africans aged 25-35 study at 20 top U.S. universities. It’s part of the U.S. investment program in Africa to strengthen democracy, spark economic growth and boost the odds “for peace and security in Africa,” according to a White House statement today.
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0bama cited the work of fellowship members, one of whom is fighting against sex slavery and pushing for womenâs rights. Another is working on a program to help generate electricity so farmers could irrigate crops.
“I want to make sure the United States of America will be your friend and partner every step of the way,” Obama said, leading to new businesses. “There are ways you can make a difference.”
The regional leadership centers are set to open by 2015 to provide leadership training as well as entrepreneurship services, including mentoring, technology and access to capital.
STORY: U.S. Sanctions Finally Hit Russia Where It CountsAfrica’s Potential
Political turmoil and violence has been a drag on growth for some African economies, though the potential for expansion on the continent has drawn investment.
A McKinsey & Co. report released last week said that Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany.
Africa’s biggest economy has consistently posted annual growth rates in excess of 4 percent over the past decade, spurring foreign investors such as Unilever Plc (ULVR), Nestle SA (NESN) and Shoprite Holdings Ltd. (SHP) to expand operations despite an upsurge in violence by militants in the north.
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In South Africa, the continent’s second-largest economy, growth has been curbed by labor strife. The central bank last week cut its economic growth forecast for this year to 1.7 percent from 2.1 percent.
To contact the reporter on this story: Roger Runningen in Washington at email@example.com
To contact the editors responsible for this story: Steven Komarow at firstname.lastname@example.org Joe Sobczyk
The much-admired Supreme Court Justice Hugo Black may be rolling in his grave at the prospect of a merger between 21st Century Fox and Time Warner Inc., which would reduce control of the major Hollywood studios to five owners, from six, and major television producers to four, from five. “The widest possible dissemination of information from diverse and antagonistic sources is essential to the welfare of the public,” he wrote in the majority opinion that decided a 1945 antitrust case involving major newspaper publishers and The Associated Press. “The First Amendment affords not the slightest support for the contention that a combination to restrain trade in news and views has any constitutional immunity.” Fox and Time Warner may no longer publish old-media newspapers or magazines, but they certainly disseminate information and opinions that may be even more vital to the “welfare of the public” today than the newspapers of Justice Black’s era. HBO alone, one of Time Warner’s cable channels, produces “Real Time With Bill Maher,” “Last Week Tonight With John Oliver” and acclaimed documentaries like “The Case Against 8,” about the struggle for marriage equality, and the “Paradise Lost” series, which examined the murder convictions of the group of white teenagers known as the West Memphis Three.
Hanoi-based Noi Bai International Airport has become the very first terminal in Vietnam to provide sleep pods to serve passengers of delayed or canceled flights. Fourteen sleep pods, consisting of three single rooms and 11 double rooms, were unveiled on Tuesday at the departure terminal of the airport by the Vietnam Aviation Tourism Corp (VATC). The four-square-meter pods are 3m high and equipped with amenities including a bed, wardrobe, telephone and even WiFi connection, functioning as quick places of refuge for passengers awaiting their flights. Customers of the sleep pods will be treated to free water and snacks by the VATC. The pods cost VND210,000 (US$9.88) for single rooms, and VND252,000 ($11.86) for doubles, to use for the first three hours. The next three hours cost VND180,000 ($8.47) and VND215,000 ($10) for single and double rooms, respectively. The full-day rate is VND1.53 million ($72) for single rooms, and VND1.83 million ($86) for doubles. The VATC is offering a 20 percent discount to mark the inauguration of the service. While sleep pods are common at many international airports, this is the first time the modern facilities have been put to use at a Vietnamese terminal. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
The U.S. Commerce Department reported that sales of new single-family homes fell 8.1% in June to a seasonally adjusted annual rate of 406,000, with drops across the country.
June’s result missed expectations from economists polled by MarketWatch, who had forecast a rate of 475,000, compared with an originally estimated pace of 504,000 for May. On Thursday, the government reported a sizable downward revision to its May figure, estimating a pace of 442,000.
New-home sales in June were down 11.5% from a year earlier.
An exchange-traded fund of home builders, the SPDR S&P Homebuilders ETFXHB -1.60% , was lower after the data’s release.
“The underlying tone of this report was surprisingly weak, not only on the miss in the level of the sales but also the unexpected sharp downward revision to the prior month’s estimate, which suggest that this segment of the housing market is still struggling to regain its footing,” Millan Mulraine, deputy head of U.S. research and strategy at TD Securities, wrote in a research note.
However, it’s worth noting that the volatile series undergoes revisions. The confidence interval for June’s 8.1% drop is plus or minus 12.3%, signaling that the government isn’t sure whether the pace of new-home sales actually rose or fell last month.
Despite shaky sales data, and worries among officials about a stalling recovery in the housing market, some economists see reasons to be optimistic. With a strengthening labor market, builders could increase construction rates. A recent government report showed that construction permits for single-family homes — an indicator of future demand — grew throughout most of the country in June, hitting the fastest pace in seven months.
Earlier this week federally controlled mortgage-finance giant Fannie Mae FNMA -0.70% upwardly tweaked its 2014 forecast on U.S. sales of new single-family homes, and now sees 2014 hitting the highest level in seven years.
Still, there’s no doubt that new-home sales remain relatively slow. Five years after the end of the recession, sales of new single-family homes are far below an annual average of more than 770,000 over the 20 years leading up to a 2005 peak.
Rising mortgage rates and prices, a low supply of new homes and unusually poor winter weather each took a bite out of residential sales this year. It’s also been tough for many borrowers to meet lenders’ strict credit standards.
“Housing has clearly been a notable area of persistent sluggishness beyond early year weather disruptions, with tight mortgage lending conditions continuing to restrain traditional demand for owner-occupied housing as a slowing flow of distressed properties has lowered investor activity,” Ted Wieseman, a Morgan Stanley economist, wrote in a research note.
And builders themselves have narrowed the pool of potential buyers. Wary of putting up too many new houses, many large builders have opted to focus less on the volume of units that they sell, and have poured construction into high-demand areas that can command premium prices. This ratcheting up of prices means that fewer buyers can afford a new home. On Thursday, the government reported that the median price of new homes in June rose to $273,500, up 5.3% from a year earlier.
The supply of new homes rose to 5.8 months from 5.2 months in May. This metric measures how long the number of homes on the market would last at the current sales rate, assuming that builders did not add to inventory.
A flight operated by Air Algerie and carrying 116 people from Burkina Faso to Algeria's capital disappeared from radar early today, and an Algerian aviation official now tells Reuters the plane... World News Summaries.
Financial sites, real estate blogs, and other websites that delve into figuring out the best places in the U.S. have been coming out and naming Fort Lauderdale to the top of their many best-of lists lately. But one site has come out and bucked the trend, naming Boca Raton the best Florida city to live in. That's right, Fort Lauderdale. You can keep your best downtown, most exciting city, and sexiest city. Those are all fine and good. But when it comes to actually living somewhere -- especially somewhere where you probably won't be murdered -- Boca takes you to the hole!