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Business

Xpeng predicts it’ll ship fewer electrical vehicles than Nio

Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan speaking to the media at the 2020 Beijing Auto Show.

Evelyn Cheng | CNBC

BEIJING – Chinese electric car maker Xpeng predicts that it will deliver far fewer cars in the first three months of the year than competing start-up Nio.

Xpeng, which is listed on the New York Stock Exchange, announced overnight that it is expected to deliver around 12,500 vehicles in the first quarter. That implies deliveries of 4,250 cars for March, based on January’s 6,015, down to 2,223 in February.

Even with the weeklong New Year holidays in mid-February, these numbers lag behind Nio’s.

Last week, Nio forecast deliveries of 20,000-25,000 vehicles in the first quarter, implying deliveries of at least 7,197 cars in March. The company currently only ships SUVs and sells them in a higher price range than Xpeng’s cars.

While Nio plans to deliver a sedan to customers early next year, Xpeng launched its P7 sedan last year, which accounts for a growing proportion of deliveries compared to its G3 SUV. Xpeng plans to bring out another sedan later this year.

Li Auto, another US-listed Chinese electric car company, issued the lowest forecast of the three startups with 10,500 to 11,500 deliveries for the first quarter.

Despite the attention of startups like Nio and Xpeng, older automakers Tesla and BYD are already selling electric cars on a far larger scale in China. In January alone, Tesla sold more than 14,500 China-made Model 3s and BYD more than 7,200 of its Han model, according to the China Passenger Car Association released on Tuesday.

After rising in 2020, the stocks of US-listed electric car companies have fallen in the past two months due to the volatile start of the year in the US stock market.

  • Xpeng’s shares fell nearly 4% overnight and are down more than 35% year-to-date.
  • Nio fell 7.6% overnight and is down more than 25% since the start of the year.
  • Li Auto shares fell 5% earlier in the week and fell 26% year-to-date.
  • Tesla shares fell more than 5% on Monday and fell 20% year-to-date.

Autonomous driving software

As Nio, Tesla, and other automakers race to develop self-driving technologies, Xpeng started rolling out its autonomous driving software to some premium P7 sedan customers this year. With this technology, users can automate tasks such as changing lanes and entering and exiting highways.

Around a fifth of the more than 20,100 P7 sedans that were delivered from February onwards have activated the latest self-driving software, the management announced in a call for profits.

Xpeng reported that total revenue increased 43% from the third quarter to 2.85 billion yuan ($ 437 million) in the fourth quarter. The company expects first quarter sales to decrease slightly to 2.6 billion yuan.

Net losses decreased to 787.4 million yuan in the last three months of the year from 1.15 billion yuan in the previous quarter.

Categories
Politics

How Biden’s Solidarity Emboldened a Liberal Push for Energy in Alabama

While union leaders, local union activists, and national progressive politicians are all in support of an Amazon union in Alabama, this sentiment does not reflect the mood in the camp itself. Less than a month before the union vote, the 5,800-worker camp is divided among union supporters, strong dissidents and an apathetic center that is fed up with national attention.

Outside the factory – where some workers work 12-hour shifts – union activists and journalists are likely to experience a number of angry refusals when asking to speak to employees. Some workers wear “Vote No” needles while others speak of anti-union literature in public areas and bathrooms. And on social media, employees report their longing for March 29, when the election ends.

Amazon has aggressively countered union efforts, highlighting the company’s benefit package and its $ 15 minimum wage, as well as job growth in an economically stagnant area of ​​the south.

Last week, at an Amazon-hosted round table of anti-union warehouse workers, some said in the media that Mr Biden’s message was unnecessary and that they were not intimidated by the company. An Amazon spokeswoman declined to comment directly on the president’s remarks.

“I know the president weighed,” said JC Thompson, a litigation assistant at the warehouse. “And I can’t imagine the pressure our leadership is feeling because there are a few people – a minority – who are upset.”

Carla Johnson, a warehouse clerk, said she was voting to not join in unionization.

“I can speak for myself,” she said. “I don’t need someone from the outside to come in and say this or that.”

The diversity of opinion suggested why Mr Biden’s message was so calibrated – to support workers’ right to fair elections but not to support the union itself. And some observers, including Amazon camp workers, believe the president’s words will have little impact on the outcome of the union vote.

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Health

Pandemic Forces F.D.A. to Sharply Curtail Drug Firm Inspections

Remote exam advocates say they can do the same thing virtually. Peter Miller, president of New Jersey-based Dynamic Compliance Solutions, which helps life science companies comply with FDA regulations, says his remote audit kit can do an excellent inspection. The kit includes a tiny 360-degree camera that an on-site host carries on a tripod while the investigator watches on a computer screen.

“The inspector can say, ‘I see a stack of boxes over there. Can we get a little closer I would like to see if they have the right stickers, ”he said. “I believe the examiner should be in control of what he sees. We’re doing a live stream, an unrecorded broadcast. “

Industry lawyers believe the FDA is too picky about the current backlog to refuse remote inspections. Mark I. Schwartz, a former FDA assistant director who oversaw inspections by the agency’s Center for Biologics Evaluation and Research, believes wider use of remote inspections is overdue. Mr Schwartz believes remote inspections, if done properly, will produce results similar to face-to-face visits – which he said more than a dozen of his customers are dying to do.

“To suggest that being there makes a big difference is a fallacy,” said Schwartz, now a director at Hyman, Phelps & McNamara, a law firm with a large practice in the pharmaceutical industry. At best, according to Schwartz, the on-site investigators only see around 15 percent of a company, even if they are there in person.

The subject caught the attention of Congress. Dr. Denigan-Macauley, due to testify Tuesday before the budget subcommittee that oversees FDA Representative Sanford Bishop, a Georgia Democrat who chairs the panel, said, “The pressure to ensure the FDA continues to assess safety and security The effectiveness of the drug supply is growing day by day. ”

While public health experts have been hit by the sharp decline in inspections, most believe virtual inspections are a poor substitute for in-person reviews.

“Remote inspections are just not going to make it,” said Dr. Carome. “Often times the FDA identifies serious problems and when you are away they go undetected.”

Categories
Business

Drive-Throughs That Predict Your Order? Eating places Are Considering Quick

Starbucks has employees in hundreds of busy locations strolling down car lines taking handheld orders so customers can get their caffeine fix a few seconds faster. Shake Shack, which has long insisted that it pays to wait a few minutes longer for quality ingredients, will soon have its first drive-through window. And the vast majority of new Chipotles this year will have “Chipotlanes” where customers can pull up to a window and have pre-ordered meals in less than a minute.

With dining room restrictions in place throughout much of the country during the pandemic, drive-through and pick-up windows have become a crucial way for a variety of restaurants to stay afloat.

Now that the hospitality industry is facing a post-pandemic world, many companies are counting on digital ordering and pass-throughs to remain an integral part of their success. And the basic experience of sitting in a single row of cars, speaking into a sometimes mangled intercom, and pulling up to a window to pay for your meal before driving away is likely to change for the first time in decades.

A number of restaurants are moving quickly to improve their online ordering and app skills, change their physical design, or add two or three drive-through lanes. Some are testing artificial intelligence systems to make suggestions for people who get to the menu bar.

“The transit was one of those places that hasn’t changed in decades,” said Ellie Doty, Burger King’s North American marketing director. “But with Covid we are seeing the dramatic acceleration of the directions in which we have already gone.”

Taco Bell, who last year announced plans to test a restaurant design with stadium seating so players can play against each other, has placed a heavy emphasis on creating smaller restaurants with two thoroughfares and one roadside pickup. Applebee’s is testing its first drive through in Texarkana, Texas. Shake Shack is experimenting with a number of new designs and plans, including walk-in windows and curbside pickups. It will open its first transit this year in Orlando, Florida, with plans for five to eight more by 2022.

“We had started working on some formats before the pandemic,” said Andrew McCaughan, Shake Shack’s chief development officer. “But we saw a massive accelerator and catalyst to go faster and really get the drive going.”

While several chains claim to have invented the drive through, many say it dates back to the 1930s when a Texas chain’s Los Angeles franchise, the Pig Stand, allowed customers to order and collect their food from a window . In the late 1940s, California chain In-N-Out Burger introduced the two-way squawk box. But the phenomenon really increased in the 1970s when McDonald’s installed drive-throughs.

As more families had two working parents and the demand for quick and easy meals increased, drive-throughs became mainstream. But they also became a source of ridicule and exhilaration. In “Wayne’s World 2” from 1993, the characters Garth and Wayne intentionally cut out their voices while giving their orders, suggesting a broken intercom. The server repeats the order back perfectly.

In fact, drive through can be stressful. Other customers honk their horns occasionally to encourage you to expedite your order. After shouting “No cucumbers!” Again and again in the intercom, you sometimes get a burger with three cucumbers on it. And lines can extend through parking lots and onto the street, especially during the pandemic. Chick-fil-A has been sued by neighboring companies that the long thoroughfares are blocking their customers’ access.

For most restaurants, the solution consists of many parts. First, more and more customers are trying to use ordering apps, which improve the accuracy of orders, and are often associated with loyalty programs that give them points for free food. They are also trying to figure out how best to speed up consumers through the drive-through or pick-up process without disrupting traffic patterns or other businesses.

Updated

March 8, 2021, 9:50 p.m. ET

Drive-through times average 4 minutes and 15 seconds, according to Bluedot, a geolocation company. Like a Daytona 500 pit crew, restaurants are always looking for ways to save minutes or even seconds.

To be competitive in this race, Chipotle, whose digital orders soared from 20 percent of its sales to up to 70 percent at the height of the pandemic, installed a second assembly line in many of its kitchens, where employees put together tacos or burrito bowls exclusively for mobile and mobile phones Online orders.

The chain also expects 70 percent of its restaurants opening this year to have dedicated chipotlanes for online ordering.

“In the traditional drive-through experience, you wait in line to order, you wait in line to pay and collect, you wait in line for your food to be prepared,” said Jack Hartung, Chipotle’s chief financial officer. “We try to hit our service time from the time you drive to the restaurant, pick up your food and drive to 40 or 50 seconds.”

Others, like McDonald’s and Burger King, add multiple thoroughfares, which were a feature of some busy fast-food places like Chick-fil-A, but are becoming more common. Burger King is running three-lane tests in the US, Brazil and Spain. In the USA and Spain, the third lane is “Express” for pre-orders via the app. In Brazil, the lane brings the deliverers to a pick-up area with food cupboards or shelves.

Burger King would like to use an artificial intelligence system similar to Big Brother, Deep Flame, to advance its passages into the future.

Currently, roughly half of Burger King’s passages with digital menu boards use Deep Flame’s technology to suggest foods that are particularly popular in the area that day. External factors such as the weather are also used to highlight elements such as an iced coffee on a hot day.

This year, Burger King is testing Bluetooth technology that can identify customers in Burger King’s loyalty program and view their previous orders. If a customer ordered a small sprite and a whopper of cheese hold the pickles, the last three visits, Deep Flame calculates that the chances are high the customer will want the same order again.

It’s unclear whether the technology will pay off. McDonald’s is moving in a similar direction. The fast food giant acquired the Israeli artificial intelligence company Dynamic Yield in 2019 to drive sales through personalized digital promotions for customers.

Restaurant Brands International – the parent company of Burger King, Tim Hortons, and Popeyes – hopes to have the predictive personalized systems in more than 10,000 locations of its restaurants in North America by mid-2022.

“We’re taking an outdated, old, static sales channel and bringing it to the forefront of the industry,” said Duncan Fulton, chief corporate officer of Restaurant Brands International. Now customers have the ability to “automatically rearrange things and pay for the items on the board, ultimately reducing window time and allowing you to collect your groceries and be on your way.”

Categories
Entertainment

A Ballerina Takes a Leap of Religion, This Time in Herself

In November, on her 29th birthday, Lauren Lovette cut her hair off and posted about it on Instagram. Last week, this New York ballet director who gives her dance a unique breath of fresh air, announced that she was retiring from the company. This haircut was more than a haircut.

“Every voice that was in my ear liked my hair long or felt like it had to be a long time before I got modeling or dancing – definitely dance ballet and all the roles I do,” she said Interview. “As soon as I left this hair salon, I knew that from that moment on I would say yes to what I thought was right.”

Why should such a young dancer, with so much to give, leave such a prestigious position? (Her last appearance with the company is planned for this fall.) As with many dancers, the past year has been an emotional one for Lovette. She basically stopped dancing; Instead, she and partner Matthew Tolstoy, a Chinese medicine doctor who works on strength and conditioning with City Ballet dancers, spent time repairing a house they bought in southern New Jersey.

“I’ve been thinking about it for a very long time,” she said of leaving. “It’s not that I wasn’t sure of my job. I was just looking for the right path and where my heart is. And especially after last year, there was so much internal work – internal thoughts and feelings and time to process and reflect. “

Lovette did not give up the dance entirely during this hiatus. As an aspiring choreographer who has contributed three impressive works to the city ballet – each with an important point of view – she found ways to continue this facet of her creativity. Upcoming projects include dances for the American Ballet Theater and the Paul Taylor Dance Company. But the idea of ​​continuing as the director of the city ballet and fitting into her choreographic career at the same time was not attractive.

When Jonathan Stafford, the Artistic Director of the City Ballet, asked if she would attend a Kaatsbaan residence in Tivoli, NY, in February, she agreed: she would not only appear in a new work by Kyle Abraham, a contemporary choreographer She had always wanted to work, but she could also see where she was at with ballet herself.

“I wanted to make sure that I don’t run away from something,” she said, “that I don’t go because I feel like I can’t dance anymore.”

One night she had a conversation with the other dancers, including Taylor Stanley and India Bradley. “I’ve spent a lot of time last year feeling like I don’t make a difference,” she said. “They said some sweet things to me about different ways that I affected their lives and how I could never leave. I sat and felt so hugged and comforted by everything I heard and loved – really, really loved. “

She felt at peace. That night she slept amazingly. “I woke up the next day and sent my resignation letter,” she said with a laugh. “That was it.”

Stafford said he wasn’t surprised – he and Lovette had been talking throughout the shutdown – even though it’s bittersweet. “I knew she was thinking about this type of move and what she wanted from the rest of her career,” he said. “But I have moments when I’m sad that we won’t have her energy anymore. She is just a bright light. “

With an airy and seductive opulence, Lovette has always been a shining presence at City Ballet. She is versatile. Humor comes naturally, but it is also capable of inducing deep melancholy from within. Your characters have an inner life, even if they are not actual characters.

As she rose through the ranks of the company and became a director in 2015, what made her accomplishments all the more impressive was her depth and drama. She was just herself – a ballerina, of course, but also a young woman whose dance was full of poetry and seething with a kind of restlessness and vulnerability.

The charisma of her dance also has to do with her overflowing imagination, and that shows up in her choreography. Stafford said he first noticed Lovette at school – where students start dancing early – because of her choreography. “She’s not just going to make a piece that might be pretty and beautiful and fun,” he said. “You just don’t know what you’re going to get. You sit there on the edge of your seat and wait for what she will say. How great is that? “

In a world where dancers, especially women, play by the rules, Lovette makes herself and lives by her own rules. In an interview she talked about her courageous step to leave the safety of a being in a society in order to look for her next dance life. Here are edited excerpts from the conversation.

What made it so difficult for you to reconcile your career as a choreographer with a dancer at City Ballet?

I had to turn down a lot of jobs. I’ve squeezed everything into my discharge weeks, which are rare. I am not on vacation. I think it burned me out. Covid taught me that. And to be honest, the backdrop of life – that was a factor too.

In what way?

If my life was a stage, I had the same set for all of my adult life. I’ve been with the New York City Ballet since 2009. Before that was SAB [the School of American Ballet, which is affiliated with the company]. I went to the same restaurants and entered the same place. I know there will be a fall season, a nutcracker season, a winter season, and a spring. There will be a saratoga [season, in summer].

And you had to shake that up?

I’m scared of going into the unknown, but I’m also very excited because it means it will be different. And I’m sure I’ll learn some hard lessons, but I’ll learn some good ones too. I’m just looking forward to how that affects what I do and how I move. Who would I work with if I had to choose who to work with?

Was the decision to retire spontaneously?

I have a lot of people I trust in my life who give me nice advice and who have bounced things off for years. This was one of the first times – and it had to be – that it had only to come from me. I couldn’t even have Matt there.

You didn’t tell Matt to write your resignation letter?

No.

Oh my goodness Lauren That’s so brave.

[Laughs] I just did it! I like to take responsibility for my successes and failures, but mostly for my failures, and that’s a risky thing. It had to come from me.

Why is that so important?

Because it’s too big a decision. I know it would be more strategic to stick with the city ballet for another five years, with one foot in the door and the other foot out. I can not do it

Categories
Health

Gov. Ned Lamont defends easing Covid restrictions in Connecticut

Connecticut Governor Ned Lamont on Monday defended his plans to relax Covid restrictions in the state starting next week, telling CNBC that he believes a drop in new infections and vaccine distribution supports such a move.

“We have the vast majority of our most vulnerable populations who have now been vaccinated. That’s 65 and over and the majority of people 55 and over,” Lamont said in Squawk on the Street. “That is where all of the deaths took place, that is where 98% of hospital stays took place. So we are pretty confident that March 19th is a good time when we can continue the reopening.”

Half of Connecticut’s residents aged 55 and over have received at least one dose of vaccine, including three-quarters of the state’s people who are 75 years of age and older. This is based on data made available on Monday. Pfizer and Moderna’s vaccines require two vaccinations, while Johnson & Johnson’s is a single vaccine.

According to the latest state data, Connecticut has recorded 7,725 Covid-related deaths since the pandemic began. Of these deaths, 7,555 were people aged 50 and over, with the majority being at least 80 years old.

Democrat Lamont last week announced his intention to lift a number of Connecticut-era pandemic-time restrictions beginning March 19, including lifting capacity restrictions on restaurants, hair salons and churches. A nationwide mask mandate remains in place and Lamont continues to limit capacity for some companies, e.g. B. 50% for cinemas and performing arts venues.

Still, Lamont’s decision marks a significant step in the pandemic for the state, which, along with New York and New Jersey, was among the hardest hit during the first wave of Covid last spring.

Some leaders in other states have gone further than Lamont. Texas Republican Governor Greg Abbott said on Twitter last week that his state was “100% OPEN” after lifting business restrictions and a mask mandate.

Public health experts have urged Americans not to complain about self-mitigation measures, even though the daily case numbers have fallen sharply from their January peak. In the case of newly emerging virus variants in particular, they warn that loosening them too much could in some cases lead to an increase again.

In a CNN interview on Thursday, White House chief medical officer Dr. Anthony Fauci said it was “inexplicable” to reset all public health guidelines as the number of new infections in the country was still too high.

Lamont said the goal of trying to relax capacity constraints is “to emphasize what works”.

“Masks work. Six feet of distancing,” Lamont said. “The difference between 75% and 100% in a restaurant is very difficult to enforce anyway and we thought, frankly, we have a very low infection rate and a lot of capacity in our hospitals right now. This was the time to make the change.”

Categories
Business

Analyst on outlook for High Glove, Malaysian glove shares

SINGAPORE – The recent fall in prices for Malaysian rubber glove manufacturers is “unjustified,” said an analyst who predicts further uptrend for stocks.

Top Glove, the world’s largest manufacturer of rubber gloves, was down 17.7% this year at the close of trading on Monday. The smaller colleagues Hartalega, Supermax and Kossan fell between 18% and 30%.

In comparison, the benchmark index FTSE Bursa Malaysia KLCI fell 0.9% over the same period.

Employees at Top Glove, the world’s largest glove manufacturer, will test latex glove production in a waterproof test room at one of the company’s factories in Selangor, Malaysia on February 18, 2020.

Samsul said | Bloomberg | Getty Images

“We are maintaining our overweight position in the sector as we believe the recent decline in share prices is not justified,” wrote Ng Chi Hoong, an analyst at Malaysian investment bank Affin Hwang, in a report on Monday.

The decline in Malaysian glove inventories followed a significant jump last year as the Covid-19 pandemic boosted demand for medical gloves.

Factors affecting investor confidence in the stocks include a potential decline in glove retail prices with lower demand as more people are vaccinated around the world, Ng said.

In addition, Top Glove’s plans to list in Hong Kong – the third public listing after Malaysia and Singapore – also sparked concerns that the company is raising funds in anticipation of a weaker outlook, he said.

But those concerns are likely to subside, Ng said. Here are its target prices for Malaysia’s glove inventory.

Affin Hwang’s target price for Malaysian glove stocks

Stocks Monday is over (Malaysian ringgit) Guide price (Malaysian ringgit) head
Top glove 5.04 10.10 100%
Hartalega 9.70 5 p.m. 75%
Super max 4.21 10.90 159%
Kossan 3.66 9.30 154%

Challenge to stay above pre-covid levels

The analyst said the increase in average glove retail prices was unsustainable and forecast a 30% to 35% price drop in 2022. Still, prices are likely to stay above pre-pandemic levels for at least the next two to three years. he said.

This is partly because the demand for gloves is expected to continue to grow in the coming years as the medical sector makes more personal protective equipment use, Ng said.

He added that he agreed with the report by consultants Frost and Sullivan, commissioned by Top Glove, which said demand for disposable gloves would grow an average of 15% annually for the next five years.

Such demand growth would be accompanied by a 20% annual supply increase over the next few years, Ng said.

Top Glove is planning a listing in Hong Kong

Another development that has fueled recent price moves in Malaysian glove stocks is Top Glove’s planned third listing in Hong Kong.

The company announced last month that it had applied for a “double primary listing” in Hong Kong that could raise up to 7.7 billion ringgit ($ 1.87 billion). It said it will keep its current primary listing in Malaysia and secondary listing in Singapore.

Investors reacted negatively to news that the additional listing would dilute Top Glove’s earnings per share.

Nonetheless, Ng has kept his buy recommendation for Top Glove and his Malaysian colleagues. He said the decline in stock prices had lowered valuations to levels “too cheap to ignore”.

The analyst added that Malaysian glove makers have a higher dividend yield and better return on equity compared to their international counterparts – a measure of financial performance.

Top Glove on Tuesday reported an increase in quarterly earnings to 2.87 billion ringgit ($ 695 million) for the three months ended February from 115.68 million ringgit ($ 28.03 million) a year ago.

The company said global demand for gloves continues to be “strong” as the Covid pandemic has led to an increase in glove use and hygiene awareness.

Categories
World News

Gender a significant work, alternative barrier for girls in Asia

With another International Women’s Day just around the corner, companies have made bold pledges to empower their women workers and strive for equality. Still, in 2021, many women say that their gender is a major barrier to their professional development.

A full third of women in Asia Pacific report that their gender is a significant barrier to opportunity due to the lack of guidance, skills, and time they receive as women. This comes from LinkedIn’s Opportunity Index 2021.

As a result, two in five (41%) female professionals in the region believe they have fewer opportunities for professional development than men.

The report, polling 10,000 workers in Australia, China, India, Japan, Malaysia, the Philippines and Singapore, shows the persistent barriers women face in their professional development and their impact on society.

10,000 hours | DigitalVision | Getty Images

While seven out of ten respondents said that gender equality is important for a fair society, four in ten said that this is not possible due to fundamental differences between men and women.

Corporations and governments have fought against this narrative. After all, the economy speaks for itself: Higher employment rates for women could increase the gross domestic product of the OECD countries by 6 trillion US dollars.

Gender equality is still not a top 10 priority for 70% of businesses, according to IBM’s new Women, Leadership and Missed Opportunities report. In fact, it turns out that the number of women in management positions has barely changed in the past two years and there are fewer women in the pipeline to fill management positions today than in 2019.

The pandemic has only exacerbated these shortcomings.

PwC’s 2021 Women in Work Index found that progress among women could be back to 2017 levels by the end of the year, as women are said to be harder hit by the pandemic. This is in large part due to the disproportionate burden on childcare by women. Mothers currently spend an average of 31 hours a week on caring tasks – almost equivalent to doing another full-time job.

Still, there are important steps businesses and individuals can take to alleviate this burden.

What women can do to overcome career barriers

Feon Ang, vice president of talent and learning solutions at LinkedIn, advised women to be clear about their ambitions and the professional goals they want to achieve.

“Understanding your personal strengths and your passions is really important,” she told CNBC Make It.

For Ang, that was “the connection between what is happening externally and how it affects your career”. When she realized “everyone was talking about YK2” in 1997 (the year 2000), she began a career in engineering. Seeing the hype surrounding social media in 2013, she joined LinkedIn.

Feon Ang, LinkedIn Vice President, Talent and Learning Solutions for Asia Pacific.

LinkedIn

After identifying these goals, women should be open to them and make it clear to business leaders where they want to go, she said. An attorney or sponsor can help and act as a representative or supporter among other high-ranking figures.

“More than just mentoring, you will find people to sponsor, someone who will be committed to helping you move forward,” Ang said.

“Of course, you have to do a good job because no leader will stand up for you, if not. You also have to show your ability to grow and be open-minded. This constant retraining is important for everyone, be it men or women.” added.

What bosses can do to bridge the gender gap

In a blog post, Ang also outlined specific steps bosses and organizations can take to achieve greater equality in the workplace.

  1. Have conversations about diversity and inclusion – According to LinkedIn, less than a quarter (23%) of Asia Pacific professionals strongly agree that gender diversity is a priority for their organization. Organizations and managers can change this narrative by running workshops on diversity, equity and inclusion and taking advantage of free online training.
  2. Increase the number of women in leadership positions – In Asia Pacific organizations, women make up an average of only 39% of the workforce. For female executives, this figure is even lower at 30% and below. Companies can reduce this inequality by introducing female management quotas and leadership pipelines for promising young talent.
  3. Establish family-friendly policies and flexibility programs – Nearly half (45%) of women in Asia Pacific said that managing family responsibilities often impedes their professional development. Organizations can reduce this burden by implementing supportive policies to give parents and carers additional time and flexibility when needed.
  4. Start mentoring programs and community groups – A lack of career guidance and support is one of the top three hurdles facing working women in the Asia-Pacific region, according to the LinkedIn study. Professional networking groups and mentoring programs can help fill this gap and enable problem sharing and resolution in supportive circles.
  5. Help women learn new skills and look for opportunities – Women need access to relevant knowledge and experience in order to progress, but lack of skills is seen as one of the main obstacles holding women back. Businesses can help fill this gap by investing in regular learning and development programs to help women stay up to date on their career path.

“There is strength in numbers,” Ang said. “As more organizations come together, we can do more to achieve equitable recovery for all. It always starts with a small step – from promoting open conversation about diversity and equality to advocate practical initiatives from flexible working hours to mentoring programs. “

Don’t Miss: Women need better control over their personal finances. Here is how

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Categories
Politics

Cuomo sexual harassment probe attorneys appointed, impeachment mulled

The New York attorney general on Monday appointed a former top federal attorney and a senior labor lawyer to lead the investigation into allegations that Governor Andrew Cuomo sexually molested several women.

Also on Monday, a spokesman for the New York Congregation minority leader William Barclay told the media that a Republican-sponsored resolution to initiate impeachment proceedings against Cuomo would be introduced by the end of the day.

Republicans have a relatively small minority of seats in the assembly and cannot force Democrats to indict Democrat Cuomo.

However, there were growing calls from the Democrats for Cuomo to step down. The governor has said he will not resign voluntarily.

In another development on Monday, Cuomo said his attorney, Kumiki Gibson, would be leaving that post to take a position in the private sector. Beth Garvey, who is Cuomo’s special advisor and senior advisor, will take on Gibson’s acting job.

Garvey was implicated in a failed attempt to induce a former federal judge, instead of Attorney General Letitia James, to investigate allegations that Cuomo molested former aides and behaved inappropriately with other women.

After a backlash to the idea, Cuomo’s office suggested that James share oversight of the probe with the state’s chief judge. The attorney general denied the agreement, and the governor’s office then said it would ask them to oversee the investigation on their own.

James said Monday the investigation would be led by Joon Kim, who served as acting U.S. attorney for the Southern District of New York from March 2017 through the following January, and Anne Clark, who has represented numerous plaintiffs in sexual harassment lawsuits .

Kim is a partner at Cleary Gottlieb Steen & Hamilton law firm, while Clark is a partner at Vladeck, Raskin & Clark.

“The people of New York deserve a full and independent investigation into these allegations, and I am determined to persevere,” said Clark in a statement released by James’ office.

In a statement, Kim said, “These are grave allegations that require strict and impartial investigation. We will act sensibly and pursue the facts wherever they lead.”

James also named three other lawyers, Jennifer Kennedy Park, Abena Mainoo, and Yannick Grant, to help conduct the investigation.

“We are committed to an independent and thorough investigation into the facts,” said James.

Kim and Clark “are independent legal professionals with decades of experience conducting investigations and fighting to uphold the rule of law,” said James.

“There’s no question that they both have the knowledge and background to lead this investigation and give New Yorkers the answers they deserve.”

Debra Katz, attorney for one of Cuomo’s accusers Charlotte Bennett, said the selection of Kim and Clark “shows that Attorney General Letitia James takes this matter very seriously”.

“We are encouraged by the experience and background of the attorneys who will investigate Charlotte’s claims and expect the investigation to extend into the claims of the other women we know are out there,” said Katz.

It is important that this investigation not only focus on what Governor Cuomo said and did. It also needs to focus on the culture of secrecy, abuse and fear he has cultivated among his staff – often below Violation of the laws he signed protecting workers from sexual harassment. We look forward to working with investigators. “

The investigation began on February 24 when Lindsey Boylan, a former state business development official, wrote in a Medium post that Cuomo had “abused his governor power to sexually harass me, as he did.” many other women did. ” . “

Boylan, who is running for Manhattan District President, wrote that Cuomo kissed her once without her consent and suggested as a joke that they play strip poker while on an official flight. The governor’s office declined Boylan’s account.

Days later, another former Cuomo aide, Bennett, told the New York Times that he had asked her questions about her sex life and whether she “had ever been with an older man.” Bennett, who played soccer against one of Cuomo’s daughters in middle school, is 25 while the governor is 63.

Shortly after this article, the Times published claims by former Obama’s White House employee Anna Ruch that Cuomo put his hand on her bare lower back at a wedding reception and told her that she looked “aggressive” when he was with her His face and then asked if he could kiss her.

Cuomo has said that he “never made progress” to Bennett.

However, he also apologized last week and said, “I understand now that I acted in a way that made people feel uncomfortable. … It was unintentional.”

Karen Hinton, who served as Cuomo’s press secretary for the US Department of Housing and Urban Development, told the Washington Post recently that Cuomo invited her to his Los Angeles hotel room and hugged her in 2000 when she tried to leave the room and pull her back to him when she moves again to leave.

Ana Liss, who had worked as the governor’s advisor to Cuomo, told the Wall Street Journal that he hugged her, kissed her on both cheeks and grabbed her waist.

Cuomo’s office flatly denied Hinton’s account, saying it “didn’t happen”. Referring to Liss’s allegation, his office said that Cuomo had a known habit of kissing and posing for pictures to both men and women.

“That’s what people do in politics,” said Cuomo’s senior advisor Rich Azzopardi.

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Classes From a 12 months of Pandemic Spending

“He suffered,” she said. “But he wasn’t ready to die.”

Mrs. Smith visited him every other day, sometimes taking steak sandwiches, pizza, and other favorite foods from him. And she often ate dinners and snacks from the nursing home – which didn’t cost her anything. She now prepares all of her meals at home and spends about $ 60 a week on groceries including the fish cakes, which she practically makes a living on. That’s about twice what she’d spent eating with Bruce.

She said she didn’t realize how much her life revolved around these visits and the friends she made in the nursing home, which she continues to work through with the help of several grief groups. “Suddenly I didn’t have it anymore,” she said.

During the summer, she gardened and grew her own vegetables in raised beds, including peppers, pumpkin, cucumber and cherry tomatoes. That helped improve her bottom line: “I’ve saved so much money on products,” she said. “I hardly went to the grocery store.”

In a typical year, Ms. Smith would have spent about $ 2,000 traveling to Denver to attend mineral shows and buy supplies for her jewelry business while also taking a few days off to relax. But the pandemic has forced Ms. Smith, who wanted to work and save until she was 70, into partial retirement.

She stayed afloat for some time to increase unemployment benefits, but the additional federal cash expired in the summer and her state benefits expired in mid-December. The checks didn’t come back until early February when the year-end stimulus bill went into effect for them. Ms. Smith started collecting Social Security a few months before she would have received full benefits, which reduced her payments by $ 16 per month, and began to immerse herself in her retirement plan.

“I didn’t plan that,” she said. “I want to work.”

Ms. Smith’s house is being repaid, but her annual property taxes of $ 5,000, some of which are due in late May and August, are an impending expense. Her car, an 11-year-old Chevy Aveo, still drives hard even after paying just $ 1,500 to replace the clutch. She is naturally frugal and not a big buyer. But she gets a thrill when she finds an almost new product on the flea market – be it a beautiful sweater or unworn leggings. One of the few services she indulges in is hiring a landscaper to cut her grass in warm weather.

But she longs for her life as it was. When the pandemic is over, Ms. Smith said she will return to the dance classes she took at nearby Lehigh University and would like to return to teaching yoga and selling jewelry. She itches to travel again – as she did before her husband’s health deteriorated – and hopes to visit Alaska.