Commerce Secretary Wilbur Ross told CNBC this morning that he doesn’t “quite understand” why federal workers lining up at food banks as the government approaches its fifth week of shutdown. “I know they are, and I don’t really quite understand why,” Ross said in response to a question about the food donations. “Because, as I mentioned before, the obligations that they would undertake, say borrowing from a bank or a credit union are in effect federally guaranteed.” Roughly 800,000 government employees are could miss their second paycheck this week, leading many to get necessary items like food from other places. The shutdown currently has no end in sight. “Put it in perspective, you’re talking about 800,000 workers, and while I feel sorry for the individuals that have hardship cases, 800,000 workers if they never got their pay, which is not the case they will eventually get it, but if they never got it, you’re … [Read more...] about Commerce Sec. Wilbur Ross: ‘I Don’t Understand Why’ Furloughed Federal Workers Are Going to Food Banks
Mukesh Ambani, Asia’s richest man, is set to take on Amazon's Jeff Bezos in India as the billionaire magnate launches his own rival e-commerce venture in the world's second most populous country. Reliance Industries, the Mumbai-headquartered conglomerate owned by Mr Ambani, is drawing up plans to roll out its online shopping services to 1.2m retail businesses in western India as competition to grab a share of India’s fast-developing e-commerce industry intensifies. Mr Ambani, who controls a $43 billion fortune in petrochemicals, energy, telecoms and textiles, is planning a push into the e-commerce space by adopting new technologies such as augmented reality to create an “immersive shopping experience” and compete with the likes of Amazon and homegrown competitor Flipkart. The e-commerce plans from the businessman will involve the combination of his mobile network operator Jio, which has 280m subscribers, with his … [Read more...] about Asia’s richest man to take on Amazon boss Jeff Bezos in India’s booming e-commerce sector
Charles E. Ramirez The Detroit News Published 2:25 PM EST Jan 11, 2019 Commerce Township — Two Detroit men were charged Friday in connection with a smash-and-grab jewelry theft Monday night at a Costco store in Commerce Township. Jajuan Profit, 18, and Raphael Simmons, 17, were arraigned in 52-1 District Court in Novi, according to the Oakland County Sheriff's Office. Profit was charged with a count of fleeing and eluding police, a count of resisting arrest and a count of armed robbery. All three crimes are felonies. A judge set his bond at $500,000. Simmons was charged with resisting arrest and armed robbery. A judge set his bond at $350,000. The armed robbery charge carries a penalty of up to 15 years in prison. The resisting arrest charge is punishable by up to two years in prison and fleeing police has a 2-year sentence. Police accuse the two men of stealing jewelry from the Costco. One of the men allegedly used an ax and the other used a sledgehammer to … [Read more...] about 2 charged in Commerce Twp. Costco jewel heist
opinion Edward Hudgins Published 8:58 PM EST Dec 24, 2018 Enjoy those gift packages delivered to your door this holiday season, because next year the U.S. Postal Service might become the Grinch and charge much higher delivery fees. If the USPS tries to bilk e-commerce companies that are making a huge contribution to the USPS balance sheet, it will be consumers and small businesses, especially in the U.S. heartland, that will be most harmed. Edward Hudgins is the research director of The Heartland Institute. He wrote this for InsideSources.com. … [Read more...] about Will USPS be a Grinch on e-commerce?
Norfolk Chamber of Commerce's Chris Sargisson. Picture: DENISE BRADLEY Archant The Norfolk Chamber of Commerce has announced a number of its first networking events for the new year. For more details about any of the events, visit the chamber’s website. • Great Yarmouth Business Breakfast Join the chamber at The Imperial Hotel in Great Yarmouth on January from 7.30am to 9.30a, for a morning of networking over breakfast. Natalie Haydon from Affinity Agency will be presenting on how to utilise paid strategies to gain cut through in an ever increasingly competitive market place. In her presentation she will be reviewing the various platforms and identifying which approaches work best for different business models, taking into account agency techniques and tools to ensure the best return on investment. • Super Bowl 2019If you need to get your team back into the spirit after the festive season, join the bowl off at Hollywood Bowl Norwich on January 24 from 6pm to … [Read more...] about Diary dates from the Norfolk Camber of Commerce