Are female-led companies the answer to sexual misconduct?

NEW YORK — The Weinstein Co. thought it had found a path to survival. A group of investors led by a respected businesswoman offered to acquire the company, rebrand it and install a female-led board of directors. It was an eye-catching idea in a country where men dominate corporate boards in almost every industry. Unmoved, New York Attorney General Eric Schneiderman threw a wrench in the deal, filing a lawsuit against the company partly out of concern that executives who failed to protect Harvey Weinstein’s accusers would continue to run the operation. Swiftly, the Weinstein Co. fired its president and chief operating officer, David Glasser, late Friday, only five days… Read More

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Even as markets shook, many investors held steady

NEW YORK — This month’s sell-off for stocks marked the first big test of investors’ mettle in years. And many ended up doing exactly what the experts were recommending: hold steady. Even as stock markets tumbled around the world, putting a halt to an unusually calm and strong ride upward, many investors resisted the urge to sell in a panic and lock in the losses. Others plugged even more cash into their trading accounts after seeing prices for S&P 500 index funds drop by 10 percent within a couple weeks. At Fidelity’s retail brokerage, for example, customers continued to put in more buy orders than sell orders after the S&P… Read More

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The Home Front: Tiny home design at the BC Home + Garden Show

Innovative design is often the result of someone addressing a need and that’s certainly the case with Vancouver’s Mint Tiny House Company, which is exhibiting at the 47th annual BC Home + Garden Show, Feb. 21 to 25 at BC Place Stadium. Brian Persse moved to Vancouver from Ireland in 2013, and his Canadian brother-in-law asked him to build him a tiny home. Persse’s background was in construction and his wife Shannon was in real estate; together, they discovered there was real market for tiny homes and launched the Mint Tiny House Company. “Our initial focus was people who couldn’t afford to purchase a home themselves,” he says. “But the… Read More

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Airbnb and the Unintended Consequences of ‘Disruption’

The U.S economy is in the midst of a wrenching technological transformation that is fundamentally changing the way people sleep, work, eat, shop, love, read, and interact. At least, that’s one interpretation. A second story of this age of technological transformation says that it’s mostly a facade—that the last 30 years have been a productivity bust and little has changed in everyday life, aside from the way everyone reads and watches videos. People wanted flying cars and got Netflix binges instead. Let’s call these the Disrupt Story and the Dud Story of technology. When a new company, app, or platform emerges, it’s common for analysts to divide into camps—Disrupt vs.… Read More

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B.C. budget: The NDP’s first fiscal plan will likely not live up to voters’ many expectations

FILE PHOTO – B.C. Finance Minister Carole James leaves the legislative assembly after delivering the budget from the legislative assembly at Legislature in Victoria, B.C., on Monday, September 11, 2017. ” data-medium-file=”http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=300″ data-large-file=”http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=640″ src=”http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=640″ alt=”” srcset=”http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=640 640w, http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=150 150w, http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=300 300w, http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg?w=768 768w, http://wpmedia.vancouversun.com/2017/11/bc-budget-201709113.jpg 1000w” sizes=”(max-width: 640px) 100vw, 640px”> Finance Minister Carole James leaves the legislative assembly after delivering a budget update in Victoria on Sept. 11, 2017. She will deliver her party’s first full budget on Tuesday. Finance Minister Carole James will deliver Tuesday’s budget with the weight of 16 years of NDP expectations on her shoulders, and not enough money in the public purse to make good on… Read More

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Utah Community Credit Union president to retire March 31

PROVO — Following a career that’s spanned more than four decades, Jeff Sermon announced his retirement as president and CEO of Utah Community Credit Union effective March 31. He will be succeeded by Executive Vice President Bret VanAusdal. Sermon began his career with the credit union in 1976, when he was the sixth employee hired. Over the years he worked as a loan officer, branch manager, vice president and executive vice president. He was named president at CEO in 2003. Under his leadership, the credit union, founded in 1956, has grown to over $1 billion in assets with more than 170,000 members. VanAusdal brings 34 years of banking experience and… Read More

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Thousands of California employees’ data exposed

Associated Press SACRAMENTO — Officials say a former California state employee downloaded sensitive personal information on thousands of fellow workers, potentially exposing them to identity theft. The Sacramento Bee reported Friday that the information included Social Security numbers for Department of Fish and Wildlife employees and contractors. The breach was discovered before Christmas, but wasn’t disclosed to employees until this week. The California Highway Patrol is investigating. The department says the former employee did not appear to have had malicious intent. It did not say if investigators believe criminals might have accessed the data. The data includes names and Social Security numbers from employees who worked at the department and… Read More

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Utah’s Cotopaxi among first funded by AOL founder

SALT LAKE CITY — In a confluence of efforts centered on social consciousness, Utah gear company Cotopaxi is among the first companies to receive funding from Rise of the Rest. Rise of the Rest is an investment effort — launched by billionaire AOL founder Steve Case and “Hillbilly Elegy” author J.D. Vance — aimed at discovering and supporting innovation companies outside Silicon Valley and East Coast tech epicenters. The fiscal infusion, announced Friday, will help Cotopaxi expand its branded brick-and-mortar stores in select U.S. cities, with a Utah store slated to open in Murray’s Fashion Place mall, adding to the company’s original, and only, retail space in downtown’s City Creek… Read More

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Michelle Singletary: Four lessons from the stock market if you’re looking for love

There’s a lot that couples can learn from the turbulence we’re seeing in the stock market. Investors, like couples in love, can get lulled into such a blissful state that they forget that the honeymoon doesn’t last forever. After a long bull market, investors are reawakening to the reality that markets can fall — and fast. I was thinking about this correlation while considering writing a love and money column for Valentine’s Day. After the roses have wilted and the candy has been eaten, can your love withstand financial volatility? Here are four lessons couples can learn from the current stock market downturn. • You’ve got to have a plan.… Read More

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Apple gobbling up global smartphone and watch markets

It’s Apple’s world, and we are all living in it. In the fourth quarter of 2017, Apple’s iPhone captured a record 51 percent of the global smartphone revenue share, accounting for more revenue than the rest of the entire industry combined, according to Boston-based analytics firm Strategy Analytics. Apple made three times more revenue off its smartphones than Samsung and 7 times more than Huawei — the popular Chinese smartphone company whose partnerships with AT&T and Verizon were prematurely disbanded after pressures from the U.S. government over cybersecurity concerns. Despite declines in actual phone sales, the overall smartphone industry saw an 18 percent rise in revenue growth from a year… Read More

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