Task and Purpose: Irresponsible Journalism 101

Task and Purpose

Here’s a great example of irresponsible journalism. Back in 2107, the website Task and Purpose ran a hit piece titled “6 Types Of Dudes Being Mad In Their Cars On Video“. The writer Francis Horten, mistakenly reported that I (Thomas Dishaw) was the man in this video “US Army Veteran Gives Dire Warning, Its Time To Prepare”. The writer thought that since I uploaded the video to my YouTube account, I must be the person in the video, they were WRONG. I have since deleted this video so I cant be confused with the guy in the video, unfortunately, the writer managed to bunch me together with the likes of Alex Jones and a few other losers.

Here’s a clip from the Task and Purpose article.

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I love Sticker Mule and you should too

Sticker Mule

Sticker Mule is an amazing company, besides having one of the best marketing departments in the industry (sign up for their newsletter), they are experts at producing top-quality stickers, labels, magnets, buttons, and packaging, no matter what size your print run.

Sticker Mule also likes to develop free stuff that you can actually use, their latest offering, Trace is a game-changer for lazy people like me who don’t like to spend 20 minutes in Photoshop removing a background . Just check out the before and after pictures below, and did I forget to mention Trace is FREE…Enjoy.

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R.A. The Rugged Man: The U.S. Government is trash

R.A. The Rugged Man

Unlike most artists R.A. The Rugged Man isn’t a slave, he’s willing to speak his mind no matter how controversial the issue. Imagine a mainstream douchebag (insert any name) having the balls to call out the U.S war machine and its fake two-party system, I can’t think of any.

There aren’t many artists left like R.A. The Rugged Man, society has been watered down with politically correct yesmen who are not willing to take a stand on any controversial issues. With a new album on the way R.A. The Rugged Man is still willing to put his career and endorsements on the line with an Instagram post that calls out the United States Government for what it is, TRASH!

I commend you.

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Two new Esham albums coming in February 2020

Esham albums

Two new Esham albums are set to drop February 2020 according to a recent social media post from the king of the “wicket shit”.

Esham took to Facebook to announce the release of not one, but two albums in February. The first album titled “She Loves Me” is slated to drop Sunday, February 2, 2020. The second, “She Loves Me Not” will be released on Thursday, February 20, 2020.

Never one to follow a trend, Esham is bucking the new industry standard of putting out 20-minute albums by releasing two full-length albums of 15 and 16 tracks respectively.

A video of a text exchange Esham received from an unknown fan was posted on his page. I’m not sure if the text is real or a publicity stunt for his new albums, but it sure is hilarious.

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Morgan Stanley Eliminates About 1,500 Jobs in Year-End Cuts

Morgan Stanley is cutting about 1,500 jobs globally, including several managing directors, as part of a year-end efficiency push.

The cuts are skewed toward technology and operations divisions, but also include executives in sales, trading and research operations, people with knowledge of the matter said. The reductions amount to about 2% of the firm’s workforce, according to one of the people, who asked not to be identified because the information is private. The bank plans to take a charge in the range of $150 million to $200 million in its fourth-quarter results tied to the cost of the cuts, one person said.

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Empty container movements signal freight shift to the East Coast

Like a pendulum that reached its maximum height in one direction that has begun to accelerate towards equilibrium, volumes of empty containers are shifting to the East Coast over the past few weeks.

The number of empty containers moving into the Elizabeth New Jersey market over the past two weeks has almost tripled, while inbound empties moving to the Los Angeles market has dropped 46%. Pair that with the fact outbound Los Angeles trucking volumes have dropped approximately 14% since the start of November, it seems the country’s capacity is in need of re-balancing. The question to ask is whether this is a proactive or reactive move to import behaviors by the large shipping companies and what does this mean for domestic freight.

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Thanksgiving Day shopping frenzy tops record with $4.1B spent

Shoppers on Thursday weren’t slowed down one bit by their huge turkey feasts.

Consumers spent a staggering $4.2 billion online on Thanksgiving, a 14.5 percent from last year and a record high, according to new figures published by Adobe Analytics on Friday. This marks the first time that Thanksgiving shopping has surpassed $4 billion.

In total, e-commerce behemoths saw a 244 percent boost in sales on Thanksgiving, while smaller retailers experienced a 61 percent jump.

Phones played a huge role in the spike in Turkey Day shopping: Overall, nearly half of the revenue — 44.9 percent — stemmed from people’s smartphones, a 24.4 increase over last year.

“Thanksgiving … has fast become a favored day by consumers for accelerating their holiday spending and shopping efforts,” Jason Woosley, vice president of commerce and platform at Adobe, said in a statement. “Don’t expect the momentum to slow down anytime soon.”

Black Friday sales are on track to hit $7.4 billion; as of 9 a.m. ET on Friday, shoppers already spent $600 million online, representing a 19.2 percent increase from last year.

The full holiday season — which is six days shorter than is typical, because Thanksgiving fell on the fourth Thursday in November, the last possible date it could be — is expected to bring in $143.7 billion in online spending. That’s a 14.1 percent increase compared to 2018.

Boscov’s, the largest family-owned department store chain in America, saw “very healthy” sales increases on Thursday evening and Friday, CEO Jim Boscov told FOX Business.

The company, which has more than four-dozen stores across the mid-Atlantic, has worked hard to shield shoppers from rising costs, a result of the billions of dollars stemming from the U.S.-China trade war.

“So much of the year’s business is done in these few weeks” that it’s important to limit price increases in the period as much as possible, Boscov said. Some of the levies could be avoided by placing orders before they took effect, he said, and suppliers sometimes absorbed the impact if their profit margin was sufficient.

CONTINUE @ FOX

Target’s apparel sales are on fire. And that’s bad news for everyone else

While Walmart is finding strength in grocery, Target is finding it in apparel.

The retailer said the apparel category reaped the most “dramatic” market share gains in the latest quarter, when it reported earnings on Wednesday. It said apparel sales were up more than 10%, which also helped strengthen Target’s profit margins.

Clearly, Target’s efforts to get back to being known as “cheap chic” are working.

In the fashion department, it has refreshed stores to make individual brands look more like their own mini boutiques, with more mannequins and table displays showing off merchandise. It has launched dozens of in-house apparel brands over the past three years, such as “A New Day” for women, “Auden” for lingerie and Goodfellow & Co. for men. They’re all reasonably priced, with guys’ winter sweaters selling for under $30 and a women’s party skirt for $27.99.

Notably, Target is succeeding at a time when others are struggling to sell clothes.

Teen apparel retailer Forever 21 has filed for bankruptcy. And Kohl’s, when it reported earnings Tuesday, said women’s apparel was its weakest category during the period. Gap’s brands, including what had been its fast-growing Old Navy label, are struggling. Dressbarn is wrapping up liquidation sales at its remaining stores. Amazon keeps trying to grow in fashion but has struggled to persuade shoppers to buy more than basic apparel from its site.

“I think our commitment to our new store operating model, where we have dedicated business owners in that apparel category … is really driving great results,” Target CEO Brian Cornell said on a post-earnings call with analysts. “The combination of the work we’ve done with our own brand assortment, adding some new national brands like Levi’s in select stores, the service that we’re delivering in store, and the inspiration we’re creating online has really come together.”

CONTINUE @ CNBC

Audi to Cut 9,500 Jobs to Boost Profit

Volkswagen AG VLKAF subsidiary Audi AG has reached an agreement with its work council to lay off up to 9,500 employees by 2025, the company announced on Tuesday.

‘Demographic Curve’

The cuts will mostly happen “along the demographic curve” –  through employee turnover or an early-retirement program.

Audi said that the layoffs would save the company $6.6 billion that it will use for “electrification” and “digitalization” in its future projects.

The luxury carmaker plans to create 2,000 new “expert position” for electric vehicles. It will prioritize filling these positions from within the company and look outward to fill any remaining roles.

Work Council Enforces Favorable Terms For Employees

As the Wall Street Journal noted, Germany’s laws require companies to fill half of the non-executive supervisory board with non-management level employees — giving them a better bargaining position when it comes to job cutting.

The terms that the Audi’s Work Council agreed to require Audi to guarantee that there would be no layoffs in the next ten years, i.e., until November 29, 2029.

CONTINUE @ BENZINGA

Mercedes-Benz owner Daimler to cut 10,000 jobs worldwide

Luxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric.

The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 billion) in staff costs by the end of 2022 as it joins rivals in investing huge sums in the greener, smarter cars of the future.

“The total number worldwide will be in the five-digits,” Daimler personnel chief Wilfried Porth said in a conference call about the job cull.

He declined to give a more detailed breakdown.

The group said in an earlier statement that “thousands” of jobs would be axed by the end of 2022, after clinching a deal with labour representatives.

The cull includes slashing management jobs “by 10 percent”, Daimler said, reportedly amounting to some 1,100 positions around the world.

“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said.

“The development towards CO2-neutral mobility requires large investments,” it added.

Along with other manufacturers, Daimler is scrambling to get ready for tough new EU emission rules taking effect next year, forcing it to accelerate the costly shift to zero-emissions electric cars and plug-in hybrids.

The group, which employs 304,000 people globally, said the job cuts would be achieved through natural turnover, early retirement schemes and severance packages.

CONTINUE @ IBT

Cable Execs Now Falsely Claiming Cord Cutting Is Slowing Down

At no point has the cable industry or its executives been particularly keyed in to the “cord cutting” threat. As streaming video has chipped away at their subscriber bases, most cable giants like Spectrum and Comcast have responded by raising prices. And when confronted by growing evidence that cord cutting (defined as cutting the TV cord but keeping broadband) was a growing trend, most of these same executives spent years first denying cord cutting was happening, then trying to claim the only people doing so were lame man-children living in their moms’ basements.

Charter CEO Tom Rutledge was a key part of this cable executive myopia, both failing to see the trend coming, then failing utterly to respond to it in any meaningful way. The result: Charter has been losing subscribers for years, last quarter losing 75,000 cable TV customers. That’s not as bad as the 1.36 million pay TV customers lost by AT&T in the same period, but it’s not what you’d advertise as “good,” either.

Having no meaningful reputation on this subject to stand on, Rutledge last week tried to insist that the threat of users cancelling bloated, costly pay TV bundles and moving to streaming was a phenomenon that would soon slow down:

“I think in aggregate they’re going to slow down,” said Rutledge. “Because I think most single-family homes have big TVs in them and that’s where you get sports, that’s where you get news, that’s where you get live TV like this. It’s still going to be under price pressure. I’m not saying the category isn’t under pressure. But I think the rate of decline will slow.”

But there’s no actual evidence to support that conclusion. Cord cutting has only been accelerating and breaking records throughout 2019. And with a number of high profile streaming alternatives like Disney+ and Apple TV+ having launched this month, there’s absolutely no indication that trend is going to change. That’s something being made clear at research firms like UBS, which is actually predicting that things will be getting slightly better for AT&T, and marginally worse for cable giants like Charter:

CONTINUE @ TECH DIRT