Nike thinks it has supply chain and marketing problems with its shoe manufacturing.
Nike Inc’s quarterly results highlight how some US brands have too much inventory at home and in markets like China, where the companies have placed big financial bets.
The sneaker giant on Thursday said revenue from China in the August quarter fell 16% to $1.65 billion, citing Covid-19 lockdowns in different cities hurting store traffic.
The People’s Republic of China represented some 13% of sales and 29% of earnings for Nike in its quarter ending last August.
…details in the implementation will matter, also. Competition always drives costs to a level approaching the cost of production, and that’s to the good, not only of consumers but for competitors and others looking to enter the market, as well.
On Monday, [Congresswoman and MD Mariannette (R, IA)] Miller-Meeks along with three of her colleagues introduced a bill titled the “Biologics Competition Act,” which seeks “to evaluate the process by which interchangeable biological products are approved to be used in pharmaceuticals.”
“So in essence, what we’re trying to get is biosimilar drugs that are the same chemically—that they have an equivalency to let those be prescribed as generic drugs, which would bring down the cost of medication[.]”
A number of credit card companies, on the demand of the Federal government as washed through the International Standards Organization, are going to start explicitly listing gun sales by lawful gun stores to individual average Americans. Among those credit card companies are Visa, Mastercard, and AmEx.
The Federal government now is going to track us average Americans and build a database of who among us has a firearm.
For what purpose?
…gun control advocates who argue that a separate category for gun store sales will help track suspicious quantities of firearm sales that could potentially lead to a mass shooting.
In the face of the Group of Seven Club’s moves to impose a price cap on Russian crude exports globally, Russian President Vladimir Putin now threatens
to curtail the export of grain from Ukraine and said Moscow was ready to extend its rationing of natural-gas exports and cut off oil and refined products if the West went ahead….
Mr Putin said Wednesday that Russia had contractual obligations on energy deliveries but would reconsider them if a price cap were imposed.
“We simply will not fulfill [our contracts]. In general, we will not deliver anything if it contradicts our interests,” he told an audience of officials and business leaders. “We will not deliver gas, nor oil, nor coal, nor heating fuel. We will not deliver anything.”
Penn Wharton has updated its estimate of the cost to us average Americans of President Joe Biden’s (D) bailout of student loans, expanding its estimate to more than $1 trillion.
The largest potential cost-driver Penn Wharton identified is the Biden administration’s new income-driven repayment plan, which includes capping monthly student loan payments at 5% of a borrower’s discretionary income and reforming the repayment guidelines to guarantee that no borrower who makes “about the annual equivalent of a $15 minimum wage” will have to make monthly loan payments.
Never mind that it’s an impossible task, or that California, Washington, and Massachusetts are deceiving all of us and themselves with their claim of and demand for zero-emissions in cars sold in those States. This is, to use the technical term, a crock. Zero-emission cars are an impossibility, and it will be an impossibility for the foreseeable future of human history.
…far beyond the process of getting soldiers and consumables to a battlefield and to the battlers.
In the aftermath of Germany’s—and much of Europe’s—considered decision to make themselves dependent on Russian natural gas and Russian President Vladimir Putin’s equally considered decision to limit and cut off natural gas supplies to Europe to try to coerce behaviors acceptable to Putin, Germany, et al., are (re)discovering the need for better logistics and logistical execution. The lessons are available to the US, too, if the government is willing to learn.
Europe’s energy crisis has unleashed a global battle over natural-gas tankers….
Chicago Mayor Lori Lightfoot has announced that Chicagoans can look forward to her planned bump in their property taxes of 2.5%, effective next year.
Maybe the increase is warranted, maybe it isn’t. Here’s the exercise. Lightfoot needs to release, for each of the prior five years, detailed line-item allocations of budgeted property tax collections and the production schedule for each of those allocated-for items.
That’s what President Joe Biden (D) said, just a few days ago, when overall inflation came out unchanged in July vs June. (I’ll elide, here, the year-on-year inflation rate of 8.5% in July, which is a little different from 0%.)
Today we received news that our economy had zero percent inflation in the month of July. Here is what that means: while the price of some things went up last month, the price of other things went down by the same amount.
Among those things whose price went up is food, which all of us need for survival, even as we don’t need gasoline or airline tickets just to survive.