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Toys ‘R’ Us Considering $2 Billion IPO For Asia Business: Report

Toys “R” Us announced in September it filed for bankruptcy in the face of declines in revenue, given the price competition from online retailers and its inability to service debt. While the company’s North American business is in the doldrums, it seems to be doing quite well in Asia, where a report Tuesday claimed it was considering a $2 billion initial public offering (IPO). The Asian subsidiary, Toys “R” Us Asia, was set up in 1986, and the parent company holds about 85 percent stake in it, the rest owned…

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Business 

Martha Stewart Knives Recalled After Reports Of Injuries From Handles Breaking

Martha Stewart Collection Whiteware cake knife and server sets sold at Macy’s have been recalled after reports of lacerations resulting from handles of both products breaking while in use. In at least one instance, a cut from a broken handle required stitches. The U.S. Consumer Product Safety Commission last week advised anyone who purchased the set to immediately cease using the products and contact Macy’s for a refund. According to the CPSC, lacerations suffered by users occurred after breaks where the blades met textured ceramic handles on both products, which each…

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Bed Bugs On British Airways Flight Bite Canadian Mother, 7-Year-Old Daughter

A woman from Canada has slammed British Airways after she and her 7-year-old daughter were bitten by bed bugs during one of its flights. Photos of the woman’s and her daughter’s bed bug bites were shared by media outlets.  The woman, identified as Heather Szilagyi, claimed that she and her daughter were traveling on a flight from Vancouver to London when she noticed the bugs crawling over her seat. The bugs reportedly came out from behind her in-flight TV frames and food tray during the journey. “It was about half-an-hour to an hour into the…

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American Airlines Removed Activist Tamika Mallory From Flight, Accused Of Racism

New York activist Tamika Mallory has accused American Airlines of removing her from a flight in Miami after a pilot got into an argument with her following her seat assignment dispute.  Mallory, a co-chair of the Women’s March on Washington, had an argument with a gate agent. A pilot later followed her to scold her over her earlier dispute and summoned her from her seat and kicked her off the flight, New York Daily News reported Sunday.  “It definitely was white male aggression. I was singled out, I was disrespected,…

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Business 

Do Tax Cuts Stimulate The Economy More Than Spending?

During the presidential campaign, Donald Trump promised to boost the economy both by  cutting taxes and investing more money in infrastructure. Usually, however, politicians and policymakers have favored one type of stimulus over the other. Conservatives like tax cuts, while liberals favor more spending. In the Trump administration, tax cuts appear to have won the argument for now. Republicans  unveiled the blueprint of a major tax overhaul, which White House officials predict will boost economic growth to more than 3 percent a year. In the meantime, infrastructure investment remains on the back-burner. Did they make…

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Business 

How The US Government Created And Coddled The Gun Industry

After Stephen Paddock opened fire on Las Vegas concertgoers on Oct. 1, many people responded with calls for more gun control to help prevent mass shootings and the routine violence ravaging U.S. neighborhoods. But besides a rare consensus on restricting the availability of so-called bump stocks, which Paddock used to enable his dozen semi-automatic rifles to fire like machine guns, it’s unclear if anything meaningful will come of it. If advocates for reform despair after such a tragedy, I can understand. The politics seem intractable right now. It’s easy to feel powerless. But what I’ve learned from a decade of studying the history of…

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Business 

Elon Musk’s Dazzling Mars Plan Isn’t So Pretty Up Close

Elon Musk has a plan, and it’s about as audacious as they come. Not content with living on our pale blue dot, Musk and his company SpaceX want to colonize Mars, fast. They say they’ll send a duo of supply ships to the red planet within five years. By 2024, they’re aiming to send the first humans. From there they have visions of building a space port, a city and, ultimately, a planet they’d like to “geoengineer” to be as welcoming as a second Earth. If he succeeds, Musk could thoroughly…

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Business 

3 Reasons Why We Are Addicted To Smartphones

Apple recently announced the launch of its iPhone 8 and iPhone X, which come with sleek, new features. Apple also hopes to start a new community around the iPhones. Ahead of the launch, Angela Ahrendts, head of retail at Apple, said their stores will be called “Town Squares,” and would double as public spaces, complete with outdoor plazas, indoor forums and boardrooms. The much-anticipated product launch was followed by millions who watched the event via livestream and on internet forums, blogs and in the news media. I, too, was among them. So, what…

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Flight 666 Heads To ‘HEL’ On Friday The 13th

Few holidays draw as much superstition around the paranormal as Friday the 13th — particularly in the rare occasion that it falls in October, thereby preceding Halloween. Perhaps this was why the internet was pleased to have discovered a Helsinki-bound plane with the flight number 666 — the infamous Number of the Beast described in the New Testament’s Book of Revelations — departing on the purported unlucky day. A screen grab of the flight was posted by Sweden-based air traffic tracker Flightradar24, which tweeted: “Flight 666 on #FridayThe13th is now…

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Who Is Xu Jiayin? Real Estate Tycoon Becomes China’s New Richest Man

Xu Jiayin, founder of Evergrande Group — one of the most aggressive property developers in China — has become the country’s richest man, according to a survey released Thursday by The Hurun Report, which tracks wealth in the country. Jiayin, 59, also known as Hui Ka Yan, surpassed real estate and entertainment magnate Wang Jianlin off the top of China’s rich list to become the country’s wealthiest man.  Jiayin’s wealth quadrupled to US$ 43 billion in 2017, according to The Hurun Report. The report’s list of wealthy people in China points toward a dynamic economy fueled…

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