By Jennifer Smith WSJ Kimberly Chin WSJ Mon., May 13, 2019 Amazon.com Inc. will pay its employees to quit and will help them start their own local package-delivery businesses, as the e-commerce giant competes for delivery drivers in the tightest U.S. labor market in 50 years. Transportation operators, from long-haul truckers to retail chains like Walmart Inc. to startups such as Deliv, are increasingly competing for people to help them carry the millions of packages that are moving each day around the country. Demand for so-called last-mile delivery is booming as more Americans shop online. Amazon has been expanding its own logistics and delivery operations, although it still relies heavily on the U.S. Postal Service and others to carry most of its orders to people’s homes. In an effort to handle more of those packages itself, the company announced a program last June that invited entrepreneurs to form local delivery operations with dozens of drivers in … [Read more...] about Amazon to help employees start their own delivery business
Ship top speed
THE US-CHINA TRADE IMPASSE The deadlock is not about to be resolved any time soon. We have not heard all that much from the Chinese government directly but editorials from Chinese media are now giving us a sense of the way Beijing is viewing the current impasse. The People’s Daily wrote that “at no time will China forfeit the country's respect” while The Global Times said “the perception that China cannot bear it (a trade war) is a fantasy and misjudgment”. So what? That the debate is now being framed, not in purely economic terms, but in terms of respect and dignity will make a deal that much harder to reach. There is very little room when one is negotiating with dignity on the line. Trade talks have come back from the brink before, but given the perception of Beijing in Washington is worsening, and vice versa, few are predicting a rapid end to the trade war. What if talks fail: Expect a significant fallout that will impact the global economy. The … [Read more...] about Asian Insider May 13: What if trade talks fail?
By Carola Vyhnak Special to the Star Tues., May 7, 2019 When Leisse Wilcox got married, she happily delegated household finances to her husband. “Wilfully oblivious” she calls her former self. But everything changed when her 14-year relationship ended in 2015, and the Cobourg stay-at-home mother of three suddenly had to navigate money matters. It was “frightening,” Wilcox recalls. “I had shame for being divorced and knowing nothing about money. And I was 36.” With the departure or death of a partner who oversees finances, their mate can be left floundering. Add emotional upheaval, grief and even guilt, and suddenly just paying the bills can be overwhelming. In Wilcox’s case, becoming suddenly single had an upside once she learned to “turn the ship around.” Today she’s a confident and outgoing entrepreneur, homeowner and self-described “financial nerd” who’s teaching her own … [Read more...] about How to survive and thrive financially after becoming single
WASHINGTON (REUTERS) - Deepening Chinese activities in the Arctic region could also pave the way for a strengthened military presence, including the deployment of submarines to act as deterrents against nuclear attack, the Pentagon said in a report released on Thursday (May 2). The assessment is included in the US military's annual report to Congress on China's armed forces and follows Beijing's publication of its first official Arctic policy white paper in June. In that paper, China outlined plans to develop shipping lanes opened up by global warming to form a "Polar Silk Road" - building on President Xi Jinping's signature Belt and Road Initiative. China, despite being a non-Arctic state, is increasingly active in the polar region and became an observer member of the Arctic Council in 2013. That has prompted concerns from Arctic states over Beijing's long-term strategic objectives, including possible military deployments. The Pentagon report noted that Denmark has expressed concern … [Read more...] about Pentagon warns on risk of Chinese submarines in Arctic
LOS ANGELES/WASHINGTON: Amazon's promise of one-day shipping threatens to upend the retail sector, but its rivals’ physical stores give the likes of Walmart and Target powerful assets that Amazon itself is scrambling to match.Amazon.com Inc, seeking to stem slowing sales growth, is plowing US$800 million this quarter alone into its next-day package delivery project, something even Walmart Inc, the world's biggest retailer, will be hard-pressed to duplicate.But there is another battle brewing behind the scenes, with Amazon racing to reproduce the assets of the businesses it aims to upend. The move to expedite shipping is a sign of growing pressure from such brick-and-mortar competitors, experts said.The e-commerce giant, which has a mixed record with brick-and-mortar retail projects, is racing to open shops that sell top-selling items ranging from books to cell phones; rolling out same-day curbside grocery pickup – a service popular with time-crunched suburban Walmart and … [Read more...] about Amazon speeds up shipping, but rivals’ stores buck its challenge