In March 2017, Anthony Bourdain had an idea for a book but no time to write it. Since he started travelling and eating on camera with the Food Network’s A Cook’s Tour in 2000, the chef, frequent dropper of F-bombs and insatiable eater of delicious things had spent the majority of his time in the field, most recently for his CNN show, Parts Unknown. Bourdain and his team decided he would carve out some time to write in the summer of 2018, when he would have a few rare continuous weeks at home during a break in filming. That, of course, never happened, as Bourdain died by suicide in June 2018. Nevertheless, almost three years after his death, and after a pandemic that almost completely shut down international travel, Ecco will publish World Travel: An Irreverent Guide by Bourdain and his longtime assistant (or “lieutenant,” as he often referred to her), Laurie Woolever. “To me, there was no question that the book would go on,” Woolever said in a recent video call from her home in ... » Learn More about How do you write an Anthony Bourdain travel book without Anthony Bourdain?
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NEW YORK: Racial inequality has cost the US economy $16 trillion in wealth over the last two decades, Citigroup said in a report Thursday (Friday in Manila). The banking giant — pointing to the drag from unequal pay, housing discrimination, education disparity and other longstanding ills in the United States — simultaneously pledged $1 billion in initiatives for Black-oriented business needs. “Addressing racism and closing the racial wealth gap is the most critical challenge we face in creating a fair and inclusive society and we know that more of the same won’t do,” said Citigroup Chief Executive Michael Corbat in a press release. “Citi is committed to leading the way and investing in communities of color to build wealth and strong financial futures.” The glossy 104-page report, which features a photo of a fist-bump between a white and Black person on its cover, lays out a gamut of issues, including policing and voting rights. Its release come as US businesses face pressure to ... » Learn More about Racial inequality costs US $16T – Citi
NEWS that American banking group Citigroup Inc is closing down its consumer banking business in 13 markets, including Malaysia, does not come as a surprise and has ignited fresh concerns that competition in the banking space can only get more heated. With costs increasing 3% to 5% yearly on a general basis and product and servicing charges remaining flat or on a decline, observers say it is now not only the smaller consumer-centric banks that are struggling but lenders of all sizes. “With the onslaught of fintech startups and new digital banks, big existing lenders need to consider restructuring their businesses as the consumer business will come under severe margin pressures in the coming years, ” a former foreign bank CEO tells StarBizWeek. On Thursday, the New-York based Citigroup said it will exit the consumer banking business in 13 countries across Asia and Europe as well as the Middle East and African region. Instead, it will operate its consumer-banking business from ... » Learn More about Citi’s exit from consumer banking is ‘no surprise’