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Nike will offer major discounts on shoes, apparel following a report of excess product - fox29.com - New York - Los Angeles - Jordan
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Nike will offer major discounts on shoes, apparel following a report of excess product
LOS ANGELES - Consumers who are sick of the ongoing impacts of inflation are soon to experience a bit of relief following an announcement from Nike which plans to liquidate some of it's products following a recent flood of inventory. According to a report by The New York Post, Nike said it's planning to offer sales of up to 44% overall and 65% in North America, the company as it reported for its latest quarter last week. The company is blaming supply chain issues for a lag in product movement which resulted in the company overstocking some items while others arrived late. "We effectively have a few seasons landing in the marketplace at the same time," chief financial officer Matt Friend said on an earnings call with analysts on Thursday, adding that some of that inventory is now "seasonally out of relevance" and will be cleared out more quickly to make room for the "newest and best inventory."  So what does this mean for shoppers? Big discounts, and just in time for the holidays. There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.Nike wants to get rid of excess products sitting on its shelves and fast. Many sneakerheads have noted a variety of Jordan shoes and other Nike shoes that normally sell out quickly, collecting dust on shelves. Photos of these normally highly sought after shoes were posted on social media in an attempt to show the impacts of the ongoing economic downturn.  
Hackers release LAUSD data after ransom denied - fox29.com - Los Angeles - city Los Angeles
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Hackers release LAUSD data after ransom denied
Los Angeles Unified School District, officials confirmed Sunday.The data was released Saturday -- two days before a deadline previously given by the hackers -- in an apparent response to LAUSD Superintendent Alberto Carvalho's stated refusal to pay ransom to an international hacking syndicate, the Los Angeles Times reported.The newspaper said it reviewed screenshots from the hack that appeared to show some Social Security numbers, but the full extent of the release was not clear.District spokeswoman Shannon Haber would not confirm the release when reached by City News Service on Sunday.The group claiming responsibility for the cyberattack had set a Monday deadline for the district to pay a ransom to the organization.In a dark web post detected and reprinted by Brett Callow of the cybersecurity firm Emsisoft, the hacking syndicate Vice Society listed the LAUSD as one of "our partners," and stated, "The papers will be published by London time on October 4, 2022 at 12:00 a.m."The post did not give any indication about what information had been obtained or what would be published.Carvalho previously acknowledged that the district received a ransom demand from the group responsible for the Labor Day weekend hack -- which he declined to name."We can acknowledge ... that there has been communication from this actor (hacker) and we have been responsive without engaging in any type of negotiations," he told reporters.
HRCSL to investigate causes of economic crisis - newsfirst.lk - Sri Lanka
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HRCSL to investigate causes of economic crisis
COLOMBO (News 1st) – The Human Rights Commission of Sri Lanka has planned to initiate an investigation into the causes of the economic crisis in the country.The HRCSL said that special attention will be given to the impact of ever-changing political reasons that resulted in policy changes within the economy.Moreover, the Commission  expects to pay attention to the way in which authorities have acted in making policy decisions that caused the economic downturn, such as ignoring national interests while separating ministries from their scope.The commission also stated it expects to record statements from officials at the Central Bank of Sri Lanka, the Ministry of Finance, the ministries related to the implementation of national policies, which are directly related to the economy of the country, and those who are currently working at those institutions in addition to those who had worked at the relevant ministries in the past.Accordingly, the support of several economic experts will also be obtained for the relevant matter.The Human Rights Commission emphasized that the investigation is being conducted due to the violation of people's right to life through the economic crisis.Recently, the United Nations Human Rights Commissioner had also explained facts regarding the economic crimes in Sri Lanka in the report presented to the 51st Human Rights Council session held recently.In that report, she pointed out that in order to obtain a permanent solution to the economic crisis that has affected the human rights of all communities, attention must be paid to the corruption that is rooted in this country.The United Nations Human Rights Commissioner also emphasized the need to take action regarding past and recent human rights
Toddler cabinet latches sold at Walmart, BuyBuyBaby recalled over choking hazard - fox29.com - state Minnesota
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Toddler cabinet latches sold at Walmart, BuyBuyBaby recalled over choking hazard
Recalled Toddleroo rotating cabinet latch -closed (CPSC) Over 100,000 cabinet latches used for childproofing are being recalled for choking hazards, officials warned Thursday. According to the U.S. Consumer Product Safety Commission (CPSC), the latching button on North States Industries’ Toddleroo rotating cabinet latches "can dislodge and detach from the cabinet latches, posing a choking hazard to young children." The recall was initiated after North States Industries received 19 reports that the latching button had dislodged or detached. UPPABABY RECALLS OVER 14,000 STROLLERS AFTER CHILD LOSES A FINGERThis includes one instance where a child reportedly gagged on a dislodged button, according to the CPSC. The affected products were available for purchase nationwide at major stores including Walmart and Bed, Bath & Beyond's BuyBuyBaby from November 2019 through August 2022. The rotating cabinet latches were also available online at northstatesind.com during that same time. The products were sold in a package of four latches, each measuring 3 13/16 inches wide by 1 3/8 inches high by 1/2 inch deep and comes with application adhesive, the CPSC said. The affected UPC numbers, 0-26107-06178-2 or 0-26107-06177-5, can be found on the bottom left-hand corner of the product packaging, according to the release. North States Industries is based in Minnesota and makes safety gates, play yards, and mats for babies and pets, according to its website. Customers can complete a refund submission form.
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