‘Outrage’ over Harvey Weinstein sex abuse settlement offer: Too little money for victims, too much for attorneys and Harvey

Harvey Weinstein leaves Manhattan Criminal Court, using a walker, following a hearing on December 11, 2019 in New York. “I think it’s an outrage,” said lawyer Thomas Giuffra of the proposed deal, which calls for a pool of $25 million to be set aside for Weinstein victims by insurers of the company that he ran with his brother Bob Weinstein. “It’s a lousy number, it’s way too low,” said Giuffra, who called the overall design of the settlement “crazy.” Douglas Wigdor, a lawyer for three Weinstein


Harvey Weinstein leaves Manhattan Criminal Court, using a walker, following a hearing on December 11, 2019 in New York.
“I think it’s an outrage,” said lawyer Thomas Giuffra of the proposed deal, which calls for a pool of $25 million to be set aside for Weinstein victims by insurers of the company that he ran with his brother Bob Weinstein.
“It’s a lousy number, it’s way too low,” said Giuffra, who called the overall design of the settlement “crazy.”
Douglas Wigdor, a lawyer for three Weinstein
‘Outrage’ over Harvey Weinstein sex abuse settlement offer: Too little money for victims, too much for attorneys and Harvey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: dan mangan contessa brewer, dan mangan, contessa brewer
Keywords: news, cnbc, companies, wigdor, deal, claims, money, company, weinstein, little, women, legal, harvey, sex, settlement, proposed, outrage, attorneys, victims, offer


'Outrage' over Harvey Weinstein sex abuse settlement offer: Too little money for victims, too much for attorneys and Harvey

Harvey Weinstein leaves Manhattan Criminal Court, using a walker, following a hearing on December 11, 2019 in New York. Bryan R. Smith | AFP | Getty Images

Lawyers for several women who claim fallen film producer Harvey Weinstein sexually abused them harshly criticized a proposed settlement of legal claims against The Weinstein Companies on Thursday, saying the deal offers far too little money to victims, far too much cash to Weinstein’s attorneys and possibly could financially benefit Weinstein himself. “I think it’s an outrage,” said lawyer Thomas Giuffra of the proposed deal, which calls for a pool of $25 million to be set aside for Weinstein victims by insurers of the company that he ran with his brother Bob Weinstein. “It’s a lousy number, it’s way too low,” said Giuffra, who called the overall design of the settlement “crazy.” The lawyer represents producer Alexandra Canosa, who has said Weinstein raped and sexually abused her. Douglas Wigdor, a lawyer for three Weinstein accusers said, “This is the worst settlement I’ve seen in my entire career.” “It’s a complete disaster,” Wigdor added. “It leaves very little to the victims.”

Wigdor represents actress Wedil David, who is opposing the deal. His other clients include a woman who was a minor at the time of the alleged abuse, who has a claim against Weinstein and the Disney company, and a woman who will testify against Weinstein in his criminal case. Both Wigdor and Giuffra, who practice in New York, said they will oppose approval of the proposed settlement, which would set aside an additional $12 million to pay toward the legal costs of Harvey and Bob Weinstein, as well as of such costs for directors of their company. The lawyers noted that if there is money left over from the victims’ settlement pool, it would go to business creditors of the company, as well as toward the directors’ and Weinsteins’ legal defense costs, leaving the brothers better off financially than they otherwise would be. Complicating the situation is the fact that lawyers for other women who have claims against Weinstein are in favor of the proposed deal, saying it is the best result possible in light of several factors, if not the ideal outcome. More than 30 women have accused Weinstein of sexual abuse, and additional claims by other women are considered likely. While some of the women are guaranteed $500,000 each, the other victims, both current and those with future claims, do not know how much they could get under the deal.


Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: dan mangan contessa brewer, dan mangan, contessa brewer
Keywords: news, cnbc, companies, wigdor, deal, claims, money, company, weinstein, little, women, legal, harvey, sex, settlement, proposed, outrage, attorneys, victims, offer


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Economist: The system is ‘flawed’ when most Americans have little or no retirement savings

At least one economist says that the problem lies primarily with the plans, not with Americans’ savings habits. Problems with the current systemAs more and more American employers move away from offering pensions, 401(k)s and similarly structured retirement plans have risen in popularity. But the biggest problem with relying on 401(k) plans to supplement Social Security benefits is that many people simply don’t have access to employer-based retirement plans. How to boost your savingsFor millenni


At least one economist says that the problem lies primarily with the plans, not with Americans’ savings habits.
Problems with the current systemAs more and more American employers move away from offering pensions, 401(k)s and similarly structured retirement plans have risen in popularity.
But the biggest problem with relying on 401(k) plans to supplement Social Security benefits is that many people simply don’t have access to employer-based retirement plans.
How to boost your savingsFor millenni
Economist: The system is ‘flawed’ when most Americans have little or no retirement savings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: megan leonhardt
Keywords: news, cnbc, companies, retirement, 401k, plans, morrissey, flawed, need, savings, little, americans, economist, plan, according, problem, system


Economist: The system is 'flawed' when most Americans have little or no retirement savings

It’s no secret that Americans are falling short when it comes to saving enough for retirement. But as a new report shows, many are disastrously unprepared — and that may point to flaws in the system. Progressive think tank the Economic Policy Institute found that Americans 56 to 61 had a median balance of $21,000 in their 401(k) accounts in 2016, which is the most up-to-date data on file. That total reflects almost 30 years of savings. Younger generations do not fare much better. Older millennials (ages 32 to 37) have about $1,000 saved in their 401(k)s. The problem is that while 401(k) plans are meant to supplement Social Security, the benefits distributed by the government agency are modest. Currently, the average Social Security retirement benefit is about $1,470 a month, or about $17,640 a year, according to the Center on Budget and Policy Priorities. Meanwhile, the typical American spent about $3,900 a month last year on basics such as food, housing, utilities, transportation and health care, according to the latest consumer spending data from the Bureau of Labor Statistics. Retirement accounts, ranging from pensions to 401(k)s to individual retirement accounts, are expected to fill the gap. But when it comes to 401(k)s, that’s not happening. At least one economist says that the problem lies primarily with the plans, not with Americans’ savings habits. “The system is designed to make people feel bad about themselves — everyone privately thinks that they’re screwing up. And yet if everyone is screwing up, then it’s clearly a system flaw,” Monique Morrissey, economist at the Economic Policy Institute and author of the report, tells CNBC Make It.

Problems with the current system

As more and more American employers move away from offering pensions, 401(k)s and similarly structured retirement plans have risen in popularity. But the biggest problem with relying on 401(k) plans to supplement Social Security benefits is that many people simply don’t have access to employer-based retirement plans. “The No. 1 problem is a coverage problem,” Morrissey says. Nearly 40 million private-sector employees do not have access to a retirement plan through their employer, according to a 2018 study by the U.S. Bureau of Labor Statistics. Most people without any 401(k) savings are in that position because they don’t have access to a plan at work, often because their employer doesn’t have a plan at all, they’re part-time or they haven’t been at the company long enough to qualify. Even if people are covered and participating in their retirement plan, Morrissey says “401(k) plans were not well designed to serve in lieu of a real pension.” First, 401(k) plans can be difficult for employees to navigate, even with changes lawmakers have put in place to make it easier for consumers to get started. Last year, 65% of companies with more than 5,000 employees automatically enrolled workers in 401(k) plans at a small set deferral rate, according to data from Vanguard. Many times, these programs will start employees off at a 3% contribution rate and gradually increase it to 6%.

The system is designed to make people feel bad about themselves — everyone privately thinks that they’re screwing up. And yet if everyone is screwing up, then it’s clearly a system flaw. Monique Morrissey economist with EPI

Yet even though these auto-enroll programs get consumers started, the projections and assumptions that they need to make can be difficult to navigate. To determine how much you should invest to retire comfortably, you need to broadly estimate your lifetime earnings, as well as make some assumptions on what market returns will look like. As Morrissey points out, small variations in those assumptions can make a huge difference. If you slightly tweak your expectations to be more pessimistic or more conservative, you could get results that specify you need to be saving close to half of your income. If millennials want to retire at 65 and have enough to live off even half of their final salary in retirement, for example, they would need to save 40% of their income over the next 30 years if investments return less than 3%, according to recent academic research from Olivia S. Mitchell, a professor and executive director of Wharton’s Pension Research Council at the University of Pennsylvania. That type of savings goal becomes “overwhelmingly impossible to do and people give up,” Morrissey says. Additionally, 401(k) contributions are voluntary and you can tap your funds for a variety of purposes before retirement, a situation that makes these types of retirement savings accounts more “vulnerable” than traditional pension benefits to economic downturns.

How to boost your savings

For millennials, the good news is that it’s not too late to jump-start retirement savings. Juggling saving for retirement with covering rising day-to-day housing, health care and living expenses and working to wipe out existing debt can feel overwhelming, but it’s possible. First, take some time to prioritize your financial goals. “Millennials will need to have a clear idea of what is most important to them in the long-term. Kids? House? Life experiences?” says Bart Brewer, a certified financial planner with California-based Global Financial Advisory Services. Trade-offs may need to happen, he adds. It can also help to create a written monthly budget and carefully manage your credit. Young people need to be very careful about dramatically raising their standard of living, Brewer says. “It’s much harder to ratchet down after you’ve ratcheted up.” And while they’re not perfect, it’s worth enrolling in your employer’s retirement plan if you’re eligible. Once you have your 401(k) account set up and your contributions flowing in, it’s important that you select how to invest your funds — otherwise your retirement money will essentially act like a savings account.

Millennials will need to have a clear idea of what is most important to them in the long-term. Bart Brewer certified financial planner


Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: megan leonhardt
Keywords: news, cnbc, companies, retirement, 401k, plans, morrissey, flawed, need, savings, little, americans, economist, plan, according, problem, system


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Robinhood will let users invest with as little as $1—here’s what that means for you

“We believe that fractional shares will open up investing for more people,” Robinhood said in a press release. Charles Schwab announced at the end of October that it would allow customers to buy fractional shares of stocks. That’s good for investors without a lot of money who would like to buy shares in expensive companies like Amazon or Alphabet. “But the lure of individual stocks is always there. Investing in individual stocks only, in other words, is not a smart strategy.


“We believe that fractional shares will open up investing for more people,” Robinhood said in a press release.
Charles Schwab announced at the end of October that it would allow customers to buy fractional shares of stocks.
That’s good for investors without a lot of money who would like to buy shares in expensive companies like Amazon or Alphabet.
“But the lure of individual stocks is always there.
Investing in individual stocks only, in other words, is not a smart strategy.
Robinhood will let users invest with as little as $1—here’s what that means for you Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: alicia adamczyk
Keywords: news, cnbc, companies, stocks, etfs, means, let, shares, users, money, individual, invest, share, little, robinhood, funds, buy, 1heres, investing, fractional


Robinhood will let users invest with as little as $1—here's what that means for you

The stock trading app also announced two other features that will be implemented in early 2020: Automatic dividend reinvestment and the ability to schedule recurring investments.

The new feature is expected to start rolling out next week, and investors will be able to buy as little as one-millionth of a share for $1. As noted above, Robinhood does not charge for buying or selling stock.

While a single share of a company can cost hundreds or thousands of dollars — Amazon trades at around $1,700 per share — so-called fractional investing lets investors without a lot of money buy part of a stock share, which they can build on over time. “We believe that fractional shares will open up investing for more people,” Robinhood said in a press release.

Robinhood, the stock trading app that pioneered free commissions, will allow users to buy and sell portions of shares of “thousands of stocks and ETFs” with as little as $1 .

Now that many investment companies have started offering commission-free trades and fee-free ETFs, fractional trading for individual stocks and ETFs might be the next frontier in the low-cost investing arms race. Charles Schwab announced at the end of October that it would allow customers to buy fractional shares of stocks. Fin tech companies SoFi and Stash also feature fractional trades.

That’s good for investors without a lot of money who would like to buy shares in expensive companies like Amazon or Alphabet. It’s also a smart way for any investor to test out a company before committing a large amount of money.

But experts say to be careful. If you aren’t already investing in a diverse range of companies — typically via an index fund — that should be your priority before you devote a significant amount of money to investing in a single company, Greg McBride, chief financial analyst at Bankrate, tells CNBC Make It.

“The individual investor is better suited by investing in mutual funds and exchange-traded funds,” says McBride. “But the lure of individual stocks is always there. On some level, so is the belief that doing so enables the investor to beat the market, which has proven not to be true.”

Investing in individual stocks only, in other words, is not a smart strategy. That said, Robinhood also allowing users to buy fractional shares of ETFs is especially good news, because ETFs typically have lower expense ratios than mutual funds, and provide the diversification that stock-picking typically does not. That’s the best of both worlds.

“You can easily construct a well-diversified portfolio with a modest amount of money by buying exchange-traded funds,” says McBride. “Every dollar is going to work for you.”

Don’t miss: Why you shouldn’t follow your A-B-Cs when investing

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Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: alicia adamczyk
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Hong Kong unrest hits 6-month milestone, protesters’ demands see little response from government

Social unrest in the city has since taken on broader anti-government sentiment as protesters push for greater democracy in Hong Kong. Cloud of smoke from an explosion on the footbridge on the drive way in front of Hong Kong Coliseum and Hong Kong harbor during the protests on Nov. 18. The Hong Kong government introduced four rounds of relief measures worth 25 billion Hong Kong dollars ($3.19 billion), with most of that expected to go toward the hardest hit sectors like tourism and retail. But bu


Social unrest in the city has since taken on broader anti-government sentiment as protesters push for greater democracy in Hong Kong.
Cloud of smoke from an explosion on the footbridge on the drive way in front of Hong Kong Coliseum and Hong Kong harbor during the protests on Nov. 18.
The Hong Kong government introduced four rounds of relief measures worth 25 billion Hong Kong dollars ($3.19 billion), with most of that expected to go toward the hardest hit sectors like tourism and retail.
But bu
Hong Kong unrest hits 6-month milestone, protesters’ demands see little response from government Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-08  Authors: vivian kam
Keywords: news, cnbc, companies, city, little, protests, hits, marched, 6month, kong, protesters, hong, milestone, demands, kongs, response, economic, think, unrest


Hong Kong unrest hits 6-month milestone, protesters' demands see little response from government

Hong Kongers marched again on Sunday, chanting “five demands, not one less” as the city’s anti-government protests approached their six-month milestone. Demonstrators have been locked in a stalemate with the local government since early June amid protests initially sparked by a bill that would have enabled extradition to mainland China. On June 9, a million people marched through the financial center to demonstrate their opposition. Approximately 2 million people marched in protest a week later. While Hong Kong leader Carrie Lam has since retracted the bill, fulfilling one of the five demands, critics regarded the move as too little, too late. Social unrest in the city has since taken on broader anti-government sentiment as protesters push for greater democracy in Hong Kong. Government opposition was fueled by anger with police conduct as well as how Lam’s administration dealt with the protests, Ma Ngok, associate professor in the department of government and public administration at the Chinese University of Hong Kong, told CNBC. “The government hasn’t actually responded, so a lot of people think they just cannot give up on the protest” Ma said.

Cloud of smoke from an explosion on the footbridge on the drive way in front of Hong Kong Coliseum and Hong Kong harbor during the protests on Nov. 18. May James | SOPA Images | LightRocket | Getty Images

Hong Kong’s economic troubles

The unrest adds further pressure on Hong Kong’s economy, already hit by global uncertainty amid the U.S.-China trade war. The city entered a technical recession in the third quarter, posting a year-over-year decline of 2.9%. The government estimated that the protests alone contributed 2 percentage points to the economic contraction.

The Hong Kong government introduced four rounds of relief measures worth 25 billion Hong Kong dollars ($3.19 billion), with most of that expected to go toward the hardest hit sectors like tourism and retail. That extra spending will lead the city to post its first budget deficit in 15 years, Hong Kong’s financial secretary said. The government lowered its full-year forecast and now expects Hong Kong’s economy to contract 1.9% during this fiscal year. But business in Hong Kong remains largely normal, according to Edward Yau, Hong Kong’s secretary for Commerce and Economic Development. “We hope that, well with the easing of the social unrest, law and order back to normal. Then I think we’re heading towards a rebound” Yau said in an interview with CNBC. “But more importantly, I think we also need to tackle the wider picture, which I think Hong Kong and our neighboring region also suffer, which is U.S.-China trade war.”

Establishment’s weak mandate

Lam, the city’s leader, has insisted that escalating violence would not force her administration to yield to protester demands. Her popularity, however, has taken a drastic nosedive. Lam’s approval rating plunged to just 19.7% in November, the lowest of Hong Kong’s leaders, according to the most recent figures from the Hong Kong Public Opinion Research Institute.


Company: cnbc, Activity: cnbc, Date: 2019-12-08  Authors: vivian kam
Keywords: news, cnbc, companies, city, little, protests, hits, marched, 6month, kong, protesters, hong, milestone, demands, kongs, response, economic, think, unrest


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China gives little indication US trade talks are progressing

Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018. BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached. “China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of


Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018.
BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached.
“China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of
China gives little indication US trade talks are progressing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: evelyn cheng
Keywords: news, cnbc, companies, commerce, gao, tariffs, china, ministry, feng, gives, spokesman, indication, talks, details, progressing, trade, provide, little, phaseone


China gives little indication US trade talks are progressing

Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018.

BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached.

“China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of his Mandarin-language remarks.

The comments reiterated the position Beijing has expressed in the last few weeks, since both countries indicated a rollback of tariffs would be part of a so-called phase-one agreement.

On Thursday, Gao noted both trade delegations remain in communication, but disclosed few additional details about the negotiations.

He did not provide a direct response when asked about China’s view on additional U.S. tariffs, which are set to take effect Dec. 15. Gao also did not provide details on the unreliable entities list. The commerce ministry raised the threat of such a designation in late May, shortly after U.S. President Donald Trump’s administration put Chinese telecommunications giant Huawei on a blacklist that effectively prevents it from buying from American suppliers.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: evelyn cheng
Keywords: news, cnbc, companies, commerce, gao, tariffs, china, ministry, feng, gives, spokesman, indication, talks, details, progressing, trade, provide, little, phaseone


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Treasury yields little changed as investors await economic data, auctions

U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.” Market participants are closely monitoring


U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%.
President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”
Market participants are closely monitoring
Treasury yields little changed as investors await economic data, auctions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, uschina, auctions, yield, investors, yields, report, data, limited, talks, trade, changed, await, goods, little, economic, treasury


Treasury yields little changed as investors await economic data, auctions

U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%.

Market focus is largely attuned to global trade developments, following a media report suggesting the world’s two largest economies were on the cusp of signing a so-called “phase one” trade deal.

A Bloomberg report, which cited people familiar with U.S.-China trade talks, said both countries were inching closer to securing an agreement on the amount of tariffs that would be rolled back in a limited trade deal. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”

Market participants are closely monitoring the prospect of a limited trade agreement with 10 days to go before Washington is poised to impose even more tariffs on Chinese goods. Dec. 15 is the date when tariffs on another $156 billion in Chinese goods would go into effect.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam meredith
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Epcot is getting Disney-fied: From ‘Ratatouille’ to ‘Mary Poppins,’ here’s how the 37-year-old park is changing

A concept image illustrates announced updates to Disney’s Epcot theme park. He pointed to the addition of “Frozen” characters to the Norway pavilion as a model for changes coming to the France pavilion. A “Mary Poppins”-themed area is coming to Disney’s Epcot theme park. An artist’s rendering of the overhaul of Epcot theme park at Walt Disney World in Florida. Disney’s Epcot theme park is adding a “Guardians of the Galaxy” ride.


A concept image illustrates announced updates to Disney’s Epcot theme park.
He pointed to the addition of “Frozen” characters to the Norway pavilion as a model for changes coming to the France pavilion.
A “Mary Poppins”-themed area is coming to Disney’s Epcot theme park.
An artist’s rendering of the overhaul of Epcot theme park at Walt Disney World in Florida.
Disney’s Epcot theme park is adding a “Guardians of the Galaxy” ride.
Epcot is getting Disney-fied: From ‘Ratatouille’ to ‘Mary Poppins,’ here’s how the 37-year-old park is changing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sarah whitten
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Epcot is getting Disney-fied: From 'Ratatouille' to 'Mary Poppins,' here's how the 37-year-old park is changing

A concept image illustrates announced updates to Disney’s Epcot theme park. Source: Disney

Big changes are coming to Epcot. The park has been known predominantly for its unique food offerings and annual festivals, but it’s time for an update, says Disney. The company is embarking on a massive park transformation, updating classic attractions, adding more family-friendly experiences and sprinkling a little more Disney flair around the nearly 40-year-old park. Epcot, which focuses on technology and international cultures, has long been a destination for adults but has been, perhaps, a little too mature for younger parkgoers. “We love Epcot,” Michael Hundgen, executive producer for Walt Disney Imagineering, said Thursday. “It’s the only one of its kind, there is only one Epcot, and as we thought about the next evolution of this park, we really harked back to Walt. He said Epcot would always be in a state of becoming, and this is sort of the next chapter of that state of becoming for us.” Disney toured media through several of Epcot’s new but unfinished upgrades, allowing a sneak peek of what’s to come. However, many of the areas were not allowed to be photographed.

A look at a French pantry that guests will drives through during Remy’s Ratatouille Adventure in Epcot in Orlando, Florida. Disney

One of the biggest transformations, and one guests will be able to enjoy next year, is being made to the France pavilion. Disney is adding Remy’s Ratatouille Adventure, a trackless ride that takes guests through a Pixar version of France. With a little imagination, parkgoers can pretend they have been shrunk down to the size of Remy himself. They will be whisked through a French restaurant on little mouse cars, where danger lurks around every turn. Walking through this new experience, members of the media gasped at the massive two-ton fish and ham bones dangling from the ceiling. Little else was revealed about what guests will encounter as they scuttle through the kitchen, but the massive refrigerator, oversized fruits and vegetables, including a four-foot tall orange, were enough to whet appetites for more. France will also add a “Beauty and the Beast” sing-along to its theater and full-scale creperie. “We are doubling down on the things that we know our guests love about Epcot, the festivals, the showcase, Spaceship Earth itself,” Hundgen said. “And we’re creating more experiences for families, creating more experiences that feel inherently Disney — and we mean characters and, of course, our franchises, but also the emotion connections.” The goal is to make Epcot more “timeless” and more “relevant,” Hundgen said, but also a place for all generations and ages, not just adults. He pointed to the addition of “Frozen” characters to the Norway pavilion as a model for changes coming to the France pavilion. Anna, Elsa, Kristoff, Olaf and Sven, who live in Arendelle, a land based on the fjords of Norway, are the perfect intersection between honoring the authenticity of the country of Norway with the magic of Disney. The hope is to replicate that success in the France pavilion and then again with its new additions planned for the United Kingdom pavilion.

A “Mary Poppins”-themed area is coming to Disney’s Epcot theme park. Source: Disney

The first-ever “Mary Poppins” attraction is coming to Epcot, including a whole neighborhood based on Cherry Tree Lane from the film.

New neighborhoods

Walt Disney himself had initially envisioned Epcot, which stands for Experimental Prototype Community of Tomorrow, to be an actual city where people lived and worked with new technology. However, after Disney’s death, the company decided not to build and open a city but instead created a new theme park, infused with emerging technology of the time. Epcot, which opened in 1982, is home to the World Showcase, which features dozens of pavilions of countries from around the globe. This part of the park will remain once Disney’s transformation of Epcot is complete, but it will be joined by three new neighborhoods: Discovery, Celebration and Nature. The new Spaceship Earth will focus on storytelling, Bob Chapek, chairman of parks, said during Disney’s D23 Expo in August. He said many of the scenes that were part of the original will remain but be updated. New moments will also be added. The exit to the ride will be called Dreamer’s Point and have a new statue of Walt Disney. World Celebration will feature a wishing tree, a story fountain and a pavilion for live events.

An artist’s rendering of the overhaul of Epcot theme park at Walt Disney World in Florida. Disney

“It is about rounding out family offerings at Epcot, but it’s, at the same time, about doubling down on the things we know work really well,” Hundgen said. “So, festivals are inherently Epcot, and this new home for our festivals, this festival center that is being built, will really become the purpose-built epicenter for all of the content.” World Discovery will feature a “Guardians of the Galaxy” ride called Guardians of the Galaxy Cosmic Rewind as well as a new Play Pavilion where characters from Disney and Pixar films will appear for meet-and-greets and as part of a digital city.

Disney’s Epcot theme park is adding a “Guardians of the Galaxy” ride. Source: Disney/Marvel

Mission Space will also be updated with a new restaurant. The restaurant is called Space 220, which is set in a space station sitting high above the Earth. It will open this winter.

Space 220 is a new space station-themed restaurant opening at Epcot this winter. Source: Disney

World Nature will feature The Journey of Water experience based on “Moana.” Epcot will also be getting a new nighttime spectacular called Harmonious. It will debut in 2020.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sarah whitten
Keywords: news, cnbc, companies, disneyfied, world, theme, little, disney, getting, epcot, pavilion, guests, france, park, poppins, heres, mary, 37yearold, disneys, ratatouille, changing


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The master stylist who cuts hair for George Clooney and Mick Jagger started with just a side hustle

Edward Tricomi started cutting hair as a teen at his sister’s shop to earn a little extra money while he focused on music. His side hustle paid off, although not in the way he expected: Today, Tricomi counts celebrities like Scarlett Johansson, Mick Jagger, and George Clooney among his clients. He’s the co-owner of Warren Tricomi, a chain of upscale salons in Tokyo, New York City’s Plaza Hotel, and elsewhere around the world. Warren Tricomi is more than a beauty brand, it’s also a lifestyle bran


Edward Tricomi started cutting hair as a teen at his sister’s shop to earn a little extra money while he focused on music.
His side hustle paid off, although not in the way he expected: Today, Tricomi counts celebrities like Scarlett Johansson, Mick Jagger, and George Clooney among his clients.
He’s the co-owner of Warren Tricomi, a chain of upscale salons in Tokyo, New York City’s Plaza Hotel, and elsewhere around the world.
Warren Tricomi is more than a beauty brand, it’s also a lifestyle bran
The master stylist who cuts hair for George Clooney and Mick Jagger started with just a side hustle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: alizah salario
Keywords: news, cnbc, companies, hustle, master, tricomi, vision, little, vogue, business, tricomis, warren, clooney, jagger, stylist, hair, mick, cuts, salons, george, beauty, create, started


The master stylist who cuts hair for George Clooney and Mick Jagger started with just a side hustle

Edward Tricomi started cutting hair as a teen at his sister’s shop to earn a little extra money while he focused on music. His side hustle paid off, although not in the way he expected: Today, Tricomi counts celebrities like Scarlett Johansson, Mick Jagger, and George Clooney among his clients. He’s the co-owner of Warren Tricomi, a chain of upscale salons in Tokyo, New York City’s Plaza Hotel, and elsewhere around the world. The stylist, who gained a following thanks to his signature, high-precision dry cuts and who has now been cutting hair for 50 years, says success happens “piece by piece.” You can’t rush it: “I always say you don’t put the whole steak in your mouth at once. You take bites at a time,” says Tricomi. Here are Tricomi’s guidelines for turning your passion into a profitable business.

‘Any entrepreneur, you have to have a vision’

“I’ve been entrepreneurial since I was a kid,” says Tricomi. “I played in rock bands and being on stage, and doing all that, helped me a lot when I became a hairdresser.” After his gig at his sister’s shop, Tricomi’s first official job in New York City was at a salon called Cinandre, which was, he says, like “the Studio 54 of salons.” His career took off when he became an editorial hairstylist for American Vogue in his 20s: He worked with legends like Irving Penn and Richard Avedon, who turned fashion photography into high art, and traveled the world doing photo shoots with luminaries like Yves Saint Laurent and Karl Lagerfeld. Working with Vogue, says Tricomi, gave him “this incredible training on how to build sets” and create an atmosphere of beauty and luxury. Later, he transferred this knowledge to his salons. “All my salons are heavily curated. It’s sight, smell, touch, sound. …. We create an environment that’s very conducive for beauty and fashion. Warren Tricomi is more than a beauty brand, it’s also a lifestyle brand,” he says.

Tricomi’s experience at Vogue drove home importance of developing a detailed vision of what you want out of your career and really thinking it through. Your vision should be so clear, he says, that it engages your senses. “Any entrepreneur, you have to have a vision. And then you have to be able to execute on that vision,” he says. “You bring [your vision] into manifestation by having the thought and the dream about it. Then you start to work on it, and eventually, it’ll come. … Little by little, you can create an incredible business.”

Know your strengths and weaknesses

Tricomi partnered with businesswoman Roxana Pintilie and colorist Joel Warren and, in 1988, they opened the first Warren Tricomi salon in Midtown Manhattan. (Warren is no longer associated with the business.) Pintilie raised an initial $250,000 investment from her best friend. Pintilie’s business savvy and Tricomi’s creativity are still like the “right and left brain” of the business, Tricomi says, adding that one key to business success is teaming up with someone who brings expertise you lack. “It’s knowing your strengths and knowing your weaknesses, and then you have to work on the parts you feel you don’t have that strongly,” he says.

Work with people who share your values


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: alizah salario
Keywords: news, cnbc, companies, hustle, master, tricomi, vision, little, vogue, business, tricomis, warren, clooney, jagger, stylist, hair, mick, cuts, salons, george, beauty, create, started


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Why this is the first email fashion mogul Diane von Furstenberg sends each day

Fashion mogul Diane von Furstenberg may be most famous for the iconic wrap dress she invented in the 1970s. Each day, von Furstenberg sends two emails that don’t directly benefit her but that help others. For example, the first email she sends in the morning is typically introducing two people who she thinks should be acquainted. To von Furstenberg, 72, founder of fashion label DVF, it’s important to take even small steps to help other people’s careers. Von Furstenberg started doing this about 1


Fashion mogul Diane von Furstenberg may be most famous for the iconic wrap dress she invented in the 1970s.
Each day, von Furstenberg sends two emails that don’t directly benefit her but that help others.
For example, the first email she sends in the morning is typically introducing two people who she thinks should be acquainted.
To von Furstenberg, 72, founder of fashion label DVF, it’s important to take even small steps to help other people’s careers.
Von Furstenberg started doing this about 1
Why this is the first email fashion mogul Diane von Furstenberg sends each day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: cory stieg
Keywords: news, cnbc, companies, thing, dont, diane, magic, von, mogul, voice, thats, little, furstenberg, sends, day, email, told, fashion


Why this is the first email fashion mogul Diane von Furstenberg sends each day

Fashion mogul Diane von Furstenberg may be most famous for the iconic wrap dress she invented in the 1970s. But in the world of business, there’s another thing she’s known for.

Each day, von Furstenberg sends two emails that don’t directly benefit her but that help others. For example, the first email she sends in the morning is typically introducing two people who she thinks should be acquainted.

“I may introduce you to this person and I don’t have to speak, I don’t have to leave a message, I can do it all through email by connecting these people,” von Furstenberg told Daniel Roth on the podcast “This Is Working” in September.

To von Furstenberg, 72, founder of fashion label DVF, it’s important to take even small steps to help other people’s careers.

“I can change one persons’ life with so little effort, but that’s the beauty of generosity, it doesn’t always have to be about giving money. It’s just paying attention to others and trying to solve peoples’ problem, introduce people,” she said.

Von Furstenberg started doing this about 15 years ago before email was a thing, she told Entrepreneur in a recent interview.

She realized that helping other people “boomerangs” — “it comes back to you,” she said. “You just did a big, huge favor to somebody, and something happens, and you need that person. That’s the magic of connecting and paying attention.”

Von Furstenberg’s net worth was $300 million in 2017, according to Forbes.

“The most wonderful thing is that when you become successful … you have a voice,” she told Vogue in 2018. “When you have a voice, it’s not just a duty, but it’s also a real privilege to be able to have a voice and little by little, you realize that you have a magic wand. Nothing is more precious than using your magic wand.”

And helping others is part of that, including those who might be considered “small” or “who you think have no interest,” she told “This Is Working.”

“There’s nobody that’s boring if you actually pay attention,” she said. “And you can learn from everyone.”

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Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: cory stieg
Keywords: news, cnbc, companies, thing, dont, diane, magic, von, mogul, voice, thats, little, furstenberg, sends, day, email, told, fashion


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McDonald’s is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars. The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state. Chick-fil-A’s chicken sandwich has helped the


McDonald’s is entering the chicken sandwich wars.
The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee.
McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows.
But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.
Chick-fil-A’s chicken sandwich has helped the
McDonald’s is testing a chicken sandwich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


McDonald's is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars.

The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. The sandwich features a fried chicken filet served on a buttery potato roll, topped with butter and pickles. A deluxe version also includes tomatoes, lettuce and mayo.

The chain on Sunday teased the test, which will run from Dec. 2 through Jan. 26, according to a McDonald’s spokesperson.

“Houston. Knoxville. Lunch tomorrow? No beef,” the fast-food giant tweeted.

McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. The board of the National Owners Association, an independent franchisee group, wrote in an email in July that a chicken sandwich should be their top priority.

McDonald’s carries Chicken McNuggets and the McChicken sandwich. This fall, it debuted the Spicy BBQ Chicken Sandwich, a limited-time offer that launched to little fanfare. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.

Popeyes Louisiana Kitchen, which is owned by Restaurant Brands International, has seen great success with its own take on the chicken sandwich. After selling out of the new item in a little more than two weeks in August, the sandwich returned in early November. Thanks to the launch of the sandwich, Popeyes had its best quarter in nearly two decades, reporting U.S. same-store sales growth of more than 10%.

Chick-fil-A’s chicken sandwich has helped the chain become the nation’s third-largest restaurant chain by sales, trailing only McDonald’s and Starbucks. McDonald’s has roughly 14,000 restaurants in the U.S., while Chick-fil-A operated 1,989 stand-alone restaurants and 363 “licensed units,” which are the nontraditional stadium, amusement park and university locations, by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


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