Patna University students attack JDU vice president Prashant Kishor

Prashant Kishore

A massive political controversy has erupted after JDU vice president and close aide of Chief Minister Nitish Kumar, Prashant Kishor, was attacked by students of the Patna University after his meeting with the university vice-chancellor Rasbihari Singh at his residence on Monday night.

The JDU leader was attacked by students who had gathered outside Singh’s residence. The vehicle in which Kishor had come to meet the Vice-Chancellor was also damaged by the students.

Patna Police had a tough time ensuring that the JDU leader escaped unhurt from the university campus.

The meeting with Patna University Vice-Chancellor came just two days ahead of the crucial students union elections on December 5. Interestingly, professor Ram Shankar Arya, advisor to the chief election officer, was also present in this meeting which went on for almost 3 hours.

The Patna University Students Union election this time is witnessing an interesting battle between candidates of ABVP against the JDU, who are making their electoral debut in the university elections.

Allegedly, Prashant Kishor is garnering the support of youth from across the state ever since he has become the vice president of the party. Over the last few days, he has been meeting youths from Bihar at 7, Circular Road, the residence of Nitish Kumar from where he operates.

BJP has been alleging that Prashant was trying to influence the students’ union elections in favour of JDU.

Irked by his repeated interference in the upcoming students union election, four BJP legislators had issued a press statement slamming Kishor.

A BJP delegation led by MLA Nitin Navin met governor Lalji Tandon on Monday night soon after Prashant Kishor met the Vice Chancellor at his residence followed by him being attacked by students. The BJP delegation demanded the Governor to conduct the Patna University Students Union elections in the free and fair manner.

It may be mentioned that campaigning for the December 5 elections ended at 5 pm on December 3 and the model code of conduct was in place.

According to rules, no leader of any political party could enter the college premises after the end of campaigning and therefore Prashant Kishor’s meeting with PU VC raised eyebrows. Reportedly, he met VC with the intention to pressurise him to ensure the victory of JDU in the elections.

A massive political controversy has erupted after JDU Vice President and close aide of Chief Minister Nitish Kumar, Prashant Kishor, was attacked by students of the Patna University after his meeting with the university vice-chancellor Rasbihari Singh at his residence on Monday night.

The JDU leader was attacked by students who had gathered outside Singh’s residence. The vehicle in which Kishor had come to meet the Vice-Chancellor was also damaged by the students.

Patna Police had a tough time ensuring that the JDU leader escaped unhurt from the university campus.

The meeting with Patna University Vice-Chancellor came just two days ahead of the crucial students union elections on December 5. Interestingly, professor Ram Shankar Arya, advisor to the chief election officer, was also present in this meeting which went on for almost 3 hours.

The Patna University Students Union election this time is witnessing an interesting battle between candidates of ABVP against the JDU, who are making their electoral debut in the university elections.

Allegedly, Prashant Kishor is garnering the support of youth from across the state ever since he has become the vice president of the party. Over the last few days, he has been meeting youths from Bihar at 7, Circular Road, the residence of Nitish Kumar from where he operates.

BJP has been alleging that Prashant was trying to influence the students’ union elections in favour of JDU.

Irked by his repeated interference in the upcoming students union election, four BJP legislators had issued a press statement slamming Kishor.

A BJP delegation led by MLA Nitin Navin met governor Lalji Tandon on Monday night soon after Prashant Kishor met the Vice Chancellor at his residence followed by him being attacked by students. The BJP delegation demanded the Governor to conduct the Patna University Students Union elections in the free and fair manner.

It may be mentioned that campaigning for the December 5 elections ended at 5 pm on December 3 and the model code of conduct was in place.

According to rules, no leader of any political party could enter the college premises after the end of campaigning and therefore Prashant Kishor’s meeting with PU VC raised eyebrows. Reportedly, he met VC with the intention to pressurise him to ensure the victory of JDU in

[“source=indiatoday]

Markets close on Wednesday, OPEC meets — What to know in the week ahead

Image result for Markets close on Wednesday, OPEC meets — What to know in the week aheadAfter a busy week with market-moving speeches from Federal Reserve Chairman Jerome Powell and Vice Chairman Rich Clarida and the start of the highly-anticipated G-20 summit in Argentina, next week is also gearing up to be packed with key events. Note, that in memory of President George H.W. Bush, all of the major markets will be closed on Wednesday, December 5.

Saturday’s working dinner between President Trump and President Xi Jinping at the G20 summit in Buenos Aires was a “highly successful meeting,” according to a statement released by the White House. President Trump has agreed to leave the U.S. tariffs on on $200 billion worth of Chinese goods at 10% effective January 1, 2019. The two leaders have agreed to work toward structural tech negotiations for the next 90 days. If at the end of those 90 days, no meaningful negotiations transpire, the tariffs will increase to 25%.

“This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi,” Trump said.

While it was originally scheduled for Powell to testify before the Joint Economic Committee on the economic outlook on Wednesday, it is uncertain whether or not the hearing will be rescheduled due to National Day of Mourning.

The Fed’s Beige Book is also scheduled to be released at 2:00 p.m. ET on Wednesday.

While it is still widely expected that the Fed will raise rates at its next meeting Dec. 18 to 19, Deutsche Bank wrote to clients that Powell’a and Clarida’s speeches last week may have marked a shift in the central bank’s tone for the future. The speeches “by the FOMC’s leadership had the potential to mark a turning point in the Fed’s narrative about its tightening cycle. While we view Chair Powell and Vice Chair Clarida’s comments as raising the risk of a Fed pause as early as the first half of 2019, we do not believe their comments undermine the pre-existing Fed narrative that monetary policy should be returned to a neutral stance.”

Crude oil (CL=F) has been getting pummeled. After falling below $50 a barrel this week, the commodity just posted its worst month in a decade as global supply concerns continue to weigh on prices. The Organization of Petroleum Exporting Countries (OPEC) will meet in Vienna on Thursday. Because of oil’s recent weakness, the meeting between OPEC and its main partner Russia will be an extremely important meeting.

“The next OPEC meeting will likely be closely monitored by markets given recent oil price movements (Brent and WTI decreased 30% since early October). While it is was earlier believed that Saudi Arabia would agree to cut production, recent statements suggest that may not be the case unless other oil producers also cut output,” Barclays wrote in a note.

Economic calendar

As December begins, the jobs number on Friday is expected to show that the economy added 200,000 jobs in November versus the blowout 250,000 jobs added in October, according to economists polled by Bloomberg. The unemployment rate is expected to remain the same as the prior month at 3.7%.

According to Wells Fargo, “It is worth a reminder that one month of data does not make a trend, and that is particularly true when it comes to the jumpy and heavily revised payroll numbers. That makes it unlikely in our view that even a large downside miss would lead the Fed to hold off on a rate hike in December. If, however, the next couple of months’ jobs numbers show the trend in hiring is slowing, that could put the FOMC on a more gradual upward path in 2019. An upside surprise to payrolls or wages in November would point to the FOMC being likely to raise rates more than markets currently have priced in for 2019.”

Monday: U.S. manufacturing PMI, November (55.4 expected, 55.4 prior); Construction spending month-on-month, October (0.4% expected, 0.0% prior); ISM manufacturing, November (57.6 expected, 57.7 prior)
Tuesday: N/A
Wednesday: MBA mortgage applications, week ending November 30 (5.5% prior); ADP employment change, November (195,000 expected, 227,000 prior); Markit U.S. services PMI, November (54.4 expected, 54.4 prior); Markit U.S. composite PMI, November (54.4 prior); ISM non-manufacturing index, November (59.1 expected; 60.3 prior)
Thursday: Initial jobless claims, week ending December 1 (225,000 expected; 234,000 prior); Continuing claims, week ending November 24 (1.71 million prior); Factory orders, October (-2.0% expected, 0.7% prior); Durable goods orders, October (-4.4% prior)
Friday: Nonfarm payrolls, November (200,000 expected; 250,000 prior); Unemployment rate, November (3.7% expected, 3.7% prior); Wholesale inventories month-on-month, October (0.7% expected, 0.7% prior); University of Michigan sentiment, December (97.0 expected; 97.5 prior)

[“source=cnbc”]

Market close to hitting ‘all-clear’ signal that could mean upside ahead: Wall Street bull Tony Dwyer

Traders work on the floor at the New York Stock Exchange.

Tariffs could impact corporate earnings in early 2019, says Sand Hill Global CIO   1:28 PM ET Fri, 30 Nov 2018 | 02:55

The market is close to hitting an “all-clear” signal that could mean there is more upside ahead, one of Wall Street’s biggest bulls told CNBC on Friday.

Tony Dwyer, chief market strategist at Canaccord Genuity, is looking at the S&P 500’s 10-week rate-of-change indicator, which measures the percent change in the index.

When it drops to minus 9 and then recovers to minus 5, “that’s your all-clear signal throughout the current cycle that the correction is over.” We’re not too far from that now, at around minus 6, he said on “Fast Money Halftime Report.”

Friday was the last trading day of November. The Dow Jones Industrial Average and S&P 500 ended a volatile month higher by 1.8 percent and 1.7, respectively, while the Nasdaq eked out a 0.3 percent gain.

The action followed a rough October that saw the Dow end down 5.1 percent for the month, its biggest one-month fall since January 2016. The S&P 500 had its worst October since September 2011.

“As long as the yield curve stays positive, investors should stay generally bullish, and you tactically move based on ridiculous levels of euphoria, when you have an environment ripe for volatility, versus recently where you have environments ripe for opportunity because you had that kind of I call it a whoosh … and then a retest.”

He has said he plans to stay bullish until the yield curve inverts, which means long-term rates are lower than short-term ones. Historically when that happens it has signaled a recession in the foreseeable future.

Four sectors to drive new highs

Dwyer sees four sectors that can lead the market to new highs.

“When the Fed pauses raising interest rates and you haven’t inverted the curve and shut down credit, the … four sectors that do the best are banks, industrials, tech and health care,” he said.

On Wednesday, Federal Reserve Chairman Jerome Powell said he considers the central bank’s benchmark interest rate to be near a neutral level, an apparent turn from his earlier remarks that it was a long way from neutral. He also said there is no preset policy path. The stock market soared on his change of tone.

The Fed is expected to hike rates in December. While the central bank’s most recent projection is for three increases in 2019, traders now see only one more hike fully priced in for next year.

However, Dwyer said he would wait for confirmation that the market is going to hit new highs.

“If you don’t make a new high … you are going to roll and you are going to roll hard,” he said.

[“source=forbes]

Marriott breach: Here’s the risk of a compromised passport number

Unrecognizable traveler checks in at the airport by using a self serve kiosk.

asiseeit | E+ | Getty Images
Unrecognizable traveler checks in at the airport by using a self serve kiosk.

A compromised passport number could be your ticket to identity theft woes.

Marriott International announced Friday that hackers had accessed the reservation database for its Starwood Hotels brand, compromising data for 500 million guests.

For 327 million of those affected consumers, the hotelier said, the information compromised “includes some combination of” data points including name, mailing address, phone number, email address, passport number and date of birth. Some of those guests may also have had their payment card information compromised.

“For the remaining guests [in that 500 million total], the information was limited to name and sometimes other data such as mailing address, email address or other information,” they said.

Experts say the potential for stolen passport numbers makes it more important for affected travelers to keep an eye on their accounts and take steps to protect themselves. (See tips below.)

[“source=cnbc”]

It’s time the government stopped neglecting Australia’s music industry

David Le’aupepe of Gang of Youths performing on stage during the 2017 Aria awards

David Le’aupepe of Gang of Youths performing on stage during the 2017 Aria awards. Labor’s new music policy includes more support for some of Aria’s mentoring activities. Photograph: Zak Kaczmarek/Getty Images for ARIA

The Australian music industry has been ignored by successive federal governments. Unlike the film industry, where tax concessions are offered for the development of product, the music industry has struggled over two decades. With the invention of the MP3 and Fanning and Parker’s Napster, the industry fell on its arse as the fight against piracy was waged. Artists lost revenue from the oldest and most lucrative right, the right of reproduction, when revenue from sales disappeared as peer-to-peer networks ballooned. Anti-protectionist cults swelled, and people who never considered copyright before were suddenly experts. For them, information should be free to use.

The music industry sent many of our wisest to Canberra to entreat governments to pass legislation to impede piracy and maintain protections. But there was no economic relief, and the industry staggered on: condemning piracy, fighting in the courts and establishing the streaming services. Organisations were founded inside and by the industry to advocate and mentor.

The Labor party’s music policy, announced on Friday, acknowledges the work that these small organisations have done to support and mentor artists and music workers. It’s exciting to see that the party is following the music community and recognises where it can provide funding effectively.

Outcome-focused, reliable and collaborative, the Australian Association of Artists Managers, for instance, struggled on with meagre funds providing mentorship to young aspiring managers. Sounds Australia opened pathways for bands to play at international festivals, while the Live Music Office advocated for better policy, regulation and strategy to increase live music opportunities. Labor’s new policy finally gives the Association of Artists Managers the recognition it deserves. There is a dearth of managers in Australia – it’s the hardest job outside of crew. The promised $250,000 would allow them to establish mentorship programs, and this is what they are so good at: developing the next line of managers. A new Sounds Australia with the Live Music Office will receive support to develop live music opportunities in venues and festivals here and overseas.

The two music industry charities that would receive increased support under the policy, existing for just over 20 years, are Nordoff Robbins, providing music therapy and community music programs, and Support Act, which provides crisis relief in the payment of bills and a 24/7 mental health phone line for musicians and music workers. Both charities are promised substantial funds. Support Act has grown only because of the music industry support, funding provided by the collection societies, labels, publishers, promoters, individual artists and the music community. Finally, some recognition for the enormous contribution that both charities deliver.

Lindy Morrison (left) with Brisbane band the Go-Betweens.
‘While industry consultation is a positive gesture, it’s not enough’: Lindy Morrison (left) with Brisbane band the Go-Betweens. Photograph: Emi Music/PR IMAGE

The collection societies Apra and PPCA provide grants to many organisations to keep them afloat. Apra’s list of supported organisations is long, the impact huge, and Labor’s promise to provide $7.6m towards Apra’s SongMakers program for young people will enable more songwriters and producers to work in schools creating and recording original songs. The recording grants partnership with PPCA will be doubled, so more grants can be given to diverse and talented musicians across all genres to record. More new music can only be a good thing: this year, for example, PPCA in partnership with the Australia Council provided recording grants to artists as diverse as Alex the Astronaut, jazz composer Sandy Evans, and chamber music composer Lachlan Shipworth.

While Labor’s policy doesn’t tackle yet the appalling lack of music education in public schools, the promised $5m to build practice rooms (which they call music hubs) in community centres and schools is innovative and helpful. Rehearsal rooms are expensive and this promise is a good start. So is the promised support to extend Aria’s award to a music teacher of excellence. The winning teacher is then mentored with an established songwriter – an increase in funding means the program can be extended to awards for teachers in primary, secondary, remote and community schools.

Still, schools are crying out for musical instruments and music teachers. Not all students can afford to buy musical instruments, which can, in some cases, cost thousands of dollars. Buying musical instruments aids the retail side of the music industry, as well as providing new skills and tools for students.

Finally the Labor policy promises to consult with the industry on any copyright reforms. While this is a positive gesture, it’s not enough – the industry needs assurances on these issues. The fight to obtain revenue for use never ceases, as does our vigilance in maintaining protection through legislation.

Good policy provides public benefit. The music industry contributes $6bn to our economy each year, provides a massive amount of jobs and keeps the story of our lives and culture alive. Labor’s music policy provides public benefit, and so it is good policy.

Lindy Morrison is the drummer of Australian rock group the Go-Betweens. She is also the artist director of PPCA and the national welfare coordinator of Support Act

[“source=forbes]

Sell Micron because of continued deterioration in pricing, analyst says in downgrade

Chip stocks have been hit especially hard amid the broader sell-off in technology names. And one of the sector heavyweights — Micron — is really feeling the pain. The stock is down 44% from its 52-week intraday high of $64.66, and some think there’s no end in sight.

On Tuesday Baird analyst Tristan Gerra downgraded the company to underperform. “Continued deterioration in both DRAM and NAND pricing leads us to model eight consecutive quarters of gross margin and EPS contraction,” Gerra wrote in a note to clients. He also slashed his price target on the stock from $75 to $32. Micron closed at $36.12 on Tuesday, which means Gerra sees another 11.4% downside ahead.

Micron cut to underperform at Baird

Micron cut to underperform at Baird   12:59 PM ET Tue, 20 Nov 2018 | 03:45

Investitute co-founder and “Halftime Report” trader Pete Najarian owns Micron and is sticking with it because he believes the pricing pressure thesis is already reflected in the stock’s price, and also because he likes the company’s management team.

“We all know with DRAM and NAND there’s going to be some pricing pressure…But I think the management team you’ve got right now at Micron is different than it has been in past years. I think going forward they’re navigating this better,” he said on Tuesday’s “Halftime Report.” He also disagreed with the analyst cutting his target by more than 50%, saying it felt “a little extreme.”

Micron soared 87.6% in 2017, but so far is down 12% for the year. And while Najarian remains bullish on Micron for the long-term he’s not adding to his position just yet. He noted that the stock “could go down a little further” but that he thinks “we’re getting close to a bottom here.”

Micron’s move lower follows a broader sell-off in the chip space as investors worry about potential oversupply. The SMH, an ETF that tracks the sector, is just about in bear market territory, falling 19.8% from its 52-week high of $198.84 on March 13.

Virtus Financial’s Joe Terranova attributes the leg lower to a slowdown in capex spending. “If you’re going to get capex contracting it’s going to impact technology, and it’s certainly going to impact the semi names,” he said. Within the space he’s watching Intel since it’s bucked the broader trend, posting a 7.7% gain over the last month.

“I don’t own it [Intel], but it seems to be holding up pretty well. Maybe some of the hot money that was in AMD, Micron, the other high-beta chip names is hiding out in Intel right now,” he said.

Another high-flying chip name that’s been hit hard this year is Nvidia. The stock has plummeted nearly 30% this month after missing revenue estimates and cutting guidance. Despite the drop, Douglas C. Lane Managing Partner Sarat Sethi says this is the chip name to buy if putting new money to work since they’re developing technology for AI vehicles.

[“source=pcworld”]

Melbourne knife attacker inspired by Islamic State, police say

Police seen in Bourke St on Nov. 9, 2018 in Melbourne, Australia after a man was shot by police after he stabbed three people and killed one in Bourke St mall in Melbourne.

A Somali-born man who set fire to a truck laden with gas cylinders in the center of Melbourne and fatally stabbed one person was inspired by Islamic State but did not have direct links with the group, police in Australia said on Saturday.

Police identified the man responsible for Friday’s attack as 30-year-old Hassan Khalif Shire Ali and said he was radicalized and inspired by the militant group’s propaganda. He was shot by police and died in hospital.

Police said Shire Ali’s Australian passport was canceled in 2015 after an intelligence report he planned to travel to Syria, but an assessment was made that while he had radical views, he posed no threat to national security.

Islamic State had claimed responsibility for the attack, which came two days before Remembrance Day, marking 100 years since the end of World War One, without providing any evidence.

“I think it is fair to say he (Shire Ali) was inspired. He was radicalized,” Australian Federal Police Acting Deputy Commissioner Ian McCartney told reporters in Melbourne.

“We’re not saying there was direct contact. We’re saying it was more from an inspiration perspective.”

Prime Minister Scott Morrison said the national terrorism advisory remained at “probable,” the midpoint of a five-tier system, and told reporters in Sydney that radical Islam was the issue.

“I need to call it out. Radical, violent, extremist Islam that opposes our very way of life. I am the first to protect religious freedom in this country, but that also means I must be the first to call out religious extremism,” he said.

Rush hour attack

Friday’s attack began just before the evening rush hour and lasted only minutes. Shire Ali stabbed bystanders and attacked police while his utility truck carrying barbecue gas cylinders burned on busy Bourke Street.

The cylinders did not explode and the fire was put out in 10 minutes, by which point the attack was over, though not before one man was fatally stabbed.

Police said he was a 74-year-old man who worked in the city, but did not release his name. Local media identified him as a restaurant owner.

“This shouldn’t happen in a city like Melbourne,” one witness who had returned to the scene on Saturday told Reuters, crying. “I just want to forget it,” she said.

Video posted to Twitter and broadcast on television showed Shire Ali swinging a knife at two police officers, while the truck burned in the background, before he collapsed when one shot him in the chest.

Victoria state police said counter-terrorism investigators were searching two properties in suburban Melbourne in connection with the attack, but there was no immediate word on what the searches yielded.

At one, a modest one-story brick house on the city’s western fringe, armed officers wearing masks stood guard outside.

Bourke Street also reopened on Saturday morning, and a Reuters reporter said there was an increased police presence in the area.

A staunch U.S. ally, Australia has been on alert for such violence after a Sydney cafe siege in 2014, and its intelligence agencies have stepped up scrutiny. Victoria Police Commissioner Graham Ashton said there was no warning of the latest attack.

He said there was no longer a threat to the public, but that security would be boosted at horse races and Remembrance Day memorials over the weekend.

Authorities say Australia’s vigilance has helped foil at least a dozen plots, including a plan to attack Melbourne at Christmas in 2016 and a plan to blow up a flight from Sydney to Abu Dhabi using a bomb disguised as a meat mincer.

Two hostages were killed during the 17-hour Sydney cafe siege by a “lone wolf” gunman who was inspired by Islamic State militants.

[“source=cnbc”]

Get An extra 25% Off Sale At Bloomingdales

Get excited readers, Bloomingdales is currently running a promotion allowing customers to get an extra 25 percent off an array of clearance sale items in the women’s apparel, shoes, and handbag departments. Items with discount are indicated in a black text that states, Extra 25 percent off’ under the product image.’ Discount will be applied in your shopping cart. It’s rare that designers like Burberry, Lafayette 148 New York and The Kooples have an extra 25 percent off already applied sale prices. So, go ahead, pick up that luxurious Burberry blazer for the holiday season or stock up on your favorite cashmere sweaters.

We have conducted our research and compiled a list of items included under the promotion that we think you will love. Prices not reflective of extra 25 percent off discount.

Joie Embellished Sweatshirtwww.bloomingdales.com

Joie Jesiah Embellished Sweatshirt

Add a little sparkle to your favorite pair of denim jeans with this embellished sweatshirt from Joie. The sweatshirt is composed of a cotton/viscose blend and features raglan sleeves, a crewneck, rhinestone and bead embellishments, and a relaxed silhouette. The sweatshirt can also be paired with leather pants and ankle boots for your next holiday party.

Originally $248, now $148.80.

Shop Now

Burberry Blazerwww.blooomingdales.com

Burberry Landow Wool Blazer

A Burberry blazer at almost 60 percent off the original retail price? Practically irresistible. The blazer is composed of wool and features shoulder padding, long sleeves, waist patch pockets, short notched lapels, and button closure. Wear this blazer with black trousers for an office-appropriate look or add sequin pants and stiletto heels for a night out. The blazer runs slightly small so you may want to order up a size.

Originally $1,390, now $973.

Shop Now

Kooples Ankle Pantswww.bloomingdales.com

The Kooples Rhinestone Trim Ankle Pants

The standard ankle pant gets an upgrade with rhinestone embellishment. This pant by The Kooples is composed of a wool/elastane blend and features back slit pockets, zip fly with hook and eye closure, rhinestone trim at the sides, and a straight silhouette. This pant is party ready and will look chic with a camisole, blazer and statement shoes to tie together the look.

Originally $295, now $207.

Shop Now

I have an undergraduate degree in English Literature from Bucknell University and an MBA in Marketing from Saint Joseph’s University. My fashion career began as a hobby and has now developed into a brand and a professional fashion blog. Inspired by my grandmother, Ginny, I …

When I got my first job at Taco Bell, I didn’t plan on staying for more than a few months. Little did I know that, two years later, I would be promoted to Assistant Manager, go to Japan with a team from Taco Bell headquarters and win a $25,000 scholarship to pursue my passion through education.

REWIND A FEW YEARS

My freshman year of high school, I was required to take a language. I was interested in Japanese, but my dad convinced me to sign up for Spanish. My first day of school, I sat in Spanish class, looking across the hall longingly at the Japanese class. The students were having fun, and the teacher seemed really engaging. Later that day, I transferred into Japanese. My passion for the Japanese language and culture quickly took off. I was fascinated and spent days and nights studying to become fluent and understand their social customs.

My teacher told me about an immersion trip to Japan she led every few years. I was thrilled about the possibility of seeing what I had been studying come to life, that is, until she told me the cost. I would need $6,000 to go on the trip. I was really discouraged, because I didn’t have the money, but my teacher’s enthusiasm made me determined to find a way.

BIG DREAMS, HARD WORK

I began the job hunt to help me pay for the trip, and drove all around town applying. Although Taco Bell wasn’t originally on my radar, they offered me a position working the cash register, so I took it. On top of going to school every day and doing homework, I was working numerous hours a week to save money. It was hard, but the people made it easy. I felt truly supported by my managers, who helped me learn the ropes and instilled a positive culture among our team – we all had a lot of fun together. Not to mention, I had my sights set on Japan.

A few times a year, the Taco Bell Foundation National Fundraiser would come around. That meant asking customers to donate a dollar to support young people’s educational dreams through the Live Más Scholarship. I had my pitch down, and loved the idea that I was working for a company that cared about people’s education. What I didn’t know, was that I could be one of those people.

One day, my manager told me that I should apply for the Live Más Scholarship myself. He said that it’s open to employees working at Taco Bell restaurants, and all you have to do is submit a 2-minute video about your passion, and you could win $5,000-$25,000. It sounded great, but also sounded like a once-in-a-lifetime thing that you never actually win. Every day, my manager asked if I applied yet. I suppose his confidence in me made up for the lack of confidence

[“source=TimeOFIndia”]

A startup CEO who’s raised nearly $500 million says business strategy isn’t what you do – it’s what you don’t

Jeff RaiderHollis Johnson/Business InsiderHarry’s co-CEO Jeff Raider.
  • Harry’s co-CEOs Jeff Raider and Andy Katz-Mayfield are intentional with every move they make – and don’t make.
  • Raider told Business Insider that while the company has a lot of opportunity, it has finite resources and a small team relative to competitors, so it has to be strategic about where it invests.
  • That’s why Harry’s sells only a small number of high-quality products. “We’d rather do three things incredibly well than 100 things not so well,” Raider tells his team.

Since its first round of funding in 2012, razor company Harry’s has raised nearly half a billion dollars.

Harry’s razors are marketed toward men who value simplicity, Jeff Raider, Harry’s co-CEO, said on an episode of Business Insider’s podcast “This Is Success.”

And for Harry’s, simplicity isn’t only a marketing tool. It’s also a business strategy. Raider said he and co-CEO Andy Katz-Mayfield are intentional with every move they make – and don’t make.

“One of the things we always talk about is that strategy is what you don’t do, as opposed to what you decide to do, because we have all these opportunities,” Raider said. “And so for us, it was about thinking about, ‘OK, what are the things that we really want to do, and the things that we’re not sure about,’ and then getting input from our team, and board, and advisers, and other people at the right points in time, to help us where those answers may not be as clear.”

As Raider said on “This Is Success,” Harry’s is strategic about the opportunities it chooses to pursue. “We only have a finite set of resources,” he said. “And we still have a pretty small team, relative to our competition, which are these giant companies. And so for us, we need to be really intentional about the things that we decide to do, and then, in turn, the things that we decide not to do.”

Unlike Harry’s competitor, Dollar Shave Club, Raider and Katz-Mayfield own their razors and every aspect of the business. In the past year, Harry’s raised $112 million to create a variety of personal care products for its nearly five million active users. But rather than selling a wide variety of products, Harry’s only sells one type of shave gel, one post-shave balm, and one face wash.

“We haven’t launched a million different men’s grooming products, because we care so much about the quality of each one of our products, and about the idea that we want guys to be able to really understand what we make, and how those products are different from each other,” Raider said.

If Raider and Katz-Mayfield disagree on a company decision, the co-CEOs look to Harry’s advisers and present the question in a unified front.

“At the end of the day, we try to come to our team, then, with saying, ‘Listen, we’d rather do three things incredibly well than 100 things not so well,'” Raider said. “And that’s allowed us to be pretty deliberate in the way that we’ve built the brand. Harry’s is now five years old. We sell in the US, Canada, and the UK only, as opposed to all over the world, which is a choice we could have made.”

[“source=cnbc”]

Bay Area Business Trends That Can Benefit Small Businesses Everywhere

Regardless of what type of company you run or where you’re located, small businesses can learn from and get inspired by local and regional trends. This is especially true of San Francisco’s bustling startup scene, which has spawned many Silicon Valley success stories in the last two decades.

Forbes San Francisco Business Council members identified some business trends in their area that can benefit small business owners across the nation. In the Bay Area and beyond, these tactics can be great ways to fuel your company’s success.

Six experts share their tips about business trends that can help your venture thrive.All photos courtesy of individual members.

1. Make Your Business A Force For Good

Consumers truly believe that businesses can provide solutions toward positive environmental and social challenges we face in the world today. In other words, use your business as a force for good for people and the planet. – Shamini Dhana, Dhana Inc.

2. Use Technology To Grow And Scale Quickly

The Bay Area is the heart of technology. Take advantage of technology to help your teams work from anywhere, collaborate seamlessly and get the most bang for your IT budget, even without an IT team. These tools can help your teams collaborate, chat, engage clients and get work done quickly. This can help you operate like a global leader. – Kathy Krumpe, Future State, Inc.

3. Focus On Employee Engagement And Retention

Work extra hard to keep your best people. People seem to be feeling a lot more confident, which is wonderful — but it means that you need to be transparent about their path toward a raise or bonus and focus on check-ins to assess job satisfaction. – Cameron Jacox, Lark Technologies, Inc.

4. Collaborate With Other Small Businesses To Enhance Your Offerings

Find partners who can bring new services and products to enhance your value to customers. Find partners that fill the gaps in your business or who can provide more capacity when you are in the fortunate state of being too busy. And when the tables are turned, find partners that bring you into opportunities. Take on bigger projects with your combined forces. – Norma Watenpaugh, PhoenixCG

5. Hire A Diverse Workforce

A diverse workforce with different ages, genders, socioeconomic backgrounds, cultures and types of education can allow businesses to serve customers better because each group brings different insight into a diverse customer base. Our world is diverse by nature; if you don’t have a diverse workforce, you could either be missing serving your customers or possibly not serving them at all. – Sylvain Kalache, Holberton School

6. Manage Your Data Safely and Smartly

Small businesses can make significant gains by implementing new technology. Yet new technology can bring new risks, so business owners must be aware of how to manage their data in a way that protects their cybersecurity and that of their customers. This is especially relevant for tech-based businesses like mine because a compromise in our security could put our reputation or business at risk. – Evan Singer, SmartBiz Loans

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