January 19, 2021

International Business

The famous “Dewey defeats Truman” presidential election was 72 years ago and reminders of what was an epic polling failure echo to this day. For pollsters, pundits, and the press, Democrat Harry Truman’s surprise victory over Republican Thomas E. Dewey in 1948 is, or ought to be, an enduring reminder about the perils of extreme overconfidence.

The 1948 election also may offer a lens by which to understand the outcome of the Trump-Biden race. Here’s how:

If Joe Biden blows what has been a solid lead in pre-election polls, his loss may be attributable to having pursued something akin to Dewey’s glide-path campaign that avoided controversy while trying to nurse a clear lead in the polls.

But if this year’s pre-election polling is accurate and Trump is repudiated, his defeat may be attributed to a failure to adapt Truman’s blueprint for winning in spectacular, against-the-odds fashion.

This … Read the rest

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Instagram is a fast-growing and popular social networking website. It is not surprising that more businesses want to establish their presence on this platform. And, they are using different methods, including buying followers https://howsociable.com/buy-instagram-followers/ to achieve this. Perhaps, you might wonder why a business needs more followers for an Instagram account.

Well, having more Instagram followers makes an account look more credible. It makes more people believe what is shared by the account. Most individuals are interested in the content of an Instagram account if it is followed by more people. With more individuals following you, a message that is shared via your account gets to more people.

Importance of Instagram for Modern Business

Most modern consumers are on social websites like Instagram. That means Instagram is a great place to find and be found by prospective customers. Most audiences on the internet have become accustomed to ads. Instagram is … Read the rest

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IATA, in a new analysis released last week, said total industry revenues next year are expected to be down 46% on 2019’s $838 billion. Without additional government financial relief, the median airline has just 8.5 months of cash remaining at current burn rates.

Having a home government with deep—and open—pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic.

Carriers in jurisdictions where there is scant support from up high are most likely to go bust, according to an analysis by Bloomberg News. Using the Z-score method developed by Edward Altman in the 1960s to predict bankruptcies, Bloomberg sifted through available data on listed commercial airlines to identify the ones most prone to financial strife.

Versus the same analysis done in March, when the virus was just starting to spread beyond China into parts of Asia and Europe, rapidly cutting off international Read the rest

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Spending on chocolate has soared by £50m year on year, powered by sales of chocolate bars bought in supermarkets to eat at home.

The increase in sales of multipacks and large “sharing bars” has offset a dip in sales of single bars, often impulse buys to eat on the go, from newsagents and other outlets.

While the £50m sales increase is only 3% up on the total value of chocolate sales, the amount of chocolate eaten is likely to have risen by two or three times that level because the kind of chocolate bought in supermarkets is so much cheaper.

Sales of multipacks of chocolate bars in supermarkets are up by more than a fifth, according to analysts at research group Kantar.

But the biggest increase has come from large chocolate blocks, sales of which are up nearly 46% in supermarket outlets.

Waitrose said its sales of big sharing bars … Read the rest

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If you ask pollsters, they’ll tell you President Donald Trump’s path to reelection is both narrow and unlikely. As of Sunday, FiveThirtyEight gives Democratic nominee Biden a 89% chance of winning—compared to the 71% odds it gave Hillary Clinton in 2016.

The President does have a path if he can pull off upsets in a handful of states Biden is the favorite in, according to FiveThirtyEight. That includes Georgia (58%), Florida (64%), North Carolina (66%), Arizona (70%), and Pennsylvania (85%). Trump would also need to win everywhere he’s currently leading.

The hardest upset to pull off is Pennsylvania, where Trump only has a 15% chance of winning. The odds of that are as likely as Biden pulling off upsets in several deep red states. Biden’s … Read the rest

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One of the biggest challenges of running an online business is keeping up with privacy and data protection laws. A lot of businesses operate online and collect a wide variety of customers’ data. They use it to process orders and transactions, contact customers, and market their products and services.

These days people are becoming more aware of potential risks tied to revealing their data online. Therefore, companies are struggling to build trust and ensure security for their customers. The implementation of laws such as GDPR and CCPA shows that customer data security has become one of the top priorities for online businesses.

Cybersecurity Statistics: What’s the Risk?

Some of the most important transactions are taking place online. Thus, it has become difficult to avoid the risk of identity and data theft. Each online payment gateway, newsletter signup, or contact form on a random site can lead to serious security concerns. … Read the rest

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PARIS — Some small shops and services, including a dog grooming salon, remained open on Saturday in a small town outside Paris with support from their local mayor, amid signs of sporadic pushback against a new coronavirus lockdown in France.

In Paris, mayor Anne Hidalgo also joined a growing wave of support for independent booksellers, saying in an interview published on Sunday that she would bring in local authorizations for them to remain open.

The French government put in place fresh restrictions on Friday to combat a resurgence in COVID-19 infections and hospitalizations, echoing a two-month shutdown earlier this year. This time, schools will remain open but all non-essential stores are supposed to close.

In the small town of Yerres, shops such as shoe-sellers remained open under a local edict.

“I think you’re taking much less risk going to buy your book or your shoes or your clothes in a Read the rest

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On Election Day, voters in five states will decide ballot initiatives that would legalize cannabis use either recreationally (Arizona, Montana, New Jersey, and South Dakota) or medicinally (South Dakota and Mississippi). Meanwhile, those in Louisiana, Maryland, and South Dakota will vote on initiatives that would legalize sports betting, to varying degrees, in their own states.

The ballot measures speak partly to changing public attitudes toward both marijuana use and gambling, activities that remain criminalized in large swaths of the country. Yet, both have been gradually accepted in jurisdictions across the U.S. Despite the continued federal prohibition of cannabis, recreational adult use of marijuana is now legal in 11 states plus the District of Columbia, while the Supreme Court’s decision to reverse a federal ban on sports betting in 2018 has seen the practice now allowed in 22 states plus D.C.

If those numbers were already expected to swell in the … Read the rest

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Filipinos are expected to spend more next year especially on recreation amid government stimulus measures for sectors badly hit by the coronavirus pandemic, and as more people return to work, according to Fitch Ratings.

Household spending will probably grow by 5.7% in 2021 after shrinking by 8% by year-end, the global research firm said in a report on Friday.

Household spending on recreation and culture is expected to grow by 15.3% next year — the fastest among all sectors — after shrinking by 17.8% this year, Fitch analysts said.

Filipino spending on furniture and homes is also expected to increase by 13.7% after contracting by 15.2% this year, while spending on hotels and restaurants will probably grow by 10.5% after shrinking by 16.8% this year, Fitch said.

Spending on alcoholic drinks and tobacco is expected to rise by 10.4% from a contraction of 16.7% by year-end.

Spending on clothing and … Read the rest

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The rise in consumer prices is expected to fall within 1.9% to 2.7% this month as lower fuel prices and water rates temper rising electricity costs, according to the Philippine central bank.

Inflation would probably settle at 2.3%, the same rate as in September, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno told reporters in a Viber group message on Friday.

Inflation eased for the second straight month in September due to a slower increase in food prices. This brought the nine-month average to 2.5%, which was within the central bank’s 2-4% target for the year.

“Higher electricity rates in Meralco-serviced areas, increases in LPG and kerosene prices and the impact of weather disturbances on selected food items contributed to upward price pressures for the month,” Mr. Diokno said.

These could be partly offset by lower prices of gasoline, diesel and rice, as well as lower water rates for … Read the rest

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