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Tag: Market

  • Workers at a Whole Foods Market in Philadelphia become the 1st to unionize

    Workers at a Whole Foods Market in Philadelphia become the 1st to unionize

    Workers at a Whole Foods Market in Pennsylvania voted to unionize on Monday, becoming the first group of employees to pull off a labor win at the Amazon-owned grocery store chain.

    Employees at the Philadelphia store cast 130 votes — or about 57% of the ballots cast — in favor of joining a local chapter of The United Food and Commercial Workers International Union for the purposes of collective bargaining. According to the National Labor Relations Board, which oversaw the election, 100 workers rejected the motion.

    “This fight is far from over, but today’s victory is an important step forward,” said Wendell Young IV, the president of UFCW Local 1776. “We are ready to bring Whole Foods to the bargaining table to negotiate a fair first contract that reflects the workers’ needs and priorities.”

    The results mark the first successful entry of organized labor into Amazon’s grocery business, which includes Whole Foods, Amazon Fresh and the Amazon Go convenience stores. Amazon, which purchased Whole Foods in 2017 for $13.7 billion, has tried to fend off organizing efforts in its stores as well as by delivery drivers and warehouse workers.

    Nearly three years ago, Amazon warehouse workers in the New York City borough of Staten Island voted to be represented in labor negotiations by a fledgling union that has since affiliated with the Teamsters. But Amazon has refused to come to the bargaining table.

    Employees at the Whole Foods store, located in the center of Philadelphia, started organizing early last year, Young said. They teamed up with UFCW Local 1776 in the late summer, and in November petitioned the National Labor Relations Board to hold an official election.

    The local union said the store workers hoped a successful vote would help them secure higher wages, more affordable health care coverage, child care support, greater work-life balance and better working conditions.

    In a statement after the votes were counted Monday night, Whole Foods said it “is proud to offer competitive compensation, great benefits, and career advancement opportunities to all Team Members.”

    “We are disappointed by the outcome of this election, but we are committed to maintaining a positive working environment in our Philly Center City store,” the company added.

    The company said it provides store employees with a competitive average hourly wage and other benefits, such as 401(k) plans and “on-demand” mental health support. It did not disclose its average hourly rate, but some online job postings show store employees can earn $16 per hour or higher.

    After the union filed the election petition, workers at the Philadelphia store were given free snacks, and the company repainted their break rooms, according to Young.

    Earlier this month, UFCW Local 1776 filed unfair labor practice charges with the NLRB against the company, accusing it of firing one worker in retaliation for union activities and alleging that supervisors told employees they would get paid more if they rejected the union bid. Whole Foods disputed the worker was fired in retaliation.

    The union has also accused Whole Foods of withholding region-wide wage increases from employees at the Philadelphia store because of the union activities.

    The company acknowledges it did not offer wage increases to workers at the store, even though it did so at a number of other stores as part of a quarterly review. Whole Foods maintains it would have been illegal to make wage adjustments in the lead-up to the union election, an argument Young disputed.

    The company said it was delaying the pay bumps until after the election to avoid the appearance of trying to influence the vote with raises.

    Seattle-based Amazon has resisted union organizing efforts by its workers. Amazon delivery drivers went on strike in a handful of U.S. cities before Christmas to exert pressure on the the company to recognize them as unionized employees or to meet demands for an inaugural labor contract.

    Workers at an Amazon warehouse in North Carolina are scheduled to vote next month on whether they want to be represented by an upstart union called Carolina Amazonians United for Solidarity and Empowerment.

    The retail giant has challenged the structure of the National Labor Relations Board in court. Amazon accused the federal agency of tampering in the 2022 union election at the Staten Island warehouse, in part by bringing a lawsuit against the company to reinstate a fired organizer close to when voting began.

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  • British brand joins Nigeria’s growing lifestyle market | The Guardian Nigeria News

    A British lifestyle brand, Timothy Oulton, has entered Nigeria with a promise to redefine its luxury furniture and functional art market following the opening of its flagship gallery in Victoria Island, Lagos.

    The brand, known for its fusion of British heritage-inspired design, artisanal craftsmanship and bold modern aesthetics, promises to bring opulence and timeless sophistication to Nigerian homeowners and art enthusiasts.

    According to the Managing Director and Global Head of Training and Development, Jude Leach, every piece of art tells a story of authenticity and meticulous craftsmanship that is rooted in history and culture across the globe.

    Leach noted that the crafted luxury pieces are handmade in workshops using simple tools and traditional techniques, with premium materials like reclaimed timbers, hand-polished leathers and vintage-inspired metals.

    She explained that this dedication to detail ensures that every creation transcends mere function to become a work of art.

    The collection spans extraordinary furniture, lighting, home accessories and seamlessly blending functionality with artistry, she said.

    The signature pieces include reimagined Chesterfield sofas exuding classic British elegance, dazzling crystal chandeliers and the iconic Aviator series inspired by aviation history, adding that the gallery’s collection is designed to transform spaces into living narratives.

    Other ranges include extraordinary furniture, lighting and home accessories and seamlessly blending functionality with artistic expression.

    Timothy Oulton’s entry into Nigeria reflects the country’s evolving design landscape and growing demand for luxury craftsmanship.

    The brand representative emphasised that the brand’s commitment to innovation and excellence aligns with the sophisticated tastes of Nigerian homeowners and design enthusiasts who value not just style but the rich stories behind each piece.

    “As the brand expands its global footprint, the Lagos gallery reflects an understanding of the Nigerian market’s evolving tastes, catering to an audience that values not just style but also stories behind the craftsmanship. This is more than an entry into the market, it’s an invitation to experience the art of living boldly and beautifully,” General Manager and Lead Interior Designer, La Famosa said.



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  • British brand joins Nigeria’s growing lifestyle market | The Guardian Nigeria News

    A British lifestyle brand, Timothy Oulton, has entered Nigeria with a promise to redefine its luxury furniture and functional art market following the opening of its flagship gallery in Victoria Island, Lagos.

    The brand, known for its fusion of British heritage-inspired design, artisanal craftsmanship and bold modern aesthetics, promises to bring opulence and timeless sophistication to Nigerian homeowners and art enthusiasts.

    According to the Managing Director and Global Head of Training and Development, Jude Leach, every piece of art tells a story of authenticity and meticulous craftsmanship that is rooted in history and culture across the globe.

    Leach noted that the crafted luxury pieces are handmade in workshops using simple tools and traditional techniques, with premium materials like reclaimed timbers, hand-polished leathers and vintage-inspired metals.

    She explained that this dedication to detail ensures that every creation transcends mere function to become a work of art.

    The collection spans extraordinary furniture, lighting, home accessories and seamlessly blending functionality with artistry, she said.

    The signature pieces include reimagined Chesterfield sofas exuding classic British elegance, dazzling crystal chandeliers and the iconic Aviator series inspired by aviation history, adding that the gallery’s collection is designed to transform spaces into living narratives.

    Other ranges include extraordinary furniture, lighting and home accessories and seamlessly blending functionality with artistic expression.

    Timothy Oulton’s entry into Nigeria reflects the country’s evolving design landscape and growing demand for luxury craftsmanship.

    The brand representative emphasised that the brand’s commitment to innovation and excellence aligns with the sophisticated tastes of Nigerian homeowners and design enthusiasts who value not just style but the rich stories behind each piece.

    “As the brand expands its global footprint, the Lagos gallery reflects an understanding of the Nigerian market’s evolving tastes, catering to an audience that values not just style but also stories behind the craftsmanship. This is more than an entry into the market, it’s an invitation to experience the art of living boldly and beautifully,” General Manager and Lead Interior Designer, La Famosa said.



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  • British brand joins Nigeria’s growing lifestyle market | The Guardian Nigeria News

    A British lifestyle brand, Timothy Oulton, has entered Nigeria with a promise to redefine its luxury furniture and functional art market following the opening of its flagship gallery in Victoria Island, Lagos.

    The brand, known for its fusion of British heritage-inspired design, artisanal craftsmanship and bold modern aesthetics, promises to bring opulence and timeless sophistication to Nigerian homeowners and art enthusiasts.

    According to the Managing Director and Global Head of Training and Development, Jude Leach, every piece of art tells a story of authenticity and meticulous craftsmanship that is rooted in history and culture across the globe.

    Leach noted that the crafted luxury pieces are handmade in workshops using simple tools and traditional techniques, with premium materials like reclaimed timbers, hand-polished leathers and vintage-inspired metals.

    She explained that this dedication to detail ensures that every creation transcends mere function to become a work of art.

    The collection spans extraordinary furniture, lighting, home accessories and seamlessly blending functionality with artistry, she said.

    The signature pieces include reimagined Chesterfield sofas exuding classic British elegance, dazzling crystal chandeliers and the iconic Aviator series inspired by aviation history, adding that the gallery’s collection is designed to transform spaces into living narratives.

    Other ranges include extraordinary furniture, lighting and home accessories and seamlessly blending functionality with artistic expression.

    Timothy Oulton’s entry into Nigeria reflects the country’s evolving design landscape and growing demand for luxury craftsmanship.

    The brand representative emphasised that the brand’s commitment to innovation and excellence aligns with the sophisticated tastes of Nigerian homeowners and design enthusiasts who value not just style but the rich stories behind each piece.

    “As the brand expands its global footprint, the Lagos gallery reflects an understanding of the Nigerian market’s evolving tastes, catering to an audience that values not just style but also stories behind the craftsmanship. This is more than an entry into the market, it’s an invitation to experience the art of living boldly and beautifully,” General Manager and Lead Interior Designer, La Famosa said.



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  • British brand joins Nigeria’s growing lifestyle market | The Guardian Nigeria News

    A British lifestyle brand, Timothy Oulton, has entered Nigeria with a promise to redefine its luxury furniture and functional art market following the opening of its flagship gallery in Victoria Island, Lagos.

    The brand, known for its fusion of British heritage-inspired design, artisanal craftsmanship and bold modern aesthetics, promises to bring opulence and timeless sophistication to Nigerian homeowners and art enthusiasts.

    According to the Managing Director and Global Head of Training and Development, Jude Leach, every piece of art tells a story of authenticity and meticulous craftsmanship that is rooted in history and culture across the globe.

    Leach noted that the crafted luxury pieces are handmade in workshops using simple tools and traditional techniques, with premium materials like reclaimed timbers, hand-polished leathers and vintage-inspired metals.

    She explained that this dedication to detail ensures that every creation transcends mere function to become a work of art.

    The collection spans extraordinary furniture, lighting, home accessories and seamlessly blending functionality with artistry, she said.

    The signature pieces include reimagined Chesterfield sofas exuding classic British elegance, dazzling crystal chandeliers and the iconic Aviator series inspired by aviation history, adding that the gallery’s collection is designed to transform spaces into living narratives.

    Other ranges include extraordinary furniture, lighting and home accessories and seamlessly blending functionality with artistic expression.

    Timothy Oulton’s entry into Nigeria reflects the country’s evolving design landscape and growing demand for luxury craftsmanship.

    The brand representative emphasised that the brand’s commitment to innovation and excellence aligns with the sophisticated tastes of Nigerian homeowners and design enthusiasts who value not just style but the rich stories behind each piece.

    “As the brand expands its global footprint, the Lagos gallery reflects an understanding of the Nigerian market’s evolving tastes, catering to an audience that values not just style but also stories behind the craftsmanship. This is more than an entry into the market, it’s an invitation to experience the art of living boldly and beautifully,” General Manager and Lead Interior Designer, La Famosa said.



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  • Real Estate Institute Of New Zealand (REINZ) Reports Lifestyle Property Market On The Rise

    Real Estate Institute Of New Zealand (REINZ) Reports Lifestyle Property Market On The Rise

    Data released today by the Real Estate Institute of New Zealand (REINZ) shows that in the three months ending September 2024, there were 1,400 lifestyle property sales, an increase of 45 sales or 3.3% compared to the previous three months. This represents an 11.8% rise from 1,252 sales during the same period in 2023.

    Over the year leading up to September 2024, 5,699 lifestyle properties were sold, 234 more than the year ending September 2023, marking a 4.3% increase. The total sales value of these properties sold was $6.34 billion.

    The median price for all lifestyle properties sold in the three months leading up to September 2024 was $945,000, an increase of $35,000 compared to the same period in 2023, or 3.8%. The median price for Bareland lifestyle properties was $450,000, a slight increase of $500 or 0.1% compared to 2023.

    Similarly, for Farmlet lifestyle properties, the median price in the three months leading up to September 2024 was $1,050,000, showing an increase of $27,196 compared to 2023, a 2.7% rise.

    “The September sales results reflect a continuation of the positive momentum in the market as we approach spring. The recent reduction in interest rates and indications of further decreases are boosting buyer confidence. This positive trend is expected to persist throughout the spring and summer selling season, leading up to Christmas,” commented REINZ Rural Spokesperson Shane O’Brien.

    Seven regions recorded an increase in sales compared to September 2023, with Northland (+63 sales) and Waikato (+42 sales) observing the biggest increases. Taranaki (-18 sales) and Bay of Plenty (-8 sales) recorded the biggest decreases in sales in the three months to September 2024 compared to the three months to September 2023. Compared to the three months to August 2024, 8 regions recorded increased sales.

    Advertisement – scroll to continue reading

    Ten regions saw the median price of lifestyle blocks increase between the three months ending September 2023 and the three months ending September 2024. The most notable examples were in the West Coast (+74.3%) and Taranaki (+21.2%), with

    the most significant decreases being in Auckland (-4.5%) and Nelson/Marlborough/Tasman (-2.7%).

    The median number of days to sell for lifestyle properties was 18 days more in the three months to September 2024 than in the three months to September 2023, sitting at 95 days. West Coast (65 days) recorded the shortest number of days to sell in September 2024. Auckland (114 days) recorded the longest number of days to sell.

    “Buyers have access to a good selection of listings across all markets, and the upward trend in median sale prices for both Farmlets and Bareland is encouraging. However, the increase in the average days on the market suggests that buyers are still cautious when purchasing,” comments O’Brien.

    © Scoop Media


     

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  • Explainer: Lassana Diarra and the legal case which could rock football’s transfer market

    Explainer: Lassana Diarra and the legal case which could rock football’s transfer market

    Here, we take a closer look.

    How did we get here?

    This case stems from a contract dispute between Diarra and Russian club Lokomotiv Moscow. The Frenchman and his legal team sued FIFA for damages, arguing its rules which hold clubs jointly liable for compensation and open to sanction if they sign a player who breaches contract prevented him moving to Belgian side Charleroi

    The challenge, which was upheld in a Belgian court in 2017, said the rules were contrary to EU law because they restricted Diarra’s freedom of movement and were anti-competitive. FIFA appealed against the 2017 judgement and the case was referred to the European Court of Justice (ECJ) for a ruling.

    Why could this be significant?

    Any ruling that finds the contested rules disproportionate or restrictive will likely mean the regulations need to be rewritten.

    It could ultimately mean greater, if not total, freedom for players to terminate a contract without just cause. Union sources say the current rules treat players as assets rather than employees and want a player’s rights brought closer to, if not completely in line with, those of a regular person looking to change jobs.

    What was the last big change in the transfer market?

    The most significant shift occurred after the 1995 Bosman ruling, which effectively gave out-of-contract players total freedom over their next move and removed their former club’s entitlement to any fee once the contract had expired.

    Is this as significant?

    Any change here is likely to be more subtle, certainly at first. The question is whether the challenge to this specific aspect of the rules – the joint liability of an engaging club – leads to the whole system toppling.

    Dr Borja Garcia, an EU sports law expert at Loughborough University, believes this case is probably “as close as we have come” to Bosman but believes any changes will be less dramatic, with Bosman having already shifted the power to players.

    What is the likely outcome?

    ECJ rulings often, but not always, go in line with the non-binding opinion of the Advocate General (AG) in the case. The AG in this case said in April that the rules “may be contrary” to EU law. He described the current consequences for a player of breaching contract without just cause as “draconian” and said the rules were designed to “send a chill down each player’s spine”.

    What has FIFA said?

    FIFA has declined to comment while the case is ongoing but in its earlier court submissions it argued the rules were a necessary part of ensuring contractual stability.

    Sources close to the governing body also point out a player would still be liable for compensation where a contract is breached without just cause, only the joint liability of an engaging club is being contested.

    What could the other impacts be?

    If there are fewer obstacles and deterrents to a player breaking contract, it follows that transfer fees could trend downwards if clubs feel they have less security in the event of an in-contract player walking away.

    Contracts might also shorten if they become less stable, but Dr Garcia points out clubs are “between a rock and a hard place” on this one. On one hand they might be more reluctant to commit to a long-term deal, but equally such contracts are preferable to comply with financial rules around profit and loss.

    What do clubs think?

    A senior source within the European club game told PA the Diarra ruling had the potential to be a “dangerous one”, adding: “The transfer market is the glue that holds the pyramid together.

    “(The Diarra ruling) could have seismic implications, because if that glue starts to deteriorate, then that polarisation (between the big leagues and the rest) will get worse.”

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  • Real Estate Institute Of New Zealand (REINZ) August Data Reveals Variety In The Lifestyle Property Market

    Real Estate Institute Of New Zealand (REINZ) August Data Reveals Variety In The Lifestyle Property Market

    Data released today by the Real Estate Institute of New Zealand (REINZ) shows 79 fewer lifestyle property sales (-5.6%) for the three months ending August 2024 than for the three months ending July 2024.

    Overall, there were 1,330 lifestyle property sales in the three months ending August 2024, a 2.9% increase compared to the three months ending August 2023 (1,293 sales). There were 1,409 lifestyle property sales for the three months ending July 2024.

    5,669 lifestyle properties were sold in the year to August 2024, 113 (+2.0%) more than were sold in the year to August 2023. The value of lifestyle properties sold was $6.32 billion for the year to August 2024.

    Shane O’Brien, Rural Spokesman at REINZ, commented on the regional dynamics: “During the month, there were 433 sales of lifestyle properties that included 80 bareland blocks. Bareland block sales have dropped compared to August 2023 (101) and August 2022 (137) as the amount of available land reduces. At the same time, many buyers are looking to buy existing properties to ensure certainty against rising building costs and lengthy build times. There were 353 Farmlet sales during the month, the same number as August 2022.”

    The median price for lifestyle properties has seen a general upward trend. For all lifestyle properties, the median price reached $950,000, reflecting a 4.4% increase compared to the previous year. Farmlet Lifestyle properties had a median price of $1,045,000, up by 2.0% year-over-year. In contrast, the median price for Bare Land Lifestyle properties fell to $432,500, a decrease of 3.3% from last year.

    Seven regions recorded an increase in sales compared to August 2023, with the largest increases seen in Manawatu-Whanganui (+28 sales) and Wellington (+27 sales). Otago ( -19 sales) and Taranaki ( -17 sales) recorded the biggest decreases in sales in the three months to August 2024 compared to the three months to August 2023. Three regions recorded increased sales compared to the three months to July 2024.

    Nine regions saw the median price of lifestyle blocks increase between the three months ending August 2023 and the three months ending August 2024. The most

    notable examples were in West Coast (+28.0%) and Taranaki (+21.3%), with the biggest decreases being in Nelson/Marlborough/Tasman ( -14.2%) and Gisborne/Hawkes Bay ( -9.9%).

    “The lifestyle market remains active, with sales numbers fluctuating monthly but the median sale process remaining relatively steady. The median for Farmlet sales across NZ was $1,060,000 in August 2024. We expect this market to continue to respond to increased buyer interest as the residential market improves across much of New Zealand in coming months,” adds O’Brien.

    The median days to sell a lifestyle property increased to 90 days, up 11 days from the three months to August 2023. There were notable regional variations in selling times, with Southland having the fastest sales at just 52 days, while Auckland recorded the slowest at 104 days.

    © Scoop Media


     

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  • Genetic analysis of animals in Wuhan market in 2019 may help find COVID-19’s origin

    Genetic analysis of animals in Wuhan market in 2019 may help find COVID-19’s origin

    LONDON — Scientists searching for the origins of COVID-19 have zeroed in on a short list of animals that possibly helped spread it to people, an effort they hope could allow them to trace the outbreak back to its source.

    Researchers analyzed genetic material gathered from the Chinese market where the first outbreak was detected and found that the most likely animals were racoon dogs, civet cats and bamboo rats. The scientists suspect infected animals were first brought to the Wuhan market in late November 2019, which then triggered the pandemic.

    Michael Worobey, one of the new study’s authors, said they found which sub-populations of animals might have spread the coronavirus, which may help researchers identify COVID-19’s natural reservoir.

    “For example, with the racoon dogs, we can show that the racoon dogs that were (at the market) … were from a sub-species that circulates more in southern parts of China,” said Worobey, an evolutionary biologist at the University of Arizona. Knowing that might help researchers understand where those animals came from and where they were sold. Scientists might then start sampling bats in the area, which are known to be the natural reservoirs of related coronaviruses like SARS.

    While the research bolsters the case that COVID-19 emerged from animals, it does not resolve the polarized and political debate over whether the virus instead emerged from a research lab in China.

    Mark Woolhouse, a professor of infectious diseases at the University of Edinburgh, said the new genetic analysis suggested that the pandemic “had its evolutionary roots in the market” and that it was very unlikely COVID-19 was infecting people before it was identified at the Huanan market.

    “It’s a significant finding and this does shift the dial more in favor of an animal origin,” Woolhouse, who was not connected to the research, said. “But it is not conclusive.”

    An expert group led by the World Health Organization concluded in 2021 that the virus probably spread to humans from animals and that a lab leak was “extremely unlikely.” WHO chief Tedros Adhanom Ghebreyesus later said it was “premature” to rule out a lab leak.

    An AP investigation in April found the search for the COVID origins in China has gone dark after political infighting and missed opportunities by local and global health officials to narrow the possibilities.

    Scientists say they may never know for sure where exactly the virus came from.

    In the new study, published Thursday in the journal Cell, scientists from Europe, the U.S. and Australia analyzed data previously released by experts at the Chinese Center for Disease Control and Prevention. It included 800 samples of genetic material Chinese workers collected on Jan. 1, 2020 from the Huanan seafood market, the day after Wuhan municipal authorities first raised the alarm about an unknown respiratory virus.

    Chinese scientists published the genetic sequences they found last year, but did not identify any of the animals possibly infected with the coronavirus. In the new analysis, researchers used a technique that can identify specific organisms from any mixture of genetic material collected in the environment.

    Worobey said the information provides “a snapshot of what was (at the market) before the pandemic began” and that genetic analyses like theirs “helps to fill in the blanks of how the virus might have first started spreading.”

    Woolhouse said the new study, while significant, left some critical issues unanswered.

    “There is no question COVID was circulating at that market, which was full of animals,” he said. “The question that still remains is how it got there in the first place.”

    ___

    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.

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  • Equity LifeStyle Stock: Keep An Eye On This Market Leader (NYSE:ELS)

    Equity LifeStyle Stock: Keep An Eye On This Market Leader (NYSE:ELS)

    Vast trailer park, mobile home court on sunny summer morning.

    JamesBrey

    Equity LifeStyle Properties, Inc. (NYSE:ELS), founded in 1969, incorporated in 1992, and headquartered in Chicago, IL, primarily owns and manages manufactured home (MH) and recreational vehicle (RV) communities.

    The position of this REIT seems to be very attractive and the

    Stock P/FFO
    ELS 24.71
    SUI 19.03
    UMH 20.75
    Average 19.89

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