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Gucci and Facebook file lawsuit against alleged counterfeiter for selling fake goods online


Online sales of luxury handbags, shoes and garments have boomed over the past year as the coronavirus pandemic forced retailers to temporarily close their stores.
Groups such as Facebook are keen to make a bigger push into the luxury market and social commerce , but to do so they need to show that their platforms are not a conduit for counterfeiting and are safe for brands, some of which are reluctant to sell their products through third-party players.
More than one million pieces of content were removed from Facebook and Instagram in the first half of 2020, based on thousands of reports of counterfeit content from brand owners, including Gucci, the lawsuit statement said. ....

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Why Bitcoin is a CIA scam to extend the petrodollar : Economics & Finance - Page 6


Outcast Searcher » Tue 27 Apr 2021, 14:51:43
dissident wrote:Bitcoin value is a bubble. People hear about clowns making billions so they buy in expecting to ride the wave. This drives up the price of this vapid asset , which in turn draws more confidence in its value . As noted above the current price (in fiat, LOL) of Bitcoin is too high for hordes of more buyers to be getting the windfalls of the early birds. This means that we are approaching the bubble burst stage.
Bitcoin is also a species of Ponzi scheme since its valuation is driven by new investor flux. Without this flux it could not have appreciated in fiat terms. As we enter the flux attenuation regime, the scheme will start to collapse. ....

Japan's Toshiba considers $20 bln take-private deal - source


BusinessJapan’s Toshiba considers $20 bln take-private deal - source
ReutersMakiko Yamazaki
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A reporter raises his hand for a question during a Toshiba news conference at the company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato
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Toshiba Corp (6502.T) is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.
The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield management, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work. ....

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Business Class Opens to Masses as Affordable Refuge From Covid


Apr 26 2021, 3:57 PM
April 26 2021, 2:30 AM
April 26 2021, 3:57 PM
(Bloomberg) Business class was that silent and spacious sanctuary for the well-heeled, at least until the pandemic destroyed global aviation. But as flights creep back, this once-exclusive haven is being invaded, by the masses.
(Bloomberg) Business class was that silent and spacious sanctuary for the well-heeled, at least until the pandemic destroyed global aviation. But as flights creep back, this once-exclusive haven is being invaded, by the masses.
Flush with cash and a record number of air miles after a year on the ground, leisure travelers are splurging on premium seats for their first trips back. They’re not just after the plated food, champagne and little cosmetics that typically come with the higher fares. Rather, they’re trying to minimize the risk of catching Covid in the cheek-to-cheek jostle of coach. ....

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An Exclusive New Bar Is Offering Tastes Of $50,000 Whisky


An Exclusive New Bar Is Offering Tastes of $50,000 Whisky
Apr 24 2021, 3:08 PM
April 24 2021, 11:30 AM
April 24 2021, 3:08 PM
(Bloomberg) Ever wanted to taste a $50,000 whisky? Get yourself to Singapore. 
(Bloomberg) Ever wanted to taste a $50,000 whisky? Get yourself to Singapore. 
William Grant & Sons Ltd, an independent, family-owned distiller whose Scotch brands include Glenfiddich, the Balvenie, and Monkey Shoulder, has opened the Distillers Library to give collectors from around the region just that chance. 
“We’re trying to personalize the whole experience where you can choose, by invitation, to come in and for us to have the opportunity to share some of the family’s rarest whiskies,” says Doug Bagley, chief commercial officer at William Grant & Sons. “You’ll be trying some of the products that we don’t showcase anywhere else in the world.” ....

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