Photos: Nordstrom/Henna & Hijabs American Dream, the mega entertainment and retail complex in East Rutherford, NJ, announced plans to open The Address , billed as “the world’s first modest fashion department store” for Muslims, Orthodox Jews and others requiring or seeking cover-up styles. The 55,000-square-foot space will sell “the world’s most sought-after modest brands” and feature weekly events, fashion shows and personal styling services. “We know the modest trend has seen a global boom in mainstream fashion in recent years,” said American Dream CEO Don Ghermezian, in a press release. “This is a movement, and these savvy shoppers remain underserved by brick-and-mortar stores.” Modest garments are usually defined by higher necklines, longer hemlines and sleeves, and looser fits, and are often worn for religious reasons. Some branches of Christianity and Orthodox Judaism subscribe to a way of dressing that is not revealing, but modest fashion is inextricably linked with the Islamic religion. The fashion trend erupted after Dolce & Gabbana released a collection of hijabs and abayas (ankle-length robes) in 2016 targeting Muslim shoppers in the Middle East, followed by similar collections from other fashion houses. Nike, H&M, Mango, ASOS, Gap, DKNY and Uniqlo have also put out modest […]

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MILWAUKEE, Wis. – The Greater Milwaukee Urban League will honor local leaders and organizations whose efforts to champion equity and social justice make Milwaukee a better community for everyone. The awards ceremony will take place Thursday, Feb. 23, 2023, during the GMUL’s 62 nd annual Whitney M. Young Jr. Equal Opportunity Day Luncheon at the Pfister Hotel, 424 E. Wisconsin Ave., Milwaukee. Networking and registration will begin at 11:30 a.m. The theme for this year’s Equal Opportunity Day Luncheon is “Entrepreneurship: A Road to Creating Jobs and Generational Wealth!” The special guest speaker for the event is John Daniels Jr., retired partner and chair emeritus, Quarles Law Firm. The premier presenting sponsor for the event is Molson Coors Beverage Co. Presenting sponsors of the luncheon are iHeartMedia and U.S. Bank. WISN-12 news anchor and investigative reporter Derrick Rose will be the emcee. Throughout 2023, GMUL will partner with Molson Coors to support local entrepreneurs. The GMUL Entrepreneurship Connection will work with other nonprofit agencies to convene monthly sessions with experts to provide entrepreneurs with free access to information, capital and support. The Connection will kick off with a panel on entrepreneurship immediately following the luncheon at 1:30 p.m. “Working […]

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Funding Opportunity Number : SFOP0009383 Assistance Listing (CFDA) number: 19.519 – Overseas Refugee Assistance Program for Near East Announcement issuance date: Monday, February 13, 2023 Announcement type: Cooperative Agreement Proposal application submission deadline: Monday, March 17, 2023 at 11:59:59 p.m. Eastern Daylight Time (23:59:59). Proposals submitted after this deadline will not be considered. Anticipated timeframe to award for selected proposals: Pending the availability of funds, PRM anticipates, but makes no guarantee, that awards will be made less than 4 months from the proposal submission deadline. ADVISORY: All applicants must submit proposal application packages through the website Grants.gov. PRM strongly recommends submitting your application packages early to allow time to address any technical difficulties that may arise on the Grants.gov website. If you are new to PRM funding, the Grants.gov registration process can be complicated. We urge you to refer to PRM’s General NGO Guidelines “Application Process” section for information and resources to help ensure that the application process runs smoothly. PRM also strongly encourages organizations that have received funding from PRM in the past to read this section as a refresher. PRM strongly recommends application narratives be submitted in Adobe PDF, as Microsoft Word documents may sometimes produce different […]

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Way back in 1993, the Financial Times ran a column bemoaning the grandiose job titles that were popping up in the US and the UK. "Monetary inflation may be under control in Britain, but the same cannot be said for job titles," wrote Adrian Furnham, a professor at University College London. "Nearly all Americans over the age of 23 seem to have the title ‘executive vice-president’ embossed on their business cards." But here’s the thing about inflation: It never ends. According to a new analysis of 2.4 million job postings by Datapeople, a provider of recruiting analytics, American job titles are even more grandiose today than they were back when Furnham was grousing about the state of corporate taxonomies. Since 2019, employers have tripled their use of the word "lead" in early-career tech jobs, upped their use of "principal" by 57%, and cut their use of the word "junior" by half. "It was shocking to me how dramatic it’s been," says Maryam Jahanshahi, the head of R&D at Datapeople. "It’s rampant in lots of different types of jobs." So what’s driving companies to hand out ever-fancier titles? There are four factors fueling the rampant title inflation: Screwing employees out […]

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The merchant spinoff ‘will enable FIS to target a strong investment-grade credit rating, while allowing Worldpay to invest more aggressively for growth,’ FIS’s CEO said Financial-technology company Fidelity National Information Services Inc. is planning to spin off its merchant business, the company said Monday. FIS FIS, -13.52% , which announced a “comprehensive assessment” of its business under its new management team in December, said it intends to maintain a commercial relationship with the Worldpay merchant business that it is spinning off. The move essentially reverses the Worldpay merger that FIS announced in early 2019 . FIS and peers Global Payments Inc. GPN, -2.89% and Fiserv Inc. FISV, +0.44% have been known as the “deal stocks” within the payments universe, as all three announced big mergers in the first half of 2019. FIS’s stock has been the weakest performer of the bunch since the time of the company’s $43 billion Worldpay acquisition announcement — a deal one analyst recently called “underwhelming.” The spinoff of Worldpay is expected to be conducted in a tax-free manner and completed within 12 months, according to Monday’s release. FIS shareholders will receive a pro-rata distribution of shares in Worldpay, though the company has yet to […]

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It’s Alphabet (GOOGL) versus Microsoft (MSFT) in artificial intelligence — and after decades of owning search, Google finds itself looking over its shoulder. While the Club owns both stocks, we’re most concerned about Alphabet at the moment as it plays catch up in the AI arms race and faces a government antitrust lawsuit over its online advertising dominance. Last week was brutal for Alphabet shares. Microsoft last Tuesday unveiled surprise plans for an AI-enhanced version of its Bing search engine, which barely has any market share. In response, a day later, Google held its own AI event — showcasing Bard, its answer to ChatGPT. It was a flop. The back-to-back decline last Wednesday and Thursday in Alphabet stock was the biggest two-session losing streak since March 2020. Wall Street’s rebuke of GOOGL last week reflects our worries that if a new Bing — pow e red by Microsoft-backed OpenAI , maker of viral sensation ChatGPT — were to gain a foothold in search, Alphabet’s online ad dominance could be threatened. The Justice Department’s suit could also shake up the ad market. Alphabet’s business model depends on revenue from online ads. The company delivered full-year 2022 total revenue of $282.84 […]

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Goldman Sachs has historically thought about the technology function within the company a bit differently than most. This has been reflected in the choices of chief information officers that the company has chosen, which have included Martin Chavez, who held a PhD in Medical Information Sciences and would go on to become the chief financial officer of the company as well as George Lee, who was a Partner and Co-Head of Global Technology, Media and Telecom Banking prior to become CIO. He is currently the Co-Head of the Office of Applied Innovation at the company. The incumbent is Marco Argenti, who joined the firm as a Partner as well as CIO in 2019. He joined the company after spending six years as a Vice President of Technology at Amazon. One might think that trading in a plum role at perhaps the world’s premier technology company for an institution that was founded in 1869 might not seem like the obvious choice, despite Goldman Sachs’ prestigious brand, but Argenti notes that his only worry was that his new employer might be too successful to embrace change. “That was my biggest worry coming in: I’m not going in for a turnaround because […]

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The booth of Lenovo at the 2022 China International Fair for Trade in Services in Beijing on Sept 1, 2022. [Photo/VCG] Chinese tech company Lenovo launched its latest server products as part of its broader push to build a digital foundation to help accelerate digital transformation. Liu Jun, president of Lenovo China, said intelligent transformation will be a sharp tool for Chinese enterprises in the next decade, and the level of intelligent productivity will determine the speed and growth of enterprises’ development. Liu said the launch of Lenovo’s server products under the new brand Wentian will help Chinese enterprises to lead the intelligent era with more complete new IT full-stack services. Liu said last year that Lenovo aims to be the No 1 player in the Chinese server market in about five years, and the company wants to "take the throne" of the local IT service industry in three to four years. Liu said China is accelerating the development of the digital economy, which will provide big opportunities for Lenovo. The company will enhance its push to pursue innovation-driven development. Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.1 percent from 2022, according […]

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It is no surprise that modern-day businesses are increasingly leveraging Digital Transformation. While digital capabilities had started influencing various aspects of business over the last few years, it was accelerated significantly by the pandemic as the world underwent a massive change. Like several others, retail businesses have started using advanced technology to transform multiple elements of business, to achieve greater efficiency and offer improved consumer experience. As times change, it has become clear to physical retail businesses and brick-and-mortar establishments that implementing digital capabilities to upgrade their business processes and systems, and also building digital interfaces with consumers, are key to ensuring the growth of their business and forging genuine credibility. Amit Verma Tarun Sobhani, Founder & CEO, SingleInterface With the advent of cutting-edge technologies, traditional retail businesses have found it lucrative to move beyond legacy systems and adopt present-day approaches, to optimize business. Retail business owners have understood that missing such opportunities to transform through digital avenues can distance consumers and cause potential losses. While spaces such as eCommerce have gained momentum, retail businesses realize that with the right usage of technology and digital infrastructure, their physical stores can be made more inviting and hospitable, helping consumers find […]

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Unfortunately, the government’s inability to ensure a stable electricity supply severely limited the use of these Fourth Industrial Technologies, says the author. Photo: Ayanda Ndamane/African News Agency (ANA) The ANC-created Eskom disaster impedes digital transformation. The past week I had to accompany an elderly friend to the Department of Home Affairs in Caledon to collect an identity card. But what a catastrophic experience. I was wondering why so many people were waiting outside Home Affairs in the blazing sun, until I realised it was Caledon’s “privilege” to pay for the incompetency of government through load shedding from 10am to 12pm. Although the doors of Home Affairs were open, it was dark inside and since the computers were down, nobody could be served. It was only an hour after the power came on that some people were allowed in. The officials were lethargic and progress was slow. It was only at 3pm that the collection of an identity card could be completed – a simple process that took seven hours. Interestingly enough, on the wall is a large poster: “The Department of Home Affairs declared war on queues.” 27:50 No generator, solar energy or battery backup was available and many […]

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