British entrepreneur Carmine Bruno is careful to point out that his forthcoming online antiques marketplace is intended to complement 1stdibs , not compete with it. It's easy to see why: With $170 million in venture capital funding and a 19-year history in the business, 1stdibs is a formidable adversary, one you'd have to be crazy or absurdly well-funded to come after directly. Bruno is neither.
For all online antique sellers, a comparison to 1stdibs is inevitable. For Bruno, a 1stdibs alum, it's personal. He joined the company in 2012 after it acquired Online Galleries, a U.K.-based digital antique marketplace he started in 2006. For eight years, Bruno helped build out 1stdibs's portfolio of European dealers before leaving the company late last year as managing director of its international division.
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Today's Numbers: The COVID Economy - Marketplace
"The leading economic indicator is … the virus." More than one analyst has put it to us this way. As we try to understand and quantify this unprecedented global economic collapse — and now the attempted restart — we're following key metrics for COVID-19 and the broader economy.
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The latest: President Donald Trump signed an executive action directing $400 extra a week in unemployment benefits. But will that aid actually reach people? It’s still unclear . Trump directed federal agencies to send $300 dollars in weekly aid, taken from the federal disaster relief fund, and called on states to provide an additional $100. But states’ budgets are stretched thin as it is.
The need for an equity-based universal basic income - Marketplace
Millions of eligible Americans received an emergency aid payment of $1,200 earlier this year when COVID-19 began shutting down businesses and putting people out of work. Some compared that emergency relief to a kind of Universal Basic Income payment.
But the one-time stimulus payment fell short of being truly “universal” —many people, including tax-paying undocumented residents, were ineligible for the CARES Act financial relief.
Many of those ineligible people were also clients of Mission Asset Fund, a San Francisco-based organization that helps “unbanked” immigrant families integrate into America’s financial system. MAF’s founder, José Quiñonez, launched its own grant aid system to help those people.
Uber and Lyft can keep driving in California ... for now - Marketplace
BERKELEY, Calif. (AP) — An appeals court has allowed ride-hailing giants Uber and Lyft to continue treating their drivers as independent contractors in California while an appeal works its way through the court.
Both companies had threatened to shut down if a ruling went into effect Friday morning that would have forced them to treat all their drivers as employees, a change they said would be impossible to accomplish overnight.
Lyft told riders and drivers in a Thursday blog post that it planned to discontinue providing rides in California just before midnight tonight, unless a court grants a stay in a pending case. Uber CEO Dara Khosrowshahi had repeatedly said its service would have no choice but to stop providing rides in California if the state's law goes into effect because the company can’t afford to hire 50,000 drivers as employees quickly enough to comply.
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Navy unveils new 'detailing marketplace' for Navy Reserve forces
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The Navy has unveiled a new "detailing marketplace" to succeed the Career Management System–Interactive Detailing for Navy Reserve forces, according to the service.
The new platform, MyNavy Assignment, is designed to provide sailors a "modern interface and user-friendly experience" as they look at and apply for various jobs, the Navy said Thursday. Additionally, the platform allows them to communicate with their command career counselor as well as share their qualifications and experience via a 'MyResume' tab.
If you see protesters at Faneuil Hall Marketplace on Saturday, they will not be what they appear
Peoplle with #saveourchildren signs? They're QAnon'ers i.e. Trump supporters who want to "save" children who don't exist from basements under pizza places that don't actually have basements to keep Tom Hanks and Hillary Clinton from ripping out their precious little adrenal glands. Yes, they walk among us even here in Boston.
No, the staff here at the UHub mountain fortress have not been drinking, but perhaps we should start.
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How is this name pronounced? Is it cue-non , or kway-non , or what? I need to know so I can exit if somebody starts going on about it.
‘Unhinged’ Slowly Fastening Domestic B.O.
Saturday AM update: Solstice Studios braved the continuing pandemic and assisted the major exhibition circuits to reopen this weekend with their Russell Crowe road rage action movie Unhinged this weekend in the U.S. in what was a $1.4M Friday including some Thursday previews at 1,823 theaters. The projected weekend is expected to be $4.2M, and the movie has already clocked $1M from its first week in Canada.
Solstice Studios boss Mark Gill told Deadline this morning, that he’s “relived. Nobody had any certainty that people would go back to the movies at all, and the results we’re seeing here aren’t dissimilar to what we’ve seen in Europe, Canada in Australia. It’s slow and steady.”
Low rates and heavy buyer demand send home sales surging - Marketplace
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.
The July surge in sales reported Friday by the National Association of Realtors marked the second straight month of accelerating home purchases. The back-to-back increases have helped stabilize the home buying market, which all but froze early this spring when the viral pandemic erupted across the United States.
Happening on Twitter
My 7-Day room bound quarantine here in Dubai has just started. It's so cool to be here to get into the preparation… https://t.co/jIjBFhEInE ShaneRWatson33 (from Australia) Fri Aug 21 05:52:15 +0000 2020
ANOTHER CONSPIRACY: Warren, Bernie Say Mail Delivery Policy a Threat to 'Democracy' And 'Millions of Lives' https://t.co/rTFt5MaQKh seanhannity (from NYC) Fri Aug 21 21:56:40 +0000 2020
i wanted to tell the story of what my life was last year. wake-up, plane, venue, soundcheck, have a drink, stage, h… https://t.co/GqqdLH00Tp greysonchance (from Oklahoma, USA) Fri Aug 21 00:15:54 +0000 2020
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