Salt & Straw expands in Puget Sound with new shops in Redmond and Seattle's Queen Anne
Cousins Kim and Tyler Malek co-founded gourmet ice cream company Salt & Straw in 2011. On Thursday, they announced new locations in Seattle and on the Eastside. The Portland-based company also offered new details of plans for a shop near Pike Place Market.
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35 minutes ago
- Yahoo
Oregon woman is ‘trying very hard' to be able to retire by 80 — but Dave Ramsey says her plan needs rethinking
Abigail, a 70-year-old woman from Portland, Oregon, says she's 'trying very hard to make it possible to retire by 80.' That goal may be within reach now that a solar company has offered to lease her farmland. Still, she's not sure if the deal is a financial lifeline or a liability. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) She called into The Ramsey Show seeking advice and said the company wants to lease 45 acres of her property to build a solar farm, offering a payout of about $4 million for 40 years. Accepting could allow Abigail to retire in a few years — but there are potential pitfalls. 'I've looked at these deals,' said personal finance personality Dave Ramsey. ' In the event they go bankrupt, obviously this lease is cancelled, and then you've got a bunch of junk on your farm that's got to be hauled off. It's very expensive to get rid of it … You're leaving this mess for your heirs then.' Ramsey warned that accepting the lease would effectively place a lien on the property, which Abigail said is worth $3 million today. Even though she would technically own the land, it would be tied up in the deal for decades. Any future buyer would have to accept the lease terms which complicates a potential sale or inheritance. Ramsey questioned whether this was all worth it. ' You're not gonna like my answer, but I wouldn't tie up a $3 million asset for that and have my whole backyard full of this.' He offered an alternative: ' I would sell 10 acres and use that money to live off of.' Abigail's husband is not in support of renting out the land or selling it, but Ramsey had a blunt response to this. 'You're working at 70 years old and worried about how you're going to eat at 80. Your husband didn't save enough money when he was young and working to provide for his wife's food, and so we're going to sell some of his land.' Ramsey said she should figure out how to sell 10 acres to generate $1.5 million by talking to a real estate agent and a land surveyor. That would give her the money to retire without encumbering the rest of the property or saddling her heirs with a long-term lease. Ramsey's advice is clear: avoid complexity and don't leave behind a problem disguised as a paycheck. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Leasing land for solar development has let land owners generate passive income, but it's not always the best option. If you're facing a situation like this, there are resources online to help you make the right decision. Mike Nuckols of the Cornell Cooperative Extension Jefferson County made a list of considerations when leasing agricultural lands to solar developers. 'Given the long-term ramifications, we strongly recommend that you have lease agreements reviewed by an attorney to avoid unexpected surprises such as transfer of mineral rights or mandated renewal after the performance period expires,' he wrote. 'Due diligence is required to avoid exaggerated claims of financial windfall or outright scams.' For example, look closely at end-of-lease terms. The developer should be responsible for removing equipment and restoring your land at the end of the lease. You also need to consider tax implications, what will be possible on the land not rented out, and if the developer is obeying local laws and obtaining necessary approvals, among other factors. The SEIA (Solar Energy Industries Association) has also published a guide for solar land leasing. Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
2 hours ago
- New York Post
Craft giant Michaels buys Joann's intellectual property, fan-favorite labels
NEW YORK — Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing and yarn offerings. 'We're honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels,' Michaels CEO David Boone said in a statement. Advertisement Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home. Christopher Sadowski The deal, he added, allows the company to better 'respond to rising demand' among both new and existing customers. Financial terms of the acquisition were not disclosed. The Associated Press reached out to Michaels for further information on Friday. Advertisement With roots dating back to a single Ohio storefront in 1943, Joann had grown into a destination for generations of sewers, quilters, knitters and lovers of other crafts for more than 80 years. But more recently, operational challenges continued to pile up — with the retailer pointing to sluggish consumer demand, inventory shortages and rising competition. Joann announced it would be going out of business back in February, just one month after filing for Chapter 11 bankruptcy protection for the second time within a year. Advertisement The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands. NurPhoto via Getty Images At the time, the company said financial services company GA Group, together with Joann's term lenders, had been selected as the winning bidder to 'acquire substantially all of Joann's assets' and conduct going-out-of-business sales at all store locations. Michaels on Thursday said that its purchase of Joann's IP and private brands included the acquisition of 'Big Twist' yarns, which had become a staple in Joann stores over the years. Those 'Big Twist' labels are now being developed as part of Michaels' portfolio — and will be available in-stores and online later this year, the company said. Advertisement In the meantime, Michaels has also dedicated a landing page to welcome former Joann customers online. And as part of its overall expansion into fabrics, Michaels said on Thursday that its adding more than 600 new products from new and existing brands — including quilting supplies and fabrics, specialty threads, sewing machines and more. Michaels, founded in 1973, currently operates 1,300 stores across 49 U.S. states and Canada. Its parent company also owns Artistree, a framing merchandise manufacturer.
Yahoo
2 hours ago
- Yahoo
Gerry Adams's lawyer to pursue chatbots for libel
The high-profile media lawyer who represented Gerry Adams in his libel trial against the BBC is now preparing to sue the world's most powerful AI chatbots for defamation. As one of the most prominent libel lawyers in the UK, Paul Tweed said that artificial intelligence was the 'new battleground' in trying to prevent misinformation about his clients from being spread online. Mr Tweed is turning his attention to tech after he recently helped the former Sinn Fein leader secure a €100,000 (£84,000) payout over a BBC documentary that falsely claimed he sanctioned the murder of a British spy. The Belfast-based solicitor said he was already building a test case against Meta that could trigger a flurry of similar lawsuits, as he claims to have exposed falsehoods shared by chatbots on Facebook and Instagram. It is not the first time tech giants have been sued for defamation over questionable responses spewed out by their chatbots. Robby Starbuck, the US activist known for targeting diversity schemes at major companies, has sued Meta for defamation alleging that its AI chatbot spread a number of false claims about him, including that he took part in the Capitol riots. A Norwegian man also filed a complaint against OpenAI after its ChatGPT software incorrectly stated that he had killed two of his sons and been jailed for 21 years. Mr Tweed, who has represented celebrities such as Johnny Depp, Harrison Ford and Jennifer Lopez, said: 'My pet subject is generative AI and the consequences of them repeating or regurgitating disinformation and misinformation.' He believes statements put out by AI chatbots fall outside the protections afforded to social media companies, which have traditionally seen them avoid liability for libel. If successful, Mr Tweed will expose social media companies that have previously argued they should not be responsible for claims made on their platforms because they are technology companies rather than traditional publishers. Mr Tweed said: 'I've been liaising with a number of well-known legal professors on both sides of the Atlantic and they agree that there's a very strong argument that generative AI will fall outside the legislative protections.' The lawyer said that chatbots are actually creating new content, meaning they should be considered publishers. He said that the decision by many tech giants to move their headquarters to Ireland for lower tax rates had also opened them up to being sued in Dublin's high courts, where libel cases are typically decided by a jury. This setup is often seen as more favourable to claimants, which Mr Tweed himself says has fuelled a wave of 'libel tourism' in Ireland. He also said Dublin's high courts are attractive as a lower price option compared to London, where he said the costs of filing libel claims are 'eye-watering'. He said: 'I think it's absurd now, the level of costs that are being claimed. The libel courts in London are becoming very, very expensive and highly risky now. The moment you issue your claim form, the costs go into the stratosphere. 'It's not in anyone's interest for people to be deprived of access to justice. It will get to the point where nobody sues for libel unless you're a billionaire.' Meta was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
