Fitch Downgrades Brightline Muni Bonds Again
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CNN
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These LinkedIn profiles are not what they seem. How to spot a North Korean operative
North Korean operatives are using fake identities to secure remote tech jobs at US companies and make millions for Kim Jong Un's regime. CNN's Teele Rebane breaks down how the scheme works and what to look for online.
CBS News
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Comparison shows how online prices stack up against in-store tags at big box stores
A new price-matching policy at Target is now in effect. As of July 29, the Twin Cities-based company announced it was killing the previous price-matching policy, where it would match prices with Amazon or Walmart. The new policy only lets shoppers price match Target's in-store prices with its own online prices. That had us wondering if in-store and online prices are that different at big box stores. The price match shift is a decision Dr. Kingshuk Sinha, who heads up supply chain studies at the Carlson School of Management at the University of Minnesota, has been tracking. "Maybe some of the benefits of the original value propositions are no longer relevant," Sinha said. "Second, that's not the norm in the industry. Neither Target nor Amazon chooses to do Price Matching because that's not profitable. Certainly, I am sure they have made that judgment." Sinha added he doesn't expect much of a difference between Target's online prices with their in-store tags. "It's good to keep prices consistent so you are not sending mixed signals," he said. Sinha says if everything were cheaper online, there would be less motivation to go into stores. WCCO put his theory to the test. At Target, a floor lamp WCCO found was $150 in-store. Online, it was the same. A coffee maker was $129 both in-store and online and a designer bench that's $240 in-store had the same price online. At Walmart, a TV was $448 in-store AND online, and a robotic vacuum that was $329 in-store was not available online. A suitcase we found was $99 in-store, and a similar one was $90 online. At Best Buy, we found a laptop was $699 in-store and online. A printer at the store was $50 less online. Overall, some differences, but prices are mostly comparable. That is, until you see something else you like. "If you can bring foot traffic in a place like Target, there's a lot of potential," Sinha said.
CBS News
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Beloved Downtown Home and Garden store in Ann Arbor closing its doors
One of Ann Arbor, Michigan's most cherished landmarks is preparing to say goodbye. Downtown Home & Garden, a beloved staple in the community for generations, has announced it will close its doors for good on Christmas Eve. The historic store, nestled at the corner of Ashley and Liberty streets, has long been more than just a place to shop. It's been a gathering space, a hub for local gardeners and foodies, and a symbol of Ann Arbor's unique charm. But after weathering countless challenges over the decades, the financial burden has become too heavy to bear. "I hate to beat the Covid drum but the best way I can describe it is if that was an earthquake we're still having aftershocks and I think that you know, even if you feel like you get a little ground underneath you and something else kind of rattle it so I think people's ability to Have the capacity for uncertainty is kind of limited just because of the things that we've all been through together in the previous years," said owner Kelly Vore. In a heartfelt message shared with the community, the owner cited ongoing financial strain as the reason for the closure. The store has fought to stay afloat through the COVID-19 pandemic, supply chain disruptions, and, more recently, increased rent. A planned lease renewal this year came with a 26% increase, with another hike already on the horizon. As the countdown to Christmas Eve begins, Downtown Home & Garden is focusing on making its final months meaningful. Progressive markdowns on merchandise are already underway, and the team is hoping for a strong holiday season to help close out their legacy on a high note. The store will remain open daily until its final day, with staff ready to assist customers, reminisce with longtime patrons, and celebrate the remarkable journey that spans more than 100 years. "We are here and committed through Christmas Eve. My crew and I are dedicated to bringing this recognizable and lovely experience that everyone is used to having from us. Whether it's pumpkins and moms and tulip bulbs and amaryllis bulbs and Christmas trees and all of those things, that's our plan to deliver on all of that and be as awesome as we always are."
