small business majority events

Loblaw’s resolution to freeze costs on all No Title objects till January labeled a ‘PR technique’

Canada’s greatest grocery chain is freezing costs on all its No Title merchandise for the following three months.

Loblaw Firms Ltd. — which operates such grocery shops as Loblaws, Zehrs, No Frills and Actual Canadian Superstore — says it has locked in costs of the favored home model, which incorporates greater than 1,500 grocery objects, till Jan. 31, 2023.

In a letter shared with a few of its prospects on Monday, Loblaw chairman and president Galen G. Weston says the value of a median basket of groceries is up about 10 per cent this 12 months, with such objects as apples, soup and chips up much more .

Weston stated a lot of that is “maddeningly” out of the corporate’s management as meals suppliers cross on increased prices to Loblaw.

The chain has pushed again in opposition to some will increase the place it will probably, he stated, however suppliers are contending with the identical price will increase confronted by customers — with increased costs for the whole lot from uncooked supplies to power and transportation.

“None of those explanations supply a lot consolation whenever you’re fearful about your loved ones’s funds and unsure about how a lot you may want every month to pay for meals,” Weston stated in a letter to members of the corporate’s loyalty program, PC Optimum.

Final 12 months, a struggle over increased costs briefly noticed the corporate droop the sale of Frito-Lay merchandise at its shops, earlier than the 2 sides got here to an settlement.

Grocery chains have come beneath fireplace for being seen to be making extreme income at a time when customers are stretched skinny on account of rising inflation.

A number of years in the past, grocery chains together with Loblaw, Sobeys, Metro and others took a reputational hit with customers once they had been discovered by Canada’s competitors watchdog to have been colluding to repair the value of bread and different baked items for years.

Federal NDP Chief Jagmeet Singh has made grocery retailer income a rallying name, noting that the main Canadian chains have taken in $2.3 billion in revenue to date this 12 months.

Loblaw’s income have certainly risen of late, with the corporate revealing internet earnings of $387 million in its most not too long ago accomplished quarter. That is up by $12 million from this time final 12 months and by $121 million from the identical interval in 2019, earlier than the COVID-19 pandemic.

At rival Metro Inc. — which owns Metro, Meals Fundamentals and different manufacturers — internet earnings got here in at $275 million in the latest quarter, up from $252 million a 12 months in the past and $222 million in the identical interval in 2019.

It is a related development at Empire Co. — the proprietor of Sobeys, IGA, Safeway, Farm Boy, Foodland, FreshCo and different grocery manufacturers — posted internet earnings of $187 million in its most not too long ago accomplished quarter. That was down barely from $188 million in the identical interval a 12 months earlier however up from $120 million in the identical interval pre-pandemic.


Whereas Loblaws is spinning the transfer as a change to assist customers, it’s normal for grocers to attempt to preserve steady costs throughout the busy vacation procuring season.

“It’s an trade observe to have a worth freeze from Nov. 1 to Feb. 5 for all personal label and nationwide model grocery merchandise,” a spokesperson for the Metro chain advised CBC Information on Monday. “And this would be the case once more this 12 months in all of Metro banners.

“There could also be a number of worth will increase acquired previous to Oct. 31 that can seem on the shelf, however no worth will increase thereafter.”

Many skeptics

Jim Stanford, an economist and director of the analysis institute Middle for Future Work, stated whereas many Canadian firms have tried to color themselves because the victims of inflation, their monetary outcomes present that they’re the truth is contributing to it.

“Company income have soared proper alongside shopper costs, and it is not a coincidence,” he advised CBC Information in an interview on Monday. “The proof is evident that firms are doing rather more than passing on increased prices.”

As a share of Canada’s complete GDP, he famous that company income hit an all-time excessive of just about 20 per cent within the second quarter of this 12 months. Whereas different sectors — notably the power sector — have seen income enhance at a sooner fee, Stanford stated, grocers are clearly popping out forward.

“We should always see this as a PR gesture from an organization that is aware of it is within the eye proper now,” he stated of Loblaw’s resolution to freeze No Title costs.

WATCH | Why is Loblaws making this transfer now?

They may do that for the whole lot they promote,’ economist says of Loblaws restricted worth freeze

Economist and Director of the Middle for Future Work Jim Stanford says Loblaws’s transfer to freeze costs on its No Title merchandise ‘completely confirms’ what was already recognized concerning the grocery store enterprise: that it is ‘an oligopoly.’

Others say it is unfair to counsel that grocery chains particularly have been gouging customers. Trevor Tombe, an economist on the College of Calgary, not too long ago crunched the numbers on company income and stated he did not discover a lot proof of undue profiteering in that sector particularly.

“The revenue ranges are up due to volumes, not due to worth markup will increase,” he stated in an interview.

“The upper income that we’re seeing are largely pushed by excessive commodity costs and excessive power, oil and gasoline costs particularly. In order that’s inflicting each inflation to extend and income to extend.”

Marion Chan, a principal with TrendSpotter consultancy, says the transfer is sensible for Loblaw because it’s a chance to realize prospects on objects for which pricing tends to matter greater than branding.

Inflation-weary customers are “very keen to make the trade-offs and go to a No Title product or a or a non-public label product as it might be to avoid wasting cash,” she stated in an interview. “There’s a variety of the explanation why individuals are model loyal however [they] hit a cap at a sure level the place they are saying, no, I simply cannot spend.”

WATCH | Are the grocery giants gouging us?

Are the grocery giants gouging us?

Sylvain Charlebois, Director of Agri-Meals Analytics Lab at Dalhousie College, says prices for the large grocery chains have legitimately gone up, however the trade as a complete is taking quite a lot of warmth from customers for increased meals costs proper now.

Comparable strikes in different nations

The choice by Loblaw to freeze costs of the personal label model with its distinctive yellow-and-black packaging follows related bulletins by grocers in different nations.

In August, French grocery store chain Carrefour introduced plans to freeze costs on about 100 of its house-brand merchandise till Nov. 30.

In June, Lidl’s US arm was launched a summer time price-cutting marketing campaign to ease the inflationary burden on prospects. The corporate stated it dropped costs on greater than 100 objects in its shops throughout 9 East Coast states till August.

“We have seen grocers voluntarily freezing costs throughout the G7 for some time now,” stated Sylvain Charlebois, professor of meals distribution and meals coverage at Dalhousie College in Halifax. “It ought to have occurred a very long time in the past in Canada.”

Nonetheless, freezing No Title costs will supply much-needed reduction to Canadians, he stated, including it’s going to additionally assist to restore a number of the picture points dealing with Canada’s huge grocers, Charlebois stated.

“That is additionally a PR technique…. Plenty of Canadians are blaming grocers for what is going on on with meals inflation,” he stated. “A few of it’s deserved … however a lot of that criticism is unfair as a result of meals costs can rise for quite a lot of causes past a grocer’s management.”

Mike von Massow, an affiliate professor within the meals, agricultural and useful resource economics division on the College of Guelph, stated it is no accident that Loblaw has determined to cap worth hikes on the model that it owns, as a result of it has the ability to regulate all components of the provision chain.

“They management the model, they will management rather more of the margin of that product — they usually could properly have locked within the costs and mitigated little bit of their threat going ahead,” he stated in an interview. “Are they going to lose substantial quantities of cash on this, on this dedication? In all probability not.”

Whereas the corporate’s transfer has so much to do with public relations, von Massow stated, it’s probably going to assist individuals who want it most, as a result of it is focusing on staple objects the place there are only a few methods of avoiding worth will increase. “There’s a actual likelihood that prices will proceed to go up over the approaching months, and this offers individuals some certainty now,” he stated.

Debate Viewers Laughs When Mon. Ron Johnson Insists He Was ‘Set Up’ By The FBI

Sen. Ron Johnson (R-Wis.) had a raucous viewers laughing throughout a marketing campaign debate Thursday when he complained he had been “arrange” by the FBI.

Johnson was responding to an assault by his Democratic rival, Lt. Gov. Mandela Barnes, that the senator was as soon as warned by the FBI that the Kremlin was making an attempt to show him right into a “Russian asset.”

Johnson was knowledgeable at an FBI briefing in 2020 that he was the goal of Russian disinformation as a part of a marketing campaign to make him helpful to the Kremlin, the senator confirmed to The Washington Publish final yr.

Barnes warned in his face-off Thursday with Johnson, within the second of two televised debates in Milwaukee, “We can not belief Sen. Johnson to guard democracy overseas as a result of we won’t even belief Mon. Johnson to guard democracy right here at residence.”

Johnson fired again at Barnes’ “wild cost.” His declare that the “FBI set me up with a corrupt briefing after which leaked that to smear me” introduced laughter from the controversy viewers.

Johnson accused the FBI of being tainted by corruption, which he mentioned he has been “making an attempt to uncover and expose” (some extent met with extra viewers laughter).

His accusation of a setup is one in all a litany of untamed claims Johnson has made.

After the Jan. 6, 2021, riot on the US Capitol, Johnson in a radio interview defended the attackers as “peaceable,” calling them “those that love this nation, that actually respect regulation enforcement, [who] would by no means do something to interrupt the regulation.” He mentioned he would have been “involved,” nonetheless, had the rioters been Black Lives Matter protesters as an alternative of a mob incited by then-President Donald Trump.

He additionally claimed just lately that he was concerned in making an attempt to overthrow the 2020 presidential vote for under “seconds” final yr and actually had no clear concept what was occurring. He mentioned he tried to submit a listing of faux electors to then-Vice President Mike Pence to disclaim Joe Biden his presidential victory. However Pence’s chief of employees refused to just accept it.

In a Fox Enterprise Information interview final month, Johnson mentioned he “condoned” white supremacy, then rapidly modified the phrase to “condemned” in what one critic blasted because the “all-time Freudian slip.”

Johnson is extensively considered probably the most susceptible senator within the upcoming election, however he has just lately been inches forward in polls.

Can You Prevent Telehealth Fraud?

Can You Prevent Telehealth Fraud?

Telemedicine has continued to thrive in a post-pandemic world, but with the expansion of services comes the expansion of fraud.

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The Office of Inspector General (“OIG”) has warned healthcare entities to use ‘heightened scrutiny’ when entering telemedicine arrangements that have suspect characteristics of a fraud scheme.

The OIG has stated that a common characteristic of fraudulent schemes is the use of kickbacks to recruit and award healthcare practitioners.

The OIG further warns that enforcement is continuing. The OIG and the Department of Justice (DOJ) have investigated many fraud cases involving telemedicine companies.

In their investigations and cases, healthcare practitioners, telemedicine companies, and other participants have been held civilly, criminally, and administratively liable for their participation.

Some of the violations include:

  1. Violations of the federal anti-kickback statute,
  2. Submitting claims in violation of the False Claims Act, and/or
  3. Violations of other federal criminal laws.

Often, these cases involve a healthcare practitioner ordering or prescribing items or services for purported patients that were never examined or meaningfully assessed to determine medical necessity.

What should you watch out for?

Healthcare practitioners should be on the lookout for suspect characteristics, including, but not limited to:

  • Patients identified or recruited by the telemedicine company,
  • Insufficient contact or information from the purported patient to assess medical necessity,
  • Compensation from the telemedicine company based on the volume of items or services ordered or prescribed,
  • Telemedicine companies that only provide items and services to federal healthcare program beneficiaries,
  • Telemedicine companies that only furnish one product or a single class of product that might restrict treatment options, and
  • Telemedicine companies that don’t expect practitioners to follow up with patients or provide follow-up contact information.

Why does this matter for you?

Healthcare entities that engage with fraudulent telemedicine companies can face criminal, civil, or administrative liability, based on the situation.

It is essential to vet your vendors well. If you need help vetting vendors, contact Rickard & Associates today.

If you have questions or need help with your healthcare contract or your termination clause, contact Rickard & Associates today.

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Do you need help updating your Business Associate Agreement or negotiating contracts with third-party vendors? We can help. To contact us about your Business Associate Agreement, your vendor contracts or your other legal needs, call us today.

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Can You Protect Your Child’s Inheritance From Their Spouse?

Many of our clients want to plan for their children’s future, when drafting their estate plans. However, some of our clients are concerned about their child’s spouse accessing the inheritance.

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While each client has different concerns and requires tailored estate planning, one question we often hear relates to protecting the inheritance of the spouse of their child.

So can inheritance be protected from a spouse of your child?

Yes, there are many ways to try to protect inheritance.

While every situation is different, there are steps that can be taken to try to keep the money for your child – and not their spouse.

One way to attempt to protect the money is to instruct the child as to how to handle inheritance of money upon receipt.

Tell your child to hold on to any documentation that specifies that the inheritance is for the child, and not to the child and their spouse. Keeping the inheritance in a separate account can insulate it further.

One of the best ways to protect inheritance is by putting a language in your trust that specifies how it is to be distributed.

An incredibly useful tool in protecting inheritance is a trust for your child, inside your trust. This is often referred to as a sub-trust.

If you put your child’s money into a sub-trust within your trust, you can stagger their distribution and put language in place about how they can access their inheritance.

If you stagger their distribution so that they receive chunks at certain ages, if they get divorced, hopefully they will still have the remaining distributions following their divorce.

Prior to a distribution set, you can provide guidance to the trustee so that they know when they can give money to your child for a variety of purposes.

Tailored language in your trust is one of the best ways to potentially protect the inheritance of money, especially if divorce is on the horizon.

Utilizing a trust, as opposed to a will or dying interest, also keeps the terms private. If your child is estranged from their spouse, they might not even be aware of the trust and distribution.

If your child is not yet married, consult an attorney about a pre-nuptial agreement when the time comes. This agreement can plan for future inheritance.

We help our clients put the correct estate planning documents in place to address their concerns and protect their wishes. We also help clients routinely update their documents as situations change.

Let us know if you have questions as to what type of estate plan is right for you or your loved ones or if you need help tailoring language to protect your child’s inheritance.

Contact us today to help you get the right documents in place or to update your current estate plan. We will plan so that you don’t have to worry about your future.

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Estate Planning: 5 Things to Consider

If you are preparing to draft your estate plan with your estate planning attorney, there are a variety of issues that you will need to think about before your documents can be finalized.

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Prior to drafting your estate plan, we recommend that you give some thought to the following items:

  1. How do you want your money and assets handled if you die? Do you want any restrictions? If you are married, do you want your spouse to handle all assets? Are you worried about your spouse remarrying and being influenced by the spouse? It is important to know how you want your money to be managed when you or your spouse dies, especially if you have minor children.
  2. If you have minor children, who will be their guardian? This is a very difficult discussion to have, but it’s better to make this decision than leave it up to the probate court. Many parents hope to avoid lengthy, emotional guardianship proceedings for their minor children.
  3. Upon your death, where do you want your money, house, etc. to go? Do you want it to go to family, children, friends, charities, etc.? And do you want it given all at once? Or staggered? We typically recommend distributing money to children at certain ages, instead of in a lump sum.
  4. Who will handle your affairs when you die? You need to appoint someone to be your trustee. This will be the person that you name to follow the instructions laid out in your estate plan regarding distribution or other plans you have set forth. This is usually your spouse first if you are married, then the most responsible person you know.
  5. Who will make decisions for you if you are incapacitated? Usually, married clients designate their spouse as their power of attorney for both health and financial issues. If your spouse is already incapacitated or predeceased you or if you are single, who would you want to handle these issues? It can be the same person, or different people, to handle medical and financial people.

These are some of the decisions you should consider.

We often help our clients walk through these decisions and provide further guidance as we draft their documents.

If you need help, contact us today.

Contact us today to help you get the right documents in place or to update your current estate plan. We will plan so that you don’t have to worry about your future.

We publish vital information every Wednesday and Friday. To get this important information delivered directly to your mailbox,

Contact us today with all your legal needs!

SpaceX giant rocket explodes minutes after launch from Texas – Business News

SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico.

Elon Musk’s company was aiming to send the biggest and most powerful rocket ever built on a round-the-world trip from the southern tip of Texas, near the Mexican border. The nearly 400-foot (120-meter) Starship carried no people or satellites.

SpaceX later said multiple engines were not fired as the rocket ascended, causing it to lose altitude and begin to tumble. The rocket was intentionally destroyed by its self-destruct system, exploding and plummeting into the water.

The 33-engine booster was supposed to peel away from the spacecraft three minutes after liftoff, but that didn’t happen.

Instead of a best-case-scenario 1 1/2-hour flight with the spacecraft taking a lap around the world, the whole thing lasted four minutes. It reached a maximum speed of about 1,300 mph (2,100 kph) and as high as 24 miles (39 kilometers).

Throngs of spectators watched from South Padre Island, several miles away from the Boca Chica Beach launch site, which was off-limits. As the Starship lifted off with a thunderous roar, the crowd screamed: “Go, baby, go!”

Musk, in a tweet, called it “an exciting test launch of Starship! Learned a lot for the next test launch in a few months.”

In the week leading up to the flight, Musk gave 50-50 odds that the spacecraft would reach orbit and not end up in what SpaceX calls a “rapid unscheduled disassembly.” He said not blowing up the launch pad would be a win.

“You never know exactly what’s going to happen,” said SpaceX livestream commentator and engineer John Insprucker. “But as we promised, excitement is guaranteed and Starship gave us a rather spectacular end.”

At liftoff, the rocket kicked up huge plumes of sand and dust on the pad. In Port Isabel, about 10 miles from the launch site, particles covered cars and other surfaces, said John Sandoval, assistant to the city manager. The only other report, he said, was a shattered window at a local business. “Yes, it shook, rattled and rolled,” said Sandoval of the rocket.

The Federal Aviation Administration said it would oversee the accident investigation, noting that no injuries or public property damage were reported. The agency also said that until it determines that there is no threat to public safety, Starships will be grounded.

The SpaceX intends to use Starship to send people and cargo to the moon and, eventually, Mars. NASA has reserved a Starship for its next moonwalking team, and rich tourists are already booking lunar flybys.

Despite the abbreviated flight, congratulations poured in from NASA chief Bill Nelson and others in the space industry. Retired Canadian astronaut Chris Hadfield tweeted, “Huge accomplishment, huge lessons, onwards to the next attempt.”

“It fell somewhere between a small step and their hoped-for giant leap, but it still represents significant progress toward a reusable super-heavy lift rocket,” University of Chicago’s Jordan Bimm, a space historian, said in an email.

At 394 feet and nearly 17 million pounds of thrust, Starship easily surpasses NASA’s moon rockets — past, present and future. NASA successfully launched its new 322-foot (98-meter) moon rocket last November on a test flight, sending the empty Orion capsule around the moon.

The stainless steel Starship rocket is designed to be fully reusable with fast turnaround, dramatically lowering costs, similar to what SpaceX’s smaller Falcon rockets have done soaring from Cape Canaveral, Florida. Nothing was to be saved from this test flight, with the spacecraft — if all had gone well — aiming for a watery grave in the Pacific near Hawaii.

The futuristic spacecraft flew several miles into the air during testing a few years ago, landing successfully only once. But this was to be the inaugural launch of the first-stage booster with 33 methane-fueled engines.

SpaceX has more boosters and spacecraft lined up for more test flights; the next set is almost ready to go. Musk wants to fire them off in quick succession, so he can start using Starships to launch satellites into low-Earth orbit and then put people on board.

It was the second launch attempt. Monday’s try was scrapped by a frozen booster valve.

Jason and Lisa Flores drove down from Corpus Christi to watch the launch with their daughter, and noticed something was missing.

Lisa Flores cried seeing the liftoff and then realized, “It’s not working out the way it was supposed to.”

Elizabeth Trujillo, 13, wearing a “Star Wars” shirt and carrying toy binoculars, skipped school to see the launch from the beach with her mother and other relatives. The crowd cheered when Starship cleared the tower.

Despite the failed attempt, “it was worth it,” said Jessica Trujillo, Elizabeth’s mother. “Just hearing and seeing the view, the excitement of the crowd, it was priceless.”

“Practice makes perfect. They just got to practice some more,” she added.

Why Shouldn’t I Use an Online Will?

Online will often do more harm than good. Many people look to the internet when preparing estate planning documents, like wills and trusts, but this can set you up for disaster.

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Online will often ‘one size fits all’ documents that don’t account for your particular situation. Sometimes, they don’t account for the current laws in your state.

These documents may not even be legitimate and can lead to issues and misunderstandings among family members, tax losses, expensive probate proceedings, and disputes that last years after death.

By their nature, wills have to go through the probate system. This is costly and does not guarantee that your wishes will be followed.

Meeting with expert estate planners is the only way to protect your interests and have the best documents tailored to your needs.

Online estate planning may not even offer the correct document or documents. A website may direct you to use the wrong documents, or may not offer an extensive package of the complete documents you need for your situation.

Online documents are also often limited in their scope. This means that you can’t adequately plan for your needs.

When your future is at stake, you need to have the correct documents in place to protect your wishes. Your powers of attorney need to be complete and accurate.

If you have children, it is essential that you have appointed their guardian and planned for their future.

Online estate planning can have a preset language that is in opposition to your wishes.

If you’ve utilized online estate planning, contact our office today so that we can revise your documents and make sure that your family, assets, and wishes are planned for and protected.

Contact us today to help you get the right documents in place or to update your current estate plan.

We publish vital information every Wednesday and Friday. To get this important information delivered directly to your mailbox,

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China shuts 100,000 fake news social media accounts, ramps up content cleanup | US & World

By Bernard Orr and Eduardo Baptista

(Reuters) – China has intensified efforts to clean up the internet from false news and rumours, closing more than 100,000 online accounts over the past month that misrepresented news anchors and media agencies, its cyberspace regulator said.

The Cyberspace Administration of China (CAC) launched a special campaign to clean up online information, focusing on social media accounts that disseminate “fake news” and impersonate state-controlled media.

The regulator said it had wiped 107,000 accounts of counterfeit news units and news anchors and 835,000 pieces of fake news information since April 6.

The cleanup comes as China and countries across the globe grapple with an onslaught of fake news coverage online, with many implementing laws to punish culprits.

News dissemination on Chinese social media, however, is already heavily controlled, with platforms like the Twitter-like Weibo favoring topic hashtags produced by state media, while censoring hashtags on issues or incidents considered sensitive by Beijing, even if they go viral.

The CAC said its review found accounts that had disguised themselves as authoritative news media by falsifying news studio scenes and imitating professional news presenters, using artificial intelligence (AI) to create anchors to mislead the public.

Fake news identified as covering hot topics such as social incidents and international current affairs, according to a statement the CAC posted on Monday on its website.

“(The CAC) will guide online platforms … to safeguard the legitimate rights and interests of the majority of internet users to obtain authoritative and real news,” the regulator said, adding it encouraged users to provide leads on counterfeit news and anchors.

China’s government has regularly ordered sweeping measures to scrub the internet of material and language that deems inappropriate, offensive and a threat to the public and businesses.

Recently, the CAC vowed to crack down on malicious online comments that damage the reputation of businesses and entrepreneurs.

Nascent generative AI technology like ChatGPT has introduced another layer of caution. China recently arrested a man in Gansu province for allegedly using ChatGPT to generate a fake story about a train crash.

(Reporting by Bernard Orr; additional reporting by Ethan Wang; Editing by Jamie Freed)