In the best of times, restaurant owners operate on thin margins. Now, rising costs are making it even harder for independent eateries to survive. Jenna Petersiel, owner of Chilmark Tavern on the island of Martha’s Vineyard in Massachusetts, spoke with CBS MoneyWatch about how she keeps her business afloat. This …
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August, 2022
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2 August
Beyoncé removing offensive term for disabled people from new song “Heated” on her “Renaissance” album
Beyoncé is removing an offensive term for disabled people from a new song on her record “Renaissance,” just weeks after rapper Lizzo also changed lyrics to remove the same word. “The word, not used intentionally in a harmful way, will be replaced,” a spokeswoman for Beyoncé wrote in a statement …
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July, 2022
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28 July
Barack and Michelle Obama’s official White House portraits to be unveiled during September ceremony
Former President Barack Obama and former first lady Michelle Obama will return to the White House in September for a special occasion: their official portraits are finally being unveiled, more than five years after they left the residence. President Biden and first lady Jill Biden will host the ceremony on …
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27 July
Blame inflation for the rising cost of a bacon, egg and cheese
Some of the nation’s most popular eateries — both large and small — are hiking their prices, passing higher supply costs onto customers. McDonald’s, Outback Steakhouse, Starbucks and Wendy’s have raised menu prices this year as inflation maintains its tight grip on the U.S. economy. Chipotle joined them on Tuesday …
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23 July
U.S. Marine facing second
An active-duty U.S. Marine accused in the stabbing death of his wife is in custody and facing a second-degree murder charge. The Honolulu Police Department said Saturday that Bryant Tejeda-Castillo was being held on $1 million bail. Police say he was captured shortly after the Wednesday killing of 27-year-old Dana …
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19 July
Netflix loses nearly a million subscribers, but profits rise
Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions. The April-June contraction of 970,000 accounts, announced Tuesday as part of Netflix’s second-quarter earnings …
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12 July
Peloton will no longer be manufacturing its own bikes
Peloton Interactive will no longer be manufacturing its own bikes. Instead, the company is expanding its current relationship with Taiwanese manufacturer Rexon Industrial Corp. Peloton Interactive wants to simplify its supply chain and focus on technology and content, the company said in a press release. Peloton Interactive bought Taiwan-based fitness manufacturer, …
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12 July
Steve Dettelbach becomes first confirmed ATF director since 2015
The U.S. Senate on Tuesday confirmed Steve Dettelbach, a former federal prosecutor, to run the federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), making him the agency’s first confirmed director since 2015. Dettelbach takes the reins of the agency as the Biden administration and the Justice Department are fighting …
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2 July
Bond for Kaitlin Armstrong, accused of killing pro cyclist Anna Moriah Wilson, set at $3.5 million
A woman who was arrested in Costa Rica on Thursday after being accused of murdering a pro cyclist will be held on a $3.5 million bond. Kaitlin Armstrong must also surrender her passport prior to release, and will be GPS monitored, according to court records from Travis County. Armstrong was …
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1 July
American Airlines offers to boost pilot pay 17% by the end of 2024
American Airlines is offering pilots raises of nearly 17% by the end of 2024, a sign that the airline is trying to ameliorate the staffing shortages that have plagued the industry. CEO Robert Isom said Thursday that the proposal would boost pilot wages at American to the levels detailed in …
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