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Tuesday 09.19.17

“You try to do the best with what you've got and ignore everything else. That's why horses get blinders in horse racing: You look at the horse next to you, and you lose a step."
- Jimmy Iovine




 

Hurricane Maria Does ‘Mind Boggling’ Damage to Dominica  Hurricane Maria barreled through the Caribbean, a region battered by Irma less than two weeks ago, and struck Dominica, where the prime minister had to be rescued. Maria was downgraded to Category 4 this morning, but the National Hurricane Center warns that it could strengthen as it approaches the Virgin Islands and Puerto Rico. - New York Times

How the opioid crisis is blowing a hole in small-town America's finances  As deaths mount in America’s opioid crisis, communities on the front lines face a hidden toll: the financial cost. The drug addiction epidemic is shattering not just lives but also stressing the county budget. - Reuters

Wal-Mart to allow shoppers on food stamps to order groceries online at some locations  At limited locations, Wal-Mart will allow shoppers using EBT to order items through Wal-Mart's online grocery pickup platform, then pay in-person when they pick up their groceries. - CNBC

Norway's sovereign wealth fund celebrates "stunning" $1 trillion value  The value of Norway’s sovereign wealth fund officially hit $1 trillion early on Tuesday after outperforming all initial expectations. - Reuters

Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed  Equifax Inc. learned about a major breach of its computer systems in March -- almost five months before the date it has publicly disclosed, according to three people familiar with the situation. - Bloomberg

The person named most dangerous online might surprise you  Cybersecurity firm McAfee says one-time pop-punk princess Avril Lavigne is the most likely celebrity to land users on websites that carry viruses or malware. Searches for Lavigne have a 14.5 percent chance of landing on a web page with the potential for online threats, a number that increases to 22 percent if users type her name and search for free MP3s. - Associated Press

Toys ‘R’ Us Seeks Bankruptcy, Crushed by Debt and Online Rivals  The once-dominant specialty toy retailer, Toys “R” Us Inc., filed for bankruptcy thanks to a crushing debt load from a previous buyout and relentless competition from warehouse and online retailers. - Bloomberg

Booze delivery businesses now bracing for the Whole Foods factor  Amazon is quietly expanding the cities included in the alcohol delivery service through Prime Now, one of its subscriber services that mainly delivers groceries. - CNBC
 

  Rolling Stone, Once a Counterculture Bible, Will Be Put Up For Sale

"Rolling Stone defined cool, cultivated literary icons and produced star-making covers that were such coveted real estate they inspired a song.

But the headwinds buffeting the publishing industry, and some costly strategic missteps, have steadily taken a financial toll on Rolling Stone..."

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