George Osborne exhorted young people to “earn or learn” in a budget speech that also cut their entitlement to receiving benefits and student grants, prompting complaints they had been unfairly targeted. The tone of the chancellor’s strict carrot-and-stick approach was established by his planned “youth obligation” for 18 to 21-year-olds on universal credit, which he said would provide them with “an intensive regime of support from day one of their benefit claim”, from April 2017. At the same time, Osborne said housing benefit would no longer be automatically available for 18 to 21-year-olds. “It is not acceptable that in an economy moving towards full employment some young people leave school and straight on to a life on benefits. So for those aged 18 to 21, we are introducing a new youth obligation that says they must earn or learn,” the chancellor told the Commons. The proposed new national living wage – one of the … [Read more...] about Osborne accused of picking on young people with ‘earn or learn’ budget
Higher learning john singleton
John Stankey, COO of AT&T, stumped for HBO Max during a keynote appearance Tuesday morning at the UBS Global TMT Conference, continuing to emphasize differences between it and Disney+. “Disney+ is a good product,” he said. “They’ve done a nice job. It has a particular appeal. The strongest appeal for Disney+ is to the youth of the family. Its strength as a product to satisfy the other members of the family, it’s not that deep. There’s stuff that’s interesting to adults in the offer and there’s stuff that’s probably interesting to your 20-something and 30-something-year-old members of your family. But it’s not all that deep in that regard.” HBO Max, he continued, “is a product that appeals to the entire family and the family wireless plan. It’s something that every member of the family looks at and says, ‘That has something in it for me. … I see myself in that offering.'” … [Read more...] about AT&T’s John Stankey: Disney+ “Not That Deep,” But HBO Max Will Reach Whole Family
The John Lewis Partnership has said it will make no profit in the first six months of this year and is to close five Waitrose stores as tough trading on the high street takes its toll. The group, which operates 50 John Lewis department stores and 350 Waitrose shops, said full-year profits for the year to January 2019 will also be substantially lower than last year. JLP blamed the likely fall on market uncertainty and significant extra costs as it invests in IT and suffers the pinch from Brexit-fuelled inflation, at a time when it has been forced to cut prices because of widespread discounting by ailing competitors. The group said it would be gradually slimming down its high street presence over time, beginning with the sale of four Little Waitrose convenience stores to the Co-op and the chain’s supermarket on Camden High Street, north London, to Aldi, which will affect about 200 staff. The convenience stores changing hands are in Spinningfields and near Piccadilly station in … [Read more...] about Five Waitrose stores to close after John Lewis issues warning on profits
London: A midnight blue velvet gown that Princess Diana wore when she danced with John Travolta at a 1985 White House state dinner failed to sell at auction on Monday, though two of her other dresses went for above their estimated prices. The off-the-shoulder bodiced Victor Edelstein frock, which flares up at the knee, is one of the most recognisable dresses ever worn by Diana, who died in 1997. The dress, offered as part of a "Passion for Fashion" sale by Kerry Taylor Auctions in London, had an estimated price tag of 250,000-300,000 pounds ($320,750 - $385,000). However it failed to reach those figures during live bidding. Before the sale, auctioneer Kerry Taylor told Reuters there had been buyer interest from Britain and the United States. She said the dress had previously been bought in 2013 for 200,000 pounds "by a romantic gentleman who wanted basically to cheer up his wife". "But since then it's spent most of its time locked away in a wardrobe and now as a couple they feel they … [Read more...] about Iconic Dress Diana Wore When She Danced With John Travolta Fails to Sell at Auction
Lt. Gov. Gavin Newsom, the former San Francisco mayor who has spent nearly eight years as understudy to Gov. Jerry Brown, secured a spot Tuesday night in the November general election to succeed the termed-out governor. He will face John Cox, a little-known Republican businessman who moved to California only a few years ago and has lost four previous runs for elective office — including one for president. California’s outnumbered GOP voters coalesced around Cox after President Trump tweeted an endorsement of him late in the campaign. He was running second in Tuesday’s primary, with 26 percent of the vote, behind Newsom’s 34 percent. Newsom’s fellow Democrat Antonio Villaraigosa, a former state Assembly speaker and ex-mayor of Los Angeles, was locked in a battle for third with GOP Assemblyman Travis Allen of Orange County. But only the top two finishers advance to the Nov. 6 general election, and both Villaraigosa and Allen were far behind Cox. Bringing up … [Read more...] about Gavin Newsom, John Cox to face off in fall CA governor’s race
Labour backbencher John McDonnell may be struggling to win the 45 MPs' signatures he needs to challenge Gordon Brown for the leadership, but he is adamant that come Thursday lunchtime he will have them. He will still be given very long odds on winning the top job, but nothing in politics is impossible. He is David against Goliath, but McDonnell, with typical brio, claims he can win. Let's suppose that he does - what happens next? The first thing to say is that politics will be a lot more colourful. Literally. McDonnell was deputy to Ken Livingstone on the defunct Greater London Council for many years. Like Livingstone - and, indeed, many on the left - he disdains the "smart politico" uniform of a dark blue suit with crisp shirt and has a preference for light brown jackets and red jerseys. There was never much doubt that McDonnell would trounce his rival, Michael Meacher, to carry the leftwing standard, for the simple reason that he is a good communicator. He learned at Livingstone's … [Read more...] about What if John McDonnell actually made it to No 10?