Maker Faire halts operations and lays off all staff

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale…

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale Dougherty.
For 15 years, MAKE: guided adults and children through step-by-step do-it-yourself crafting and science projects, and it was central to the maker movement. Since 2006, Maker Faire’s 200 owned and licensed events per year in over 40 countries let attendees wander amidst giant, inspiring art and engineering installations.

“Maker Media Inc ceased operations this week and let go of all of its employees — about 22 employees” Dougherty tells TechCrunch. “I started this 15 years ago and it’s always been a struggle as a business to make this work. Print publishing is not a great business for anybody, but it works…barely. Events are hard . . . there was a drop off in corporate sponsorship.” Microsoft and Autodesk failed to sponsor this year’s flagship Bay Area Maker Faire.
But Dougherty is still desperately trying to resuscitate the company in some capacity, if only to keep MAKE:’s online archive running and continue allowing third-party organizers to license the Maker Faire name to throw affiliated events. Rather than bankruptcy, Maker Media is working through an alternative Assignment fo
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GGG Back In Action – Will Rolls Fight like a Mini-Cooper – BoxingInsider.com

GGG Back In Action – Will Rolls Fight like a Mini-Cooper Posted on 06/07/2019By Charles Jay We know it would be too much to ask to get upsets of TWO of boxing’s top attractions within one week. And it would be incredibly bad luck for DAZN to see two of its three boxing stars go…

GGG Back In Action – Will Rolls Fight like a Mini-Cooper

Posted on 06/07/2019By Charles Jay
We know it would be too much to ask to get upsets of TWO of boxing’s top attractions within one week. And it would be incredibly bad luck for DAZN to see two of its three boxing stars go down in back-to-back fashion.
We don’t think they’re going to be rolling snake eyes here, though.

Steve Rolls comes into Madison Square Garden on Saturday night with a 19-0 record that has been accomplished with no fanfare whatsoever. And so there are a fair amount of boxing fans asking “Steve Who?” as this fight approaches.
And look – Gennady Golovkin, who provides the “A” side of this matchup, is being pacified for the time being as he aims toward a third fight with Canelo Alvarez, which is the reason DAZN picked him up in the first place.
So it is understandable that he is getting a tuneup, or a “gimme,” as it were.
But is Rolls enough of a survivor to give us some rounds, and if so, how agonizing are those rounds going to be to watch?
You can see on his Wikipedia page that he has almost a hundred amateur bouts, competed for the Canadian national team, and went to some international events. He works out of a fitness center as a personal trainer. Okay, we will concede that he’ll be in shape.
But this is very thin resume to take into a fight that carries this much exposure. Rolls was fighting eight-rounders as recently as last April, and in the fight that was most significant for him, he beat KeAndre Leatherwood for the USBA middleweight title last time out, in what was a competitive fight, although it wasn’t close on two of the cards.
He’s pretty much a stand-up fighter, with his hands held high. There is nothing particularly out of the ordinary that he does. Sure, he’ll throw a jab out there, but not often enough. He certainly isn’t likely to control any rounds with it.
His power num
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Succinct Summation of Week’s Events 6.7.19

June 7, 2019 4:30pm by Barry Ritholtz Succinct Summations for the week ending June 7th, 2019 Positives: 1. Markets rally nearly 5% on expectations of a July Rate cut; DJIA gained > 1000 points this week. 2. Wages increased by 3.1 percent year-over-year. 3. Unemployment rate remains at 3.6%.  Jobless claims came in 218k for…

June 7, 2019 4:30pm by
Barry Ritholtz

Succinct Summations for the week ending June 7th, 2019
Positives:
1. Markets rally nearly 5% on expectations of a July Rate cut; DJIA gained > 1000 points this week.
2. Wages increased by 3.1 percent year-over-year.
3. Unemployment rate remains at 3.6%.  Jobless claims came in 218k for the week keeping the 4-week average at 215k.
4. Home mortgage refinance apps rose 6.0% w/o/w after previous decrease of
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6 Little Green Flags That You’ve Found A Keeper

There’s no shortage of articles online and in lifestyle magazines about dating red flags: If she’s rude to the waitstaff or your Uber driver, it’s a big red flag. If he spends half the date talking about his “crazy ex,” run for the hills.We’re all well-versed in the warning signs of a bad partner, but…

There’s no shortage of articles online and in lifestyle magazines about dating red flags: If she’s rude to the waitstaff or your Uber driver, it’s a big red flag. If he spends half the date talking about his “crazy ex,” run for the hills.We’re all well-versed in the warning signs of a bad partner, but what are the signs that you’ve found a keeper? We asked marriage therapists across the country to share a few little green flags that you’ve struck luck with your new boo. See what they said below.1. They’re the first person you want to share good — or bad — news withYou just got promoted or called out in a meeting by your boss for a project well done? Your first thought is to call your S.O. You just heard that your team might be impacted by upcoming layoffs? You call them about that too. Whether it’s good or bad news, your partner is always a reliable sounding board, said Ryan Howes, a psychologist in Pasadena, California.“When you’ve found a person you consider your lifelong mate, you want to share all the best and worst news with them because you know they’ll celebrate with you or provide the support to get through the rough times,” he said. “If they’re your first go-to with this news, it means you feel safe to share the most intimate parts of yourself with them.”2. You’re the real, authentic ‘you’ around themChris Rock once said of dating, “When you meet somebody for the first time, you’re not meeting them, you’re meeting their representative.” When you’re with someone you gel with, you drop the facade and act pretty much exactly as you do when you’re alone: You’re comfortable at home with them, scarfing down a burrito from the taqueria down the street with reckless abandon. You snort when you laugh. You go long with your rant after a rough day at work, knowing there will be zero judgement. You’re the real you, not “date representative” you.“You don’t have to try too hard to impress them because you know they adore you no matter what,” said Shannon Chavez, a psychologist and sex therapist in Los Angeles. “You can be hanging out in your pajamas all day and they remind you how beautiful you are and how much they love spending time with you. They notice the small things that are truly who you are an
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May Employment Report: 75,000 Jobs Added, 3.6% Unemployment Rate

From the BLS: Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and in health care. … The change in total nonfarm payroll employment for March was revised down…

From the BLS:
Total nonfarm payroll employment edged up in May (+75,000), and the
unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor
Statistics reported today. Employment continued to trend up in
professional and business services and in health care.

The change in total nonfarm payroll employment for March was revised down
from +189,000 to +153,000, and the change for April was revised down from
+263,000 to +224,000. With these revisions, employment gains in March and
April combined were 75,000 less than previously reported.

In May, average hourly earnings for all employees on private nonfarm
payrolls increased by 6 cents to $27.83. Over the year, average hourly
earnings have incre
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Economic Preview: U.S. needs a good jobs report and Wall Street forecasts one: 185,000 new jobs, 3.6% unemployment rate

Many industries such as construction say they can’t find enough skilled workers. Will that cause hiring in May to slow sharply? The labor market has been a bedrock for the economy during destabilizing trade fights with China and other countries, but it needs to stay strong to help the U.S. stave off the first recession…

Many industries such as construction say they can’t find enough skilled workers. Will that cause hiring in May to slow sharply? The labor market has been a bedrock for the economy during destabilizing trade fights with China and other countries, but it needs to stay strong to help the U.S. stave off the first recession in a decade. Here’s what to watch in the employment report for May. The prediction The economy likely added 185,000 new jobs in May, keeping the U.S. unemployment rate at nearly 50-year low of 3.6%, according to economists polled by MarketWatch. The government will release the report at 8:30 a.m. Eastern on Friday morning.

Conflicting signals The smallest increase in new jobs in nine years in a separate report compiled by check processor ADP has raised questions about whether there’s a hiring freeze underway. ADP said only 27,000 people were hired in the private sector in May. Yet ADP is not
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Economic Report: Jobless claims flat at 218,000 in early June, labor market still going strong

The strongest labor market in decades has pushed the unemployment rate and pace of layoffs down to extremely low levels. The numbers: The number of people who applied for unemployments benefits in early June was flat, leaving new jobless claims near a post recession low and suggesting little deterioration in the strongest labor market in…

The strongest labor market in decades has pushed the unemployment rate and pace of layoffs down to extremely low levels. The numbers: The number of people who applied for unemployments benefits in early June was flat, leaving new jobless claims near a post recession low and suggesting little deterioration in the strongest labor market in decades. Initial jobless claims, a rough way to measure layoffs, was flat at 218,000, the government said Thursday. The prior week’s tally was revised up to 218,000 from 215,000, however.

Economists polled by MarketWatch estimated new claims would total a seasonally adjusted 215,000 in the seven days ended June 1. The more stable monthly average of new claims fell by 2,500 to 215,000 and touched the lowest level since late April. The four-week average gives a more accurate read into labor-market conditions than the more volatile weekly number. Read: Weak unions, globalization not to blame for shrinking slice of income pie for workers What happened: The rate of layoffs has clung near a half-century low even though the U.S. economy has softened. Companies are so worried about finding good workers in an era of low unemployment that they are reluctant
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Fiat Chrysler Withdraws Its Offer for Renault

ImageAn assembly line at the Renault factory in Maubeuge, northern France. A merged Renault-Fiat Chrysler would have become the third-largest car company in the world, behind Volkswagen and Toyota.CreditCreditLudovic Marin/Agence France-Presse — Getty ImagesPARIS — Fiat Chrysler late Wednesday abruptly withdrew its proposal to merge with Renault, walking away from a deal that could have…

ImageAn assembly line at the Renault factory in Maubeuge, northern France. A merged Renault-Fiat Chrysler would have become the third-largest car company in the world, behind Volkswagen and Toyota.CreditCreditLudovic Marin/Agence France-Presse — Getty ImagesPARIS — Fiat Chrysler late Wednesday abruptly withdrew its proposal to merge with Renault, walking away from a deal that could have fundamentally reshaped the global auto industry.In a statement Wednesday evening, Fiat Chrysler said it continued to believe that the merger proposal, worth 33 billion euros ($37 billion), was solid, balanced and beneficial to all parties. But it added, “It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully.”Two people close to the talks said Fiat Chrysler walked away after the French government, Renault’s largest shareholder, requested a delay in a final vote in order to consult with Nissan, Renault’s partner in the world’s biggest auto alliance.Fiat Chrysler saw the effort to postpone the vote as a signal that the deal might ultimately go nowhere, said a person with knowledge of that company’s negotiating position. But the sudden collapse appeared to take the government by surprise.With a total output of 8.7 million vehicles a year, from Ram pickup trucks to tiny Renault Clios, a Fiat-Renault combination would have displaced General Motors as the world’s third-largest car company, behind Volkswagen and Toyota.Fiat Chrysler’s bid underscored the urgency faced by global automakers to share the costs of a momentous industrial transition from internal-combustion engines to electric vehicles and self-driving cars. It would have put pressure on rivals to find partners or be left behind, while new challengers like Tesla and Uber are emerging.Since Fiat Chrysler officially unveiled its proposal on May 26, the plan had faced resistance by some Renault shareholders who argued that the Italian-American conglomerate was undervaluing a crown jewel of French industry. France’s powerful labor union at Renault objected to a deal, warning that it could lead to layoffs.[Read more about why the Fiat-Renault talks fell apart.] The merger talks took a turn after General Electric announced last Thursday that it planned to cut 1,000 jobs in France — a legacy of its 2015 merger with the French energy company Alstom. The move was politically sensitive for President Emmanuel Macron at a time when other foreign companies, including Whirlpool and Ford, are cutting thousands of jobs in France.At that point, the government’s team in the talks, headed by Finance Minister Bruno Le Maire, added new demands, including a pledge to make any
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Beverly Hills first U.S. city to ban tobacco sales

The Beverly Hills City Council on Tuesday unanimously voted to make it the first U.S. city to ban the sale of cigarettes, cigars, e-cigarettes and other tobacco products. The ban applies to gas stations, pharmacies, convenience and grocery stores, but includes exemptions for hotels and three local cigar lounges. It is set to take effect…

The Beverly Hills City Council on Tuesday unanimously voted to make it the first U.S. city to ban the sale of cigarettes, cigars, e-cigarettes and other tobacco products.
The ban applies to gas stations, pharmacies, convenience and grocery stores, but includes exemptions for hotels and three local cigar lounges. It is set to take effect beginning in 2021.”Allowing tobacco products to be sold in the city increases access to these harmful and dangerous products and does not promote the city’s image as a healthy city,” the ordina
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ADP: Private Employment increased 27,000 in May

From ADP: Private sector employment increased by 27,000 jobs from April to May according to the May ADP National Employment Report®. … The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. … “Following an overly strong April, May marked the…

From ADP:
Private sector employment increased by 27,000 jobs from April to May according to the May ADP National Employment Report®. … The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

“Following an overly strong April, May marked the small
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