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Do you hold onto old, nostalgic items, hoping that one day they'll be worth something? Maybe it’s a collection of Beanie Babies, Disney movies on VHS, your Game Boy, or that 1980's Easy Bake Oven.Here are some tips that may help you decide if those items are just worth donating or what you could sell to make some extra cash.Ebay expert Glen Zubia says it’s likely more than half of the stuff saved should be thrown out or donated, but there is a silver lining—some of it could be valuable."Game Boy, original Nintendo, as long as it's in working condition,” says Zubia. “You can get 5 to 0 bucks for it." 627
Eating more chocolate as the pandemic stretches on? You’re not alone. Sales data during the coronavirus pandemic has shown people are buying more snacks and sweet treats. The trend is continuing and appears to be skewing toward chocolate.Americans are favoring chocolate over other kinds of candy according to data from the National Confectioners Association. Looking at sales from mid-March through early August, all candy sales are up 3.8 percent during this time period. Chocolate sales are up 5.5 percent, and premium chocolate sales are up 12.5 percent.“Consumers appreciate and value chocolate and candy during these uncertain times because of their uncanny ability to boost moods and lighten perspectives, according to new data from NCA,” the organization said in their press release.The trade organization representing the candy industry found that sales of sweet treats at grocery stores have grown by double-digits. Sales of candy in grocery stores have increased 16.6 percent during the pandemic, chocolate sales alone have increased 17.9 percent. Premium chocolate sales at grocery stores have increased 21.4 percent. 1137
During the holidays, you can get some amazing deals on food.One of the most frugal families in America, known as the "Money Smart Family" online, says to make sure you stock up on all the right types of food if you want to save money.Steve and Annette Economides say Thanksgiving is one of the most economical holidays out there because of the sales. They say the price of a turkey will drop at least 50 perfect from the normal retail price. So, if you have a bog freezer at home, you should consider buying one to cook after the holidays. The couple even says Thanksgiving is the cheapest time to buy ham.However, there are other food prices to be cautious of buying."They aren't going to drop their beef prices, pork prices, fish prices," the couple says. "They are going to be normal or higher, because they are not using them as an incentive to lure you in.”The Economides say it also does no good to stock up on items that will go bad. "You have to know what your burn rate is, and then you have to stock up according to what the burn rate is for your household. The burn rate means how quickly you go through things.”For extra savings, make sure you download the app if your grocery stores offers one. Also, load up on the digital coupons and try the app called Ibotta to get cash back. If you really want to save big, let others help you this holiday season.“We're hosting Thanksgiving dinner for about 25 people, and the cost to us is going to be the turkey and some potatoes and setting the house up," the Economides say.Remember to not buy anything until you’ve checked your own pantry to make sure you don't already have the goods. 1729
Doors bursting open at stores. Crowds spilling into the aisles. Elbows brushing up against others. Products flying off shelves. These are the hallmark images of Black Friday.Well, they were.That was before the COVID-19 pandemic gripped the nation. Now, the future of the biggest shopping discount day of the year is unknown.Yes, it will still happenFor many, shopping on the day after Thanksgiving is a tradition. Historically, it’s also one of the best days of the year to save money on big-ticket items like electronics and appliances.But with social distancing the norm, it’s hard to imagine shoppers camping out on the sidewalk next to one another this year ahead of Nov. 27. It’s even more difficult to picture stores overflowing with excited shoppers.Retail experts believe Black Friday will still happen in 2020, despite the pandemic. But there’s no disputing the fact that it won’t be a traditional experience.“Being there at the crack of dawn, waiting in lines, the hustle and bustle in the store — that’s probably not going to exist,” says Jane Boyd Thomas, a professor of marketing at Winthrop University in South Carolina who has done research about Black Friday.Sales will shift further onlineFor years, Black Friday has shifted to online channels, merging with Cyber Monday into a weekend-long event. The pandemic is set to further cement that transition.After months of shelter-in-place orders, consumers have become more comfortable shopping from home. That will likely lead to an increase in online Black Friday purchases this year, says Dora Bock, associate professor of marketing at the Harbert College of Business at Auburn University in Alabama.But the changes could go a step beyond that. COVID-19 has illuminated failings in the supply chain, and Thomas believes many consumers will opt for contactless curbside pickup options (as opposed to shipping to their home) to guarantee that the items they’re buying online are actually available — and not out of stock.Still, that doesn’t necessarily mean stores will be ghost towns.“They want something normal,” Thomas says of some shoppers. “I do think that will drive people to go in to see the lights, to see the trees — all the stuff that goes with that experience.”Doorbusters could be deepEven though the experience will look different, Black Friday discounts might be particularly relevant this year, especially as millions of Americans have faced unemployment and other financial hardships in 2020.While consumers have largely focused on purchasing essential items during the pandemic, Bock anticipates competitive prices on discretionary products like apparel and jewelry.Consumers might also have an appetite for traditional Black Friday categories, such as computers. Thomas expects these discounts will be appealing, considering how critical laptops have become as Americans work, learn and interact virtually from home.“There’s a large number of consumers that look forward to Black Friday because it provides them a sense of excitement,” Bock says. “People feel good when they get a good deal.”Retailers still have some planning to doThere are a number of unanswered questions about how Black Friday will look. After all, retailers are still figuring out how to market the holiday shopping season.One possibility? Black Friday may become an extended period, rather than a single day of sales, says Michael Brown, a partner in the consumer practice of Kearney, a global strategy and management consultant.“I’m expecting that Black Friday as we have grown to know it cannot exist in a COVID world,” Brown says.“I think we have to really not think about Black Friday and think more about when the launch of the holiday season will begin. I think that has to be pulled up by retailers as early as November 1,” he says.Throughout the holiday season, stores will have to perform a delicate dance. Shopping may become just as much about public health as it is about discounts.Retailers have merchandise to sell, but promoting in-store only specials could be seen as insensitive by shoppers with preexisting medical conditions, Bock points out.“I think it’s really going to be a balancing act for retailers to encourage sales, encourage people to buy, encourage trust and promote spending — but promote it in a way that shows they care for their customers’ well-being,” Bock says.There’s one more wild card, Brown says. What type of Black Friday shopping environment will state and local governments allow? Time will tell.This article was written by NerdWallet and was originally published by The Associated Press.More From NerdWalletSmart Money Podcast: COVID Impulse Spending, and Building Credit While Paying DebtProbate Workarounds Can Save Your Heirs Time and MoneySmart Money Podcast: Taxes Are Due, and How to Get Started Creating WealthCourtney Jespersen is a writer at NerdWallet. Email: courtney@nerdwallet.com. Twitter: @CourtneyNerd. 4926
During a press gaggle at the White House on Monday, President Donald Trump said he's set a deadline of "around" Sept. 15 for TikTok's parent company to sell the rights to its U.S. business, and suggested that the sale include a payment to the U.S. Treasury.In his comments, Trump suggested that the short-form video app would be "out of business in the United States" if the company isn't sold by the deadline.He also said he suggested that any potential sale of the app should include a payment to the United States."A very substantial portion of that price is going to have to come into the Treasury of the United States because we're making it possible for this deal to happen," Trump said. "Right now, they don't have any rights unless we give it to them. So, if we're going to give them the rights, then it has to come into this county."It's a little bit like the landlord-tenant," Trump added. "Without a lease, the tenant has nothing. So, they pay what's called key money, or they pay something. But the United States should be reimbursed or should be paid a substantial amount of money."TikTok, a wildly popular social media app, is currently owned by ByteDance, a company based in Beijing. Some cybersecurity experts believe the app's terms of service could allow the Chinese government access to millions of Americans' personal data.On Sunday, Microsoft said it was in talks with ByteDance to acquire the U.S. rights to the business.Earlier this year, TikTok users took credit for reserving millions of tickets to a Trump rally in Tulsa, Oklahoma. Despite the millions of ticket requests, the event only drew an estimated 6,000 people, leaving the arena half empty. 1683