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Steve Wynn is now free to sell his stake in the massive casino business he founded.Wynn Resorts said in a filing on Thursday that Wynn, its former chief executive, and his ex-wife Elaine Wynn, have dissolved an agreement that prevented them from selling their shares.Wynn stepped down as CEO last month after allegations of sexual misconduct piled pressure on the billionaire casino mogul and sent the company's stock tumbling.The company, which operates casinos in Las Vegas and Macau, said in its filing that Steve Wynn may now "seek to sell all or a portion" of the roughly 12 million shares that he owns. Elaine Wynn owns another 10 million shares, giving them a combined 21% stake.Wynn, 76, has denied the accusations of misconduct, which gained widespread attention in late January after an investigative report by The Wall Street Journal detailed numerous allegations against him, citing dozens of sources.Shares in the company were trading above 0 in January, but dropped sharply after the allegations were made public. They have since recovered some lost ground to trade at 6.Wynn Resorts said in a separate filing in February that Wynn would not be allowed to sell more than a third of his stake in any one quarter. That restriction was not mentioned in the documents filed Thursday.Wynn is credited with transforming Las Vegas casinos from gambling dens into entertainment hubs where guests could also watch spectacular shows and eat in high-end restaurants.The Mirage, Wynn's first major casino on the Vegas Strip, opened in 1989. He then opened Treasure Island in 1993, and the Bellagio in 1998.In 2006, he opened his first casino in Macau, where gambling revenues now dwarf those of Las Vegas. An even bigger one, Wynn Palace, followed 10 years later.The-CNN-Wire 1791
The 2020 holiday shopping season will be different from all other years due to the coronavirus pandemic.Target on Thursday became the latest major retailer to outline how it will attempt to keep is employees safe during the busy holiday shopping season.For one, Target expects to match 2019 hiring levels despite a downtrodden economy. The company said that it will double its staff dedicated to contactless shopping options, like its “Drive Up” service.Target said that seasonal employees will be given free access to virtual doctor visits through the end of the year, backup daycare, mental health services, and PPE. Seasonal employees, in addition to current staff, will also be paid for up to 14 days if required to quarantine or have a confirmed coronavirus-related illness."The success of our business strategy rests on the strength of our team and their ability to adjust quickly to the needs of our guests and their changing shopping patterns," said Melissa Kremer, Target's Chief Human Resources Officer. "Throughout the year, the team has successfully balanced strong demand in our stores with surging digital volume. Knowing that the holiday season will be unlike any other, we're building in even more flexibility to make sure Target remains a safe and convenient place to work and shop, while investing in our team's industry-leading pay and benefits." 1373
The Army-Navy football game in December has been moved from Philadelphia to West Point because of attendance limits placed on outdoor events in Pennsylvania. By playing the game on Army's home field in New York, the entire Brigade of Midshipmen and Corps of Cadets will be able to attend. 296
TENINO, Wash. – George Washington’s face may be on U.S. currency, but never on money quite like this.“We've created our own,” said Wayne Fournier, mayor of Tenino, Washington.It’s a town of about 2,000 people, halfway between Seattle and Portland. Using a printing press from the 19th century, Tenino is now printing its own form of currency, made of thin pieces of wood.“We're growing money on trees here,” Mayor Fournier said. “Literally.”It’s called “complimentary currency” or “scrip.” Here’s how it works: using ,000 from the general fund, the city is backing the wooden notes, 400 of them in all, and giving them to town residents in need.“We issue it out to people that have been affected by the pandemic and qualify financially,” Mayor Fournier said. “They can receive up to 0 a month.”In turn, people can spend the wooden money, but only in town, at businesses that signed up to participate in the program. Those businesses can then redeem the wooden money back at City Hall for real U.S. dollars.“I thought it was a really good idea,” said Juan Martinez, of Don Juan’s Mexican Kitchen in Tenino.The restaurant has been around for eight years, but the pandemic affected its bottom line and that of people in town, too. So far, though, the wooden money is getting around.“I've had quite a few people come in and, you know, they hadn't gone out to dinner in a while because they were laid off of work,” Martinez said, “and when they got it, had a few people come in and enjoy lunch with their families and were able to pay with the wooden money.”It’s a currency circulation that the mayor wants to keep going.“The whole idea is just to keep money bouncing around the community,” he said.The town has done this before, back in the 1930s, during the Great Depression.“It was a big hit and it saved the city at the time,” Mayor Fournier said.It’s an old lifeline they hope will keep working again in a new era.City leaders say they have been fielding calls from as far away as Spain, New Zealand and Japan from people interested in their wooden money. They say, so far, the U.S. Treasury Department has not contacted them about their wooden money program. 2177
TAMPA, Fla. — Air conditioning units may be contributing to the spread of COVID-19, especially in the southern part of the United States, according to a Harvard epidemiologist.Dr. Edward Nardell is a professor in the Departments of Environmental Health and Immunology and Infectious Diseases at the Harvard T.H. Chan School of Public Health. He's done in-depth research on how air conditioning units contribute to the spread of airborne infections.Nardell said air conditioning can help airborne viruses spread in three ways.First, people go inside to cool down, when you are much safer outdoors, Nardell said. Now, we're seeing more people indoors because of the high heat and humidity, specifically in the southern states like Florida.The second problem is that air conditioning brings in very little outside air, according to Nardell. While this isn't a major problem inside your own home, it can be especially problematic in corporate settings."It just isn't economically possible to bring in outside air, recirculate it and dehumidify it," he said.Lastly, he said when people are indoors, you're often not spaced out safely as you would be outdoors."You are not socially distanced as much, but you're re-breathing the same air that someone else just exhaled," Nardell said. "We call it rebreathed air fraction, and if someone is infectious, often asymptomatic, you're going to be rebreathing their small particles."Nardell also said air conditioning units can generate air currents that can carry large particles even further, similar to what researchers found contributed to the spread of the novel coronavirus disease in an air-conditioned restaurant in Guangzhou, China, involving three family clusters.On the Department of Homeland Security's website, this tool can be used to estimate how long the virus would be expected to remain stable while airborne.Now, the Centers for Disease Control and Prevention is recommending restaurants increasing the distance between tables and improving ventilation.The use of germicidal lamps, a technology that Nardell said is almost 100 years old, has been proven effective in protecting against tuberculosis infection and is already in use in some settings to fight COVID-19.The lamps are set up to shine horizontally, high in the room where sterilization is needed. Air currents, stirred in part by warmth from human bodies, circulate up to the ceiling, where the ultraviolet light kills floating pathogens, and then back down again.This technology, Nardell said, is not only proven, but it can also be deployed cheaply and easily in a number of settings as society reopens.This story was originally published by Lauren Rozyla at WFTS. 2691