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Subscription clubs for clothing, meals and razors have changed the way people shop. Now Nike is wading into the subscription market for the first time.Nike announced Monday that it is debuting Nike Adventure Club, a sneaker subscription for kids ages two through 10. Nike will offer parents three options for their kids: four pairs of sneakers a year for a month, six pairs for a month or 12 pairs for a month. Parents and kids will be able to choose from a selection of around 100 sneakers."This is probably one of the best examples of a major brand taking the attributes of a [direct-to-consumer] digital brand" and linking it to its broader strategy, said Bryan Gildenberg, chief knowledge officer at Kantar Consulting.Nike is targeting time-strapped parents in the suburbs and rural areas who don't live near a shoe store with the program. The company says that dragging young kids to a store every few months to try on sneakers that they will quickly outgrow can frustrate parents. Shopping for kids' shoes online also brings sizing issues and return hassles, the company says."We've discovered a huge pain point for parents around shopping for kids' shoes," Dave Cobban, general manager of Nike Adventure Club, told CNN Business. "This was a great opportunity to experiment with different solutions."Nike started piloting a sneaker club for kids two years ago. It grew to 10,000 members, and Cobban said Nike believes it's ready to unveil the service more broadly.Nike Adventure Club is a key initiative for the company. Forty staffers are working on the concept. The service gives Nike a way to draw parents who are outside of its traditional big-city customer base and build a connection with young kids. Other online styling services and subscription companies such as Stitch Fix, Kidbox and Rockets of Awesome are also fighting to win parents and children in the billion US children's clothing and footwear market.Perhaps more importantly for Nike, its kids' sneaker club allows the company to test out the subscription market and potentially apply it to its adult shoppers.Cobban noted that avid runners need to replace their shoes frequently and he mentioned the possibility of a marathon membership program."We're starting to think about what other athletes have problems that could be very easily solved by a subscription," he said. "This is the beginning of something pretty exciting for Nike." 2437
Robert Glenn "Junior" Johnson, one of NASCAR's earliest star drivers and a legendary figure in the auto racing garage, has died at age 88, according to a tweet from NASCAR.Johnson won 50 races at a driver, including the 1960 Daytona 500, and six top-level championships as an owner."From his early days running moonshine through the end of his life, Junior wholly embodied the NASCAR spirit," NASCAR Chairman Jim France said. "... Between his on-track accomplishments and his introduction of Winston to the sport, few have contributed to the success of NASCAR as Junior has."Johnson was the subject of a famous 1965 article in Esquire titled "The Last American Hero," written by Tom Wolfe. 701
Sen. Bernie Sanders offered up a plan on Monday to completely eliminate the student loan debt of every American, staking out uncharted territory in the Democratic presidential primary.The new legislation would cancel .6 trillion of student loan undergraduate and graduate debt for approximately 45 million people. His ambitious plan has no eligibility limitations and would be paid for with a new tax on Wall Street speculation.The proposal goes further than the plan previously unveiled by his Democratic primary rival Sen. Elizabeth Warren. Her debt relief package was subject to income eligibility levels to determine how much relief the average person would receive -- parameters that Warren said were aimed at closing the racial wealth gap. Under the Sanders plan, if you have student debt of any kind it would be canceled the second the legislation is signed into law."This proposal completely eliminates student debt in this country and ends the absurdity of sentencing an entire generation, the millennial generation, to a lifetime of debt for the crime of doing the right thing -- and that is going out and getting a higher education," Sanders, flanked by activists and supporters, said at a news conference in Washington on Monday.Sanders introduced the legislation with Minnesota Rep. Ilhan Omar and Washington Rep. Pramila Jayapal, co-chair of the Congressional Progressive Caucus. New York Rep. Alexandria Ocasio-Cortez, who will co-sponsor a pair of House bills that serve as companion legislation to Sanders' Senate plan, was also by his side for the announcement."The bottom line is we shouldn't be punishing people for getting to higher education," Sanders said. "It is time to hit the reset button. Under the proposal that we introduced today, all student debt would be canceled in six months."This rollout comes at a time when second place in Democratic primary polling, behind former Vice President Joe Biden, seems up for grabs -- with Warren rising in recent voter surveys. With this latest, detailed pitch, Sanders is aiming to solidify his credentials as the most progressive candidate in a field that has largely embraced the priorities he brought to a national audience in 2016. The proposal is sure to invite new criticism from Democratic moderates, who have sought to cast themselves as pragmatic alternatives to Sanders' efforts to fundamentally remake the country's economic system.On the stump and in interviews, Sanders has long spoken about finding ways to relieve the burden of student debt, but this this is his most specific plan to date. He teased the announcement during an event in South Carolina on Saturday night."We are going to forgive student debt in this country," Sanders said last weekend. "We have for the first time in the modern history of this country a younger generation that if we don't change it, and we intend to change it, will have a lower standard of living than their parents, more in debt, lower wages than their parents, unable to buy the house that they desire."The plan is part of a more comprehensive "college for all" program that Sanders has already released in pieces and includes free tuition at all four-year public colleges and universities, as well as community colleges. The broader proposal also includes subsidies to reduce the cost of tuition and fees for low income students at private colleges that historically serve underrepresented communities."We will make a full and complete education a human right in America, to which all of our people are entitled," Sanders said on Monday. "This means making public colleges, universities and HBCUs tuition-free and debt-free by tripling the work study program, expanding Pell grants and other financial incentives."Sanders also talked about his detailed roadmap -- centered on new taxes on Wall Street -- to raise the .2 trillion dollars necessary to pay for this program and his other college funding plans. It will include a 0.5% tax on stock trades (or 50 cents for every 0 worth of stock), a 0.1% fee on bonds, and a 0.005% fee on derivatives. Sanders believes that could raise more than .4 trillion dollars over the next ten years.The centrist group Third Way -- a vocal Sanders critic that he recently described as a mouthpiece for "the corporate wing of the Democratic party" -- slammed the proposal before Sanders formally introduced it, calling it "bad policy and bad politics.""It's a regressive giveaway that primarily benefits upper middle class people who attended elite four year colleges," Lanae Erickson, Third Way's senior vice president for social policy and politics, said in a statement. "And there's nothing about that which will help Democrats appeal to the bulk of black, white, and Latinx voters who don't have a degree."Sanders has already introduced the Wall Street speculation tax, which he calls the Inclusive Prosperity Act. At an event on Sunday in South Carolina he delivered the political argument for using it to help millions of Americans struggling with student debt."Congress voted to bail out the crooks on Wall Street, do you remember that?" he asked the crowd to a chorus of boos. "They provided seven hundred billion in federal loans and in addition trillions of dollars in zero or very low interest loans. So I think the time is now for Wall Street to repay that obligation to the American people. If we could bail out Wall Street, we sure as hell can reduce student debt in this country." 5473
Sophie Trudeau, wife of Canadian Prime Minister Justin Trudeau, has tested positive with coronavirus, the CBC reported on Thursday. Sophie Trudeau became ill when she returned from a trip from the UK. "Sophie recently returned from a speaking event in the UK, and last night she was experiencing mild flu-like symptoms. She‘s feeling better, but following the advice of our doctor she is self-isolating as we wait on COVID-19 test results," Prime Minister Trudeau said in a tweet earlier on Thursday. The prime minister will undergo a self-quarantine for 14 days. Justin Trudeau says he does not have any symptoms. Despite the quarantine, Trudeau had conversations with several world leaders, including US President Donald Trump. "The Prime Minister and the President welcomed the close coordination between Canada and the United States in managing this challenge, including as it relates to the Canada-U.S. border, and looked forward to staying in touch," Trudeau's office said. 992
Since the Boeing 737 MAX has been grounded worldwide over safety concerns, the Southwest Airlines Pilots Association claims that its pilots have lost more than 0 million in compensation. The association claims that the grounding of the 737 MAX has caused Southwest Airlines to reduce passenger service by 8 percent. In response, the union representing Southwest Airlines' pilots is suing Boeing for misleading pilots about the aircraft. The union claims misrepresented the airworthiness of the aircraft. The union also claims that two deadly crashes involving the 737 MAX have "damaged the critical bond between pilots and passengers." "As pilots, there is nothing more important to us than the safety of our passengers," said Captain Jonathan L. Weaks, President of SWAPA. "We have to be able to trust Boeing to truthfully disclose the information we need to safely operate our aircraft. In the case of the 737 MAX, that absolutely did not happen."On March 13, 2019, the U.S. Department of Transportation ordered a review of the aircraft, which essentially forced airlines to ground the craft. This followed a pair of crashes over five months that killed 346 people. Initial findings show that the plane had a flaw in the Maneuvering Characteristics Augmentation System, which caused the plane to nosedive. Because of this and other safety concerns, the fleet of crafts have been grounded since March, and it could still be a number of months before the planes are deemed safe for flight. The are roughly 300 planes currently grounded."Boeing has the greatest respect for the men and women who fly for Southwest Airlines," Boeing said in a statement. "We are aware that their pilot union, SWAPA, has filed a lawsuit against Boeing related to the 737 MAX suspension of operations. We believe this lawsuit is meritless and will vigorously defend against it. We will continue to work with Southwest Airlines and its pilots on efforts to safely return the MAX to service."Although pilots are claiming a financial loss due to the grounding of the 737 MAX, the union for Southwest Airlines pilots want Boeing to take the time it needs to conduct a full investigation."It is critical that Boeing takes whatever time is necessary to safely return the MAX to service," Weaks said. "Our pilots should not be expected to take a significant and ever-expanding financial loss as a result of Boeing's negligence. We look forward to a solution that helps Boeing restore the confidence of both the flying public and the pilots who operate its aircraft."The Southwest Airlines Pilots Association has 9,700 members. 2613