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INDIANAPOLIS, Ind. – Simon Property Group, one of the largest shopping mall operators in the United States, is temporarily closing all of its domestic properties due to the coronavirus. The Indianapolis-based company 229
JUST IN: Nike’s statement on alleged extortion scheme. pic.twitter.com/GmZkNLiFWw— Darren Rovell (@darrenrovell) March 25, 2019 139
Julian Rai spends a lot of time in his car.“Currently, I’m a Lyft driver and I deliver for Grubhub, Postmates, and Doordash and Instacart,” Rai said.With the increasing demand for people to deliver your packages, good, and other items, it’s an industry constantly available with job opportunities, especially with the rise of delivery apps.“I can control my own time,” Rai said. “I can choose not to work if I don’t want to work that day.”“It’s becoming more and more lucrative,” HG Parsa, an economics professor at the University of Denver, said. “In the morning they do Uber. In the afternoon they go to groceries. In the evening they pick up children from school and hospital, then they go home.” He said the flexibility in this type of work can be attractive. But a job like this has its risks.“They do have contact with a lot of people,” Christina Huber, an economist at the Metropolitan State University of Denver, said. “They are really vulnerable. With the rise of coronavirus, it’ll be interesting to see how those industries evolve.”The growing number of COVID-19 cases has woken up the delivery industry to the potential threat.Postmates recently announced a “no contact” option, allowing app users to choose to have their food dropped off somewhere instead of meeting face to face. Rai said this is already happening.“Literally I’ve gotten one. I took a screenshot of this, that said ‘I have the flu, leave it outside the door’,” Rai said.“I think there’s a lot of fear about how the COVID-19 virus is gonna impact a lot of different industries,” Tsinni Russel, an owner and operator at Confluence Courier Collective, a local bike messenger company, said. “There's been a lot of talk about if it’s gonna increase delivery or decrease delivery kind of based on if people want to go out more.”He said one of the cons of working in the industry is the lack of benefits.“We also have independent contractors working for us, which is kind of the same as Postmates and Grubhub and all those other industries, and that’s just because due to the nature of the business. It’s very expensive to have employees,” Russell said.“You don’t have benefits, you don’t have healthcare, you don’t have paid time off, you don’t get sick leave,” Huber explained.Delivery workers are also exposed to the elements more frequently.“When it’s snowing outside or raining outside and people don’t want to leave their house, that’s probably when we get the busiest and make the most of our money,” Russell said.“Bad weather usually means good business for us,” Rai added.As the industry continues to grow, Huber said she sees the increasing demand from the consumer side for fast, convenient delivery.“I think we kind of reached this tipping point,” she said. “It was the smartphone's availability for the consumer and the ability for the producers to develop these apps that are so convenient for people, combined with these other large companies that got us used to the free shipping and home delivery.”Workers hope the industry -- and general understanding from customers -- will grow with it.“It’s important to remember that the people who are delivering your food,” Russell explained. “They’re just regular working class people who are just trying to make a living, so just treating everybody with respect is an important thing to do.” 3336
It's not only about avocados and auto parts. Imports from Mexico can be found in almost every part of the US economy.In the first three months of the year, Mexico has moved past Canada and China to become the United States' largest trading partner, in terms of the value of goods moving back and forth over the border, with about billion a month in imports and exports so far this year.The tariffs President Donald Trump has threatened against Mexico would be broad, covering basically everything coming north across the border. They aren't targeted, the way tariffs are typically levied. The impact on business, consumers and the economy could be similarly widespread."This is going to be felt by every sector and it's going to be felt by consumers. Not just by businesses. Not just the auto industry. It's going to be felt more widely and deeply than previous tariffs were felt," said Neil Bradley, chief policy officer for the US Chamber of Commerce.Economists, stunned by the Trump administration's recent action against Mexico, were not prepared to make predictions about how much prices will increase for Americans, because they never considered such an action would take place. Blindsided businesses haven't had time to determine how to replace existing supply chains with other sources, adding stress to American companies.But some industries could be particularly hard-hit by tariffs on Mexican goods.AutosThe United States imported billion of auto parts from Mexico last year and an additional billion in completed cars. Deutsche Bank estimates that if the tariffs reach 25%, it will add an average of ,300 to the price of US cars.Demand for American-made cars could plunge 18% if the tariffs are enacted, according to that estimate. That would be the biggest drop in car sales since the auto industry teetered on ruin ten years ago during the Great Recession.ElectronicsA fifth of computer and electronic equipment imports come from Mexico, according to Goldman Sachs. That's about billion a year in electronics. Mexican televisions, monitor displays and equipment came to more than billion, or more than 35% of those imports.The United States is also set to raise tariffs on imports from China, which is another huge source of electronics. Businesses in that sector probably won't be able to escape increased costs.OilAmerica's oil industry is booming, but Mexico has become an more important source of oil for the United States, because of the cutback in production by Saudi Arabia and other OPEC nations, as well as the virtual halt of oil coming in from Venezuela.Mexico sent about billion worth of oil a month north across the border so far this year. That accounted for about 10% of all US oil imports so far this year -- nearly as much as Saudi Arabia exported to the United States. Gas prices have been stubbornly high this year because of the OPEC and Venezuelan cutbacks, and tariffs on such a significant source of oil could boost prices even further.Wires, cables and conductorsThe United States imports billion worth of Mexican wires, cables and conductors: about 50% of America's imports in the market. Although it's not the type of product that many consumers think about, American manufacturers use the components to make all types of goods.The the low-cost supply from Mexico makes the American goods they go into competitive.Food productsEating healthy is going to get more expensive with a 25% tariff on the billion worth of vegetables imported from Mexico. About 35% of all vegetable imports to the United States come from Mexico.Add in beverages, meats and cereal and Mexican food imports top billion, or about 26% of all imported food to the Untied States, according to Goldman Sachs' figures.A 25% tariff on avocados would raises costs in the United States by 5 million each year, said Johan Gott, principal at consulting firm AT Kearney. Tomatoes would cost 0 million more. Cucumbers prices would rise by 6 million, and asparagus would cost Americans 7 million each year.If the tariff remains at 25%, the cost to the beer industry will be 4 million per year, according to the Beer Institute, a trade association for the brewing industry.Air conditioners, refrigerators, furnaces and ovensMexico exported .4 billion worth of appliances to the United States last year, which amounted to 44% of American imports in that sector, according to Goldman Sachs.Dishwashers, laundry machines and other household appliances added another .1 billion worth of imports from Mexico.A potentially bigger threatThe tariffs won't apply to the goods that American farmers and manufacturers send to Mexico. But Mexico could quickly levy their own tariffs on US goods."What we've seen in the last year, when one country raises tariffs, retaliation is not far behind," said John Murphy, senior vice president, international affairs, for the US Chamber of Commerce, one of the groups opposing the tariffs."Tariffs are sand in the gears of the economy," he said. "They reduce our competitiveness." 5076
INDIANAPOLIS — The shiny red and white truck was supposed to be shipped to Anderson, Indiana, last month.Shawn Abernathy and his fiance Tiffany found the truck listed on Facebook Marketplace by a page called AMS Car Sales."It was a 1997 Ford F250 it looked brand new. I mean they sent us a video of it it ran beautiful," Abernathy said.After several emails with the owner, who claimed to be a widow, they paid ,200."They asked us to get six eBay cards at 0 a piece to do the down payment. The agreement was we would get the down payment paid and the vehicle would be delivered," Abernathy said.Abernathy was then asked to pay even more money."When we declined they said hold on we will put you over to the financial department and the phone went dead," Abernathy said. "I was pretty upset. I buckled. It tore me up. It destroyed our Christmas. We're still trying to recover from it. Twelve-hundred dollars is a pretty good loss."The manager of AMS Cars on the west side of Indianapolis at 10th Street and Raceway Road said his business has received thousands of phone calls from customers asking about vehicles they found on fake Facebook posts. Their message is if the car is not on their official website, it is not available."A lot of angry customers," AMS Cars manager Sam Sodhi said. "A majority of our time, about 5-7 people that work here go in every day to explain to people whether they are on on the phone email, text message, walk in, 'Hey, kindly report it. Please help us.'"Sodhi said AMS Cars received more than 8,000 phone calls in December about cars they don't have in stock. They posted a scam warning online and recorded a message that plays when customers call their office.Sodhi said he wants customers to do their research, Google the cars VIN number, know the difference between the two Facebook pages and always check their website to verify the vehicle.Scripps station WRTV in Indianapolis is waiting on a response from Facebook to see if anything can be done about the AMS Car Sales page. Sodhi said fake pages have been deleted over the past month, but new ones reappear.The FBI said scams like this are increasing and it is up to the victim to report a scam, which Abernathy has done."I hope it goes away, I hope it never comes back to us or anyone else," Sodhi said. 2312