Friday, January 16, 2015

How To Pack For Davos, Like A Boss

A conundrum: You're going to a conference in the Swiss Alps, bigshot CEOs will be there, so will A-List celebrities. It will be snowy and cold. You want to look fantastic. You don't want to wipe out on the ice.

So what do you bring?

Welcome to the annual puzzle of packing for the World Economic Forum, a power-player conference that draws thousands of the world’s business, media and political elites. Past attendees include Google CEO Eric Schmidt, JPMorgan Chase chairman and CEO Jamie Dimon, Japanese Prime Minister Shinzo Abe and actor Matt Damon.

They'll need to pack a clever mix of ski vacation garb and chic business attire.

“They’ve tried to keep it casual, but most people go for business meetings and in business meetings you don’t want to feel like an underdressed shmo,” Henry Blodget, the editor-in-chief of Business Insider, told The Huffington Post in an email. “Also, there’s a chance you’ll meet Charlize Theron or Angelina Jolie, etc., and even billionaires don’t want to blow that one.”

Here are some a few tips for getting by at this year’s conference, which runs from January 21 to 24:

Dress warm

It’s cold in Davos. Being 5,052 feet above sea level in the middle of January can be frigid. Temperatures are forecasted to drop next week to about 30 degrees Fahrenheit, and it may get even colder. Pack a winter coat, hat, gloves, scarves, warm boots, and thermal underwear.

Bring a day bag

Participants at the conference end up swapping slush- and salt-encrusted boots for slick dress shoes. Parkas come off and jackets come on. Sure, you can probably fit a pair of dress shoes heels in your purse. But will that be enough?

“Unless you’re Mick Jagger or Bono or a twenty-something tech god, you’ll want a suit,” Blodget said. “You’ll also want a hat, gloves, and a jacket -- it’s cold. And boots! You’re tromping around in ice and slush and salt, so you don’t want to be slipping around and ruining your dress shoes. If you’re the confident sort, you can stick with the boots 24/7, but most people carry dress shoes around and swap whenever they go inside.”

That means a knapsack-sized day bag, equipped with all your changes of clothing, could be a good addition. It may behoove men to learn how to properly fold a suit.

Get an outlet converter

In Europe, electric outlets are different. In place of the two vertical slits on American plugs are two circles. That means you will need an adapter to make sure your laptop and phone stay charged. Fortunately, they sell for as little as $2 on Amazon. In the past, the conference has provided power strips that fit with American plugs, but why risk relying on that?

Wear boots or shoes you can walk in

As Forbes’ Clare O’Connor found, it’s really difficult to book a place to stay in Davos proper. You’ll probably get stuck outside the main town.

You’re not getting a hotel room in Davos proper your first time around. They’re booked up months, if not years, in advance. No-one told the newbie this. When I started my online search back in November, I had two choices. First: a studio apartment swathed in fur throws, dotted with expensive candles and owned by a woman called Mitzi who thought Forbes might cough up $1,000 a night (ha!). The other option: a basement hostel so grim I’d rather have tried my luck sleeping on the chairlift. So I’m staying 15 minutes down the road in the resort town of Klosters. Yes, admittedly a first world problem of the highest order, but the mark of a clueless newbie if there ever was one.

Now, go hit Davos like a boss:


Thursday, January 15, 2015

Why We're Picking Walmart And CVS Over Doctors' Offices

The American health care system may finally be catching up to the rest of the 21st-century economy, in which convenience is not only expected, but demanded -- and massive retailers are driving the change.

Patients suffering everyday complaints like chest colds or ankle sprains have long faced the lamentable choice between waiting days to see their family doctors or enduring time-sucking, unpleasant and expensive visits to hospital emergency rooms, especially at night and on weekends when physicians typically aren't open for business. It's one of the most annoying aspects of the way medical care is provided in the United States.

Big chains like CVS, Walgreens and Walmart are stepping in to try to correct this market failure. These and other retailers are opening hundreds of new walk-in clinics, staffed by medical professionals such as nurse practitioners and physician assistants. They're betting that Americans craving speed, convenience and easy-to-understand prices will be willing to break their habit of expecting a doctor to handle all of their medical issues.

"People are demanding health care to react similarly to other service industries, where people have a need and they want it relatively easy," said Nancy Gagliano, a primary care physician and chief medical officer for CVS Health's MinuteClinic. "The traditional health care system really is not adequate to support the need."

Although still vastly outnumbered by doctors' offices and hospitals, retail clinics are spreading rapidly: There currently are almost 1,900 across the U.S., up more than sevenfold since 2007, according to data compiled by Merchant Medicine, a consulting firm that tracks the sector.

The time seems right for the health care landscape to include places such as CVS MinuteClinic, Walgreens Healthcare Clinic and Walmart Care Clinic, along with similar locations housed inside retailers such as Kroger, Target and Rite Aid.

For starters, patients appear eager for the clinics. When the Advisory Board Co., a Washington-based consulting firm, surveyed consumers last year, it found respondents valued being treated by a physician less than the convenience of night and weekend hours, getting seen without an appointment, and being able to fill prescriptions on-site.

"People are also more sophisticated than, I think, in the past, health care has given them credit for," Gagliano said. "They have a really good sense of when the MinuteClinic-type visit is appropriate for their needs and when it's worth waiting for their doctor for a more complex issue or more chronic and preventative-care follow-up."

CVS Health's MinuteClinic, the market leader with close to 1,000 locations in 31 states and the District of Columbia, had more than 18 million patient visits in 2013, up from 5 million just two years prior, according to the company. It plans to have 1,500 clinics by 2017.

Eric Knudtson of New York might be the prototypical retail clinic patient. Knudtson, a 23-year-old student, visited a clinic inside a New York City Duane Reade -- owned by Walgreens -- last week for a check-up. He opted for the clinic because it was convenient and because he doesn't have a regular doctor in the city, he told HuffPost.

"I just came here because it was on my way home from school," said Knudtson. The two times he used the Duane Reade clinic weren't as time-consuming as visiting a physician's office, he said. His visit last week took less than an hour, including wait time. "It seems like it's gone pretty quickly."

Locations like these offer basic check-ups plus vaccinations and treatment for minor ailments, and their medical professionals can write prescriptions. Unlike the pharmacy and grocery chains, Walmart is positioning itself as a true primary care provider, while both Walmart and Walgreens tout their services for patients with chronic diseases. Walmart sets a flat price of $40 per visit (or $4 for company employees), while CVS Health and Walgreens charge less than $100 for most treatments. Lab work, drugs, vaccines and other things carry additional fees.

Retail clinics can't replace the physician's office or the emergency room, retail executives emphasized. Doctors are better-trained than nurse practitioners and physician assistants and are more knowledgeable about their patients' medical histories. ERs are equipped to handle life-threatening medical problems that retailers cannot, and can admit the sickest patients directly to the hospitals. Retail clinics also typically offer a less-comprehensive set of services than urgent-care centers, and don't have as much high-tech equipment.

Medical societies like the American Academy of Family Physicians and the American Academy of Pediatrics have expressed other concerns about these clinics.

Records of what services a patient gets at a retail clinic may not be shared with their doctors, even though retailers can transmit them electronically or on paper. That could lead to problems such as unsafe mixing of medicines, physicians being unaware of changes to their patients' health, or tests and treatments being needlessly duplicated.

But there's also a well-documented shortage of primary care physicians in the U.S., making it harder for people to get timely appointments or even to find a family doctor. And medical schools can't churn them out quickly enough to meet the demand. This problem could become even more acute as millions of Americans get health care coverage because of the Affordable Care Act. Inadequate access to doctors also has prompted some states to loosen restrictions on what non-physician practitioners are allowed to do.

Between 40 percent and 50 percent of the patients who have visited the clinics at CVS, Walgreens and Walmart reported they have no regular primary care provider, according to executives at those companies.

At the same time, health insurance -- from employers and from the Obamacare exchanges -- increasingly requires patients to pay more when they get medical care. Retail clinics offer services at clearly marked prices that often are lower than at physician's offices and hospitals.

"We have what I term as a new age of consumerism," said Patrick Carroll, the chief medical officer for Walgreens Healthcare Clinics and a primary care physician. "They're making choices based on convenience and economics."

Another draw is that Americans are working longer -- and less flexible -- hours. Employers and employees alike welcome retail clinics that can treat workers' minor ailments quickly and get them back to work sooner, said Jennifer LaPerre, senior director of health and wellness at Walmart U.S.

"It's hard to leave work during the day hours when you need to get care. But if they need to, they certainly don't want to be gone long," LaPerre said.

For the struggling retail industry, medical clinics offer both a new source of revenue linked to the massive and growing U.S. health care market, as well as a means of driving foot traffic into their stores, where customers may buy other products.

"We really want to be able to serve that audience who probably is shopping in our stores, but who may not have access to affordable health care," LaPerre said.

Jillian Berman contributed reporting.


Monday, December 29, 2014

Shake Shack IPO Proves It's Possible To Make Money And Pay Your Workers Well

Here's proof that it’s possible for a burger joint to both pay its workers well and still make money.

Shake Shack on Monday declared its intention to go public, filing the necessary paperwork with the Securities and Exchange Commission. In those documents, the New York-based burger chain reported blockbuster growth in recent years, even as it pledged to keep paying its workers better than the industry standard.

If the Shake Shack model continues to thrive as the company grows, it could provide fodder for workers and protesters who say fast-food giants can afford to pay their low-wage employees more and still reap huge profits.

Shake Shack workers in Manhattan make a starting wage of $10 an hour, according to Shake Shack's filing. That’s higher than both New York’s current minimum wage of $8 an hour and the $8.75 an hour that will become the state’s base wage starting on January 1 -- though it is still less than the $12.75 it takes for a single person to get by in New York City, according to MIT's living wage calculator.

That starting wage makes Shake Shack an exception in the fast-food industry, where workers' median pay hovers between $8 and $9 an hour. Unlike the typical fast-food chain, Shake Shack suggests this is good for business.

“We believe that this enables us to attract a higher caliber employee and this translates directly to better guest service,” Shake Shack wrote in its filing.

So far, the strategy seems to be working. Shake Shack’s system-wide sales grew from $21 million in 2010 to $140 million last year. That growth bucks a broader trend in the burger industry, which is shrinking slightly, according to August data from Technomic, a food research firm. Shake Shack hasn’t closed or relocated any of its 63 eateries since opening its first restaurant in 2004.


This chart from Shake Shack's S-1 filing shows the company's sales growth over the past few years.

It might not be a simple thing for traditional fast-food restaurants to adopt Shake Shack’s model. For one, most of Shake Shack’s U.S. stores are company-owned. By contrast, most McDonald’s and Burger King locations are owned by franchisees, who operate with tight margins.

Shake Shack’s reputation for quality food, with burgers and fries that have a cult following, also gives it room to charge more. That makes keeping labor costs low less of a priority.

But fast-food joints are starting to follow the lead of Shack Shack and other “better burger” restaurants that feature limited menus with quality ingredients. McDonald’s recently announced it would expand its “Create Your Taste” program, which lets diners customize burgers with fancy toppings like guacamole and creamy garlic sauce.


9 Restaurants Open On Christmas 2014

Chinese food is the classic Christmas-Day fallback for anyone who's not cooking. But if you're looking for more options, you've got them.

A slew of U.S. restaurant chains will remain open on Thursday, though their hours will vary by location.

Perhaps lo mein isn’t your idea of a warm Christmas dinner. Or maybe you need a peppermint latte to power through gift-giving with your rowdy nephews.

Here’s a list of chains that confirmed to The Huffington Post that they will remain open, at least in some places. Check your local listings before venturing outside, since hours may vary. All of the following quotes are from company spokespeople.

Applebee’s

“Some Applebee’s and IHOP restaurants will be open, and some won’t. Consumers need to check with their local restaurants.”

Denny’s

“Denny’s will be open. In fact, it is one of America’s Diner’s busiest days of the year.”

Hooters

“Select Hooters locations will be open on Christmas Day. To check for local hours please visit www.hooters.com/locations and call ahead.”

IHOP

“Some Applebee’s and IHOP restaurants will be open, and some won’t. Consumers need to check with their local restaurants.”

KFC

“Some KFC restaurants will be closed on Christmas Day. It is really up to the franchise owner to determine operating hours on the Christmas holiday.”

McDonald’s

McDonald's did not respond to multiple requests for comment for this story, but in 2012 the fast-food giant began pushing franchise stores to stay open on Christmas, and this year many locations will be open, according to the International Business Times.

P.F. Chang's

“Some of P.F. Chang’s casino and mall locations are open, but guests are encouraged to call ahead.”

Starbucks

“Starbucks stores are a gathering place for the entire community and customers use our stores to connect over coffee in different ways every day. We are happy to welcome customers on Christmas Day in select store locations. Store hours vary by location, and stores will occasionally adjust their hours based on business and customer needs.”

TGI Fridays

“Most TGI Fridays restaurants will be open on Christmas. However, guests should call their local restaurant for holiday hours.”

You might notice some chains are missing from the above list. Olive Garden, Red Lobster and Chipotle told HuffPost they will remain closed on the 25th. Sorry, burrito lovers.



Sunday, December 28, 2014

Ousted American Apparel CEO Dov Charney Is Reportedly Down To His Last $100,000

American Apparel's ousted chief executive is low on funds, following a six-month battle to regain control of the clothing company he founded.

Dov Charney, who was suspended as CEO in June and officially terminated last week, is down to his last $100,000 and is living in New York City at a friend’s home, Bloomberg anchor Trish Regan said he told her in an off-air chat last week.

A person with knowledge of Charney’s finances told The Huffington Post that he didn't squander money on extravagances like helicopters or private jets. Rather, Charney has been paying back debts to family members who once invested in American Apparel, the person said.

As CEO of American Apparel, Charney's base salary was $832,000 last year, according to filings with the Securities and Exchange Commission, and he’s still the company’s largest shareholder. However, Charney doesn’t have control of his 43 percent stake because of an agreement with hedge fund Standard General, which lent him the money to buy much of the shares earlier this year. Charney needs to get its approval to do virtually anything with his stake, making the fund a major power broker within American Apparel.

Charney blamed Standard General for his woes, according to Bloomberg. He turned to the firm for help when he was ousted as CEO by the board of directors.

“I gave them my entire life’s work and they agreed to put me back in,” he told Bloomberg. “But instead they used this investigation to fire me. They betrayed me. I gave them my heart.”

Standard General disagrees.

“We supported the independent, third-party and very thorough investigation into the allegations against Mr. Charney, and respect the Board of Directors’ decision to terminate him based on the results of that investigation,” a spokesperson for Standard General said in a statement.

Standard General is run by Soo Kim, who co-founded the firm in 2007 and landed on Institutional Investor’s list of “Hedge Fund Rising Stars” in 2013. It’s been in the news of late because of its involvement in RadioShack, the ailing electronics retailer teetering on the edge of bankruptcy.

Charney was fired after a third-party investigation into accusations from the company's board that he sexually harassed employees, misused company funds and violated his fiduciary duty. He has maintained his innocence.

Last week, American Apparel announced that Paula Schneider, a veteran of Warnaco and BCBG Max Azria, is taking over as CEO, replacing interim chief Scott Brubaker. American Apparel declined to comment on Charney's situation.

Despite everything that’s happened, Charney plans to keep fighting, and is “suing everyone” with what little funds he has left, according to the Bloomberg report.

“I gave them my shares so that I could come back and run this company,” he told Bloomberg. “I bet the farm … They robbed me.”


Friday, December 26, 2014

Amazon's Enormous Same-Day Delivery Growth Comes At A Price

Amazon hit a new record for its same-day deliveries this holiday season, with 10 times as many items shipped as last year, the company announced in a Friday press release.

With the company racking up all these speedy deliveries, it might be worth revisiting the woes of workers tasked with transporting items from the e-commerce giant’s warehouses to customers’ doors.

In April, The Huffington Post’s Dave Jamieson profiled Myron Ballard, a driver based out of Washington, D.C., for LaserShip, a shipping service hired by Amazon to meet its same-day delivery deadlines.

Technically hired as an “independent contractor,” Ballard received little support for the work he was doing. Delivering about 150 Amazon packages a day might have earned him, on average, $225.

But that money was spread thin covering his expenses.

Per Jamieson’s story:

Ballard had to purchase the cargo van he drives for work. He doesn't get reimbursed for the wear and tear he puts on it; for the gasoline he pours into it on a near-daily basis; for the auto insurance he needs to carry; or for the parking tickets he inevitably racks up downtown. He doesn't even get reimbursed for the LaserShip uniform he's obliged to purchase and wear.

"It's like they want us to be employees, but they don't want to pay for it," the 45-year-old Ballard said at the time.

Amazon has little incentive to change this system. Here’s why it works out so well for the retail company:

For starters, a delivery company using independent contractors avoids paying payroll or unemployment taxes on its drivers, as well as workers' compensation insurance -- never mind basic workplace benefits like health coverage and a 401(k). Such companies also aren't obliged to pay workers overtime under federal law, meaning no time and a half when the delivery day stretches into a 12-hour shift. And since they pay drivers on a per-delivery basis, they don't owe them anything for non-delivery work, like loading the van at the warehouse before hitting the road, a task that can take up to two hours.

Amazon did not respond to a request for comment on Friday.

Make no mistake, Amazon has reason to celebrate success right now. In October, the company faced its biggest quarterly loss in 14 years, leading some profit-hungry investors and pundits to dub CEO Jeff Bezos a “grinch.” Sales growth, especially during the retail industry’s coveted holiday season, is one way of proving Amazon is on the right track. But during a time of year when everyone, delivery drivers included, traditionally celebrates with family, it may be worth looking into the real costs of this same-day delivery service.


Saturday, December 20, 2014

BitTorrent Urges Sony To Release 'The Interview' On Its Paid Service

Filing-sharing giant BitTorrent is urging Sony Pictures to release "The Interview" on its new, paid service.

The software company, synonymous with illegal music and movie pirating, had several talks this week with the embattled movie studio about debuting the canceled Seth Rogen action-comedy as a "bundle" of links to files that can be controlled and sold to users legally. Sony scrapped plans to debut the picture in theaters next week after suffering a devastating cyberattack by hackers linked to North Korea -- apparently in retaliation for the film's depiction of the fictional assassination of the country's leader, Kim Jong Un.

"A group of hackers stopped an American company from releasing a commercial film -- this should not stand," Matt Mason, the chief content officer at BitTorrent, told The Huffington Post on Saturday. "This is wrong and we can help make it right."

BitTorrent bills its bundle service as the most lucrative means for artists and studios to distribute music, ebooks and films. It has positioned itself as an alternative to streaming services as more artists, such as Taylor Swift, abandon Spotify and Pandora in protest of the meager cut of revenues they receive. In September, Radiohead frontman Thom Yorke became arguably the most famous musician to sell an album exclusively through a bundle. It was downloaded more than 1 million times.

The only overhead for the content creator is the 10 percent cut of each purchase that BitTorrent takes and the cost of processing the payments through PayPal or a credit card company. The artist is usually left with, on average, 85 percent of the revenue, Mason said.

That could be the file-sharing network's best pitch.

Sony stands to lose almost $200 million on the movie, according to Bloomberg. Canceling the film stirred public outrage, and calls for the studio to release "The Interview" online have grown louder over the past few days. Some have declared it a "civic duty" to see the film.

During a Friday appearance on CNN, Sony Pictures CEO Michael Lynton said no major video-on-demand distributors or e-commerce sites had offered to screen the film.

Sony did not respond to a request for comment.

Streaming services such as Netflix, Hulu and Amazon and platforms like iTunes and Google Play would undoubtedly court a similar cyberattack if they released the movie. And Sony has been reluctant to offer the film at all. The hackers, who the FBI claims are agents of Pyongyang, have threatened to release more of its trove of humiliating internal emails and documents if they reversed plans to drop "The Interview" altogether.

BitTorrent works as a peer-to-peer file-sharing network, with about 170 million users running the software each time their computers share files. It would be nearly impossible for hackers to suppress the movie as the files bounced between viewers' computers.

Plus, BitTorrent is beloved by hackers. The BitTorrent protocol -- a means by which computers communicate with each other -- makes up nearly 3.4 percent of all bandwidth used for file-sharing worldwide, making it by far the most popular software in that category.

"This is a way for Sony to not only deliver the film in a real way, but get out on the side of the hacker community," Mason said. "This is an issue that's bigger than 'The Interview,' bigger than the Sony hack -- it's really about free speech."