MIAMI (CBSMiami) – “We have Frozen Yellow, Bread, Dazzling Blue Oreo, The Blue Tent, The Beluga 2.0., The Beluga Reflective, Zebra Cream,” said Daniel Cohen, owner of Sneak Peak Luxury in Downtown Miami. He recites the endless names of Kanye West’s Yeezy sneaker line as fast as he does the alphabet. Those top-selling sneakers range in price from $350 to $1,000. Yes, the sneaker industry has stepped into a whole new stratosphere. CBS4’s Lisa Petrillo asked him about the unbelievable rise of the sneaker industry. READ MORE: Wife Of Slain Cyclist Pushes For Safety Measures After 2 More Deaths On Rickenbacker Causeway “Oh, it’s been such a ride. It’s so unreal what it’s come down to,” he said. “It’s become such a market where I don’t think it falls just under sneakers. It just kind of fits in the whole area of fashion.” And we’re talking high-end fashion. From Chanel, Dior, Louis Vuitton, and much more. The sneaker craze began in 1984 with the GOAT himself Michael Jordan and … [Read more...] about There’s No Business Like Shoe Business & The High End Sneaker Business Is Booming
ACHARNES, Greece — Behold Dominik Defoe. Ten years old and barely taller than the net. Golden brown shoulder-length curls bouncing in the air as he chases and crushes tennis balls, which he does better than just about any kid his age. Defoe loves to fiddle with the GPS in his mother’s car, so in the morning when they head to school, the phone directs them to Roland Garros, site of the French Open. He does it so often that his mother knows Roland Garros is 2 hours 47 minutes away from their home in Belgium. Defoe was nearly in tears earlier this year when he received one of the 48 invitations from IMG, the sports and entertainment conglomerate, to attend the first Future Stars Invitational Tournament at the posh Tatoi Club in the northern suburbs of Athens. The event, for boys and girls aged 12 and under, is both a tournament and a weeklong education in the life that might await Defoe and his rarefied peers, complete with seminars led by executives at Nike and the men’s and women’s … [Read more...] about Are the Next Global Tennis Stars Among These Tweens?
New York (CNN Business) A year ago, Joe Biden, then the presumptive Democratic nominee for president, was picking a fight with Amazon over how little it paid Uncle Sam. Now Biden is president, and Amazon CEO Jeff Bezos is on a lonely island supporting the White House's plan -- to raise corporate taxes. Hardly any other company leaders have come out in support of Biden's plan. But it's a relatively easy plan for Bezos to get behind : His company pays nowhere close to the current 21% corporate tax rate, let alone the 28% rate Biden is pitching. According to company filings, Amazon's federal income tax bill came to $1.7 billion in 2020. That doesn't mean that its actual payments came to that much -- but that $1.7 billion tax figure nevertheless came to only about 7% of the pretax income of the $24.2 billion it reported to investors . Thus Amazon only paid about a third of the 21% rate. One of the only other executives to endorse higher corporate tax rates … [Read more...] about Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much
There are few things San Francisco loves more than a weird race. Be it with soapbox cars, big wheels or snakes , the city has a mild obsession with the fast and curious, which might be best exemplified by the Bay to Breakers footrace. Each year since 1912 (not counting 2020 and 2021), thousands of runners have participated in the 12-kilometer dash starting at Howard and Main streets and ending at Ocean Beach. It’s a race, sure, but it’s really more of a party, with most runners putting more effort into building costumes than training to improve their finish time. Like SantaCon , it serves as an excuse to day drink, with the race route turning into a party and many participants testing their alcohol tolerance in addition to endurance. Recent news about the organizers of Bay to Breakers making donations to controversial politicians and refusing to award nonbinary runners (which was reversed after public outcry ) has put its quirky identity into question, but there’s … [Read more...] about The origins of the salmon run, San Francisco’s weirdest Bay to Breakers tradition
Illustration: Intelliigencer. Source Image: MHJ/Getty Images Soon after Riley Moore took office last year as the state treasurer of West Virginia, he started to hear disturbing things from the fossil-fuel industry in his state. Coal and gas operators told him they were struggling to get loans from banks and other lenders, and that they were worried about being shut out of the financial system altogether. “I had coal operators and gas companies come to me and say, ‘This is a big concern for us,’” Moore told me over the phone. “‘We’re hearing from our lenders that we might lose access to capital and the ability to continue to finance our operations.’” Moore wanted to strike back at the financial institutions that he believed were choking off his state’s flagship industry, and soon he zeroed in on BlackRock , the world’s largest asset manager . The investment firm operated a $1 billion liquidity fund with the state, but its leader, Larry Fink, had also announced his … [Read more...] about How Red States Are Trying to Snuff Out Green Investing