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Fed’s Quarles says more rate hikes could be ahead ‘at some point’ as economy improves

Quarles voiced confidence in the economy and said more rate hikes likely will be appropriate, countering the prevailing market wisdom.
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6 Black women freelancers share what it takes to protect their mental health in the gig economy

6 Black women freelancers share what it takes to protect their mental health in the gig economy


6 Black women freelancers share what it takes to protect their mental health in the gig economy

In “I Rise,” a series from HelloGiggles, Black women writers examine Black women’s mental health from every angle—from what it takes to access treatment, to the exchange of trauma across generations. We hope this series arms women with information and power, and opens up more space for this important conversation to take place.

It’s no secret that we live in a gig economy and that more industries have started to rely on freelancers heavily, if not entirely, to keep organizations afloat. According to the Freelancing in America 2018 study, 56.7 million Americans are freelancers, and 64% of freelance work is being done online.

Freelancers are afforded a certain level of control over their schedules and projects, certainly more than traditional employees. But with that also comes instability, since freelancers are treated as independent contractors without the same protections as salaried employees. In fact, freelancers frequently struggle to secure affordable health care and enough work to make a decent living, and many have to follow up repeatedly with clients to be paid on time, if at all.

The uncertainty that comes with living the freelance life can be stressful at best and negatively impact your mental health at worst, even more so if you’re a marginalized writer. Black women and femme freelance writers have a wealth of knowledge when it comes to culture, but so often get tapped merely to comment on or react to instances of trauma and oppression. In addition to having to perform that kind of emotional labor, Black women and femme freelance writers never see the same rates of pay as their white counterparts.

To help Black freelancers lay the groundwork for better emotional and mental health, HelloGiggles spoke to six Black women writers about how freelancing has impacted their mental health and self-care, what it’s like to tell their most difficult stories, and how the media industry can be more supportive. 

“I’m thinking of finding other work because of the way working as a freelancer has affected me. Working as a writer has made me more anxious, and I’m annoyingly glued to my phone and computer. I’ve been having trouble being present and connected to my surroundings. 

[For self-care,] sometimes I don’t write a single word for days. It feels like I’m being lazy, but I know that’s necessary for me. I don’t like when the days and stories run together; I try to approach each one with a fresh mind, new ideas, and details. I also do small things, like wake up and immediately shower, instead of sitting on my phone for 30 minutes. It helps.

I would like for us to be paid more. I also would like for everyone to be given more freedom. Sometimes stories are cyclical and contrived, because editors know they’ll get clicks or because they don’t know what kinds of pieces are really important to Black audiences. It’s not right.”

Brooklyn White, freelance writer and artist

“[Freelancing is] exhausting. I’ve been moving nonstop and think about work all times of the day. Basically, my work-life balance is non-existent.

I need to be more proactive about [my mental health]. But I’m afraid if I stop to think of myself, I’ll miss out on work.

My most difficult stories relate to the fears I have about raising Black children in the midwest. They aren’t hypothetical concepts, like many of the other topics I cover. They are everyday struggles.

I don’t want to be a ‘go-to’ for stories exclusively during ‘Black times’ of the year. I’m a multi-dynamic individual with a wide range of views. My Black identity is just one of many aspects of what I can cover.”

— Ambreia Meadows-Fernandez, health care journalist and content strategist

“Freelancing has had a massive impact on my mental health. The fluctuation of it, the constant hustling—this can all be detrimental to my mental health. As such, it’s taught me to make tending to my mental health much more of a priority than it would be if I had a ‘traditional’ job.

Radical self-care and tending to my mental health looks like many things. Day to day, it means staying on top of my to-do lists for tasks, tracking my budgeting/spending/invoicing daily, and limiting my social media time. I tend to do best with having set rules regarding my social media at the beginning and end of the day (I try not to take my phone off airplane mode for the first hour I’m awake, and get off social media by 10 p.m. to give me time for my nighttime routine). But self-care also means prioritizing time to take care of my body: stretching, drinking water, doing non-work/hustle-related things that get me reconnected back to myself after a long week.

I’ve recently begun talking more about my chronic pain, and I still find it challenging to intellectualize what I’m experiencing and my relationship to it because, well, I’m still sorting through it all. I want to honor the space that I need to sit with things for myself first before sharing them with the world, and I try not to let myself get too caught up in that pressure [to write about my personal life].

Above all else, I want us to be paid what we are worth from the jump. Too many Black women and femme writers expend so much energy to be paid, and most of the time, we end up getting a fraction of what white writers in our fields [receive]. I provide a lot of labor in my work as a freelance writer and sex educator, and many people will only count a fraction of that work as ‘billable.’ But that needs to change. I want Black women and femme writers to have their rates respected, and be paid what we deserve from the beginning instead of having to fight so hard for it.”

Cameron Glover, freelance writer, podcaster, and sex educator

“Being a freelance writer is rewarding because I get to write from a place of passion as opposed to being shoved a topic/beat and expected to write well about something I couldn’t care less about or have no connection to. I get to craft something that’s near and dear to my heart and share it with the world. However, digital spaces are increasingly click-centered, so the pressure to pull millions of hits can be draining. It can be defeating to not meet a click goal or see/hear ANY response to something you poured yourself into. This has caused me a bit of anxiety and I’ve procrastinated with some of my work, fearing not being able to do a good job. And isn’t that wild? A good job is now defined by the tap of a finger, not the depth, breadth, vulnerability, research necessary to the craft.

Lately I’m starting my days free of internet, social media, or contact with anyone outside of my house. I used to check my emails and social media as soon as I woke up at 6:30 a.m. As a Black woman, that learned lack of boundaries to try to be all things to all people made me feel as though I was always treading water, just about to drown. Now, I’m practicing waking up with a prayer, a scripture, my journal, and some tea. I value what I do, but I’m not a brain surgeon. No one will die if I don’t respond to emails before 10 a.m. Letting my ego take her rest has been the most radical form of self-care. It frees me to be grateful, calm, and increasingly creative.

I felt compelled to write about getting fired from a job that just wasn’t right for me. We talk about vulnerability and authenticity a lot these days, but only a handful of us are really willing to be honest about the less-than-ideal slices of our lives. I didn’t want to be seen as a failure. Again, my ego popped up, terrified of taking that kind of hit. But in actuality, it was the most satisfying thing. It highlighted the uselessness of shame and gifted me the opportunity to build community with incredible people. It got a great dialogue going about what it means to follow the path that’s meant for you instead of trying to fold and mold yourself into a box that makes everyone else comfortable with you.

Black women’s experiences are varied, our expertise and interests are vast. It’s crazy to me that we must keep reminding the world of this. We embody a spectrum that too few care to call to the table. They want the monolith that gets clicks and sells papers and makes for edgy headlines and neat little obligation-filling-yet-ineffective diversity campaigns. I’m interested and invested in our invitation to actual conversations and not just the commodification of our ideas and creative expression.”

Ashley Hobbs, freelance writer, director, and creative producer

“I was a freelancer for two years. In the 24-hour news cycle, it was a constant churn and burn of competing headlines and chasing late payments. I had to take time off indefinitely.

During my hiatus, I discovered yoga and wellness. I got certified as a teacher and use my Instagram as my creative outlet.

As a freelance writer, it often felt like the only way to get greenlit was to share a really deeply racialized trauma story. This was often tied to a current event, so it was like always reopening a fresh wound.

It is my hope that Black women will be able to write about whatever they want and all of our stories will be heard. Equal treatment can only come from sharing more of our stories unrelated to trauma or to at least offer more agency in the stories we choose to share.”

Jagger Blaec, freelance writer and yoga instructor

“Being a freelancer is unstable, particularly financially. This impacts my mental health because if my pitch isn’t picked up, I don’t get paid, therefore I cannot seek out the care that I need around my mental health.

I don’t tend to my mental health enough. I put my job and getting paid first, and if I have the time and resources, then I will practice self-care and tend to my mental health. Though I can write about and acknowledge how necessary it is to our communities, it is difficult for me to put into practice, mostly due to lack of stability as a freelancer.

One of the most difficult stories to tell was one I wrote about my relationship with my mother, who is white, and the labor that I have to perform to educate her as her Black daughter. I was fearful of this story painting her in a negative light, and how I could tell it without feeling like I was exposing all of her faults, while still being honest to myself and telling my truth.

I want to see us holding editor positions, creative director, editor-in-chief, etc., not just freelance positions. Publications are quick to ask for our stories, but never want us holding the positions of power. They want our labor and creativity to get them revenue, but will never pay us what we deserve. I want to see us at every level in the journalism industry.”

Dominique Norman, freelance writer, fashion activist, higher education professional

The post 6 Black women freelancers share what it takes to protect their mental health in the gig economy appeared first on HelloGiggles.

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Fed’s Charles Evans says US economy is slowing but downplays recession

Chicago Federal Reserve President Charles Evans says the U.S. economy has slowed but downplayed chances of a recession.
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Why a strong economy isn’t boosting Trump’s approval ratings

Success in politics — and in political predictions — ­depends on the ability to distinguish between old rules of thumb that don’t apply anymore and old rules of thumb that do. Take the old rule that an officeholder’s chances of re-election depend on what James Carville in 1992 took to calling “the economy, stupid.” That…
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Economy at ‘very real risk’ of falling into recession in late 2020, UCLA forecast says

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A report card for Trump’s economy

President Donald Trump claims full credit for the strong economy and stock market.


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Trump says strong US dollar, rate hikes are hurting economy

President Donald Trump made wide-ranging speech at the Conservative Political Action Conference on Saturday.
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Why Some Cities Are Fighting A Cashless Economy

You are here this morning to discuss why some states and cities are fighting the move away from cash. What’s the story?

In recent years we have seen a rapid shift away from cash, both in the U.S. and around the world. Fewer people are using paper money, and the number of retailers cutting out cash and only accepting of credit and debit cards and digital payment platforms such as Apple Pay and Google Pay is on the rise. But some states and cities are worried the move toward a cashless society is disadvantaging some people, and they are taking up legislation to address this.

According to a report in The New York Times citing legislation being worked on around the country, the New Jersey Legislature and Philadelphia City Council have backed laws that would ban cashless stores. New York City, Washington, D.C., San Francisco and Chicago are looking at similar legislation.

Are we really heading toward a cashless future?

While I am not sure we will reach a point of no cash, it certainly looks like paper money is destined to occupy a much smaller place in our economy and our lives in the future. According to the Federal Reserve, cash purchases were down to thirty percent of all retail transactions as of last year compared to 40 percent in 2012.

A Gallup poll found that just a quarter of Americans made all or a significant number of retail purchases with cash in 2016, 11 percent fewer than those who did so just five years earlier. The switch away from cash is especially apparent among younger Americans. Just 21 percent of people between 23 to 34 years old reported most of their transactions were in cash, down from 39 percent five years before.

Why are legislators concerned about businesses moving away from cash?

 As you know, to be unbanked means you do not have access to a bank account or other financial services, such as credit or debit cards. Many officials are concerned that cashless policies will have a disproportionate effect on those who are more likely to be unbanked – including immigrants, lower-income families, and minorities – because they rely on cash in their daily lives.

So while the number of consumers who prefer using cash is declining, there are still tens of thousands of people who may be further disadvantaged by cashless retailers because they don’t have bank accounts or lack credit cards or photo identification.

After all, while the number of people who are unbanked is declining, around 6.5 percent of households had no members with a checking or savings account, and 1 in 5 families has not used a credit card or mainstream credit tool such as a mortgage during the previous 12 months. So, states and cities are trying to put safeguards in place to ensure these individuals and families can still conduct business.

How are businesses reacting?

 The fact is most businesses still accept cash. But, critics of these bills have argued that going cashless is more efficient and more secure. Many retailers note that the majority of their customers already pay with a card or payment app.

Not only does this encourage efficiency – at the point of sale, when counting it, and when depositing it – a lack of cash also cuts down the danger of robbery or theft. Still, proponents of these new laws note that none of this addresses their core concerns.

What advice would you give to those who don’t have access to a bank account or other financial tools?

The first thing is that it is in your interest to gain access to these financial tools. Not only is it more secure, it also allows you to build a credit history and can help you understand and benefit from the financial system in the long run. If you don’t feel like you have enough money to open a bank account, or if you have struggled financially in the past and are not concerned you may not be eligible, I would encourage you to try a local bank or credit union.

These institutions tend to have fewer requirements for account balances and account openings. If you are still having trouble, you may want to seek out financial counseling. The National Foundation for Credit Counseling (NFCC)of the Financial Counseling Association of America (FCAA) are great resources to begin the process.

Mellody Hobson is President of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News.

 


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Trump administration to end fuel economy talks with California: official

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Worries About Trade, Global Economy Weigh On Wall Street – U.S. Commentary

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Trump’s shutdown nightmare: A choice between the economy and the wall

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If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump’s wall

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Companies from Apple to Ford are flashing warning signs about the Chinese economy

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The Chinese digital economy can’t be slowed down. Here’s a look at how and why.

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Anyone who regularly reads business news will recognize the Chinese companies consistently making headlines: Alibaba, Baidu, Tencent, and Xiaomi. These companies have established a major role in the global economy. Today, they dominate everything from e-commerce to the Chinese entertainment industry.

One of the reasons these organizations have become digital titans of industry is China’s steadfast dedication to digital innovation. China is home to the biggest online shopping site in the world. It’s poised to be a major player in the electric vehicle industry. Alongside the U.S., China is also on track to lead the world in 5G connectivity. The country has frequently been ahead of the pack in developing game-changing innovations like cryptocurrency, artificial intelligence, robotics, and big data. Read more…

More about Uk, China, Digital Economy, Business, and Big Tech Companies


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Stocks to crawl higher in 2019, about right for a slowing economy, RBC predicts

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Goldman Sachs believes the US economy will slow to a crawl next year

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Your Guide to Winning the Economy Debate at Thanksgiving Dinner

Family dinner debates are like candied yams: Nobody really enjoys them, but they’re inevitable at Thanksgiving.

So if this year’s holiday discussion turns to the U.S. economy, we’ve got you covered. Whether your relatives want to talk about the job market as casual observers or parse Federal Reserve actions like super-nerds, we’ve prepared rebuttals for some of 2018’s most common platitudes.

Home EconomicsYour relative says: I’ve read about the strong economy, but prices seem to climb relentlessly, while paychecks can’t keep up. You should’ve seen how much I paid for this turkey.

Your response: Let’s talk wages. They’re heading modestly higher at long last, and they’re moving up faster than inflation right now. In fact, price-adjusted median household incomes have finally surpassed 1999 levels over the past two years after taking a major recession-era hit, based on a Census measure. Such gains may have been a long time coming, but they’re reaching the collective pysche: Consumers report feeling confident about their household financial futures across income levels, New York Fed survey data shows.

While it’s true that prices are increasing at around 2 percent a year right now, economic policy makers aim for that kind of modest inflation. And as for tonight’s dinner, it’s gotten a little bit cheaper over the past year. Turkey deflation–it’s a thing.

One relative says: President Donald Trump has shifted America’s economy into high gear.

Another says: What are you talking about? His policies are irresponsible.

Your response: Simmer down, you two. Growth has indeed moved higher, helped by tax cuts and higher spending caps. There are nascent signs of more capital investment–one of the main goals of the Trump tax cuts. But business spending cooled recently, and the fiscal sugar high is expected to start wearing off in 2019. So it’s unclear whether Trump’s policies will have lasting benefits. One thing is clear as annual budget deficits approach $ 1 trillion: They’re already leaving the country more indebted.

Armchair ExpertYour relative says: The Federal Reserve is getting a little aggressive with these rate hikes.

Your response: Have you seen the unemployment rate lately? It’s at its lowest level since Woodstock, and such a minuscule jobless rate is encouraging employers to raise wages. That’s a good thing, but the Fed wants to make sure that the economy doesn’t overheat, stoking excesses and rapid price gains down the road. Fed rate increases start to bite after a year or more, so policy makers are taking their foot off the gas now, so that they won’t have to slam on the brakes if inflation takes off.

Your relative says: The Fed threw around a bunch of free money and should’ve lifted rates sooner.

Your response: Show me the inflation. It undershot the Fed’s 2 percent goal for years, and even now, it’s only coming in right around that level on a core basis. Inflation expectations also remain a little on the low side. If the Fed had lifted rates aggressively and early, it might’ve made it harder for it to nudge prices up. Higher prices may sound bad, but if gains are too slow, the country risks deflation and it’s harder for employers to raise wages.

Your relative says: The booming stock market proves the U.S. is on the right track.

Your response: Equities did see a nice Trump bump, but stocks aren’t necessarily a great indicator of long-term economic activity. The bond market might offer better evidence of sustainably faster growth. And it’s not too optimistic. The fixed-income market’s relatively flat yield curve suggests an expectation that today’s solid economy isn’t on the cusp of an extended boom.

Deep NerdYour relative says: The federal funds rate is going to rise above the upper limit on its target range, if the Fed’s Jay Powell isn’t careful.

Your response: He’s a man with a plan. Many economists expect the Fed to make another technical adjustment when officials meet in December to keep the funds rate trading within its target range. It does open a question, though: Is reserve scarcity driving the change, and if so, does that mean balance sheet runoff will have to stop earlier than planned? Fed officials don’t think so, but it’s a story to watch in 2019.

Your relative says: Quantitative easing didn’t work.

Your response: OK, gloves off. The central banking community remains divided on the efficacy of America’s three bond-buying programs after the financial crisis. While “QE did work, and here’s the proof” studies have become a genre of economic research unto itself, at the end of the day, it’s hard to prove a counterfactual. What we do know is that the economy recovered, that interest rates were weighted down and that the Fed plans to keep bond-buying in its toolkit for the next recession.

Fortune

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WATCH: World News 11/05/18: Trump Talks Up Jobs, Economy At Urging Of GOP Leaders

Abrams makes last pitch to become first black female governor in the US; Tallahassee mayor hopes to become Florida’s first black governor
ABC News: World News Tonight

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

BEST DEAL UPDATE BY AMERICAN CONSULTANTS RX:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Goldman Sachs: The economy needs to slow down to avoid a ‘dangerous overheating’

A thriving labor market is part of a continuing economic boom that will have to slow down or it eventually will cause trouble, according to a Goldman Sachs analysis.
Economy

ECONOMY NEWS UPDATE:

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Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Trump touts economy, Georgia sees racist calls as U.S. vote nears

President Donald Trump touted U.S. economic growth and painted a grim picture on immigration in rallies with Republican candidates before Tuesday’s elections as Democratic former Vice President Joe Biden urged voters to reject division.


Reuters: Politics

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

CHARITY UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

WATCH: World News 11/02/18: Trump: America ‘Now Has The Best Economy’ In US History

Driver arrested after shuttle-bus trip goes frighteningly awry; Video shows inside of bus in China before it fell off bridge
ABC News: World News Tonight

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

BEST DEAL UPDATE BY AMERICAN CONSULTANTS RX:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Trump: America ‘now has the best economy’ in US history

ABC News

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

CHARITY UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Obama warns against fear, Trump touts economy on campaign trail

Former U.S. President Barack Obama warned on Friday against rhetoric he said was designed to sow fear as he campaigned in support of Democratic candidates while President Donald Trump hammered a hardline anti-immigration message to energize Republicans.


Reuters: Arts

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US Is World’s Most Competitive Economy: World Economic Forum

In its annual Global Competitiveness Report, the World Economic Forum has named the United States as the most competitive economy in the world.

Under the new framework for competitiveness, the U.S. economy is the closest to the “competitiveness frontier”, followed by Singapore, Germany, Switzerland, and Japan, says the closely-watched Report, which was published on Wednesday.

The U.S. is ranked
RTT – Top Story

SPECIAL NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Another great sign for the economy: Job openings hit an all-time high in August

Job openings hit a record in August, indicating companies could face more inflationary pressures ahead with a tight labor market. 
Economy

ECONOMY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Why has Trump’s economy left senior citizens behind?

Dear John: If the economy is booming, why is nothing being done for seniors? This group, solidly behind the president, is still suffering from shrinking Social Security benefits and rising food prices. S.W. Dear S.W. You might be happy to know that Social Security’s Cost of Living Adjustment, announced on Thursday, will be 2.8 percent,…
Business | New York Post

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The Fed’s interest rates push could slow down the economy

When will rising interest rates be a real problem for the stock market? Nobody has the answer to that question, although a lot of people are venturing guesses now that rates are climbing steadily. The problem with those guesses is that a complex combination of factors is at work. The stock market suffered sizeable declines…
Business | New York Post

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Circular Economy Hot Topic at Paris Fabric Fairs

PARIS — A Balenciaga garment made from the recycled fibers of a Max Mara camel coat. That’s the reality for a growing number of brands embracing the circular economy, a hot topic at recent Première Vision Paris and Texworld shows here.
“You see mills that are starting to weave fabrics with fibers recycled from plastic bottles, discarded clothes, discarded polyesters. Materials are freshly rewoven with these fibers and they look really luxurious, they look perfect,” said Olivier Theyskens, jury president of the 10th anniversary of the PV Awards.
Held Sept. 19 to Sept. 21 at the Parc des Expositions in Paris Nord Villepinte, the show for the first time exceeded the 2,000 exhibitor mark, with 190 new companies. The edition also saw the launch of the Marketplace Première Vision via a physical space, allowing visitors to experiment and test out the platform.
One of the main challenges for recycled fibers, explained Francois Souchet, director of Make Fashion Circular at the Ellen MacArthur Foundation, is the loss of quality and lack of real technologies available at scale.
“When we talk to luxury brands, one of the main concerns is, ‘Is this fabric very durable? Can it compete with the level of quality that we want to

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