Putin and Kim shake hands at start of talks

Associated Press

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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

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Danny Meyer’s Lessons Learned From Going Cashless, Eliminating Tipping, and the Shake Shack IPO

As the CEO of Union Square Hospitality Group, the founder of Shake Shack, and arguably one of the most powerful people in restaurant world, there are few people better to ask advice of and lessons learned in this industry than Danny Meyer.

While discussing USHG’s latest opening, Cedric’s at The Shed in Hudson Yards, this week, Meyer also answered a few questions about some of his more headline-grabbing business moves lately, including the elimination of tipping at his restaurants (meaning incorporating gratuity for service into menu prices, a standard practice outside the United States) as well as controversy surrounding going cashless.

Over the last two decades, the management team says it’s seen the percentage of cash transactions dropping precipitously, partially serving as the catalyst to setting up credit card only/cashless checkout at some of its more fast casual establishments. But there has been an outcry that such practices are discriminatory.

Along with the discussion about the inspiration and goal for Cedric’s, here are more excerpts from that interview, edited and condensed for clarity.

Fortune: There’s been a bit of a backlash to going cashless, which you’ve written about before. Philadelphia, notably, is planning to ban restaurants from going cashless. What’s your response to this?

Meyer: The fact is that most of our guests use credit cards anyway. So it’s almost irrelevant. When I wrote an article about this for LinkedIn, if someone absolutely can’t get credit, and yet they can afford to eat with us, we find some way to serve them. And we always have. Sometimes we give it away. We’ll obviously abide by whatever laws there are. I do think that the world is moving to using less cash. I don’t go to the ATM nearly as much as I used to. Look, I’m sensitive to the notion that some people can’t get a credit card, including, by the way, kids. Say a kid has a really big allowance and they can afford to eat at one of our restaurants, but they can’t get a credit card. I still want to take care of that kid. We always find a way to serve a guest.

This is all kind of ironic. Because in the old days, the controversy was that restaurants only took cash and wouldn’t let you use your credit card because they didn’t want to pay the fee. And so the irony is that now restaurants are willing to pay more of a credit card fee, often for the safety of their staff. It is a very dangerous thing to have cash around a restaurant. That’s been the primary motive for us.

What was the biggest takeaway from the push to eliminate tipping, or incorporate it into your menu prices?

That it wasn’t nearly as scary as people think. That consumers have been very, very willing and ready to accept it. One of the last ones we converted was Porchlight (a Southern-inspired cocktail bar in New York). Because we said, of all places, a bar!

We found that, too, when we eliminated smoking. The one we were most concerned about was our jazz club, the Jazz Standard. Everyone smokes in a jazz club, don’t they? But that only helped our business. And the artists were happy that they didn’t have to be inhaling that when playing a saxophone.

Given how many IPOs there planned are this spring, what was the biggest lesson you learned from the Shake Shack IPO? What surprised you?

The thing that surprised me was how you learned there are really two parallel universes: the business you’re running and the business that people react to. You have consumers who are, hopefully, in love with your business. And you have Wall Street, which either is or is not in love with your stock. And the thing we’ve learned is focus running on the business and things will work out.

But they’re very different things. Shake Shack stock


shak



popped for some interesting reason. Within probably four months, it spiked from $ 21 per share to $ 90 something. On the one hand, you have people in love with your restaurant. On the other hand, you have people not in love with the stock price. And you just can’t get distracted by that. As someone much smarter than me once said, “On a day-to-day basis, the stock market is a good voting machine. In the long term, it’s a good weighing machine. And the weight generally evens out.”

Fortune

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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

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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!

Elliott Management will likely wage proxy campaign to shake up Arconic

So you want to protect your retirees’ pensions? That could get you into trouble with the state of Delaware. Elliott Management — reeling from the surprise rejection of a $ 10 billion takeover offer for aluminum giant Arconic earlier this week — is discussing a surprising legal argument to revive the deal, The Post has learned….
Business | New York Post

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Wale Claps Back At Shady G.O.O.D Music Artist 070 Shake: “Go Awf, Queen”

Wale Performs at Coda

Source: Hugh Dillon/WENN.com / WENN

Wale wasted no time responding to G.O.O.D. Music artist 070 Shake after she decided to get shady on Twitter last week. Far from the first time the “Black Bonnie” rapper has clapped back, we’re not at all surprised to see Wale wants smoke.

In case you missed it, a fan hit Twitter to suggest a collaboration between Wale, Kid CudiWiz Khalifa, and 070 Shake. Instead of keeping her thoughts to herself, 070 Shake responded: “eh not really feeling the Wale part.”

Wale caught wind of the unnecessary comment and responded,  “Lmao love how u went out ur way to say that . Go awf, queen.” See his tweet below.

After Wale called 070 Shake out, the rookie tried to back her way out of big dawg beef…but it was too late. “You just too fire for me bro feel me, love you” Shake wrote. But Wale wasn’t feeling her, telling the young artist he was “cappin’” and once again referring to her as a “queen.”

In other words…don’t let your mouth write a check that your *ss can’t cash, Shake.

Photo: WENN

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Jalen Rose Says Lebron James Will Shake Up Lakers Roster [Video]

Jalen Rose believes LeBron James’ influence will ultimately factor into which players get to stay in L.A.

TMZ caught up with Rose and he “says the guys on the current roster are basically auditioning to stay in Purple & Gold — and right now it looks like Kyle Kuzma and Josh Hart are the only ones who appear safe,” the site reports.

So, where does that leave Lonzo Ball?

“I love Lonzo. He got game. But, they’re taking the ball out of his hands,” Rose explained … “I’m rooting for him.”

“Translation — Lonzo needs to get used to playing a style of basketball that he’s never played before …  one where he doesn’t have the basketball,” TMZ writes.

For the rest of the roster, Rose gives this advice:

“If you’re on your rookie contract, you’re auditioning to see who can fit best with LeBron … Hey, you know, gotta get out there and perform!”

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Why Silicon Valley can’t shake accusations of anticonservative political bias

Silicon Valley's biggest companies — including Facebook, Google and Twitter — will not shake accusations they are politically biased against President Trump if they continue to keep the public in the dark about how their algorithms work. 
Tech

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The most offensive-sounding pumpkin spice product has arrived as a hummus shake

Game over. The most offensive-sounding pumpkin spice product has officially arrived.

Here to add some fright to your fall is the Pumpkin Spice Hummus Shake. Grab it — or avoid it — at The Hummus & Pita Co., where it’s available for $ 5 at all three of the chickpea chain’s Manhattan locations and…

Life Style – New York Daily News

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