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How to get a COVID shot with the new FDA guidelines : NPR

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People seeking this year’s COVID booster shot may find it more difficult than the past.

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If you want a COVID shot, it can be frustrating to try to get one right now.

That’s because the Food and Drug Administration has narrowed its approval for this year’s shots to only certain groups: those 65 and older, and people at high risk for developing severe illness from the virus. It’s a major departure from policy in past years, when the vaccines had been approved for anyone 6 months and older.

Trump administration health officials argue that most otherwise healthy, younger people have so much immunity that they don’t necessarily need annual boosters anymore. But many doctors’ groups say it’s a good idea to get one to avoid serious illness or spreading it to others who may be high-risk.

So the change means you may have to work harder to get a shot. In the past, you could just walk into a pharmacy and ask for one. But now, you might get turned away if you don’t meet those criteria.

Here’s what to know about getting a shot right now.

Q. If the pharmacist says I’m not eligible, do I have any options?

A: Yes. If you have one of the risk factors you may be able to “self-attest” that you’re eligible. That means simply telling the pharmacist that you have a risk factor or indicating your risk factor when scheduling a shot. Often no documentation is required.

At the moment, some pharmacies may say you need to get a doctor to issue you a prescription for a shot. That requirement may go away in some states after the Centers for Disease Control and Prevention issues specific recommendations for who should get vaccinated. The CDC advisory committee that makes those recommendations is scheduled to meet Sept. 18-19.

Q. How do I know if I am at risk — what conditions might make me eligible?

A: The CDC lists risk factors for the public here and for health care providers here. They include people who are 65 and older, people from a racial or ethnic minority and people who have disabilities. There’s also a broad list of conditions, including:

  • Asthma
  • Cancer
  • Cerebrovascular disease
  • Chronic kidney disease
  • Chronic lung disease
  • Chronic liver disease
  • Cystic fibrosis
  • Diabetes (both types)
  • Disabilities
  • Heart conditions
  • HIV
  • Mental health conditions – including depression
  • Neurologic conditions (Dementia and Parkinson’s disease)
  • Obesity
  • Physical inactivity
  • Primary immunodeficiencies
  • Smoking (even if you quit)
  • Solid organ or blood stem cell transplantation
  • Tuberculosis
  • Use of corticosteroids or other immunosuppressive medications

The FDA estimates between 100 million and 200 million Americans would qualify.

Q. What if I’m pregnant?

A: Pregnancy is also named as a risk factor, even though the CDC agency dropped the recommendation that pregnant women routinely get vaccinated. The discrepancy is causing some confusion about whether pharmacists can administer the shots and insurers will pay for vaccination. The American College of Obstetricians and Gynecologists does recommend the shot during pregnancy.

Q. What about children — can they get it?

A: Yes, the COVID vaccine has been approved for children — but this year it’s only for those with risk factors for serious complications. And for the first time, only one vaccine, Moderna’s, has been approved for children as young as six months old. The Pfizer-BioNTech vaccine is approved for children 5 and older. Novavax’s vaccine has been approved for children as young as age 12.

Parents may need to get a prescription if they want to vaccinate otherwise healthy children. And no vaccine has been approved for younger children, such as newborn babies, even though very young children are among those most vulnerable to getting seriously ill from COVID. That’s one reason why doctors recommend pregnant women get vaccinated — to pass protective antibodies to babies in the womb.

Q. Some pharmacies don’t seem to have them — where can I find the shots? 

A: This year’s vaccines have started to become available at many pharmacies, doctor’s offices, clinics and hospitals, but some locations may not have received their orders yet but should soon. The vaccine manufacturers say they are producing plenty of vaccine, so supply shouldn’t be an issue even with the narrower FDA approvals.

But some doctors that stocked the vaccine in the past may pass this time if they don’t think there will be enough demand. That means you may need to go to a pharmacy to get a shot.

Pharmacy chains like CVS and Walgreens have websites where people can find a vaccine and schedule appointments. Pfizer and Moderna both opened vaccine-finder websites.

Q. Even if I can find a pharmacy that has the shots, will my insurance cover it? 

A: That’s unclear. Insurance companies are only required to pay for the shots if they have been recommended by the CDC. That won’t happen until next week at the earliest. But some insurance companies say they are covering the shots anyway, so it’s worth asking if your plan covers it.

About half of the children in the U.S. are eligible for free vaccines through the federal government’s Vaccines for Children Program but the COVID shots won’t be included in that until after the CDC recommendations go into effect, and even then, it may depend on the child’s health conditions.

For those who have to pay out of pocket, the shots cost between $150 and $200.

Q. The CDC’s advisory committee is meeting soon about the COVID shots — will that make it easier or harder to get a shot?

A: The vaccine advisory group is scheduled to meet Sept. 18-19 and is expected to issue specific recommendations for who should receive the shots, which then need to be accepted by the CDC director. The recommendations have several important effects, including allowing pharmacists in more states to administer the vaccines and making them available for free through the federal Vaccines for Children Program. So the shots could become more easily available after the recommendations — or less so — depending on what the committee recommends and what the CDC director accepts.



This story originally appeared on NPR

‘Catfish’ Star Nev Schulman Has a New Job in Real Estate

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The median age of all real estate agents who belong to the National Association of Realtors is 60, making the profession a top choice for entrepreneurs of a certain age who want to start a second (or third) career. It’s also a top choice for working parents who want to set their own hours. And now, even MTV stars want in on the action.

“Catfish” host Nev Schulman, 40, told People this week that he has started a new career in real estate. The television host and podcaster has joined the firm Coldwell Banker Warburg.

Related: I Risked Everything to Build My Company. Four Years Later, Here’s What I’ve Learned About Building Real, Lasting Success

In a press release announcing the news, the agency said that Schulman’s time on “Catfish,” which helped people discover who they were really talking to online, will help his clients with the “trust-building and problem-solving skills” needed to make a deal in New York’s complex housing market.

Nev Schulman during the Juventus Podcast Stories of Strength At Juventus Creator Lab on October 08, 2024, in Turin, Italy. (Photo by Diego Puletto/Juventus/Juventus FC via Getty Images)

“Hosting Catfish taught me how to listen deeply, build trust quickly, and help people navigate some of the most emotional decisions of their lives,” Schulman said. “Real estate in New York is no different — you need empathy, patience, and the ability to see through the noise to find the right home.”

Although most people know Schulman from his time on television, including a stint on “Dancing With the Stars” in 2020, he’s now a father of three who’s hoping to step into his father’s footsteps — Robert Schulman is a broker at the same firm, and a “top producer” for the last 15 years.

Related: These Are the Highest-Paying Jobs for Older Adults (With the Least Physical Labor), According to a New Report

“After watching my father dedicate more than 50 years to this business, it feels meaningful to follow in his footsteps and join Coldwell Banker Warburg,” Schulman said.

If he ever gets the television itch, though, there are a slew of real estate programs on Netflix and Bravo to choose from. Just ask the Altman brothers or Barbara Corcoran.



This story originally appeared on Entrepreneur

Over 10K posts tie Charlie Kirk’s murder to Israel as conspiracy theories explode online: ADL report

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Antisemitic conspiracy theories have exploded on social media in the aftermath of Charlie Kirk’s killing — with thousands of posts blaming the assassination on Israel, according to an Anti-Defamation League report on Friday.

Since the 31-year-old conservative activist’s brutal killing on Wednesday, there have been over 10,000 posts on X alone linking it to Israel, the report said.

Kirk — co-founder of Turning Point USA, a conservative organization — became a major political figure for young, conservative men and an outspoken supporter of Israel, frequently speaking of his “love” for the nation and defending its actions in Gaza.

Charlie Kirk speaking at a Utah Valley University event just before he was fatally shot. via REUTERS

After he was fatally shot during a Turning Point event at a university in Utah, Israeli Prime Minister Benjamin Netanyahu mourned Kirk as a “lion-hearted friend of Israel.”

But video clips of Kirk lamenting intense backlash he faced over any questioning of the Israeli government have gained traction online in the days since his death.

In some clips, Kirk dismisses accusations of antisemitism against him, including for his support of the “replacement theory,” a conspiracy theory that suggests Jews are trying to replace white Americans with nonwhite immigrants.

Within hours of Kirk’s murder, “antisemites and promoters of false narratives seized the moment to attribute the incident to Israel or to blame Jews generally — a common example of how bad actors take advantage of breaking news events and tragedies,” the ADL said.

Paul Miller is a member of the Goyim Defense League, a white supremacist and antisemitic organization, according to the ADL. X/jokerwaffenfren

Jackson Hinkle, a 25-year-old known for amplifying pro-Putin propaganda, wrote in an incendiary post on Wednesday that Kirk “used to be an Israel loyalist … He feared ‘Israel would kill him’ … He started *mildly* criticizing Israel.”

“Something tells me they’re not going to tell us the truth about who killed Charlie Kirk.”

It has since racked up over 10 million views and more than 200,000 likes.

The crowd reacts after Charlie Kirk is shot at the Turning Point event in Utah. AP

Several posts suggested Israel or Jewish organizations orchestrated Kirk’s murder because he had allegedly become more critical of Israel.

Some of these cited a post on X from Aug. 13 with over 10 million views that alleged Kirk “thinks Israel will kill him if he turns against them.”

That post, made by Harrison Smith, an InfoWars host, did not cite any named sources.

Others have pointed to Kirk’s platforming of Dave Smith, a comedian and commentator who is highly critical of Israel. 

Jackson Hinkle is a 25-year-old known for amplifying pro-Putin propaganda. X/jacksonhinklle

In July, Kirk moderated a debate between Smith and Josh Hammer, a pro-Israel conservative and senior editor at Newsweek, about Israel at a Turning Point USA summit.

Several posts have suggested that Israel colluded with the US government to have Kirk assassinated with the goal of fueling biases against Muslim people. Other posts noted the fact that the shooting occurred just one day before the anniversary of the September 11 terror attacks.

Antisemitic conspiracy theories typically emerge after high-profile tragedies, and the threat against the Jewish community is unprecedentedly high, the ADL said.

In May, a firebombing attack in Boulder, Colo., left at least seven people injured. The following month, a young couple was murdered outside the Capital Jewish Museum in Washington, DC. 

Kirk co-founded Turning Point USA in 2012. via REUTERS

Many of the antisemitic posts remained on X as of publishing on Friday. 

X and a lawyer for Elon Musk, its billionaire owner, did not immediately respond to The Post’s requests for comment.

Several social media platforms — led by Musk — have rolled back their content moderation policies, especially those around hate speech, arguing that the restrictions violate free speech rights.

In a post on the platform, X said Wednesday that it “will continue to stand against violence and censorship, ensuring this platform amplifies truth and open dialogue for everyone.”



This story originally appeared on NYPost

Charlie Kirk’s Christian faith made him evil’s target

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I was driving the carpool when I learned that Charlie Kirk had been murdered.

I had to pull over. And I wept as a carful of boys sat in stunned silence. 

It’s been a tumultuous few weeks for American Catholics.

Kirk was a committed man of Christ whose witness was unrivaled among America’s youth.

He wasn’t Catholic, but he spoke of Mary as the “the solution to toxic feminism” and has been photographed attending Mass with his wife Erika. 

His death came just days after Pope Leo canonized two young men who were also tremendous public witnesses for Christ, Saints Pier Giorgio Frassati and Carlo Acutis, the first saint of the Millennial generation.

Tens of thousands of young people joyfully witnessed the event in St. Peter’s Square.

And that came just 10 days after two Catholic schoolchildren were shot and killed during their back-to-school Mass in Minneapolis. 

It’s the agony and the ecstasy. 

The school shooter was mentally deranged, and Kirk’s killer may turn out to be too.

But that doesn’t change the reality that Catholics and Christians more broadly feel under siege.

The Family Research Council has recorded more than 500 attacks on Catholic parishes since 2020, and more than 400 on Christian houses of worship last year alone. (Jewish organizations in the US must spend a staggering $765 million a year on security.)

My children’s Catholic school now has constant police presence, and a police officer stands watch outside our Sunday Mass. This is our new reality. 

So Kirk’s death feels personal. Who will ever forget the image of Erika Kirk being driven to meet his casket, crying as she displayed his cross necklace and the religious medal he wore when he was murdered in cold blood.

She didn’t need words. We know what she meant: “This is who Charlie Kirk was. Remember him this way.”

But he already told us that himself. As a man of the social media era, almost everything he ever said can be pulled up with a click.

A podcaster once asked Kirk how he would want to be remembered.

“If I die?” he responded, surprised. 

Then, unflinchingly: “I want to be remembered for courage for my faith. That would be the most important thing.”

Nothing more. No virtue signaling. Just courage in faith. 

“I am nothing without Jesus,” Kirk told Russell Brand on his show.

Days before his murder he tweeted, “Jesus defeated death so that you may live.”

He quoted Corinthians minutes before he was shot. 

Kirk amassed a massive following in large part because of his ability to spar on college campuses and debate with civil but devastating skill.

But he built that following on the foundation of his message about the importance of faith and family.

That message grew louder and louder over the years and became his dominant theme toward the end of his short life. 

A few months ago, Laura Ingraham asked him about success as a speaker and political influencer,

“Having children is more important than having a great career,” he replied.

“I have an amazingly blessed career. Our podcast is doing great. But . . . my kids matter way more than how many social media followers I have.” 

Those are Christian values, not the values of today’s society.

Maybe that’s starting to change: A recent poll of Gen Z Americans found that young male Trump voters ranked marriage, children and “being spiritually grounded” high on their lists of life goals — while others put those priorities at the bottom. 

Kirk went into the academy, the modern-day lion’s den, and engaged with those people, touching their souls and perhaps changing their minds.

He boldly spoke the truth about the dignity of the human person, especially the unborn, about marriage, about gender.

And it cost him his life.

To Christians, his loss registers as a personal attack on one of our own who died defending what we believe. 

The setting of his death conjured Nero’s Rome. Encircled in the arena, speaking with Christian civility until his very last breath.

The brutal execution. And then the heartless and outright cruel response from so many.

It’s all too familiar for Christians — and there is simply no doubt it will be the inspiration for countless young men and women to live their faith boldly. 

In 2013, Kirk tweeted: “Good men must die. But death can’t kill their names.” 

The Christian’s only consolation in moments such as these is that while this world will fade away, the soul does not.

May the Lord receive Charlie Kirk’s. His name, and his witness, lives with us.  

Ashley McGuire is a senior fellow with The Catholic Association and co-host of the nationally syndicated radio show “Conversations with Consequences.” 



This story originally appeared on NYPost

Here’s how to start buying shares with £5 a day

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Image source: Getty Images

With only a few pounds to spare each day, getting into the stock market may not be everyone’s priority. But one of the attractions can be that, while a coffee or pint once consumed is gone forever, money invested in shares could potentially still be building wealth decades from now. Believe it or not, a fiver a day is enough money to start buying shares.

In a year, that would add up to over £1,800 to invest. Here are some things to consider when thinking about doing just that.

Good investing principles count, whatever the amount

It may be surprising, but a lot of what applies when investing millions of pounds at once is also relevant when dealing with much, much smaller sums.

For example, when people start buying shares they sometimes put money into something they do not understand, just because its price has been going up regularly. I see that as speculating, not investing.

To me, investing is about carefully researching familiar companies and putting money into them when they look cheap relative to their long-term prospects. To do that, it helps to have a handle on basic but important concepts such as how to value shares.

One way in which investing small amounts can be different to bigger sums is minimising costs and fees. Some have a minimum amount, so can take a proportionately bigger chunk out of modest-sized investments than large ones.

So before starting to buy shares, it is important to weigh up the different options when it comes to share-dealing accounts, Stocks and Shares ISAs and share-dealing apps.

Building a shares portfolio from scratch

Another important principle of investing, at any level, is diversifying across different companies. With over £1,800 a year to invest, someone tucking away a fiver a day could comfortably do that.

When setting up a share portfolio, I find it helpful to think about objectives. For example, some investors want to focus on earning passive income through dividends, others are focused on growth and some want to target both.

One mistake people sometimes make when they start buying shares (and in some cases long beyond) is trading too often. That typically involves fees and commissions each time. Long-term investment built on a ‘buy and hold’ strategy can reduce such fees, allowing investors time for a company to prove its worth.

One to watch?

As an example, one share I am holding with a long-term perspective is Logistics Development Group (LSE: LDG). Its shares sell for pennies, but that alone does not necessarily make them good value. As I said, getting to grips with valuation is important before starting buying shares!

In this case though, I think the share is good value, which is why I have added it to my portfolio. It trades for under 15p but last month the company’s net asset value per share was over 26p.

It owns stakes in a number of private companies. They can be hard to sell, so a net asset value is not the same as cash in the bank.

Still, Logistics Development Group has proven its ability to create shareholder value and I am excited by its recent investment in the UK’s largest independent parcel delivery network. I see it as a share for investors to consider.



This story originally appeared on Motley Fool

YouTube, Reddit, and Instagram are tech giants—but some of their founders cashed out early

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To sell or not to sell.

That’s the major dilemma founders around the world face: Once they’ve started to get big enough to attract the attention of buyers, they face the decision of whether to cash out now, or use the compliment as fuel to go even bigger.

While it may seem like a no-brainer to say yes to an acquisition to the tune of millions—or even billions—it can be hard to later rest easy thinking about how much more you could have made independently. 

There may be no better recent case study than Mark Zuckerberg. In 2006, he received massive offers—$750 million from Viacom and $900 million from Yahoo—to buy out Facebook. But, as a 22-year-old, he was bullish that he still had plenty of runway left.

“We’re focused on building the company for the long term,” Zuckerberg said at the time. Today, the social platform now known as Meta is worth just over $1.9 trillion—a 2,100x increase over two decades. And Zuckerberg’s own wealth has ballooned to over $260 billion, according to the Bloomberg Billionaire Index.

Years later, Facebook began to make its own acquisitions; notably offering to buy Snapchat for $3 billion in 2013. But, Snap founder Evan Spiegel resisted, and today, the photo social platform is worth $12 billion.

Of course, in both of these instances, the founders are now members of the ultrawealthy and made far more by waiting versus selling out early. However, this isn’t the reality for everyone. 

YouTube: from $1.65 billion sale to $550 billion global platform

When YouTube’s first-ever video—”Meet me at the zoo”—went live in 2005, no one could have expected that the video platform would explode onto the internet.

The growth was so substantial that just over a year after founding, cofounders Chad Hurley, Steven Chen and Jawed Karim decided that Google’s $1.65 billion offer was too good to resist

“This is great,” Hurley said in a video posted when the sale was in fall 2006. “Two kings have gotten together. The king of search, the king of video have gotten together. We’re going to have it our way.”

Hurley, YouTube’s then-CEO, received shares worth about $345 million by the time the Securities and Exchange Commission documents were released a few months later, according to The New York Times. Chen, YouTube’s then-CTO, received about $326 million in shares; and Jawed Karim, who left the venture early to go back to school, got $64 million.

While the sale made them financially secure for life and cemented their status as tech pioneers, it was just a fraction of the $550 billion that YouTube is valued at today, a 333x increase (unadjusted for inflation). For Hurley and Chen, their current slice could be worth some $100 billion each.

Reddit: From Waffle House to eventual IPO

After walking out of his LSAT exam 20 minutes in and heading to a Waffle House, Alexis Ohanian decided he wanted to become an entrepreneur. And after meeting Steve Huffman as students at the University of Virginia and later joining forces with Aaron Schwartz, the foundations for Reddit were created in 2005.

Within a year and a half, the social platform exploded to over 70,000 daily unique visitors, and buyers came knocking. But instead of holding out, the cofounders, who were in their early 20s, couldn’t resist the $10 million offer from Conde Nast. Plus, Ohanian’s life was a bit in shambles: his girlfriend at the time was in a coma, his dog died, and his mom was diagnosed with terminal brain cancer.

“As a first-time CEO fresh out of college, you’re feeling invulnerable, feeling really good about building this business,” Ohanian told Wired last month. “And then all of these things happen. And in particular when my mom was diagnosed, it really framed mortality for me in a new way.”

Flash forward to today, Reddit is now worth over $45 billion after going public earlier this year. The founders could be sharing a pie over 4,500x the size of the original sale. In fact, Ohanian would even surpass his wife, Serena Williams, with her $350 million net worth.  

Instagram: The photo app that Facebook grew by 100x

Instagram exploded on the social media stage in late 2010, with 1 million users registering within just two months of its creation, and buyers soon started expressing interest in the photo-sharing app.

In April 2012, Facebook announced it was purchasing Instagram for about $1 billion in cash and stock. It left cofounder Kevin Systrom, then 28, with about $400 million and Mike Krieger, then 25, with about $100 million; the rest was divided between investors and Instagram’s 11 other employees.

And while the payday was substantial, it was not as rewarding for the cofounders as they anticipated.

“I think the biggest lesson … coming into a fair amount of money pretty quickly, was that money itself is no end. It doesn’t make you happy. It doesn’t solve health problems. It can help in those things,” Systrom said at SXSW in 2019.

The cofounders decided to sell in part because Zuckerberg allowed them to stay at Instagram; Systrom remained as CEO and Krieger CTO until 2018. However, it also gave them a first-hand view into the wealth they could have made alone, with the photo-app soaring to a $100 billion valuation. Today, it is worth about $114 billion, according to Kantar—meaning each of the cofounders’ net worths would be well into the multi-billions.

Krieger now serves AI firm Anthropic’s product chief, whereas Systrom has not updated his LinkedIn after serving as CEO of Artifact, an AI-driven news aggregation platform the duo founded after leaving Facebook. Artifact was purchased by Yahoo in 2024 for an undisclosed amount.

The founder dilemma

There’s no question that in each of these cases, the acquisition had a positive impact on each company’s overall success. And while the founders of YouTube, Reddit, or Instagram may have missed out on billions more in wealth (Systrom, for example, has billionaire status today), their early sell provided security, resources, and freedom that they otherwise might have never received. 

It remains a nearly impossible game to predict if the startups could have scaled on par without their new corporate parent. But ultimately, these examples underscore just how the decision to sell can be one of the toughest—and most impactful—an entrepreneur may ever make.

Did you sell your company early, or did one major decision completely change the course of your career?Email your story to preston.fore@fortune.com.



This story originally appeared on Fortune

Lori Harvey Stuns In Sleek Spanx Outfit During Sun-Drenched ‘Hot Girl Walk’

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Instagram/@loriharvey

Lori Harvey set the aircraft for her latest Spanx partnership in a gorgeous new social media post. The model and entrepreneur dropped a sunny picture of her walking against the grain in a sleek black athleisure set, with formulation so sparse it amounted to “Hot girl walks in my OnForm set from @spanx #spanxpartner.” Just beautiful in conception-making in nature for fitness-fashion inspiration.

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Glamorous and wonderful in view, Harvey kept her walk sunny on the pavement, with lush greenery and impeccably manicured hedges on either side. This was her fitted long-sleeve top and matching leggings from the Spanx collection, oversized heavy black sunglasses to go with it, and hair pulled back into a sleek bun. The California sunshine, shining its glory on it, surely put tons of vigor and life into the word “hot girl walk,” as it would be called in social media land.

The post went viral with tons of comments praising her outfit and confident charm. “Those sausage lips…crazing baby!” said one playful comment in Portuguese. Literally translated, it was an emphasis on Harvey’s features that really make her look her signature way.

“In poetic verse promoting,” began another admirer, “Your mind is a reservoir of potential; your heart an ocean of strength; your soul a well of talents; and your body a vessel of power.” The poetic rebellion in contrast to the casual responses drives the statement that Harvey’s content is capable of resonating with her audience in more than one way.

Comments were expressed about the partnership with Spanx. One commenter wanted Spanx to create an entire line with Harvey, stating, “Cutie. @spanx Come get my Spanx copyright and build her a line. She looks good in Spanx.” This comment expresses how well her aesthetic fits into the shapewear brand’s profile.

Support rained down from every corner, with a feedback from Australia of, “Looking cool as usual. Walk of prowess Lori. Hundred across the board. Keep the laudable efforts going in 2025 n future. From your supporter in Sydney.” With such a far-reaching audience worldwide, it sets and proves Harvey is much more than just American fashion.

Harvey, with her stylistic flair, businesses, and high-profile relationships, has amassed a loyal following. Another win for the stepdaughter of Steve Harvey is this gorgeous Spanx collaboration.

Transforming itself, “hot girl walk” has now become a cultural movement empowering a healthy lifestyle. This feels like pretty-natural-place-endorsement synergy, where Harvey showcases Spanx, trending them at once with a “hot girl walk” fitness routine. With her ability to merge fitness, fashion, and business, the foundation of her budding fame in the entertainment-lifestyle circuit is in place.

Backing the brand campaigns and the entrepreneurial undertakings as they come, get posts like this that prove she is an expert in marketing fodder that aligns two things: an expression of her life and a very consciously directed goal. Lori Harvey marketing makes great use of near-impossible product placement paired with real-life content.

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Lori Harvey’s latest is that chic mix of fashion, fitness, and brand collaboration, with a dollop of coolness befitting the ultrastylish brand attitude.



This story originally appeared on Celebrityinsider

Here’s what Warren Buffett says is “the worst sort of business” for investors

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Image source: Getty Images

In his 2007 letter to Berkshire Hathaway shareholders, Warren Buffett said: “The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money.”

I think investors can learn a lot from this one simple insight.

Growth at all costs

In general, a business with the potential to grow over time is a good thing for investors. But investors need to pay attention to what’s involved in achieving that growth.

A lot of the time, growth involves heavy investment in equipment or machinery. And this requires the company to commit cash that could otherwise have been returned to shareholders. By itself, this isn’t a problem. But it’s important to make sure that the projects the business is putting money into are ones that can generate a decent return on the invested capital.

Other things being equal, a firm that grows its profits by £1bn by investing £6bn is better than one that needs £12bn to achieve the same growth. Obvious, I know, but it’s crucially important. The former company can return £6bn to investors as dividends in a way the second company can’t. And this is what Buffett means by requiring significant capital.

A firm that invests heavily at low rates of return is what Buffett calls the worst type of business. In this situation, investors would be better off with the cash as dividends.

A FTSE 100 example

Since 2015, BT‘s (LSE:BT.A) generated £22.15bn in net income, of which it has returned just under 44% to shareholders as dividends. That means it has retained around £12.4bn.

Despite this, the firm’s operating income has fallen from £3.78bn to £3.44bn. And a higher share count means things aren’t better in per share terms despite recent buybacks.

BT’s problem is that its Openreach business has a lot of expensive infrastructure to maintain. And in an inflationary environment, this can require a lot of cash. Furthermore, the company’s ability to pass on the effect of higher costs is limited by Ofcom. That’s why I don’t much like the stock from an investment perspective.

There are however, some reasons for optimism. The UK’s currently moving to fibre infrastructure from copper and this should mean lower costs and higher returns for BT.

Returns on copper investments are highly regulated, but Openreach does have pricing power when it comes to high-speed fibre products. And this could be a game-changer.

I’m avoiding it

Businesses with high capital requirements aren’t always bad investments. Buffett’s investments in rail and energy subsidiaries come under this category. Importantly though, Berkshire earns a good return on its investments in those operations. But this doesn’t seem to have been the case with BT in recent times.

The move to fibre could change things. But the firm’s retained the majority of its net income and with no real growth, investors might well have preferred a cash dividend to invest elsewhere.

In general, Buffett’s preference for companies that grow without high capital requirements is worth paying attention to. And that’s why BT isn’t on my buy list.



This story originally appeared on Motley Fool

Charlie Kirk’s widow pays tribute to ‘perfect’ husband and says her cries ‘will echo around the world’ | World News

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Erika Kirk, the widow of conservative activist Charlie Kirk, described him as a “perfect” husband and father, and said the “evildoers” who assassinated him have no idea what they have unleashed.

“You have no idea of the fire that you have ignited within this wife, the cries of this widow will echo around the world like a battle cry,” she said on Friday in her first public remarks since the assassination.

“If you thought that my husband’s mission was powerful before, you have no idea, you have no idea what you just have unleashed across this entire country and this world, you have no idea.”

Image:
Erika Kirk speaks following her husband’s assassination. Pic: Turning Point USA

Mrs Kirk addressed the public after a silent prayer from the studio where her husband recorded his podcast.

She thanked President Donald Trump and vice president JD Vance and his “phenomenal” wife, Usha, for the support, and praised the emergency teams who tried to save her husband’s life.

“Charlie said if he ever ran for office, his top priority would be to revive the American family. That was his priority,” Mrs Kirk said.

“But most of all, Charlie loved his children. And he loved me. With all his heart. And he made sure I knew that every day,” she said.

She called him a “perfect” father and husband, as she held back tears. She also talked about some of his favourite hobbies.

Read more:
Charlie Kirk suspect arrested after tip-off from father
All we know about the suspect

Vice president JD Vance, his wife Usha, and Erika Kirk exit Air Force Two together. Pic: Reuters
Image:
Vice president JD Vance, his wife Usha, and Erika Kirk exit Air Force Two together. Pic: Reuters

Mrs Kirk said the campus tour that his organisation, Turning Point USA, had started will continue – and urged young people to join her late husband’s political movement.

“I promise I will never let your legacy die,” she said, addressing her husband, vowing to make his movement the “biggest thing this nation has ever seen”.

Mrs Kirk says she doesn’t remember the last time she slept, and shared a story about their daughter when she ran into her arms and asked: “Where’s daddy?”

“What do you tell a three-year-old?”

Mrs Kirk finished her remarks, speaking directly to her husband: “I can’t wait to see you again one day.”

“God bless you all, and may God bless America,” she said as she wrapped up her speech.



This story originally appeared on Skynews

Authorities have identified and arrested the man they say killed Charlie Kirk : NPR

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President Trump announced that the man who authorities say shot and killed conservative activist Charlie Kirk has been arrested. Investigators identified him as 22-year-old Tyler Robinson.



MARY LOUISE KELLY, HOST:

This morning, President Trump went on “Fox & Friends” and announced an arrest had been made in the assassination of conservative activist Charlie Kirk. Investigators in Utah identified a 22-year-old man, Tyler Robinson, and they say they believe he acted alone in killing Kirk. The arrest follows a two-day manhunt in Utah, where Kirk was killed while speaking at a public event in the campus of Utah Valley University in Orem. For the latest on the case, we are joined by NPR’s Bobby Allyn, one of our team who is in Orem. Hi, Bobby.

BOBBY ALLYN, BYLINE: Hey, Mary Louise.

KELLY: Tell me a bit more about what we know about this suspect.

ALLYN: Yeah. He doesn’t have a criminal history. Public records show that he doesn’t seem to be affiliated with any political party. He was a really bright student in high school. He even earned a scholarship to attend Utah State University – that’s just north of here, in Logan – but he dropped out after one semester. The university says that was back in 2021.

More recently, Mary Louise, Robinson’s family noted that he’s become more politically active, which is a really crucial point, since authorities are calling Charlie Kirk’s killing a political assassination.

KELLY: How did they find him?

ALLYN: Well, last night, Utah Governor Spencer Cox and FBI director Kash Patel released new video footage of Robinson jumping off a campus roof after Kirk was shot, and officials pleaded with the public to help identify and locate him. And soon after, authorities say a family member of Robinson’s reached out to law enforcement. Robinson apparently confessed to shooting Kirk to this family member.

At the press conference, Cox shared an anecdote from Robinson’s family that suggests he had been thinking about Charlie Kirk’s upcoming event at Utah Valley University well before the killing.

(SOUNDBITE OF ARCHIVED RECORDING)

SPENCER COX: The family member referenced a recent incident in which Robinson came to dinner prior to September 10, and in the conversation with another family member, Robinson mentioned Charlie Kirk was coming to UVU. They talked about why they didn’t like him and the viewpoints that he had.

ALLYN: Now, they didn’t specify which viewpoints, but investigators recovered unused bullet casings with phrasings engraved on them, including, quote, “hey, fascist. Catch.”

KELLY: OK, so a number of details as we start to piece together what may have happened. Have we gotten any word yet, Bobby, about possible charges?

ALLYN: Well, Robinson is currently being held in a county jail here in Utah on suspicion of aggravated murder and gun charges. State and federal officials have vowed to seek the death penalty against Robinson, but so far, Mary Louise, we have yet to see any charges from state or federal authorities.

KELLY: Bobby, we’ve got a minute left, but I do want to broaden this out because this, of course, has renewed debate about political violence in the country. Did officials there in Utah address that?

ALLYN: Yeah. You know, Governor Spencer Cox, when he was done describing how law enforcement found Robinson – he did something really remarkable. He took a step back and really reflected on the moment. He, like many right now, really worry that Kirk’s death could chill speech and make people afraid to air their views in large public settings. And Cox said, ending political violence needs to be a very high priority, no matter how heated or divided this country becomes.

(SOUNDBITE OF ARCHIVED RECORDING)

COX: We will never be able to solve all the other problems, including the violence problems that people are worried about, if we can’t have a clash of ideas safely and securely. Even – especially, especially those ideas with which you disagree.

ALLYN: He said, this political moment can be full of rage, but that hard political conversation should never turn into an attack.

KELLY: All right. Thank you, Bobby.

ALLYN: Thanks, Mary Louise.

KELLY: That’s NPR’s Bobby Allyn on the campus of Utah Valley University in Orem, Utah. It’s NPR News.

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