Chipotle, once considered the king of food chains, has had a bad run due to food safety problems. Looking to turn things around, Chipotle has hired a new CEO, dipping into the Taco Bell pool to find them.
reuters.com reports: Chipotle Mexican Grill Inc (CMG.N) has hired Brian Niccol, known for bringing “Doritos Locos Tacos” and mobile ordering to Taco Bell, as its next chief executive to turnaround the once red-hot burrito chain that has been battered by food safety lapses.
Shares of Denver, Colorado-based Chipotle were up 11.8 percent at $281.03 in extended trading, still less than half their $742 high set in 2015, before sales-crushing E.coli, Salmonella and norovirus outbreaks sickened hundreds of U.S. customers.
Niccol, 43 and head of Yum Brand’s Taco Bell since 2015, on March 5 will replace Chipotle founder Steve Ells, who built the chain on the idea that food could be both healthy and fast but failed to nail the operational prowess needed to guide it through several health scares.
BREAKING: BuzzFeed Turns On Its Own - Sues The DNC!
BuzzFeed is suing the DNC over allegations that the DNC has been unwilling to comply in requests to turn over information related to the Trump dossier.
From Vanity Fair:
Robert Mueller’s investigation into ties between Russia and the Donald Trump campaign maneuvers mostly in secret. But the infamous dossier at the heart of the scandal, which was compiled by ex-British spook Christopher Steele on behalf of an intelligence firm alternately retained by the conservative Web site Washington Free Beacon and members of the Clinton campaign, constantly finds its way to the center of the news.
First there was Monday’s juicy Foreign Policy story revealing that BuzzFeed, which published the dossier in early 2017 and was subsequently sued over it, recently commissioned “a team led by a former top F.B.I. and White House cybersecurity official” to trek all over the world “on a secret mission to verify parts” of the explosive document. Now, BuzzFeed is taking the Democratic National Committee to court in an attempt to compel it to turn over information it believes will bolster its defense against Aleksej Gubarev, a Russian business magnate who says he was libeled in the dossier when it tied him to the Russians’ alleged hacking of the D.N.C.’s e-mail servers. In a nutshell: BuzzFeed believes the D.N.C. has information that could show a link between Gubarev and the e-mail hacking, which would undercut his libel claim. “We’re asking a federal court to force the D.N.C. to follow the law and allow BuzzFeed to fully defend its First Amendment rights,” a BuzzFeed spokesperson wrote in an e-mail.
BuzzFeed’s motion asserts that the D.N.C., citing privacy concerns, has been unwilling to comply with a subpoena for that information. As BuzzFeed’s lawyers argue: “The material requested from the D.N.C.—which amounts only to the digital remnants left by the Russian state operatives who hacked their systems—is highly relevant to Defendants’ ability to establish the truth of the allegedly defamatory claims about them in the Dossier. And the D.N.C. has identified neither privilege nor burden that would prevent them from complying with the Subpoena.” In legal papers, the D.N.C. has argued that disclosing the digital signatures, supposedly left by the Russia-directed hacking organizations known as Cozy Bear and Fancy Bear, would inevitably expose details of the D.N.C.’s information systems, possibly making them more vulnerable to another hack. (A D.N.C. spokeswoman did not immediately have a comment late Tuesday afternoon.)
Read more: (Link: www.vanityfair.com)
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Nightmare Scenario In CA Cities Imminent!
CA cities are finally going to address the elephant in the room, which is skyrocketing pension cost. Pensions costs are expected to jump to 50 percent.
After years of denial, California’s cities are finally waking up to their pension nightmare. Unfortunately, now the crisis is so dire that there are no painless choices left. To keep up with ballooning pension payments, cities soon will have to raise taxes or cut services, or both.
Loudly sounding the alarm, the League of California Cities reported this month that most members expect pension costs to jump by at least 50 percent by 2024-25. Pension payments – now about 11 percent of general fund budgets on average – will eat up about 16 percent by then. That doesn’t include increases in retiree health care costs and other benefits. In extreme cases, the pension burden could lead to more bankruptcy filings like Stockton’s and San Bernardino’s in 2012.
In response, the league is advising cities to consider local tax measures and to negotiate with labor unions to get employees to pay more into their own pensions. That’s easier said than done, of course, especially since local unions are often powerful, well-funded political players.
In Sacramento, for instance, City Hall is negotiating now with the firefighters union on a new contract. The union bankrolled the campaign for Measure U, the half-cent sales tax that voters approved in 2012 to restore public safety services, and likely will also support an expected campaign to renew the tax in November. Mayor Darrell Steinberg is also floating a possible additional half-cent sales tax to help create a fund for economic development, affordable housing and the arts.
Read more @ (Link: www.sacbee.com)