Business News

Southwest Promotes IT Directors Right After Christmas Crisis The

Southwest Promotes IT Directors Right After Christmas Crisis

After a Christmas crisis that saw around 16,700 flights canceled, you’d expect heads to roll at Southwest Airlines, but that’s not the case.

Instead, several company executives — including the vice president in charge of aircraft network planning — will be promoted.

Southwest on Monday announced a quintet of leadership promotions it said are part of structural changes that began last September that “will strengthen our operational execution and better serve our employees and customers.”

The most notable promotion goes to Adam Decaire, SWA’s former vice president of network planning, who is now the company’s senior Veep for network planning and network operations control (NOC).

SWA describes its NOC as “the heart of important operational decisions and coordination,” which includes staff such as dispatchers, meteorologists, crew planners and others who keep its network of aircraft running smoothly…usually.

Southwest said Decaire’s promotion “creates a tighter feedback loop between schedule design and schedule execution while adding resiliency and reliability to the network,” and said he has championed the design and deployment of new network planning technologies and solutions at SWA .

“[Decaire] will continue to provide its extensive knowledge of the airline’s network combined with a unified organization that brings network planning together with the NOC,” Southwest said.

Decaire replaces Andrew Watterson, who was promoted to SWA’s Chief Operating Officer in October. It’s unclear how much involvement Decaire had in alleviating the Christmas mishap, and SWA told us it “would not comment on staffing matters”.

Additional promotions announced today include new leaders in the company’s marketing and customer experience team, culture and communications group, legal department and sales.

No chief optics officer?

While Southwest let us know that the date for yesterday’s announcement was set as early as November, it didn’t seem to pause to consider changing decisions after the lousy Christmas.

COO Watterson blamed outdated scheduling software for the late December glitch that left thousands of passengers stranded for days — something that falls squarely in Decaire’s wheelhouse.

According to the New York Times, Southwest is unique among major airlines because it uses a point-to-point flight schedule model that allows it to fly faster and cheaper routes without a central hub.

It also means that if there is a disruption in the flight plan and planes fail to land at major hubs, there will be no standby ground crews available to fill the gap. With flights canceled and crews unavailable, the disruption tore through Southwest’s flight network, leaving them with only one option to reset: return crews to their original locations and start over.

IT issues were also blamed, with some pilots and crew having to wait hours to reach Southwest operations staff, who were overwhelmed with requests.

Customers stranded in the mess filed a lawsuit in late December, alleging SWA failed to promptly refund tickets and breached its contractual obligations to its passengers.

Southwest pilots say leadership is to blame

It’s unclear what kind of changes Decaire will bring to SWA’s flight schedule, or if he’ll be able to prevent a future mishap without an overhaul so extensive it changes Southwest’s business model.

However, one thing is crystal clear: the Southwest Airlines Pilots Association believes major changes are needed.

“How did we go from being the most stable and profitable airline in history to the largest meltdown in airline history,” asked Tom Nekouei, 2nd vice president of SWAPA, in a blog post. “In our case, it’s three words: lack of leadership,” said Nekouei.

Nekouei said that SWA executives sent many “sweet ‘sorry’ and ‘I love you’ messages, written by the company’s communications department and reviewed by legal counsel, which he says “obscure actual corrective actions, which are absolutely necessary to get out of this graveyard spiral that the so-called executives of our company have put us in.”

System-wide outages at SWA have increased in frequency over the past 15 years, Nekouei said, and “were all the result of conscious operational, human or technical infrastructure investment decisions made at the senior levels of our organization.”

Nekouei said there was no real accountability from decision-makers for the numerous mishaps SWA has suffered over the years, arguing instead that Southwest repeatedly let the same people do the same thing, despite their mistakes.

“Many of us thought that this event might be the final straw rousing Southwest’s board of directors from its fiduciary slumber… It’s clear that Southwest’s management is circling the wagons, as they always have in the past.” , the union VP said.

In an SEC filing last week, Southwest said it expects losses in the fourth quarter, with pretax earnings likely to fall by $725 to $825 and net operating expenses rising on customer compensation efforts. ®

Southwest Promotes IT Directors Right After Christmas Crisis Read More »

Voyager Receives First Approval for 1 Billion Binance Deal Amid

Voyager Receives First Approval for $1 Billion Binance Deal Amid National Security Concerns

Jan 10 (Portal) – Bankrupt crypto lender Voyager Digital on Tuesday received the first court approval for a proposed sale of its $1 billion assets to Binance.US and said it would seek a review of the deal accelerated by US national security.

U.S. Bankruptcy Judge Michael Wiles in New York allowed Voyager to enter into an asset purchase agreement with Binance.US and obtain creditor votes on the sale, which will not become final pending a future court hearing.

Voyager’s attorney, Joshua Sussberg, said during Tuesday’s court hearing that Voyager was responding to concerns raised over the holiday by the US Committee on Foreign Investments in the United States (CFIUS), an interagency body that monitors foreign investment in US -Companies screened for national security risks. He said Voyager intends to address any issues that would cause CFIUS to deny the transaction.

“We are coordinating with Binance and their attorneys to not only handle this investigation, but to voluntarily file a request to move this process forward,” Sussberg said.

CFIUS said in a Dec. 30 court filing that its review “could adversely affect the parties’ ability to complete the transactions, the timing of completion, or any relevant terms.”

The Binance transaction includes a $20 million cash payment and an agreement to transfer Voyager’s customers to the Binance.US crypto exchange, Sussberg said. Customers could then withdraw money for the first time since July.

Voyager estimates that the sale will allow customers to recover 51% of the value of their deposits at the time Voyager filed for bankruptcy.

If CFIUS blocks the transaction, Voyager will be forced to pay customers back with the cryptos they have, resulting in a lower payout for Voyager users, Sussberg said.

Washington is increasingly using CFIUS to discourage Chinese investment in the United States.

Binance is owned by Changpeng Zhao, a Chinese-born Canadian citizen, and has no permanent headquarters. The company was the subject of a money laundering investigation by US prosecutors. Based in Palo Alto, California, Binance.US has said its separate American exchange is “completely independent” from the main platform, Binance.

In addition to CFIUS, the proposed sale of Voyager was also opposed by the US Securities Exchange Commission and state securities regulators. Glenn allowed Voyager to proceed despite these objections and said securities regulators may object to final approval of the sale going forward.

Voyager filed for bankruptcy in July, months after the crash of major crypto tokens TerraUSD and Luna sent shockwaves through the digital asset industry.

Voyager originally planned to sell its assets to FTX Trading, but that deal imploded when FTX went bankrupt in November amid a spate of customer withdrawals and allegations of fraud, leading to the arrest of founder Sam Bankman-Fried.

Reporting by Dietrich Knauth; Edited by David Gregorio and Josie Kao

Our standards: The Trust Principles.

Voyager Receives First Approval for $1 Billion Binance Deal Amid National Security Concerns Read More »

The popularity of liposuction surpasses that of breast augmentation

The popularity of liposuction surpasses that of breast augmentation

More and more men and women are resorting to liposuction to reshape their bodies, so today this cosmetic surgery is more popular than breast augmentation, which is becoming less popular due to the risk of cancer.

At least that’s according to the annual report of the International Society for Aesthetic Plastic Surgery, which lists more than 12.8 million surgical cosmetic procedures and 17.5 million non-surgical cosmetic procedures worldwide in 2021.

According to the data, more than 1.9 million liposuctions were performed last year, a number that has increased by 24.8%. This fat removal now accounts for 14.8% of all cosmetic surgeries worldwide.

“We’ve seen an interesting increase in surgeries related to what’s known as ‘body contouring’, such as: B. liposuction, which is now ranked as the most common procedure, overtaking breast augmentation for the first time in many years,” noted Dr. Gianluca Campiglio, editor of surveys and plastic surgeon in Italy.

In comparison, 13% of surgeries were breast augmentations, relegating this procedure to second place with growth of just 3.8% over a year.

“In contrast, surgeries to remove implants increased by 22.6% (+49.6% over the past four years) and surgeries for breast lifts increased by 31.4% over the past year,” the company noted.

This decline in interest in breast augmentation has been attributed to new discoveries about anaplastic large cell lymphoma, a form of immune system cancer associated with breast implants.

The popularity of liposuction surpasses that of breast augmentation Read More »

World Bank cuts 2023 growth outlook sharply says globe is

World Bank cuts 2023 growth outlook sharply, says globe is ‘dangerously close’ to recession

Why the World Bank cut its global growth prospects

The World Bank lowered its global growth forecasts from mid-2022 on what it said was generally deteriorating economic conditions.

The international development body has downgraded almost all of its forecasts for the world’s advanced economies, lowering its 2023 growth prospects for the global economy to 1.7%, according to its latest Global Economic Prospects report. The organization previously forecast that the global economy will grow by 3% in 2023.

The adjustment was led by a sharp downgrade in the outlook for the US economy – it now forecasts growth of 0.5% versus a previous forecast of 2.4%.

The World Bank cut its 2023 growth forecast for China from 5.2% to 4.3%, Japan from 1.3% to 1% and Europe and Central Asia from 1.5% to 0.1%.

“Global growth has slowed to an extent that the global economy is dangerously close to falling into recession,” the World Bank said, attributing an “unexpectedly rapid and synchronous” tightening in global monetary policy to the sluggish growth.

The downgraded estimates would represent “the third weakest pace of growth in nearly three decades, overshadowed only by the global recessions caused by the pandemic and the global financial crisis.”

Global growth has slowed to such an extent that the world economy is dangerously close to falling into recession.

The World Bank said tighter monetary policies from central banks around the world may have been necessary to tame inflation, but they have “contributed to a significant deterioration in global financial conditions that is significantly slowing economic activity.”

“The United States, the eurozone and China are all experiencing a period of pronounced weakness, and the resulting side effects are compounding other headwinds faced by emerging and developing economies,” it said.

The global finance organization also revised downwards its forecast for 2024, to 2.7% growth from a previous forecast of 3%.

China is “key variable”

A faster-than-expected reopening of China poses great uncertainty for its economic recovery, the World Bank said in its report.

“The economic recovery [in China] may be delayed if reopening leads to larger outbreaks that overwhelm the healthcare sector and erode confidence,” the report said. “There is significant uncertainty about the trajectory of the pandemic and how households, businesses and policymakers in China will respond.”

A pedestrian in the Lujiazui Financial District of Pudong in Shanghai, China, on Tuesday January 3, 2023.

Bloomberg | Bloomberg | Getty Images

World Bank President David Malpass said in CNBC’s Closing Bell on Tuesday that “China is a key variable and there could be an upside for China if they push through Covid as quickly as they seem to be doing it.”

“China is big enough to really boost global demand and supply,” he said.

“One of the questions for the world would be what is it doing most – if it’s primarily putting upward pressure on global demand, then that’s raising commodity prices. But it also means the Fed will rise for an extended period of time. ” he said.

Read more about China from CNBC Pro

World Bank cuts 2023 growth outlook sharply, says globe is ‘dangerously close’ to recession Read More »

Uniqlo owner increases salaries for Japanese workers by up to

Uniqlo owner increases salaries for Japanese workers by up to 40% as inflation bites

Hong Kong CNN —

Fast Retailing, the Japanese giant that owns popular clothing brands Uniqlo and Theory, will start paying its employees a lot more this year.

The company announced on Wednesday that it would increase salaries in Japan by up to 40%, acknowledging that “pay levels” in the country have “remained low” in recent years.

“This includes employees from headquarters and corporate departments responsible for the functions of the company’s global headquarters, as well as employees working in the branches,” the company said in a statement.

The move comes just days after Japanese Prime Minister Fumio Kishida urged business leaders to accelerate wage increases for workers and warned that the economy risks slipping into stagflation if wage increases continue to lag behind inflation stay behind.

Japan is grappling with its biggest decline in living standards in nearly a decade.

Last Friday, the world’s third-largest economy reported its worst fall in real wages in more than eight years, exacerbating conditions for workers already struggling with higher living costs.

In the capital Tokyo, core inflation, which measures items excluding fresh food, rose 4% year on year in December, ahead of the 3.8% expected by economists, according to official figures released on Tuesday.

That was “the highest in 40 years,” analysts at Nomura said in a Wednesday report.

“Inflation in Japan is a factor in our considerations,” a Fast Retailing spokesman told CNN on Wednesday.

But the company is generally more focused on “aligning each employee’s compensation with global standards to increase our competitiveness,” the rep added.

The company will officially adjust its total compensation system in March. Starting salaries for entry-level graduates will increase about 18%, while new store managers could see an increase of about 36%, according to the company.

The retailer has also increased salaries for employees in some of its overseas markets, resulting in pay increases of between 5% and 25%, the spokesman said.

Uniqlo owner increases salaries for Japanese workers by up to 40% as inflation bites Read More »

What to do if your travel destination suddenly becomes worrying

What to do if your travel destination suddenly becomes worrying?

It takes place in the streets of certain regions of Mexico. The Brazilian federal parliament is fired. What options do you have if you no longer want to go to a crisis country?

It depends on the country. Unless it’s categorized as “Avoid All Travel,” you have virtually no option. We’re talking about countries like Somalia, Iraq, Russia, Ukraine… Not exactly holiday destinations.

Take Mexico: Ottawa has labeled it “exercising a high level of caution (with regional cues)” and suggests avoiding non-essential travel to about 15 states, including Sinaloa, where the popular tourist town of Mazatlán (but owned by the review).

This type of notice is not rigorous enough to cancel your departure and call your travel insurance company or the Travel Agency Clients Compensation Fund (FICAV). In other words, if you are in tourist areas, the Canadian government will assume that there is no risk to your safety.

On the other hand, if Ottawa suddenly puts Mexico in the Avoid All Travel category and you are leaving in three days, you can cancel and make a claim with your insurer. However, if you are leaving in two months time you may have to wait until a few days before departure before you can cancel and make a claim. Because the problems that justified this opinion could now be solved.

protection plan

The situation experienced by Quebec tourists in Mexico is one of the vagaries of travel: a travel agent is supposed to inform you about the risks before you leave.

But he can’t imagine going to war against the government of a drug cartel!

On the other hand, I was told at the Consumer Protection Agency that in the case of Mexico, the tour operator or airline has no legal obligation to agree to a cancellation or change of destination. And the fear associated with a tense situation does not justify any right to compensation from the FICAV.

On the other hand, nervous travelers can still purchase a protection plan from their tour operator, which averages about $75 (for a ticket bought three weeks before departure) for a trip that’s not exceptional. You can cancel up to three days before departure (sometimes up to three hours before departure). You will then receive credit for a subsequent trip.

ADVICE

  • It is always preferable to do business with a Quebec based travel agency to benefit from the protection of the FICAV and an emergency number abroad. It is usually no more expensive than buying your own ticket.
  • Most South packages (flight-hotel-transfer) include a cancellation option up to 21 days before departure, with no protection plan. But you lose 50% of the amount you paid. If you cancel 45 days before departure, you will lose your deposit (often around $250 per passenger).
  • Pack light: These days, it’s best to pack only carry-on luggage. Suitcases are sold in the dimensions required by carriers (between $90 and $250).
  • For country reports and valuable tips: travel.gc.ca.
  • Information on the FICAV: opc.gouv.qc.ca/ficav • 1 888 672-2556.

Do you have any information about this story that you would like to share with us?

Do you have a scoop that might be of interest to our readers?

What to do if your travel destination suddenly becomes worrying? Read More »

1673413762 MacKenzie Scott Officially Divorced From Seattle Teacher Dan Jewett 4

MacKenzie Scott Officially Divorced From Seattle Teacher Dan Jewett 4 Months After Billionaire Filed

MacKenzie Scott’s divorce from Seattle schoolteacher Dan Jewett is final, PEOPLE have confirmed.

The 52-year-old, who was previously married to Amazon founder Jeff Bezos, and her now ex-husband finalized the terms of their separation on January 4, according to court documents seen by PEOPLE.

TMZ first reported that the divorce was finalized.

Scott and Jewett have signed a separation agreement involving property and debt sharing, according to documents obtained by PEOPLE. Spousal maintenance was not requested.

Neither party immediately responded to PEOPLE’s requests for comment.

https://www.facebook.com/photo/?fbid=137052221991629&set=a.119473280416190;  LOS ANGELES, CA - JANUARY 6: Chief Executive Officer of Amazon Jeff Bezos (L) and MacKenzie Bezos attend the 7th Annual Sean Penn & Friends HAITI RISING Gala Benefitting Haitian Relief Organization J/P on January 6, 2018 in Hollywood, California.  (Photo by Michael Kovac/Getty Images for the J/P HRO Gala)

https://www.facebook.com/photo/?fbid=137052221991629&set=a.119473280416190; LOS ANGELES, CA – JANUARY 6: Chief Executive Officer of Amazon Jeff Bezos (L) and MacKenzie Bezos attend the 7th Annual Sean Penn & Friends HAITI RISING Gala held at J/P Haitian Relief Organization on January 6, 2018 in Hollywood, California. (Photo by Michael Kovac/Getty Images for the J/P HRO Gala)

Dan Jewett/Facebook; Michael Kovac/Getty

TIED TOGETHER: Inside MacKenzie Scott’s multi-billion dollar divorce from Seattle School teacher Dan Jewett

Scott first met Jewett at her children’s school, according to a previous Washington Post report.

The philanthropist filed for divorce from her second husband in late September 2022, more than a year after the couple’s March 2021 wedding.

Two years earlier, in 2019, Scott and her first husband Bezos announced they were ending their marriage after 25 years. Their divorce was finalized in July of the same year.

Don’t miss a story – subscribe The free daily newsletter from PEOPLE to keep up to date with the best that PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories.

MacKenzie Scott

MacKenzie Scott

Jörg Carstensen/Picture Alliance via Getty MacKenzie Scott

Scott is one of the richest women in the world. She was previously ranked 39th on the Bloomberg Billionaire’s Index but is now ranked 73rd with an estimated net worth of $19.9 billion.

Scott continued to give away much of her fortune during her marriage to Jewett. She donated her Beverly Hills estate worth $55 million to support the nonprofit California Community Foundation last September and another $436 million to Habitat for Humanity in March.

TIED TOGETHER: MacKenzie Scott donates $48 million to Chicago Schools, part of $2 billion in donations announced during the divorce

The philanthropist has also donated $2.7 billion to 286 underfunded organizations fighting wealth inequality and in 2020 gave away $4.2 billion to organizations across the United States that are helping during the COVID-19 pandemic helped the relief.

MacKenzie Scott Officially Divorced From Seattle Teacher Dan Jewett 4 Months After Billionaire Filed Read More »

Sexsomnia not punishable after being sexually assaulted during an episode

Sexsomnia: Not criminally responsible after being sexually assaulted during a sleepwalking episode

A Montreal photographer who sexually assaulted a friend during a “sexsomnia” episode was eventually found not criminally responsible but has been on the sex offender registry for 20 years.

• Also read: Rape of a friend: he calls himself a sexomniac and wants to be acquitted

• Also read: Sexual assault: The accused suffered from sexsomnia, according to a psychiatrist

“He committed sexual assault but was mentally ill,” Judge André Perreault said before delivering his verdict in Yannick Giguère’s case at the Montreal Courthouse on Tuesday.

This case, which the Crown itself described as “rare and unusual”, occurred in July 2018. That day the 46-year-old accused met a friend. They had had several drinks of alcohol before ending up at his home with another woman.

Montreal Courthouse

Photo from Yannick Giguère’s Facebook page

The accused and the victim had slept in the same bed, but during the night Giguère sexually abused them “mechanically”, then went to the toilet and continued to sleep. Confronted with his gestures, Giguère had said he suffered from sexual somnambulism, so much so that he was unaware of his gestures.

An expert and an ex

An ex-spouse had testified in his favor, saying he had experienced “about 15 to 20” episodes of the genre, while an expert testified about the condition and concluded it was “plausible” that the accused was sexomnic.

“It’s a mental disorder when the body wakes up but not the mind,” pleaded Laurence Juillet, defender.

Crown Prosecutor Me Bruno Ménard claimed Giguère lacked credibility and should be found guilty. After a thorough review of the evidence, the judge ruled in favor of non-criminal liability.

Bruno Menard, attorney.

Archive photo

Bruno Menard, attorney.

“It’s a well-founded and well-considered decision, even if it wasn’t what we wanted,” commented Me Ménard.

Sitting in the courtroom, the victim welcomed the decision with satisfaction.

“The sexual assault hasn’t been denied, he can’t get away with it with a slap,” commented Andréanne Slythe, who had the publication ban lifted in her name to show the victims don’t have to hide – they don’t want to.

risk to the public

Ms Slythe now wants to move on. But for Giguère, the case is far from closed. He now faces the Mental Disorder Review Board, which could keep him under their yoke until he no longer poses a threat to the public.

For his part, the judge warned that sex offenders are “ill-advised” to commit crimes by inventing sexual sleepwalking because it is a complex and sophisticated defense that is under scrutiny by the judiciary.

Do you have any information about this story that you would like to share with us?

Do you have a scoop that might be of interest to our readers?

Sexsomnia: Not criminally responsible after being sexually assaulted during a sleepwalking episode Read More »