I’ll tweet to that…
Rumor has it that Twitter is finally, actually, seriously going to do something about sexual harassment and other hideous actions and behaviors that take place on the micro-blogging platform. The new policy changes are aimed at bullies and other highly offensive, odious excuses for human beings. But just what kind of consequences can offenders expect and how quickly can they expect them? Glad you asked. Accounts owned by the offenders will get shut down. Immediately. And forever. Posters of non-consensual nudity, including, “upskirt imagery, creep shots and hidden camera content” are out too. Posters of “hate symbols, violent groups, and tweets that glorifies violence” can also expect some new rules that they will definitely not like. What’s also new and necessary is that Twitter wants to figure out how bystanders get to report abuses. Just don’t expect these changes to happen overnight. In fact, it could be weeks before those policy changes take effect. Besides, Twitter’s still busy being investigated by Congress and testifying about Russia’s Twitter role in the 2016 presidential election. It seems that the 201 profile names Twitter provided to the Senate last week just weren’t enough to convince Senator Warner that Twitter was being sincere in its efforts to cooperate. But perhaps its karma for the way the micro-blogging site suspended actress Rose McGowan after bravely calling out the nefarious actions of the monster we call Harvey Weinstein.
Have you driven a Ford lately?
There’s nothing like a recall to completely mess with your most profitable line of trucks. Ford Motor Co. is now taking a brutal hit over its very popular, number one selling F Series trucks. In fact, the aforementioned truck is the best-selling vehicle in the U.S. Apparently the doors on some 1.3 million F-150’s and Super-Duty trucks are posing a $267 million problem because if they are not fully latched they may not open or seem closed. To be fair, no accidents or injuries related to this particular issue have been reported. Yet, anyway. The recall was inconveniently announced just weeks after Ford’s newly installed CEO unveiled a plan to cut $14 billion worth of costs. Ford plans to officially notify its customers next month but has not yet mentioned when the parts necessary to repair the trucks would be available. But Ford presumably anticipated this particular challenge since it already has some unwanted experience in this dreaded arena, with this latest fiasco bringing its recall total to 5 million vehicles.
As the saying goes, “The road to hell is paved with good intentions.” Which brings us to Chipotle, the beleaguered fast-food chain who apparently pays its employees too much – no, that is not a typo – and because of it is suffering Wall Street’s fiscal wrath. Don’t shoot the messenger here. Analysts at Bank of America Merrill Lynch just downgraded the restaurant chain from neutral to underperform because the amount of money spent on labor needs to be cut. Back in 2006, Chipotle’s average weekly hours were 34.6 for part-time and full-time employees. That was its high point. But in 2016 that number dropped significantly to 21.7. The company already did a lot of scaling back and needs to do more. However, according to analysts, there doesn’t seem to be any decent way to achieve this and still come out on top – and in the green. Shares naturally dropped by about 2% today and are down 12% for the year.