Asian Markets Closing Report

Search This Blog

Translate

Search Tool




Jul 31, 2018

Coles backs down on banning free plastic bags | Business I The Guardian Today

theguardian.com

Coles backs down on banning free plastic bags | Business

Naaman Zhou


Coles has reversed its decision to stop providing free plastic bags to shoppers, saying some need more time to adjust to the switch to reusable bags.
The supermarket banned single-use plastic bags on 1 July and told customers they would have to pay 15c for thicker, reusable bags. But then it began handing out the thicker bags for free in New South Wales, Victoria, Queensland and Western Australia as it gave customers time to adjust.

It was meant to stop providing its reusable Better Bags for free on 1 August but has now gone back on that decision and appears set to provide them indefinitely. The thinner, single-use bags at Coles remain unavailable.
Greenpeace criticised the decision as irresponsible and disappointing, saying that Coles is perpetuating the problem of plastic waste by providing free bags.
“They talked the talk but haven’t walked the walk,” said a spokeswoman, Zoe Dean.
“It’s interesting because the ban on single-use bags came as a result of pressure from customers and people calling for companies to take responsibility and stop using plastic bags.
“While a minority of people are struggling to cope, we know it’s just a matter of time for people to adapt to the change.”

Plastic bag ban: What are the alternatives? – video
Craig Reucassel, host of the ABC’s War on Waste, said the decision was “insane”.
“The only good part of [the ban] was the 15c charge, which would change people’s behaviour over time. Without it, you have only brought in thicker plastic bags.”
Craig Reucassel (@craigreucassel)
This is insane ⁦⁦⁦@Coles⁩ The only good part of this was the 15c charge, which would change people’s behavior over time. Without it you have ONLY brought in thicker plastic bags. https://t.co/rymIrubqpB
July 31, 2018
Many shoppers and environmental groups pointed out that the thicker bag was more harmful to the environment and harder to break down.
Jeff Angel, the director of Total Environment Centre, said the decision would increase plastic pollution.
“These slightly thicker bags are just as bad for the environment and will be sent to landfill and littered in dangerous numbers,” he said. “Clearly Coles has a very weak environmental ethic and is oversensitive to a few complaints.”
Benjamin Law (@mrbenjaminlaw)
To recap: @Coles has gone from giving out endless free flimsy plastic bags to giving out ENDLESS FREE STURDY INDESTRUCTIBLE PLASTIC BAGS this is a fuckin' disaster honestly.
July 31, 2018
Dee Madigan (@deemadigan)
This is a bad decision by Coles. Campaigns to change behaviour need a carrot and a stick. Remove the stick (e the 15c payment) and you won’t change the behaviour.
July 31, 2018
Queensland Greens (@QldGreens)
Is it really that hard to bring a reusable bag to the supermarket? #Coles https://t.co/7UxVBNSoUi
July 31, 2018
The bags will not be given away for free in South Australia, the Northern Territory, the Australian Capital Territory and Tasmania, because those states and territories have already banned lightweight plastic bags entirely.
South Australian shoppers have lived without plastic bags since 2009, those in the NT and ACT since 2011, and in Tasmania since 2013.
Other supermarket chains including Aldi and Harris Farm Market have also banned plastic bags. Aldi have never provided free single-use plastic bags since its expansion to Australia in 2001.
In a statement, a Coles spokeswoman said the free bags “are intended to be an interim measure” but would not give a timeframe.
“We will continue to listen to our customers and our teams members on an ongoing basis to assess when customers have become accustomed to bringing their own bags, and will provide them with as much notice as possible,” the spokeswoman said.
Woolworths has also banned single-use bags but it was unclear whether it would follow Coles by relaxing its policy. It has been contacted for comment.
Australian Associated Press contributed to this report

Keiser Report: Apocalypse is Coming ( E1260)

Market Insider I Stocks making the biggest moves after hours: AAPL, P & more I CNBC

cnbc.com

Stocks making the biggest moves after hours: AAPL, P & more

Amelia Lucas


Apple CEO Tim Cook gestures on stage during an Apple special event in San Francisco, California Getty Images
Apple CEO Tim Cook gestures on stage during an Apple special event in San Francisco, California
Check out the companies making headlines after the bell:
Apple shares rose more than 3 percent during after-hours trading, following a second quarter earnings report that beat Wall Street estimates. The tech giant reported earnings per share of $2.34, beating analysts' expectations of $2.18 per share. It also reported strong numbers for revenue of $53.27 billion, beating Wall Street estimates of $52.34 billion.
Pandora Media shares jumped more than 9 percent during extended-hours trading after a smaller-than-expected loss for its second quarter earnings. The music streaming company posted a loss of 15 cents, a cent better than the 16-cent loss expected by Wall Street. Pandora also beat analysts' revenue estimates, reporting $385 million in revenue versus the $373 million expected.
Cheesecake Factory's stock fell more than 9 percent in after-hours trading following top and bottom line misses for its second quarter results. The restaurant chain reported earnings of 65 cents per share, missing analysts' earnings expectations of 81 cents per share. Cheesecake Factory also missed Wall Street revenue expectations of $594 million in revenue, reporting $593 million in revenue.
Campbell Soup shares are up about 3 percent during extended-hours trading after Dow Jones reported that activist investor Third Point has built a stake in the soup company of more than $300 million. The stake is worth more than 2.5 percent of Campbell's stock, according to the report. Additionally, the Camden, NJ-based company has tapped Deloitte for its previously announced strategic review.

The Washington Post I Evening Edition

Democracy Dies in Darkness
Evening Edition
The day's most important stories
(Bill Hennessy/Reuters)
Defense says Manafort never intentionally deceived the IRS
Paul Manafort, Trump’s ex-campaign chairman, is accused in federal court in Alexandria of failing to pay taxes on millions he made from his work for a Russia-friendly Ukrainian political party, then lying to get loans when the cash stopped coming in.
By Rachel Weiner, Justin Jouvenal, Rosalind S. Helderman and Matt Zapotosky  •  Read more »
Jury consists of 6 men and 6 women
The first trial involving Robert S. Mueller III’s special-counsel team is underway in Virginia.
By Rachel Weiner and Justin Jouvenal  •  Read more »
Six things you need to know about Manafort’s trial
The fraud case against Trump’s onetime campaign chairman is the first trial involving the special counsel probe into Russian interference in the 2016 election.
By Rachel Weiner  •  Read more »
 
The spectacular rise and fall of Paul Manafort
Before he was Donald Trump’s campaign chairman, Paul Manafort was an adviser to a Ukrainian strongman. After what happened in Kiev, he could spend the rest of his life in prison.
By Dalton Bennett, Jon Gerberg and Jesse Mesner-Hage  •  Read more »
Facebook uncovers disinformation operation ahead of midterm elections
The social media company said it couldn’t tie the activity to Russia, which interfered on its platform during the 2016 presidential election. But Facebook said the fake pages and profiles it discovered shared a pattern of behavior with the previous Russian disinformation campaign.
By Elizabeth Dwoskin and Tony Romm  •  Read more »
‘A total joke’: Trump lashes out at Koch brothers after political network slams White House
President Trump’s comments followed a weekend gathering at which top officials affiliated with billionaire Charles Koch sought to distance the network from Trump and his base in the Republican Party.
By Michelle Ye Hee Lee and John Wagner  •  Read more »

Mapping California’s Carr Fire
The fire continues to rage across nearly 100,000 acres in Shasta County. More than 1,000 structures have been destroyed or damaged along the fire’s path. Evacuation orders have begun to lift in some areas, but more than 5,000 structures remain under threat, and thousands of residents are far from their homes.
By Lauren Tierney, Kate Rabinowitz and Aaron Steckelberg  •  Read more »
Trump questions 3-D printable guns — which his own administration just helped make available to public
The president's tweet came just as some state officials filed suit to block distribution of data to make the weapons, which the State Department allowed this summer.
By Meagan Flynn and Deanna Paul  •  Read more »
Trump renews government shutdown threat, says it’s ‘very small price to pay’ for border security
Trump made the threat a day after Senate Majority Leader Mitch McConnell said he was confident Congress could avert a shutdown.
By Felicia Sonmez and Seung Min Kim  •  Read more »
ADVERTISEMENT
Wonkblog | Analysis
The Trump administration’s latest proposed tax cut would be a huge windfall for the richest 1 percent
An analysis from the Wharton School earlier this year found that the move would cut federal revenues by $100 billion over ten years, with over 80 percent of that money going to the top 1 percent of earners.
By Christopher Ingraham  •  Read more »
John Kelly intends to remain as Trump’s chief of staff through 2020 reelection bid
The announcement by the retired four-star Marine Corps general quiets speculation that he was nearing the exits because of tensions with the president.
By Philip Rucker  •  Read more »
 
The man who has seen more U.S. executions than anyone else
As a reporter in Texas, Michael Graczyk has witnessed more than 400 executions over more than three decades. “I plead guilty to longevity and to being in Texas, and certainly Texas does this thing more than anyone else,” he said.
By Mark Berman  •  Read more »
Perspective
How to split the check without the accusations and awkwardness
Now you can go out to eat with your friends — and stay friends.
By Tim Carman  •  Read more »