fashion

Fashion companies have canceled or refused to pay for $16.2 billion of orders during the pandemic, costing textile workers $1.6 billion in wages, a report found



a group of people sitting at a table: Textile workers in Bangladesh K M Asad/Picture Alliance via Getty Image


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Textile workers in Bangladesh K M Asad/Picture Alliance via Getty Image

  • Garment suppliers lost around $16.2 billion in orders from the US and Europe in just three months, a report from workers rights groups said.
  • Brands either canceled orders or delayed payments for existing orders, sometimes indefinitely, the groups found.
  • This led to about $1.6 billion in lost wages for factory workers, the report found.
  • Canceled orders and payments have affected more than one million workers in Bangladesh, the report found. Many were sent home without severance or furlough pay.
  • Visit Business Insider’s homepage for more stories.

Garment factory workers around the world may have collectively lost more than $1.5 billion in wages in just three months thanks to US and European fashion companies canceling or delaying orders, workers’ rights groups have said.

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Brands canceling orders, or failing to pay for existing orders,

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women

As Harris Prepares for Pence Debate, Asian American Women Pay Tribute to Their Immigrant Mothers, Grandmothers

As Democratic nominee Kamala Harris takes the debate stage tonight against Vice President Mike Pence, Asian American Pacific Islanders across the nation are showing support for Harris by tweeting images and the stories of their mothers and grandmothers.

Harris, the daughter of Indian and Jamaican immigrants, made headlines in August after being selected as Democratic nominee Joe Biden’s running mate, making her not only the first Black women to be on a major party’s ticket, but the first Asian American woman, too.

Kamala Harris
Sen. Kamala Harris (D-CA), running mate of Presumptive Democratic presidential nominee former Vice President Joe Biden, attends a coronavirus briefing at a makeshift studio at the Hotel DuPont on August 13, 2020 in Wilmington, Delaware. As Harris takes the debate stage tonight, Asian American Pacific Islanders across the nation are showing support for Harris by tweeting images and the stories of their mothers and grandmothers.
Drew Angerer/Getty

For

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coupon

C-Tracks ETNs linked to the Miller/Howard MLP Fundamental Index, Series B (MLPE) To Pay Quarterly Coupon

The C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental IndexTM, Series B (NYSE Arca: MLPE) will pay a quarterly coupon of $0.3156 per note on October 13, 2020 to holders of record as of the close of business on October 9, 2020. This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.

Based on their closing price on October 5, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 12.30%. The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on October 5, 20201.

The annualized indicated yield is not indicative of future coupon payments, if any, on the ETN. Holders of the ETN are not guaranteed a coupon. Moreover, the

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wedding

These Are the Most Critical Details to Pay Attention to Before Signing Contracts with Four Key Wedding Vendors

Milkos / Getty Images

While some couples think finding their wedding vendors is the most difficult part about planning the big day, it’s actually what comes next that’s the most complicated: signing the contracts. We talked to four different types of big-day professionals to find out what you need to know about each vendor category’s contracts before you enter into a legally binding agreement. Armed with their advice, the contract process should be a lot clearer and more manageable.

Related: Is It a Bad Sign If a Wedding Vendor Won’t Let Me Make Contract Revisions?

The Wedding Venue

When you’re reviewing the contract for your wedding venue, make sure it contains an itemized list of what the property is going to provide for your specific package, including anything you’ve made a verbal agreement about. Will they be providing rentals, or is it your job to bring them in? Does the

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model

Shipt shoppers are organizing a walkout in protest of new pay model

Shipt shoppers are organizing a handful of actions in protest of Shipt’s new pay structure that began rolling out this month.  The first action is happening from Saturday, Oct. 17 through Oct. 19, when workers are calling on their fellow Shipt shoppers to walk out and boycott the company. Organizers are asking for shoppers not to schedule any hours or accept any orders during that time.

“Our goal is to draw attention to the fact that this pay scale really does affect shoppers and regardless of Shipt’s position of it taking into account effort and benefitting shoppers, we are finding it is the opposite on both fronts,” Willy Solis, a Shipt shopper in Dallas and lead organizer at Gig Workers Collective, told TechCrunch. “It’s not holding up to the true reality. We are getting paid less for more effort.”

Shipt shoppers also plan to stage a direct action at Target’s

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coupon

C-Tracks ETNs linked to the Miller/Howard MLP Fundamental Index (MLPC) To Pay Quarterly Coupon

The C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental IndexTM (NYSE Arca: MLPC) will pay a quarterly coupon of $0.2056 per note on October 2, 2020 to holders of record as of the close of business on October 1, 2020. This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.

Based on their closing price on September 25, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 13.15%. The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on September 25, 20201.

The annualized indicated yield is not indicative of future coupon payments, if any, on the ETN. Holders of the ETN are not guaranteed a coupon. Moreover, the annualized indicated yield

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