Tag Archives: crime

‘Organized retail crime’ drove astounding $400 million loss in profits this year

‘Organized retail crime’ drove astounding $400 million loss in profits this year

Target stores are getting looted, and it’s taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022. “There’s a handful of things that can drive shrink in our business and theft is certainly a key driver,” Target CFO Michael Fiddelke said. “We know we’re not alone across retail in seeing a… Source link

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Red states are enacting criminal justice reform at the urging of crime victims

Red states are enacting criminal justice reform at the urging of crime victims

In 2009, Detroit native Aswad Thomas, a former NCAA Division III college basketball standout, was just three weeks away from playing professionally in Europe when gun violence derailed his career and nearly killed him. “I was shot twice in my back,” he told Yahoo News. “That incident changed my life.” Thomas recalled learning from doctors and therapists of the physical challenges he would endure after suffering collapsed lungs and a dislocated shoulder, but said he was never told of… Source link

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Rising crime and the work from home conundrum: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, February 22, 2022 Crime, like working from home, is an economic issue Enough already. If there was ever a pithy slogan or rallying cry suited for a leader in crisis, the above sentence would be perfect for New York City Mayor Eric Adams, and could be applied on at least two fronts: working from home and the Big Apple’s skyrocketing… Source link

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‘Family Guy’ brings back McGruff the Crime Dog

Family Guy took a bite out of the past on Sunday, with its own updated spin on a classic McGruff the Crime Dog commercial, first made popular in the early ’80s. In the episode, titled “Christmas Crime,” Brian the dog found himself in a bit of trouble and while trying to convince Mayor Wild West that he was one of the good guys, Brain claimed that he was briefly McGruff’s sidekick. That’s when the show cut away — in typical Family Guy fashion — to a classic McGruff PSA with Brian… Source link

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Google sues two Russians for alleged organised crime enterprise | Technology News

In a complaint being unsealed Tuesday in the United States District Court for the Southern District of New York, Google names two defendants, Dmitry Starovikov and Alexander Filippov, as well as 15 unnamed individuals. Alphabet Inc.’s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than a million computers and devices around the world, creating “a modern technological and borderless incarnation of organized crime.” In… Source link

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Citing spike in crime, affluent Atlanta district looks to secede from city: ‘It’s a war zone’

Photo illustration: Yahoo News; photos: Getty Images Thanks to a sharp rise in crime in an affluent district in Atlanta, residents have mounted a campaign to secede from the majority Black city. The Buckhead district is known for its luxury high-rise apartments, lavish restaurants and trendy boutique shops, but a spike in robberies, aggravated assault and larceny over the past year has left many in the community dismayed. Saying that Atlanta has abandoned them, they’ve formed the Buckhead… Source link

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Biden’s approval rating falls as both Republicans and Democrats grow more concerned about crime

Rising worries about crime among both Democrats and Republicans are starting to create a drag on President Biden’s approval rating, according to a new Yahoo News/YouGov poll — and could signal larger challenges for the president’s party ahead of the 2022 midterm elections. The survey of 1,592 U.S. adults, which was conducted from June 22 to 24, found that a significant majority (55 percent) now describe “violent crime” as a “very big problem” in the United States — far more… Source link

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SpaceX threatened with arrests as local authorities in Texas warn it may have committed a crime by using private security guards to block public roads

SpaceX has had repeated run-ins with local authorities and residents stemming from its spaceport in Boca Chica, Texas. Loren Elliott/Getty Images Texas officials warned SpaceX it might have committed crimes by closing public roads, KGRW reported. In a letter, Cameron County DA Luis Saenz accused SpaceX of knowingly ignoring previous warnings. Saenz called the conduct “unacceptable” and threatened arrests for future violations. Sign up for the 10 Things in Tech daily newsletter. Local authorities… Source link

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‘Bitcoin is bad for crime,’ says crypto asset manager

The Justice Department was recently able to recover $2.3 million worth of bitcoin (BTC-USD) extorted from Colonial Pipeline, suggesting that digital currency may not always be the best tool for criminals. “It’s not intuitive to a lot of people, but it’s a thing that the public is learning more and more,” Hunter Horsley, cofounder and CEO for Bitwise Asset Management, said about the rise in recovery of stolen cryptocurrency, such as part of the bitcoin ransom paid by Colonial Pipeline to… Source link

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