To win that fight is bigger than World Cup victory

When you have the chance to sign two star soccer players from the US Women’s National Team, who happen to be winners of the 2019 Women’s World Cup in France, the decision would seem to be a no-brainer.



Tobin Heath, Christen Press standing on a football field: Tobin Heath and Christen Press of Manchester United warm up prior to a Barclays FA Women's Super League match (Photo by Kate McShane/Getty Images)


© Kate McShane/Getty Images Europe/Getty Images
Tobin Heath and Christen Press of Manchester United warm up prior to a Barclays FA Women’s Super League match (Photo by Kate McShane/Getty Images)

And that’s exactly what Manchester United Women Football Club did in signing midfielder Tobin Heath and forward Christen Press in September.

Now the two Americans are making their presence felt both on and off the pitch, as they tackle a new challenge in the FA Women’s Super League, joining their compatriots Rose Lavelle, Alex Morgan and Samantha Mewis.

“I think that with the amount of great players that have come to England and with the kind of change of sports culture that’s happened with Covid-19, there’s a huge opportunity for women’s football to be put equally to men’s and to be shown on the same channels at the same times and to be given that same respect,” two-time World Cup winner Press told CNN Sport’s Amanda Davies.

“And just as we are pioneers in our sport, because women’s football is very young in comparison, we are pioneers in this global equality that needs to exist and an opportunity that needs to exist for all,” added Heath.

“And I think that’s the message that people want to see. People don’t want to just root for a team anymore. They want to root for something more.”

Off the pitch, both Heath and Press are equally busy. They’re are co-founders of re-Inc — a streetwear fashion brand founded in partnership with fellow USWNT player Megan Rapinoe and former 2015 World Cup winning teammate Meghan Klingenberg.

Press, Heath, and re-Inc also recently teamed up with the American snack company Stacy’s as part of an effort to promote female-founded businesses and gain more public visibility for them.

Fight for equal pay continues

Also very much in the public view is the on-going battle for equal pay, which is a fight neither star is willing to give up on, despite a federal judge dismissing the USWNT players’ lawsuit against the US Soccer Federation in May.

“We talk about it all the time. We will get very little personally from winning the lawsuit. But we do it because it will greatly impact the future within the game,” Press told CNN Sport. “It will create resources for players, hopefully globally. And it sets a precedent that women in all jobs, in all careers, have a stake.”

Press added: “I think that’s one of our strengths as a team in fighting this lawsuit, is that we have strong, powerful women all around us, all the time. And our norm is not the world’s norm. We’re used to seeing women as leaders, as women, as life changers, game changers, world changers. And so that, I think, is our superpower.”

READ: As champions

Is an Outdated Business Model a Bigger Risk Than COVID-19 for AMC Entertainment Stock?

Movie-theater operator AMC Entertainment Holdings (NYSE:AMC) is teetering on the edge of bankruptcy in 2020. The COVID-19 pandemic forced the company to close all of its screens for several months, and the major Hollywood studios are moving most of their expected box-office hits for the year into 2021 and beyond. Some are even choosing to shift long-awaited titles over to digital-streaming services right away, skipping the theaters altogether.

It’s easy to point a finger at the health crisis as the root cause of AMC’s financial trouble, but the real reason behind the company’s impending doom actually started many years ago.

Photo of empty seats in a dark movie theater.

Image source: Getty Images.

Memories of an innovator

Once upon a time, AMC Theatres was an innovative force in the movie industry. The company was first to market with features such as stadium seating, the 20-screen multiplex, armrests with cup holders, and customer loyalty programs. But the creative juices started to ebb in the early 2000s, and the steady flow of viewer-friendly features was replaced by a more static movie-watching experience and rising ticket prices.

Chinese-conglomerate Wanda Group acquired AMC in 2012 for $2.6 billion and remains the company’s controlling shareholder today. AMC entered the public stock market in 2013 and posted some impressive gains in the early going, but they didn’t last long. Share prices collapsed in 2017, and a $10,000 AMC investment in 2013 would be worth just $1,650 today. Ouch.

AMC Chart

AMC data by YCharts.

What went wrong?

Always under pressure from Netflix and other digital-streaming services, AMC’s business took a beating in 2017 when MoviePass introduced a subscription-style solution for cinema fans. AMC eventually introduced its own subscription program after it fought tooth and nail to stave off the unwelcome MoviePass idea.

And that’s the real problem here. AMC stopped trying to push the movie industry forward many years ago, opting instead to fight for its own survival. Ticket sales never took off despite a steady stream of blockbuster titles, so AMC relied on higher prices and splashy acquisitions to keep its top-line growth going. When the company wanted to impress investors, a beefy round of share buybacks could always boost AMC’s bottom-line earnings.

Silhouette of a businessman sitting on his briefcase, apparently in deep thought.

Image source: Getty Images.

Adapt to market changes, don’t try to stop them

AMC saw the industry changing around it, and the company attempted to block that progress rather than change its own business plan. That’s a recipe for disaster. All of this should have been obvious to AMC’s management and board of directors from the start. Instead, the battle for survival continued until the novel coronavirus delivered the fatal blow.

Yes, COVID-19 was bad news for AMC. Sure, the health crisis is putting the final nail in AMC’s coffin. Don’t forget that the company was headed for this endgame anyhow, just a little bit faster than expected.

Forget about stale dinosaurs like AMC, whose battle to defend an obsolete business model always was doomed to fail in the long run. Invest in true innovators like Netflix, which dominated the DVD rental industry

Tesla’s Chinese-made Model 3 is about to play an even bigger role in its global ambitions

Tesla began making cars in China about a year ago to bolster its presence in the world’s largest auto market. Now the country is about to become an even more critical part of its global strategy.



a car parked in a parking lot: Tesla's Chinese-made Model 3 vehicles seen on Monday.


© Wang Xiang/Xinhua/Getty Images
Tesla’s Chinese-made Model 3 vehicles seen on Monday.

The electric automaker will soon start exporting Chinese-made vehicles to Europe, Chinese state-run news outlet Xinhua reported Monday.

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The company wants to start shipping Model 3 sedans from Shanghai as early as next week to Germany, Italy and Switzerland, among other destinations, according to Xinhua.

Tesla did not respond to a request for comment from CNN Business. But Song Gang, director of manufacturing and operations for Tesla’s Shanghai Gigafactory, called the move “an important step in Tesla’s global layout,” according to Xinhua.

“Exporting to Europe means the quality of made-in-China Model 3 sedans has been recognized by the European market,” Xinhua quoted him as saying.

Tesla’s move may be temporary, since the company is already building another plant in Europe. It last year announced plans for a new Gigafactory in Berlin, which is expected to be completed sometime in 2021.

A ‘template for future growth’

Tesla is not the only foreign automaker to lean on Chinese manufacturing to help drive global sales. Other players, such as BMW, also have plans to build and ship Chinese-made vehicles to Europe, noted Tu Le, founder of Beijing-based consulting firm Sino Auto Insights.

CEO Elon Musk has previously called the Shanghai Gigafactory, which first began churning out cars about a year ago, a “template for future growth.”

The company has told shareholders that the facility was about 65% cheaper to build than its Model 3 production plant in the United States. And it is significantly less expensive to build a Model 3 in China than America, said Sofya Bakhta, a marketing strategy analyst at Daxue Consulting, a Chinese research firm.

“Compared with the American version, the production cost of the Chinese Tesla Model 3 has dropped by 20% [to] 28%,” she estimated.

Labor costs alone are considerably lower in China than in the United States, noted Le.

Wedbush Securities analyst Daniel Ives said that Tesla’s continued operations in China remain “the linchpin to [its] production and distribution.”

“Tesla is using this as a strategic advantage to go after other regions and pockets of Europe,” he said.

In a research note Sunday, Wedbush predicted that the company’s “shining [Gigafactory] success in China” would help it deliver better-than-expected earnings this week.

Meanwhile, the Chinese auto market is predicted to become even more critical in the coming years. “Ultimately, we see China representing 40%+ of global sales for the company potentially by early 2022,” Wedbush analysts wrote.

The Shanghai factory was also notable for how quickly it came together. The company beat its own deadline to start making cars there, kicking off trial production only 10 months after it had broken ground on the plant. That boosted confidence that the company had the ability to hit delivery

Seaview Square shopping center gets even bigger with Marshalls and HomeGoods

Retail chains Marshalls and HomeGoods have opened in Ocean Township’s Seaview Square shopping center.

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Construction began last year on a 50,000-square-foot building located at 1000 Route 66 that the retailers now jointly occupy. The stores relocated from 2200 Route 66, a spot across the highway in Neptune.

The 775,000-square-foot Seaview Square already was home to several big-box retailers, including Costco, Target, Burlington, Big Lots, Sky Zone, PetSmart, Homesense and Sierra Trading Post.

Marshalls and HomeGoods are part of the same parent company, TJX, which also owns T.J. Maxx, Sierra and Homesense.

Meanwhile, home decor superstore At Home is also in the process of moving into the same shopping center, according to a statement. An official opening date has not yet been announced.

At Home will occupy the lower level of a shuttered 107,000-square-foot Sears that’s been vacant since 2018. The upper level is still available for lease.

Other recent store openings in New Jersey include an Amazon “4-star” store in Wayne, a Walmart “Supercenter” in Ledgewood, a Trader Joe’s in Freehold and an Aldi in Totowa.

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Why Do Women’s Feet Get Bigger As They Age?

There are many reasons why women’s feet get wider as they age. Some of the reasons include weight gain and an aging population. We’ve probably all noticed that people are generally bigger today than years ago. Weight gain adds more pressure on your feet as you stand or walk which makes the joints and ligaments work harder to retain the structure of your feet. The more pressure the feet have to put up with, the more your feet will stretch or spread out. As feet age, they lose fat padding and grow wider and longer, resulting in lower arches and problems like corns and calluses. Structural changes can affect balance and gait. With time, your feet will stop going back to their normal shape, and their size in due course will become wider and longer. As we get older the ligaments and soft tissue start to grow weaker and lose elasticity, causing the feet to grow wider and flatten.

Good fitting shoes with enough cushioning and support can help with this. As the foot becomes wider, longer and less padded, the plantar fascia tendon which runs along the length of the sole and makes up the arch becomes stretched; this contributes to the lowering of the arch. A lower arch can lead to bunions forming. Women are inclined to have wider feet due to pronation. Pronation is when the arch area in the inside of the foot, rolls inwards towards the ground. Women tend to have wider hips which make pronation more common in women than men. Legs are made to turn inwards at the knees, which can lead to pronation at the feet. If a woman is overpronated it will look as if she has flat feet. Pronated feet are wider than unpronated feet thus making them look bigger. Another reason when women complain about having wider feet is during pregnancy.

During this time, the body releases hormones which relax the soft tissue structures like the ligaments. This hormonal change along with the natural weight gain during pregnancy is known to increase a woman’s shoe size. Women tend to spend a lot of time walking and standing on hard surfaces, which can lead to foot deformities. Foot deformities such as hammertoes and bunions are caused by wearing ill-fitting shoes more often than not. Feet can change in size as we get older or heavier. Health problems like diabetes, circulation problems and heart disease can cause swollen ankles and feet, making them look bigger. Sales figures show that the average woman’s shoe size has gone up from a 5 in the past five years. This means that demand for the bigger sizes, like the nines, tens and elevens is also going up. This increase has been linked to the obesity epidemic.

Medical experts believe that consuming high-density foods like pizza and processed foods during puberty stimulates the growth hormone. This not only then increases waist size, it also affects other parts of the body such as the feet. What causes …