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Wednesday, Dec 20, 2023

🔥 The Hot Corner

💬 Quoted… “[Target] implied that the only reason they were closing the stores was because of theft. That may or may not be true. My guess is: Not true.”

  • According to a new CNBC investigation, Target likely misled the public by blaming theft and violence when it closed nine stores in four cities this past September, since crime was actually worse at other Target locations it kept open near those stores. CNBC said its investigation indicated Target’s announcement was aimed at obscuring poor financial performance and advancing the company’s legislative agenda, which includes seeking higher prison terms for organized retail crime.

🌿 Stat of the Day: The US market for cannabinoids derived from hemp – a low-regulated category of intoxicating products that includes CBD and Delta-8 THC, aka “weed lite” – is estimated to be ~$28 billion, or the same size as America’s entire legal weed market, per research firm Whitney Economics.

🤔 Did You Know?... Tennis balls used to be white, but were changed to yellow for TV viewers in 1967 following a suggestion from British broadcaster and biologist Sir David Attenborough.

📰 Worth a Read: Why some Indians want to change the country’s name to ‘Bharat’ → (The Conversation)

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