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Texas man convicted of hate crime in 2017 mosque burning

“CAIR-Houston Executive Director Mustafaa Carroll said the Victoria mosque burning was part of this increase, and called the conviction “a step in the right direction.”” writes Midwest Communications Inc for 95kqds.com. (Reuters) – A Texas man was found guilty this week of a hate crime in the burning of a local mosque in January 2017, an attack that a rights group on Wednesday connected to an increase in anti-Muslim incidents in the United States.Perez could serve up to 20 years in prison for the hate crime conviction and 10 years…

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World Cup and warm weather boost growth at Ladbrokes owner GVC 

“Punters having a flutter on the World Cup and the recent run of hot weather helped revenues at gambling giant GVC surge in the three months to June” writes Jack Torrance for telegraph.co.uk. GVC, which was recently promoted to the FTSE 100 after its £4bn acquisition of Ladbrokes Coral, saw an 11pc hike in net gaming revenues – a measure of the amounts wagered minus the cost of paying out winnings.The company said it benefitted from both an overall increase in the bets and an increase in gross win margin,…

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Hot weather and World Cup gives Scotland’s shops largest sales increase for more than four years

“This was the highest increase since January 2014 and included a 4.8 per cent spike in food sales – particularly for picnics and barbecues – and a one per cent rise in other goods” writes Angela Epstein for telegraph.co.uk. “In particular this month consumers were keen on picnic and barbecue food, reflecting the unusual opportunity to consistently eat outside. But he warned the “big question” was whether consumers would continue their spending spree after the weather returns to normal or if the increase was a “shoppers’ summer fling.”.  Source: telegraph.co.uk…

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Zika and health cuts blamed for rise in baby death rates

“The infant mortality rate rose by nearly 5% between 2015 and 2016, an increase health officials and specialists have blamed on the outbreak of the Zika virus that year, as well as cuts to health services prompted by an economic crisis from which Brazil is struggling to recover” writes Dom Phillips for theguardian.com. Nationally, the death rate for children up to the age of five also rose nearly 4%.Government officials have been so alarmed by the increase in infant and child deaths that they called a special meeting of state…

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The restaurant scene is hopping — here’s what that tells us about the U.S. economy

“When the bar and restaurant scene is hopping, you know the economy must be doing well” writes Jeffry Bartash for marketwatch.com. The upward trend in restaurant spending actually began early in 2018, reflecting the growing confidence of Americans in the economy.Sales at places that sell food and drinks surged in May and June, pushing the yearly increase to a nearly three-year peak. Source: marketwatch.com Share This:

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U.S. retail sales climb again in June after jumbo gain in May

“Gas stations posted a 1% increase last month and sales are up a whopping 21.6% in the past year” writes Jeffry Bartash for marketwatch.com. Retail sales have increased 6.6% over the past 12 months, slightly above the long-run average since 1980.Americans raised spending in the spring on a variety of goods and services, spurring businesses to increase hiring and production.The increase last month followed an even bigger burst of spending in May, when sales grew a revised 1.3% instead of previously reported 0.8%. Source: marketwatch.com Share This:

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Geekbench Shows 2018 MacBook Pro Has Biggest Yearly Performance Gain Since 2011

“2018 MacBook Pro models feature the biggest yearly CPU performance gains since 2011, according to Geekbench founder John Poole” writes Am Pdt for macrumors.com. Geekbench 4 scores indicate the latest 15-inch models have a 12 to 15 percent increase in single-core performance, while multi-core performance is up 39 to 46 percent, compared to the equivalent 2017 models.A new 15-inch MacBook Pro with the best-available 2.9GHz six-core Intel Core i9 processor, with Turbo Boost up to 4.8GHz, has a multi-core score of 22,439, for example, a 44.3 percent increase versus a…

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Retirement fund managers have made a huge mistake assuming 7% is an average return because 600 million workers are about to disappear from the global economy

“Seven percent is an important number, because if your personal retirement savings get less than that annually over the long haul you will not have saved enough for retirement” writes Jim Edwards for businessinsider.com. This shift will increase inflation and lower asset returns from 7% annually to roughly 4%, he theorises.Older workers with generous “defined benefit” plans typically received 23% of their compensation as a contribution to their retirement plan.He believes that the average rate of return will be cut by an epic global shift in demographics that is going…

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