Asos counts cost of maintaining social distance from fast-fashion rivals

Talk about social distancing. Asos is working overtime to stay aloof from its online rag trade rivals. Fast fashion has long been bedevilled by accusations of waste and exploitation. Aim-quoted Boohoo is combating allegations of sweatshop practices among suppliers in Leicester. Aim-quoted Asos, which also sells cheap togs for twenty quid to twenty somethings via its website, is doing its best to set itself apart. 

Nick Beighton, chief executive, drove home his message about sustainability repeatedly on Wednesday: Asos looked after its suppliers, paid its employees properly, was mindful of waste and treated its workers “correctly”, he said. And while 98 per cent of Asos gear is made overseas, the group knows exactly where its products come from and who made them. Mr Beighton even went so far as to suggest that Asos would contemplate swapping its home on the junior market — often described as a wild west —

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Bank of America to offer payday-style loans that cost just $5. Here’s how they work.

Bank of America will begin to offer small, short-term loans to cash-strapped customers, the Charlotte-based bank announced Thursday, a move that could upend the market for short-term loans.



a sign on the side of a building: Bank of America


© Handout/Dreamstime/TNS
Bank of America

The loans, called Balance Assist, will have a $500 limit, and will only be available to people who have had a checking account at the bank for at least a year. The roll-out will start in a handful of to-be-announced states by January 2021 before expanding to the rest of the country early next year.

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The move makes Bank of America — with its tens of millions of customers — one of the biggest financial institutions to have a small-dollar consumer loan.

It’s a space historically dominated by payday lenders and other consumer finance outlets, who gained seedy reputations for their high fees. Regulators have urged banks to get into small-dollar lending for years, and

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How Much Does a Disney Wedding Cost?

If you dream of a magical wedding straight out of a fairy tale, look no further than Disney. You can be a princess for a day with an intimate ceremony or grand celebration with Mickey on the guest list, Cinderella’s Castle as your backdrop, and the crystal coach as your getaway car. You can make your wedding an immersive, destination event in a European courtyard, tropical forest, or a postcard-worthy beach.

Disney Fairy Tale Weddings has four destinations on both coasts—including one on the water. You may wed at Walt Disney World Resort in Florida, Disneyland Resort California, on a white-sand Hawaiian beach at Aulani, a Disney Resort & Spa, or sail the high seas on the luxurious Disney Cruise Line.

Plus, Disney parks and resorts have entire teams dedicated to making your dreams a reality with planners, fantasy cake makers, and even a dress collection. Here’s what you need

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How Maryland’s Total Cost Of Care Model Has Helped Hospitals Manage The COVID-19 Stress Test

The Maryland Total Cost of Care (TCOC) model, one of the nation’s most innovative advanced alternative payment models, is about to enter year three. This demonstration and partnership with Centers for Medicare and Medicaid Services (CMS) is testing hospital global budgets, as evolved from its 2014 beginnings, and is guided by the state’s Health Services Cost Review Commission (HSCRC).

We believe the COVID-19 pandemic represents an important opportunity to assess this global budget model under stress—with implications for future health care financing. One of us (Chris L. Peterson) served as the principal deputy director of payment reform and provider alignment at the HSCRC from 2016 to 2020. The other (Dale N. Schumacher) has represented hospital medical staff in prospective payment negotiations with the HSCRC and has published analyses of Maryland hospital performance. In this post, we describe how the TCOC model has provided flexibility and stability to Maryland’s private-sector hospitals

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