Local Bar & Grill Gets Liquor License Suspended for Allowing Dining Inside Atrium – westsiderag.com

Posted on July 31, 2020 at 3:42 pm by Carol Tannenhauser


Dining in the Hi-Life atrium.

By Carol Tannenhauser

On Thursday, July 30th, the New York State Liquor Authority (SLA) suspended the liquor license of Hi-Life Bar & Grill, on 83rd Street and Amsterdam Avenue, for allegedly violating the dining-in ban still in effect in New York City due to the coronavirus.

“I’m still reeling,” said owner Earl Geer, in an email to WSR. “A half hour ago, reps from the SLA came with cops to shut our bar down. Last night, we were given a notice by an SLA rep for utilizing our sidewalk café atrium, with French doors open, to serve diners. This is a gray area, as it has a fixed roof.”

Geer said he was under the misunderstanding that when guidelines were modified to include street seating with solid overhead covering, i.e. tents, that seating in his cafe, with all doors open and also plexiglass separating diners, was in compliance.

“We complied immediately on Wednesday night, but today we learned that the ‘Full Board’ voted and suspended a number of licenses, including ours. So much for three strikes,” he added.

The fine for the violation could be as much as $10,000, Eater said.

Geer emphasized that he is “very supportive of Governor Cuomo and all he has done to keep New York City safe, and will always comply with city and state regulations. “While we would have appreciated a warning,” Geer said, “We apologize for the misunderstanding and any noncompliance.”

“I’m heartbroken,” said Upper West Sider and tipster Joe Mutz. “I’ve consumed more meals there than I can count.”

Until the matter is resolved, Hi-Life’s kitchen will remain open for outdoor dining and delivery, and will offer complimentary watermelon and mint-infused water, ice teas and Arnold Palmers. Geer is calling this a “neighborhood booze cleanse.”

Earl wrote about the difficulties of operating a restaurant amid the pandemic here.

The staff of Hi-Life created a GoFundMe account to help with Hi-Life’s legal expenses and lost business. Click here to donate.

Senators Worry Post Office Changes May Obstruct November Ballots – Gizmodo

Postal workers prepare mail for delivery at the Kilbourn Park post office on May 09, 2020 in Chicago, Illinois.

Postal workers prepare mail for delivery at the Kilbourn Park post office on May 09, 2020 in Chicago, Illinois.
Photo: Scott Olsen (Getty Images)

Democratic senators warned Friday that controversial changes to U.S. Postal Service procedures have raised concerns in Washington about the timely delivery of mail-in ballots ahead of the November election.

Earlier this month, Postmaster General Louis DeJoy approved a controversial cost-cutting operation at the USPS, which Congress re-imagined last century as a hybrid government-corporation. In lieu of federal funding, the postal service, which traces its roots back to the Federalist Era, would sustain itself via its own revenue sources, none of which are today capable of covering costs. DeJoy, who assumed office last month after 30 years as CEO of a North Carolina-based logistics firm, says immediate changes and others to come are intended to resolve years’ worth of operating deficits that have left the agency more than a hundred billion dollars in debt.

An internal document obtained by the Washington Post shows that DeJoy has placed greater emphasis on schedule and punctuality, telling carriers to “leave for the street on time, and return on time.” A direct consequence of this, the July 10 memo to employees says, is that carriers may “temporarily” see “mail left behind or mail on the workroom floor or docks,” which it adds is “not typical.”

DeJoy, whose past as a major GOP donor and fundraiser for President Trump has rubbed many the wrong way, has portrayed the USPS as a “broken business model,” saying in a statement this week that an inability to balance costs with available funding has led the agency to face “an impending liquidity crisis.” The agency, which conservatives have long sought to privatize, is widely projected to become insolvent this year. Nevertheless, Federal lawmakers are questioning the sanity of implementing any drastic changes amid the ongoing covid-19 pandemic and only months before a national election.

“Recent concerns raised by constituents and postal workers have brought to light questionable changes under your leadership now taking place in post offices and processing centers across the nation that may negatively impact mail delivery,” read a letter to Postmaster General DeJoy from four U.S. senators on Friday. (The letter was cosigned by Senators Gary Peters, Amy Klobuchar, Chuck Schumer, and Tom Carper — of Michigan, Minnesota, New York, and Delaware, respectively.)

The letter coincides with a Washington Post report describing nationwide “days-long backlogs of mail,” which it said is “alarming” postal workers and union officials, whom the paper describes as fearful that DeJoy’s new protocols could “undermine their ability to deliver ballots on time for the November elections.”

Already, at least 65,000 absentee or mail-in ballots have been rejected this year because they arrived past the deadline, an NPR analysis found, “often through no fault of the voter.” Although the pandemic has greatly exacerbated the USPS’s financial troubles, the White House in June threatened to veto a coronavirus relief package if it included any money for the agency, which employs more than 630,000 workers.

The American Postal Workers Union did not immediately respond to a request for comment.

One Democratic aide told Gizmodo that lawmakers, including those with oversight jurisdiction, did not have a complete understanding of what has transpired at the USPS since DeJoy’s arrival. The changes have been described to them only in ambiguous terms, such as “operational efforts,” and it was unclear what timetable DeJoy was operating under, they said.

The letter sent Friday includes seven questions that speak to just how little the U.S. senators know, such as: “Did you discuss these operational changes, or any other operational changes, with Administration officials outside the Post Office?” The letter asserts DeJoy did not consult “meaningfully” with any representatives of the postal union or any other “mail industry stakeholders.”

“It is essential that the Postal Service not slow down mail or in any way compromise service for veterans, small businesses, rural communities, seniors, and millions of Americans who rely on the mail—including significant numbers who will be relying on the Postal Service to exercise their right to vote,” the letter says.

USPS spokesman David Partenheimer said in an email that the agency was “vigorously focusing on the efficiency” of its operations as part of a broader strategy to make the agency financially stable. “Of course we acknowledge that temporary service impacts can occur as we redouble our efforts to conform to the current operating plans, but any such impacts will be monitored and temporary as the root causes of any issues will be addressed as necessary and corrected as appropriate,” he said.

Partenheimer said the agency would “continually review” its practices and adjust them, when required, “to ensure that we operate in an efficient and effective manner.” He also sought to emphasize that DeJoy was appointed by the Postal Service Board of Governors, and not the president, as others, he said, had falsely reported.

Sen. Klobuchar, who cosigned the USPS letter, remains concerned about the potential for the changes to undermine the integrity of elections nationwide, a spokesperson said.

President Trump, meanwhile, floated the idea on Thursday that the November election could be delayed because, he said on Twitter, expanding mail-in ballots due to public covid-19 concerns would cause the “greatest election disaster in history.” In the New York Times, the co-founder of the powerful conservative legal group the Federalist Society, a Trump ally, called the tweet “fascistic,” adding it was “itself grounds for the president’s immediate impeachment again.”

Sen. Ron Wyden told Gizmodo on Friday that he was growing increasingly concerned about efforts to undermine faith in mail-in ballots and the elections in general.

“The fact that [Trump] is pushing unconstitutional fantasies like changing election day makes clear how desperate he is to cling to power,” Wyden said. “Every elected official needs to make clear that Trump’s transparent attempts to overthrow our democratic systems are totally unacceptable. And Americans in vote-by-mail states can protect against sabotage by voting as early as possible, or returning ballots at drop boxes.”

James Murdoch resigns from News Corp, citing disagreements over certain editorial content – CNN

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Trader Joes Says No to Changing Ethnic-Sounding Label Names – NBC Southern California

Trader Joe’s, which indicated earlier this month it might change the names of some of its products after an online petition denounced them as racist, now says it will stick with labels like Trader Jose’s and Trader Ming’s for Mexican and Asian food.

“We want to be clear: we disagree that any of these labels are racist,” the popular grocery chain said in a statement posted on its website. It added, “We do not make decisions based on petitions.”

The petition posted on change.org by a high school student claims the names create “a narrative of exoticism that perpetuates harmful stereotypes.”

Other Trader Joe’s names cited include Arabian Joe for Middle Eastern food, Trader Giotto’s for Italian and Trader Joe San for Japanese cuisine.

After the petition was launched Trader Joe’s issued a statement saying it has been in the process of updating product labels and hoped to conclude that effort soon.

Sea spiders are marine anthropods that can grow as large as a dinner plate and breathe through hundreds of pores. The New York Times takes a deep dive into sea spider research, which is teaching scientists about climate change.

“While this approach to product naming may have been rooted in a lighthearted attempt at inclusiveness, we recognize that it may now have the opposite effect — one that is contrary to the welcoming, rewarding customer experience we strive to create every day,” company spokeswoman Kenya Friend-Daniel said at the time.

She didn’t respond to a message Friday asking what changed the company’s mind.

But in its recent statement the grocery chain said it still believes the names, many created decades ago, represent lighthearted efforts at inclusion, adding that its customers say they still like them.

Initial word that it would change the names, Trader Joe’s said, was based on “inaccurate reports.”

“We thought then—and still do—that this naming of products could be fun and show appreciation for other cultures,” the company said.

The petition, which had more than 5,000 signatures on Friday, also provoked disagreement among some who saw it.

“Enough is enough,” one person commented. “Let’s stop stereotyping and perpetuating narratives that are harmful and hurtful.”

Another responded, “Pick on something else. The packaging indicates it’s authentic to the country the recipe comes from! There are far more important issues to be worked on!”

Pastor Greg Locke refuses to wear masks: ‘These are gags’

Pastor Greg Locke of Global Vision Bible Church in Mt. Juliet, Tennessee. | Instagram/Greg Locke

Pastor of Global Vision Bible Church in Tennessee and popular internet personality Greg Locke said he is willing to go to jail to defend his right not to wear a mask during the coronavirus pandemic and says he has been telling his church members to do the same too.

“I’m so sick of this mask brigade nonsense. Bunch of Nazis,” Locke said in a video rant on Facebook Tuesday.

“We don’t require masks at our church,” he said. “We probably had 450 people crammed into a tent this weekend. Two people in the whole place had a mask. If they want to wear a mask, that is great, I’m not going to mandate it. As a matter of fact, I discourage it because I think it’s utter nonsense.”

Locke has nearly two million followers on Facebook and produces viral videos on the social media platform that reaches tens of millions. His video on Tuesday, which he says was triggered after a confrontation with a male staffer at an unidentified Dunkin’ store over his refusal to wear a mask,…

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Click Read More to read the rest of the story from our content source/partners – The Christian Post.

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Facebook stock spikes to record as prominent advertisers’ boycott doesn’t scare anyone – MarketWatch

In the middle of a global pandemic, some of the largest advertisers in the world said they would boycott Facebook Inc., which makes almost all of its money from online advertisements.

It would be reasonable to think that would lead to tough times for Facebook’s business and stock. But that is not what happened after the social-media company’s second-quarter earnings report Thursday afternoon, as Facebook shares instead jumped to record highs Friday after analysts reported optimistic takeaways from the report.

“Apparently, everything is just great!,” Bernstein analyst Mark Shmulik wrote.

Shmulik attempted to explain the gravity of the situation, and the incongruous response in Facebook’s
FB,
+8.17%

performance, with an analogy.

“Imagine 1000+ customers pausing their subscriptions, you can’t sell half of your product in a major market or on a certain device, knowing users will spend less time in your store, and the uncertainty of a global pandemic,” the analyst wrote while maintaining an outperform rating and $285 price target. “And yet Facebook is seeing a 10% [year-over-year, quarter-to-date] growth, and guide to keeping this level for Q3.”

See: Facebook shares rally as quarterly results easily top Street view

Evercore ISI analysts described the results as “spectacular” and “stunning in light of the macro backdrop.”

“While the tenor of growth in 2Q does appear uneven, at their peak, 2Q growth rates likely approached 20% YoY,” the analysts wrote, while maintaining an outperform rating and $300 price target. “Even taking into consideration the company’s typical cautious outlook, models across the street will move materially higher”

More than 20 analysts moved their price targets on Facebook stock higher as a result of earnings, according to FactSet tabulations, as shares rose 8.2% to a record closing high of $253.67 Friday. The changes pushed analysts’ average price target more than $30 higher Friday, to $275.78 from $244.35.

Facebook’s revelation that ad revenue was growing steadily at around 10% in July, the month advertisers had targeted for a broad boycott, seemed to be the biggest reason analysts showed little concern about the #StopHateForProfit approach by large advertisers. Few believed that the advertisers will stay away for long, as Facebook Chief Executive Mark Zuckerberg has reportedly said.

See also:Pandemic? Antitrust? No worries for Big Tech, which racked up $200 billion in sales anyway

“We believe that [the boycott] is a short-term issue as Facebook has a strong track record in resolving advertiser concerns over the past two years,” Mizuho analysts wrote while maintaining a buy rating and increasing their price target to $285 from $270.

Morgan Stanley analysts were slightly concerned that the growth rate was lower than they expected, and though they also believe the boycott won’t last long, are concerned about an eventual effect on shares.

“10% ad revenue growth in July (and expected 10% in the quarter) is a notable step down from our estimated ~15% Y/Y growth in June. In our mind, this is likely due to a larger than expected near-term impact from boycott and lower engagement on Facebook as engagement is declining from surging shelter-in levels,” the analysts wrote, while maintaining an overweight rating and raising their price target to $285 from $270. “While this is only a near-term issue (and we expect the boycott advertisers to eventually come back), this flatter recovery slope combined with IDFA uncertainty in 4Q may create tactical pressure on shares.”

In the meantime, Facebook has managed to continue growing due to a jump in advertisements from small e-commerce companies and videogames, analysts noted. In other words, all those ads users are seeing for masks and mobile games are paying off for Facebook.

See now: EA rides pandemic-fueled increase in videogame playing to record first-quarter results

RBC Capital Markets analyst Mark Mahaney credited “opportunistic gaming and e-commerce advertisers [taking] advantage of depressed pricing,” and wrote that while “online advertising has been negatively impacted by COVID, … Facebook has proven to be the most resilient ’net advertiser.”

While many analysts increased their price targets and financial estimates for Facebook, there were no major ratings changes, likely because so many analysts already consider the stock a buy. Of 47 analysts covering Facebook that are tracked by FactSet, 39 consider the stock the equivalent of a buy, while six label it a hold and only two rate the stock as a sell.

FAA approves Rocket Lab to resume launches after company identified cause of July 4 failure – CNBC

Rocket Lab’s Electron rocket lifts off on July 4, 2020.

Rocket Lab

Small rocket builder Rocket Lab is going back to the launchpad in August, as the company said it diagnosed the cause of its recent launch failure and received approval from the Federal Aviation Administration to resumes launches.

“We were able to quickly reconstruct what happened, and the [investigation] board was able to confidently narrow down the issue to a single eligible connection,” Rocket Lab CEO Peter Beck told reporters during a briefing on Friday.

The company’s Electron rocket launched its 13th mission on July 4, carrying seven small satellites bound for orbit. But the rocket never reached its destination, despite the early stages of the launch going according to plan, as a disconnection in its electrical system caused the rocket’s engine to shut down. Rocket Lab says the root of the issue was an electrical system that wasn’t secured, which led to the part overheating and then melting during flight.

Alongside FAA investigators, the company reviewed over 25,000 channels of data from the launch to identify the cause of the accident.

“This disconnection was incredibly unusual because it was able to evade all of the pre-flight acceptance testing,” Beck said. “It’s a very sneaky and tricky issue to try and screen for.”

Rocket Lab has built more than 720 of these electrical components, Beck noted. The company made a “slight change” to its production process and will be screening for the issue in the rockets its built.

“Anybody who flies on Electron now is going to be flying on a more reliable vehicle than they did before,” Beck said.

First U.S. launch coming up

Rocket Lab is the industry leader in building and launching small rockets, targeting the growing market of satellites and spacecraft that are anywhere between the size of a toaster to a refrigerator. Its Electron rocket is priced at about $7 million per launch and is 55 feet tall, or about a fifth the size of a SpaceX Falcon 9 rocket. 

Started in 2006, the company has about 600 employees and is backed by a host a VC firms and, in recent years, has grown its valuation to more than $1.2 billion. It’s based in Long Beach, California but was founded by Beck in New Zealand, where it has a privately-built launchpad.

Beck said that “there was a financial loss” from the July 4 failure “because we’re not launching.” But he downplayed the significance of that loss, saying that it “wasn’t really a big deal” and noting that the company still has cash set aside from its $140 million round of funding in November 2019.

Rocket Lab has launched its Electron rocket to space 12 times. It first reached orbit in January 2018 and is closing in on beginning launches from a second pad in Virginia. The first launch from that U.S. location, called LC-2, will be “a few weeks” after the August launch, Beck said.

“We haven’t launched this month and we’re trying to be on a one month cadence so we’re at least four weeks behind,” Beck added.

To date, the company has successfully deployed 53 payloads.

Additionally, the company last year expanded into the spacecraft building business itself with its Photon satellite platform. It’s grown its business to include building satellite hardware and earlier this year passed key milestones in developing a system to reuse its rockets — by snagging them out of the sky using parachutes and a helicopter.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Market Wrap: Bitcoin Pushes to $11450, DeFi Value Locked Now at $4B – CoinDesk – CoinDesk

Bitcoin and ether continue to make gains Friday and stakeholders are increasingly investing their crypto into DeFi.

  • Bitcoin (BTC) trading around $11,333 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $10,974-$11,460
  • BTC above 10-day and 50-day moving averages, a bullish signal for market technicians.

btcjul31
Bitcoin trading on Coinbase since July 28.
Source: TradingView

Bitcoin’s price pushed as high as $11,460 on increased buying volume Friday, continuing its bullish run to cap a week of economic uncertainty. 

Read More: Bitcoin on Track for Highest July Price Gain in 8 Years

“The U.S. Q2 GDP results were rough and traditional markets are seeing a bit of risk off – a sharp move lower in yields and weakness in stocks,” Dan Koehler, liquidity manager for cryptocurrency exchange OKCoin, told CoinDesk. “It’s a crucial time for bitcoin, in my view.”

Indeed, stocks are taking a beating Friday, with major global indexes down or flat.

btcvsstovcks
Bitcoin (gold), S&P 500 (blue), FTSE 100 (green) and Nikkei 225 (red) in July.
Source: TradingView

Bitcoin beat major equity indexes for July, up over 20% for the month. “It will be interesting to see how bitcoin behaves in a risk-off environment this time around, having broken and thus far held above $10,400,” added OKCoin’s Koehler.

Read More: Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Michael Rabkin, head of institutional sales at crypto trading firm DV Chain, said a positive news cycle on the crypto front is helping the market. “We’ve been seeing more buying over the last few days, specifically since the past week’s announcement which would allow banks to hold custody,” he said. 

“There’s definitely a more bullish sentiment since that announcement came out and as we’ve seen, has resulted in upward momentum,” Rabkin added

Mostafa Al-Mashita of Global Digital Assets, a digital assets-focused merchant bank, said alternative cryptocurrencies, or altcoins, is where he expects traders to take profits near-term. “The market is consolidating as altcoins catch up to the recent bitcoin pump,” he said. “I would expect altcoins to lead for a few days before bitcoin rising again.”

Read More: Coinbase Considering 19 Additional Cryptos for Exchange Listing

DeFi locked at $4B

Ether (ETH), the second-largest cryptocurrency by market capitalization, was up Friday, trading around $344 and climbing 3.1% in 24 hours as of 20:00 UTC (4:00 p.m. ET). 

Since June 1, the total value locked in Ethereum-powered decentralized finance, or DeFi, has risen 300% from $1 billion to $4 billion, according to data aggregator DeFi Pulse.

tvljul31
Total locked in DeFi the past three months.
Source: DeFi Pulse

In just two months, total bitcoin locked in DeFi more than quadrupled from 4,975 to 20,610 BTC. Total ether locked in DeFi has grown 60%, from 2.6 million to 4.2 million ETH. Stablecoin dai locked is up 19%, from 365 million to 435 million. 

Read More: Aave’s LEND Token Jumps 23% on Plan for Liquidity Mining

Azamat Malaev, co-founder of HodlTree, a new DeFi protocol for interest-yielding tokens, said the catalyst for this growth was investors locking crypto with a particular big DeFi lender to achieve “yield” or profit. ”It started with the launch of the Compound token distribution on June 15,” he said. “And, of course, with a time delay information began to spread.” 

Other markets

Digital assets on the CoinDesk 20 are mostly higher Friday. Notable winners as of 20:00 UTC (4:00 p.m. ET): 

Notable losers as of 20:00 UTC (4:00 p.m. ET):

Read More: Chainlink’s Soaring Token Shows Lucrative ‘Oracle’ Role 

  • Gold is up 0.90% and at $1,973 as of press time.
  • Oil is flat, in the green 0.12%. Price per barrel of West Texas Intermediate crude: $40.37

Read More: Dollar Falls to Lowest Level in 2 Years While Gold, Silver, Bitcoin Shine

  • U.S. Treasury bonds all slipped Friday. Yields, which move in the opposite direction as price, were dow most on the two-year, in the red 12%.

Read More: Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2

coindesk20_endofarticle_banner_1500x600
Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Apple Inc. stock rises Friday, outperforms market – MarketWatch

Shares of Apple Inc.
AAPL,
+10.46%

jumped 10.47% to $425.04 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
COMP,
+1.48%

rising 1.49% to 10,745.27 and the Dow Jones Industrial Average
DJIA,
+0.43%

rising 0.44% to 26,428.32. This was the stock’s third consecutive day of gains. Apple Inc. hit a new 52-week high, surpassing its previous peak of $399.82, which the company reached on July 13th.

The stock outperformed some of its competitors Friday, as Microsoft Corp.
MSFT,
+0.54%

rose 0.54% to $205.01, Alphabet Inc. Cl A
GOOGL,
-3.27%

fell 3.28% to $1,487.95, and International Business Machines Corp.
IBM,
+0.03%

rose 0.03% to $122.94. Trading volume (92.1 M) eclipsed its 50-day average volume of 33.0 M.

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Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.