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Shares, currencies, retail gross sales in Australia

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Shares, currencies, retail gross sales in Australia

A pedestrian looks at an electronic quotation mark that shows the numbers on the Nikkei 225 index on September 11, 2020 in Tokyo.

Kazuhiro Nogi | AFP | Getty Images

SINGAPORE – Asia Pacific markets begin the new week with a mixed trading session on Monday following a “big miss” in the US employment report released on Friday.

Futures contracts linked to Nikkei 225 indicated opening gains for the Japanese benchmark index, while the Australian SPI 200 futures indicated a cautious start for the ASX 200.

The widely watched US job report for April was weaker than expected. The report showed that U.S. employers added 266,000 net pay slips last month and the unemployment rate rose to 6.1%.

But Wall Street reacted only slightly to the bad news. Overall, the Dow Jones Industrial Average was up 2.7% last week, while the S&P 500 was up 1.2%. Despite a 0.9% rally in the last session of the week, the Nasdaq Composite lost 1.5% over the same period.

“A major non-farm payroll mistake was another bad news is good news case for US stocks on Friday. The 266,000 rise would be extremely impressive in normal times, but it shocked the market that almost expected four times that number. “Analysts at the Australian bank ANZ wrote in a morning note.

On Monday, investors will be watching a number of data releases from Australia, including retail sales for March and Q1 and the NAB business confidence survey.

Currencies and oil

The US dollar fell 0.09% against a basket of competitors to hit 90.155 early Monday.

Across the region, the Japanese yen changed hands at $ 108.49 per dollar, while the Australian dollar gained 0.18% against the US dollar to $ 0.7853.

In the oil markets, US crude oil futures rose 0.5% to $ 65.40 a barrel, while the global benchmark Brent index rose 0.5% to $ 68.88 a barrel.

– CNBC’s Thomas Franck contributed to this report.

Tips on how to turn into a vegetarian (or eat much less meat)

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Tips on how to turn into a vegetarian (or eat much less meat)

I have some personal news: I went vegan three or four months ago. Considering that I’ve written thousands of words about it how much i love tofu and Black bean burgerThis “news” is hardly shocking, but the meat discourse is reaching furious new heights (or lows?) every day it seemed too relevant not to share.

To be honest, it took a long time. I’ve never been morally or ethically against eating animals – I still am – but capitalism is a different story, and at this point there is no division between the two. I don’t have to tell you that industrial meat production is a huge contributor to global warming (and climate denial) or that meat processing companies are almost caricaturally evil when they exploit an underpaid, often undocumented workforce. The facts are visible to the whole world, which is why more people are likely to eat less meat.

But making the choice is easy; figuring out how to eat less meat is less like that. What do you eat instead, especially if you’ve been eating meat all your life? Whether you are completely vegan or just restricting, these tips will help you find some answers.

Ask yourself the tough questions

OK, I lied a little – there are a few more questions before the answers. Big lifestyle changes should be food for thought, but if the idea of ​​eating less meat is still uncomfortable, you owe it to yourself to ask why.

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What are the downsides? You will eat less meat. That’s pretty much it. Of course, there will still be meat, but most of the time you just eat other things. Is this really a deal breaker for you? If yes why? You can get protein and fat from tons of other foods – do you have to have meat? After a little thought about it, you will find your personal reasons, or you will find that you don’t need meat at all, or at least not all of the time.

Do a little brainstorming

The easiest way to eat less meat is to eat more of everything else. A good first step is to sit down and make a list of the meatless foods that you already love. Don’t be afraid to take this task extremely literally: even a list of 10 vegetables you like is valuable and makes meal planning easier.

Your list shouldn’t include foods that, with the right substitutes, could be meatless. Known quantities are fair game – like your favorite frozen vegetable dumpling or a great vegan burger from a local pub – but don’t expect the wrong meat to save the day, especially if you’ve never eaten it.

Get an air fryer

Oh my god I can’t believe I waited until 2021 to buy an air fryer. It does short work of every roasted vegetable you can think of, as well as a variety of goodies like crispy tofu, extra crispy potatoes, fried bread, frozen gnocchi, leftover fries, crispy shallots, and of course, frozen tater tots– and that’s just a mystery to me. Please don’t be a dummy like me: get yourself an air fryer before you go without meat.

Really get in beans

You probably saw this coming, but beans are a cornerstone of a meatless diet. This will be great news for some and a real downer for others – but if you’re not a big bean guy, try to stay open-minded. The world of beans is wider and more delicious than you might think.

Beans don’t have to come out of a bag or can, and you don’t even have to eat them whole. Tofu and tempeh are wonderful examples of the versatility of the humble soybean. Falafel is just chickpeas and herbs in a convenient, fried pack. You can even make pancakes and donuts entirely from beans: In Indian cuisine, Chilla (or Cheela) are pancakes made from besan (chickpea flour) or soaked legumes that have been pureed into a dough. (If you soak and ferment the legumes with a little rice, You have dosa dough.) Has Korean cuisine nokdujeong (or bindaetteok), a mung bean-based donut filled with kimchi, bean sprouts and spring onions.

Broaden your horizons

Beans are just the beginning. For most of our time on earth, humans have eaten anything but meat – meaning we’ve found roughly a billion ways to make plants taste good.

Every kitchen on the planet has a rich tradition of meatless dishes, and you don’t have to dig very deep to find them. Whether you can get them from Youtube or Cookbooks (my two favorite sources) Homestyle recipes from pretty much every culinary tradition will never get you wrong.

My dinner usually consists of either Mexican home cooking – beans, tortillas, salsa, potatoes, the occasional soyrizo – or literally a recipe from Priya and Ritu Krishna Indian, the best cookbook of the decade. As always, look for recipes created by people who are actually part of the culture they represent. The recipes will get better and you will learn more.

Buy more groceries

My final tip to eat less meat is very obvious, but rarely mentioned: if you are used to a high meat diet, you will need to eat a lot more other things to make up for it. I’m not talking about nutrient macros – I’m talking about sheer volume. A large steak is still a large steak after cooking, but a giant head of cauliflower can shrink to a single serving in a hot oven. Whenever you go shopping, buy larger portions than you are used to, at least until you get a feel for your new normal. Something tells me it won’t be long

In keeping with Fauci, face masks may turn into seasonal after a Covid pandemic

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In keeping with Fauci, face masks may turn into seasonal after a Covid pandemic

Dr. Anthony Fauci, director of the National Institute for Allergies and Infectious Diseases, testifies on April 15, 2021 at the House Select subcommittee on the coronavirus crisis on Capitol Hill in Washington.

Susan Walsh | Pool | Reuters

WASHINGTON – The White House Chief Medical Officer, Dr. Anthony Fauci said Sunday that people might wear masks during certain times of the year when respiratory illnesses are more common.

“I think people got used to that, if you look at the data that reduces respiratory disease, if you look at the data, just because people were doing the kind of public health thing they had practically no flu season this year were mainly directed against Covid-19, “said Fauci during an interview on NBC’s Sunday program” Meet the Press “.

“So it is conceivable that in a year or two or more, if you suffer from respiratory viruses like the flu during certain seasonal periods, we will actually wear masks to reduce the chances of you spreading them through the airways transmitted diseases, “he added.

Fauci’s comments come less than a month after the Biden government announced a relaxation of federal health guidelines for wearing masks outdoors.

Visitors walk past a sign requiring face masks to stop the spread of coronavirus disease (COVID-19) on Memorial Day weekend in Bethany Beach, Delaware, May 24, 2020.

Kevin Lamarque | Reuters

The Centers for Disease Control and Prevention recommend that fully vaccinated people can exercise outside and attend small gatherings without a face mask. The agency also recommends that fully vaccinated individuals wear a mask in crowded outdoor areas.

“We are just at the point where we can repeal these ordinances and allow people to resume their normal activities. Of course, we shouldn’t put any limits on gatherings in the open air and encourage people to go outside,” said Dr. Scott Gottlieb told the CBS Sunday program “Face the Nation”.

Gottlieb added that indoor public health measures should also be relaxed in states where coronavirus infections are low and vaccination rates are high.

“Covid will not go away, we will have to learn to live with it, but the risks have been reduced significantly thanks to vaccinations and immunity that people have acquired through previous infection,” said Gottlieb.

As of Saturday, more than 45% of the US population had received at least one dose of vaccine, including 33.9% who were fully vaccinated, according to CDC data.

Disclosure: Scott Gottlieb is a CNBC employee and a member of the boards of directors of Pfizer, the genetic testing startup Tempus, and the biotech company Illumina. Pfizer has signed a manufacturing agreement with Gilead for Remdesivir. Gottlieb is also co-chair of Norwegian Cruise Line Holdings and Royal Caribbean’s Healthy Sail Panel.

The way to use kindness to cope with tough, adverse folks

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The way to use kindness to cope with tough, adverse folks

Illustration for article titled How To Use Kindness To Deal With Difficult, Negative PeoplePhoto: Hung Chung Chih (Shutterstock)

Any type of interaction with a negative or downright mean person is uncomfortable on so many levels. Unfortunately, they are everywhere and fundamentally inevitable. You know the guy: rude and inconsiderate right off the bat, as if you think it’s perfectly acceptable to treat other people like crap, but also to expect everyone else to show them the utmost respect.

The problem is that everyone has their limits. When faced with relentlessly negative people, it can be very easy to bow to the other person’s level and respond to their hostility towards your own.

But a successful trainer Doug and Lynn Nodland have a different strategy: countering the other person’s negativity with kindness – a topic they wrote about A recent article for the Chanhassen villager. Here’s how they suggest we do that.

First, deal with your own emotions

As the Nodlands point this outIt’s a good idea to remember that we are all human, and we each go through certain times in our lives when we are particularly stressed, frustrated, or angry. When we find ourselves in this state, we can easily get angry or send out negative emotions without even realizing it. Maybe you met the other person on a really bad day.

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But as therapists like to tell us, even though we cannot control other people, we can learn how to control our own negative emotions and behaviors. According to the Nodlands, the first thing we should do is understand why we feel a certain way:

What creates stress and negative emotions? Are you overwhelmed with responsibilities at work or at home? Is it a person making you angry or upset? Are your feelings towards people or situations triggered by things that happened to you in the past? Once you understand the root cause of your feelings of negativity, you can make changes to reduce the stress you are experiencing.

From there, take a minute to identify things that you can actually change (i.e., not anything or everyone), and then take action to change them. If the problem can’t be changed, see if you can at least distance yourself from it.

“As you make difficult changes, you should eliminate other stressors as much as possible,” the Nodlands write. “It is also helpful to convert negative thought patterns into more positive ones.”

How to respond to negativity with kindness

Now that you’ve processed (and hopefully controlled) your own emotions, it’s time to deal with the other person. Here are five options The Nodlands suggest we do that::

  1. Avoid mirroring other negative actions and thoughts. Treat them kindly. This could mean apologizing when appropriate. Example: “I’m sorry if I did or said something that hurt you.” Acknowledge the views of others without judging.
  2. Speak in a pleasant, friendly voice, as if you were speaking to a friend. Keep your voice under control and avoid anger.
  3. Maintain an open and relaxed posture. Avoid rolling your eyes, sighing, or showing any other negative body language.
  4. To breathe! Inhale a few long, slow, deep breaths through your nose, take a short break, and then let your breath out. Diaphragmatic breathing relaxes you and re-centers your emotions.
  5. Smile, a real, friendly smile. Smiling can help you and others feel good.

Will your kind smile make the negative person think about their own behavior and improve it? Probably not. But at least you can get away from the interaction and feel good about how you handled it.

The place does RHOA’s Drew Sidora belong to each actual housewife?

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The place does RHOA’s Drew Sidora belong to each actual housewife?

It’s never easy to be the new kid on the block. That goes double when you are the new real housewife in town.

But throughout the 13th season of The Real Housewives of Atlanta, newcomer Drew Sidora Seldom let’s or their castmates see their sweat. Sure, the actress faced a missing husband – don’t worry, he reappeared after three lost days in Tampa – a broken Achilles and a seemingly relentless onslaught of hatred from “Friend Of” LaToya Ali over the course of its inaugural season, but it always seemed to hold its own.

It was a brisk move during the girls’ trip to South Carolina, where she presented her # 1 fan LaToya with a signed headshot that won us over.

All in all, it was a pretty solid performance for a first season.

But before we say goodbye to Drew and the rest of the RHOA ladies (for the time being) with part three of the Reunion Special on May 9th, there is one last hurdle to face: Our official ranking of every real housewife of all time.

Put your windshield wipers able that makes you content

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Put your windshield wipers able that makes you content

Illustration for article titled Put Your Windshield Wipers in the Position That Makes You HappyPhoto: Junior Braz (Shutterstock)

If there is one thing that has become crystal clear in the past few months, it is that we are a divided nation. It has gotten to a point where everyone believes they are right about everything and is no longer willing to listen to what the other side has to say. Things can be heated. Angry tweets are sent.

We are, of course, talking about the position in which to place your windshield wipers when parking your vehicle before or during a storm.

A brief context:

We started running in February a weekend contribution to the position of the winter windscreen wipernoting that this problem has two sides, and then shared the attitude of Kevin Williams, a writer at Car bibles– who is firm against winter windshield wipers that stand attentively.

Fast forward to this week, though The drive (the place we saw Williams’ first shot) tried to end the wiper wars by interviewing Bentley engineers on the up and down debate. In short, according to experts, it doesn’t matter how you position your windshield wiper blades during a winter storm. Here’s why.

Why the position of the windshield wiper does not matter

Although you might expect auto professionals – in this case, engineers who design and test wiper blades – to have strong opinions on the matter, the ones The Drive spoke to at Bentley Not. In particular, her position was: “Anyway, mate, purely personal decision.”

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You can read Jonathon Klein’s article for the full details, however Here is his summary::

The gist of what they told us is that windshield wipers, their mechanisms, and everything related to the system itself are being tested for torture beyond what a consumer will ever experience in the real world. According to the Bentley guysThe brand’s windshield wipers first go through 10,000 cycles at -20 degrees, then are frozen on the windshield and then pulled off by hand. The mechanisms and windshield are covered in snow to ensure that the wipers and mechanism can withstand the weight of this rainfall.

They also test the rubber itself. To do this, they examine how it reacts to repeated icing, wind, rain, hail, sleet, as well as dust and dirt. If it fails at all during the process, they do a new iteration of the product. And as they pointed out, all of these steps are industry standards.

In other words, your car’s windshield wipers should be able to handle almost anything that could happen to them if your car is parked outside in winter weather – regardless of their location.

Biden has a historic alternative to advance progress within the Center East

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Biden has a historic alternative to advance progress within the Center East

President Biden’s long experience in the Senate and White House taught him that the Middle East could be quicksand for his ambitions as president.

So it was no accident that his goals in the Middle East were modest, aimed at avoiding resource-damaging distractions from his national ambitions and international priorities: recharging the US economy and recruiting European and Asian allies to deal with China.

The old logic was that US withdrawal from Middle Eastern affairs would leave a dangerous vacuum. The new thought was that by distancing you can promote greater independence.

What surprised Biden government officials is how quickly historical opportunities have emerged. A positive series of loosely related events in the region provides the best opportunity to allay tension, end conflict, build economic progress and advance Middle East integration.

Their combined effect should be to induce the Biden government to recalibrate their “do-no-harm” approach to the region and raise their ambitions. First, it should focus on the four leading indicators of change and examine how to build on them.

  • First, the region’s two bitterest opponents, Saudi Arabia and Iran, are holding secret talks to resolve the region’s arson conflict.
  • Second, this week Turkey added Egypt to its list of countries it seeks to ease tension with – including Saudi Arabia, the United Arab Emirates and Israel.
  • Third, the signatories of last year’s Abraham Accords continue to build on their historic normalization agreement. The United Arab Emirates and Israel will open free trade talks next month.
  • Finally, Egypt, Jordan and Iraq are holding trilateral talks to deepen their economic ties and highlight the potential for growth-enhancing regional integration.

To support all of this, it would not require the military engagement, endless commitments, or costly investments that have piqued Americans in the region.

What it takes is an increased level of diplomatic and economic creativity and the dusting of history books to examine how the US helped Europe end centuries of post-WWII conflict and build the institutions and cooperative habits that continue to exist today Have consisted.

The process should begin by examining the dynamics of what is unfolding, staying away from what is working well, and engaging where that would support fragile progress.

Given the financial and reputational cost of their disputes, countries that have long been at odds are speaking – Saudi Arabia with Iran, Turkey with Egypt, the United Arab Emirates with Qatar, and Israel with any number of Arab states, and other emerging combinations.

Warring parties in Libya and Yemen are looking for ways to de-escalate, even though they are far from solutions. Leaders have stepped up their efforts for economic growth and recognized the needs of a well-educated, emerging generation who understand global standards.

Most fascinatingly, Saudi Arabia and Iran have had secret talks since January, apparently without US involvement, and mediated by Iraq.

In a dramatic change of tone, Saudi Crown Prince Mohammed Bin Salman said: “We do not want the situation with Iran to be difficult. On the contrary, we want it to flourish and grow because we have Saudi interests in Iran, and they do also.” Iranian interests in Saudi Arabia designed to promote prosperity and growth in the region and around the world. “

Crown Prince Mohammed bin Salman has many reasons to change course. Among them was the shock of a sophisticated Iranian attack on Saudi oil facilities in September 2019 that cost Riyadh around $ 2 billion.

Not only did the event uncover the kingdom’s vulnerability and Iran’s growing capabilities, but it also cast doubts about US security guarantees, even from a friend as close as President Donald Trump, who did not reciprocate Riyadh.

“The concern that Biden will be overly nice with Iran,” says Kirsten Fontenrose of the Atlantic Council, “while he is withdrawing from the region and de-prioritizing bilateral relations is currently of crucial importance to Saudi’s calculations.”

Turkey, which is economically and politically isolated, has also repaired fences with Egypt, Saudi Arabia, the United Arab Emirates and Israel – who were aware of Istanbul’s support for the Muslim Brotherhood and other groups they consider extremist.

Building on last year’s historic Abraham Accords, a senior Middle East official says Israel and the UAE will begin talks next month on a free trade agreement, just one of many efforts to capitalize on the dynamic of normalized relations.

The UAE continued to function as an oversized regional elixir for economic modernization and political moderation, and this week liberalized its residency requirements to attract wealthy expats. They have set themselves the goal of doubling their GDP within the decade, particularly through technological investments.

Separated and inspired by the Abraham Accords, officials from Israel, the United Arab Emirates, Greece and Cyprus met against the backdrop of the Eastern Mediterranean in April to deepen their cooperation on everything from energy to fighting the pandemic.

Taken alone, these indicators may appear poor rather than transformative. Tie them together and build on them more methodically, and the Middle East could be the beginnings of such de-escalation of conflict, economic cooperation and institution-building that Europe enjoyed after World War II.

With security threats growing in the Horn of Africa and new uncertainties about the future of Afghanistan, the US wants to be able to invite more stable partners in the Middle East to better address growing uncertainties elsewhere in its wider neighborhood.

Nobody should expect the Middle East in the short term to have its own equivalent of the European Union, NATO or the CSCE, the Commission for Security and Cooperation in Europe, where talks between rival Cold War factions take place.

Nor should the US be expected to play the galvanizing role it played when it had half of global GDP, much of Europe was in ruins, and the Soviet Union rose as an adversary.

Still, it would be wrong to underestimate the positive potential influence of the US.

The Trump administration’s support for the Abraham Accord helped fuel growing collaboration among its signatories: Israel, the United Arab Emirates, Bahrain, Morocco and Sudan.

The government of Biden has approved the agreements, most recently in a conversation between President Biden and the Crown Prince of the United Arab Emirates, Mohammed Bin Zayed. However, Biden administrators should invest more in building the agreements.

President Biden’s resumption of negotiation efforts with Iran, his focus on human rights issues and his reluctance to feed the divisions in the region will also play a positive role as long as negotiators do not set the bar too low to lift sanctions against Tehran.

What the Biden administration must avoid is hearing the false conclusion of some analysts that US withdrawal from the region would accelerate progress. What is needed instead is consistent support for the region’s growing modernization and moderation forces, which have won but are still a long way off.

Frederick Kempe is a best-selling author, award-winning journalist, and President and CEO of the Atlantic Council, one of America’s most influential think tanks on global affairs. He worked for the Wall Street Journal for more than 25 years as foreign correspondent, assistant editor-in-chief and senior editor for the European edition of the newspaper. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place in the World” – was a New York Times bestseller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his view every Saturday of the top stories and trends of the past week.

More information from CNBC staff can be found here @ CNBCOpinion on twitter.

Tips on how to earn money promoting cuttings out of your houseplants

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Tips on how to earn money promoting cuttings out of your houseplants

Illustration for article titled How To Make Money Selling Cuttings From Your Indoor PlantsPhoto: AngieYeoh (Shutterstock)

The other day we talked about how many houseplants we buy in stores, greenhouses and online are not quite as environmentally friendly as we may have thought. This is because most of these plants grow in peat, which it turns out to be a finite resource. (It grows back, but at a rate of 1 mm per year.)

One way to ensure that your houseplants aren’t adding to the overall peat situation is to grow your own. Sure, you could go all the way between plants and seeds, but Growing plants from cuttings is faster and easier. And after a study by investment researchers at money.co.ukYou could also be sitting on a horticultural gold mine – or at least some small sideline.

Apparently, growing new plants from cuttings of your existing plants can turn out to be pretty lucrative (and hard work too, but that’s not the focus here). However, some plants are a better investment than others. Here are those who are more likely to earn a living.

This is how you determine the profitability of plants

The aim of the study was to find out which crops are the best investments (as you would expect from a location called “money”) – not necessarily the easiest to grow or the least maintenance. This was a situation where numbers were at stake.

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Here is how the team achieved these numbers::

Adult houseplants and cuttings prices were collected using data from Facebook Marketplace, Farmer Gracy, and Etsy. Once we gathered the data, we calculated the average price of cuttings and fully grown plants for each houseplant variety. We then calculated the percentage of change between the pruning and the mature plant to show the increase in investment for each houseplant.

How to choose the most profitable plants

Based on Research by the money.co.uk teamMonstera Dubia plants are the best investment. According to their calculations, cuttings from a Monstera Dubia will set you back between $ 20 and $ 30, while a grown potted plant will cost you between $ 255 and $ 280: up to + 766% more than your original investment.

Before we reveal the diagram that will make you rich, we should point out that as you probably guessed on the website, the buying and selling of plants was in the UK. Sure, this is what you should keep in mind with regards to plant availability, but mostly we wanted to let you know that the prices quoted are in GBP rather than USD. So you have to do some calculations.

Ok, here you have it:

And, as with any other financial decision, it’s a good idea to do your homework before getting into anything.

“Houseplant investing is a fun and alternative way to explore the investment world from the comfort of your home,” said Salman Haqqi, personal finance expert at money.co.uk said in a statement. “Like all investments, with a little knowledge and market research, these plant parents could turn their home jungle into profitable investments in no time.”

Meena and Maya Harris unintentionally gave me a parenting grasp class

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Meena and Maya Harris unintentionally gave me a parenting grasp class

No more mother’s guilt. Like everything.
No, the Harris woman is not magically immune to the worries of all parents. Amara, then 2, took out a pair of AirPods for the first time and said she was on a conference call. “My first reaction was, ‘Oh, what do I do with my kids?’” Meena confirmed.

But then she remembered what she had learned all those years ago when she saw her mother attend law school classes and walk to her office. “It was very important for me to see my mother at work,” she noted. “And it was really defining for me to work hard, have a work ethic and see women as leaders.”

When her eldest complained that she didn’t want mom to have to work, “instead of saying,” Oh, I know work sucks, “Meena recalled.” I was very careful at that moment to say, “Well, you know, I really enjoy working. I know why you don’t like it because it takes me away from you.” come, but hopefully do it positively and show her that I love work. “

When traveling on business, Meena makes a point of bringing home not only souvenirs from her travels, but also stories about what she achieved during her absence. As such, her 4 year old understands that she designs clothes (like Phenomenal’s Mother’s Day collection) and writes books like Ambitious Girl and her debut, Kamala and Maya’s big idea, “and she said,” Can I write the next one? with you?'”

Arsenal may have LESS cash within the switch as proprietor Stan Kroenke plans to pay the Uefa tremendous out of pocket

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Arsenal may have LESS cash within the switch as proprietor Stan Kroenke plans to pay the Uefa tremendous out of pocket

ARSENAL owner Stan Kroenke’s offer to pay the UEFA fine out of pocket could leave the club with LESS money this summer.

Kroenke, along with his fellow American owners in Liverpool and Manchester United, promised to pay the initial £ 1.44million European Super League fine – plus five percent of the club’s next European cash revenue – from his personal resources.

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Stan Kroenke promised to meet the Fin in person – but it could affect the Gunners’ transfer kittenPhoto credit: Getty

However, finance specialists cautioned that such payments would be viewed as “owner financing” in financial fair play calculations.

One expert explained: “If Kroenke pays from his own resources, it is considered an owner’s expense.

“That means that Arsenal’s next income will be reduced and affect the amount they are allowed to spend on players.

“While Arsenal fans may welcome his decision now, they may not be as impressed when they find that as a direct result they have to spend less on players.”

The Premier League Big Six agreed to a multi-million pound fine from Uefa as a condition for returning to European football.

Uefa bosses confirmed that they had agreed “reintegration measures” with the nine clubs – including Arsenal, Chelsea, Liverpool, Spurs, City and United – that repudiated their attempts to lead the rebel runaway.

As a condition of the deal, the nine – signed by AC Milan, Inter and Atletico Madrid – will receive a £ 13m slap payment to be made for youth and grassroots football, including in the UK.

But all nine who Uefa said they “admitted to their mistake” also agreed to give up five percent of the money they would have received from Uefa for their next European campaign.

And they agreed they would face massive fines of £ 87m if they joined a future runaway, or £ 43.5m if they just signed up to such a new league.

ARTETA SPENDING PLEA

Any dent in Arsenal’s war chest will deal a blow to pressured manager Mikel Arteta.

The Spaniard has said the club will have to spend a lot of money to catch their rivals after a disastrous season in which they are ninth in the table and outside Europe.

Arteta said: “Time is catching up.

“It’s a trend, it has been happening for years.

“If the spacing and margins get too big with the rest, it’s almost impossible to do.

“I think we’re still on time and have put some very strong pillars and foundations in place over the past few months to do what we need to do.

“We are in the right place for this – and we have to do it.

Arsenal may have LESS cash within the switch as proprietor Stan Kroenke plans to pay the Uefa tremendous out of pocketArsenal fans want Kroenke to be gone

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Arsenal fans want Kroenke to be gonePhoto credit: EPAThey were furious about the plans to join the breakaway European Super League

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They were furious about the plans to join the breakaway European Super LeaguePhoto credit: Getty

“The squad has to be changed. By December there were already a lot of changes that haven’t been made in years, but it shows us where we have been.

“Things have to change and the owners are going to secure it.”

When asked if that meant Arsenal would have a sizeable budget this summer, Arteta nodded.

However, it remains to be seen whether the American Kroenke will raise a large bundle of money and whether Arteta will be trusted to spend it.

Read our Football live blog for the latest news from the area

Mikel Arteta admits his job is under threat after Arsenal are eliminated from the Europa League

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