Author: Christopher Lewis

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Spotify-Joe Rogan backlash widens, but economics back streaming giant’s clout

Spotify-Joe Rogan backlash widens, but economics back streaming giant’s clout

The growing clamor surrounding Spotify (SPOT) took a new turn over the weekend, with at least two more artists vowing to depart the platform over podcaster Joe Rogan — who the streaming giant backed in a statement.

On Sunday, Spotify broke its silence after the company refused to give into Neil Young’s ultimatum to drop “The Joe Rogan Experience” — the most popular podcast on Spotify — over controversies surrounding his stance on COVID-19 vaccinations. The legendary rocker’s music will now be streamed exclusively on SiriusXM, with singer-songwriter Joni Mitchell and Bruce Springsteen guitarist Nils Lofgren also pushing to remove their songs from Spotify. 

Although Spotify promoted “rules of the road” for its policies, and plans to add a content advisory to any podcast episode about COVID-19 — directing listeners to a dedicated COVID-19 Hub to combat misinformation — the company flatly refused calls to “take on the position of a content censor.”

Podcaster Joe Rogan has come under fire for spreading fake vaccine information

Podcaster Joe Rogan has come under fire for spreading fake vaccine information

Amid the furor, data suggests Spotify is backed by the increasingly lucrative economics of streaming, especially as digital media continues its growth, and its massive scale. The effects of similar controversies on Netflix (NFLX), which faced similar outrage over “Cuties” and Dave Chappelle’s comedy special, had a negligible impact on its stock.

According to IFPI’s latest Global Music Report, paid subscription streaming revenues increased by 18.5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in 2020. That number is widely expected to come in even higher for 2021.

Spotify leads the way, capturing 31{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of total U.S. subscribers, followed by Apple Music (AAPL) at 15{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, Amazon Music (AMZN) and Tencent (TCEHY) tied at 13{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}; YouTube Music (GOOGL) rounds out the top five at 8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. 

Streaming revenues have grown by double digits in recent years, according to IFPI's latest Global Music Report

Streaming revenues have grown by double digits in recent years, according to IFPI’s latest Global Music Report

Yet market share alone doesn’t guarantee total power to streaming platforms. Taylor Swift famously pulled her “1985” album, along with the rest of her catalog off of Spotify back in 2014, as a means of protesting artist compensation in the digital era.

Swift eventually rejoined the platform in 2017, but similar issues remain top of mind for musicians struggling to profit from Spotify’s ‘pro rata’ model in which users’ monthly fees go into one single pot. That money then divided and distributed by the total number of streams, with Spotify receiving roughly 30{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the total subscriber’s fee.

Critics of the model say it alienates smaller artists who don’t have the backing of a big label, and takes power away from the consumer, who has no say as to where his or her money lands.

The model has also been accused of being outdated, created at a time when listening habits were drastically different, and streaming was fairly unproven. 

Flash forward several years, and streaming is one of the main forms of audio consumption. Spotify boasts an impressive 381 million users across more than 184 countries and markets.

“Streaming has provided stability…the business has become predictable.”Guillermo Page, former record label executive and professor

Streaming royalties: By the numbers

According to Spotify, 184,500 artists generated over $1,000 in royalties in 2020, with 870 artists generating over $1,000,000. 

However, it’s important to note that Spotify doesn’t directly pay out its artists or songwriters — hence the key word, “generated.” Rather, payments go through the rights holders (record label, distributors, aggregators, or collecting societies), which then pay out the respective parties. 

Although every agreement is different, Spotify says it pays out roughly 2/3 of every dollar it makes through subscribers and advertisers. It has paid more than $23 billion in royalties to music rights holders as of 2020, (including $5 billion in just 2020 alone, up from $3.3 billion in 2017.)

To break it down even further, once the royalties are in the hands of the rights holders, the money is then divided into two buckets: recording (the recordings of the actual songs) and publishing (the copyrights for songwriting and composition, such as lyrics and melodies.) 

Although publishing rights are often not worth as much as actual recordings, they can still lead to a significant amount of revenue over time with radio play, advertising, movie licensing and more.

However, some big artists are crafting their own lucrative deals in ways that circumvent the current compensation model. Just last month, Bruce Springsteen sold both his master recordings and publishing rights to Sony Music in a deal reportedly worth north of $500 million.

And last May, The Red Hot Chili Peppers sold the rights to its song catalog for a reported $150 million, followed by Bob Dylan, who sold over 600 copyrights to Universal Music Group in a deal reportedly valued at over $300 million. Meanwhile, Stevie Nicks sold a majority stake in her songwriting for a reported $100 million.

Guillermo Page, a former record label executive who worked for Sony and Universal, previously told Yahoo Finance that “streaming has provided stability.”

“The key is that the business has become predictable,” according to Page, who now teaches in the music program at the University of Miami.

Investors “can trust in the future of the business because it’s growing. When you eliminate the uncertainty, it opens up a new door for investors to come in and snap those assets,” he added.

Why Spotify is ‘growing up’

Bottom line? Streaming balloons the value of songs and records which make platforms necessary for artists. 

Not every artist will see the same cash flow, and the biggest ones have the most power, but up-and-comers need the exposure that streaming provides. Despite the bad press generated by the departures of Young, Mitchell and others, experts surmise that, ultimately, Spotify will “be fine” in the long run.

Ola Sars, founder and CEO of B2B music streaming company Soundtrack Your Brand, told Yahoo Finance during a recent interview that other media giants from YouTube (GOOGL) to Facebook (FB) have gone through their own public reckonings when it comes to platform scrutiny — and have come out relatively unscathed on the other side.

“I personally don’t think that paying subscribers will leave a platform because there’s one program that is being disputed…[Spotify] has been through this before, so has all of the other media platforms, and consumers kept paying the bill,” the executive said. 

“This is probably not the only situation where certain artists don’t like other types of content…this will be day-to-day business for Spotify [and they will handle] it like any other media company moving forward,” he added.

Alexandra is a Producer & Entertainment Correspondent at Yahoo Finance. Follow her on Twitter @alliecanal8193

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Personal finance experts talk budgeting, goals, debt repayment and savings during free webinar

Personal finance experts talk budgeting, goals, debt repayment and savings during free webinar

NJ.com hosted a webinar on private finance this 7 days where experts shared guidelines and facts about employing a monetary technique for 2022 and beyond.

As section of NJ.com’s new EmpowerU free of charge digital event sequence, the “New Year’s Money Moves” webinar centered on 4 finance groups — intention location, budgeting, personal debt repayment and financial savings.

Qualified money planners explained the want to established sensible goals for the quick and very long expression, and talked about the distinction involving set, variable, discretionary and non-discretionary expenditures.

NJ.com’s Karin Selling price Mueller moderated the webinar, which highlighted a panel discussion and reside Q&A.

The panelists ended up Deva Panambur, CFA, CFP and owner of Sarsi, LLC, as very well as Stephanie Spies, CFP and money advisor at Modera Wealth Administration.

Here are some of the highlights:

On purpose environment:

“Start with comprehending yourself initially,” explained Panambur. “You know, mountain climbers say this all the time, ‘It’s not the mountains we conquer, but ourselves.’ And so money preparing is a ton about controlling your individual emotions, your personal weaknesses, and playing to your strengths.

“I normally say, start with comprehension yourselves. Start with comprehension your values, what is it which is vital to you, and then create a system that matches your values, simply because which is when you have the greatest risk of results in excess of time.”

On budgeting tools:

“Budgeting is a thing that is exclusive and highly individual to all people,” Spies explained. “There’s various apps and different points that you can do. There are some apps out there that you spend for like Mint, Tiller Cash, You Want a Spending budget, and there’s free means that are out there. Some folks even now like to do it the aged-fashioned way with a spreadsheet.

“Also, do not be frightened to glance at facts that you may well just be able to get from your credit rating card enterprise. I know a ton of them ship out an annual breakdown in conditions of what you have put in, and in some cases that much too can give you a seriously fantastic jumpstart.”

On tactics for paying off credit card debt while preserving:

“For those people of us in finance, we frequently discuss about how compounding is the seventh question of the globe, and it can both really enable you or harm you,” Spies explained. “In phrases of debt, compounding is your major enemy. We normally target on encouraging our customers to shell out down that bigger curiosity amount debt 1st to mitigate and regulate some of that compounding over time, which will permit you to pay off credit card debt faster and do the job toward your other objectives.”

Panambur stated shelling out off significant-fascination rate financial debt is 1 approach you can use to tackle credit card debt and attain goals, but there are some others that work as nicely.

“Make sure you pay out all the minimums on your personal debt,” he explained. “Second, start creating an unexpected emergency fund. Third, get gain of any of the 401k matches that you have and then you can start off attacking your personal debt more consciously.

“You have two strategies, you can either shell out off the high-cost debt initially or you can begin shelling out off the more compact balances. There are execs and drawbacks to both equally, and you need to pick the one particular that you believe you can stick to. But the total thought is to fork out off all your personal debt, particularly your bad financial debt as soon as feasible.”

On personal savings prepare selections:

While discussing preserving for retirement and college or university, Spies defined how 529 programs perform.

“529 plans are a tax productive way to be ready to help save for college, but they get the job done like retirement accounts in that the funds grow in a tax effective fashion,” she explained. “For 529, you set contributions, and (depending on where by you dwell and what your earnings is) they may be tax deductible.

The intention is that these money improve more than time for faculty, and as extensive as they are used for what is referred to as qualified instruction bills, issues like tuition and guides, all those resources can be withdrawn to spend individuals expenditures devoid of any tax implications.”

How to watch a cost-free recording

Panambur and Spies answered thoughts from attendees about mutual cash compared to index resources, emergency resources, prioritizing retirement, rewards of retirement programs such as 401K accounts, classic IRAs, Roth IRAs and far more.

To check out the full method on-need, see the recording listed here or at the prime of this short article. To get updates about upcoming functions and webinars, sign up listed here.

About NJ.com’s EmpowerU virtual event series

EmpowerU is a virtual celebration sequence serving to New Jersey find out, prepare, save and mature. Run by NJ.com, EmpowerU gatherings provide our reliable journalism to existence to educate, reinforce and empower attendees on the topics most crucial to them.

NJ.com and The Star-Ledger reporters host interactive panel conversations featuring market specialists, community figures, mentors and trailblazers. Highlighted event groups for 2022 are finance, health care, parenting, careers and instruction.

Indication up here for news and updates about upcoming EmpowerU totally free digital functions.

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Travel insurance providers share their top Q&As for this stage of the pandemic

Travel insurance providers share their top Q&As for this stage of the pandemic

In tumble 2021, when the advisory was dropped for two all-way too-temporary months, bookings ramped up.

And when the advisory arrived again in mid-December, there were being cancellations, but a lot of Canadians resolved to push on with their vacation designs regardless.

StatsCan’s December 2021 info exhibits the willingness of a escalating number of Canadians to travel at this phase of the pandemic – primarily as several anticipate COVID-19’s pandemic standing evolving to endemic.

In the meantime vacation insurance plan, often a intelligent obtain, has come to be a will have to-buy and queries abound about protection in conditions of testing beneficial in-location, journey cancellation coverage, and additional.

A whole lot has changed since December 2020 when Travelweek initially arrived at out to Manulife, Allianz World wide Guidance and Ontario Blue Cross to get their top rated Q&As. We circled again with these coverage vendors for the most current facts in these early months of 2022. Under is a sampling of the Q&As for additional click here for the Jan. 27, 2022 challenge of Travelweek.

MANULIFE

Manulife reminds travellers and brokers to check journey.gc.ca/travelling/advisories for the most recent information and facts on travel advisories for Canadians. And for total protection info, agents and travellers are requested to browse every single coverage for total terms, ailments and limitations.

Q. If I want to vacation through the present ‘Avoid non-crucial travel’ and ‘Avoid all cruise ship travel’ advisories, what strategy(s) need to I think about paying for?

A. “The Manulife COVID-19 Pandemic Vacation System gives crisis health-related coverage for expenditures linked and unrelated to COVID-19, as perfectly as quarantine benefits if you examination good whilst in location. Cruise travellers must be thoroughly vaccinated to be included for COVID-19 related charges on their trip. We also propose that travellers be acquainted with their destination’s entry requirements.

“In addition, travellers really should also contemplate obtaining our Top quality Protection Approach or Non-Health-related Plan to safeguard their monetary investment and other components of their trip.”

Q. What happens if I check favourable for COVID-19 although in location? What is lined?

A. “If you check constructive for COVID-19 and will need to extend your stay over and above your scheduled return day, the Manulife COVID-19 Pandemic Travel Plan’s quarantine benefits deliver up to $200/day for foods and accommodations, as effectively as up to $500 for return airfare. The strategy also features up to $5 million for crisis clinical bills (both related and unrelated to COVID-19).”

ALLIANZ International Help

Q. What are the extra challenges travelling all through the pandemic and can I invest in protection for these circumstances?

A. “These times, most pitfalls centre on contracting COVID-19, just before or through a journey. Allianz Global Help recommends travellers evaluate Govt of Canada travel advisories and have an understanding of the pitfalls for their vacation spot. Even though it is vital to choose protection primarily based on person requires, our COVID-19 Insurance coverage and Support Prepare gives supplemental unexpected emergency professional medical and vacation interruption quarantine coverage for people needing to vacation to destinations nevertheless less than an advisory.”

Q. How do journey cancellation or excursion interruption procedures get the job done whilst journey advisories are in position?

A. “In most scenarios, since COVID-19 continues to be what is called a ‘known event’, any Vacation Cancellation or Trip Interruption claims linked to any Governing administration of Canada journey advisories connected to COVID-19 will not be payable.

“Trip Cancellation protection will remain qualified if the traveller results in being sick due to COVID-19 in Canada ahead of their departure and they need to cancel their excursion as a final result. Vacation Interruption protection is qualified if the traveller gets sick because of to COVID-19 while on their vacation, and needs to interrupt their trip as a final result, presented a COVID-19 travel advisory to steer clear of non-critical (Degree 3) or keep away from all travel (Level 4) was not in area on the successful day of protection.”

ONTARIO BLUE CROSS

Q. Is the Omicron variant included by my journey insurance policy?

A. “We would like to reassure all our customers relating to their travel coverage coverage. The Crisis Health care Care benefit covers COVID-19 and its variants, like Omicron, until it is thought of a pre-current issue prior to departure.”

Q. Do you cover the costs for quarantine?

A. “Subsistence allowance does not include the prices affiliated with a preventive or compulsory quarantine before returning to the region, on website or upon arrival at the desired destination. Subsistence allowance costs may be covered when a traveller have to postpone their return thanks to a clinical unexpected emergency, such as a medical emergency related to COVID-19. A health care emergency entails the human being struggling from major signs or symptoms that call for medical attention and possibly repatriation. We do not deal with the quarantine costs imposed when returning to the country.”

For additional Q&As from Manulife, Allianz World Assistance and Ontario Blue Cross, as perfectly as enter from  the Canadian Everyday living and Overall health Coverage Affiliation (CLHIA), click right here for the Jan. 27, 2022 situation of Travelweek.

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Japan surveys foreign trainees’ financial situations as more bolt from jobs

Japan surveys foreign trainees’ financial situations as more bolt from jobs

Japan has released a study in order to much better grasp the economical scenarios of overseas technical trainees, as financial issues appear to be the purpose quite a few abruptly leave their host companies, a govt formal claimed.

The Immigration Providers Agency and the Ministry of Well being, Labor and Welfare started collecting info on 2,000 trainees across the region, together with information on the spend they get from their companies and the quantity they owe in relocation charges.

Countless numbers of specialized trainees go away their host organizations without having see each yr in search of much better wages, among other explanations, as a lot of of them start off their life in Japan intensely in financial debt owing to the massive cost of transferring to the place.

This is the initial study on charges shouldered by trainees considering the fact that the regulation on the security of specialized interns arrived into pressure in November 2017, in accordance to the formal. The regulation improves the checking of corporations accepting trainees and stipulates that the technique should be reviewed, if needed, 5 years immediately after the law comes into drive.

The plan aims to transfer competencies to creating nations but has been criticized as being utilised as a protect for companies to import inexpensive labor.

According to the agency, the variety of trainees with whom their host companies missing contact rose to around 9,000 in 2018 from about 3,500 in 2013.

All those who disappeared stood at about 3,300 in 2021 as of June.

For the survey, scheduled to operate by means of April, officials from the Organization for Complex Intern Coaching, which oversees the intern system, will mainly give study forms to trainees from six countries — Cambodia, China, Indonesia, Myanmar, the Philippines, and Vietnam — through on-internet site inspections of workplaces.

The study asks interns the sum they compensated to corporations that arranged for them to arrive to Japan, the reason of the payments and irrespective of whether they produced payments to everyone else, between other concerns. Respondents have been also requested regardless of whether their fork out in Japan was what they had expected right before arriving.

“There are instances in which those runaway trainees interact in unlawful labor and crimes such as theft. It is important to implement actions to lessen the number of trainees who disappear from their workplaces,” the official said.

In a time of the two misinformation and way too significantly data, high-quality journalism is a lot more vital than at any time.
By subscribing, you can aid us get the story correct.

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Most commercial insurance premium renewal rates up in Q4

Most commercial insurance premium renewal rates up in Q4

Most strains of business insurance professional boosts in top quality renewal premiums in the fourth quarter, according to a report Friday from Ivans Insurance policies Providers, a division of Tampa, Florida-centered Utilized Units Inc.

Most lines, such as business enterprise homeowners policy, typical liability, business home and umbrella, ended the yr with their optimum normal high quality renewal charges, Ivans claimed in its report.

Professional property insurance plan premium renewal prices rose an typical 5.95{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the fourth quarter, in comparison with 5.77{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the third quarter and with a 6-thirty day period ordinary of 5.86{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The quarter’s significant was 6.14{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in December, with a very low of 5.77{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in November.

Organization entrepreneurs coverage renewal costs climbed an ordinary 5.58{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the fourth quarter, compared with 5.05{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the 3rd quarter and with a six-month common of 5.32{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The quarter’s large was 5.77{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in December, with a small of 5.24{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in Oct.

Umbrella renewal prices increased 5.13{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the fourth quarter, in comparison with 4.85{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the 3rd quarter and with a six-month normal of 4.99{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The quarter’s substantial was 5.40{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in December, and the reduced was 4.97{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in November.

Commercial vehicle premium renewal prices rose 4.69{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the fourth quarter, when compared with 4.32{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the third quarter and with a six-thirty day period average of 4.51{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The quarter’s superior was 4.89{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in November, and the lower was 4.55{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in December.

Typical liability insurance policy quality renewal premiums greater an common 4.41{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the fourth quarter, compared with 4.21{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the 3rd quarter and with a 6-month common of 4.31{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The quarter’s superior was 4.78{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in December, and the very low was 4.18{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in October.

Personnel compensation renewal premiums declined 1.16{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the fourth quarter when compared with a drop of 1.40{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the 3rd quarter and with a six-thirty day period common decline of 1.28{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The quarter’s substantial was a 1.70{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} decrease in December, and the lower a 2.78 {1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} drop in October.

“Most main business lines of organization finished the yr with their maximum average high quality renewal rates due to the fact the Ivans Index started in 2017,” Kathy Hrach, vice president of solution management for Ivans Insurance policies, said in a assertion with the report. She extra that high quality renewal amount changes could be motivated by macroeconomic tendencies these as inflation and financial uncertainty.

Ivans tracks extra than 120 million data transactions and contains additional than 32,000 companies and 400 insurers and running general agents in its month-to-month assessment.

 

 

 

 

 

 

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D.A. Alvin Bragg forms ‘Manhattan Small Business Alliance’

D.A. Alvin Bragg forms ‘Manhattan Small Business Alliance’

Manhattan District Attorney Alvin Bragg introduced the launch of the new “Manhattan Tiny Enterprise Alliance” to lessen shoplifting and industrial robberies in partnership with small company leaders in each community of Manhattan. 

Comprised of local business enterprise proprietors, Enterprise Improvement District (“BID”) administrators, members of regulation enforcement, and social service companies, the Alliance will meet up with on a regular basis to review and assessment information, draft recommendations, and build options. On top of that, the Alliance will host a sequence of concentration groups with distinct styles of tiny firms, and enterprises in certain geographic spots (e.g., Chinatown) to ensure that a variety of views advise the Alliance’s tips. Members of the D.A.’s Business, as nicely as Chauncey Parker, NYPD Deputy Commissioner for Local community Partnerships, will provide as a legislation enforcement representatives on the Alliance.

The Alliance will to start with fulfill in February, and expects to finalize its suggestions in May well.

“Our borough’s small firms are what make Manhattan so specific, and I glimpse forward to collaborating closely with our lively modest business enterprise local community to create serious answers to the lengthy-standing public security challenges they confront,” D.A. Bragg said. “We’re heading to count on info to target our attempts and we will pay attention to the voices of compact company house owners from every single corner of Manhattan.

“For our overall economy to thrive, enterprise proprietors, personnel, and shoppers should come to feel harmless. My office will not tolerate violence directed at any individual. We also know that poverty, compound use conditions, and mental ailment are contributing elements in a lot of residence crimes and good quality of lifestyle offenses. My team is keen to perform with the business enterprise group, as effectively as social services suppliers and other authorities agencies, to produce answers that will gain modest companies by breaking the cycle of recidivism and arrests.”

Shoplifting and industrial robberies have plagued Manhattan corporations for numerous years. Manhattan business leaders welcomed D.A. Bragg’s dedication to partnering with them to experience these issues head-on.