European Federation of Journalists to stop posting on X after Trump takes office


The European Federation of Journalists (EFJ) has declared that it would stop publishing content on X, formerly Twitter, once President-elect Donald Trump takes office in January 2025. The organization, which represents more than 295,000 journalists in 44 countries, reasoned its decision on claims that the social media site has grown into a “far-right conspiracy theorist propaganda” network since Elon Musk acquired the platform in 2022.

The EFJ has joined a number of other European media outlets in departing the site, which has grown to become one of the world’s largest news platforms, following Trump’s election as the 47th president of the United States, whom Musk had actively championed.

The organization said that it could “no longer ethically participate in a social network that its owner has transformed into a machine of disinformation and propaganda,” according to The London Economic.

“We cannot continue to participate in the social network feed of a man who proclaims the death of the media and therefore of journalists,” said Maha Server, the president of EFJ. “The social media site X has become the preferred vector for conspiracy theories, racism, far-right ideas, and misogynistic rhetoric. X is a platform that no longer serves the public interest at all, but the special ideological and financial interests of its owner and his political allies.”

He further contended: “The editorial evolution of X, since its acquisition by Elon Musk, is simply contrary to our humanist values, our commitment to press freedom and medial pluralism, and our fight against all forms of hatred and discrimination. The decision to suspect our @EFJEUROPE account seemed clear to us and we invite all our members and all organizations defending freedom of expression to migrate to other platforms.”

Ricardo Gutierrez, EFJ general secretary, added that Musk’s appointment to co-lead Trump’s Department of Government Efficiency is a “threat to democracy and freedom of expression posed by the cooperation between the president of the most powerful country in the world, Donald J. Trump, and the richest man in the word, Elon Musk.”
This Story originally came from humanevents.com

 


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Record-high home prices, combined with the average 30-year fixed mortgage rate surpassing 7% once again, continue to create the worst housing affordability environment in a generation. Consequently, the residential renovation market sours, pressuring home furnishing companies to offer better deals. 

A team of Goldman analysts led by Kate McShane updated their proprietary home furnishings promotional tracker for November, in which they found increased promotions, markdowns, and free shipping across the industry for notable home furnishings retailers including Arhaus, At Home, Bassett Furniture, Cost Plus World Market, Crate & Barrel, Ethan Allen Interiors, Havertys, Kirkland’s, Pottery Barn, PB Teen, Pottery Barn Kids, Rejuvenation, Wayfair, and West Elm.

McShane noted that average markdowns were slightly higher for the industry year-over-year last month, although Williams-Sonoma was one of the only home furnishings retailers not offering increased deals to somewhat flattish compared with the same month last year. 

Here are the key observations from their findings:

  • Free shipping ticked up sequentially and year over year in November across the industry and Williams Sonoma banners;

  • Markdowns increased sequentially and year over year across the industry;

  • Promotions are notably higher sequentially and year over year at the Williams Sonoma banner, while promotions are lower at West Elm and Rejuvenation

Industry-wide, markdowns increased month-over-month and year-over-year, with PB Kids and Wayfair offering the best deals

  • November’s industry markdowns increased both m/m and y/y: Sequentially, the average markdown across the industry increased m/m at 40% in Nov vs. 37%/37%/41% in Oct/Sep/Aug. The average markdown increased y/y compared to 39% in Nov ’23.

  • Markdown level by company: Overall, PB Kids (58%) and Wayfair (58%) were the companies with the highest average markdowns in Nov ’24. PB Teen, Rejuvenation, and West Elm had the highest markdowns on a 1-year average (also taking account of consistency in promotions over the months).

  • Free shipping: Overall days of free shipping increased both sequentially and y/y in Nov ’24 to 14 days, vs. 9/13 days in Oct’ 24/Nov ’23. Kirkland’s, Pottery Barn, and Williams-Sonoma offered free shipping every day in Nov ’24, with the next highest frequency seen at PB Kids’s at 29 days.

McShane noted, “While we don’t include RH in our promotional analysis, we do note the company continues to advertise its fall clearance sale with up to 60% off outdoor, living, dining, and bedroom items.” 

Average Markdowns on a retailer basis:

Pottery Barn 

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Williams-Sonoma

Rejuvenation

The number of days home furnishings companies offered ‘free shipping’ last month surged. 

Williams-Sonoma’s free shipping promotion was much higher than the industry average. 

The entire industry has been in the dumps since the Covid spike.

And this is why.

McShane highlighted that the barometer for the residential renovation market remains uninspiring. 

Given all this, there are indeed deals for patient consumers who held back during the Covid surge in home renovations. Goldman’s McShane gives readers a broad understanding of what home furnishings companies offer the best deals. 

Tyler Durden
Wed, 12/04/2024 – 18:00

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