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Walgreens shutters 5 more San Francisco branches due to “ongoing organized retail crime”

October 19, 2021 -

"Organized retail crime continues to be a challenge facing retailers across San Francisco, and we are not immune to that. Retail theft across our San Francisco stores has continued to increase in the past few months to five times our chain average," Walgreens spokesman Phil Caruso says in a statement. He adds that the pharmacy chain has "increased [its] investments in security measures in stores across the city to 46 times our chain average in an effort to provide a safe environment....

San Francisco retail stores cease operations thanks to new law that decriminalizes shoplifting

September 13, 2021 -

Back in November 2014, Proposition 47 became a law in the city. Under the ordinance, shoplifting or attempted shoplifting up to $950 of goods would now be downgraded to a misdemeanor. The new law meant that thieves can steal items without worrying about their criminal records. The thefts have also contributed to San Francisco becoming one of the epicenters for organized retail crime in the U.S.

Two drugstore chains – CVS and Walgreens – have closed most of their locations ...

Walgreens closing 5 more San Francisco stores due to organized shoplifting

October 14, 2021 -

When Walgreens closed a store on Van Ness Avenue in October 2020 due to a spike in crime, the San Francisco Chronicle reported that the store was seeing up to $1000 worth of merchandise being stolen each day. A law that was passed in the state in 2014 saw the theft of goods worth less than $950 being classified as a nonviolent misdemeanor. Although thieves could face up to six months in prison, most offenders are being released and continuing to steal.

The latest stores ...

Deranged Leftists now want to ban company-owned cafeterias to FORCE employees to go out to local restaurants… all in the name of “fairness” of course

August 01, 2018 -

According to San Francisco Supervisors Ahsha Safai and Aaron Peskin, both of whom are co-sponsoring new legislation towards this end, banning workplace cafeterias like the ones currently found at both Google and Apple headquarters represents a "forward thinking" move, and one that everyone should embrace.

The proposed new law would basically change local zoning laws to disallow companies from even having workplace cafeterias, making it illegal for them to have ...

Solana’s value cut in half following FTX liquidity crisis

November 11, 2022 -

Earlier this month, FTX entered a downward spiral that saw the company's fortunes crumble to almost nothing within the span of days. Binance, a rival crypto exchange, initially offered to buy the company. But less than 48 hours later, the potential deal fell through, causing what little value the market still had for FTX to wither away. (Related: Binance backs out of bailout plan to rescue FTX, causing further turmoil across crypto markets.)

The problem for FTX is the ...

Bitcoin price briefly falls below $26,000 as crypto sell-off erases more than $200 billion from the market

May 13, 2022 -

On Thursday, May 12, bitcoin's value fell as low as $25,402.04, down by 10 percent from its value the previous day. This marks the first time bitcoin's value fell below $27,000 since Dec. 26, 2020. The cryptocurrency's value later rebounded to about $29,300. (Related: If Coinbase goes bankrupt, all of its users' funds could disappear.)

The value of bitcoin has continuously fallen over the last seven days up to Wednesday, May 11. This is bitcoin's longest losing streak since ...