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Kroger, Albertsons, and C&S Announce Updated Divestiture Plan to Boost Competition

Kroger, Albertsons, and C&S announce an updated divestiture plan to enhance competition in overlapping regions.

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Kroger, Albertsons Companies, and C&S Wholesale Grocers have recently announced an updated and expanded divestiture plan as part of their proposed merger. This new plan is a response to concerns raised by antitrust regulators regarding the original agreement and aims to enhance competition in overlapping regions.

The amended divestiture package includes an increase in the number of stores, facilities, and banner names to ensure that C&S can operate competitively after the merger is complete. The companies are confident that this updated plan will strengthen their position in regulatory challenges and court proceedings related to the proposed merger.

Rodney McMullen, Chairman and CEO of Kroger, expressed his satisfaction with the updated package, emphasizing that it maintains Kroger’s commitments to customers, associates, and communities. Importantly, McMullen assured that no stores will close as a result of the merger, and all frontline associates will remain employed with existing collective bargaining agreements, healthcare and pension benefits, and bargained-for wages intact.

The proposed merger between Kroger and Albertsons aims to provide meaningful benefits to consumers, associates, and communities across the country. It aims to expand access to fresh, affordable food and create a compelling alternative to large, non-union retailers. By adding a well-capitalized competitor to new geographies, the merged company seeks to secure the long-term future of unionized grocery jobs.

Eric Winn, CEO of C&S, expressed confidence in the expanded divestiture package, stating that it will ensure the continued success of the stores and enable C&S to serve communities for generations to come. He also mentioned the excitement of welcoming storied banners, quality private label brands, and experienced retail associates into the C&S family.

Under the amended agreement, C&S will acquire a total of 579 stores, an increase of 166 stores from the original plan. Furthermore, C&S will license the Albertsons banner in California and Wyoming, as well as the Safeway banner in Arizona and Colorado. Kroger will re-banner the retained Albertsons and Safeway stores in these states following the merger’s completion. The divestiture plan includes a range of states and locations, ensuring a well-rounded presence for the newly formed company.

To support the additional stores conveyed to C&S, the updated divestiture package includes increased distribution capacity, larger facilities, and expanded transition services agreements. This will enable C&S to operate the divested stores competitively and cohesively. All fuel centers and pharmacies associated with the divested stores will remain operational.

The amended agreement includes the divestiture of private label brands to C&S and provides access to other major private label brands. This will allow the combined company to offer a wide range of products and options to customers.

The proposed merger is subject to customary closing conditions, including regulatory clearance, and the completion of the merger between Kroger and Albertsons. Upon fulfilling these conditions, C&S will pay Kroger an all-cash consideration of approximately $2.9 billion.

The merger aims to bring lower prices and more choices to customers, improve wages and comprehensive benefits for employees, and invest in ending hunger in communities across America. Kroger and Albertsons remain committed to defending the merger in court and unlocking its numerous benefits.

To learn more about the combined company’s commitment to customers, associates, and communities, visit the website www.krogeralbertsons.com.

About Kroger:
The Kroger Co. is dedicated to its Purpose: To Feed the Human Spirit™. With nearly half a million associates, the company serves over 11 million customers through a seamless digital shopping experience and retail food stores under various banner names. Its goal is to inspire and uplift with food, while also creating communities that are free from hunger and food waste.

The story is based on a press release that includes forward-looking statements. It is recommended that readers refer to the filings made by Kroger and Albertsons with the Securities and Exchange Commission to get a better understanding of the risks and uncertainties that may affect the proposed transaction and updated divestiture plan.

https://ir.kroger.com/news/news-details/2024/Kroger-Albertsons-Companies-and-CS-Wholesale-Grocers-LLC-Announce-an-Updated-and-Expanded-Divestiture-Plan/default.aspx

Source: The Kroger Co.

https://stmdailynews.com/category/lifestyle/business

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Urbanism

Exploring the Debate: Is a Policing Surge the Answer to L.A.’s Transit Safety Concerns?

Is a policing surge the solution to L.A.’s transit safety concerns? It’s a complex debate with proponents and transit advocates offering differing viewpoints.

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An image showing a Metro train in Los Angeles with transit police officers patrolling the station, ensuring safety and security for passengers.
Los Angeles Metro Rail. (2024, May 6). In Wikipedia. https://en.wikipedia.org/wiki/Los_Angeles_Metro_Rail

Policing Surge?
Recent safety concerns surrounding L.A. County’s transit system have prompted city leaders to announce a surge in law enforcement personnel to tackle the increasing violence on buses and trains. While some view this move as a necessary step to address growing public safety fears, others argue that relying solely on armed officers might not be the most effective solution. This blog post will explore both perspectives and examine the wider debate surrounding transit safety in Los Angeles.

https://www.facebook.com/losangelesmetro/videos/7248836475225719

  1. Understanding the Numbers:
    Data indicates that violent crime rates on the transit system have decreased by almost 35% from March 2023 to March 2024. However, crimes categorized as “Crimes against Society” such as trespassing, drug use, and possession of illegal weapons, have increased by over 160%. These figures shed light on the ongoing tension between media coverage of transit violence and the overall safety trends.
  2. Read the LA Metro report here: https://boardagendas.metro.net/board-report/2024-0221
  3. The Perspective of Policing Supporters:
    Proponents of the policing surge argue that more armed officers will enhance public safety and deter potential criminals. They contend that the visible presence of law enforcement personnel will create a sense of security among passengers and drivers. Additionally, some emphasize the necessity of law enforcement involvement to maintain order in an increasingly violent environment.
  4. Critics from Transit Advocates:
    Opponents of excessive reliance on armed policing for transit safety argue that the approach is a flawed one. A coalition called the Alliance for Community Transit-Los Angeles (ACT-LA) advocates for investment in alternatives, such as affordable housing and improved access to public transit. They highlight that violence on the transit system has been decreasing and emphasize the importance of addressing root causes of crime, such as homelessness and mental health, through community-based solutions.
  5. Exploring Alternatives:
    Transit advocates suggest that Metro should make greater use of their unarmed transit ambassadors, who have been positively received by passengers and contribute to a sense of safety. These ambassadors, dressed in distinctive green shirts, provide assistance and support to riders, helping to prevent incidents and maintain a welcoming environment. Additionally, increasing outreach programs focusing on homelessness and mental health could also make a significant impact on safety within the transit system.

Balancing public perception of crime with actual crime statistics is a complex challenge in addressing transit safety concerns. While a policing surge may provide short-term relief and may be reassuring for some passengers, exploring alternative strategies that address the root issues underlying crime will likely result in more long-lasting improvements. By investing in community-driven solutions, such as affordable housing and support for vulnerable populations, L.A.’s transit system can take a holistic approach to safety, ensuring that all passengers feel secure and comfortable while using public transportation.

Source: LA Metro

https://stmdailynews.com/category/the-bridge/urbanism


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Daily News

Blue Origin’s NS-25 Mission: Launch Date Set and Historic Inclusion of First Black Astronaut Candidate

Blue Origin’s NS-25 Mission: Historic launch date set with America’s first Black astronaut candidate onboard. Stay tuned for details!

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New Shepard’s Crewed NS-25 Mission Targets Liftoff on May 19
Blue Origin announced today its seventh human flight, NS-25, will lift off from Launch Site One in West Texas on Sunday, May 19. The launch window opens at 8:30 AM CDT / 1330 UTC. The webcast on BlueOrigin.com will start at T-40 minutes.

"Blue Origin's NS-25 mission launch featuring America's first Black astronaut candidate and a diverse crew."
NS-25 mission patch

Additionally, Blue Origin released the NS-25 mission patch. A few of the symbols embedded include:

The Gemini spacecraft represents Ed Dwight’s aerospace training era. The hand lifting the crew capsule is a nod to his extensive artwork.

The sunrise represents Mason Angel and Carol Schaller’s desire to experience the overview effect.

The mountains symbolize Carol Schaller, Gopi Thotakura, and Sylvain Chiron’s passion for climbing and skiing.

The crew capsule’s leaf design reflects the groundbreaking family heritage software Kenneth L. Hess developed.

"Blue Origin's NS-25 mission launch featuring America's first Black astronaut candidate and a diverse crew."

NS-25 Mission Crew


New Shepard’s 25th Mission Includes America’s First Black Astronaut Candidate
April 4, 2024

Blue Origin today revealed the six-person crew flying on its NS-25 mission. The crew includes Mason Angel, Sylvain Chiron, Kenneth L. Hess, Carol Schaller, Gopi Thotakura, and former Air Force Captain Ed Dwight, who was selected by President John F. Kennedy in 1961 as the nation’s first Black astronaut candidate but was never granted the opportunity to fly to space.
Meet the Crew
Ed Dwight

In 1961, Ed was chosen by President John F. Kennedy to enter training at the Aerospace Research Pilot School (ARPS), an elite U.S. Air Force flight training program known as a pathway for entering the NASA Astronaut Corps. In 1963, after successfully completing the ARPS program, Ed was recommended by the U.S. Air Force for the NASA Astronaut Corps but ultimately was not among those selected. He entered private life in 1966 and spent a decade as an entrepreneur before dedicating his life’s work to using sculpture as a medium to tell the story of Black history. He’s spent the last five decades creating large-scale monuments of iconic Black figures, including Dr. Martin Luther King Jr., Frederick Douglass, and Harriet Tubman and the Underground Railroad, among many others. His more than 130 public works are installed in museums and public spaces across the U.S. and Canada. Ed was born in 1933 and raised in Kansas City, KS.

Ed’s seat is sponsored by Space for Humanity, a nonprofit changing global perspectives by democratizing access to space for all of humanity, with additional support from the Jaison and Jamie Robinson Foundation.

Mason Angel

Mason is the founder of Industrious Ventures, a venture capital fund supporting early-stage companies that enable or progress new industrial revolutions. Mason is an active member in his family’s foundation and will use this mission to inspire children and advance partnerships with nonprofits focused on STEM in early education. He spends his free time skiing or hiking in the Rocky Mountains and can often be found with his dog Leo, named for low Earth orbit.

Sylvain Chiron

Sylvain is the founder of the Brasserie Mont Blanc, one of the largest craft breweries in France. Sylvain was born in the French Alps and is a lifelong aviator and skier. He earned his pilot’s license at age 16. After spending several summers in Florida taking additional flying lessons and watching Space Shuttle launches, Sylvain entered mandatory service in the French military, where he served as a ski instructor for the French Air Force and NATO pilots. Following the military, he pursued an international MBA at Temple University and moved to Tokyo to study business in Japan. Sylvain and his family are based in Savoy, France, where he’s also involved in philanthropy focused on children’s education and nature preservation.

Kenneth L. Hess

Ken is a software engineer and entrepreneur who shaped today’s technology-based family history industry when he developed the Family Tree Maker product line in the 1990s. The company was acquired by Ancestry.com in 2003. In 2001, Ken gave back by founding Science Buddies, a K-12 nonprofit created to level the playing field and improve STEM literacy by inspiring students through free, personalized, hands-on projects in all areas of science, including space exploration. Science Buddies has reached one-quarter billion users. Ken’s lifelong passion for space exploration is in his DNA, with numerous early American pioneers in his mother’s lineage and many engineers and technicians in his father’s.

Carol Schaller

Carol is a retired CPA. In 2017, her doctor told her she would likely go blind. She has since traveled to 25 countries around the world, visited Mount Everest Base Camp, trekked to the Bwindi Impenetrable Forest of Uganda to see mountain gorillas, visited the South Pole, and camped in a tent in the desolate Antarctic plain at -20 degrees. Seeing Earth’s thin layer of atmosphere in the blackness of space will fulfill a lifelong dream. Carol and her husband of 40 years live on a farm in Lumberville, PA, with a view of the stars, two cows, 100 chickens, a dog, and a dancing parrot.

Gopi Thotakura

Gopi is a pilot and aviator who learned how to fly before he could drive. He’s co-founder of Preserve Life Corp, a global center for holistic wellness and applied health located near Hartsfield-Jackson Atlanta International Airport. In addition to flying jets commercially, Gopi pilots bush, aerobatic, and seaplanes, as well as gliders and hot air balloons, and has served as an international medical jet pilot. A lifelong traveler, his most recent adventure took him to the summit of Mt. Kilimanjaro. Gopi is a graduate of Embry-Riddle Aeronautical University.

Each astronaut will carry a postcard to space on behalf of Blue Origin’s foundation, Club for the Future. This program gives students access to space on Blue Origin’s rockets, including an all-digital method to create and send postcards, which can be found here. The Club’s mission is to inspire and mobilize future generations to pursue careers in STEAM for the benefit of Earth.

From an environmental standpoint, nearly 99% of New Shepard’s dry mass is reused, including the booster, capsule, engine, landing gear, and parachutes. New Shepard’s engine is fueled by highly efficient liquid oxygen and hydrogen. During flight, the only byproduct is water vapor with no carbon emissions.

The flight date will be announced soon.

https://www.blueorigin.com/news/new-shepard-ns-25-mission-announcement

Follow Blue Origin on XInstagramFacebookLinkedInThreads, and YouTube, and sign up on BlueOrigin.com to stay current on all mission details. 

About Blue Origin

Blue Origin is a private aerospace company founded by Jeff Bezos in 2000. With its headquarters in Kent, Washington, Blue Origin aims to make space travel more accessible and sustainable. The company’s mission is centered around developing technologies to enable human colonization of space and to protect the Earth by shifting heavy industry to space.

Source: Blue Origin

https://stmdailynews.com/category/science


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Space and Tech

Discover the Cosmos with Space Voyage Ventures: Space Tourism, Exploration, and Future Endeavors

Embark on a cosmic adventure with Space Voyage Ventures: Your ultimate resource for space tourism, exploration, and future missions.

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Space Voyage Ventures is a newly launched website dedicated to space tourism and the advancements in space travel. It offers a comprehensive resource for individuals with an interest in astronautics and cosmic exploration. The website is divided into several sections that cover a range of topics related to space exploration.

Space Voyage Ventures - Journey into the Cosmos

The Space Travel Destinations section takes users on a virtual journey through the cosmos. It provides detailed information about various planets, remote areas of space, and ongoing missions. The Mars Projects category focuses on the Red Planet, while the Lunar Missions section explores Earth’s closest celestial neighbor. The Galactic Exploration part of the website looks at distant galaxies and cosmic phenomena, while the Current Achievements and Future Aspirations segment provides a timeline of major milestones and upcoming ventures in space exploration. The section on Space Tourism Visa Requirements breaks down the logistical aspects of space travel, including health and fitness standards and training prerequisites.

The Space Experience Guides section offers valuable insights into the preparation and experience of space travel. It covers topics such as pre-mission preparation, astronaut training, the effects of space on the body, health screenings, and life in zero gravity. The section also speculates on future expectations for space missions.

The Commercial Lunar Tourism section focuses on the groundbreaking projects currently in progress. It provides an overview of major commercial lunar tourism initiatives, including Blue Origin, Virgin Galactic, SpaceX, and the DearMoon Project. Each subsection details the goals, progress, and vision of these projects.

The Upcoming Missions section keeps users informed about forthcoming space endeavors. It features information on NASA’s Artemis Program, the European Space Agency’s Lunar Pathfinder, China’s Chang’e Lunar Exploration Program, SpaceX’s Mars exploration plans, and Blue Origin’s Orbital Reef. The section provides updates on mission objectives, technology, and timelines.

The Explore Spacecrafts section offers an in-depth look at the spacecraft that propel astronauts into space. It showcases the design, engineering, and revolutionary technologies behind these crafts. Users can explore interactive 3D models and take virtual tours of the interiors of various spacecraft.

The Space Gear section unravels the intricacies of the equipment essential for space travel. It focuses on astronaut suits and the high-tech tools used during missions. Users can learn about the design, advanced technology, and safety protocols associated with astronaut suits. The section also explores the range of tools and devices used by astronauts during their missions.

Space Voyage Ventures aims to educate and inspire users, fostering a new generation of space enthusiasts and potential explorers. The website covers a wide range of topics related to space travel, making the vastness of space feel a little closer to home. It offers a front-row seat to the unfolding story of humanity’s journey among the stars.

Source: Ciaran Connolly, Space Voyage Ventures Founder

https://www.einpresswire.com/article/695017139/space-tourism-website-space-voyagers-launches

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